TRADER’S MOON（EA）Basic Information
|Currency Pair||AUDCAD, GBPAUD, AUDNZD, NZDCAD, EURCHF, EURGBP, EURSGD, GBPCAD|
|Money Back Guarantee||The vendor offers 30 days money back guarantee. Only when the EA is operated according to the vendor’s recommended settings and drawdown of 35% or more occurs.|
The developer is the same as TRADER’S SUN , so it is cheaper to purchase with it.
TRADER ’S SUN is trend follow EA, not a martingale or grid system. This is also a popular EA.
Martingale EA generally runs on pairs such as EURUSD, USDJPY, AUDUSD. However, TRADER’S MOON does not include these currency pairs.
The main currency pair is AUDCAD, which is a martingale EA that runs on less major currency pairs.
Profitability / Drawdown
Broker：IC Markets（Real account）
|(Information as of 2020-05-09)||Date||Balance|
|Lot Size||(Adjust according to balance)|
|Total rate of return||+146.4%|
|Monthly rate of return (compound)||+5.5%|
|Monthly rate of return (single)||–|
|Profit trades (% of total)||75.0%|
The maximum drawdown is 41%, which is relatively large level, but more than a year has passed since the start of the forward test, and it has shown a nice upward rising profit curve.
It is a characteristic of the Martingale EA that it draws a nice upward rising profit curve. However, this is natural because it operates without loss cut.
The maximum drawdown value (%) of equity can be specified by the parameter. Therefore, the risk of the account balance becoming zero at once can be avoided. However, you should be aware of the potential for relatively large drawdowns.
Trading Method Analysis-First Entry
First, TRADER ’S MOON makes a contrarian entry during the Asian session. If the market moves to the opposite side of the entry direction, it will make additional entries with a larger lot size.
The Asian session is from 22:00 to 10:00 in MT4 server time (GMT + 2/3).
It can be said that this time zone is suitable for contrarian EA because the market price does not change much compared to other time zones. TRADER ’S MOON make a contrarian entry during this time.
In the MT4 trading chart below, you can see that it made first entry on the contraly side, and if the price moves in the favorable direction, it take profit with single position, while if the price move in the unfavorable direction, it made additional entries.
■AUDCAD 1H White＝BUY Red＝SELL
Trading Method Analysis-Additional EntryThe MT4 trading history chart below shows that 10 positions have been opened due to downward trend after Buy entry.
■AUDCAD 30M White＝BUY Red＝SELL
The distance between each entry is relatively small, about 15 to 30 pips.
The lot size for additional entries seems to vary depending on the situation. The pips distance from the previous entry and the increase rate of the lot size are shown below.
■ AUDCAD 10 positions in total
|Entry No.||Lot Size||Pips distance from previous position||Entry date||Entry price|
|No.1||0.01 lot||–||2019.07.23 03:47||0.92229|
|No.2||0.01 lot||-32.2 pips||2019.07.24 02:08||0.91907|
|No.3||0.02 lot||-25.4 pips||2019.07.24 11:44||0.91653|
|No.4||0.03 lot||-18.3 pips||2019.07.25 09:08||0.9147|
|No.5||0.04 lot||-18.9 pips||2019.07.26 15:00||0.91281|
|No.6||0.07 lot||-18.5 pips||2019.07.26 17:50||0.91096|
|No.7||0.10 lot||-17.1 pips||2019.07.29 04:01||0.90925|
|No.8||0.17 lot||-31.9 pips||2019.07.30 16:47||0.90606|
|No.9||0.17 lot||-18.7 pips||2019.07.30 21:50||0.90419|
|No.10||0.17 lot||-15.7 pips||2019.07.31 03:58||0.90262|
|Entry No.||Lot Size||Pips distance from previous position||Entry date||Entry price|
|No.1||0.01 lot||2019.11.11 02:55||1.08157|
|No.2||0.01 lot||-26.1 pips||2019.11.11 11:03||1.07896|
|No.3||0.02 lot||-146 pips||2019.11.14 02:30||1.06436|
|No.4||0.03 lot||-23.4 pips||2019.11.14 12:58||1.06202|
|No.5||0.04 lot||-13.6 pips||2019.11.20 11:44||1.06066|
|No.6||0.07 lot||-18.9 pips||2019.11.21 10:07||1.05877|
|No.7||0.07 lot||-39.9 pips||2019.11.25 23:45||1.05478|
|No.8||0.07 lot||-14.5 pips||2019.11.28 02:15||1.05333|
|No.9||0.07 lot||-12.5 pips||2019.12.02 00:09||1.05208|
|No.10||0.07 lot||-35.1 pips||2019.12.04 02:30||1.04857|
|No.11||0.07 lot||-14.9 pips||2019.12.05 01:03||1.04708|
|No.12||0.07 lot||-24.2 pips||2019.12.05 02:28||1.04466|
|No.13||0.07 lot||-26.5 pips||2019.12.06 15:55||1.04201|
|No.14||0.07 lot||-26.6 pips||2019.12.11 02:01||1.03935|
|No.15||0.07 lot||-21.7 pips||2020.01.07 10:04||1.03718|
|No.16||0.07 lot||-41.9 pips||2020.01.08 09:44||1.03299|
On the other hand, in the case of AUDNZD, it is up to 7 times.
You can see that lot size does not increase after 6-8 positions.
The lot size increasing rate seems to vary depending on the situation, but seems to be no limit on the number of positions.
Trading Method Analysis-Exit
If it get floating profit on the first entry and exit with single position, will earn about 10-12 pips.
On the other hand, as already explained,
If the price goes backwards from the entry, it will make additional entries by martingale.
Trading Method Analysis-Frequency
Since it operates with 8 currency pairs, trading frequency will be higher. Trade every day.
The table below shows the currency pairs. AUDCAD pairs have the most transactions. The minor EURSGD (Euro / Singapore dollar) is also traded relatively often.
■ Number of transactions / pips gain by currency pair (2018-12-21 to 2020-5-6)
|Currency||Trades||Percentage of transactions||Pips gain|
Forward Test Environment
TRADER ’S MOON’s forward test environment is a real account.
The trading environment differs between demo and real.
Even though the price movements look the same, there are differences in the execution such as slippage. So even if the same EA, the results may be different between demo and real.
In the first place, the results with real account is open to the public, so it can be considered that it has been proven that profits can be made with real accounts.
Back Test Result
|Lot Size||[Fixed] 0.01 lot (Martingale)|
|Total rate of return||686.4%|
|Monthly rate of return (compound)||4.2%|
|Monthly rate of return (single)||12.5%|
|Relative max drawdown||22.0%|
|Maximal drawdown||218||Ratio with initial balance:43.6％|
|Profit trades (% of total)||72.1%|
In the backtest, the initial entry is a fixed 0.01 lot, and the average monthly profit rate (single interest) is 12.5%. Highly profitable.
However, the initial balance of $ 500 is too small for a martingale EA.
The Martingale EA endures floating losses and ultimately makes a profit. Therefore, the larger the balance, the less risk of loss. Conversely, the smaller the balance, the higher the risk of loss.
Therefore, you should prepare a balance that can withstand floating losses. At least, it is better to prepare about $ 1000 per 0.01 lot as in the forward test.
If the balance is large, the profit rate will not be the same as the backtest result. Even so, it trade with multiple currencies with high frequency, so even if fixed lots of 0.01 lots, it is calculated that it make about $65 a month.
Summary of TRADER’S MOON
It is a marchingale EA that supports relatively minor multi-currency pairs.
Since it moves on a multi-currency pair, the transaction frequency is high, so it can expect high profit rate.
On the other hand, it moves while allowing large floating loss. Therefore, relatively large drawdown may occur at one time.
It is better not to be recognized as an unbeatable EA, but even if large loss occurs, if it can win in total, it is worth it.
Recommended Broker for TRADER’S MOON
Some brokers offer 100% deposit bonuses that double your balance.
Martingale EA like TRADER’S MOON operates with floating loss, so it is advantageous to have as many account balance as possible and it will operate stably. On the contrary, if the balance is small, the risk of large loss is high.
Therefore, the deposit bonus of Forex brokers is definitely good service to use.
Especially, the 100% bonus of “XM (XM Trading) Standard Account“ will cover the floating loss even if the equity balance reaches 0. (Other brokers only have the advantage of be able to open large position, and the bonus disappears when the equity balance reaches 0.)
With a deposit of $ 500, you can trade twice as much as $ 1000, and the maximum leverage is 888 times, which is the most advantageous operating environment for TRADER’S MOON.
In addition to the double deposit bonus, you can also get an account opening $30 bonus at XM.
* To receive a 100% deposit bonus + $30 account opening bonus, select “Standard Account (1lot = 100,000)”. Bonus cannot be received with Zero account.