They will generate less DD comparing to the other timeframes.
No, it is not EA martingale based.
Just one more thing, please! I am not comfortable traind all 12 pairs. If I were to trade only 2 or 4 pairs at the beginning, what would they be? I'd like to hear about your suggestions because backtesting all the 12 pairs would take probably days, I am afraid.
All the testing results have been on non-US based brokers which allow hedge trades. Are there any back or forward tests for this ea that would show it's profitability on a US broker that wouldn't allow the buy/sells on the same currency pair???
1 - EURJPY
2 - USDCAD
3 - EURCHF
4 - AUDUSD
5 - EURUSD
6 - EURGBP
7 - GBPUSD
8 - USDJPY
9 - USDCHF
10 - EURAUD
11 - GBPJPY
12 - GBPCHF
You can ignore GBPUSD, USDJPY, USDCHF, and you can forget EURAUD, GBPJPY, GBPCHF.
I would suggest you to try the reverse settings and the no reverse settings on the x best pairs (1-6 in the previous top) for timeframes under H4. You have to set a different magic number (for example magic=1234 for reverse and 4321 for no reverse). This should work the best on TF M30 (this one is followed by M15, M5, and H1). On the mid term, you will have less DD if you apply the reverse and no reverse sets.
On the first one you set the EA on "short only", and on the other account, you set it on "long only".