Hey fellow traders! If you’re looking for a robust automated trading system (ATS), let me introduce you to CoensioTrader1. This free, community-supported system thrives on two fundamental yet powerful market principles: market trends and price action.
CoensioTrader1 is all about trend hunting. It only dives into trades when specific market conditions are met, using the daily double exponential moving average (DEMA) to identify trends.
After extensive statistical analysis, we found that the market is considered to be in a trend if three consecutive daily DEMA values point in the same direction. Once a trend is detected, the system searches for the optimal entry point in line with this trend, utilizing the Bollinger Bands and swing-low/swing-high price action techniques.
Buy Signals
The system looks for a BUY opportunity when:
- The market is in a bullish trend;
- Price dips below the lower Bollinger Band;
- A swing low price action is established: Low → Lower Low → Higher Low.
Fig.1. Example of BUY entry
Sell Signals
The system triggers a SELL trade when:
- The market is in a bearish trend;
- Price rises above the upper Bollinger Band;
- A swing high price action is detected: High → Higher High → Lower High.
Fig.2. Example of SELL entry
Built using the MQL5 programming language, CoensioTrader1 allows for precise backtesting of multi-currency trading systems.
For successful backtesting, it’s crucial to employ a timer-based EA flow control rather than a tick-based approach. This way, you avoid stagnation when your base currency isn't receiving price ticks, especially during those quieter market hours. Plus, the system boasts a solid risk/reward ratio and utilizes a configurable trailing stop-loss mechanism with an adjustable trailing step (thanks to the TrailingStopLossStep parameter).
When it comes to lot sizes, you have options: set a fixed size using the LotSize parameter, a proportional lot size based on your stop-loss level and equity risk percentage using RiskMax, or even a dynamic lot size that adjusts according to your account balance with the LotBalanceDivider parameter. Additionally, the system features two types of take profit actions: a standard level-based take profit and an equity-based take profit. This means when your account equity exceeds your balance, you'll have the opportunity to close all trades and cash in on your profits, enhancing overall profitability.
As mentioned, CoensioTrader1 is a collaborative project. Every member is encouraged to contribute to its ongoing development. The system is designed to tap into the computing power of all contributors. When a member optimizes the system, the results are validated, and any interesting outcomes are automatically uploaded to the Coensio server database for everyone to benefit from.
The most profitable results are selected using the CoensioIndex, calculated as follows:
where BalanceGrowth[%] = 100 * Profit / InitialDeposit
Performance Results
| Rank: | CoensioIndex: | InitialDeposit: | Profit: | Growth: | ProfitFactor: | LotSize: | EquityDrawdown: | BalanceDrawdown: | Trades: | MT5 Report: | Risk Level: | User: |
| 1 | 67.44 | $100,000 | $15,387,106 | 15,387.11% | 1.49 | Proportional | 18.46% | $2,124,569 | 1714 | N/A | N/A | coensio |
| 2 | 47.31 | $100,000 | $13,949,417 | 13,949.42% | 1.50 | Proportional | 21.01% | $2,124,569 | 1705 | N/A | N/A | coensio |
| 3 | 34.78 | $100,000 | $14,974,811 | 14,974.81% | 1.46 | Proportional | 25.11% | $2,595,423 | 1772 | N/A | N/A | coensio |
| 4 | 34.60 | $100,000 | $6,394,101 | 6,394.10% | 1.55 | Proportional | 16.90% | $955,691 | 1666 | N/A | N/A | coensio |
| 5 | 29.31 | $100,000 | $14,295,499 | 14,295.50% | 1.46 | Proportional | 26.67% | $2,595,423 | 1776 | N/A | N/A | coensio |
| 6 | 27.99 | $100,000 | $14,482,465 | 14,482.47% | 1.45 | Proportional | 27.37% | $2,694,947 | 1746 | N/A | N/A | coensio |
| 7 | 24.63 | $100,000 | $11,281,092 | 11,281.09% | 1.48 | Proportional | 26.06% | $2,050,079 | 1691 | N/A | N/A | coensio |
| 8 | 23.09 | $100,000 | $13,765,372 | 13,765.37% | 1.44 | Proportional | 29.31% | $2,694,947 | 1749 | N/A | N/A | coensio |
| 9 | 22.44 | $100,000 | $13,684,551 | 13,684.55% | 1.43 | Proportional | 29.54% | $2,694,947 | 1768 | N/A | N/A | coensio |
| 10 | 19.08 | $100,000 | $1,010,846 | 1,010.85% | 1.50 | Fixed | 8.91% | $80,848 | 1588 | N/A | High | coensio |
Fig.3. Example of a backtest result (Rank=10)
Interested in more trading parameters? Check them out here: CoensioTrader1 Trading Parameters
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