Envelope Counter-Trend EA (Profit/Loss Curve for Each Currency)
Previous article discussed the difference in profit and loss when using one envelope versus eight envelopes. In all the currency pairs tested in the past articles, the EA that was backtested used EURUSD.
The currencies I primarily trade, in addition to EURUSD, are USDJPY, EURJPY, GBPUSD, and GBPJPY.
After outlining the characteristics and strategies of each currency, let's look at the backtest results of the envelope mean reversion EA over the past five years.
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