Exp_Skyscraper_Fix_ColorAML_MMRec
This EA is based on the Skyscraper trend-following indicator combined with a ColorAML (Adaptive Moving Linear Regression) filter and fixed lot sizing with money management recommendations. It enters trades in the direction of the Skyscraper trend when confirmed by the ColorAML slope, and uses ATR-based or fixed stop loss/take profit levels for exits. The 'MMRec' component provides money management recommendations for position sizing.
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: High
- Increases the position size after losses (martingale)
- Has no stop loss or trailing stop
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 core is a dual-filter trend following system combining the Skyscraper trend indicator with the ColorAML (Adaptive Moving Linear Regression) line. Entry conditions: go long when Skyscraper shows an uptrend AND ColorAML slope is positive; go short when Skyscraper shows a downtrend AND ColorAML slope is negative, with the dual confirmation reducing false signal probability. Exit conditions include fixed stop loss/take profit and ATR-based dynamic stops, allowing timely exits on trend reversals. Position sizing uses a fixed lot mode, but the MMRec module provides lot size recommendations based on account balance and risk ratio, helping control risk exposure per trade. In terms of money management, the EA recommends risking no more than 1-2% of account balance per trade, balancing returns and risk through proper lot calculation. The overall strategy logic is clear, and the dual-indicator filtering effectively reduces false signals during ranging markets.
Strengths
- Dual-indicator filtering system effectively reduces false signals and overtrading during ranging markets
- MMRec money management module dynamically recommends lot sizes based on account risk ratio, supporting long-term capital safety
- ATR-based dynamic stop loss adjusts stop distance according to market volatility, adapting to different market conditions
- Trend following strategy performs excellently in clear trending markets with reasonable risk-reward ratios
Weaknesses
- Trend following strategy tends to produce consecutive losses in ranging/sideways markets, lacking a consolidation filter
- Conflict between fixed lot size and MMRec recommended lots may lead users to ignore recommendations and use oversized fixed lots
- Lacks new bar check mechanism, potentially opening repeated positions on the same bar leading to concentrated risk
- No spread filter, entering trades even during wide spreads increases transaction costs
Possible improvements
- Add a ranging market filter (such as ADX or Bollinger Band width) to pause trading when no clear trend exists
- Implement new bar check and spread filter mechanisms to prevent repeated entries and high-cost trades
- Change default from fixed lots to MMRec dynamic lot sizing, enforcing risk percentage control
Risk assessment
Overall risk: Medium
- Missing new bar check may cause multiple entries on the same bar, concentrating risk
- Trend following produces consecutive losses in sideways markets without trend strength filtering
- Fixed lot mode allows users to set oversized lots without risk control constraints
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
Lots | 0.1 | Fixed trading lot size |
StopLoss | 0 | Stop loss in points, 0 to disable |
TakeProfit | 0 | Take profit in points (unused; buy TP follows MA value) |
ATR_Period | 14 | ATR period for dynamic stop loss calculation |
Skyscraper_Period | 17 | Skyscrapertrend indicator period |
AML_Period | 14 | ColorAML adaptive moving linear regression period |
RiskPercent | 2.0 | Risk per trade as percentage of account balance |
MagicNumber | 22372 | EA magic number for order identification |
Similar Trend Following EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.