DCA
TAH EU-DCA-M15 - DCA based on RSI overbought/oversold conditions
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tradingathome
3 min read
14/03/2023
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TAH EU-DCA-M15 Overview

TAH EU-DCA-M15 is configured on FXCE Giga by member TAH - tradingathome (Telegram: @tradingathome) of FXCE - EA community through the Giga Collection program.

EU-DCA-M15 executes DCA when the market falls into oversold/overbought conditions as determined based on the RSI 20 indicator. Trades are executed only in the time frame 3:01-18:59 (server time) which ensures signal accuracy and always stopsloss of $1,000 equivalent to 10% of the account.

Trading method

Trading strategy

Buy conditions

  • The candle closes when RSI crosses below 30.

  • The body of the 1st candle is less than 500 points.

  • Total Buy Orders = 0.

  • Time Frame: M15

Sell conditions

  • The candle closes when RSI crosses above 70.

  • The body of the 1st candle is less than 500 points.

  • Total Sell Orders = 0.

  • Time Frame: M15

Risk management and DCA Strategy

  • The first order has a fixed volume and TP: 0.02 lots and 140 points.

  • When the price moves in the opposite with the predicted direction, the EA will execute an additional 10 orders DCA (maximum 11 orders have been calculated including the first order).

  • Fixed volume: 0.04; 0.06; 0.1; 0.14; 0.2; 0.26; 0.34; 0.42; 0.52; 0.62 lots.

  • Fixed Step Size: 85 points.

  • The DCA sequence has a fixed TP for each order of 70, 140, 140, 70, 70, 70, 0 points respectively.

  • Maximum risk for the account: $1000 (corresponding to 10% of the account).

Backtesting results

The EA backtested under the following conditions:

  • Time Frame: M15

  • Backtest period: 01/01/2018-11/12/2022

  • Symbol: EURUSD

  • Balance: $10.000

Backtest settings

TAH EU-DCA-M15 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

5.23

<

6

Enough

 

History Quality

Comparison

Required level

Criteria

100%

>

99%

Met

 

Profit Factor

Comparison

Required level

Criteria

2.4

>

1.5

Met

 

Equity Drawdown

Comparison

15%

Criteria

4.63%

<

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 TAH - tradingathome (Telegram: @tradingathome) of FXCE EA.

  • Used on MT5 FXCE platform

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

  • All backtest results in the article are for reference only; user should backtest with the latest price data before using it.
  • FXCE as well as TAH are not responsible for any loss during use.

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cloud-download-2Download 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
#RSI
#Giga Collection
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