In January 2018, the best-performing EA was... this one that earned +1520 pips in a single month!
January 2018 saw the yen strengthen.
In January, the EA with the best profitability was…
Ta-da！
Though still relatively unknown, it achieved a 131% return in just six months of operation
'Platearmor2_USDJPY'
It was!
In January, surprisingly,+1520 pips gained in a single month!
What kind of EA is it!?
Currency pair: [USD/JPY]
Trading style: [Day trading]
Maximum number of positions: 4
Maximum lot size: 0.1
Timeframe used: H1
Maximum stop loss: 1000
Take profit: 70
Trend-following day-trading EA
The number of positions varies between 1 and 4 depending on the trend determination of the entry logic
Positions are not carried over day-to-day or week-to-week
All trades are settled within the same day
Hmm... the maximum stop loss being 1000 is a concern, though,
What would be the maximum drawdown (DD) in the backtest?
2005.01.07-2016.06.30
0.1 lot fixed; spread 0.7 pips
Net profit: ¥3,087,640
Total trades: 7,314
Maximum drawdown: ¥239,990
Profit Factor: 1.32
Win rate: 59.86%
Average gain: ¥2,922
Average loss: -¥3,305
In eleven and a half years, it has earned ¥3,000,000, which is around 30,000 pips.
So,an average of about 2,500 pips per yearis being earned!
Monthly and yearly P/L are here
There is variability in yearly profits. With a five-year average, around +26% annual return, which I think is a superb return.
With 0.1 lot (4 positions), the maximum DD is ¥240,000, so having about ¥1,000,000 in account funds would be reassuring.
That’s all—discovered! A good EA♪
