PROphet
PROphet is a trend-following Expert Advisor that aims to predict market direction using a combination of moving average crossovers and momentum indicators. It generates buy and sell signals based on alignment of multiple timeframe trends and executes trades automatically. The EA is designed for medium-term trading on major forex pairs.
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
- Has no stop loss or trailing stop
On its own this is not a typical blow-up pattern, 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 concept of the PROphet strategy is trend following, utilizing moving average crossovers to determine market trend direction and strength. Entry conditions typically require a short-term moving average crossing above or below a long-term moving average, with momentum indicators such as MACD or RSI confirming the trend direction alignment. Exit conditions include reverse moving average crossovers, reaching take-profit targets, or hitting stop-loss levels. Position sizing employs either fixed lot sizes or account-balance-proportional lot sizing methods. In terms of money management, the EA sets stop-loss and take-profit ratios to control the risk exposure of each individual trade, but lacks a unified portfolio-level risk management mechanism.
Strengths
- Clear trend-following strategy logic that performs well in trending markets
- Includes stop-loss and take-profit settings providing basic risk control
- High parameter configurability allows users to adjust for different market conditions
- Automated trade execution reduces emotional interference from manual trading
- Multi-indicator confirmation entry mechanism can reduce false signals
Weaknesses
- Trend-following strategies are prone to frequent false signals and losses in ranging markets
- Lacks market regime identification mechanism, cannot automatically switch between trend and range strategies
- Fixed lot sizing does not account for dynamic account balance changes, making money management inflexible
- No new bar check mechanism detected, potentially opening repeated positions on the same candle
- Missing spread filter, may enter trades inappropriately during high-spread conditions
Possible improvements
- Add market regime identification filter (e.g., ADX or volatility indicator) to pause trading during ranging markets
- Implement dynamic position sizing that automatically adjusts lot size based on account balance and risk ratio
- Add new bar check and spread filter to improve trade execution quality and stability
Risk assessment
Overall risk: Medium
- Trend strategy may incur consecutive losses in ranging markets
- Lack of market regime identification may lead to poorly timed entries
- Fixed lot sizing without account balance consideration may create excessive risk exposure during extreme market conditions
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 | 500 | Stop loss in points |
TakeProfit | 1000 | Take profit in points |
LotSize | 0.1 | Fixed trading lot size |
MagicNumber | 17022 | EA magic number |
Timeframe | H1 | Trading timeframe |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.