SAXO Flashes for USDJPY

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【EA Overview】
Trade Type: Scalping
Currency Pair: USD/JPY
Time Frame: 1 Minute
Position Holding Time: A few minutes to a few hours


【Extremely Simple Logic】
A simple logic that uses only standard MT4 indicators.
Since it is a classic trading method without excessive optimization, it will remain effective for a long time.
Additionally, it is very lightweight, so the EA's operation does not affect trading.


【Profits Increasing for Over 8 Years】
Despite high-frequency trading of about 1 to 3 times a day, the win rate is 70%,
and profits have been steadily increasing for over 8 years.
(This includes results during major news events and sudden fluctuations due to important announcements.)






【Thoroughly Targeting Favorable Buy Dips and Sell Rallies】
It is said that 70% of the USD/JPY market is range-bound, while 30% is trending.

This logic isskilled in range-bound and gentle trending markets.
It is effective in 80-90% of market conditions.
We aim to buy at recent lows and close at highs, or sell at highs and close at lows,
repeating this process.




In the remaining 10-20% of trending markets, we minimize losses by cutting losses during sudden trend reversals
and patiently wait until favorable market conditions return.

There are settings for limit and stop orders, but they are rarely triggered,
and positions are automatically closed.

Since this is scalping, we recommend a brokerage with the smallest possible spreads.

Like most scalping EAs, it is not skilled at handling sudden fluctuations during major news events.
Therefore,if you stop trading during major news events, performance will improve further.


When the price range over the last 20-30 minutes is around a few pips, in a quiet market, it is likely to incur spread losses,
and in a high-volatility converging market, it is likely to reverse trends, so
we do not enter trades much.

When the price range over the last 20-30 minutes is 40-50 pips or more, with high volatility,
it is likely to trigger stop orders or reverse trends, so
we also do not enter trades much at this time.


【Settings】
EA_Name: This is the setting for the EA comment that will appear in the trade history. It can be changed from Flashes to something else.
MagicNumber: This is the setting for the magic number.
Lots: This is the lot size setting. Most brokerages set 1.0 lot = 100,000 currency.
StopLoss: This is the stop loss setting. The initial setting is 100, which corresponds to -100 pips.
TakeProfit: This is the take profit setting. The initial setting is 100, which corresponds to +100 pips.
TrailingStop: This is the trailing order setting. It is set to 1 for 1 pip. Setting it to 0 means it will not be used.
Slippage: This is the slippage setting. If the order slips this many points from the quoted price before reaching the brokerage, the order will be canceled. The initial setting is 3.
MaxSpread: This is the spread filter. It is set in points. The initial setting is 15, and if the price exceeds 1.5 pips (for brokerages with prices to three decimal places), it will not enter. It does not affect closing.

BUY_Sensitive: This increases the market sensitivity for buy entries. A larger value increases trading frequency. The initial setting is 340. A range of 320-360 is recommended.
SELL_Sensitive: This increases the market sensitivity for sell entries. A larger value increases trading frequency. The initial setting is 350. A range of 330-370 is recommended.

MaximumRisk: This is the compounding setting. It is calculated as excess margin amount × MaximumRisk value ÷ 1,000,000. With a value of 1.0, it trades 1.0 lot for 1 million yen. If not used, set it to 0.
Account_Balance: This determines whether to calculate the compounding setting based on the balance. If set to true, the "excess margin amount" in the formula will be based on the "balance."
MaxLot: Please check the trading conditions of your brokerage and specify the maximum order quantity. It is recommended to set this even if not in compounding mode.
MinLot: Please check the trading conditions of your brokerage and specify the minimum order quantity. If the calculated value in compounding settings falls below the minimum order quantity, it will be ordered at the Lots value.

WeekendExitHour: This is the time to close positions on Friday night to avoid holding over the weekend. (Server time) The initial setting is 22, which corresponds to 10 PM.
WeekendExitMinute: This is the minute setting for the above parameter. The initial setting is 0, which corresponds to 0 minutes.
JPTime: This setting determines whether the server time is in Japan time. If it is Japan time, please set it to true.
EntryStopTime: This setting determines how many minutes before the forced closing time on Friday night to stop new entries. The initial setting is 30, which corresponds to 30 minutes before.
Thus, with the initial settings, new entries will stop at 21:30 server time, and positions will be closed at 22:00.

NoEntryStart1-7: These are the start times for the periods when entries will be stopped. If you input 01:23, it will stop entering from 1:23 AM server time.
NoEntryStop1-7: These are the end times for the periods when entries will be stopped. If you input 02:34, it will not enter until 2:34 AM server time.
You can set up to 7 time periods. If not used, please set both NoEntryStart and NoEntryStop values to 00:00. The initial settings have all set to 00:00 except for NoEntryStop7, which is set to 00:30 for rollover measures. (This can be changed.)
If you need to stop across server time 0:00, please set them separately.
Example: To stop from 11 PM to 1 AM, set NoEntryStart1 to 23:00, NoEntryStop1 to 24:00, NoEntryStart2 to 00:00, and NoEntryStop2 to 01:00.