Get Rich or Die Trying GBP
This EA is a momentum-based trading system designed specifically for GBP pairs, likely using indicators such as RSI, MACD, or moving averages to identify strong directional moves. It enters trades when momentum conditions align and manages positions with take-profit and stop-loss levels. The name suggests an aggressive risk-taking approach focused on capturing significant trending moves on GBP currency pairs.
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 | -0.57% | -0.50% | 6.47% | 99 | 46.50% | -0.12 | -0.09 | 6 | −$0.58 | Reliable |
| GBPUSD | -3.52% | -3.06% | 7.30% | 91 | 40.70% | -0.66 | -0.48 | 5 | −$3.87 | Reliable |
| USDJPY | +0.31% | +0.27% | 5.53% | 95 | 43.20% | 0.09 | 0.06 | 7 | +$0.33 | Reliable |
| XAUUSD | +60.08% | +47.51% | 24.79% | 90 | 48.90% | 1.24 | 2.42 | 10 | +$66.75 | Reliable |
Profitable on 2 of 4 markets with reliable results.
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.
Against the other Momentum EAs with a reliable result on the same market: EURUSD: better than 49% of 68 · GBPUSD: better than 32% of 66 · USDJPY: better than 60% of 68 · XAUUSD: better than 83% of 75
Month by month
| Market | Months with a gain | Best month | Worst month |
|---|---|---|---|
| EURUSD | 46% | +1.76% 2026-10 | -1.48% 2026-05 |
| GBPUSD | 38% | +1.53% 2026-09 | -2.34% 2026-04 |
| USDJPY | 46% | +2.18% 2026-07 | -1.99% 2026-04 |
| XAUUSD | 54% | +52.22% 2026-01 | -18.56% 2026-04 |
From the backtest equity curve, sampled about every two days; only reliable results.
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
This EA is based on a momentum strategy concept, specifically targeting trending moves on GBP currency pairs. Entry conditions likely rely on confluence signals from multiple momentum indicators (such as RSI overbought/oversold, MACD crossovers, or moving average direction) to confirm trend direction. Exit conditions include fixed take-profit and stop-loss levels, and possibly a trailing stop mechanism to maximize profits during trend continuation. Position sizing may use fixed lots or dynamic lot calculation based on account balance. In terms of money management, the EA name 'Get Rich or Die Trying' suggests an aggressive position sizing approach with significant risk exposure. The overall strategy lacks a filtering mechanism for ranging/choppy market conditions, which could generate numerous false signals and consecutive losses in non-trending environments.
Strengths
- Focused on GBP pairs, optimized parameters for specific instruments may be more effective
- Uses multi-indicator confluence for entry confirmation, reducing false signals
- Includes take-profit, stop-loss, and trailing stop mechanisms for risk control
- Strategy logic is relatively clear and easy to understand and optimize
- Momentum strategy performs well in trending markets with reasonable risk-reward ratio
Weaknesses
- EA name implies aggressive style with potential for excessive risk-taking
- Lacks ranging market filter, prone to consecutive losses in sideways markets
- No spread filter included, GBP pairs have wider spreads that may cause slippage losses
- Missing new bar check mechanism, may open multiple positions on the same bar
- No check for existing same-direction positions, potentially leading to duplicate entries and increased risk
Possible improvements
- Add ADX or volatility filter to pause trading in ranging markets and reduce false signals
- Implement spread filter and new bar check mechanism to improve execution quality and prevent duplicate entries
- Implement ATR-based dynamic stop-loss and take-profit for risk control better adapted to market volatility
Risk assessment
Overall risk: Caution
- Momentum strategy prone to consecutive losses in ranging markets without market state identification
- GBP pairs have wider spreads, lack of spread filter may lead to unfavorable fills
- Aggressive naming suggests potential for excessive position sizing risk
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Lot size per trade |
StopLoss | 50 | Stop loss in points |
TakeProfit | 100 | Take profit in points |
TrailingStop | 30 | Trailing stop in points |
RSI_Period | 14 | RSI indicator period |
RSI_Overbought | 70 | RSI overbought threshold |
RSI_Oversold | 30 | RSI oversold threshold |
MACD_FastEMA | 12 | MACD fast EMA period |
MACD_SlowEMA | 26 | MACD slow EMA period |
MagicNumber | 18710 | EA magic number for identifying orders |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.