Reply To: Description of Price Action Engulfing Candles Strategy

Forums Strategies and Expert Advisors Price Action Engulfing Candles EA Description of Price Action Engulfing Candles Strategy Reply To: Description of Price Action Engulfing Candles Strategy

#4522
Dominik
Administrator

Hi! I’ll show you how result of optimization looks like when we switch on/off Mondays and Fridays.

That example below is for EURUSD pair on M5 timeframe.

Second result on the list (pass number 1) is the best… why? Mondays and Fridays are excluded from trading plan, so number of total trades is the lowest (so the commission for a broker also), profit factor is over 2 times higher than in first result on the list (when system trades also on Fridays, pass number 3). Drawdown is acceptable in this case, because on this example used lot size was higher than standard. Test was made on period: 2000-2016.