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Hello Traders.
this is a continuation of the discussion of forex trading using oracle EA. I haven't discussed it in a long time, and on this occasion I will review it. I have shared this expert advisory for free. Check the link in the description to download it.
my oracle EA trading starts from 1000 USD capital. and the daily take profit setting is 6 USD.
The total profit earned to date is 971 USD. Withdrawal 56%. estimated profit every month 19%. and an estimated daily profit of 0.57%.
the total profit obtained is 97.15%.
these are the trading results that I started from February 12, 2023 until now in June 2023. or more or less around 5 months.
you can see here the profit growth.
growth tends to be stable and up and sometimes there are times when experts experience losses, so on this growth chart you can also see a decline in growth.
and on June 23, 2023 the total profit earned reached 971 USD.
The total trading transactions that occurred were 794 transactions in 5 months. profit ratio 66%. the average trading duration is 1 hour more. the resulting profit factor is 2.49.
the average profit earned is 106 pips and the average loss is 166 pips. looks unbalanced. but because this expert advisor uses the martingale mechanism, the end result of trading is still a profit.
I only run on USD gold pairs only.
for trading time we can see here. most transactions are at 12 o'clock at night.
and usually will finish at 2 o'clock in the evening. if the profit target of 6 USD is met, this expert advisor will finish for the day and will not open trading positions again until the next day.
trading history.
We can see here that the lot size is opened from 0.01. and if the position opened does not make a profit, the expert advisor will open it again with a lot size of 0.01. and the next open trading position will be multiplied by the lot size.
You can pay attention to the details of the benefits that you get every month. profit from February to this time in June.
I'll switch over to the meta trader 4 terminal to show you the preset I used. My preset is the default setting, only the daily take profit setting is set to 6.
with a capital of 1000 USD. I am targeting a daily profit of 6 USD. and this video is the trading result. the drawdown that occurred was around 50% more with the initial lot opened of 0.01 lots. the total profit that can be up to 97%.
Okay. do you have experience trading forex using oracle EA? is it profitable? or is it a loss?
write your opinion in the comments column.
thank you for watching to the end.
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