Cloud's Trade 2
Cloud's Trade 2 is a trend-following Expert Advisor that uses Ichimoku Cloud (Kumo) as its primary indicator to identify trend direction and generate trade signals. It enters long positions when price breaks above the cloud and short positions when price breaks below, using the Tenkan-sen/Kijun-sen crossover and cloud color for confirmation. The EA includes basic stop loss and take profit management with position sizing controls.
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 core strategy of this EA is based on the Ichimoku Kinko Hyo system, using the Kumo (Cloud) as the primary trend determination tool. For entry conditions: a long signal requires price breaking above the cloud from below, the Tenkan-sen crossing above the Kijun-sen, and the cloud being bullish (rising cloud); a short signal is the inverse, requiring price breaking below the cloud from above, Tenkan-sen crossing below Kijun-sen, and a bearish (falling) cloud. Exit conditions include fixed stop loss and take profit levels, as well as closing positions when price re-enters the cloud. Position sizing uses either fixed lots or a dynamic lot calculation based on account balance percentage. Money management incorporates maximum position count limits and per-trade risk controls, but does not employ sophisticated money management algorithms. The overall strategy logic is clear and follows a classic trend-following paradigm suited for medium-to-long-term trending markets, though it may generate numerous false signals in ranging/choppy conditions.
Strengths
- Uses the well-established Ichimoku Kinko Hyo system with multi-dimensional trend confirmation, reducing false signals
- Entry requires triple confirmation (price breakout, line crossover, cloud color), providing robust and logically sound trade signals
- Includes complete parameter design with stop loss, take profit, and position sizing controls for basic risk management
Weaknesses
- Lacks a ranging market filter, prone to frequent false breakout signals and consecutive losses in choppy conditions
- Stop loss and take profit use fixed pip values without ATR-based dynamic adjustment, limiting adaptability across varying volatility regimes
- Missing new bar check mechanism, potentially triggering multiple signals within the same bar leading to duplicate position openings
Possible improvements
- Add an ADX or volatility filter to reduce trade frequency or pause trading during ranging markets, improving overall win rate
- Replace fixed stop loss/take profit with ATR-based dynamic levels to make risk management adaptive to different market volatility environments
Risk assessment
Overall risk: Medium
- Missing new bar check, potentially opening duplicate positions within the same bar and increasing risk exposure
- Fixed stop loss/take profit does not account for market volatility, potentially resulting in stops that are too tight 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 |
TenkanPeriod | 9 | Ichimoku conversion line period |
KijunPeriod | 26 | Ichimoku base line period |
SenkouSpanBPeriod | 52 | Ichimoku leading span B period |
MaxPositions | 1 | Maximum positions |
TrailingStop | 0 | Trailing stop in points, 0 to disable |
MagicNumber | 12345 | EA magic number for identifying orders |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.