Without using grid, martingale, or scalping, Legend EA trades pending orders in the channel using secure algorithms. Orders are shielded from market commotion and the pursuit of Stop Loss by the EA, which only opens positions at the bar's close. has intricate Trailing Stop exits with partial closure on several targets and break-even.
EA trading algorithm legendThe trading approach used by the EA is kept a secret by the author. We can only infer that this is trading pending orders at support/resistance levels or channel boundaries.
Back testing.
There are presets for 4 currency pairs in the EA. I conducted testing on these pairs with these pre-settings.
The presets worked flawlessly for our version 1.3 even though they were created for a later version 2.0.
With just a $1,000 initial deposit, the Expert Advisor successfully completes the 10-year test. However, the maximum drawdown in this instance is not negligible and ranges from 11.29% on XAUUSD to 45.44% on EURUSD.
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