GMMA+ Contrarian RSI EA that places trades during low-drawdown timeframes - Riding the FX waves - Navi+ - GogoJungle | Auto Trading - Market Analysis

Hello today!

This is Satori researching FX.

This time, using GMMA Long to determine trends and RSI to place contrarian trades, I examined the time periods with the smallest drawdown over the last four and a half years for an automated trading tool EA.

“URL of the MT4 Drawdown-Low Timeframe GMMA Trend + Rebound RSI Auto Trading Tool EA USDJPY M5.”
http://fxmt4indicator.abproducts.biz/wp/?page_id=1950

The result is shown in the figure below.

In the figure above, the MT4 tester results are sorted by increasing drawdown.

The top row, i.e., the smallest drawdown, is the 8 o’clock trading results, followed by 15:00, 20:00, 7:00, 6:00, and 22:00, and so on.

The results of trading only during these low-drawdown timeframes are as follows.

The below figure is the balance curve from 2013 over four and a half years, showing data for three of the five EAs with relatively small drawdowns when run at 0.01 lots each.

Trading results for six time periods with small drawdown: 15:00, 8:00, 7:00, 22:00, 20:00, 6:00.

Trading data from a backtest of USDJPY 5-minute chart for three settings across six time periods, from January 2013 over four and a half years.

Trade lots: 0.01
Number of trades: 739
Net profit: 65,128 yen
Maximum drawdown: 12,102 yen
Win rate: 82.81%
Profit factor (gross profit / gross loss) = 1.58
Average win: 290 yen
Average loss: 887 yen

By the way, below is the data for trading only during the most profitable 20:00 timeframe over the same four and a half years, comparing three of the five EAs with relatively small drawdowns when run at 0.01 lots each.

Trading results for the 20:00 timeframe, the most profitable.

USDJPY 5-minute chart, backtest of 4 years and a half from January 2013, with three settings only for the 20:00 timeframe.

Trade lots: 0.01
Number of trades: 177
Net profit: 34,550 yen
Maximum drawdown: 5,655 yen
Win rate: 86.44%
Profit factor (gross profit / gross loss) = 2.74
Average win: 355 yen
Average loss: 827 yen

※If trading only during 20:00, simply change the initial setting OneHourTrade from 15,8,7,22,20,6 to OneHourTrade=20.

※Parameters such as TP, SL, profit-protect, trailing, GMMA trend filter, etc., can be adjusted.

※The only currency is USDJPY, and the timeframe is flexible.

From 4:00 AM to 9:00 AM, spreads are generally wide, but this EA is not a scalping EA, and the maximum tolerable spread is set to 3 pips by default, so it shouldn’t be a major concern.

The currently developed “GMMA Trend + Rebound RSI Automated Trading Tool EA USDJPY M5” trades in six time periods: 15:00, 8:00, 7:00, 22:00, 20:00, 6:00, which have the smallest drawdowns.

Of course, trading times can be freely changed.

Relatively profitable trading times are from 20:00 to 23:00 and from 3:00 to 7:00.

The figure below shows the results sorted by highest net profit in the optimization over the four and a half years.

Also, timeframes are free, GMMA Trend is multi-time-frame configurable, and RSI settings can be multi-time-frame up to five configurations, with five EAs using different magic numbers.

The figure below shows a buy example.