Exp_Skyscraper_Fix_Duplex
This EA implements a duplex (bidirectional) Skyscraper trend-following strategy that opens positions in the direction of the prevailing trend identified by the Skyscraper indicator. It features fixed lot sizing, stop loss and take profit management, and trades on trend signals with a duplex mode allowing both long and short entries based on indicator direction.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
This EA implements a trend-following strategy based on the Skyscraper indicator, opening long positions when the indicator signals an uptrend and short positions when it signals a downtrend. Entry conditions rely on the Skyscraper indicator's directional signals - a bullish shift triggers buy orders while a bearish shift triggers sell orders. Exit conditions are managed through configurable stop loss and take profit parameters, providing each position with defined risk and reward targets. Position sizing uses a fixed lot approach where the trader specifies the lot size via the Lots parameter, without dynamic position scaling. Money management depends on the stop loss/take profit ratio to control per-trade risk, but lacks account-balance-based dynamic position sizing. The Duplex mode allows the EA to independently handle both long and short positions based on signal direction, adding flexibility to the strategy execution.
Strengths
- Simple and clear strategy logic based on trend-following principles, easy to understand and maintain
- Defined stop loss and take profit settings provide controlled risk per trade
- Duplex mode allows flexible response to both bullish and bearish trend signals
Weaknesses
- Fixed lot sizing does not dynamically adjust based on account equity, preventing proportional money management
- Lacks new bar check mechanism, potentially opening duplicate positions on the same bar
- No spread filter, which may lead to unfavorable entries in high-spread environments
Possible improvements
- Add account-balance-based dynamic position sizing for proportional money management
- Implement new bar check logic to prevent duplicate position opening on the same bar
- Add spread filter and trading session filter to improve entry quality
Risk assessment
Overall risk: Medium
- Lack of new bar check may cause duplicate position openings on the same signal
- Fixed lot size may cause significant absolute losses under high leverage
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Fixed lot size per trade |
StopLoss | 50 | Stop loss in points |
TakeProfit | 100 | Take profit in points |
SkyscraperPeriod | 14 | Skyscraper indicator calculation period |
MagicNumber | 12345 | EA magic number for distinguishing different instances |
Similar Trend Following EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.