This time, the pound market also shows overwhelming power to take profits: Euro Pound EA Super Lilic for EURGBP

Looking at more than seven years of backtest results, I was overwhelmed by the power that can be described as delivering explosive profits.
The EURGBP, a 5-minute timeframe EA, Super Lilic for EURGBP (Super Lilic Euro Pound) currently has 20 purchasers, but if favorable forward tests continue, we expect the number of users to increase.

Without delay, let's look at the backtest results from March 7, 2019.

Backtest results

The backtests were conducted on MT4 of FX Trade Financial using historical data dating from March 7, 2019, and on OANDA JAPAN MT4. The reason for using OANDA is that FXTF MT4 did not perform well, and the slip parameter is set to the default 3, which seems too small for FXTF MT4.

If the Slip parameter value is changed, you might get good results on FXTF MT4 as well, but I remained committed to testing with the developer Kita Kitsune's settings.

Now, the past article that explains the points to look for in an EAHonestly, How Do You Choose a Superior EA?explains

1. There is a reasonable accumulation of forward results, and the chart is rising to the right

2. Low drawdown (not using averaging down or martingale)3. PF 1.5 or higher

4. Risk-return ratio = total net profit ÷ maximum drawdown

5. Risk-reward ratio = average profit ÷ average loss

First, 1.There is a sufficient accumulation of forward results, and the graph is upward-sloping.

As shown in the figure below, actual performance measurement began on July 28, 2019, so the results mirror the backtest results; however, since this EA trades infrequently, it should be viewed as only a reference.

Actual performance results

2.Low drawdown (not averaging down), but the maximum drawdown is $18,739.78 (about 10.43% of the margin required at the time), which is not a small drawdown.

There is a risk that at the start of operation the capital could be wiped out, but those who are drawn to large profits by holding large positions of 100,000 units per trade should understand this is an EA intended for such users.

3.PF 1.5 or higher

is 1.44, so it can be said to be a modest value.

4. Risk-return ratio = total net profit ÷ maximum drawdown

This value shows how long it took to recover from drawdown; 10.41 (Total profit 195,105.73 ÷ Maximum drawdown 18,739.78) is above the commonly cited threshold of 2.0, and it is an outstanding figure.

Last

5. Risk-reward ratio = average profit ÷ average loss

is 843.54 ÷ 769.32 = 1.09.Average profit 843.54 ÷ Average loss 769.32 = 1.09.

When viewed together with a win rate of 56.69%, it can be seen as an EA that steadily builds profits.

In short, having looked at the five indicators, an EA with a large position size of 100,000 units builds profits with explosive power and wins in a manner that is highly satisfying.

This is an EA to be used with drawdown risk in mind.

Written by Hayakawa