SAXO Angel Heart Lono

Notice

【Regarding Pricing】
Angel Heart Lono is an EA that covers both Angel Heart USDJPY and ANGEL PREMIUM RICH with just one EA.
As the top version of the Angel series, the current pricing is set at an unbelievable level.
Normally, a higher price than Angel Heart USDJPY and ANGEL PREMIUM RICH would be reasonable,
but it is currently offered at a promotional price (limited time only),
and please be aware that we are considering a price increase once a certain period and number of buyers is exceeded.


【There are also great set products available.】
We have prepared a set product of Angel Heart USDJPY and Angel Heart Lono.
Many traders are using them together, so please consider it if you like.
https://www.gogojungle.co.jp/tools/ebooks/16734


【Angel Heart Lono Verification Article】
It has passed rigorous tests by third parties with high reliability.
We will introduce it below.
【Real Account Disclosure】
Please refer to the following.
https://fx-on.com/account/detail/index.php?i=42221&p=1

A Traditional EA Pursuing Ideals

Angel Heart Lono is an EA that incorporates everything I believe is important in FX trading.
It is not an EA for my exclusive use, so it is designed with flexibility for users in mind.

【Ensure Proper Loss Cutting. Do Not Rely on SL.】
In FX, cutting losses is the most important. To survive, losses should be minimized, and we cut losses without waiting for SL.

【High Winning Rate】
Winning rate is important due to mental issues.
Angel Heart Lono has a winning rate of about 70%. It is designed to be gentle on the mind.

【High Spread Resistance】
In real accounts, there are various unfavorable factors, so spread resistance is important.

【Small Difference Between Average Winning Pips and Average Losing Pips】
Don't you want to recover quickly from a loss with two or three wins?
Angel Heart Lono has an average winning pips to losing pips ratio of about 1:2.

【Average Winning Pips Should Be Decent (Ideal is Over 10 Pips)】
Whether it works with overseas accounts is not just about spread resistance.
If the average winning pips is small, the commission ratio against profits becomes high, and it does not perform well in overseas accounts.
（Generally referred to as commission loss.）
Angel Heart Lono has an average of about 14 pips, which is an excellent value.

【High Trading Frequency】
Without a decent trading frequency, it is not interesting.
Angel Heart Lono is classified as an EA with a very high trading frequency.

【No Discrepancy with Official Forward. Operates as per Backtest.】
This is also important. The reliability of backtest results is questioned.
The Angel series is confident in this aspect.
Since the distribution rates differ by broker, discrepancies do occur, but
it is not guaranteed that forward performance will always be good.

【After Taking a Position, If It Moves Further in the Wrong Direction, I Want to Take Additional Positions to Lower the Average Acquisition Price.】
A moderate averaging method can be an effective means if used wisely.

【Users Have Various Perspectives. Flexibility is Necessary as Market Trends Change.】
One position is good! It can be accommodated!
I dislike tick operations... but it can be changed to candlestick confirmation operations!
I want to stop the poorly performing logic! It can be accommodated!
I don't need internal settlements! I want to fight until TP! It can be accommodated!
In the products I have released so far, I have not thought, 'This is better, so I won't accommodate that,' but rather, 'I think this is better, but let's accommodate it as long as it doesn't interfere with the fundamental logic.'
As a result of incorporating those requests into Lono, it has become a very flexible EA.
Thank you for all the requests so far.

The Best Performance in the Series

Performance has significantly improved, and it now has performance that is not inferior to other authors' EAs. Below is a comparison table of Angel Heart USDJPY, ANGEL PREMIUM RICH, and Angel Heart Lono.

【Net Profit ($)・Max DD ($)・RF】
Angel Heart Lono has the highest net profit among the Angel series.
Regarding max DD, as the number of positions increases, max DD tends to increase, but
Angel Heart Lono keeps max DD at a level equivalent to ANGEL PREMIUM RICH.
Therefore, the recovery factor (RF), which indicates the actual profitability, is also the highest in the series,
and it has excellent values that are not inferior to other EAs.

【Annual Trading Frequency (Times)・PF】
Angel Heart Lono has the highest annual trading frequency in the Angel series.
It actively trades and does not bore users.
PF may seem small at 1.24, but PF tends to decrease as the number of trades increases,
so having a PF value equivalent to other series despite a high trading frequency can be considered a positive evaluation.

High Spread Resistance

Spread resistance is very important.
The idea that if the actual spread is 5 points, then backtesting can be done at 5 points is, in my opinion, incorrect. In reality, spreads can widen, slippage can occur,
and negative swaps can be applied, so there are many unfavorable factors.
We must conduct backtesting with a wider spread considering such unfavorable factors.
Angel Heart Lono has cleared even a relatively strict 15 points,
so it can be used without issues with brokers that have wider spreads or overseas accounts.

Aiming for Stress-Free Operation

EAs that can wipe out six months of profit with a single loss or have a low winning rate and suffer consecutive losses are mentally unsustainable.
Angel Heart Lono has a moderate winning rate of about 70%, suppressing consecutive losses, and the difference between average winning amounts and average losing amounts is
small, so combined with active trading, it recovers relatively quickly even after losses.
Since I consider cutting losses to be very important, I have equipped it with various loss-cutting logics,
minimizing losses.
It also includes a withdrawal mode that was well received in Angel Heart USDJPY.
There is very little discrepancy with the official forward, allowing for safe operation.

Excellent Performance. Also Adapts to Future Market Changes!

The entry logic and exit logic use the logic from Angel Heart USDJPY and ANGEL PREMIUM RICH,
so there is a track record in real markets over the past 1 to 2 years.
Additionally, margin design has been implemented for profit-taking widths and parameter values of various indicators,
allowing it to adapt even if future markets diverge from past markets.
Due to margin design, there is very little discrepancy with the official forward, and it is rare for a significant loss to occur on my end while the official forward is taking profits.

The forward performance in a real account before listing is as follows.


The period is from September to November 2018.
This period was likely a challenging time for many EAs, but Angel Heart Lono
maintained positive profits during this period.
If anyone lost during this period, I believe Angel Heart Lono would be a suitable EA to strengthen your EA portfolio.

Additionally, it is being sold in advance on another sales site, and there are sites that have recorded its forward performance.
You can find information by searching for 'Angel Heart Lono', so please refer to it.

Rich Features Standardly Equipped. High Customization for Advanced Users

The following features are standardly equipped.
・Compound Interest Function
・Weekend Trading Prohibition Function
・Trailing Stop Function

And there are custom items such as the following.
・Changeable number of positions. It can also be used as a one-position EA.
・Various logic ON/OFF options.
・Adjustable entry preparation time.
・Adjustable time until entering withdrawal mode.
・Changeable trading frequency.
・Tick entry or candlestick confirmation entry selectable.
・Fine-tuning of entry and exit thresholds.
・ON/OFF for internal logic settlement.

You may find a golden specification with higher performance than the default settings.

Parameter Values

MAGIC1~6
Magic number.

Lots (Initial Value: 0.1)
Number of lots for entry.
If the value is greater than the parameter value of ℽMaxLotsℽ, it will be set to ℽMaxLotsℽ, so please be careful.

StopLoss (Initial Value: 100)
Stop loss value.

TakeProfit (Initial Value: 0)
Take profit value.
It applies to each individual position regardless of the number of positions.
If you want to set larger values for TakeProfit2 or TakeProfit3, it is better to set this value larger.
0 means no setting.

TakeProfit1P (Initial Value: 20)
Settlement will occur when the specified pips profit is achieved. The default is 20.
（When holding one position. Withdrawal mode positions are not included.）

TakeProfit2P (Initial Value: 35)
Settlement will occur when the specified pips profit is achieved. The default is 35.
（When holding two positions. Withdrawal mode positions are not included.）

TakeProfit3P (Initial Value: 50)
Settlement will occur when the specified pips profit is achieved. The default is 50.
（When holding three positions. Withdrawal mode positions are not included.）

Max_Spread (Initial Value: 3.0)
Spread filter.
If the spread exceeds the set pips, the order will be postponed.
If this value is set too small, orders may not be placed depending on the broker.
Please set it with that understanding if you reduce the value.

SpredFilter_Entry_Onry (Initial Value: True)
You can choose whether to enable the spread filter only at entry or at both entry and exit.
True means it will only be at entry.

Slippage (Initial Value: 3)
If an order deviation of more than the set pips occurs, the order will be postponed.
In environments with high latency, slippage can increase, so
if this value is set too small, orders and settlements may not occur depending on the environment. (It also affects functions like weekend settlement.)
Please set it with that understanding if you reduce the value.

MM (Initial Value: false)
Set to true for compound interest mode.

Risk (Initial Value: 6)
The ℽRiskℽ parameter allows for adjustment of compound interest lots.
The calculation formula is as follows.
Lots = Account Balance × (Risk ÷ 100) ÷ BaseLots ÷ (sl ÷ 100)
BaseLots is the minimum currency unit of your broker.
If the minimum currency unit is 1000, then 100,000 will be entered.
The unit of ℽRiskℽ is %, which represents the maximum loss per position relative to the account balance.
For example, if the account balance is 500,000 yen and the Risk value is set to 5%, the maximum loss per position will be 25,000 yen.
If the minimum currency unit is 1000 and ℽStopLoss1⅓ is set to 100 pips, the lot size will be 0.25.

MaxLots (Initial Value: 1.0)
Please use it when using the compound interest function.
It will not exceed the lot size set here.
Since it is an EA with a maximum of 3 positions, please set the maximum input number to 1/3 of your broker's maximum trading lots to 0.01 lot. (This will also be reflected when not using compound interest, so please be careful.)

ExitTime (Initial Value: 22:50)
The time for weekend settlement.
The time is based on the broker's time.
⅛ hour is the time displayed in MT4.
Since there seem to be differences in trading hours depending on each broker, please set it within the available trading hours.

【isWeekendFilter】 (Initial Value: true)
【WeekendStopDate】 (Initial Value: 5)
【WeekendStopValue】 (Initial Value: 22:30)

You can set the weekend trading prohibition function.
If true, trading will not occur after the time set by WeekendStopDate and WeekendStopValue.
Please input the number for the day of the week in the WeekendStopDate parameter to set it.
1 Monday
2 Tuesday
3 Wednesday
4 Thursday
5 Friday
6 Saturday

If you do not want to create weekend carryover positions,
please set this time earlier than "ExitTime".
⅛ hour is the time displayed in MT4.

If you want to avoid weekend carryovers and want to settle before the employment statistics 15 minutes prior, you can set it as follows.

For GMT+3 (Winter Time +2)
ExitTime ⊲ 15:15 (Winter 16:15)
WeekendStopDate ⊲ 5
WeekendStopValue ⊲ 15:00 (Winter 16:00)

isMondayFilter (Initial Value: false)
MondayStartValue (Initial Value: 5:00)
You can set the trading start time for Monday.
If you want to use it, please select true.
The time is server time.

MaxPositionCount (Initial Value: 3)
You can set the maximum number of positions.
Please enter 1 or 2.
Entering a number greater than 3 will not result in acquiring more than 3 positions.

Entry_Level (Initial Value: 5)
You can adjust the entry acquisition level.
A smaller number means an easier direction to enter,
while a larger number means a harder direction to enter.
Please use it when adjusting the discrepancy with the official forward or when you want to adjust the entry frequency.

Please enter a number greater than 0 and do not enter negative numbers.

Exit_Level (Initial Value: 5)
You can adjust the settlement level by internal logic.
A smaller number means an easier direction to settle,
while a larger number means a harder direction to settle.
Please use it when adjusting the discrepancy with the official forward or when you do not want to settle by internal logic,
or when you want to utilize the trailing stop function.


Wave_Level (Initial Value: 0)
You can adjust the criteria for determining the first wave.
A smaller number means a "smaller wave" direction,
while a larger number means a "larger wave" direction.
Please enter a number greater than 0 and do not enter negative numbers.
The initial value is set for high-frequency trading.
Personally, I recommend "0" or "3".

Entry_Time (Initial Value: 10)
Increasing the time will increase the time slots available for entry.
Basically, it is fine not to change it, but if you increase Wave_Level, increasing this setting value may improve performance!?
Please consider it as a bonus parameter.

TettaiTime_A (Initial Value: 12)
You can freely set the time to enter withdrawal mode for day trading type entries. The unit is (hours).
Entering 12 means 12 hours.

TettaiTime_B (Initial Value: 2)
You can freely set the time to enter withdrawal mode for scalping type entries. The unit is (hours).

TrailingStopMode (Initial Value: false)
This parameter sets whether to enable or disable the trailing stop.
The default is disabled (false).
If you select true, the trailing stop function will be enabled.

TrailingStopPoint (Initial Value: 10)
This parameter sets the fixed width of the trailing stop.
It applies to one position.
Therefore, if there are three positions, it will settle when the total profit of 10 pips × 3 positions decreases by a total of 30 pips.

TrailingStartPoint_1P (Initial Value: 10)
When there is one position, the trailing stop function will activate when the specified profit (pips) occurs.

TrailingStartPoint_2P (Initial Value: 25)
When there are two positions, the trailing stop function will activate when the specified profit (pips) occurs.

TrailingStartPoint_3P (Initial Value: 40)
When there are three positions, the trailing stop function will activate when the specified profit (pips) occurs.

Logic_A (Initial Value: true) Enable/Disable Logic A
Logic_B (Initial Value: true) Enable/Disable Logic B
Logic_C (Initial Value: true) Enable/Disable Logic C
By the way, when Logic C enters, it triggers day trading mode.
If you want to operate only in scalping mode, please disable Logic C.

Logic_Exit (Initial Value: true)
Setting it to true adds one more exit logic.
This exit logic may cause you to miss full TP settlements, but it may also lead to good exits.
If you dislike losing, I recommend setting it to true.
TickEntry (Initial Value: true) You can choose between tick entry or entry at candlestick confirmation.
Please choose according to your preference.


【Revision History】
04B ・You can now select the application range of the spread filter. ・Changed the initial values of the spread filter and slippage filter. ・Adapted to brokers with four decimal places for USDJPY prices. ・You can now set the start time for Monday.