Putting my 7+ years of trading FX experience into an EA
u/Merchant1010 ·
Reddit — r/algotrading
· March 17, 2026 at 18:31
· ⬆ 17 pts
· 💬 17 comments
| View on Reddit ↗
AI Summary
Summary
The author, a self-proclaimed experienced FX swing trader, has developed an Expert Advisor (EA) for scalping, specifically targeting the XAU/USD (Gold vs. US Dollar) pair.
The author's thesis is that their EA, based on 7+ years of trading experience, can generate a good ROI with minimal drawdown and a high win rate by scalping XAU/USD, which they believe has shown favorable price action since the COVID-19 pandemic.
Quality assessment: This is speculation. The author makes claims about their EA's performance ("Good ROI, min. DD") but provides no backtesting results, methodology, or specific strategy details. It is an announcement of a personal project, not research or due diligence.
Score17
Comments17
Upvote %81%
▶ Full Post Text
I was busy for couple of weeks building this EA. I am always at heart a swing trader, in FX or stock market... but recently did some rethinking and the scalping segment of FX must not be missed.
I had played around EAs, bots for couple of months few years back...but it didn't interest me. I have changed my mind now.
From my experience, and backtesting a lot, this strategy seem to payoff quite well. Since XAUUSD has been having good price action after the C-19, I chose this asset class for my EA.
Good ROI, min. DD and win rate is also good. Let me know if you guys know something that I am missing on my algo.
I will keep on optimizing this one, will update here once in a while. I have always had the perspective that FX is a cash cow market unlike other financial markets, I plan to make profit out of FX and invest the profit into ETFs, I am targeting and pushing that FatFIRE ASAP.