REMINDEA

Evaluation of REMINDEA Trading Strategy

Online reporting

Overview:

The REMINDEA Expert Advisor (EA) is a sophisticated trading tool that leverages specific statistical methods to detect and capitalize on market patterns. Unlike traditional strategies that rely on common candlestick formations like DOJI, REMINDEA employs advanced statistical techniques as detailed in the “Naturalis Principia“ section on www.remind.cz. This transparent approach allows traders to fully understand the underlying principles of the strategy.

Performance Summary:

Test Period: August 5, 2024 to August 27, 2024 (22 days)

Advanced Description of REMINDEA EA and the RTSPattern-Profi Indicator

The REMINDEA Expert Advisor (EA) utilizes advanced statistical methods to analyze market patterns and their impact on future price movements. REMINDEA not only autonomously detects and evaluates patterns in the chart but also ensures consistent trading with strict risk management through Stop Loss (SL) and Take Profit (TP). Derived from this EA, the RTSPattern-Profi indicator allows users to visualize curves of probable scenarios based on the same principles employed by REMINDEA. This indicator can be downloaded and used to predict future price developments directly on your trading chart.

Detailed Performance Overview:

  • Balance: $21,165.88
  • Equity: $21,375.06
  • Total Net Profit: $3,214.33
  • Gross Profit: $10,206.68
  • Gross Loss: -$6,992.35
  • Profit Factor: 1.46 (indicating that for every dollar risked, the EA generates $1.46 in return)
  • Expected Payoff: $18.69
  • Recovery Factor: 2.10 (indicating the ability to recover from losses)
  • Sharpe Ratio: 0.12 (a measure of risk-adjusted return)
  • Total Trades: 172
    • Short Trades (won %): 89 (29.21%)
    • Long Trades (won %): 83 (49.40%)
    • Winning Trades (% of total): 67 (38.95%)
    • Losing Trades (% of total): 105 (61.05%)
  • Largest Profit Trade: $1,160.40
  • Largest Loss Trade: -$444.21
  • Average Profit Trade: $152.34
  • Average Loss Trade: -$66.59
  • Maximum Consecutive Wins ($): 10 trades, totaling $851.41
  • Maximum Consecutive Losses ($): 10 trades, totaling -$590.83
  • Maximum Consecutive Profit (count): $1,401.35 across 5 trades
  • Maximum Consecutive Loss (count): -$947.70 across 5 trades
  • Average Consecutive Wins: 2 trades
  • Average Consecutive Losses: 3 trades
  • Drawdown:
    • Absolute: $947.70
    • Maximal: $1,527.47 (10.62%)
    • Relative: 10.62% ($1,527.47)

Analysis:

The EA demonstrates a solid performance with a Total Net Profit of $3,214.33, driven by a Profit Factor of 1.46. This indicates that the EA is profitable but with a relatively conservative risk-reward profile. The Recovery Factor of 2.10 suggests the EA is capable of recovering from drawdowns, though the Sharpe Ratio of 0.12 indicates that the returns come with a moderate level of risk.

The Balance Drawdown data shows that the EA has managed to keep drawdowns to a maximum of 10.62%, which is within acceptable limits for many traders. However, the winning percentage is on the lower side, with 38.95% of trades being profitable, reflecting the EA’s strategy of managing risks and letting profits run while cutting losses quickly.

RTSPattern-Profi Indicator:

The RTSPattern-Profi indicator, derived from this EA, is designed to visualize probable price scenarios directly on the trading chart. This indicator utilizes the same advanced statistical methods to detect and evaluate patterns, which are then displayed as predictive curves. The indicator is independent of the EA, meaning that the EA does not require the indicator to function, and the indicator was developed specifically for research and visual analysis purposes.

Additionally, the RTSPattern-Profi indicator currently displays lines for breakout strategies. Although this breakout method differs from the standard breakout approach, it shows great promise and can be a valuable tool for traders looking to capitalize on breakout opportunities.

Summary:

REMINEA EA and the RTSPattern-Profi indicator are powerful tools for market analysis and pattern-based trading. The EA automates the entire process of detecting, analyzing, and trading based on statistical patterns, while the RTSPattern-Profi provides visual support by displaying probable scenarios directly on the chart. These tools are ideal for advanced traders who seek to maximize their chances of success through thorough market pattern analysis and disciplined risk management.