WOC
WOC (Wheel of Change) is a trend-following EA that identifies trend direction changes and enters trades on momentum shifts. It uses a combination of moving average crossovers and momentum indicators to detect when a trend is reversing or accelerating, then places market orders accordingly.
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 | -0.97% | -0.84% | 3.72% | 109 | 49.10% | — | — | — | — | Same as other EAs |
| GBPUSD | +6.69% | +5.79% | 4.59% | 107 | 51.40% | — | — | — | — | Same as other EAs |
| USDJPY | +3.63% | +3.14% | 4.42% | 99 | 51.50% | — | — | — | — | Same as other EAs |
| XAUUSD | -3.39% | -2.81% | 49.78% | 104 | 51.50% | — | — | — | — | Same as other EAs |
On every market this backtest is identical to EA-17352, EA-22409, EA-22834. 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 concept of the WOC strategy is capturing trend change points, entering trades when the trend direction shifts. Entry conditions are typically based on fast and slow moving average crossovers, confirmed by momentum indicators such as RSI or MACD to verify the strength of the trend change. Exit conditions include fixed take-profit and stop-loss levels, trend reversal signal-triggered closes, and trailing stops to lock in profits. Position sizing uses either fixed lot sizes or percentage-based calculations derived from account balance, with no obvious pyramiding mechanism. In terms of money management, the EA sets maximum position limits and daily maximum loss limits to control overall risk exposure. The strategy performs well in strongly trending markets but may generate frequent false signals during ranging conditions, leading to consecutive losses.
Strengths
- Trend-following strategy captures substantial profits in strong trending markets with reasonable risk-reward ratios
- Fixed stop-loss and trailing stop mechanisms effectively control individual trade losses and protect floating profits
- Multi-indicator confirmation for entry signals reduces the risk of false breakouts and improves entry quality
Weaknesses
- Prone to generating frequent false signals in ranging markets, leading to consecutive small losses that erode capital
- Lacks market volatility filtering mechanism, still opens positions during low volatility sessions resulting in poor efficiency
- Position sizing is relatively simple with no adaptive mechanism to dynamically adjust lot size based on market conditions
Possible improvements
- Add a volatility filter (e.g., ATR) to reduce or avoid trading during low volatility periods
- Introduce multi-timeframe confirmation requiring higher timeframe trend alignment before allowing entries
Risk assessment
Overall risk: Medium
- Lacks spread filter, opening positions during high spread periods may result in excessive slippage costs
- Trend-following strategy may produce significant drawdowns during trend reversals, requiring more robust risk controls
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
FastMA_Period | 10 | Fast MA period |
SlowMA_Period | 30 | Slow MA period |
MA_Method | MODE_SMA | MA calculation method |
RSI_Period | 14 | RSI indicator period |
StopLoss | 500 | Stop loss in points |
TakeProfit | 1000 | Take profit in points |
TrailingStop | 300 | Trailing stop in points |
LotSize | 0.1 | Trading lot size |
MaxPositions | 3 | Maximum positions |
MagicNumber | 17162 | EA magic number |
Similar Trend Following EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.