Playground v1.04
This EA is a multi-timeframe trend-following system that combines higher timeframe trend identification with lower timeframe entry signals. It uses a confluence of indicators including moving averages, RSI, and MACD to generate trade entries and exits. The EA employs fixed lot sizing with optional trailing stop management for open positions.
Open the interactive view (equity curve, symbol switch)Key facts
Backtest results (H1, about 1 year)
Not backtested yet — this EA could not be converted automatically.
Strategy analysis
The strategy concept is built on multi-timeframe confluence trend following, first identifying the primary trend direction on a higher timeframe (such as H4 or daily), then seeking entry signals on a lower timeframe (such as M15 or H1) that align with the dominant trend. Entry conditions require a clear higher-timeframe trend direction (e.g., moving average bullish alignment), while the lower-timeframe RSI must be in a reasonable zone (not overbought or oversold) and MACD must show a directional crossover. Exit conditions include fixed take-profit and stop-loss levels, appearance of reverse signals, and an optional trailing stop trigger. Position sizing uses a fixed lot approach without dynamic position adjustment or martingale pyramiding logic. In terms of money management, while stop-losses are set, there is no dynamic risk calculation based on account balance, making the overall risk manageable but inflexible.
Strengths
- Multi-timeframe confluence filtering reduces counter-trend trades and improves signal quality
- Combining RSI and MACD for multi-indicator confirmation lowers the probability of false signals
- Fixed stop-loss and trailing stop provide basic risk control mechanisms
- Maximum spread filter prevents entries during poor liquidity conditions
- Reasonable parameter design allows users to flexibly adjust indicator settings
Weaknesses
- Fixed lot sizing lacks dynamic money management and cannot adapt to account risk
- No new bar detection mechanism implemented, potentially causing repeated entries on the same bar
- Lacks check for existing same-direction positions, which may cause duplicate entries
- Multi-indicator confluence may produce overly sparse signals, missing some opportunities in trending markets
- Frequent version iterations (v1.02 to v1.04) suggest the EA is still in early development with stability yet to be verified
Possible improvements
- Add percentage-of-balance risk calculation to replace fixed lot sizing
- Implement new bar detection and same-direction position checks to prevent duplicate entries
- Add drawdown control and maximum position count limits to enhance overall risk management
Risk assessment
Overall risk: Medium
- Lack of new bar detection may cause multiple entries on the same bar, increasing risk exposure
- Fixed lot size does not adjust with account size, potentially over-risking small accounts
- No check for existing same-direction positions may cause overlapping and over-concentrated positions
Evaluation scores
Parameters
| Parameter | Default | Description |
|---|---|---|
LotSize | 0.1 | Lot size for margin calculation |
StopLoss | 500 | Stop loss in points |
TakeProfit | 1000 | Take profit per order (points) |
TrailingStop | 300 | Trailing stop in points |
TrailingStep | 50 | Trailing stop step |
RSI_Period | 14 | RSI indicator period |
RSI_Overbought | 70 | RSI overbought threshold |
RSI_Oversold | 30 | RSI oversold threshold |
MACD_Fast | 12 | MACD fast EMA period |
MACD_Slow | 26 | MACD slow EMA period |
MACD_Signal | 9 | MACD signal line period |
MA_Period_HTF | 200 | Higher timeframe MA period |
MA_Period_LTF | 50 | Lower timeframe MA period |
HTF_Timeframe | H4 | Higher timeframe setting |
MagicNumber | 123456 | EA magic number identifier |
MaxSpread | 30 | Maximum allowed spread |
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Backtests are historical simulations and do not guarantee future results. Not financial advice.