Exp_ColorJJRSX
This EA trades based on the ColorJJRSX indicator, which combines Jurik RSX (raw signal index) with JMA (Jurik Moving Average) smoothing. It generates buy signals when the JJRSX histogram turns upward and sell signals when it turns downward, with separate controls for entering and exiting positions.
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
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
The strategy concept is based on directional changes in the Jurik RSX momentum indicator after JMA smoothing to capture trend momentum. Entry conditions: a buy position opens when Value[1]<Value[2] (indicator rising) and Value[0]>Value[1] (confirmed upward momentum), while a sell position opens when Value[1]>Value[2] (indicator falling) and Value[0]<Value[1] (confirmed downward momentum). Exit conditions: long positions close when the indicator starts declining, and short positions close when the indicator starts rising, supplemented by fixed StopLoss and TakeProfit in points. Position sizing is controlled by the MM parameter representing the share of deposit per deal, with four calculation modes including free margin, balance, loss share, and fixed lot. Money management relies on standard functions from the TradeAlgorithms.mqh library, but lacks dynamic stop adjustments or trailing stop mechanisms. The overall strategy is a momentum-following type that depends on indicator slope changes rather than absolute threshold levels for signal generation.
Strengths
- Uses the Jurik indicator family with RSX+JMA double smoothing to reduce false signals
- Separate permissions for buy/sell opening and closing provide high flexibility
- Supports multiple money management modes adapting to different trading styles
- Calculates signals only on new bar formation to avoid repeated entries
Weaknesses
- Stop loss and take profit are fixed points without dynamic adjustment for market volatility
- Lacks trailing stop mechanism, so profitable positions may give back significant gains
- No spread filter, which may cause frequent false signals in high-spread environments
- Depends on the external custom ColorJJRSX indicator, requiring the indicator file to be available at deployment
Possible improvements
- Add ATR-based dynamic stop loss and take profit that adjusts automatically with market volatility
- Implement a trailing stop feature to lock in floating profits
- Add spread filter and trading session filter to reduce trades under unfavorable conditions
Risk assessment
Overall risk: Medium
- Fixed stop loss and take profit cannot adapt to different market volatility environments, providing insufficient protection in extreme conditions
- No spread filter may cause excessive slippage during high-volatility periods
- Many indicator parameters with large optimization space create risk of overfitting
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
MM | 0.1 | Deposit percentage per trade |
MMMode | LOT | Lot calculation method (fixed lot or proportional) |
StopLoss_ | 1000 | Stop loss in points |
TakeProfit_ | 2000 | Take profit in points |
Deviation_ | 10 | Maximum price deviation in points (slippage tolerance) |
BuyPosOpen | true | Allow opening long positions |
SellPosOpen | true | Allow opening short positions |
BuyPosClose | true | Allow closing long positions |
SellPosClose | true | Allow closing short positions |
InpInd_Timeframe | PERIOD_H4 | Indicator calculation timeframe |
JurXPeriod | 8 | JurX smoothing period |
JMAPeriod | 3 | JMA smoothing period |
JMAPhase | 100 | JMA phase parameter |
IPC | PRICE_CLOSE | Price constant type |
SignalBar | 1 | Bar index for entry signal |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.