Hello everyone,
This is my first post on this platform, and I want to start by saying that I have created an EA called OPEN MARKET with the aim to obtain annual returns in a safe and stable manner, controlling risk and guaranteeing relatively low drawdown averages, which are always equal to or less than the profitability achieved each year.
The results have been achieved on the 15-minute timeframe (M15) both in backtesing, demo and real mode, and its strategy is based fundamentally on the breakouts of the range generated in the Asian session from the opening of the European market ( London).
I have created an EA called OPEN MARKET with the objective of obtaining annual returns in a safe and stable way, controlling the risk and guaranteeing relatively low average drawdowns, always equal to or less than the profitability achieved each year.
The backtesting tests were carried out year by year from 2016 to 2022 in the EURUSD currency pair, in addition to being placed and tested in Demo accounts for more than 2 years and a Real account for at least 1 year working perfectly well and with expected results. in both modes, and where other correlated pairs such as GBPJPY, AUSUSD and NZDUSD are also traded with similar results.
The 7 years of backtesting carried out show an average annual return of 28% with an average drawdown of 6%, based on historical data with a leverage of 1:500.
It should be noted that although the backtesting carried out with historical results leveraged 1:100 yields satisfactory results, the profitability/drawdown ratio decreases a bit.
It should be noted that the data to which we refer refer to annual averages, so there can and are higher and lower peaks when the results are analyzed on a monthly basis.
Another important aspect to take into account is that as part of the operation, the strategy carries out loss compensation mechanisms, which, although it is not exactly a martingale, can sometimes require a sufficient margin. That is why we recommend trading this EA with a leverage of no less than 1:100.
This is my first post on this platform, and I want to start by saying that I have created an EA called OPEN MARKET with the aim to obtain annual returns in a safe and stable manner, controlling risk and guaranteeing relatively low drawdown averages, which are always equal to or less than the profitability achieved each year.
The results have been achieved on the 15-minute timeframe (M15) both in backtesing, demo and real mode, and its strategy is based fundamentally on the breakouts of the range generated in the Asian session from the opening of the European market ( London).
I have created an EA called OPEN MARKET with the objective of obtaining annual returns in a safe and stable way, controlling the risk and guaranteeing relatively low average drawdowns, always equal to or less than the profitability achieved each year.
The backtesting tests were carried out year by year from 2016 to 2022 in the EURUSD currency pair, in addition to being placed and tested in Demo accounts for more than 2 years and a Real account for at least 1 year working perfectly well and with expected results. in both modes, and where other correlated pairs such as GBPJPY, AUSUSD and NZDUSD are also traded with similar results.
The 7 years of backtesting carried out show an average annual return of 28% with an average drawdown of 6%, based on historical data with a leverage of 1:500.
It should be noted that although the backtesting carried out with historical results leveraged 1:100 yields satisfactory results, the profitability/drawdown ratio decreases a bit.
It should be noted that the data to which we refer refer to annual averages, so there can and are higher and lower peaks when the results are analyzed on a monthly basis.
Another important aspect to take into account is that as part of the operation, the strategy carries out loss compensation mechanisms, which, although it is not exactly a martingale, can sometimes require a sufficient margin. That is why we recommend trading this EA with a leverage of no less than 1:100.