Market Phase Analysis answers the following questions:-

1. In which market phase does this EA produce the best results and with which settings
2. In which market phase does the EA produce the worst results
3. How can the transition between market phases be best managed.
4. Can one learn to manage risk better with Market Phase Analysis

Market Phases Used

In order to start the phase analysis we are going to use 4 basic market phases to start with and analyse how the EA performs in each. We may expand the analysis including more market types.

The other approach is to analyse the results of optimised currencies and time-frames using the Balance/ Equity Graphs and comparing the periods of gain to the actual price action on the charts.