Legend EA

Legend EA – combination of two extraordinary strategies

Legend EA trades pending orders in the channel using secure strategies without scalping, martingale and grid. The EA opens positions only at the close of the bar, which protects orders from market noise and the hunt for Stop Loss. Has complex exits using Trailing Stop with break-even and partial closure on several targets.

Сharacteristics of the Legend EA
Platform: Metatrader4
EA version: 1.3
Currency pairs: Any, recommended EURAUD, EURUSD, USDJPY, XAUUSD
Trading Time: Around the clock
Timeframe: Any, recommended M15
Recommended broker: Roboforex, XM, FTMO
Legend EA trading algorithm
The author does not disclose the EA’s trading strategy. We can only assume that this is trading pending orders at the borders of a channel or support/resistance levels.

legend-ea-work

Back Testing
The EA comes with presets for 4 currency pairs. It was on these pairs with these pre-settings that I performed testing:

EURAUD M15 | 2010-2020legend-ea-backtest-euraud-2010-2020-m15

EURUSD M15 | 2010-2020legend-ea-backtest-eurusd-2010-2020-m15

USDJPY M15 | 2010-2020backtest-usdjpy-2010-2020-m15

XAUUSD M15 | 2010-2020backtest-xauusd-2010-2020-m15

Despite the fact that the presets are designed for a later version 2.0, they came up perfectly for our version 1.3.

As you can see, the Expert Advisor confidently passes the 10-year test with an initial deposit of only 1000 USD. But the maximum drawdown in this case reaches from 11.29% on XAUUSD to 45.44% on EURUSD, which is not very small.

Expert Advisor settings
Legend has an automatic MM with a given risk level. Applies virtual Stop Loss and Take Profit that are slightly different from those seen by the broker (Broker Stop Loss, Broker Target Profit). There is a setting for trading hours, the possibility of scheduled closing of positions.