DCA
USDCAD-BB-H1 - DCA following the Fibonacci arithmetic sequence rule with Bollinger Bands and candlestick structure
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soantown
3 min read
15/11/2023
15
0
0

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.

 USDCAD-BB-H1 on FXCE MT5

You can follow the trading results of USDCAD-BB-H1 on FXCE Social Trading Platform at This.

Trading method of USDCAD-BB-H1

Strategy

Buying Conditions

  • Total Buy orders = 0

  • Candle 1 and candle 2 are below the lower line of the BB indicator (50)

  • Candle 1 is a green candle with the candle body accounting for >50% of the candle length

  • Candle body 1 > Candle body 2

  • The closing price of candle 1 is below MA 50 (Middle BB H1)

Selling Conditions

  • Total Sell orders = 0

  • Candles 1 and 2 are above the upper line of the BB(50) indicator.

  • Candle 1 is a red candle with the candle body accounting for >50% of the candle length

  • Candle body 1 > Candle body 2

  • The closing price of candle 1 is above MA 50 (Middle BB H1)

Risk management

First command

  • Fixed volume: 0.01 lot

  • Take Profit: 800 points

DCA Strategy

  • DCA up to 9 steps

  • Step Size:  theo mode user defined: 450;450;450;800;950;550;200;1300

  • Order volume: DCA according to Fibonacci progression: 0.01;0.02;0.03;0.05;0.08;0.13;0.21;0.34

  • TP according to mode user defined: 700;1500;1000;1700;1300;1300;2500;1300

  • Max Risk: 4% of EAs automatically close all signals and 15% of EAs will stop working.

Backtest results

EA backtested under the following conditions:

  • Time Frame:H1

  • Backtest time: 01/01/2021 - 09/09/2023

  • Symbol: USDCAD

  • 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:

  • Drawdown recovery period = EDD * Số tháng Backtest / Total Net Profit

  • History Quality ≥ 99%

  • Profit Factor ≥ 1,5

  • 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.fxce.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

  • EA by members soantown (Telegram: @sonnv84) belongs to FXCE EA shares for free.

  • Use on the MT5 FXCE platform.

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

  • Neither FXCE nor soantown members are responsible for any loss of money 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 at 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
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