hello.
i have built and now testing automated trading system implemented as Metatrader 4 expert advisor, based on Opensignal...
i like it. everything, except profit factor (1.6) is fine to me.
Is there any reliable way to improove profit factor?
About the system.
Opensignal - is a kind of black-box system. Signals are generated on server side, my client software reads them using http protocol.
Opensignal access is free to anyone and AFAIK it isnât planed to put it on commercial basis at all.
The system is always on the market, there is always one trade per chart open (EA opens first trade only if price is better than the one suggested by server, any following trades are opened at the market.)
MT4 Expert Advisor attached uses 60-minute server signals for trading.
Installation:
1) extract the attached file (opensig_client22) to MT4' experts folder.
2) allow dll function calls for EAs, by checking "allow dll imports" in expert advisorâs settings tab. (It's needed for internet access. Manual confirmation mode is not recommended here.)
3) run the EA (opensig_client22) on any of the following 7 charts: eurusd, gbpusd, usdchf , eurgbp, eurjpy, gbpjpy, usdjpy (timeframe - 60 minutes, i.e. H1.).
Approximate history performance data:
(for "portfolio" of two signals: eurusd and gbpusd.)
years in test: ~5
trades: ~1,100,
profit total: ~20,000 points,
max. drawdown: ~1,200 points,
profit factor: ~ 1.6.
Simple calculations show that for deposit of $4000, trading 0.1 lots (10,000 of base currency) on every of the 2 mentioned pairs max. drawdown is 25% and annual return is 100%.
i have built and now testing automated trading system implemented as Metatrader 4 expert advisor, based on Opensignal...
i like it. everything, except profit factor (1.6) is fine to me.
Is there any reliable way to improove profit factor?
About the system.
Opensignal - is a kind of black-box system. Signals are generated on server side, my client software reads them using http protocol.
Opensignal access is free to anyone and AFAIK it isnât planed to put it on commercial basis at all.
The system is always on the market, there is always one trade per chart open (EA opens first trade only if price is better than the one suggested by server, any following trades are opened at the market.)
MT4 Expert Advisor attached uses 60-minute server signals for trading.
Installation:
1) extract the attached file (opensig_client22) to MT4' experts folder.
2) allow dll function calls for EAs, by checking "allow dll imports" in expert advisorâs settings tab. (It's needed for internet access. Manual confirmation mode is not recommended here.)
3) run the EA (opensig_client22) on any of the following 7 charts: eurusd, gbpusd, usdchf , eurgbp, eurjpy, gbpjpy, usdjpy (timeframe - 60 minutes, i.e. H1.).
Approximate history performance data:
(for "portfolio" of two signals: eurusd and gbpusd.)
years in test: ~5
trades: ~1,100,
profit total: ~20,000 points,
max. drawdown: ~1,200 points,
profit factor: ~ 1.6.
Simple calculations show that for deposit of $4000, trading 0.1 lots (10,000 of base currency) on every of the 2 mentioned pairs max. drawdown is 25% and annual return is 100%.
