New set EURUSD H1 with grid using new feature of individual order BE

Files:
Smoothed_RSI.ex5 (need to be placed in the Indicators folder)
Seven_EURUSD_H1_v1.set

This set is based on an old strategy I ran in the past with another EA which became obsolete. The strategy was called "Seven FX", so I named the set after it.

With the new feature of break even per individual order, the Seven FX strategy could be replicated in the CP (version 2.53.1).

The version of RSI used is smoothed, so as to give less false signals. The indicator is used twice in the custom indicator slots.

The entry signal is given when the price is distant 40 pips from a MA (Hull MA) and inside the Smoothed RSI zone (70/30). The signal to open Martingale orders is given only by the second Smoothed RSI but using the zone at 80/20 levels (more strict). Martingale order volume is calculated by distance x coefficient. I ran the BT using FP Markets account for which the coefficient is 1000. Please check if this is OK for your broker.

Below is the report for the 4 first months of 2023. Further backtest should be done for longer periods.

Sorry the above is in Portuguese but I guess you can identify the main results. Capital 1000 USD, leverage 1:500, Every Tick BT Method.

The strategy is supposed to be run in several pairs, with LOW CORRELATION between them. Running correlated pairs with this strategy is the fastest way to break your account. I also recommend a broker with low spreads and/or a Cents account.

In my opinion what still needs to be done to optimize this setup:

- Run the BT in different brokers;
- Run BTs for longer periods;
- Choose other pairs with low correlation with EURUSD and adjust the parameters for them (noticeably the distance from the MA, the BE for individual orders, trailing stop);

- Test other types of distance calculation  from the MA, specifically the ATR method, and optmize it.
- Optimize the trainling stop (for the first order)
- Add another entry signal which is the RSI rising/decreasing so as to surf the trend a bit after the reversal and to help close partials.

I count on you to help doing the above and improve the strategy.
  

Enjoy!

Rubens