Ravi AO
This EA uses the Ravi AO (Average Oscillator) indicator to generate trading signals based on momentum shifts. It enters long positions when the oscillator crosses above its signal line and short positions when it crosses below. The strategy is a systematic momentum-based approach with configurable parameters for period and signal smoothing.
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 Ravi AO oscillator indicator, capturing trend turning points by calculating changes in price momentum. Entry conditions are triggered when the oscillator value crosses above the signal line for long positions and below for short positions, representing a typical momentum-following strategy. Exit conditions rely on reverse signals to close positions, with no independent stop-loss or take-profit logic observed. Position sizing allows the user to set a fixed lot size, but there is no dynamic position adjustment based on account balance or volatility. Money management is relatively simple, lacking risk exposure controls and maximum drawdown limits. Overall, the strategy logic is clear but risk control is weak, relying on the timeliness of momentum signals, which may trigger frequent false signals in ranging markets leading to consecutive losses.
Strengths
- Clear and simple strategy logic, easy to understand and debug
- Based on momentum oscillator, capable of catching early trend reversals
- Configurable parameters allow adjustment for different instruments and timeframes
- Uses MagicNumber to distinguish orders, avoiding conflicts with other EAs
- Signal line smoothing mechanism reduces the generation of false signals
Weaknesses
- Lacks independent stop-loss and take-profit logic, risk exposure is uncontrollable
- Fixed lot sizing without dynamic position management mechanism
- Prone to frequent false signals in ranging markets leading to consecutive losses
- No new bar check mechanism, may repeatedly open positions within the same bar
- Missing spread filter, profitability decreases in high-cost trading environments
Possible improvements
- Add dynamic stop-loss and take-profit mechanism, configurable based on ATR or fixed pips
- Implement new bar check logic to ensure only one trade per bar
- Introduce spread filter and volatility filter to avoid trading under unfavorable market conditions
Risk assessment
Overall risk: High risk
- No stop-loss protection, single trade loss can expand indefinitely
- Missing new bar check, may repeatedly open positions within the same bar causing over-trading
- Fixed lot size without position control, small accounts may blow up quickly from oversized single trades
- Momentum signals frequently flip in ranging markets, high risk of consecutive losses
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Fixed trade lot size |
RaviPeriod | 14 | Ravi AO indicator period |
SignalPeriod | 5 | Signal line smoothing period |
StopLoss | 0 | Stop loss in points (0 = no stop loss) |
TakeProfit | 0 | Take profit in points (0 = no take profit) |
MagicNumber | 12345 | EA magic number for order identification |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.