Tribal EA is an automatic Expert Advisor. It’s not a commercial EA, but was programmed by myself after years of investigation of the markets and study of . The EA connected is version 9, after years of performing it.
Tribal EA is based on using price patterns and indicators to detect range zones. Once a range zone is detected the EA uses a trigger to decide to send a STOP BUY order or STOP SELL order depending on some specific conditions. Once the price breaks the range the STOP BUY or STOP SELL order will be executed, expecting continuity of the breaking movement, breakout or breakdown.
Tribal EA works with a maximum of 2 trades in the same pair. For example, if I configure it to open a first trade of 0.01, once this first trade is winning x pips it opens a second trade, which could be of 0.01, 0.02 or 0.03 lots, depending on my configuration.
According to backtests from 2017 and -2018 done with EURUSD:
WINNING RATIO: 75%
PROFIT FACTOR: >2.00 (profits are double than losses)
Max DD: <4% (with balance 1000USD and 0.03 Lots)
It depends on the Max Draw Down that you can support. I recommend to work with positions of 0.03 lots for each $1000. With this setting the Max DD in capital is 5%.
If you can assume higher DD ou can increase lot size, but this will impact in the Max DD. For example, if you trade with $1000 and 0.06 lots, the Max DD would be 10%.
With an account of $1000, and 0.12 lots the Max DD would be 20%, wich for some people could be too much.
In case of doubts please ask me.