Waka Waka EA (By MischenkoValeria)
Gain : | +8195.15% |
Drawdown | 70.24% |
Pips: | 12216.2 |
Trades | 4170 |
Won: |
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Lost: |
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Type: | Real |
Leverage: | 1:300 |
Trading: | Automated |
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Waka Waka EA Discussion
Member Since Dec 29, 2021
1 posts
Member Since Dec 13, 2023
32 posts
Member Since Feb 03, 2024
18 posts
Member Since Sep 12, 2022
1 posts
May 01 at 17:29
Member Since Sep 12, 2022
1 posts
Might find the Breakout or Trend Following EAs are performing well in this kind of market activity.
Martingale EAs get hurt when there is a prolonged move without any retracement. eg the recent AUDNZD. activity.
Very important to understand the profit distribution of any strategy. Martingale / mean-reversion type have a Negative Skew (lots of small winners but a small number of LARGE losers). Unfortunately this type of EA/Strategy appeals to retail traders who want to see profits immediately and continually. Some quants refer to Mean Reversion strategies as 'accidents waiting to happen'.
Breakout type EAs/strategies are Positively Skewed (large number of small losses and small number of large wins that more than compensate) . They also require more patience, tolerance and confidence in the strategy.
There is a right time and right market to trade each type of EA/Strategy, it is really up to the skill of the trader to make this determination.
It is important to study the above characteristics of any EA before deploying it. Also, the worse time to deploy it might be after it has had a long profitable run. Market activity works in cycles and the longer you have profited from one type, the closer you are getting to the inevitable shift to the next phase.
Martingale EAs get hurt when there is a prolonged move without any retracement. eg the recent AUDNZD. activity.
Very important to understand the profit distribution of any strategy. Martingale / mean-reversion type have a Negative Skew (lots of small winners but a small number of LARGE losers). Unfortunately this type of EA/Strategy appeals to retail traders who want to see profits immediately and continually. Some quants refer to Mean Reversion strategies as 'accidents waiting to happen'.
Breakout type EAs/strategies are Positively Skewed (large number of small losses and small number of large wins that more than compensate) . They also require more patience, tolerance and confidence in the strategy.
There is a right time and right market to trade each type of EA/Strategy, it is really up to the skill of the trader to make this determination.
It is important to study the above characteristics of any EA before deploying it. Also, the worse time to deploy it might be after it has had a long profitable run. Market activity works in cycles and the longer you have profited from one type, the closer you are getting to the inevitable shift to the next phase.
Member Since May 01, 2024
1 posts
May 02 at 05:29
Member Since May 01, 2024
1 posts
Signals365 posted:Kindly explain the breakout strategy please?
Might find the Breakout or Trend Following EAs are performing well in this kind of market activity.
Martingale EAs get hurt when there is a prolonged move without any retracement. eg the recent AUDNZD. activity.
Very important to understand the profit distribution of any strategy. Martingale / mean-reversion type have a Negative Skew (lots of small winners but a small number of LARGE losers). Unfortunately this type of EA/Strategy appeals to retail traders who want to see profits immediately and continually. Some quants refer to Mean Reversion strategies as 'accidents waiting to happen'.
Breakout type EAs/strategies are Positively Skewed (large number of small losses and small number of large wins that more than compensate) . They also require more patience, tolerance and confidence in the strategy.
There is a right time and right market to trade each type of EA/Strategy, it is really up to the skill of the trader to make this determination.
It is important to study the above characteristics of any EA before deploying it. Also, the worse time to deploy it might be after it has had a long profitable run. Market activity works in cycles and the longer you have profited from one type, the closer you are getting to the inevitable shift to the next phase.
May 06 at 07:29
Member Since Mar 05, 2024
5 posts
Rhy0618 posted:It already went bust. The new deposit saved the account for now but the underlying problem stays the same. Martingale Ea's will go bust once the trend does not revert. Even more on pairs with high swap costs.
If this EA will survive, then definitely this EA will be very promising and reliable that traders should definitely have.
This EA is a fraud because of the new deposit. Stay clear.
Member Since Dec 13, 2023
32 posts
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