YURAZ_CLOSEPRC_V3_1
This EA trades based on close price analysis, comparing the current bar's close price relative to previous bars to detect momentum shifts. It opens positions when the close price confirms a directional momentum move and manages exits through take profit and stop loss levels. The strategy is a simple price-action momentum system without complex indicator dependencies.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
The strategy concept is based on close price momentum detection, analyzing the relationship between the current bar's close price and previous bars' close prices to determine trading direction. Entry conditions trigger when the close price consecutively stays above or below prior close prices, confirming momentum direction and opening positions accordingly. Exit conditions rely on fixed take profit and stop loss levels without trailing stops or dynamic exit mechanisms. Position sizing uses fixed lot sizes without dynamic adjustment based on account equity or balance. Money management lacks risk-proportion control, with no calculation of optimal position size based on volatility or account net equity. The overall strategy logic is simple and straightforward, but it lacks a market state filter (trend vs range), which can lead to frequent false signals and losing trades during choppy conditions.
Strengths
- Strategy logic is simple and clear, easy to understand and maintain
- Based on pure price action analysis without relying on lagging indicators
- Uses magic number to distinguish orders, avoiding conflicts with other EAs
Weaknesses
- Lacks market state filter, prone to frequent losses in ranging markets
- Fixed lot size without dynamic position management cannot adapt to different account sizes
- No trailing stop mechanism, potentially allowing profitable trades to retrace significantly
- Fixed TP/SL settings do not account for market volatility changes
- Lacks new bar check, potentially opening repeated positions on the same bar
Possible improvements
- Add a trend filter (e.g., moving average or ADX) to avoid trading in ranging markets
- Implement dynamic position sizing based on account risk percentage
- Add trailing stop and dynamic TP/SL mechanisms based on ATR
Risk assessment
Overall risk: Medium
- Lack of new bar check may cause repeated position opening on the same bar
- Fixed TP/SL does not account for market volatility, stops may be insufficient during extreme moves
- No maximum position or maximum drawdown limits
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Fixed trade lot size |
TakeProfit | 500 | Take profit in points |
StopLoss | 500 | Stop loss in points |
BarsToAnalyze | 3 | Number of bars to analyze |
MagicNumber | 12345 | EA magic number for order identification |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.