Master of the Forge EA

Here’s the detailed analysis for your new EA, Master of the Forge – XAUUSD M30-unlocked:

General Overview

• Symbol: XAUUSD (Gold vs USD)
• Testing Period: From May 7, 2003, to December 31, 2024, using the 30-minute timeframe (M30).
• Initial Deposit: $10,000
• Total Net Profit: $94,449.51
• Gross Profit: $259,425.54
• Gross Loss: -$164,976.03
• Profit Factor: 1.57 (indicating that the EA made $1.57 for every $1 lost).

Performance Highlights

• Total Trades: 7,228
  • Short Positions (won %): 3,136 (44.42%)
  • Long Positions (won %): 4,092 (47.80%)
• Winning Trades: 3,349 (46.33% of total trades)
• Losing Trades: 3,879 (53.67% of total trades)

Profit and Loss

• Largest Profit Trade: $925.30
• Largest Loss Trade: -$1,488.30
• Average Profit per Trade: $77.46
• Average Loss per Trade: -$42.53

Risk and Drawdown

• Absolute Drawdown: $1,289.06
• Maximal Drawdown: $3,793.58 (4.34%)
• Relative Drawdown: 14.63%

Consecutive Trades

• Maximum Consecutive Wins: 17 trades, totaling $2,314.62
• Maximum Consecutive Losses: 23 trades, totaling -$1,881.73
• Maximal Consecutive Profit: $4,163.84 over 9 winning trades
• Maximal Consecutive Loss: -$1,881.73 over 23 losing trades
• Average Consecutive Wins: 3
• Average Consecutive Losses: 4

Key Insights

1. Profitability: The EA shows a solid net profit of $94,449.51, with a profit factor of 1.57, indicating profitability but a slight margin over costs.
2. Win Rate: The win rates for both short and long positions are moderate, with long positions having a slightly higher success rate.
3. Risk Management: The maximal drawdown is relatively low at 4.34%, suggesting a more controlled risk profile compared to previous EAs. The relative drawdown of 14.63% indicates a reasonable balance between profit potential and risk.
4. Trade Efficiency: The average profit per trade is higher than the average loss per trade, indicating favorable trade outcomes.
5. Consecutive Trades: The EA manages to string together up to 17 consecutive winning trades, with a maximum consecutive loss streak of 23 trades, which is relatively high and suggests potential periods of volatility.

Recommendations

• Risk Fine-Tuning: The EA’s drawdown levels are manageable, but further fine-tuning the Martingale multiplier or trade lot sizes could help in mitigating the potential for long losing streaks.
• Win Rate Improvement: Strategies to slightly improve the win rate, such as refining entry criteria or using additional indicators, might enhance overall performance.
• Monitoring Long Losing Streaks: Since the EA experiences relatively long losing streaks, it may benefit from incorporating measures to halt trading temporarily or adjust strategies during such periods to minimize losses.