A MACD-driven logic that generates profits: "MAGMA GBPJPY"
A beginner-friendly design that avoids averaging down and Martingale
MAGMA gbpjpy, which has been capturing a large number of pips in the last three months.
【MAGMA gbpjpy Overview】
Currency pair：[GBP/JPY]
Trading style：[Scalping] [Day trading]
Maximum positions：2
Maximum number of lots：100（broker's maximum））
Used timeframe：M5
Maximum stop loss：100
Take profit：90
The forward period is short, about two months from March to May, but the win rate is high at 75%.
Profit factor is 3.54, and the risk-reward ratio is 3.15, which is excellent.
It looks promising for the future.
■2019 Monthly Analysis
Looking at the monthly results, it consistently earns pips.
It has been downward trending, but recently market instability due to political risk is believed to be the cause; once it stabilizes, it should again generate pips.
【Backtest Analysis】
2008.01.01‐2018.12.31
Spread 14
0.5Fixed lots
Net profit +597.9万円（Annual average 54.4万円）
Maximum drawdown −37.2万円
Total trades 1076回（Annual average 98回）
Win rate 50.14％
PF1.38
The recommended margin for safe operation is 0.5 fixed lots0.5 fixed lots
28.2*2＋(37.5*2)＝131.4(万円)になります。
Expected return is 41 and it looks like a promising EA.
■Yearly and Monthly Profit/Loss
Yearly results show a dip in 2009, but from 2010 onward it has again shown higher profits. There is some variability, but overall it has achieved substantial gains.
Looking at monthly results, many months show considerable profits, while in other months there are large losses. Overall it remains profitable, so if you manage margin carefully there shouldn't be a problem.
■Trading Image
▲ Red indicates buy, blue indicates sell, and yellow indicates close. This is an example of an uptrend; the basic approach is trend-following, but occasionally we also trade contrarian.
▲ This is a downtrend. There are many entries from selling, but there are also entries from buying. However, averaging down is not used.
The maximum position is 2, but in these two examples, most of the time only 1 position is closed.
【Summary】
Forward results are good, and with an expected annual return of 41%, this looks like a promising EA.
You may be dissatisfied with the low number of trades, but because it holds positions capable of reliably generating profits in the highly volatile GBP/JPY, be patient.
It uses counter-trend trading, but does not average down, making it beginner-friendly; with GBP/JPY as the currency pair, you could consider building a portfolio around it.
