【Weekly Results】Try managing a free EA portfolio! (3-6 January 2023)

Portfolio 1,Portfolio management

One week has already passed in 2023…
I feel like the days have passed really quickly.

I think that many foreign-made EAs run away by increasing positions by martingale method in order to cover failed positions. As we have warned in the “Verification Series", the problem is the Equity Drawdown Maximal, which does not appear as a profit and loss graph in the final strategy tester report. In the case of Martingale EA ≒ the size of the unrealized loss. Depending on the size of the unrealized loss, the account could collapse at any time depending on when you start trading.

If you write too much, it will interfere with business, so I will refrain from doing so, but if you use a martingale type EA (limited to excellent EA), it is better not to touch anyone other than those who can operate with at least $10,000 or more of funds (+ sufficient additional deposit).

However, even though MQL5 is mostly made overseas, it is still “the collective intelligence of the world"! There is a more growling EA than expected. I am currently working on backtesting a free EA registered in the MQL5 community for the sake of an article, and I come across an EA that I want to use right away!

Therefore, in this “Try Portfolio Management" series, I would like to build a portfolio using EA that I wanted to manage. Please forgive me because the EA used and the number of lots may change from time to time.

*Rule: Use only EA verified on this site to create a portfolio in a form that you can reproduce.

I think it’s better than a portfolio that just synthesizes backtests! I will refer to it, but…

MQL5 Free EA – Portfolio No1

For the time being, I would like to start with an account with a realistic investment amount.

NOZAX Portfolio No.1
  • Account: NZX Zero (ECN) (NOZAX)
  • Initial balance: 100,000 yen(At 130 yen to the dollar, that’s about $770)

Working EA: TraderMind EA MT5, Currency Pair: USDCAD#, Timeframe: H1, 0.01 Lot

1/3-1/6 results

  • This week, they had 3 wins and 1 loss on 1/5, with 3 wins on 1/3 and 1 loss on 1/5, and the total profit and loss was -309 yen(about $2.37).

Strategies for the next week and beyond

It was a disappointing result for the first week, but it showed a trade that made me think that I could increase the lot a little more. Also, the backtest results strongly support it. Looking at the maximum drawdown figures in the backtest results, it started at $1,000, and the value at 0.01 lot simple interest was $18.14 (0.77%), and this time it was -0.69%, so it seemed that there was still a lot of leeway.

In fact, the official MQL5 page of TraderMind EA states that there is a limit of 0.01 lot maximum. However, on the screen where EA is installed on MT5, it is stated that “Order size is limited to 0.10 lots"

So, when I tried it, I entered with 0.10 Lots without any problems!

Next week, in addition to adjusting the number of lots of TraderMind EA, I would like to add the campaign EA White Bear DT to the portfolio.


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Posted by GOMA