Lucky
Lucky is a scalping EA that operates on lower timeframes, aiming to capture small price movements with quick entries and exits. It likely uses momentum or mean reversion signals to identify short-term trading opportunities. The EA's name suggests it relies on probabilistic edge rather than a deeply structured trend-following approach.
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
Lucky EA employs a scalping strategy that seeks short-term price movement opportunities on lower timeframes such as M1 or M5. Entry conditions are likely based on momentum indicator overbought/oversold signals or short-term moving average crossovers to trigger rapid entries and exits. Exit conditions typically set small take-profit targets paired with relatively close stop-losses to control individual trade losses. Position sizing may use fixed lot sizes or a simple proportional calculation based on account balance. In terms of money management, the high frequency of scalping trades means spread costs can significantly erode profits. The overall strategy relies on accumulating small gains through high trade frequency but is sensitive to market liquidity and slippage.
Strengths
- Simple and clear strategy logic, easy to understand and optimize parameters
- Scalping approach can quickly accumulate small profits during clear market trends
- Includes stop-loss and trailing stop functionality for basic risk control
Weaknesses
- Scalping strategy is extremely sensitive to spreads and slippage; trading costs may consume most profits
- Lacks multi-timeframe confirmation, prone to repeated stop-outs in ranging markets
- High trading frequency may lead to overtrading and increased account risk exposure
Possible improvements
- Add multi-timeframe trend filtering to avoid counter-trend scalping trades
- Implement a spread filter to pause trading when spreads are too wide to protect profits
Risk assessment
Overall risk: Caution
- Scalping strategy lacks spread filter, may sustain losses in high-spread environments
- No new bar check mechanism, potentially opening multiple positions on the same bar
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Lot size per trade |
TakeProfit | 50 | Take profit in points |
StopLoss | 30 | Stop loss in points |
TrailingStop | 15 | Trailing stop in points |
MagicNumber | 12345 | EA magic number for identifying this EA's orders |
TimeFrame | M5 | Trading timeframe |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.