The averaging width changes according to market conditions! A highly versatile dual-position averaging EA 'EA Miw Cross Order & Averaging'
【EA miw Overview】
Currency pairs: [USD/JPY][AUD/JPY][AUD/CAD][EUR/USD][GBP/USD][AUD/USD][USD/CAD][EUR/GBP][EUR/AUD][EUR/CAD][GBP/AUD][GBP/CAD][EUR/JPY]
Trading style: [Day trading][Swing trading]
Maximum number of positions: 10 (configurable from 5 to 12)
Timeframe used: H1
Take Profit: 300 points (configurable)
Notes: The traded currency pairs have been backtested for over 3 years with favorable results. In principle, by changing parameters, operation across any timeframe and instrument is possible.
This EA trades with both trend-following and counter-trend strategies to accumulate profits. Counter-trend involves averaging down.
No technical analysis is performed; trades are based on positioning only.
■ Buy and sell averaging-down strategic EA
As described in the explanation, this EA is not trading based on indicator conditions, but is designed on the universality that markets go up and down.
If the market goes up, it increases short positions; when it declines and the total configured pips are reached, it closes the positions.
You might wonder if it becomes dangerous in a one-directional trend.
Of course that's true, but whether an account blows up depends on the lot sizing and drawdown relative to the account funds. If you can manage that well, you can earn persistently in any market—it's a versatile EA.
■ Trading image
When you run the EA, it opens hedged positions and applies averaging-down on the side that moves.
If the price moves 300 points (30 pips) or more from the first position, it opens additional positions and applies averaging-down at 2x and 3x the initial width.
If the price returns and the total reaches the configured pips, all positions are closed and one set ends.
Also, the number of averaging-down instances is up to 10; starting from 0.01 lots, the final size becomes 0.89 lots.
【Number of averaging-down occurrences and multipliers】
Number of averaging-down occurrences 1 2 3 4 5 6 7 8 9 10
Averaging-down multipliers 1 2 3 5 8 13 21 34 55 89
■ The averaging width changes with the market!
What’s interesting about this EA is that the first averaging width (second entry) is fixed at 30 pips or more, butfor example, if the market moves sharply and a single hourly bar moves 50 pips or more, that bar closes and the entry occurs in the next bar, using that as the basis for the averaging width.
Because of this, when rapid market fluctuations are expected, the averaging width can become 50 pips or 100 pips, etc., enabling a more flexible response to market movement.
If the width were fixed, rapid market changes would often cause the number of positions to balloon and become unmanageable, but this aspect is very well designed.
■ Recommended: USDJPY, AUDJPY
EA_miw can be operated on any currency pair, but if you want safe operation, it is important to understand the maximum drawdown and maximum lot size from long-term backtests.Understanding the maximum drawdown and maximum lot size via long-term backtests is important.
In the 10-year USDJPY backtest, starting with an initial 0.01 lot, there were cases where it held up to 0.24 lot (7th averaging). In those cases, the maximum drawdown was 480,000 yen, requiring adjustment of account funds.
Also, for currency pairs, AUDJPY and recent USDJPY show large range markets, which are recommended.
Even with the default settings, results can be quite good, but
depending on the pip width settings, you can also trade more aggressively on shorter timeframes.
Make good use of backtests to use this EA effectively!
