Announcement of the new product “Indicator Recovery” and the upcoming release of “Super Recovery”

We released a new product for the first time in years.

The new product name is "Indicator Recovery".

The first time we sold it on Gogojungle wasJuly 24, 2020and it was the "Indicator Nanashikukū" (Seven-Colored Sky).

https://www.gogojungle.co.jp/tools/indicators/24852

The evolved version completed by iterating on the "Indicator Nanashikukū" wasreleased on March 24, 2022and was the "Indicator Ajinitch" (Ajinitch).

https://www.gogojungle.co.jp/tools/indicators/36476

And this time, the release is the combination of "Indicator Nanashikukū" + "Indicator Ajinitch" = "Indicator Recovery".

The release date for "Indicator Recovery" isAugust 17, 2023, with pre-orders, and today, September 1, is effectively the release date.

https://www.gogojungle.co.jp/tools/indicators/45724

The evolution of this time's "Indicator Recovery" is remarkable.

I apologize for boasting, but it truly has evolved.

While the previous two were heavily influenced by my own intuition and experience as a discretionary trader, this one is completely different.

What makes it different is that by making trades automatically according to Indicator Recovery signals and turning it into an EA, the accuracy of the indicator's signals is improved, which is a complete departure from our previous products.

Even though we say "signals," it does not mean we enter on every signal.

There are a lot of filters, so in fact, there are more rules for not entering, which makes it clear.

What matters most in discretionary trading is having clear reasons not to enter.

Next is the basis for entering.

Finally, exit and money management.

If you want to establish a method, detailing and clarifying these granular rules in writing can improve reproducibility.

In short, if you crystallize it, it can become a signal tool and also be turned into an EA.

Another difference this time is that it operates only on MT5, not MT4.

MetaQuotes announced that they would end support for MT4 in 2021, and the product is an MT5-only indicator and EA, which is a key difference.

According to online articles, the following is written.

On August 25, 2021, MetaQuotes announced thatas of October 1, 2021, support for older versions of MetaTrader 4 Build 1320 would end. MetaQuotes has ended new development of MT4, and going forward will only provide bug fixes and security enhancements.

In other words, MT4's feature expansion has ended—the evolution of MT4 has stopped.

Everyone, how long do you plan to cling to MT4, which will fossilize and stop evolving?

I decided to switch to MT5 with future prospects and develop indicators and EAs.

As proof, here are the optimized pair currencies and timeframes derived from the MT5 Indicator Recovery signals.

The above shows the result of automating Indicator Recovery's signals.

Why was it necessary to turn the signals into an EA to follow the signals?

Which currency pair is best suited for Indicator Recovery?

Which timeframe is best suited for Indicator Recovery?

By turning these questions into an EA, various optimizations and backtests became possible to solve the problems.

Indicator Recovery includes 15 moving average (MA) indicators.

Even with this number, which MA crossovers will yield higher profits?

Conversely, how many MAs crossing death cross will allow profits to grow without triggering a stop loss?

How many MAs best avoid being duped?

These questions about entries were resolved by making it an EA.

Conversely, if we do not make it an EA, the detailed parameters and methods of the indicator would remain vague.

The initial stage of EAing Indicator Recovery was concluded like this.

Although the 4-hour USD/JPY stood out with exceptional win rate and profitability, I cannot be satisfied here.

Because when I actually trade discretionary, I view higher time frames in an MTF (Multi-Time Frame) manner.

There is no timing more favorable than when higher and lower timeframes are aligned.

So I conceived using the excellent 4-hour USD/JPY as a trend-based higher timeframe and trading entries on the lower timeframes, to bring my discretionary trading as close as possible!

The first phase EAization of Indicator Recovery yielded an optimized pair and timeframe with detailed parameter values, but there was one notable drawback.

There were only 56 entries in 20 months.

Even when the EA was running, it hardly took any positions.

Although the win rate was high, the conditions were too selective and somewhat unsatisfying.

So I decided to optimize the lower timeframes from 1 minute to 15 minutes and the higher timeframe from 1 hour to daily.

Thus, the second round of indicator improvements began.

I decided to EA again the completed Indicator Recovery signals.

From now on, which higher timeframe in MTF would be best?

Or should it be a daily timeframe?

For entries, should the lower timeframe be 1 minute?

5 minutes? 15 minutes?

Additionally, MT5 offers a wide range of options such as 1-hour, 2-hour, 3-hour timeframes.

Lower timeframes include 1 minute, 2 minutes, 3 minutes, with a broad set of default options.

In MT4, there were only 1-hour and 4-hour options, but in MT5 there are up to 7 options for higher timeframes.

In MT4 there were four minute-based timeframes, but in MT5 there are eleven, enabling diverse combinations.

Just from this diversity, in MT5, which higher timeframe should be used?

Which lower timeframe is best?

Even with the same MTF approach, the number of varieties makes reliance on intuition greater.

That is precisely why we need an EA.

Testing such combinations is overwhelmingly more advantageous with an EA than with an indicator.

We repeated optimizing lower and higher timeframes around the USD/JPY 4-hour baseline established in the first phase.

Starting from the beginning of this year, over about 8 months of work, we have completed this.

From now on, we will also publish backtests with domestic FX brokers.

There are articles about MT5 advantages at OANDA Securities, so please refer to them.

I'll end today here.

We'll continue this series, so please read the next installments.

Until next time!