Expert Advisor Development on MT4/MT5 for Automated Algorithmic Trading on EURUSD M1 Data
Finamatrix Journal, September 2013
4 Pages Posted: 2 Sep 2013 Last revised: 20 Jun 2014
Date Written: September 1, 2013
This paper reports the performances of expert advisor (EA) strategies that are tested on the popular metatrader – metatrader4 (MT4) and metatrader5 (MT5) – platforms. The results compare performances of USD1,000 and USD10,000 initial capital accounts; for the test period of January 2013 to August 2013 on per minute (M1) data, the net profit returns are 91.8% and 92.9% respectively, providing evidence that the trading strategies are robust for micro-trading accounts. Further development work is to be performed for improvements in the absence of trades, reduction of the average loss trade and maximal drawdown.
Keywords: expert advisor, automated algorithms, metatrader, quantitative trading
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