Exp_ColorTSI-Oscillator
This EA trades based on the ColorTSI-Oscillator indicator, which is a True Strength Index oscillator with dual smoothing. It opens buy positions when the indicator line crosses above the signal line and sell positions when it crosses below, with configurable stop loss and take profit levels.
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 core strategy of this EA is based on crossover signals from the TSI (True Strength Index) oscillator with dual configurable smoothing methods. Entry conditions: a buy signal is triggered when the indicator line (Ind) crosses above the signal line (Sign), and a sell signal is triggered when it crosses below. Exit conditions include closing positions on reverse crossover signals and using fixed stop loss (1000 points) and take profit (2000 points) levels. Position sizing supports five lot calculation modes including free margin-based, balance-based, loss-share-based methods, with the default set to fixed lot (LOT). Money management is controlled by the MM parameter which sets the deposit share (default 0.1). The EA employs a multi-timeframe architecture allowing the indicator to run on a different timeframe than the chart. Signal calculations are only executed on new bars to avoid redundant processing. The strategy relies on momentum oscillator crossover signals, making it a typical momentum-following system that may generate numerous false signals during trend transitions.
Strengths
- Provides 5 flexible money management modes adaptable to different risk preferences
- Uses new bar detection to avoid redundant signal calculation and prevent duplicate trades
- Supports 10 smoothing algorithms and multiple price types with strong parameter configurability
- Buy and sell directions can be independently enabled/disabled for directional or hedging strategies
- Explicit stop loss and take profit parameters provide a basic risk control framework
Weaknesses
- Momentum oscillator crossover signals tend to produce frequent false signals in ranging markets
- Fixed stop loss (1000 points) and take profit (2000 points) are not dynamically adjusted for market volatility
- Lacks spread filter and trading session filter, may open positions under unfavorable conditions
- Default SignalBar=1 causes signal confirmation delay, while setting it to 0 may cause overly frequent trading
- No recovery mechanism for indicator handle failure beyond returning INIT_FAILED
Possible improvements
- Add volatility-adaptive stop loss/take profit mechanism (e.g., ATR-based dynamic adjustment) for better market adaptability
- Add spread filter and trading session restrictions to avoid opening positions during high spread or inactive sessions
- Add a trend filter indicator (e.g., higher timeframe MA direction) to only trade in alignment with the dominant trend, reducing false signals
Risk assessment
Overall risk: Medium
- Fixed stop loss/take profit does not adapt to varying market volatility; oversized stops in low-volatility conditions may cause unnecessary losses
- Momentum crossover strategies tend to generate frequent opening and closing of positions in ranging markets, leading to consecutive losses
- Lack of spread filter may result in significant slippage costs during low-liquidity sessions
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
MM | 0.1 | Money management ratio controlling risk per trade |
MMMode | LOT | Lot mode: free margin/balance/margin w/ floating P&L/balance w/ floating P&L/fixed lot |
StopLoss_ | 1000 | Stop loss in points |
TakeProfit_ | 2000 | Take profit in points |
Deviation_ | 10 | Max allowed price deviation (slippage) in points |
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 | HighsLowsSignal indicator timeframe |
First_Method | MODE_SMA | First smoothing method |
First_Length | 12 | First smoothing depth |
First_Phase | 15 | First smoothing parameter |
Second_Method | MODE_SMA | Second smoothing method |
Second_Length | 12 | Second smoothing depth |
Second_Phase | 15 | Second smoothing parameter |
IPC | PRICE_CLOSE | Price constant type |
Shift | 0 | Indicator horizontal shift in bars |
TriggerShift | 1 | Trigger bar shift |
SignalBar | 1 | Bar index for entry signal |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.