"Stealth feature to avoid 'spread hunting'!" EURJPY trend-following EA 'Sunflower EURJPY'
【Sunflower_EURJPY Overview】
Currency pair: [EUR/JPY]
Trading style: [Day trading]
Maximum number of positions: 1
Timeframe used: M5
Maximum stop loss: 2.0% from entry price
Take profit: 1.1% from entry price
EA Features
This is an EA that has adjusted the Sunflower USD/JPY EA logic for EUR/JPY.
• Buy-the-dip and sell-the-rebound EA for EUR/JPY
• Trades only at 5-minute candle confirmations, excluding TP/SL
• Entries are in Japan time late night to early morning (no entries for several tens of minutes around rollover)
• A relatively high win-rate logic with about 66% win rate
• Aims to exit losing trades at the most favorable level possible
•Implemented stealth function to handle TP and SL internally
The stealth TP/SL feature is nice, isn’t it!
Because some brokers deliberately widen the spread when you place limit and stop orders
to trigger stop losses.
Current forward performance is +185 pips over one month of operation!
【Trading Example】
The trading logic is the classic trend-following.
What sets it apart is that the TP is 'entry price × 1.1%' (for EUR/JPY at 130, the upper limit is 143 pips).
In practice, settlements are determined by the internal logic, so the number of pips gained varies.
Backtesting shows the maximum loss in pips was -178 pips, and the maximum gain in pips was 207 pips.
【Backtest Analysis】
2005.01.10-2018.06.29
Spread 1.0
0.1 lot fixed
Net profit +8621 USD
Total trades 1,639 (annual average 121 trades)
Maximum drawdown $580
Win rate 67%
Average gain $20
Average loss -$26
That is the result.
Relatively large average gain in pips with not much difference from losses is a notable feature.
【Monthly Profit/Loss】
June and November tend to be negative months.
【Yearly Profit/Loss】
By year, aside from a slightly negative 2015, performance has been quite strong.
Over the past five years average (2012-2017): $525
Over the past ten years average: $513
Recommended margin is
5.2+（6*2）＝17.2（万円）
and,Average expected annual return is 33%
!
With over 100 trades per year and being EUR/JPY,
this could be a classic EA to use in a portfolio!?
