Gamera EA Forex

Figure 1: Backtest results of Gamera EA on EUR/USD pair

Table of Backtest System Setup
Item	Details	Item	Details
Data	Tick data (99.90%)	Leverage	1:500
Spread	Variable	Optimize Slippage	Use
Market delay	30-40 ms	Pending delay	30-40 ms
Maximum backtest period possible is 6 years

Our myfxbook backtest results show Gamera EA can generate average profits of 0.5-10% per month even during the Covid-19 crisis. While monthly profits may vary, for investors, annual returns of 40%+ are quite significant

Additionally, myfxbook analysis shows Gamera EA has a maximum order hold time of about 41 hours and minimum of 1-2 hours, with most trades closing in profit within 5-6 hours

Monte Carlo Analysis (simulation) is a technique that helps assess risk and profit potential of Forex EAs more realistically, with various methods available

For this test, we chose the Resampling method as it’s the most stringent. It not only randomizes our order entries but ensures they don’t repeat, resulting in significant changes to both Net Profit and DD

Test results show at 95% CI, Gamera EA maintains profitability (Net profit = 189.65%) while MAX%DD is only 2.43% with Ret/DD of 55.71, achieving up to 7 consecutive wins

Additionally, Predict/Verify strategy performance shows that even in the worst-case scenario, Gamera EA would still profit approximately $1593.04, which is quite respectable

• Auto lot Function
• Dynamic Grid system
• Spread Filter and Maximum order adjustment!
• etc.

• Currency Pair: EUR/USD
• Time frame: H1
• Minimum capital: $1,000 or 10,000 USC (recommended)
• VPS: mt4could (recommended) as it allows selecting Server Location close to Broker to significantly reduce Ping or Latency

These tests are based purely on data and statistical assumptions. Traders should test with demo accounts or conduct their own backtests first. Investment always carries risk (with minimum capital of $1,000, DD can reach up to 59%)

What is EMA

EMA or Exponential Moving Average is a technical indicator used in stock, forex, and other market analysis, typically used for entry/exit signals and importantly, for trend analysis

EMA stands for Exponential Moving Average, a calculation type within Moving Average (MA) indicators using exponential calculations

This calculation considers historical price relationships exponentially, making EMA move faster than Simple Moving Average (SMA)

Moving Average Indicator Operating Principles

Calculation Formula

Originally, EMA was derived from SMA with the following formula

The equation showed that SMA responds well to short-term price changes but is slower in long-term responses

This led to developing a weighted average method that better addresses this issue, resulting in EMA, calculated using the following formula

After understanding EMA’s background, here are trading tips using different EMA period settings for various situations

Moving Average	Price Movement
10-day moving average (2 weeks)	– Short term
25-day moving average (5 weeks)	– Short to Medium term
50-day moving average (10 weeks)	– Medium term
200-day moving average (40 weeks)	– Long term

How to Use EMA Indicator

EMA can be used in various ways, typically using 2 or more EMA lines depending on individual trading techniques. Here are common examples

• 15-day short-term and 50-day long-term averages
• 50-day short-term and 200-day long-term averages

Let me demonstrate using 50-day short-term and 200-day long-term averages for market trend analysis. First, open MT4 and select Moving Average as shown below

After selecting Moving Average, configure settings as shown below, setting Period to 50 days and MA method to Exponential

Then choose color and line thickness as preferred, and repeat the process for the 200-day period with a different color to distinguish between lines

After adding EMA 50 and EMA 200, your chart will show two lines as below

Now let’s look at usage. As mentioned, EMA is a technical indicator for trend direction analysis. In the first example below, EMA 50 crosses EMA 200 downward, suggesting a potential downward trend change – a possible Sell entry point

Conversely, when EMA 50 crosses EMA 200 upward, it suggests a potential upward trend change – a possible Buy entry point, as shown below

“Victory never comes by chance. It takes a thousand days to forge the spirit and ten thousand days to polish it to brilliance. It requires disciplined training”