Indices Tester
This EA is a trend-following trading system designed for index/indices instruments. It generates trade signals based on technical indicator combinations and manages positions with configurable stop loss and take profit levels. The EA is intended for backtesting and optimization on index CFDs.
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 trend-following strategy that uses combinations of technical indicators to determine market direction and enter trades in the direction of the prevailing trend. Entry conditions rely on indicator signal confirmation, opening long positions when bullish signals align and short positions when bearish signals align. Exit conditions include configurable stop loss and take profit levels, and may also incorporate indicator reversal signals for position closure. Position sizing is handled through fixed lot sizes or account equity-based calculations per trade. Money management provides stop loss settings to control per-trade risk, but lacks dynamic position adjustment and maximum drawdown protection mechanisms. The overall strategy logic is relatively conventional and performs well in trending index markets, but may suffer from frequent stop-outs during ranging or choppy conditions.
Strengths
- Clear strategy logic suitable for trending index markets
- Highly configurable parameters enabling thorough backtesting and optimization
- Includes stop loss and take profit mechanisms providing basic risk control
- Supports multiple index instruments with broad applicability
- Relatively clean code structure easy to understand and modify
Weaknesses
- Lacks ranging market filter, prone to frequent stop-outs in sideways conditions
- No dynamic position sizing to adapt to varying volatility environments
- Missing maximum drawdown protection and overall portfolio money management
- No spread filter included, potentially disadvantaged under high-spread conditions
- Limited strategy innovation, relying on traditional indicator combination signals
Possible improvements
- Add a ranging market identification filter (e.g., ADX or volatility indicator) to reduce ineffective trades during sideways markets
- Implement ATR-based dynamic stop loss/take profit and position sizing to adapt to varying market volatility
- Add maximum drawdown protection and daily loss limits to enhance overall capital safety
Risk assessment
Overall risk: Medium
- No maximum drawdown protection mechanism, potentially suffering significant losses during extreme market conditions
- Fixed lot sizing without dynamic adjustment based on account equity poses over-leveraging risk
- No spread or slippage filter, execution may deviate from expectations during low liquidity periods
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Fixed lot size per trade |
StopLoss | 500 | Stop loss in points |
TakeProfit | 1000 | Take profit in points |
Timeframe | H1 | Trading timeframe |
MagicNumber | 123456 | EA order identification number |
MaxPositions | 1 | Maximum simultaneous positions |
TrailingStop | 0 | Trailing stop distance in points |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.