"Follow the big fish"
This is the slogan for this EA, and it describes the strategy as a trend following EA. It appears to operate on the EURUSD 15 min. time frame. It opens a position when the market establishes a true direction.
It has 2 sub-strategy:
- Main strategy has a 15 pips hard TP with 45 pips hard SL, equipped with dynamic SL if the market doesn't go in the appropriate direction. This strategy contains the 90% of the trades.
- Small strategy needs a smoother market movement and has 6 pips hard TP with 22 pips hard SL. This strategy contains the 10% of the trades.
Lot size is based on equity AND market movement. This tells me that the risk will vary based on price action.
What about a LIVE forward account?
Yup we can follow this account below;
What about a backtest?
Time: 2003.05.05 - 2013.10.01
Fix spread: 1 pip
Starting Balance: 10,000
Finish Balance: 2,633,039.06
Maximal Drawdown: 26.58%
Profit factor: 1.63
Total trades: 1645
Longs won: 76.09%
Shorts won: 77.98%
The backtest is a tick data backtest as well. Let's see how the above LIVE account pans out over the next few weeks to determine its worth. Face value tells me this one has a lot of potential. At time of writing it is unclear what the cost will be. Also I cannot determine how many accounts we can trade with this.
