Simple FX
Simple FX is a trend-following EA that uses moving average crossovers to determine market direction and generates trade signals when fast and slow moving averages cross. It enters long positions when the fast MA crosses above the slow MA and short positions on the reverse cross, with basic stop loss and take profit management. The EA is designed for simplicity and ease of use on major currency pairs across multiple timeframes.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
| Symbol | P&L | Annual | Max DD | Trades | Win rate | Sharpe | Recovery | Losing streak | Per trade | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| EURUSD | -0.27% | -0.24% | 3.79% | 110 | 48.60% | — | — | — | — | Same as other EAs |
| GBPUSD | +6.63% | +5.74% | 3.89% | 108 | 51.90% | — | — | — | — | Same as other EAs |
| USDJPY | +2.10% | +1.82% | 4.75% | 99 | 49.50% | — | — | — | — | Same as other EAs |
| XAUUSD | +1.98% | +1.63% | 52.23% | 105 | 50.00% | — | — | — | — | Same as other EAs |
On every market this backtest is identical to EA-16787, EA-17274, EA-17489, EA-17741, EA-19089, EA-20222, EA-20527, EA-22465 and others. The automatic conversion almost certainly lost what makes this EA different (a custom indicator, a filter or the money management), so these results are not ranked or counted.
Converted from MQL5 to Python and run with the same rules for every EA. Positions use MT5 lot sizes (100,000 units per FX lot, 100 oz per gold lot) with 1:100 leverage, one order at a time, and a stop-out below 10% of the starting balance. Sharpe is computed from the equity curve. Results marked as unreliable are shown for completeness only.
Blow-up risk: No blow-up pattern found
None of the usual blow-up patterns were found in the code, and the account was not stopped out in our backtests. That is not a guarantee: any EA can lose money.
High: stopped out in our backtest, or martingale/grid sizing without a stop loss. Elevated: martingale or grid sizing with a stop loss, or several positions at once without a stop loss. What the label means and what we found →
Strategy analysis
The core strategy of this EA is a dual moving average crossover system, which is a classic trend-following approach. Entry conditions are based on the crossover of a fast moving average and a slow moving average, going long on a golden cross and short on a death cross. Exit conditions rely on stop loss and take profit parameters, closing positions when price hits these levels, and potentially on reverse crossover signals. Position sizing is typically based on a fixed lot parameter or a simple money management formula. In terms of money management, the EA may offer dynamic lot calculation based on account balance, but the core logic remains relatively simple. This strategy performs well in trending markets but is prone to frequent false signals and consecutive losses in ranging or choppy markets.
Strengths
- Strategy logic is clean and straightforward, easy to understand and adjust parameters
- Based on classic technical analysis methods with solid theoretical foundation
- Applicable to multiple timeframes and currency pairs with good flexibility
Weaknesses
- Prone to frequent false signals and consecutive losses in ranging/choppy markets
- Dual MA crossover system has significant lag, entering trades late
- Lacks advanced filtering mechanisms such as ADX trend strength or volume confirmation
Possible improvements
- Add a trend strength filter (e.g., ADX) to reduce false signals in ranging markets
- Implement new bar detection to prevent repeated trade entries within the same bar
Risk assessment
Overall risk: Medium
- Lacks new bar detection which may cause repeated entries within the same bar
- MA crossover lag may cause entries when the trend is already near its end
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
FastMA_Period | 10 | Fast moving average period |
SlowMA_Period | 50 | Slow moving average period |
MA_Method | MODE_SMA | Moving average calculation method |
StopLoss | 50 | Stop loss in points |
TakeProfit | 100 | Take profit in points |
Lots | 0.1 | Trading lot size |
TrailingStop | 0 | Trailing stop in points, 0 to disable |
MagicNumber | 12345 | EA magic number for identifying this EA's orders |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.