DCA
BMK - Trend trading with MA (20) and BMKT candlestick pattern
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ngocsang188
4 min read
27/03/2023
51
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Overview

BMK is configured on GigaFactory by member ngocsang188 (Telegram: @NTNS96) of FXCE - EA community.

The EA trend trading is based on MA (20). The system places pending orders according to the BMKT candlestick pattern appearing above or below MA (20).

BMK on MT5

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

BMK trading method

Strategy

Buy conditions

  • The bullish BMKT candlestick pattern appears

  • The lowest price of the 2nd candle must be above MA (20) from 5 points

  • the 3rd candle > the 2nd candle

  • Placing order within 4 candles when the price returns to 20 points

Sell conditions

  • The bearish BMKT candlestick pattern appears

  • The highest price of the 2nd candle must be below MA (20) from 5 points

  • the 3rd candle < the 2nd candle

  • Placing order within 4 candles when the price returns to 20 points

Risk management

First order

  • Fixed volume: 0.06 lots

  • Take Profit: 700 points

DCA Strategy

  • DCA sequence of up to 5 orders according to a factor of 2.

  • Step Size according to BMKT indicator at least 60 points

  • Trailing Stop according to MA (20) and starts after 300 points

  • Close the entire order sequence when Max Risk: 6%

BMKT indicator

This is an indicator that provides Buy - Sell signals, using a 3-candle pattern.

  • Buy signal: There is a Doji candle between 2 bullish candles

  • Sell signal: There is a Doji candle between 2 bearish candles.

Backtesting results

The EA backtested under the following conditions:

  • Time Frame: M5

  • Backtest period: 01/01/2021 - 31/01/2023

  • Symbol: NZDCAD

  • Balance: $10.000

Backtest settings

BMK 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

3.88

<

6

Enough

 

History Quality

Comparison

Required level

Criteria

100%

>

99%

Met

 

Profit Factor

Comparison

Required level

Criteria

3.47

>

1.5

Met

 

Equity Drawdown

Comparison

15%

Criteria

4.51%

<

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 - DCA

Terms of use

  • The EA is free of charge and shared by member ngocsang188 (Telegram: @NTNS96) of FXCE EA.

  • Used on MT5 FXCE platform

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

  • FXCE as well as ngocsang188 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.

#Giga EA Sample
#DCA
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