A Multicurrency Forex EA Using Averaging into Losing Positions

Summary

In this interview, Automated Trading Championship participant Ge Senlin describes the design and testing of his multicurrency Expert Advisor. The EA adds volume to losing positions and waits to close positions at a profit, while also monitoring account-level profit or loss. It does not use fixed stop-loss, take-profit, or trailing-stop levels. The trader says he selected eight currency pairs after individual tests found the remaining pairs less suitable, and scheduled the EA to evaluate signals hourly to limit resource use.

Senlin discusses the strategy as a high-risk approach and reports that his prior EA had programming and deployment problems. He says the new version was back-tested profitably and had reached the competition's top ten at the time of the interview, but offers no detailed performance statistics or risk measures. The account reflects one participant's experience, not independent validation; adding exposure to losing trades can create substantial drawdown and does not ensure eventual recovery.

Key ideas

• The EA increases position volume as trades move against it and aims to close positions when they become profitable.
• The system avoids fixed stop-loss, take-profit, and trailing-stop levels, relying instead on account-level monitoring.
• The trader chose currency pairs based on individual tests and ran signal checks hourly to reduce computation.
• The interview presents competition standing and backtest profitability without detailed performance or drawdown data.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.