MetaTrader 4 MT4 Expert Advisors EMAplusWPR – EA MetaTrader 4

EMAplusWPR – EA MetaTrader 4

ACTUAL VERSION :

Expert advisor that trade in the trend of EMA and buy/sell signals get from Williams %R

I have tried to create an Expert advisor that could by traded with 1000 EUR starting equity and to minimize the drawdown. Hope you like it. I appreciate every feedback.

Inputs EMA, iWPRPeriod are optimized for EURUSD 5M

TakeProfit = 200;

maxStopLoss=50;


maxLots = 0.1; // max lots per position

maxContracts = 2; // max open positions, 2 is optimal for smoother equity


EMA=144; // EMA to determine trend

iWPRPeriod=46; // Williams’ Percentage Range to determine buy/sell signals

Test is without position sizing, 0.1 lot size

Strategy Tester Report
EMAplusWPR
XTrade-MT4 Demo (Build 225)

Symbol EURUSD (Euro vs US Dollar)
Period 5 Minutes (M5) 2010.01.04 00:00 – 2011.02.01 23:55 (2010.01.01 – 2011.02.02)
Model Every tick (the most precise method based on all available least timeframes)
Parameters TakeProfit=200; maxStopLoss=50; maxLots=0.1; maxContracts=2; EMA=144; iWPRPeriod=46;
Bars in test 59026 Ticks modelled 7365768 Modelling quality n/a
Mismatched charts errors 8220
Initial deposit 1000.00
Total net profit 1624.88 Gross profit 4601.32 Gross loss -2976.44
Profit factor 1.55 Expected payoff 3.90
Absolute drawdown 27.02 Maximal drawdown 331.92 (13.99%) Relative drawdown 13.99% (331.92)
Total trades 417 Short positions (won %) 198 (71.21%) Long positions (won %) 219 (75.80%)
Profit trades (% of total) 307 (73.62%) Loss trades (% of total) 110 (26.38%)
Largest profit trade 45.15 loss trade -39.67
Average profit trade 14.99 loss trade -27.06
Maximum consecutive wins (profit in money) 20 (273.90) consecutive losses (loss in money) 5 (-118.47)
Maximal consecutive profit (count of wins) 326.41 (15) consecutive loss (count of losses) -153.43 (4)
verage consecutive wins 5 consecutive losses 2
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To use my position sizing increase the maxLots size

For position sizing I use the following code:

Ilo=0.1* MathSqrt((AccountBalance()) / 300);

Lots=NormalizeDouble(Ilo, 1);

if (Lots<0.1) Lots=0.1;

if (Lots>maxLots) Lots=maxLots;

Strategy Tester Report
EMAplusWPR + position sizing
XTrade-MT4 Demo (Build 225)

Symbol EURUSD (Euro vs US Dollar)
Period 5 Minutes (M5) 2010.01.04 00:00 – 2011.02.01 23:55 (2010.01.01 – 2011.02.02)
Model Every tick (the most precise method based on all available least timeframes)
Parameters TakeProfit=200; maxStopLoss=50; maxLots=5; maxContracts=2; EMA=144; iWPRPeriod=46;
Bars in test 59026 Ticks modelled 7365768 Modelling quality n/a
Mismatched charts errors 8220
Initial deposit 1000.00
Total net profit 4629.01 Gross profit 14103.33 Gross loss -9474.32
Profit factor 1.49 Expected payoff 11.10
Absolute drawdown 54.04 Maximal drawdown 1293.48 (27.32%) Relative drawdown 27.32% (1293.48)
Total trades 417 Short positions (won %) 198 (71.21%) Long positions (won %) 219 (75.80%)
Profit trades (% of total) 307 (73.62%) Loss trades (% of total) 110 (26.38%)
Largest profit trade 176.09 loss trade -154.73
Average profit trade 45.94 loss trade -86.13
Maximum consecutive wins (profit in money) 20 (547.80) consecutive losses (loss in money) 5 (-554.73)
Maximal consecutive profit (count of wins) 1237.52 (15) consecutive loss (count of losses) -554.73 (5)
Average consecutive wins 5 consecutive losses 2
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