Grid I/E Signals
A3C-EU - EURUSD reversal trade in two Asian-American sessions
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cuben2406
3 min read
23/03/2023
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Overview

A3C-EU trades EURUSD and is configured on FXCE Giga by member Le Thanh Cong (Telegram: @LTCong) of the FXCE - EA community.

The EA trades according to the reversal signal in just two Asian - American sessions based on a set of momentum indicators including RSI (14), Stochastic (5,3,3), CCI (14) and Bollinger Bands.

A3C-EU on MT5

A3C-EU has started the Forward Test, users can follow the trading results on the FXCE Social Trading Platform here.

A3C-EU trading method

Strategy

Buy conditions

  • RSI (14) < 26

  • Stochastic (5,3,3) < 20

  • CCI (14) < (-133)

  • The length of the 1st candle is less than 700 points

  • The highest price of the 1st candle is higher than the lower band of Bollinger Bands

Sell conditions

  • RSI (14) > 74

  • Stochastic (5,3,3) > 80

  • CCI (14) > 133 

  • The length of the 1st candle is less than 700 points

  • The highest price of the 1st candle is lower than the upper band of Bollinger Bands

Risk management

Frist order

  • Fixed volume: 0.03 lots

  • Take Profit: 230 points

Grid CIS Strategy

  • Up to 9 orders

  • Respectively fixed volume for each order are 0.06; 0.09; 0.12; 0.15; 0.18; 0.21; 0.24; 0.27 lots

  • Step Size according to Engulfing Candle

  • Respectively Fixed TP are 115; 65; 28; 1 point

Backtesting results

The EA backtested under the following conditions:

  • Time Frame: M5

  • Backtest period: 01/01/2020 - 27/12/2022

  • Symbol: EURUSD

  • Balance: $10.000

Backtest settings

A3C-EU backtesting results

The backtest result is evaluated based on 4 criteria:

  • Drawdown recovery period = EDD * Number of months Backtest / Total Net Profit

  • History Quality ≥ 99%

  • Profit Factor ≥ 1,5

  • Equity Drawdown ≤ 15%

Drawdown recovery period

Comparison

Standard number of months

Criteria

4.65

<

6

Enough

 

History Quality

Comparison

Required level

Criteria

100%

>

99%

Met

 

Profit Factor

Comparison

Required level

Criteria

1.86

>

1.5

Met

 

Equity Drawdown

Comparison

15%

Criteria

6.03%

<

15%

Met

More information on the Backtest assessment guiding: https://ea.fxce.com/post/huong-dan-danh-gia-ket-qua-backtest_636a2d4e56a5ec0001ade8e3

Configurating on Giga

Follow the steps to configure and can customize the EA:

Entry tab settings

Buy order

Sell order

Volume tab settings

Settings tab

Action tab settings - Grid CIS

Terms of use

  • The EA is free of charge and shared by member Lê Thành Công (Telegram: @LTCong) of FXCE EA.

  • Used on MT5 FXCE platform

  • Any purchase, sale or exchange in any form is not allowed.

  • FXCE as well as Lê Thành Công are not responsible for any loss during use.

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Download the EA config here

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  • Detailed instructions on how to use EA from EA Giga library can be found here.

  • Copy the “.config” file into the folder where the FXCE Giga config file is saved.

  • To access the folder where the config file is saved, go to FXCE Giga and select the File > Open Data Folder menu.

  • After loading the config file into FXCE Giga, users can perform backtest or forward test.

 

#FXCEGiga
#Giga EA Sample
#Grid CIS
#Giga Collection
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