GO! Standard

I have just set up a new expert advisor on the GO! Standard account. This account will be traded by a modified version of the  HumbleScalp system I described some time ago. Basically the improvements are:

• added a few additional complementary strategies to bring down drawdown. Their trading style is the same, entry conditions are just different for each strategy. This smooths the equity curve a lot, and I am a big supporter of this approach. Usually a few instances of the same strategy ran with different parameters will have much slightly lower profit but much lower drawdown than single instance with higher risk. 
• improved calculation of SL and TP - calculated based on recent volatility and not recent range. Some limitation to the maximum and minimum SL and TP still applies to avoid too low or too high levels. 
• slightly changed position management (it can take up 18 trades to follow one move). This change goes in pair with adding new strategies, simply each strategy can use just a few slots out of the available pool.

Below is a year by year 10 years EURUSD backtest (Alpari UK data, 0.8 pip spread). I know when you see backtest like this, you think this is some shitty EA that abuses the MetaTrader backtest module and opens and closes trades within one, 1-minute bar (which will produce false results, as Metatrder is considering only OHLC data from lowest available timeframe 1-mintue in the backtest). But actually the average trade time is around 1 hour. By the way I also resigned from fancy take profit trailing, because I believe Metatrader backtester is also unreliable when trailing is done with less pips then bar size.

I have a few ideas for improvement up my sleves, but I'll see how the strategy will perform on this level. I will run it with a rather high risk (nothing new though...). 

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