Gate of Time EA

Here’s a detailed analysis of your new EA, Gate of Time – 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: $112,007.32
• Gross Profit: $303,565.93
• Gross Loss: -$191,558.62
• Profit Factor: 1.58 (indicating that the EA made $1.58 for every $1 lost).

Performance Highlights

• Total Trades: 7,005
  • Short Positions (won %): 3,128 (55.37%)
  • Long Positions (won %): 3,877 (56.41%)
• Winning Trades: 3,919 (55.95% of total trades)
• Losing Trades: 3,086 (44.05% of total trades)

Profit and Loss

• Largest Profit Trade: $3,458.74
• Largest Loss Trade: -$1,047.55
• Average Profit per Trade: $77.46
• Average Loss per Trade: -$62.07

Risk and Drawdown

• Absolute Drawdown: $1,153.19 (This is the maximum decline in the account balance from the initial deposit).
• Maximal Drawdown: $3,284.70 (3.14%)
• Relative Drawdown: 14.80% ($2,210.33)

Consecutive Trades

• Maximum Consecutive Wins: 20 trades, totaling $3,854.22
• Maximum Consecutive Losses: 16 trades, totaling -$484.04
• Maximal Consecutive Profit: $4,232.50 over 6 winning trades
• Maximal Consecutive Loss: -$1,802.42 over 9 losing trades
• Average Consecutive Wins: 3
• Average Consecutive Losses: 3

Key Insights

1. Profitability: The EA shows a strong profitability with a total net profit of $112,007.32, which is higher than the previous EA. The profit factor of 1.58 indicates a better return for every dollar lost.
2. Win Rate: Both short and long positions have win rates above 55%, which is a significant improvement over the previous EA. This indicates better trade selection or execution.
3. Risk Management: The absolute drawdown is lower at $1,153.19, and the relative drawdown is also reduced to 14.80%, which indicates improved risk control compared to the earlier EA.
4. Trade Efficiency: The average profit per trade has increased to $77.46, while the average loss per trade has also increased to -$62.07, showing larger individual trade gains and losses but overall higher profitability.
5. Consecutive Trades: The maximum consecutive wins and losses suggest that the EA has periods of both winning and losing streaks, but the improved win rate and drawdown metrics indicate better overall stability.

Recommendations

• Further Optimization: Even though this EA has improved metrics, further fine-tuning, especially in managing larger losses, could enhance performance.
• Dynamic Adjustments: Consider incorporating dynamic stop loss and take profit settings to adapt to changing market conditions.
• Diversification: Similar to the previous EA, testing on multiple symbols or timeframes could help reduce dependency on a single market condition.