e-TurboFx
e-TurboFx is a momentum-based Expert Advisor that uses Turbo JRSX and Momentum indicators to generate trading signals. It opens positions when both indicators align in the same direction and manages trades with fixed take-profit and stop-loss levels. The EA operates systematically with configurable lot sizing and indicator parameters.
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
The core strategy of this EA relies on dual confirmation from two momentum-type indicators: Turbo JRSX (a smoothed relative strength index variant) and the Momentum indicator. Entry conditions trigger a buy when both Turbo JRSX and Momentum generate bullish signals simultaneously, and a sell when both generate bearish signals. Exit conditions use fixed take-profit and stop-loss levels, with additional exit on opposing signal reversal. Position sizing employs a fixed lot approach without dynamic money management. The overall strategy logic is straightforward, relying on indicator confluence to reduce false signals, but lacks a trend filter which may cause frequent stop-outs in ranging markets.
Strengths
- Dual indicator confluence reduces false signals and improves entry quality
- Fixed stop-loss and take-profit provide clear risk control boundaries
- Strategy logic is concise and clear, easy to understand and optimize parameters
- Turbo JRSX indicator is smoothed, producing more stable signals
- Supports trailing stop feature to lock in floating profits
Weaknesses
- Lacks trend filter, prone to frequent stop-outs in ranging markets
- Fixed lot sizing without dynamic money management cannot adapt to account size
- No new bar check, may open duplicate positions on the same bar
- No spread filter, slippage costs may be too high for short-term operations
- Fixed indicator periods not adaptive to different timeframes
Possible improvements
- Add a trend filter (e.g., MA direction or ADX) to avoid frequent trades in ranging markets
- Implement dynamic lot sizing (e.g., based on ATR or account balance percentage) for better money management
Risk assessment
Overall risk: Medium
- No new bar check may cause multiple entries on the same bar, increasing risk exposure
- Fixed lot size does not scale with account, leading to potentially oversized or undersized risk
- Lack of spread filter can result in unfavorable fills during high-volatility periods
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 |
JRSX_Period | 14 | Turbo JRSX indicator period |
Momentum_Period | 14 | Momentum indicator period |
TrailingStop | 0 | Trailing stop in points, 0 to disable |
Similar Momentum EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.