Hangseng Trader
This EA is a momentum-based trading system designed for the Hang Seng index, generating buy and sell signals from technical indicator crossovers and momentum confirmations. It enters positions when momentum aligns with trend direction and manages exits via fixed take-profit and stop-loss levels. The strategy operates systematically without manual intervention, targeting directional moves in the Hang Seng market.
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
The strategy concept is based on momentum tracking, utilizing technical indicator crossover signals and momentum confirmations to determine the trend direction of the Hang Seng index. Entry conditions typically rely on crossovers between fast and slow moving averages, or momentum indicator breakouts from overbought/oversold zones (such as RSI or MACD) to confirm trend initiation. Exit conditions use fixed take-profit and stop-loss settings, closing positions at preset profit targets or cutting losses when price moves adversely beyond the stop threshold. Position sizing employs fixed lot sizes or simple account-balance-based calculations without sophisticated Kelly criterion or risk-proportion methods. Money management is relatively basic, primarily relying on stop-losses for per-trade risk control while lacking holistic account risk controls or maximum drawdown limits. The overall strategy logic is clear but fundamental, lacking adaptability to changing market conditions.
Strengths
- Clear and understandable strategy logic based on classic momentum and moving average crossover methods, easy to maintain and modify
- Features fixed take-profit and stop-loss mechanisms, keeping per-trade risk controllable without unlimited loss exposure
- Specifically designed for the Hang Seng index with targeted parameter optimization potential for that market
Weaknesses
- Lacks adaptivity mechanism; the strategy cannot auto-switch between ranging and trending markets, leading to frequent stop-outs during consolidation
- Money management is overly simplistic, relying only on fixed lots and stop-losses without considering overall account risk exposure or drawdown control
- Missing critical market environment filters such as volatility filtering, session filtering, and news event avoidance; may suffer from slippage and liquidity issues in live trading
Possible improvements
- Add a market regime identification module using ATR or volatility indicators to distinguish trending from ranging markets, switching parameters or pausing trading accordingly
- Introduce dynamic position sizing based on account risk percentage and current ATR values to achieve risk equalization across trades
Risk assessment
Overall risk: Medium
- No maximum drawdown limit or account-level risk control; extreme market conditions may cause consecutive losses exceeding expectations
- Fixed stop-loss and take-profit do not account for market volatility changes; stops may be too wide in low volatility and take-profits too narrow in high volatility
- No new bar check mechanism implemented; may repeatedly open positions on the same bar, causing position stacking risk
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Lot size per trade |
StopLoss | 300 | Stop loss in points |
TakeProfit | 600 | Take profit in points |
FastMA_Period | 10 | Fast MA period |
SlowMA_Period | 50 | Slow MA period |
RSI_Period | 14 | RSI indicator period |
RSI_Overbought | 70 | RSI overbought threshold |
RSI_Oversold | 30 | RSI oversold threshold |
MagicNumber | 12345 | EA magic number for identifying orders |
MaxTrades | 3 | Maximum simultaneous positions |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.