Range Order Plus

Range Order Plus" is an extended version of "Range Order". If you would like to check the basic functions of "Range Order Plus", please refer to the following page, as the non-extended version of "Range Order" is now available on fx-on. *The second half of this page is also available. "Range Order Sales Page The basic trade of "Range Order Plus" is a method of repeatedly "buying down" and "selling up" by specifying a range of trading prices. Because the position intervals are unequal and the number of lots is indefinite, the profits are larger than those of the trading method of "buying down" and "selling up" at equal intervals, and the The drawdowns are smaller. In addition, "Range Order Plus" has several additional features, such as "Trend Lot Weighting," which significantly reduces unrealized losses, which is a drawback of "buy-loss" and "sell-up" trading. Let us introduce the functions of "Range Order Plus" in turn. 1，Trend lot weight function This function increases or decreases the number of lots ordered based on market overheating and trend direction. It also stops new orders if the trade is going against the current trend. We tested the effectiveness of the Trend Lot Weight function in a back test from April 2005 to November 2016. The currency traded is USD/JPY and the trade result is a buy trade. The test is a risk-free trade, where the number of lots is such that the leverage of the account is about 2x even if all orders are executed. First, we check the chart of USD/JPY from January 2005 to October 2016. During this period, as you know, the USD/JPY exchange rate swung from 76 yen to 124 yen due to the Lehman shock on September 15, 2008 when Lehman Brothers went bankrupt, the strong yen during the Democratic Party of Japan administration, and the bazooka (monetary easing) by Bank of Japan Governor Kuroda. Trade results without "range orders Before the results of the "Range Order Plus" trades, you will see the results without "Range Order". It is a common method to buy and sell in equal price ranges, execute trades with the same profit margin, and fix the number of order lots. This is a method called "range order". The number of lots is set so that it does not break down in the middle of the trade, so it survives to the end of such a long term trade. However, there is a period of time during which the account balance is reduced to nearly 480,000, and there is a period of time when the account balance is halved at the start of 1,000,000. The drop in the last part of the trade is due to the fact that we stopped trading in November 2016. Trade results without "trend lot weights" The following are the results of the "Range Order" without "Trend Lot Weighting". The method is to calculate the number of lots by specifying the leverage, buy and sell at unequal intervals, and then at the lower end of the range, increase the profit margin and order a larger number of lots. Compared to the case without "Range Order," the net profit is much higher and the drawdown is considerably reduced to 690,000 when the account balance is at its lowest. We can also see that the number of lots is increased at the lower end of the range. Trade results of "Range Order Plus Finally, here are the results of the "Range Order Plus" using the "Trend Lot Weight". In the case of buy trades, the total number of trades is less than half of the total number of trades during a downtrend, since the trades are not made as much as possible during a downtrend. However, even when the account balance was at its lowest, it was about 1,000,000, which means that the drawdown was greatly reduced. Over such a long trading period, the price amplitude is large, ranging from 76 yen to 124 yen, and even though no stop loss is set, the principal is maintained. I'll give you the number of lots ordered for "Range Order Plus." If the drawdown has gone down, then increase the order lot size until the net profit is the same as if the "Trend Lot Weighting" was not used, and compare the results with the "Range Order" results. Even though the same profit is made, the drawdown is greatly reduced compared to the case where "Trend Lot Weight" is not used, at 1,000,000 when the account balance is at its lowest. This confirms that this feature is effective. However, we have not yet been able to fully verify whether it is effective in all market conditions and currencies. Also, the total number of trades has been less than half, as can be seen from the chart of USD/JPY from January 2005 to October 2016, which shows a downward trend from mid-2006 to about mid-2012. This may be unavoidable, but it is possible that we are not trading at some returns or major bottoms, and we plan to improve this situation through upgrades. The "Trend Lot Weight" can be disabled in the settings, so if you do not want to use it, please turn it off. 2，Price stop loss function The "Price Stop Loss" function sets the same stop loss price for all orders and is intended to be used in the following situations Suppose you were trading in the USD/JPY range of 100-110 yen, and you were buying. However, when the price falls below 100 yen, you close and close all positions at the "Price Stop Loss" price. 3，Demand Limit Validity Period The "Limit Expiration Time" function allows you to specify the expiration time of a limit order (stop order) in hours. If the order is not executed within the specified time, the order will be canceled. 4，Limit and Stop Limit Orders In addition to limit orders, "Range Order Plus" now supports stop orders. 5，Trend Display Function As shown in the yellow frame of the image, the current trend is displayed on the chart information. It also has the following features of a regular "range order" Non-equal order position intervals The position intervals for "buy down" and "sell up" orders are not evenly spaced. (You can also set the intervals to be equally spaced). The position interval at the top of the range and the position interval at the bottom of the range can be specified separately, and the position interval in the middle of the range is calculated automatically. As shown in the figure, positions can be concentrated near the top and bottom of the range (the bottom of the price range for buy trades and the top of the price range for sell trades). This reduces the number of positions in unimportant price ranges. The number of order lots varies depending on the position of the range. You can change the number of lots ordered at the top and bottom of the range. (You can also set the number of lots to be the same for all ranges.) In the case of a "buy trade," you can set the number of lots at the lower end of the range to be a multiple of the upper end, and vice versa, in the case of a "sell trade," you can set the number of lots at the upper end of the range to be a multiple of the lower end. You can increase the number of lots at important price points for "buy trades" and "sell trades". Orders are placed one at a time and no orders are placed at the window. In addition, we do not place limit orders for all positions in the range at first, but place limit orders one at a time as they approach the order range. This behavior allows the number of lots to be ordered according to the situation at that time, and furthermore, in situations where the price fluctuates in a window, no new positions are taken in that area. Even if you change the settings in the middle of an order, you do not need to close the previous position. Automatic lot size calculation by specifying leverage By setting the leverage, the number of lots is automatically calculated based on the account balance. This feature allows you to predict the leverage you will have if all positions are executed. If the account balance increases, the number of lots will be automatically increased, and the number of lots will always be automatically calculated according to the account status. Example: With 1,000,000 yen in margin, at 100 yen per dollar. If you set the "minimum trade price" at 100 yen, the "maximum trade price" at 110 yen, and the price interval at 1 yen for a buy trade, your planned positions will be 10 lots of 100 yen, 101 yen, 102 yen, 103 yen, 104 yen, 105 yen, 106 yen, 107 yen, 108 yen, and 109 yen. If "Trading Leverage" is set to "1", the positions will be ordered at 0.01 lots each, and if they are all executed, the total leverage of the account will be 1 for a total of 0.1 lots. If "Trading Leverage" is set to "10", the positions will be ordered in 0.1 lot each, and if all the positions are executed, the total leverage of the account will be 10 for a total of 1 lot. Information Display Information" is displayed in the upper left corner of the chart, allowing you to easily grasp the status of the EA. The background is blue while trading is in progress. The background is red when trading is suspended due to an error, etc. Input Assist Function If there is an obvious incompleteness in an entry on the settings screen, it will be displayed on the information screen. Example: If the maximum transaction price is smaller than the minimum transaction price, the "Minimum Transaction Price" should be smaller than the "Maximum Transaction Price". will be displayed. Email Sending Function An e-mail is sent when a new position is opened, when a position is executed, or when a trade is aborted due to an error. You can also stop the e-mail by setting it up. Explanation of each parameter Sets whether or not to send emails for new orders, executions, and errors. Default value is "New Order, Execution, Error".