Gatekeeper EA

Here’s a humanized summary and analysis of your Expert Advisor (EA) performance based on the Strategy Tester Report for “Gatekeeper – XAUUSD M30-unlocked”:

General Overview

• Symbol: XAUUSD (Gold vs USD)
• Testing Period: From May 7, 2003, to November 1, 2024, using the 30-minute timeframe (M30).
• Initial Deposit: $10,000
• Total Net Profit: $80,201.54
• Gross Profit: $250,994.72
• Gross Loss: -$170,793.18
• Profit Factor: 1.47 (indicating that the EA made $1.47 for every $1 lost).

Performance Highlights

• Total Trades: 8,207
  • Short Positions (won %): 3,172 (45.55%)
  • Long Positions (won %): 5,035 (42.84%)
• Winning Trades: 3,602 (43.89% of total trades)
• Losing Trades: 4,605 (56.11% of total trades)

Profit and Loss

• Largest Profit Trade: $890.28
• Largest Loss Trade: -$1,053.60
• Average Profit per Trade: $69.68
• Average Loss per Trade: -$37.09

Risk and Drawdown

• Absolute Drawdown: $2,412.64 (This is the maximum decline in the account balance from the initial deposit).
• Maximal Drawdown: $5,193.10 (7.05%)
• Relative Drawdown: 24.52% ($2,465.38)

Consecutive Trades

• Maximum Consecutive Wins: 15 trades, totaling $728.30
• Maximum Consecutive Losses: 22 trades, totaling -$399.54
• Maximal Consecutive Profit: $3,665.64 over 8 winning trades
• Maximal Consecutive Loss: -$2,904.18 over 9 losing trades
• Average Consecutive Wins: 2
• Average Consecutive Losses: 3

Key Insights

1. Profitability: The EA has been profitable with a total net profit of $80,201.54 over the testing period. The profit factor of 1.47 indicates more profits than losses, but there is room for improvement.
2. Trade Distribution: With a win rate of approximately 44%, the EA is losing more trades than it wins, which is common in many trading systems that focus on larger wins than losses.
3. Risk Management: The relative drawdown of 24.52% is on the higher side, which suggests the EA takes significant risks. A lower drawdown would be preferable to reduce the risk of large losses.
4. Consistency: The maximum consecutive wins and losses indicate periods of both winning and losing streaks. The EA has a reasonable balance in terms of consecutive wins and losses, but it experiences more losing trades than winning trades in terms of total counts.
5. Money Management: The strategy uses a simple Martingale money management system, which increases trade size after losses. This can amplify both profits and losses, contributing to the observed drawdown levels.

Recommendations

• Optimization: Consider optimizing the Martingale parameters to reduce drawdown and improve overall stability.
• Risk Control: Introduce more conservative risk management rules to lower the relative drawdown.
• Win Rate: Explore ways to improve the win rate, such as refining entry and exit signals or incorporating additional filters to avoid unfavorable market conditions.
• Diversification: Test the EA on different symbols or timeframes to diversify and potentially enhance overall performance.