Excellent performance on Friday's dreaded Friday FX! It has been one year since sales began.
FX can be traded for five days a week on Monday through Friday, but the demon Friday FX is an automatic trading system that only enters new positions on Fridays.
The reason for trading only on Fridays is that it is an EA with a logic that has a high edge in price movement on Fridays.
We also backtested on days other than Friday, but entries on Fridays alone yielded better results.
This time, since forward testing has been running for over a year since launch, we will also present the results of backtests and performance when operated with compound growth.
In GoGo Jean's forward testing, total EURJPY trades are seven, but in reality there are a few more.
EURJPY forward testing started on 2018/08/26, but since there was a version upgrade on 2018/10/26, we will present backtests for the period from 2018/10/26 to 2019/12/09.
☆EURJPY☆ Simple interest Spread 1 pips
☆USDJPY☆ Simple interest Spread 1 pips
Actual total EURJPY trades are 11.
Trades not reflected in forward testing also performed well!
As an EA that operates once a week, the number of trades is small, but the profit per trade is large and the win rate is high.
We also conducted backtests with compound growth, so please take a look.
☆EURJPY☆ Compound growth 30 Spread 1 pips
☆EURJPY☆ Compound growth 100 Spread 1 pips
Setting compound growth to 30 and backtesting with an initial margin of 10,000 dollars yields a net profit of 2,023 dollars, a 20% increase over 1 year and 2 months.
With compound growth of 100, it would be 6,157 dollars, a 61% increase.
Note: The USD/JPY pair does not yet include the compound growth feature, but can be supported in a future version upgrade if requested.
Because it has a high win rate and targets large profits, it is acceptable to increase the lot size on the final Friday.
Even with only weekly operation, such performance is achievable, and during periods when the demon Friday FX is not trading, funds can be utilized for other EAs or discretionary trading.
It is a capital-efficient EA as well.
It has been advertised at 9,800 yen for a fixed period, and since more than a year has passed with good results, I am considering changing the price soon.
Please consider it during the low-price period.