A discussion on the edge in which using limit orders in Ajinitchi yields a 6-0 win rate in one week
Good morning everyone.
We have published 【Hyb r id 型 FX Trade Style Ajinitchi Video Commentary VOL.6】.
If you’re interested, please read this article along with the video.
First, get the latest information on LINE!
↓ Here is the latest information for “Ajinitchi”!
Today's title is “A talk on win rate and edge when using limit orders with Ajinitchi.”
Do you ever use limit orders?
I use both stop orders and limit orders.
In the framework introduced here【Hyb r id 型 FX Trade Style Ajinitchi】, we summarize the combination of signal tools and EAs and publish it as a method.
This is a method I confidently recommend after 15 years of trading history, including 10 years of not being able to win, so please study it for free.
Even if you don’t purchase the system, it should be useful for developing your own trading skills and market sense.
Now I’d like to proceed with this video commentary in still-image version.
Today is Friday, February 18, 2022, but the first video recording was on the night of the 16th.
I was casually looking at the chart, and I felt that the AUDUSD long signal might continue to rise a bit more, so I started recording to publish Ajinitchi’s trading method using limit orders.
This is the chart screen from that time. ↓
As explained above, there was a long signal on Tuesday, and by the time I placed the limit order and started recording, two full days had passed.
Don’t you think this trend will continue a little longer?
Or should we judge it as a peak and do a short counter-trend?
This is where the decision and action diverge between contrarian thinking and trend-following thinking.
I judged that the long would continue for a while, and placed a limit order at a yellow circle. ↑
And I drew a horizontal line with the MT4 default horizontal line tool. Here it is. ↓
As explained above, by pressing the built-in function “Create horizontal line” in MT4 and drawing the line at your preferred place, the two lines for “Stop Loss” and “Take Profit” are automatically set at the same time as shown above.“Stop Loss” and “Take Profit”are automatically configured.
This is because the values for SL and TP, specified in the parameters in advance, are applied at the moment you draw the horizontal line.
The internal parameters of the EA look like this. ↓
Here we select the default 50:50, so this is explained as-is in the video.
And another important automatic feature is trailing stop.
In the above image it is labeled TRAIL_WIDTH.
The value range is the default 10 Pips.
Returning to the limit order, after placing the order and going to sleep, when I checked the chart the next morning, it looked like this.
Unfortunately, the limit order did not trigger and the price rose again.
If it had moved up by another 10 Pips, it would have hit the limit and secured a profit, but in the end it was a missed opportunity.
I didn’t change the strategy, and I judged that the long signal from three days earlier was still valid, so I decided there would be another higher high and moved the limit order by dragging it with the mouse.
The green wavy line in the top image is the limit line, so here you can drag and drop with the mouse to move it [drag and drop /ドラッグアンドドロップ】 = DnD, and the moved image is here. ↓ドラッグアンドドロップ】 = DnD, and the moved image is here. ↓
As shown above, simply moving the limit order with DnD to your preferred place automatically assigns the SL/TP to the specified distances.
This may be a stretch to say…
One of Ajinitchi’s super-useful features is that moving the limit order to your preferred place with DnD automatically sets SL/TP!
And time passed.
Around sunset, when I had finished work, I casually checked the chart.
This is how it looked.
Huh?
The limit order had disappeared!?
So…
Yes, it hit the limit and the trailing stop automatically executed, securing a profit and ending the trade.
Summary
- After looking at the chart and making a discretionary judgment, since a long signal appeared, I expected the uptrend to continue for a while and placed a limit order at a long-term reference line, then went to sleep.
- The next morning, the limit order had not hit, so I moved the limit order to the long-term reference line via DnD.
- In the evening of that day, when I checked the chart, the limit order had hit and I succeeded in taking profit with a 10 Pips trailing.
This was the trading history at that time.
Lastly, about win rate: for this pair over one week, when placing the limit order at the long-term baseline in response to trend signals, the profit of at least 10 Pips with trailing was achieved at a 100% rate.
Please take a look here. ↓
The screenshot shows a simulation of moving the limit order to align with the reference line every time a signal appears and the trend is assessed, with movement directions specified as shown above.
6 is the scene from this video.
Thus, when this method is practiced, the result was 6 wins and 0 losses, i.e., 100% win rate.
If trailing profit is about 10 Pips, is 60 Pips profit in a week not enough?
With 9 currency pairs, simply calculating, 60 Pips × 9 = 540 Pips.
If you can take this much in a week, isn’t it enough to not trade for a while?
So, I’ll leave it here for today.
Thank you very much for reading until the end.
Details of what I will provide in the future【Hyb r id 型 FX Trade Style Ajinitchi】
- Signal tool (indicator)
- Automatic settlement and entry trading aid tool EA
- A top-secret trading method using the above two tools
↓ Here is the latest information for “Ajinitchi”!
