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Introduce
USDCAD-BB-H1 configured on FXCE Giga by member soantown (Telegram: @sonnv84) of FXCE - EA community.
The EA trades the USDCAD pair on the H1 frame according to the DCA risk management algorithm with order entry conditions based on the Bollinger Band indicator and candle structure.
The special point comes from the DCA series of Fibonacci arithmetic progressions, note: Due to the long TP characteristics, it leads to a long order holding time.
You can follow the trading results of USDCAD-BB-H1 on FXCE Social Trading Platform at here.
Trading method of USDCAD-BB-H1
Strategy
Buying Conditions
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Total Buy orders = 0
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Candle 1 and candle 2 are below the lower line of the BB indicator (50)
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Candle 1 is a green candle with the candle body accounting for >50% of the candle length
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Candle body 1 > Candle body 2
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The closing price of candle 1 is below MA 50 (Middle BB H1)
Selling Conditions
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Total Sell orders = 0
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Candles 1 and 2 are above the upper line of the BB(50) indicator.
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Candle 1 is a red candle with the candle body accounting for >50% of the candle length
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Candle body 1 > Candle body 2
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The closing price of candle 1 is above MA 50 (Middle BB H1)
Risk management
First command
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Fixed volume: 0.01 lot
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Take Profit: 800 points
DCA Strategy
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DCA up to 9 steps
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Step Size: theo mode user defined: 450;450;450;800;950;550;200;1300
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Order volume: DCA according to Fibonacci progression: 0.01;0.02;0.03;0.05;0.08;0.13;0.21;0.34
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TP according to mode user defined: 700;1500;1000;1700;1300;1300;2500;1300
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Max Risk: 4% of EAs automatically close all signals and 15% of EAs will stop working.
Backtest results
EA backtested under the following conditions:
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Time Frame:H1
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Backtest time: 01/01/2021 - 09/09/2023
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Symbol: USDCAD
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Balance: $79000
Set up Backtest for USDCAD-BB-H1
Backtest results of USDCAD-BB-H1
We will evaluate the backtest results based on 4 criteria:
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Drawdown recovery period = EDD * Số tháng Backtest / Total Net Profit
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History Quality ≥ 99%
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Profit Factor ≥ 1,5
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Equity Drawdown ≤ 15%
Drawdown recovery period |
Compare |
Number of months |
Criteria |
2.2 |
< |
6 |
Obtain |
History Quality |
Compare |
Required level |
Criteria |
100% |
> |
99% |
Response |
Profit Factor |
Compare |
Request |
Criteria |
104.99 |
> |
1.5 |
Response |
Equity Drawdown |
Compare |
15% |
Criteria |
0.81 |
< |
15% |
Response |
See more about Backtest evaluation instructions: https://ea.fxceltd.com/post/huong-dan-danh-gia-ket-qua-backtest_636a2d4e56a5ec0001ade8e3
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
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EA by members soantown (Telegram: @sonnv84) belongs to FXCE EA shares for free.
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Use on the MT5 FXCE platform.
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All trading and exchange activities in any form are not allowed.
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Neither FXCE nor soantown members are responsible for any loss of money during use.
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Download the EA config here.
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How to use EA configuration files
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Detailed instructions on how to use EA from the Giga EA library at this.
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After downloading the config file, copy it to the folder to save the config file of FXCE Giga.
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To access the folder where the config file is saved, go to FXCE Giga and select the menu File > Open Data Folder.
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Afterward load file config into FXCE Giga is possible backtest or forward test.
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