Description: This is a breakout EA using Fractals and additional Indicators. It currently works on EURUSD, GBPUSD, EURJPY and GBPJPY. The SL are for safety only, they will seldom be hit. Exit is usually done by chart pattern, not SL or TP. The development of this bot took a long time and was finished this month. I made the program by myself.
Type of Trading: Real
Broker: Global Prime
Started: Nov 26, 2013
Tracking: 2 users
Currency Pairs: AUDUSD, EURJPY, EURUSD, GBPAUD, GBPJPY, GBPUSD, NZDUSD, USDJPY
Essentials: The MomentumEA system has made 585 trades with an average winning trade of 15.12 pips / , the average losing trade around -9.92 pips / and an average trade length of 2h 7m.
The best trade it ever had was (Jun 02) 173.3 in pips and the worst trade was (Sep 16) -137.7 in pips.
It has won (113/299) 37% of its attempted buys and (119/286) 41% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Its average stop loss is less than 50 pips which is reasonable.
- Prone to large drawdowns.