Introduce

Sonnv-EG-FOCA, a EURGBP trading system, is configured on FXCE Giga by member soantown (Telegram: @sonnv84) of the FXCE - EA community.
The EA operates according to the FOCA method, combining FOMO when the price moves in the right direction and DCA when it moves in the opposite direction. SMA is used to avoid peaks and troughs, thereby reducing drawdown when entering the DCA chain. The EA enters orders based on the condition SMA(89) on frames M5 and H1 [SMA(89) H1 is replaced by SMA(1068) M5].

Sonnv-EG-FOCA has started Forward Test; you can follow the trading results on FXCE Social Trading Platform here.

Trading method of Sonnv-EG-FOCA

Strategy

Buying Conditions

• Total Buy order status = 0.

• First candle closed below SMA(1068) and exceeded 500 points.

• First candle closed above SMA(89) in the range of 20-80 points.

Selling Conditions

• Total Sell order status = 0
  
  

• First candle closed above SMA(1068) and exceeded 300 points
  
  

• First candle closed below SMA(89) in the range of 20-80 points
  
  

Risk management

First command

• Fixed volume: 0.01 lot
  
  

• Take Profit: 300 points
  
  

FOCA Strategy

• Maximum 22 commands, including:
  
  

• Up to 11 DCA commands.

• Up to 11 FOMO orders.

• FOMO setting:
  
  

• Volume: Multiplier with factor = 1 (Fixed Volume).

• Step size = 20 points.

• Target profit: Fixed 100 points.

• Start DCA when the price goes back through the breakeven (BE) point, Volume DCA from 0.06.

• DCA Setting
  
  

• Volume: Multiplier with factor = 2.

• Step size = 160 points.

• Target profit: Fixed 100 points.

• Start FOMO when the price passes the BE point, Volume FOMO from 0.07.

Backtest results

EA backtested under the following conditions:

• GIGA version 3.39 (Download here)

• Timeframe: M5

• Symbol: EURGBP

• Backtest with Ducasky tick (See download instructions here)

• Backtest period: October 1, 2020 - October 1, 2023 (36 months)
  
  

 Set up Backtest

 Backtest results of Sonnv-EG-FOCA

We will evaluate the backtest results based on 4 criteria:

• Drawdown recovery period = EDD * Backtest’s months / Total Net Profit
  
  

• History Quality ≥ 99%
  
  

• Profit Factor ≥ 1,5
  
  

• Equity Drawdown ≤ 15%
  
  

See more about Backtest evaluation instructions: https://ea.fxce.com/post/huong-dan-danh-gia-ket-qua-backtest_636a2d4e56a5ec0001ade8e3 

Configuration instructions on FXCEGiga

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 tab - Fomo

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, as well as soantown, is not responsible If money is lost during use.

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Download the EA config here.

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How to use EA configuration files

• 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.