myMACOv4c (ver. 11) Not running

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This strategy uses an MA crossover method for trading. Basically if the fast sma reading is above the slow ema reading we have an up trend and should Buy. If the fast sma reading is below the slow ema reading we have a down trend and should Sell the market. I've experimented with different fast and slow MAs and back testing and have found That using a 9 SMA with the 34 EMA seems to produce the best results for this style of moving average crossover trading strategy. This is the latest version of my MA trading strategy and uses other readings as well to filter out weak signals or choppy markets. MA crossover strategies work best in a trending market which is why most of my testing results have shown it seems to work best on Yen currency pairs which for this version I found the best pair seems to be the EUR/JPY which its set to trade but GBP/JPY also works well. I use the MACD reading to help filter trades and confirm trend direction. Currently I compare 2 MACDs both the 5 minute TF and the 4 hour TF to check trend direction. I use 8, 17, 9 as my settings on the MACD indicator, the same settings Joe DiNapoli prefers. If both MACD readings say we have an up trend and our fast MA is above our slow MA, and has been for the last 2 periods then we have a BUY order confirmed. The opposite is true for a SELL condition. I've seen the best results for this strategy using either a 5 minute or 15 minute timeframe. This also helps the trade volume to be high enough for this competition. When choosing the trade equity for the BUY/SELL order it calculates about 20% of the account equity and places that many units in the order. So as the account equity rises the trade amount rises as well. If the account equity falls the trade amount is decreased. This is to help it from blowing the whole account amount in 1 trade or having margin called on the account. Testing has shown that in a trending market this strategy will win about 70% of its trades. I have tested with many different TP and SL settings. If the TP is higher than the SL and TP above 50 pips it works best. I am currently using TP of 54 pips and SL of 49 pips which have shown to be most profitable in backtesting. I have also implemented a stop loss moving system. Once the trade reaches 28 pips the SL is moved to secure 10 pip profit and then a trailing stop is placed to trail market at 18 pips. In case the market suddenly changes direction this gets us some profit and prevents a loss on the trade. The trail stop system isn't work properly so in my future versions I will be debugging and fixing it to work exactly as expected.

Cumulative Profit/Loss dynamics

Selected period: 01.03.2023 - 31.03.2023

Full Stats

Standings (points): 23 (250)
Performance, $ (points): 116,86K$ (170)
Drawdown, % (points): 12.31% (44)
Bonuses: 36
Average Profit Trade: 6,67K$
Average Loss Trade: -5633.52$
Profit factor: 0,00K
Number of trades: 25
Traded volume: 140,99M$
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