Description: This is a stochastic based trend following system with a number of filters, optimized for M15, H4 and D1. Trades a bit more aggressive than my trendland account, but basically same strategies
My EA trades 19 pairs on H4 and 10 pairs on D1 with 1.0 -3.5% risk each trade.
The system moves SL to BE after x number of pips and also trails profit to reduce drawdown/losses and to lock in profit in ranging/choppy markets.
The trend is determined by a custom MA on two time frames where the trend has to be aligned on both time frames for the EA to open a trade.
A hedge position with identical lot size/strategy is opened if an opposite signal occurs
Lots are set to 0.01 and 0.02 per USD 1000 account balance. TP is varying from 25 to 800 pips depending on what pair/time frame is traded. SL is varying from 75 to 350 pips.
The system which I have developed and improved over a 3 years period is 100% automated, but before market closes on Fridays I do occasionally close open trades in small profits where SL has already been moved to BE.
Expect maximum 12 open trades and a total of 50-70 trades a month.
My long term goal is a 5 – 10% monthly gain with a maximum floating drawdown of 10% and a maximum actual drawdown of 5%.
As my system is based on the sound trading principle "Cut the losses and let the profits run", quite many trades will be stopped out at break even.
Type of Trading: Real
Started: Jun 17, 2014
Tracking: 0 users
Currency Pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPCHF, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY
Essentials: The trendlandturbo system has made 627 trades with an average winning trade of 17.33 pips / $2.25, the average losing trade around -53.23 pips / -$7.90 and an average trade length of 2d.
The best trade it ever had was (Jan 23) 151.3 in pips and the worst trade was (Jan 15) -326.0 in pips.
It has won (235/291) 80% of its attempted buys and (265/336) 78% of its attempted sells.
Pros & Cons
- Its average win is larger than 10 pips which is usually a good thing.
- Prone to large drawdowns.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.