Trend Surfer EA Type II

This EA is a conversion of the " Get Big in Trend Markets." indicator into an EA. There is also a two-position EA using the same logic called " Trend Surfer EA". 【Features】 This is a trend-following type EA. It employs a logic that captures the initial movement and end of trends effectively. It holds only one position. A stop loss (SL) is set simultaneously with the entry. There is no take profit (TP) set. The exit will be either a market order or SL hit, but most of the time it will be a market order. This EA does not pursue a high win rate but focuses on realized profits. If a large trend occurs, it wins significantly. If the trend is unclear, it will result in a series of small losses. It is a classic case of small losses and large profits. The total profit and loss will be positive (profit factor around 1.2). It has an excellent risk-reward ratio. It does not carry unrealized losses. Reference informationAbout Trading MethodsIt can be operated with a small amount of margin. Currency pairs and timeframes can be freely selected. By changing the magic number, multiple operations can be conducted in one account. 【Recommended Currency Pairs】 The initial settings are based on USDJPY. It can also be used with other currency pairs. 【Recommended Time Frame】 60 minutes. It can also be used with other time frames. For FX brokers that provide six daily candles, it is safer to avoid operations on daily and four-hour charts. 【Margin and Lot Guidelines】 1 lot (100,000 currency) is considered appropriate for 1 million yen. 【Setting Items】Magic Number: Magic Number Lots: Number of lots to order Max Spread: Maximum spread allowed for orders Slippage: Slippage at the time of order Period: Period (set to 2 or more) Band Deviation: Deviation (set a positive real number) Use Trailing Stop: Whether to use the trailing stop function Use Entry Time Control: Whether to control entry time Entry Start Time: Start time for entry (specified in hh:mm format) Entry End Time: End time for entry (specified in hh:mm format) Use Weekend Exit: Whether to use the weekend exit function Weekend Exit Time: Exit time on weekends (Friday) (specified in hh:mm format) Comment: Comment BUY Arrow Color: Buy entry arrow color SELL Arrow Color: Sell entry arrow color Close Arrow Color: Close arrow color The initial setting values are as shown in the screen copy. Regarding Entry Time and Weekend Exit Time The time settings follow the horizontal axis of the chart. You cannot set entry time that crosses midnight. Please set the end of the entry time to be after the start of the entry time. When setting both entry time and weekend exit time, please ensure that the weekend exit time is after the end of the entry time. This EA only operates at the beginning of the bar. This applies to both entry time specification and weekend exit function. The initial value for the weekend exit function is set for operations suitable for 60-minute or shorter time frames. If operating on four-hour or longer time frames, consider turning off the function. Reference informationAbout the Effectiveness of the Weekend Exit Function in Trend Surfer EA II【About Optimization】 Generally, it is not necessary, but if you do, the following steps are recommended. First, determine the Band Deviation. Usually, 1.0 is fine. For currency pairs or instruments with high volatility (e.g., GBPUSD), 2.0 is appropriate. Next, optimize using the desired timeframe for the Period. Decide based on profit and loss, typically between 8 and 13. The signal tool " Get Big in Trend Markets." uses 10 as a general value. Even for the same currency pair or instrument, the optimal value may vary slightly depending on the timeframe. However, it is uncertain whether the optimal values derived from past markets will also be optimal for future markets, so forward testing (USDJPY one-hour chart) is conducted with Period = 10 (general value) and Band Deviation = 1.0. USDJPY 1-hour chart Period: 9 (optimal value)Detailed DataStrategyTester1_02a.htmUSDJPY 4-hour chart Period: 11 (optimal value)Detailed DataTSAusdjpyH4p11.htm【Differences Between Forward Test and Back Test】 The factors causing differences between forward tests and back tests are as follows. 1. Weekend Gaps Due to gaps at the beginning of the week, if a held position is stopped out, in forward testing, it will be stopped out at the actual rate, while in back testing, it will be stopped out at the SL, resulting in a smaller loss. Enabling the weekend exit function and avoiding holding positions over the weekend can resolve this issue. From version 1.20, the weekend exit function is enabled by default. Reference informationAbout the Effectiveness of the Weekend Exit Function in Trend Surfer EA II2. Spread Expansion Even if the entry conditions are met at the start of the candlestick, if the spread has expanded and hits the entry limit, the entry for that candlestick will be skipped. In back testing, spread expansion does not occur, so spread expansion is a factor in the differences between forward tests and back tests. This phenomenon tends to occur right after the FOMC and at the change of the date when operating on the USDJPY one-hour chart. 3. Price Slippage While price slippage may occur in forward testing, it does not occur in back testing, which is a factor in the differences between the two tests. 【Version Upgrade Information】 2017.08.26 Ver.1.20 1. Added Trailing Stop function 2. Changed initial parameter values Because recent market conditions have shown better results without optimization. 2017.03.11 Ver.1.10 1. Added Weekend Exit function Enabled exit at a specified time on Fridays. Time specification is done in HH:MM format. 2. Allowed specification of entry time in hours and minutes. In the old version, only hours could be specified, but with the addition of the weekend exit function, it has been changed to hours and minutes. 3. Added parameter check function In the old version, parameters were unchecked. If an abnormal parameter is specified, a message will be output in the expert tab, and it will terminate immediately. 2017.03.09 Ver.1.02 1. Changed the initial value of Period to 9 For the USDJPY one-hour chart, this value performs better than the old version's initial value of 10. Although it was thought that there would not be much difference between 9 and 10, there is a significant difference in total profit and loss. 2017.03.02 Ver.1.01 1. Changed entry judgment The entry judgment has been changed from comparing the market conditions of the previous candlestick with the current market conditions to being based on the current position status and current market conditions. In the old specification, if the current market condition was a buy and the previous one was also a buy, it would not enter even if there was no position. In the new specification, if the current market condition is a buy and there is no position, it will enter. There is no substantial difference, but if it did not enter due to spread restrictions, it will now enter if the same market condition continues in the next candlestick. Additionally, there is a difference in that it will enter if the market condition is one that should hold a position at the time of the candlestick's confirmation right after the EA starts. 2. Changed the initial value of Max Spread to 50.