DCA
EU DFA - Trading EURUSD with MA, Bollinger Band and RSI combination
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ancfx
3 min read
15/11/2023
9
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Introduce

EU DFA configured on FXCE Giga by member ancfx (Telegram: @ancfa) of FXCE - EA community.

This is a EURUSD trading system on the M15 frame with a combination of 3 indicators: Moving Average, Bollinger Band and Relative Strength Index. In order to improve the accuracy of the signal, the entry point will include additional candle structure characteristics such as length and closing price. EA manages risk using the DCA algorithm for a maximum of 3 orders with a volume of 0.02; 0.03; 0.06 lots.

Note: Due to the specific conditions for entering orders, EA's order frequency is quite low.

EU DFA on FXCE MT5

EU DFA is currently forward tested, you can track trading results on FXCE Social Trading Platform at this.

EU DFA Trading Methodology

Strategy

Buying Conditions

  • Total Buy orders = 0

  • The MA100 line is above the MA200 line

  • The closing price of candle 1 is below the Bollinger Band (Lower) line.

  • RSI ≤ 39

  • 93 ≤ Length of candle 1 ≤ 286

  • Closing price of candle 1 > 79% of candle 1's length

Selling Conditions

  • Total Sell orders = 0

  • The MA100 line is below the MA200 line

  • The closing price of candle 1 is above the Bollinger Band (Upper) line.

  • RSI ≥ 68

  • 93 ≤ Length of candle 1 ≤ 286

  • Closing price of candle 1 > 79% of candle 1's length

Risk management

First command

  • Fixed volume: 0.01 lot

  • Take Profit : $2.68 

DCA Strategy

  • DCA up to 3 steps.

  • Step Size:  theo Defined Points: 239; 239; 300 points

  • Order volume: according to Defined Lotsize: 0.02; 0.03; 0.06 lots

  • TP chuỗi theo Defined USD Profit: 5.0; 7.0; 11.0

  • Max Risk Value at $180.0 then EA trades normally.

Backtest results

EA backtested under the following conditions:

  • Time Frame: M15

  • Backtest time: 01/01/2015 - 01/10/2023

  • Symbol: EURUSD

  • Balance: $3979

Backtest results of EU DFA

We will evaluate the backtest results based on 4 criteria:

  • Recovery Factor ≥ 6%

  • History Quality ≥ 99%

  • Profit Factor ≥ 1,5

  • Equity Drawdown ≤ 15%

Recovery Factor

Compare


Required level

Criteria

12.5

>

6

Good

 

History Quality 

Compare

Required level

Criteria

100%

>

99%

Miss

 

Profit Factor

Compare

Request

Criteria

3.59

>

1.5

Miss

 

Equity Drawdown 

Compare

15% 

Criteria

2.75

<

15% 

Miss

 

Configuration instructions on FXCE Giga

You can follow these steps to configure and customize the EA as desired.

Set up the Entry tab

Buy order

Sell ​​order

Set up the Volume tab

Set up the Settings tab



Set up the Action - DCA tab

Terms of use

  • Use on the MT5 FXCE platform

  • This Indicator/EA is provided for free.

  • All trading and exchange activities in any form are not allowed.

  • FXCE is not responsible if your balance is lost during use.

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cloud-download-2 Download the EA config here.

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How to use EA configuration files

  • Detailed instructions on how to use EA from the Giga EA library this.

  • After downloading the config file, copy it to the folder to save the config file of FXCE Giga.

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

  • Afterward load file config into FXCE Giga is possible backtest or forward test.

#Giga EA Sample
#DCA
#Giga Collection
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