Forex Profit
Forex Profit is a trend-following expert advisor that uses moving average crossovers and momentum indicators to identify and ride market trends. It enters positions when trend conditions align across its indicator set and manages trades with trailing stops. The EA is designed for major forex pairs on medium timeframes.
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
Forex Profit's core strategy is trend following, using moving average crossovers to determine trend direction as entry signals. Entry conditions typically require a short-term MA crossing above a long-term MA with momentum indicator confirmation of trend strength for long positions, and vice versa for shorts. Exit conditions include fixed stop loss, fixed take profit, and trailing stop to lock in profits. Position sizing uses either fixed lots or a percentage-based calculation tied to account equity. Money management provides a risk ratio parameter but lacks dynamic adjustment mechanisms based on market volatility. The overall strategy logic is traditional, relying on sustained trends for profitability, and may produce consecutive losses during ranging markets.
Strengths
- Simple and clear strategy logic, easy to understand and debug
- Uses trailing stop to protect profits and reduce drawdown risk
- Performs stably in trending markets, capable of capturing large swings
Weaknesses
- Frequent stop-outs in ranging markets with low win rate
- Lacks market regime filter to distinguish trending from ranging conditions
- Fixed SL/TP doesn't account for market volatility changes, poor adaptability
Possible improvements
- Add ADX or volatility filter to avoid trading in ranging markets
- Dynamically adjust SL/TP distances based on ATR
Risk assessment
Overall risk: Medium
- Lacks market regime identification, may incur consecutive losses in ranging markets
- Fixed stop loss may fail due to spread widening
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Fixed trading lot size |
StopLoss | 50 | Stop loss in points |
TakeProfit | 100 | Take profit in points |
TrailingStop | 30 | Trailing stop in points |
MagicNumber | 12345 | EA magic number |
FastMA_Period | 10 | Fast MA period |
SlowMA_Period | 50 | Slow MA period |
Similar Trend Following EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.