Trend-following type "Morning Swing" K-Cody_GBPJPY_M15 is gaining popularity

Although we have just started measurements in June, the number of users is already increasingK-Cody_GBPJPY_M15 toGogojungle TDS Backtest in Quant Analyzer, and we would like to present the results.

K-Cody_GBPJPY_M15 is an EA dedicated to the GBP/JPY 15-minute chart.

Generally, the logic of entering in the early morning in Japan time and exiting with a small profit is called “morning scalping,” but this EA embeds a logic to enter in the early morning Japan time and maximize profits, in other words, it can be described as a “morning swing.”

The execution timeframe is the 15-minute chart, but the goal is to ride the trend at the 1-hour level, and it is a swing-type EA that is held for several days.

The indicators used are mainly two: moving averages and RSI; from the programming stage we aimed to keep things simple to avoid over-optimization.

＜中略＞

Positions may be held up to three at once, but this is not intended for averaging down. It is independent positioning that simply aligns with the entry timing.

Max Stop Loss 120 Others: Varied by internal logic

Take Profit 315　Others: Varied by internal logic

As noted on the EA page, the standout feature is that it is a swing-trade type that enters in the morning Japan time.

Because swing trading involves a relatively deep max stop loss of 120 pips and weekend position carryover, the maximum drawdown may become large. I will also pay attention to this in the backtest results.

Let's examine the 17-year TDS backtest results equity curve starting from September 2003.

From the equity curve, there has not been a pronounced maximum drawdown.

The figures are in dollars, but the data used are yen-based values, so please convert to yen.

Spread   ：Variable

Lot size                      ：0.1

Annual average profit        ：￥268,788

Monthly average profit        ：￥22,291

Annual return        ： 31.25％

Win rate                        ：61.32％

Annual average number of trades: 139

Average profit per trade        ：￥10,394

Average loss        ：▲￥11,554

Maximum drawdown：▲￥350,658（14.31%）

Next, let's look at the monthly status.

Monthly status