EliteGain Trading Strategy: Proven Performance Over 2 Years
- Writer
- Mar 4
- 4 min read
EliteGain is our first-ever Martingale trading system that has consistently delivered impressive results in real accounts for over two years, with its performance proudly documented on Myfxbook. This system has undergone continuous updates and developments, culminating in the current version, which is our most refined and comprehensive yet.
Backtest Results on EUR/USD
The backtest results for the EliteGain strategy, conducted on the EUR/USD pair with a 1-hour time frame using Vantage MT5 broker, showcase a remarkable journey that began in 2013 and extends to 2024. Starting with an initial investment of $1,000, the strategy generated a total profit of $102,585. For a detailed analysis, you can view the Strategies Test for MT4 [here].
*Please note that past performance does not guarantee future results.
Real Account Trading Results
This EA has traded in real accounts for over two years, with results available for verification on Myfxbook, demonstrating a satisfactory return along with a low drawdown rate. This track record highlights the reliability and potential of the EliteGain system for traders looking for a resilient trading strategy.
Trading Strategy Breakdown
The EliteGain strategy enters a buy position when the Heiken Ashi indicator transitions from a red to a white candle. It utilizes additional indicators such as MACD, RSI, CCI, and ADX to filter signals. Conversely, a sell order is initiated when opposing signals arise.
The first order is set with an automatic Take Profit (TP). If the price reaches the TP, no additional orders are opened to double the lot size. Historical trading statistics in real accounts indicate that this system boasts a high win rate for the initial order. However, if the market moves contrary to the EA's predictions, the system employs a Martingale money management approach, doubling the lot size from the second order onward.
While the Martingale strategy can lead to significant monthly profits, it carries the risk of overtrading and excessively increasing lot sizes.
Robust Testing and Resilience
Our EA has been rigorously backtested with detailed tick data and has proven resilient in the market for over 12 years, maintaining a maximum risk level of AutoLot = 100, which users can adjust within the EA settings. This reliability affirms EliteGain's capability to withstand varying market conditions while delivering consistent performance.
In summary, the EliteGain trading strategy combines innovative indicators and tested money management techniques, making it a valuable tool for both new and experienced traders in the forex market.
EA Setting
EA Settings for EliteGain
For Standard Accounts (Contract Size = 100,000)
When setting up the EA, investors have three options for the Lot Sizing Method:
1. AutoLot:
- If you choose AutoLot, the system calculates the lot size as a percentage of your account balance. With the default setting of AutoLot_BasePercentOfBalance set to 100, the EA will place the first order with a lot size of 0.01 for a capital of $1,000. The lot size for subsequent orders will automatically adjust based on any changes in the account balance.
2. RiskLevel:
- Selecting RiskLevel allows the system to calculate the lot size of the initial order based on a percentage of the account balance but specifically aligned with the risk level chosen by the investor. The available options are Low Risk, Moderate Risk, Medium High Risk, and High Risk.
3. Fixlot:
- This option lets users define a fixed lot size for the first order, regardless of account balance changes. For instance, if you set Fixlot to 0.01, the system will always execute the first order with a lot size of 0.01.
For Micro or Cent Accounts
For Micro or Cent accounts, it is not recommended to use the RiskLevel Lot Sizing Method, as it is specifically tailored for standard accounts. Investors may choose either the AutoLot or Fixlot methods based on their preferences.
Recommended Configuration:
- For Micro accounts, it is suggested to set AutoLot to 10.
- For Cent accounts, setting AutoLot to 1 is advisable.
Recommendations for Using EliteGain EA
1.Account Type:
- It’s best to use accounts with low spreads, such as ECN, Raw, or Pro accounts.
2. Leverage:
- A leverage of 1:100 or higher is encouraged for optimal performance.
3. Starting Capital:
- The initial capital recommended is $1,000 for standard accounts or 1,000 US cents for Cent accounts (1,000 US cents = $10).
If you're unsure about how to configure the EA for your specific account type and broker, feel free to reach out to our team via email for personalized recommendations based on your situation. Happy trading!
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