WOC modify 04 advisor
ForTrader.org's lab, we were offered the following for review expert WOC modify 04. This is a fast pipsing robot, the basis of whose algorithm is fast quoting and price changes. The idea, in itself, deserves attention and the balance chart confirms it, but it is not suitable for every broker. Let's see what we can do.
Description of EA WOC modify 04
So, at the heart of it. expert WOC modify 04 entrusted scalping trading strategywhich takes advantage of sharp price spikes by placing orders in the direction in which the last characteristic movement occurred.
WOC modify 04 advisor opens positions by counting ticks in the desired direction at the desired speed. The Speed parameter sets the value of the price "shot" in points, and timeSpeed - the time in seconds for which this change occurred. For example, if timeSpeed=3 and Speed=6, the WOC modify 04 Expert Advisor will compare the price change for the last 3 seconds. If it turns out that the price has increased or decreased by 6 or more points, a buy order (in case of growth) or a sell order (in case of price decrease) will be opened.
Important! The time of EA in a position, most of the time is less than 2 minutes, the submission of quotes should also be fast enough, and spread - low, so it will not be suitable for every broker. It is recommended to use ECN accounts.
There are no clear recommendations on currency pairs for the WOC modify 04 Expert Advisor. The ForTrader.org laboratory decided to test the Expert Advisor on the most liquid currency pairs EURUSD and GBPUSD.
Testing conditions of the Expert Advisor WOC modify 04
The company: Gamma Markets LTD
Terminal: MetaTrader 4
Deposit: 1000$
Account type: real
Currency pair: EURUSD, GBPUSD
Timeframe: М5
Expert's office hours24/7
Backtest: 2010-2011
Start of testing: 28.05.2013
Testing of Expert Advisor WOC modify 04
Results of testing WOC modify 04 on EURUSD for 2010:
Download the results of testing the Expert Advisor on EURUSD WOC modify 04 for 2010
Initial deposit: 1000$
Net income: 3724.50$
Maximum drawdown: 56.50 (2.48%)
Average profitable trade: 10.77
As we can see, even with a relatively small annual profit, the Expert Advisor gives a very small drawdown. Therefore, it is possible to combine its work with one or more currency pairs. Let's take a look at the results of GBPUSD.
Results of testing WOC modify 04 on GBPUSD pair for 2010:
Download the results of testing the Expert Advisor on GBPUSD WOC modify 04 for 2010
Initial deposit: 1000$
Net income: 6134.70$
Maximum drawdown: 48.00 (1.90%)
Average profitable trade: 10.19
The results of the expert's work on the pound were even more attractive. Let's see what the strategy for 2011 will show us.
WOC modify test results on EURUSD 04 for 2011:
Download the results of testing the WOC modify 04 Expert Advisor on EURUSD for 2011
Initial deposit: 1000$
Net income: 4332.74$
Maximum drawdown: 34.50 (1.28%)
Average profitable trade: 12.45
Results of testing WOC modify 04 on the GBPUSD pair for 2011:
Download the results of testing the Expert Advisor on GBPUSD WOC modify 04 for 2010
Initial deposit: 1000$
Net income: 2693.50$
Maximum drawdown: 35.20 (3.07%)
Average profitable trade: 11.79
As we can see, the Expert Advisor shows quite stable results, however, there is a well-established opinion that they are good only in the strategy tester, because in fact such conditions do not occur in the market. We have everything we need to verify this opinion. We will follow the results of the WOC modify 04 Expert Advisor.