Many traders prefer to work actively on the market, like to keep abreast of the news, constantly test the trading systems and new ideas. And there is a forex traders who are more comfortable to be investors – to invest in the PAMM, use signals, copying trades, i.e. invest in the intellectual work of professionals. Presenting your attention the EA Asia, which is an excellent solution, that is suitable for both active traders and moderate investors, due to its outstanding results in many years of tests and in actual accounts. In this article, we will test EA Asia on several pairs and evaluate the results.
Сharacteristics of EA Asia
Currency pairs: GBPUSD, USDJPY, GBPCAD, GBPCHF, EURGBP, EURCHF, USDCAD, USDCHF
Trading Time: Asian session
Current EA version: 1.4
Strategy of the EA Asia
EA Asia is a trend scalper. It opens positions in pullbacks from the main trend. It can also apply ltering signals from the indicator channel based on volatility. Closure orders could be due to the Stop Loss, Take Pro t, or a built-in indicators of EA, or if there are padding on the borders of channels of the corresponding indicator; possibly time limit trade.
EA Asia does not use martingale and grid of orders, but can be used “Mode Recovery”, i.e. trading larger lot (depending on the set- les).
EA is a stable and pro table forex robot, which is designed to work in a variety of market conditions, on many years of pro table trading.
Backtests of EA Asia
Backtests are made for each pair individually, as Metatrader 4 is not intended for multi tests.
The rst series of tests is made of xed lot. This allows you to evaluate the test results excluding money management:
The second series of tests to make dynamic (proportional) lot. This allows to evaluate the test results, taking into account money management:
EA to trade by proportional lot on 8 pairs show very steady growth in pro ts without signi cant drawdowns.
Attention! In this Expert Advisor settings signi cantly affect on the trading results, use the recommended set- les (see archive at the end of this article).
MaxSpread (default value: -1.0) – the default maximum allowed value of the spread is provided by our server, but if you want to use your own value, then you can enter a positive value for the MaxSpread parameter.
Auto_GMT (default value: true) – this parameter controls the GMT Offset calculation method. In most of the cases, the automatic GMT value is correct. However, in some cases, you may need to enter the GMT Offset by yourself. In this case, switch Auto_GMT to FALSE and enter the value you need in the Manual_GMT_Offset parameter.
Calculate_DST (default value: true) – activates the automatic DST (Daylight Saving Time) correction.
Manual_GMT_Offset (default value: 2) – in case you switch to
Auto_GMT=FALSE, the value of this parameter should be the right GMT Offset of your broker (usually, the winter GMT offset). As well, in case you perform a backtest, you should enter here the correct GMT Offset for the historical data you use – otherwise, the backtest will be incorrect.
TicksTrade (default value: false) – this is an experts-only parameter, which activates execution on the trading logic on every price tick. By default, Wallstreet ASIA operates on M1 bar closing. All optimizations and tuning we made are based on M1 bar closing, so we do not recommend switching ON the TicksTrade mode, unless you are an expert capable in making your own 100% real tick tests and optimizations. However, the TicksTrade mode could provide very aggressive and pro table trading, but this depends a lot on the broker’s trading conditions.
Channel_Period (default value: 0) – the period of the custom, volatility based channel indicator. The default value is zero, which means that the value provided by our server will be used.
Entry_Break (default value: 0) – break in pips of the channel border, which will trigger an opposite order execution. The default value is zero, which means that the value provided by our server will be used.
Exit_Distance (default value: 0) – break in pips of the channel border, which will trigger a closure of the existing order. The default value is zero, which means that the – 20 – value provided by our server will be used.
Exit_DistanceM1 (default value: 0) – break in pips of the channel border on M1 timeframe, which will trigger a closure of the existing order. The default value is zero, which means that the value provided by our server will be used.
Start_Trade_Hour (default value: -1) – the hour of the day (GMT 0) in which trading will be enabled. The default value is -1, which means that the value provided by our server will be used.
End_Trade_Hour (default value: -1) – the hour of the day (GMT 0) in which trading will be disabled. The default value is -1, which means that the value provided by our server will be used.
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