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.
===========================================
Download the EA config here
===========================================
-
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.