Reviewing last week's market with USD/JPY one-minute scalping

Hello!

FX Research, this is Satori.

During the day the temperature can exceed 30 degrees, so it already feels like summer heat.

Measures against the heat are necessary.







What happens if you scalping with a 15-pip long-tail as a profit taking?

We tested it over the past week.


The indicator that shows arrows for long-tail order is
MT4 Long-tail Trend Indicator 1-minute Scalping.

http://fxmt4indicator.abproducts.biz/wp/?p=1400

The EA used for the test was
MT4 Long-tail Trend EA 1-minute Scalping (currently not for sale).


It makes decisions at the close price of the candle and enters at the opening price of the next candle.


The blue line is the trend-detection long-tail, but in the EA test results, for this scalping setting only the red short-term long-tail is used.


The red line is the short-term long-tail; if it rises above the previous peak (shoulder), a buy upward arrow appears; if it falls below the previous trough (waist), a sell downward arrow appears.


When using a long-term trend long-tail, the red short-term long-tail may be hidden below the blue trend long-tail, but during this period they move in the same way as the blue trend long-tail.


Because the long-tail only tracks end-of-period price movement, once you get used to it, it is very simple.

With indicators, it is also possible to set arrows to appear on up/down reversals of the trend long-tail, so you can use it even in non-trending box markets.

In the EA, whether to trade on the reversal of the long-term trend long-tail is determined by an on/off setting from the verification results.


Instead of profits amount, the plan is to choose the one that shows a steady upward trend.



The top image shows the movement of USD/JPY for the past week.

It has a pullback after the decline, right?

The bottom image shows the balance curve.

Even if the market goes down or consolidates, it is upward sloping.


The figure above is MT4's report.

For reference, we will outline the buy/sell test results and test conditions when testing with the above on a non-saleable short-term tail tester EA.

- Test period: 2017-05-15 to 2017-05-20

- Trade unit: 1 lot (100,000 currency units)

- Number of trades: 30

- 27 wins, 3 losses (win rate 90%)

- Profit factor 9.92
(This is a weekly optimization, so it is quite high.)

- Net profit: 212,200 yen

- Maximum drawdown: 27,200 yen

- Short-term red long-tail reversal width ReverseShort = 21 pips
※ When the red short-term long-tail closes above the previous peak, it is a buy; when it breaks the previous trough, it is a sell.

- Since it is a scalping setting, the trend-following long-tail is not used.
※ If using a trend, the blue long-tail trend long-tail will only buy when upward and only sell when downward.

- Take profit: 15 pips

- Stop loss: 25 pips

※ After entering, if you determine it as a failure signal, it is good to exit early, and if you determine it as a success signal, it is good to extend the take profit.

- If a 10-pip gain is achieved, 2 pips (default 4 pips) reversal trailing exit
※ Since it is a pseudo-trail that does not perform OrderModify, exit at market price on 2-pip reversal
Pseudo-trailing does not require frequent OrderModify communications with the server each time new highs and lows are set, so there is almost no load on the FX company's servers.
Please use as a reference for the specifications when the EA is released as an automated trading tool in the future.

・7 pips(default 13 pips) profit reached, then 5 pips(default 7 pips) stop raising (for buying) or lowering (for selling)

- Maximum position holding time 53 minutes (default recommended within 2 hours)
Since January 2017, it has been found effective to settle within 2 hours.

※ No weekend rollover of positions

※ On US Nonfarm Payrolls day, positions are closed at 20:00 Japan time, and trading stops until 24:00

Real-time signals for buy/sell that do not wait for candle closes are also possible.

MT4 Long-tail Trend Indicator 1-minute ScalpingWe have included about two and a half years of verification results.

http://fxmt4indicator.abproducts.biz/wp/?p=1400

As in this case, optimizing for a week yields even better results.

Please refer to the parameters.

There are also day-trading and swing versions available.

MT4 Long-tail Trend Indicator USDJPY 30-minute Day Trade

http://fxmt4indicator.abproducts.biz/wp/?p=1336

MT4 Long-tail Trend Indicator USDJPY 1-hour Swing

http://fxmt4indicator.abproducts.biz/wp/?p=1301

Thank you very much for reading up to here.


Well then, stay healthy!

----------------------------------------------------