The MasterMind 3
The MasterMind 3 is a momentum-based Expert Advisor that uses a combination of technical indicators to identify trend direction and enter trades on momentum shifts. It employs multiple timeframe confluence and indicator agreement to generate entry signals, with built-in risk management through stop loss and take profit levels. The EA aims to capture trending moves by entering when multiple momentum indicators align in the same direction.
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 | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| GBPUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| USDJPY | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
| XAUUSD | 0.00% | 0.00% | 0.00% | 0 | — | — | — | — | — | Not convertible yet |
Why this EA never traded: no entry rule survived the conversion.
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
This EA employs a multi-indicator momentum confluence strategy, generating trade signals when multiple technical indicators confirm the same direction simultaneously. Entry conditions require agreement across several momentum indicators (such as RSI, MACD, Stochastic, etc.) to ensure higher entry accuracy. Exit conditions include fixed stop loss and take profit, reverse signal detection, and trailing stop mechanisms. Position sizing is calculated as a percentage of account balance, supporting both fixed lot and dynamic lot sizing modes. Money management incorporates maximum drawdown limits and daily loss caps to prevent excessive losses during extreme market conditions.
Strengths
- Multi-indicator confluence entry confirmation reduces false signal probability
- Multiple exit mechanisms including trailing stop and reverse signal exit provide flexibility
- Spread filter and maximum drawdown limits contribute to solid risk management
- Dynamic position sizing automatically adjusts risk exposure based on account size
- Multi-timeframe confluence verification improves signal reliability
Weaknesses
- Multi-indicator confluence may cause delayed entry, missing optimal trend initiation points
- Many parameters create large optimization space with overfitting risk
- Momentum indicators prone to false signals in ranging markets, lacking range filter mechanism
- Fixed stop loss/take profit doesn't adapt to changing market volatility
- Backtest results may differ significantly from live performance due to indicator lag
Possible improvements
- Add market regime detection to reduce or pause trading during ranging conditions
- Implement ATR-based dynamic stop loss/take profit that adapts to market volatility
- Add trading session filter to avoid low liquidity periods and major news releases
Risk assessment
Overall risk: Medium
- Multi-indicator strategy may suffer consecutive losses in ranging markets
- Fixed stop loss without volatility consideration may get stopped out before price reversal
- No hedging mechanism, directional positions carry significant risk during extreme market moves
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Fixed trading lot size |
RiskPercent | 2 | Risk percentage, effective when MM=1 |
StopLoss | 50 | Stop loss in points |
TakeProfit | 100 | Take profit points (10 points) |
TrailingStop | 30 | Trailing stop points |
RSI_Period | 14 | RSI indicator period |
RSI_Overbought | 70 | RSI overbought level |
RSI_Oversold | 30 | RSI oversold level |
MACD_Fast | 12 | MACD fast EMA period |
MACD_Slow | 26 | MACD slow EMA period |
MACD_Signal | 9 | MACD signal line period |
Stoch_K | 14 | Stochastic %K period |
Stoch_D | 3 | Stochastic %D period |
MaxSpread | 30 | Maximum allowed spread |
MagicNumber | 17002 | EA magic number |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.