DWMP 1.1 was programmed in MQL4 as a so-called “Expert Advisor” (EA) for the well-established and widely used trading platform Metatrader 4 and is a product of several years of research, development and optimization.
The results of extensive back tests indicate a consistently profitable performance for the period of at least the last 10 years.
The DWMP 1.1 EA can trade multiple currency pairs in multiple time frames alongside other EAs provided by MT4-Forex-EA.com on one and the same Metatrader 4 account, being part of a portfolio of diversified trading strategies that distribute risk across a variety of different assets and strategies and help to compensate losses and minimize drawdowns.
The DWMP 1.1 EA opens a position if price touches a targeted daily, weekly or monthly pivot level or one of the 3 pivot S/R levels during a retracement. If all the conditions are right, it is expected that price will bounce off of that level and that the mid-long-term trend will resume.
Various indicators and methods of technical analysis are being used to validate the trend and filter the signals.
RSI is used to check on overbought / oversold condition.
DWMP 1.1 trades quite rarely, and thus, by itself, it generates relatively low returns. It is recommended to use this strategy in combination with other strategies.
On the basis of the most recent back test results, DWMP 1.1 is currently set to trade the following currency pairs without any time restrictions (24/5):
EURUSD, GBPUSD, AUDUSD
The DWMP 1.1 strategy should be performing best during healthy trends, when market is not too volatile and price bounces off of the pivot levels on pull backs.
Poor performance is to be expected during intense price moves against the actual trend, breaking through the pivot levels.
Here is an example of a DWMP 1.1 back test result:
Number of currency pairs tested: 3
Test period: 2007.01.01 – 2016.12.31 (10 years)
Risk model: 6:1 leverage / –1.2% daily loss limit
Initial deposit: $100,000
Total net profit: $134,326
Profit factor: 1.401
Sharpe ratio: 0.1649
Win rate: 51.99%
Max. drawdown: 7.61%