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EA review - Legend

Rating total:
Backtests:
Live performance:
Risk control:
Customizability:
Price:
Vendor link | Price: $399  (2020.09.04)
Trading strategy: Trend, Counter-Trend, Momentum
Vendor live account: Yes
Own live account: No
Latest tested version:   2.1
Latest tested date: 2019.09.23
Risk factors: False breakouts

This EA has been removed from the market. If you are still interested, you could try to contact the seller directly via his profile.

The Legend EA consists of two different strategies on M15 time frame. The first strategy uses a momentum approach and enters into trend direction after a strong price movement. The EA can open multiple positions in one direction, which should be considered when calculating the desired risk settings. 

In order to diversify the exit logic, the EA partially closes the positions at different times. However, in backtests it often happend that the EA closes part of the position just to open again a new position with the exact lot size that was closed. This part of the logic produces more commission costs and is not necessary in our view. 

The second strategy trades the break of support and resistance levels. It uses stop oders at the highs and lows of the historic chart. This strategy uses a slightly higher average profit target compared to typcial SR level breakout scalpers, which should reduce the susceptibility to slippage in live trading. The second strategy also closes positions partly to diversify the exit conditions. 

Our opinion

The backtests look very good, except for XAUUSD. The average profit is high enough to account for live slippage. However, the live signal is mostly break even. But it might also be broker dependent and considering the difficult period for momentum systems lately, this EA might still be worth a try.

Fixed lot size backtests

Why do we use fixed lot size (0.1 lots)? Check our educational page.

Dukascopy 2019.09.23, version 2.1

Full backtest report

Strategy Tester: Legend
SymbolEURUSD (Euro vs US Dollar)
Period15 Minutes (M15) 2010.01.01 02:00 - 2019.09.13 23:45 (2010.01.01 - 2019.09.15)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersSpacer1="============= Strategy 1 Inputs ============="; S1Enabled=true; Spacer2="---------- Money Management S1 ------------"; UseMMS1=false; riskS1=0.8; lotsizeS1=0.1; MaxPositions=8; Spacer3="---------- Entry Variables S1 ------------"; FastPeriod=10; SlowPeriod=180; VolatilityFactor=2.5; MA1Period=15; MA2Period=2; MA3Period=5; Spacer4="---------- Exit Variabless S1 ------------"; targetprofitS1=75; stoplossS1=20; MA_Method_S1=1; TrailMA_TimeFrame_S1=15; TrailMA_Per_S1=60; TrailMA_Shift_S1=0; TrailTypeS1=0; BEActPipsS1=18; PipsToLockS1=12; BrokerTPS1=125; BrokerSLS1=40; Spacer5="---------- Partial Close Exit S1 ------------"; UsePartialCloseS1=true; PercentCloseS1=10; MinProfitPipsS1=0; CloseSpacingS1=0; Spacer6="--------- Price Gap Protection S1 -------------------"; MaxGap=12; PauseHours=4; magicnumberS1=19582; Spacer7="============= Strategy 2 Inputs ============="; S2Enabled=true; Spacer8="---------- Money Management S2 ------------"; UseMMS2=false; riskS2=1.2; lotsizeS2=0.1; MinTradeSpacing=0.1; Spacer9="---------- Entry VariablesS2 ------------"; SamplePeriod=100; LookBackPeriod=1000; OrderOffset=-2.5; Spacer10="---------- Exit Variabless S2 ------------"; targetprofitS2=125; stoplossS2=35; MA_Method_S2=1; TrailMA_TimeFrame_S2=15; TrailMA_Per_S2=45; TrailMA_Shift_S2=0; TrailTypeS2=0; BEActPipsS2=6; PipsToLockS2=4; BrokerTPS2=135; BrokerSLS2=45; Spacer11="---------- Partial Close Exit S2 ------------"; UsePartialCloseS2=true; PercentCloseS2=10; MinProfitPipsS2=0; CloseSpacingS2=0; magicnumberS2=24837; Spacer12="=============Universal Variables============="; maxspread=10; Spacer13="--------- GMT Trading Entry Hours -------------------"; UseTradeHours=false; BeginTradingHour=23; StopTradingHour=21; FridayExitHour=18; Spacer14="------------ Trading Days ------------"; Sunday=true; Monday=true; Tuesday=true; Wednesday=true; Thursday=true; Friday=true; Spacer15="---------- Holidays and NFP ---------------"; NFP_Friday=false; NFP_ThursdayBefore=true; ChristmasHolidays=false; XMAS_DayBeginBreak=22; NewYearsHolidays=false; NewYears_DayEndBreak=2; Spacer16="---------------------------------------"; TransparentDisp=false; TradeComment="Legend"; ExpMinutes=0; FIFO=false;
Bars in test244014Ticks modelled229088249Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit18030.74Gross profit39704.76Gross loss-21674.02
Profit factor1.83Expected payoff2.29
Absolute drawdown106.84Maximal drawdown752.49 (13.19%)Relative drawdown22.58% (434.30)
Total trades7886Short positions (won %)3996 (84.68%)Long positions (won %)3890 (84.27%)
Profit trades (% of total)6662 (84.48%)Loss trades (% of total)1224 (15.52%)
Largestprofit trade128.20loss trade-62.30
Averageprofit trade5.96loss trade-17.71
Maximumconsecutive wins (profit in money)68 (333.79)consecutive losses (loss in money)11 (-309.94)
Maximalconsecutive profit (count of wins)756.07 (45)consecutive loss (count of losses)-309.94 (11)
Averageconsecutive wins10consecutive losses2
Graph

Full backtest report

Strategy Tester: Legend
SymbolEURAUD (Euro vs Australian Dollar)
Period15 Minutes (M15) 2010.01.04 00:00 - 2019.09.13 23:45 (2010.01.01 - 2019.09.15)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersSpacer1="============= Strategy 1 Inputs ============="; S1Enabled=true; Spacer2="---------- Money Management S1 ------------"; UseMMS1=false; riskS1=1.2; lotsizeS1=0.1; MaxPositions=8; Spacer3="---------- Entry Variables S1 ------------"; FastPeriod=7; SlowPeriod=140; VolatilityFactor=2.6; MA1Period=30; MA2Period=2; MA3Period=15; Spacer4="---------- Exit Variabless S1 ------------"; targetprofitS1=150; stoplossS1=25; MA_Method_S1=1; TrailMA_TimeFrame_S1=15; TrailMA_Per_S1=35; TrailMA_Shift_S1=3; TrailTypeS1=0; BEActPipsS1=6; PipsToLockS1=1; BrokerTPS1=160; BrokerSLS1=35; Spacer5="---------- Partial Close Exit S1 ------------"; UsePartialCloseS1=true; PercentCloseS1=20; MinProfitPipsS1=15; CloseSpacingS1=5; Spacer6="--------- Price Gap Protection S1 -------------------"; MaxGap=12; PauseHours=4; magicnumberS1=19582; Spacer7="============= Strategy 2 Inputs ============="; S2Enabled=true; Spacer8="---------- Money Management S2 ------------"; UseMMS2=false; riskS2=1.2; lotsizeS2=0.1; MinTradeSpacing=0.1; Spacer9="---------- Entry VariablesS2 ------------"; SamplePeriod=100; LookBackPeriod=250; OrderOffset=-2; Spacer10="---------- Exit Variabless S2 ------------"; targetprofitS2=150; stoplossS2=35; MA_Method_S2=1; TrailMA_TimeFrame_S2=15; TrailMA_Per_S2=30; TrailMA_Shift_S2=3; TrailTypeS2=0; BEActPipsS2=10; PipsToLockS2=2; BrokerTPS2=160; BrokerSLS2=45; Spacer11="---------- Partial Close Exit S2 ------------"; UsePartialCloseS2=true; PercentCloseS2=10; MinProfitPipsS2=5; CloseSpacingS2=5; magicnumberS2=24837; Spacer12="=============Universal Variables============="; maxspread=10; Spacer13="--------- Trading Hours -------------------"; UseTradeHours=false; BeginTradingHour=23; StopTradingHour=21; FridayExitHour=13; Spacer14="----------------------------------------"; Sunday=true; Monday=true; Tuesday=true; Wednesday=true; Thursday=true; Friday=true; Spacer15="---------- Holidays and NFP ---------------"; NFP_Friday=false; NFP_ThursdayBefore=true; ChristmasHolidays=false; XMAS_DayBeginBreak=15; NewYearsHolidays=false; NewYears_DayEndBreak=3; Spacer16="---------------------------------------"; TransparentDisp=false; TradeComment="Legend"; ExpMinutes=0; FIFO=false;
Bars in test243797Ticks modelled294112537Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit7189.02Gross profit16238.58Gross loss-9049.56
Profit factor1.79Expected payoff2.87
Absolute drawdown266.80Maximal drawdown679.85 (18.48%)Relative drawdown36.71% (521.45)
Total trades2509Short positions (won %)1130 (71.86%)Long positions (won %)1379 (75.71%)
Profit trades (% of total)1856 (73.97%)Loss trades (% of total)653 (26.03%)
Largestprofit trade111.72loss trade-42.89
Averageprofit trade8.75loss trade-13.86
Maximumconsecutive wins (profit in money)36 (256.04)consecutive losses (loss in money)15 (-253.33)
Maximalconsecutive profit (count of wins)688.91 (33)consecutive loss (count of losses)-253.33 (15)
Averageconsecutive wins6consecutive losses2
Graph

Full backtest report

Strategy Tester: Legend
SymbolUSDJPY (US Dollar vs Japanese Yen)
Period15 Minutes (M15) 2010.01.04 00:00 - 2019.09.13 23:45 (2010.01.01 - 2019.09.15)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersSpacer1="============= Strategy 1 Inputs ============="; S1Enabled=true; Spacer2="---------- Money Management S1 ------------"; UseMMS1=false; riskS1=1.6; lotsizeS1=0.1; MaxPositions=3; Spacer3="---------- Entry Variables S1 ------------"; FastPeriod=12; SlowPeriod=60; VolatilityFactor=2.4; MA1Period=35; MA2Period=2; MA3Period=7; Spacer4="---------- Exit Variabless S1 ------------"; targetprofitS1=75; stoplossS1=20; MA_Method_S1=1; TrailMA_TimeFrame_S1=15; TrailMA_Per_S1=35; TrailMA_Shift_S1=3; TrailTypeS1=0; BEActPipsS1=6; PipsToLockS1=1; BrokerTPS1=0; BrokerSLS1=25; Spacer5="---------- Partial Close Exit S1 ------------"; UsePartialCloseS1=true; PercentCloseS1=10; MinProfitPipsS1=15; CloseSpacingS1=5; Spacer6="--------- Price Gap Protection S1 -------------------"; MaxGap=12; PauseHours=4; magicnumberS1=19582; Spacer7="============= Strategy 2 Inputs ============="; S2Enabled=true; Spacer8="---------- Money Management S2 ------------"; UseMMS2=false; riskS2=1.6; lotsizeS2=0.1; MinTradeSpacing=0.1; Spacer9="---------- Entry VariablesS2 ------------"; SamplePeriod=90; LookBackPeriod=270; OrderOffset=-0.5; Spacer10="---------- Exit Variabless S2 ------------"; targetprofitS2=150; stoplossS2=35; MA_Method_S2=1; TrailMA_TimeFrame_S2=15; TrailMA_Per_S2=30; TrailMA_Shift_S2=3; TrailTypeS2=0; BEActPipsS2=4; PipsToLockS2=2; BrokerTPS2=160; BrokerSLS2=45; Spacer11="---------- Partial Close Exit S2 ------------"; UsePartialCloseS2=true; PercentCloseS2=10; MinProfitPipsS2=5; CloseSpacingS2=5; magicnumberS2=24837; Spacer12="=============Universal Variables============="; maxspread=10; Spacer13="--------- Trading Hours -------------------"; UseTradeHours=false; BeginTradingHour=23; StopTradingHour=21; FridayExitHour=13; Spacer14="----------------------------------------"; Sunday=true; Monday=true; Tuesday=true; Wednesday=true; Thursday=true; Friday=true; Spacer15="---------- Holidays and NFP ---------------"; NFP_Friday=false; NFP_ThursdayBefore=true; ChristmasHolidays=false; XMAS_DayBeginBreak=15; NewYearsHolidays=false; NewYears_DayEndBreak=3; Spacer16="---------------------------------------"; TransparentDisp=false; TradeComment="Legend"; ExpMinutes=0; FIFO=false;
Bars in test243816Ticks modelled183925682Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit4368.14Gross profit10474.71Gross loss-6106.57
Profit factor1.72Expected payoff2.03
Absolute drawdown210.76Maximal drawdown426.77 (35.10%)Relative drawdown35.10% (426.77)
Total trades2152Short positions (won %)984 (76.32%)Long positions (won %)1168 (83.13%)
Profit trades (% of total)1722 (80.02%)Loss trades (% of total)430 (19.98%)
Largestprofit trade300.49loss trade-60.11
Averageprofit trade6.08loss trade-14.20
Maximumconsecutive wins (profit in money)54 (413.25)consecutive losses (loss in money)13 (-72.14)
Maximalconsecutive profit (count of wins)494.58 (50)consecutive loss (count of losses)-168.16 (4)
Averageconsecutive wins6consecutive losses2
Graph

Full backtest report

Strategy Tester: Legend
SymbolXAUUSD (Gold vs US Dollar)
Period15 Minutes (M15) 2010.01.01 02:00 - 2019.09.13 23:45 (2010.01.01 - 2019.09.15)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersSpacer1="============= Strategy 1 Inputs ============="; S1Enabled=false; Spacer2="---------- Money Management S1 ------------"; UseMMS1=false; riskS1=1.6; lotsizeS1=0.1; MaxPositions=30; Spacer3="---------- Entry Variables S1 ------------"; FastPeriod=12; SlowPeriod=60; VolatilityFactor=2.4; MA1Period=35; MA2Period=2; MA3Period=3; Spacer4="---------- Exit Variabless S1 ------------"; targetprofitS1=75; stoplossS1=20; MA_Method_S1=1; TrailMA_TimeFrame_S1=15; TrailMA_Per_S1=35; TrailMA_Shift_S1=3; TrailTypeS1=0; BEActPipsS1=6; PipsToLockS1=1; BrokerTPS1=0; BrokerSLS1=25; Spacer5="---------- Partial Close Exit S1 ------------"; UsePartialCloseS1=true; PercentCloseS1=10; MinProfitPipsS1=0; CloseSpacingS1=0; Spacer6="--------- Price Gap Protection S1 -------------------"; MaxGap=200; PauseHours=1; magicnumberS1=19582; Spacer7="============= Strategy 2 Inputs ============="; S2Enabled=true; Spacer8="---------- Money Management S2 ------------"; UseMMS2=false; riskS2=1.5; lotsizeS2=0.1; MinTradeSpacing=0.1; Spacer9="---------- Entry VariablesS2 ------------"; SamplePeriod=100; LookBackPeriod=1000; OrderOffset=-2; Spacer10="---------- Exit Variabless S2 ------------"; targetprofitS2=150; stoplossS2=10; MA_Method_S2=1; TrailMA_TimeFrame_S2=15; TrailMA_Per_S2=40; TrailMA_Shift_S2=5; TrailTypeS2=0; BEActPipsS2=4; PipsToLockS2=2; BrokerTPS2=250; BrokerSLS2=60; Spacer11="---------- Partial Close Exit S2 ------------"; UsePartialCloseS2=true; PercentCloseS2=10; MinProfitPipsS2=0; CloseSpacingS2=0; magicnumberS2=24837; Spacer12="=============Universal Variables============="; maxspread=10; Spacer13="--------- Trading Hours -------------------"; UseTradeHours=false; BeginTradingHour=23; StopTradingHour=21; FridayExitHour=13; Spacer14="----------------------------------------"; Sunday=true; Monday=true; Tuesday=true; Wednesday=true; Thursday=true; Friday=true; Spacer15="---------- Holidays and NFP ---------------"; NFP_Friday=false; NFP_ThursdayBefore=true; ChristmasHolidays=false; XMAS_DayBeginBreak=15; NewYearsHolidays=false; NewYears_DayEndBreak=3; Spacer16="---------------------------------------"; TransparentDisp=false; TradeComment="Legend"; ExpMinutes=0; FIFO=false;
Bars in test234043Ticks modelled276784498Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit3809.54Gross profit13969.99Gross loss-10160.45
Profit factor1.37Expected payoff1.59
Absolute drawdown5.00Maximal drawdown992.21 (20.18%)Relative drawdown20.18% (992.21)
Total trades2403Short positions (won %)1079 (71.18%)Long positions (won %)1324 (76.81%)
Profit trades (% of total)1785 (74.28%)Loss trades (% of total)618 (25.72%)
Largestprofit trade322.90loss trade-87.50
Averageprofit trade7.83loss trade-16.44
Maximumconsecutive wins (profit in money)44 (462.50)consecutive losses (loss in money)8 (-164.70)
Maximalconsecutive profit (count of wins)462.50 (44)consecutive loss (count of losses)-180.80 (6)
Averageconsecutive wins5consecutive losses2
Graph

Portfolio backtest

Link to PDF file

Portfolio backtest

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