Exp_ColorXPWMA_Digit_MMRec
This EA trades based on the ColorXPWMA_Digit indicator, which is a colored weighted moving average with digital signal processing. It incorporates money management with a recovery mechanism, likely increasing position size after losses to recover equity.
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: Elevated
- Increases the position size after losses (martingale)
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 trend direction changes signaled by the ColorXPWMA_Digit indicator, which applies digital signal processing to a weighted moving average and displays trend direction via color changes. Entry conditions trigger when the indicator color switches, with long entries on bullish color change and short entries on bearish color change. Exit conditions include closing positions on reverse signal or when stop loss/take profit levels are hit. Position sizing uses a money management module that calculates initial lot size based on account balance and risk ratio. The recovery mechanism (MMRec) likely increases lot size after losing trades to recover equity, which is a dangerous martingale-style approach. Overall, this is a trend-following strategy combined with a martingale-style recovery money management system.
Strengths
- Uses digital signal processing to smooth the moving average, reducing false signals
- Color-coded indicator provides intuitive trend direction display for easy strategy understanding
- Built-in money management module dynamically adjusts position size based on account size
Weaknesses
- Recovery mechanism resembles martingale strategy, consecutive losses could blow the account
- May lack stop loss protection, insufficient risk control
- Single indicator strategy prone to frequent false signals in ranging markets
Possible improvements
- Remove martingale-style recovery mechanism and use fixed fractional risk management instead
- Add stop loss and additional trend confirmation indicators to reduce false signals
Risk assessment
Overall risk: Dangerous
- Martingale-style recovery mechanism exponentially increases position size during consecutive losses, potentially leading to account blowup
- Lack of mandatory stop loss protection means single trade losses may exceed tolerable limits
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Fixed lot size, used when MMRec is disabled |
MM_Type | Recovery | Money management type (recovery mode) |
Recovery_Factor | 1.5 | Lot recovery multiplier after loss |
StopLoss | 0 | Stop loss in points (0 = no stop loss) |
TakeProfit | 0 | take profitpoints (0meansnotake profit) |
XPWMA_Period | 14 | ColorXPWMA indicator period parameter |
MaxSpread | 30 | Maximum allowed spread |
MagicNumber | 21723 | EA magic number |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.