Based on my many years of experience in developing a practical trading model, this EA is also created for my own use, to eliminate human emotional interference and achieve stable profitability.
2.1 AvengingAngel (AA) is only used for US30cash, the Dow Jones Industrial Average Index of USA. The timeframe is fixed in the code, so it can be hung on any timeframe chart.
2.2 The time zone of the platform used must be the same as that of ICmarketsSC platform, which is +3 time zone. Most platforms are consistent.
2.3 It is recommended to start with $1,000, with the most extreme drawdown being over 60%. It can also start from $500, with the most extreme situation resulting in a drawdown of 80%, which is a very small probability event, so it is safe.
2.4 AA is very safe, but in order to achieve rapid appreciation, the code has been adjusted to ensure at least one-fold profits per year, so the corresponding max drawdown will be 40%. As the amount of capital increases, the multiple will decrease, and the safety will be higher.When the account exceeds $30,000 in capital, it will correspond to max drawdown of around 30%, and an annual return of 50%.
3_ Parameter Setting Explanation
The principle of this EA is that the success rate is extremely high, but the win-loss ratio is not good, and there will be one or two loss-stops a year. Therefore, after the loss-stop, we need to increase the lot size to make a comeback. Based on the extremely high success rate, the revenge action can always be successful.
3.1 AvengeGoal: 200 The default 200 is very safe. The larger the number set, the longer it will take to the big lot size, and both gains and risks will grow quickly.
3.2 AvengeMulti: 3 The default 3 is very safe. This is the number of times to multiply the lot size after a loss-stop to take revenge. This parameter should not exceed 10.
3.3 NormalMulti: 1 If you think there will be a long period of time without loss-stop, you can try doubling it, but the operation time of doubling should not exceed 3 months.
3.4 MagicNumber EA's self-identification feature code, just set it to a unique number, it cannot be empty.
In summary, starting with $1,000, the default parameters of 200 and 3 are very safe and ensure a 100% return on investment per year.
If I continue to lower the multiplier within the code, it is easy to achieve a 20% drawdown rate to guarantee a 20% annual return, but will people find it fun?
This EA has a low profit-to-loss ratio, but a very high success rate, so it is suitable for investors who set it up and forget about it. Don't be afraid of large drawdowns, the annual return will tell you that it is well worth it.
