Bonus trades on four currency pairs, only when there is a sharp price movement!
UMA
Currency pairs
- [USD/JPY]
- [EUR/USD]
- [GBP/USD]
- [AUD/USD]
Maximum number of positions
20
Operation type
Multiple-lot trading
Features:
On a 1-minute chart, it makes precise trend-following entries when there is a sharp price movement,
and this EA closes positions when the take profit optimized for each currency pair is reached.
【Entry image】
As shown in the image,1 minute chart moves significantly, enter in the trend direction.
An EA will monitor 24 hours to catch timings you might miss manually.
Check backtests for each currency pair
【USDJPY】
Monthly profits
You can see which months there were no trades. Only 2008 stands out; it was a Niagara Falls year.
【GBPUSD】
【Monthly profits】
There is a large loss in June 2016.
Other years, aside from 2008, seem to average around $1,000–$2,000.
【AUDUSD】
【Monthly profits】
Perhaps price movements are not very volatile, resulting in fewer entries.
【EURUSD】
【Monthly profits】
Most months are losses, but it still earns relatively well, so
it seems better to use it in combination rather than alone.
To control risk!
With the default parameters, it holds up to 20 positions, at 0.1 lot per currency pair,
since the stop-out (SL) is 800-1000 pips, you could lose as much as 2,000,000 with 200,000 units × 1,000 pips.
It's not zero.
In reality, it only enters in directions with an edge, so the probability is almost zero,
Also, the past maximum number of simultaneous positions has never reached 20.
However, those who want strict money management should adjust the number of positions and the lot size, or
perhaps reduce the stop loss a bit.
Also, if you hold a position for more than XX days, a stop-out will occur,
You can also include a time-limited stop-out rule (default is 7).
To counter range-bound and contrarian EAs, this EA seems poised to be a useful addition to a portfolio!
Rare trading strategy EA, “UMA”
