Flashes -rebuild-
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Forward testing (Profit)
Monthly Statistics
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
The Flashes series, which was the runner-up in the Robbins Cup, has been evolved to accommodate the Euroyen!
Evolved to be able to handle Euroyen!
EA Overview
Trade Type: Scalping
Currency Pair: Euroyen
Time Scale: 1 minute
Position Holding Time: tens of minutes to several hours
Extremely simple logic + alpha
This is a simple logic that uses only MT4 standard indicators.
It is a high road trading method and can be used for a long period of time because it is not overly optimized.
It is also very lightweight and the EA's operation does not affect your trades.
New logic has been added to handle Euroyen, which has been difficult to handle in the Flashes series!
Over 10 years of steadily rising profits!
Despite the high frequency of trading (1-3 times a day), the win rate is 70%.
In addition, earnings have been steadily increasing over a long period of more than 10 years.
(*The results include sudden fluctuations during major indices and statements by key figures.)
Thoroughly aim to buy on the upside and sell on the downside.
It is said that 70% of the currency market is range market and 30% is trend market.
This logic is Good at range market and gradual trend market.The logic is as follows.
80-90% of the market is a good situation.
As much as possible, buy at the most recent bottom and close at the highest price, or sell at the highest price and close at the lowest price.
(*The
image is for the dollar-yen.)
In the remaining 10-20% of the trending market, we minimize losses by cutting
losses at sharp trend changes that occur in the trending market, and wait until the market conditions become favorable again.
There are limit and stop loss limits, but it doesn't take much to
automatically close out the position.
Since this is scalping, we recommend that you use a brokerage firm with as small a spread as possible.
As with most scalping EAs, sudden fluctuations during major indicators or statements by key figures are not a strong point.
Therefore, stopping during major indicators and keynote speeches will further improve performance.
When the price range in the last 20-30 minutes is a few pips, it is easy to lose spread in case of a quiet market.
Also, in case of a converging market with high volatility, it is easy to change the trend.
We do not enter the market very often.
When the price range in the last 20-30 minutes is 40-50 pips or more, the volatility is large and
it is easy to get caught in a stop-loss or trend reversal.
I don't enter the market much at this time either.
Setting value
EA_Name: This is the setting for the EA comment that will remain in the trade history.
MagicNumber: This is the setting for the magic number.
Lots: This is the setting for the lot size. Most brokerage firms will set it at 1.0 lot = 100,000 currency.
StopLoss: This is the stop loss. The default setting is 100, which is -100 pips.
TakeProfit: Limit price. The default setting is 100, which is +100 pips.
TrailingStop: Trailing order. 1 is set for 1 pips. 0 is not used.
Slippage: Cancel the order if it slips this number of points from the quote before it reaches the brokerage firm. The default setting is 3.
MaxSpread: Spread filter, set by number of points. The default setting is 15, and (for brokerages with 3 decimal places in the price) if the price is 1.5 pips or more, the entry will not be made. It is not related to close.
BUY_Frequency: The larger the value, the more frequently a buy entry is made. The default setting is 5. 3-7 is recommended.
SELL_Frequency: Increasing the value increases the frequency of buy entries. The default setting is 5. 3-7 is recommended.
MaximumRisk: Compound interest setting. The value is calculated by multiplying the amount of margin x MaximumRisk value / 1,000,000. 1.0 means trading 1.0 lot with 1,000,000 yen. If you do not use it, please set it to 0.
Account_Balance: If you set this to true, the "Surplus Margin" in the formula becomes "Balance".
MaxLot: Please check the trading conditions of your brokerage firm and enter the maximum order quantity. It is recommended to set this even if you are not in compounding mode.
MinLot: Please check the trading conditions of your brokerage firm and enter the minimum order quantity. If the calculated value in the compound interest setting is less than the minimum order quantity, the order will be placed with the Lots value.
WeekendExitHour: This is the time to close the order on Friday night in order not to carry it over. (*Server time) The default setting is 23, which is 23:00.
WeekendExitMinute: The minute setting of the above parameter. The default setting is 30, which is 30 minutes.
JPTime: Sets whether the server time is Japan time or not. Set to true if it is Japan time.
EntryStopTime: This is the setting of how many minutes before the forced close time to stop new entries on Friday night. The default setting is 60, which is 60 minutes before.
Therefore, the default setting is to stop new entries at 22:30 server time and close positions at 23:30.
NoEntryStart1~7: The start time of the time period when entry is stopped. 01:23 is entered to stop entry from 1:23 server time.
NoEntryStop1~7: The end time of the time period when entries are stopped. 02:34 means that entries will not be made until 2:34 server time.
Seven time periods can be set. If not used, set both NoEntryStart and NoEntryStop values to 00:00. The default setting is 00:00 for all except NoEntryStop7, which is set to 00:30 to prevent rollover. (It is possible to change this setting.)
If you wish to stop the service after midnight server time, please set the time separately.
Example: To stop from 23:00 to 1:00, set 23:00 for NoEntryStart1, 24:00 for NoEntryStop1, 00:00 for NoEntryStart2, and 01:00 for NoEntryStop2
The latest information is posted on Twitter.
We would appreciate it if you could follow us.
Twitter ID: @K_FLASHES
https://twitter.com/K_FLASHES
Price: $124.61 (taxed)
￥19,800(taxed)
●Payment
Sales from : 06/17/2018 02:50
Price: $124.61 (taxed)
￥19,800(taxed)
●Payment
Just like discretionary trading, there are those that decide trading and settlement timings by combining indicators, those that repeatedly buy or sell at certain price (pips) intervals, and trading methods that utilize market anomalies or temporal features. The variety is as rich as the methods in discretionary trading.
To categorize simply,
・Scalping (Type where trades are completed within a few minutes to a few hours),
・Day Trading (Type where trades are completed within several hours to about a day),
・Swing Trading (Type where trades are conducted over a relatively long period of about 1 day to 1 week)
・Grid/Martingale Trading (Holding multiple positions at equal or unequal intervals and settling all once a profit is made. Those that gradually increase the lot number are called Martingale.)
・Anomaly EA (Mid-price trading, early morning scalping)
However, a substantial advantage of automated trading is its ability to limit and predict risks beforehand.
[Risk]
Inherent to forex trading are the trading risks that undeniably exist in automated trading as well.
・Lot Size Risk
Increasing the lot size forcibly due to a high winning rate can, in rare instances, depending on the EA, lead to substantial Pips loss when a loss occurs. It is crucial to verify the SL Pips and the number of positions held before operating with an appropriate lot.
・Rapid Market Fluctuation Risk
There are instances where market prices fluctuate rapidly due to index announcements or unforeseen news. System trading does not account for such unpredictable market movements, rendering it incapable of making decisions on whether to settle in advance or abstain from trading. As a countermeasure, utilizing tools that halt the EA based on indicator announcements or the VIX (fear index) is also possible.
[Benefits]
・Operates 24 hours a day
If there is an opportunity, system trading will execute trades on your behalf consistently. It proves to be an extremely convenient tool for those unable to allocate time to trading.
・Trades dispassionately without being swayed by emotions
There is an absence of self-serving rule modifications, a common human tendency, such as increasing the lot size after consecutive losses in discretionary trading or, conversely, hastily securing profits with minimal gains.
・Accessible for beginners
To engage in Forex trading, there is no prerequisite to study; anyone using system trading will achieve the same results.
[Disadvantages]
・Cannot increase trading frequency at will
Since system trading operates based on pre-programmed conditions, depending on the type of EA, it might only execute trades a few times a month.
・Suitability may vary with market conditions
Depending on the trading type of the EA, there are periods more suited to trend trading and periods more suited to contrarian trading, making consistent results across all periods unlikely. While the previous year might have yielded good results, this year's performance might not be as promising, necessitating some level of discretion in determining whether it is an opportune time to operate.
・MT4 (MetaTrader 4. An account needs to be opened with a Forex company that offers MT4.)
・EA (A program for automated trading)
・The operating deposit required to run the EA
・A PC that can run 24 hours or a VPS (Virtual Private Server), where a virtual PC is hosted on a cloud server to run MT4.
Additionally, there are both demo and real accounts available. You can experience trading with virtual money by applying for a demo account. After opening a real account, you select the connection server assigned by the Forex broker, enter the password, and log in to the account.
When you deposit money into your account using the method specified by the forex broker, the funds will be reflected in your MT4 account, and you can trade.
Firstly, download the purchased EA file from your My Page on GogoJungle. You will download a zip (compressed) file, so right-click to extract it and retrieve the file named ‘◯◯◯ (EA name)_A19GAw09 (any 8 alphanumeric characters).ex4’ from inside.
Next, launch MT4 and navigate to ‘File’ → ‘Open Data Folder’ → ‘MQL4’ → ‘Experts’ folder, and place the ex4 file inside. Once done, close MT4 and restart it. Then, go to the upper menu ‘Tools’ → ‘Options’, and under ‘Expert Advisors’, ensure ‘Allow automated trading’ and ‘Allow DLL imports’ are checked, then press OK to close.
The necessary currency pair and time frame for the correct operation of the EA are specified on the EA sales page. Refer to this information and open the chart of the correct currency pair time frame (e.g., USDJPY5M for a USD/Yen 5-minute chart).
Within the menu navigator, under ‘Expert Advisors’, you will find the EA file name you placed earlier. Click to select it, then drag & drop it directly onto the chart to load the EA. Alternatively, you can double-click the EA name to load it onto the selected chart.
If ‘Authentication Success’ appears in the upper left of the chart, the authentication has been successful. To operate the EA, you need to keep your PC running 24 hours. Therefore, either disable the automatic sleep function or host MT4 on a VPS and operate the EA.
If you want to use it with an account other than the authenticated one, you need to reset the registered account.
To reset the account, close the MT4 where the Web authentication is registered, then go to My Page on GogoJungle > Use > Digital Contents > the relevant EA > press the ‘Reset’ button for the registration number, and the registered account will be released.
When the account is in a reset state, using the EA with another MT4 account will register a new account.
Also, you can reset the account an unlimited number of times.
→ Items to Check When EA is Not Operating
1 lot = 100,000 currency units
0.1 lot = 10,000 currency units
0.01 lot = 1,000 currency units
For USD/JPY, 1 lot would mean holding 100,000 dollars.
The margin required to hold lots is determined by the leverage set by the Forex broker.
If the leverage is 25 times, the margin required to hold 10,000 currency units of USD/JPY would be:
10000*109 (※ at a rate of 109 yen per dollar) ÷ 25 = 43,600 yen.
・Risk-Return Ratio: Total Profit and Loss during the period ÷ Maximum Drawdown
・Maximum Drawdown: The largest unrealized loss during the operation period
・Maximum Position Number: This is the maximum number of positions that the EA can theoretically hold at the same time
・TP (Take Profit): The set profit-taking Pips (or specified amount, etc.) in the EA's settings
・SL (Stop Loss): The set maximum loss pips (or specified amount, etc.) in the EA's settings
・Trailing Stop: Instead of settling at a specified Pips, once a certain profit is made, the settlement SL is raised at a certain interval (towards the profit), maximizing the profit. It is a method of settlement.
・Risk-Reward Ratio (Payoff Ratio): Average Profit ÷ Average Loss
・Hedging: Holding both buy and sell positions simultaneously (Some FX companies also have types where hedging is not allowed)
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working