Exp_ColorMETRO_Duplex
This EA is a duplex (bi-directional) trading system based on the ColorMETRO momentum indicator. It opens trades in both directions when the indicator's color changes signal momentum shifts, operating on dual signal logic for long and short entries.
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
- Can hold up to 2 positions at once
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 EA uses the ColorMETRO momentum indicator as its core signal source, determining momentum direction shifts through indicator color changes. Entry conditions are triggered when the ColorMETRO indicator switches from one color state to another, generating long or short entry signals respectively. As a Duplex (bi-directional) system, the EA can capture signals in both directions with independent long and short logic. Exit conditions rely on the indicator's reverse signal or built-in stop-loss/take-profit mechanisms. Position sizing is controlled through lot size parameters, though whether money management logic is included depends on parameter configuration. The overall strategy centers on momentum following, entering when the indicator confirms a trend shift and exiting when momentum fades or reverses.
Strengths
- Clear trend-following logic based on momentum indicator with intuitive signals
- Duplex bi-directional design captures both upward and downward momentum
- Using ColorMETRO color changes as signals reduces subjective judgment interference
Weaknesses
- Momentum indicators easily generate frequent false signals in ranging markets causing repeated losses
- Bi-directional trading may trigger both long and short signals simultaneously in sideways markets causing hedging losses
- Lacks explicit money management and progressive position sizing; fixed lot trading carries significant risk
Possible improvements
- Add a ranging market filter (such as ADX or volatility indicator) to pause trading during trendless periods and reduce false signals
- Introduce dynamic position sizing that automatically adjusts lot size based on account balance and ATR
Risk assessment
Overall risk: Medium
- Momentum indicator frequent signal flips in sideways markets may cause consecutive losses
- Fixed lot trading lacks dynamic adjustment mechanism based on account risk
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Lot size per trade |
StopLoss | 500 | Stop loss in points |
TakeProfit | 1000 | Take profit in points |
METRO_Period | 14 | ColorMETRO indicator period |
MagicNumber | 22490 | EA magic number for identifying orders |
Timeframe | H1 | Trading timeframe |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.