Raymond Cloudy Day for EA
This EA trades based on the 'Cloudy Day' candlestick pattern, a bearish reversal signal identified by a specific candle formation. It enters short positions when the pattern is detected and manages exits via stop loss and take profit levels. The strategy is a purely systematic pattern-recognition approach to capturing short-term reversals.
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 identifying bearish reversal signals through the 'Cloudy Day' candlestick pattern. The entry condition relies on detecting a specific candle formation—typically a large bullish candle followed by a bearish candle whose body penetrates deep into the bullish candle's body, signaling waning bullish momentum and bearish takeover. Exit conditions depend on preset stop loss and take profit parameters, with no trailing stop or dynamic exit mechanism. Position sizing is controlled via a fixed lot parameter, but there is no dynamic lot calculation based on account balance or risk percentage. Money management is relatively simple, relying only on a fixed stop loss distance to control per-trade risk, lacking overall account risk controls such as maximum drawdown limits or position reduction after consecutive losses. The strategy logic is clear but singular, relying entirely on pattern recognition without combining trend filters or other confirming indicators.
Strengths
- Clear and concise strategy logic based on a classic candlestick pattern, easy to understand and verify
- Has stop loss and take profit settings providing basic risk control
- Uses magic number for order management to avoid conflicts with other EAs
- Pattern recognition strategy can provide high win-rate reversal trades under appropriate market conditions
Weaknesses
- Relies solely on a single candlestick pattern without trend filter or multi-timeframe confirmation, prone to false signals in trending markets
- Fixed lot position sizing without dynamic adjustment based on account risk may lead to inconsistent risk exposure
- Lacks advanced exit mechanisms such as trailing stop or partial close, unable to maximize profits in favorable moves
- No position adjustment after consecutive losses or maximum drawdown protection mechanism
Possible improvements
- Add a trend filter (e.g., moving average direction) to only trade reversal signals in the direction of the main trend, reducing counter-trend trades
- Implement dynamic position sizing based on account balance and risk percentage, and add maximum drawdown protection with position reduction after consecutive losses
Risk assessment
Overall risk: Medium
- Single candlestick pattern has limited signal reliability and may frequently trigger false reversal signals in strong trending markets leading to consecutive losses
- Fixed lot size lacks dynamic risk adjustment, potentially over-leveraging small accounts while under-utilizing capital in large accounts
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 |
MagicNumber | 123456 | EA magic number for identifying this EA's orders |
MaxSpread | 30 | Maximum allowed spread |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.