DCA
E.I.T-GU-MA-H1 - Trading signals according to the AMA indicator combined with 3Para Signal
#
ducnguyen
3 min read
15/03/2023
8
0
0

icon-menu

Overview

E.I.T-GU-MA-H1 trades GBPUSD on H1 timeframe which was configured on FXCE Giga by member Quang Duc (Telegram: @DucNguyen93) of FXCE - EA community.

Trading signals are determined based on candle's characteristics and three indicators including AMA, 3Para Signal, and Session Trading.

E.I.T-GU-MA-H1 has started Forward Test, you can follow the trading results on FXCE Social Trading Platform here.

 

Trading method

Trading strategy

Buy conditions

1st condition 
  • The 1st candle closes > AMA(10,2,30) more than 70 points

  • AMA (10,2,30) > AMA (10,5,30) more than 50 points.

  • Closing price of the 1st candle > The highest price of the 2nd candle more than 30 points.

  • The 1st candle is a bullish candle

2nd condition 
  • 3Para Signal appears a Buy signal

  • Body/Length > 50%

Sell conditions

1st condition 
  • The 1st candle < AMA(10,2,30)

  • The highest price of the 1st candle < AMA(10,2,30) more than 100 points

  • AMA(10,2,30) < (1) AMA(10,5,30)

  • Body/Length at the1st candle > 50%

  • The highest price at the 2nd candle < AMA(10,2,30)

  • The highest price at the 3rd candle < AMA(10,2,30)

  • The 1st andle is a bearish candle

2nd condition 
  • 3Para Signal appears a Sell signal

  • Body/Length > 50%

Risk management

  • Fixed volume 0.01 lot

  • DCA if the price goes against the predicted direction with the factor of 1.5.

  • Step Size according to ATR(300) on M15.

  • TP fixed DCA sequence $10.

Indicators

3Para Signal

3Para Signal is an indicator that helps identify buy and sell signals based on the Parabolic SAR indicator in 3 different timeframes to identify more accurate trading signals.

Users can refer to 3Para Signal in detail here.

Session Trading

Session Trading is an indicator that draws Histogram (frequency chart) for each trading session with the input parameter being the time decided by the trader.

Users can refer to the detailed Session Trading here.

Backtesting results

The EA backtested under the following conditions:

  • Time Frame: H1

  • Backtest period: 01/01/2020 - 21/12/2022

  • Symbol: GBPUSD

  • Balance: $10.000

Backtest settings

E.I.T-GU-MA-H1 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

3.42

<

6

Enough

 

History Quality

Comparison

Required level

Criteria

100%

>

99%

Met



Profit Factor

Comparison

Required level

Criteria

2.03

>

1.5

Met

 

Equity Drawdown

Comparison

15%

Criteria

3.93%

<

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 Quang Duc (Telegram: @DucNguyen93) of FXCE EA.

  • Used on MT5 FXCE platform

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

  • FXCE as well as Quang Duc are not responsible for any loss during use.

===========================================

cloud-download-2Download 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.

 

#FXCEGiga
#Giga EA Sample
#DCA
#Giga Collection
ic-comment-blueComment
#