XAUUSD ReTracer - MA Angle + Retracement Detection
Hello everyone
I am now trying out CP EA to automate some of my manual trading strategies.
This one aims at catching retracements inside a trend and my current idea is to do this with a combination of MA angle and a large reversion candle.
Money and trade management is still somewhat primitive with a fixed risk per trade and an optimized break-even setting.
After initial development and first optimizations, results are encouraging with almost 2000% across the last two years without grid or Martingale. I even employed an anti-Martingale in my current V1.
However, consistency and winrate are still somewhat all over the place. But I do see tons of potential here. We could:
- Improve the winrate by careful optimization of entry parameters,
- Integrate a proper money management using e.g. an account-wide hard-stop (I would definately integrate this before going live),
- Integrate a time filter in order to negate the rather unprofitable nightshift (see backtest),
- While I am a rather cautious type in that regard, I do know that you guys like your Martingale ;-) feel free to experiment, I would at least be curious about what's possible,
- My first attempts to integrate a trailing stop have failed. But since I am still a noob in this EA, perhaps you have more success,
- We could consider fractal entries with individual TPs and BE,
- I believe this strategy will also work in different timeframes and symbols. Ideally, we can get tons of high-quality entries in order to use our available margins ins an optimal way.
Looking forward to your feedback!
Feel free to expand, optimize - and most of all: enjoy! :-)
Best regards
Andreas
Great! Thanks for sharing!