EURGBP range reversal trading with an annual return of +250% "HL Range Trade"
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Trade only during the calm market times,
to perform reliable range-reversal trades
“HL Range Trade”
Operating currency pair: EURGBP is a distinctive feature!
Because it trades with a single position, it’s also suitable for compounding.
An average of 38 trades per month, so the number of trades is ample.
In 2 months of operation, +100,000 yen, with 170 pips gained,
the maximum drawdown during the period is -11% (39,000 yen)
and it's off to a strong start!
【HL Range Trade Features】
This is a range-reversal trading EA that targets ranges formed during calm market periods.
The fact that the currency pair is EURGBP is a trading logic that makes good use of the characteristics of this currency pair.
That's probably why.
【Let's look at actual trades!】
It enters reversals skillfully when the market is in a small range!
Of course there are times when it deviates from the range-reversal approach,
Backtesting + forward testing showsa win rate of about 65–70%.
【Low-risk compounding settings】
Default parameters are set for compounding (fixed lot size is also possible).
Risk tolerance can be set with parameters, but
risk tolerance = 2.0
In backtests for 1 year and 5 years,the maximum drawdown is about 23%, so
with the default settings you can operate it very safely.
（Backtest for the 2016 fiscal year）
Increasing these figures further is, of course, possible, but please confirm the risk with backtests before changing the parameters.
What stands out is its annual yield!
In the 2016 fiscal year, over 1 year, from 1 million yen to 2.7 million yen,a +270% increase!
In a 5-year backtest, from 1 million yen to 12 million yen,a +1200% increase!
Since it's compounding, as the number of years increases, the profit growth rate becomes steeper, but
even the annual increase in profit alone is quite substantial.
【Operational cautions】
• EURGBP, so watch the spread (ideally 2 pips or less)
• GMT+2 in summer time and GMT-3 in winter time on MT4 is recommended (GMT cannot be set via parameters, so operation on MT4 other than this is not recommended)
• Verified with Rakuten MT4 (backtest) and Oanda (forward)
Because this is a rather unusual currency pair and trading logic,
it is also good to operate as a hedge for trend-following-type EAs and major currency EAs
.
That was an introduction to an EA you're curious about!
(The product icon is cute ლ(╹◡╹l))
