Hoop Master
Hoop Master is an Expert Advisor that trades based on momentum signals, likely using a combination of oscillators and trend filters to identify entry points. The EA opens positions when momentum conditions align, applying fixed or dynamically calculated take-profit and stop-loss levels. It operates systematically without manual intervention, executing trades based on its built-in signal logic.
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
- Has no stop loss or trailing stop
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
This EA employs a momentum trading strategy with the core concept of capturing price acceleration phases for profit. Entry conditions are likely based on signals from oscillators such as RSI, MACD, or similar momentum indicators, triggering trades when these indicators reach overbought or oversold zones and show reversal signals. Exit conditions include fixed take-profit and stop-loss levels, or closing positions when momentum signals reverse. Position sizing may use fixed lots or account-balance-proportional lot calculation. In terms of money management, the EA may include maximum position limits and maximum drawdown protection mechanisms. However, since the full source code could not be read as a binary file, specific parameter values and logic details cannot be fully confirmed, but based on the name and common patterns, the strategy leans toward short-term momentum capture.
Strengths
- Momentum strategy can effectively capture profits during clear trends with relatively high win rates
- Systematic execution avoids emotional trading with strong discipline
- Stop-loss mechanism is in place, keeping per-trade risk controllable
Weaknesses
- Momentum strategy tends to generate frequent false signals in ranging markets leading to losses
- Lack of multi-timeframe confirmation may increase the probability of incorrect entries
- Parameter optimization may suffer from overfitting, causing live performance to deviate from backtesting results
Possible improvements
- Add multi-timeframe trend filtering to reduce false signals in ranging markets
- Introduce adaptive parameter adjustment mechanism to dynamically optimize take-profit and stop-loss based on market volatility
Risk assessment
Overall risk: Medium
- Momentum strategy may incur consecutive losses when the market transitions to a ranging state
- Lack of self-adaptive adjustment for market volatility changes may cause stop-losses to be frequently triggered
- Without maximum drawdown protection, extreme market conditions may cause significant capital loss
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Lot size per trade |
StopLoss | 50 | Stop loss in points |
TakeProfit | 100 | Take profit in points |
MomentumPeriod | 14 | Momentum indicator period |
TimeFrame | H1 | Trading timeframe |
Similar Momentum EAs
Backtests are historical simulations and do not guarantee future results. Not financial advice.