Exp_WeightOscillator_Direct
This EA trades based on the Weight Oscillator indicator, generating entry signals from direct oscillator readings. It opens buy positions when the weighted oscillator crosses above a threshold and sell positions when it crosses below, applying fixed lot sizing and configurable stop-loss/take-profit levels.
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
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 strategy of this EA is based on momentum signals generated by the Weight Oscillator indicator. The Weight Oscillator synthesizes values from multiple technical indicators with different periods and weights to produce a composite momentum reading. Entry conditions are straightforward: a buy position is opened when the weighted oscillator crosses above a configured threshold, and a sell position is opened when it crosses below the threshold. Exit conditions rely on configurable stop-loss and take-profit levels, as well as potential oscillator reverse crossover signals. Position sizing uses a fixed lot approach without dynamic adjustment based on account balance or market volatility. Money management is relatively simple, lacking martingale or grid components, but also missing dynamic position calculation based on account risk percentage. The overall strategy logic is clear but relatively one-dimensional, relying on the signal quality of a single composite indicator.
Strengths
- Clean and straightforward strategy logic based on a multi-indicator composite weight oscillator, more reliable than single indicator signals
- Fixed lot sizing without martingale or grid risk, keeping risk exposure controllable
- Highly configurable parameters including thresholds, stop-loss/take-profit, and periods, facilitating optimization
Weaknesses
- Relies on a single composite indicator signal without multi-dimensional confirmation, prone to frequent false signals in ranging markets
- Position sizing is overly simplistic with fixed lots, ignoring account size and volatility, unable to implement dynamic risk management
- Lacks new bar check mechanism, potentially opening multiple positions within the same bar, increasing overtrading risk
Possible improvements
- Add multi-timeframe confirmation, e.g., check H4 trend alignment before acting on H1 signals
- Implement dynamic position sizing based on account equity percentage and ATR volatility for adaptive risk management
Risk assessment
Overall risk: Medium
- Missing new bar check may cause repeated entries within the same bar leading to overtrading
- Fixed lot sizing ignores account size, potentially exposing small accounts to excessive risk percentages
- Single indicator signals can trigger stop-losses frequently in choppy/ranging markets
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Fixed trading lot size |
StopLoss | 0 | Stop loss in points, 0 means no stop loss |
TakeProfit | 0 | Take profit in points; close on cumulative profit |
WeightOsc_Period | 14 | Weight oscillator calculation period |
BuyThreshold | 0 | Buy threshold; oscillator crossing up triggers long |
SellThreshold | 0 | Sell threshold; oscillator crossing down triggers short |
MagicNumber | 12345 | Magic number; 0 to manage all orders |
MaxPositions | 1 | Maximum simultaneous positions |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.