EA review - AutoGenEA
| Rating total: | |
| Backtests: | |
| Live performance: | |
| Risk control: | |
| Customizability: | |
| Price: |
| Vendor link | Price: | $150 (2020.10.06) |
| Trading strategy: | S/R levels, Momentum |
| Vendor live account: | Yes |
| Own live account: | No |
| Latest tested version: | v2.6 |
| Latest tested date: | 2019.12.22 |
| Risk factors: | False breakouts, zig zag movements |
AutoGenEA is the newest development from "Wim Schrynemakers", a well known EA developer on the MQL5 network.
The author claims that this expert advisor is developed purely by Generic Machine Learning.
"This is a process where a computer-algorithm, trained for developing trading-strategies, will generate hundreds of different strategies based on good trading logic. From this group of generated strategies, the algorithm will do generic mutations and improvements. Each strategy has been created using a 8 year period of historical data (IN-SAMPLE) and tested again multiple years of OUT-OF-SAMPLE data. Every strategy is unique, using it's own distinct entry and exit rules, which is great for diversification. Currently, the EA already has 36 fully functional, yet different strategies and runs on these pairs: EURUSD, GBPUSD, USDJPY, USDCHF, GBPJPY, EURGBP, USDCAD, AUDUSD AND EURJPY."
The author does not provide details about the different strategies that the EA is using.
Based on our analysis it seems that it's trading strong movements (momentum) and S/R levels.
It does not use any kind of martingale or grid strategy, however, it is possible to have multiple open positions for the same symbol.
It currently supports 9 pairs on the H1 time frame. The developer is pushing weekly updates currently, so it's possible that there might be more pairs available soon.
The backtests show a stable equity curve, but with longer stagnation periods.
The portfolio with all 9 pairs has a relative small profit factor of 1.31 in our tests. It is possible that real trading environments with slippage and swap costs could lower this further.
Based on our 10 year backtests, the average monthly profit would be $732.37 (using 0.10 lot per trade), while the highest drawdown was $2943.45. This is a factor of >4.0.
The longest stagnation period was 179 days.
The author provides a live signal that is currently in profit, however, it only has a very short history (around 5 weeks).
We will review the live performance once there is a longer live trading history.
Our opinion
We like the approach of developing a strategy with some years of historical in-sample data that are tested again against multiple years of our-of-sample data to verify the profitability in different market situations. However, this EA is too young to be sure that it can be profitable in the long term in a real trading environment.Live performance
Fixed lot size backtests
Why do we use fixed lot size (0.1 lots)? Check our educational page.
Dukascopy 2019.12.22, version v2.6| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.12.12 21:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62251 | Ticks modelled | 192394365 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 14915.98 | Gross profit | 37060.91 | Gross loss | -22144.93 |
| Profit factor | 1.67 | Expected payoff | 10.89 | ||
| Absolute drawdown | 346.22 | Maximal drawdown | 601.34 (3.52%) | Relative drawdown | 5.11% (520.08) |
| Total trades | 1370 | Short positions (won %) | 578 (50.35%) | Long positions (won %) | 792 (42.93%) |
| Profit trades (% of total) | 631 (46.06%) | Loss trades (% of total) | 739 (53.94%) | ||
| Largest | profit trade | 196.16 | loss trade | -72.09 | |
| Average | profit trade | 58.73 | loss trade | -29.97 | |
| Maximum | consecutive wins (profit in money) | 9 (814.04) | consecutive losses (loss in money) | 11 (-355.73) | |
| Maximal | consecutive profit (count of wins) | 814.04 (9) | consecutive loss (count of losses) | -355.73 (11) | |
| Average | consecutive wins | 2 | consecutive losses | 2 | |
| Symbol | AUDUSD (Australian Dollar vs US Dollar) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.12.13 10:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62184 | Ticks modelled | 151311129 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 4390.37 | Gross profit | 51957.28 | Gross loss | -47566.91 |
| Profit factor | 1.09 | Expected payoff | 3.03 | ||
| Absolute drawdown | 943.79 | Maximal drawdown | 3762.13 (29.22%) | Relative drawdown | 29.22% (3762.13) |
| Total trades | 1447 | Short positions (won %) | 791 (60.94%) | Long positions (won %) | 656 (57.47%) |
| Profit trades (% of total) | 859 (59.36%) | Loss trades (% of total) | 588 (40.64%) | ||
| Largest | profit trade | 163.62 | loss trade | -204.98 | |
| Average | profit trade | 60.49 | loss trade | -80.90 | |
| Maximum | consecutive wins (profit in money) | 17 (667.47) | consecutive losses (loss in money) | 12 (-1362.80) | |
| Maximal | consecutive profit (count of wins) | 1487.63 (16) | consecutive loss (count of losses) | -1362.80 (12) | |
| Average | consecutive wins | 3 | consecutive losses | 2 | |
| Symbol | EURGBP (Euro vs Great Britain Pound ) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.12.13 09:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62242 | Ticks modelled | 170465366 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 7834.72 | Gross profit | 33538.64 | Gross loss | -25703.92 |
| Profit factor | 1.30 | Expected payoff | 8.35 | ||
| Absolute drawdown | 323.31 | Maximal drawdown | 2146.97 (14.71%) | Relative drawdown | 14.71% (2146.97) |
| Total trades | 938 | Short positions (won %) | 372 (57.53%) | Long positions (won %) | 566 (50.88%) |
| Profit trades (% of total) | 502 (53.52%) | Loss trades (% of total) | 436 (46.48%) | ||
| Largest | profit trade | 176.90 | loss trade | -287.13 | |
| Average | profit trade | 66.81 | loss trade | -58.95 | |
| Maximum | consecutive wins (profit in money) | 13 (967.00) | consecutive losses (loss in money) | 7 (-1183.71) | |
| Maximal | consecutive profit (count of wins) | 994.69 (10) | consecutive loss (count of losses) | -1183.71 (7) | |
| Average | consecutive wins | 2 | consecutive losses | 2 | |
| Symbol | EURJPY (Euro vs Japanese Yen) | ||||
| Period | 1 Hour (H1) 2010.01.04 00:00 - 2019.12.13 11:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62195 | Ticks modelled | 265342654 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 10078.46 | Gross profit | 50586.26 | Gross loss | -40507.80 |
| Profit factor | 1.25 | Expected payoff | 7.38 | ||
| Absolute drawdown | 1076.56 | Maximal drawdown | 2223.94 (19.95%) | Relative drawdown | 19.95% (2223.94) |
| Total trades | 1366 | Short positions (won %) | 818 (55.38%) | Long positions (won %) | 548 (49.82%) |
| Profit trades (% of total) | 726 (53.15%) | Loss trades (% of total) | 640 (46.85%) | ||
| Largest | profit trade | 277.07 | loss trade | -155.58 | |
| Average | profit trade | 69.68 | loss trade | -63.29 | |
| Maximum | consecutive wins (profit in money) | 10 (722.09) | consecutive losses (loss in money) | 13 (-754.05) | |
| Maximal | consecutive profit (count of wins) | 842.61 (9) | consecutive loss (count of losses) | -811.73 (9) | |
| Average | consecutive wins | 2 | consecutive losses | 2 | |
| Symbol | GBPJPY (British Pound vs Japanese Yen) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.12.13 00:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62243 | Ticks modelled | 261156234 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 18614.86 | Gross profit | 82277.28 | Gross loss | -63662.42 |
| Profit factor | 1.29 | Expected payoff | 11.73 | ||
| Absolute drawdown | 738.36 | Maximal drawdown | 2455.45 (20.96%) | Relative drawdown | 20.96% (2455.45) |
| Total trades | 1587 | Short positions (won %) | 841 (32.34%) | Long positions (won %) | 746 (33.65%) |
| Profit trades (% of total) | 523 (32.96%) | Loss trades (% of total) | 1064 (67.04%) | ||
| Largest | profit trade | 325.07 | loss trade | -199.68 | |
| Average | profit trade | 157.32 | loss trade | -59.83 | |
| Maximum | consecutive wins (profit in money) | 7 (1341.85) | consecutive losses (loss in money) | 22 (-1495.42) | |
| Maximal | consecutive profit (count of wins) | 1341.85 (7) | consecutive loss (count of losses) | -1495.42 (22) | |
| Average | consecutive wins | 2 | consecutive losses | 4 | |
| Symbol | GBPUSD (Great Britan Pound vs US Dollar) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.12.12 22:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62242 | Ticks modelled | 190750427 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 7881.57 | Gross profit | 46471.30 | Gross loss | -38589.73 |
| Profit factor | 1.20 | Expected payoff | 4.90 | ||
| Absolute drawdown | 282.04 | Maximal drawdown | 1804.85 (9.96%) | Relative drawdown | 11.96% (1320.19) |
| Total trades | 1607 | Short positions (won %) | 1154 (37.52%) | Long positions (won %) | 453 (56.95%) |
| Profit trades (% of total) | 691 (43.00%) | Loss trades (% of total) | 916 (57.00%) | ||
| Largest | profit trade | 264.86 | loss trade | -204.92 | |
| Average | profit trade | 67.25 | loss trade | -42.13 | |
| Maximum | consecutive wins (profit in money) | 13 (443.76) | consecutive losses (loss in money) | 12 (-826.23) | |
| Maximal | consecutive profit (count of wins) | 691.52 (10) | consecutive loss (count of losses) | -826.23 (12) | |
| Average | consecutive wins | 2 | consecutive losses | 2 | |
| Symbol | USDCAD (US Dollar vs Canadian Dollar) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.12.13 10:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62240 | Ticks modelled | 147032506 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 7741.09 | Gross profit | 30675.37 | Gross loss | -22934.28 |
| Profit factor | 1.34 | Expected payoff | 7.45 | ||
| Absolute drawdown | 411.82 | Maximal drawdown | 1176.15 (8.64%) | Relative drawdown | 8.64% (1176.15) |
| Total trades | 1039 | Short positions (won %) | 426 (34.74%) | Long positions (won %) | 613 (44.70%) |
| Profit trades (% of total) | 422 (40.62%) | Loss trades (% of total) | 617 (59.38%) | ||
| Largest | profit trade | 130.26 | loss trade | -159.44 | |
| Average | profit trade | 72.69 | loss trade | -37.17 | |
| Maximum | consecutive wins (profit in money) | 6 (371.32) | consecutive losses (loss in money) | 11 (-312.18) | |
| Maximal | consecutive profit (count of wins) | 440.88 (4) | consecutive loss (count of losses) | -453.30 (9) | |
| Average | consecutive wins | 2 | consecutive losses | 3 | |
| Symbol | USDCHF (US Dollar vs Swiss Franc) | ||||
| Period | 1 Hour (H1) 2010.01.01 02:00 - 2019.12.12 23:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62247 | Ticks modelled | 132131524 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 6758.59 | Gross profit | 18973.96 | Gross loss | -12215.37 |
| Profit factor | 1.55 | Expected payoff | 10.54 | ||
| Absolute drawdown | 73.49 | Maximal drawdown | 714.09 (5.64%) | Relative drawdown | 5.64% (714.09) |
| Total trades | 641 | Short positions (won %) | 204 (38.73%) | Long positions (won %) | 437 (51.49%) |
| Profit trades (% of total) | 304 (47.43%) | Loss trades (% of total) | 337 (52.57%) | ||
| Largest | profit trade | 219.53 | loss trade | -261.73 | |
| Average | profit trade | 62.41 | loss trade | -36.25 | |
| Maximum | consecutive wins (profit in money) | 12 (1133.77) | consecutive losses (loss in money) | 11 (-182.35) | |
| Maximal | consecutive profit (count of wins) | 1133.77 (12) | consecutive loss (count of losses) | -596.72 (6) | |
| Average | consecutive wins | 2 | consecutive losses | 3 | |
| Symbol | USDJPY (US Dollar vs Japanese Yen) | ||||
| Period | 1 Hour (H1) 2010.01.04 00:00 - 2019.12.12 23:00 (2010.01.01 - 2019.12.19) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | ClosingOnly=false; RunOneChartSetup=false; OneChartPairs="EURUSD;GBPUSD;USDJPY;USDCHF;EURGBP;GBPJPY;AUDUSD;USDCAD;EURJPY;"; suffix=""; CustomComment="AutoGenEA"; MagicNumber_=5123400; InfoPanelSizeAdjust=1; UpdateInfoTesting=false; WaitForNewBar=true; smm="----------- Lotsize Management -----------"; mmLots=0.1; LotsizeStep=0; OnlyUp=false; | ||||
| Bars in test | 62196 | Ticks modelled | 154941423 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | 9669.00 | Gross profit | 23884.68 | Gross loss | -14215.68 |
| Profit factor | 1.68 | Expected payoff | 12.22 | ||
| Absolute drawdown | 134.25 | Maximal drawdown | 628.66 (4.67%) | Relative drawdown | 4.67% (628.66) |
| Total trades | 791 | Short positions (won %) | 401 (59.85%) | Long positions (won %) | 390 (60.51%) |
| Profit trades (% of total) | 476 (60.18%) | Loss trades (% of total) | 315 (39.82%) | ||
| Largest | profit trade | 138.92 | loss trade | -245.40 | |
| Average | profit trade | 50.18 | loss trade | -45.13 | |
| Maximum | consecutive wins (profit in money) | 9 (494.09) | consecutive losses (loss in money) | 10 (-352.22) | |
| Maximal | consecutive profit (count of wins) | 650.75 (8) | consecutive loss (count of losses) | -480.18 (5) | |
| Average | consecutive wins | 3 | consecutive losses | 2 | |
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