a little backtest-result
this funny EA interested me, because this EA opens a trade only in the first 3 minutes of a day, and not on mondays or fridays.
with EURUSD 5 Minutes Chart I made a backtest 2006/08/17-2009/08/17.
(results have modelquality 90%)
in these three years this EA made 89 trades (80 win trades, 9 loss trades)
it was set on default with takeprofit 8 pips, stoploss 51 pips, and at the end of each day an open trade was closed automatically by this EA, if takeprofit or stoploss didnt happened.
with a 10.000Dollar accout and 0.1 Lot fixed trading size (no money management in this EA) there is a profit of 250 Dollars after these 3 years (710 Dollars profits and 460 Dollars losses), but this profit is a result of the last 9 months only. In the first 2 years profits and losses are almost the same.
maximum drawdown: 164 Dollar or 1.6% (remember I used 0.1 lot at 10.000 Dollar account, with 1 Lot it would have been 1640 Dollar or 16%)
average number of win trades after each other: 8
maximum number of win trades after each other: 22
maximum number of loss trades after each other: 1
(interesting for moneymanagement)
My personal result: Its a really funny EA for people who need an EA which does his entry in the market in 3 minutes a day from tuesday to thursday, if conditions are good.
The work of this EA could be done manual too.
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16th July 2009, 09:10
Linear Mode
