Progress

Scalping on EURUSD, the most heavily traded currency in the world! Aiming for stable profits!

To set up, simply select the FX vendor you wish to use.

Tuning is preconfigured to match the corresponding FX vendor, making it easy for anyone to operate the system. There is no need to tune a large number of parameters yourself.

Version 1.08 functionality added. Can also be operated by other FX firms by customizing parameters.

Recommended parameter settings for each FX broker (automatically set when you select an FX broker from the pull-down menu)

trader	String representing the USD-JPY pair. If this string is wrong, the lot number will not be calculated correctly.	Minimum account balance (USD) Account balance to take a 0.01 lot position (before conversion to JPY)	Maximum loss ratio (%) If the unrealized loss exceeds this percentage of the account balance, all transactions will be closed.	Minimum margin requirement (%) If the margin requirement falls below this percentage of the account balance, all positions are closed.
Foreign Exchange Finest	USDJPY	$ 1800.0	25.0 % of	9.0 % of
Forex.com	USDJPY	$ 1800.0	25.0 % of	5.0 % of
Forex Exchange	USDJPY.pers	$ 1800.0	25.0 % of	9.0 % of
EZ Invest Securities, Inc.	USDJPY_ (in yen)	$ 1800.0	25.0 % of	9.0 % of
FXTF	USDJPY-cd	$ 1800.0	25.0 % of	8.0 % of
XM Standard Account (actively managed)	USDJPY	$ 600.0	45.0 % of	None (0.0 %)
XM Standard Account (Conservative)	USDJPY	$ 1500.0	50.0 % 50.0	None (0.0 %)
XM Micro Account (actively managed)	USDJPYmicro	$ 6.0	45.0 % of	None (0.0 %)
XM Micro Account (Conservative Operation)	USDJPYmicro	$ 15.0	50.0 % 50.0	None (0.0 %)
Titan (actively managed)	USDJPY	$ 600.0	45.0 % of	None (0.0 %)
Titan (conservative operation)	USDJPY	$ 1500.0	50.0 % 50.0	None (0.0 %)

Forward testing underway at various FX vendors

An impartial third party (myfxbook), the results of the forward test are now available. All have shown steady gains.

Foreign Exchange Finest *Real account

Forex Finest（GogoJungle)

Verification is underway at GogoJungle (Top of this pageSee also)

■■■■Theoretical Basis of this EA ■■■■

What is Scalping?

FX price movements are very minor ups and downs.

So, no matter when you buy or sell.It is highly unlikely that the moment you buy is the highest or lowest price!If you buy a stock, sell it as soon as it goes up and lock in a profit. Therefore, when buying trades go up a little, sell immediately to lock in a profit, and when selling trades go down a little, buy immediately to lock in a profit. This method is called scalping, and it is the mainstream method among professional investors.

That said, not everyone can be profitable at all times.

In forex trading, the bid and offer prices arespreadThe price range is set to always be Sell Price > Buy Price. Therefore, theYou must trade at a time when you can make a profit that exceeds the price range of the spread. To do so, it is necessary to predict some short-term price movements to buy and sell.

If a businessman wants to scalp on Forex, the best way to do it is with MT4 & EA You never know when a high probability of profitable timing will occur. If you are a professional trader who can spend all day long in forex trading, you may be able to stay at your computer screen all day long to trade. However, many office workers cannot do so because of their work commitments during the day. However, if you trade with MT4 & EA, it will automatically detect the timing of profitable trades and make them, making scalping trading possible even for salaried workers.

Why trade with EURUSD?

This EA employs a reverse logic. That is, it sells when the market is suddenly rising, buys when the market is suddenly falling, and confirms profits when a reactionary price movement occurs. The prerequisite for adopting this type of contrarian logic is that the market price does not move too much in one direction, either extremely up or down. This is because when investing with a contrarian logic, you will suffer losses if the market price continues to rise after you put in a contrarian sell because the market price is suddenly rising (the same is true if the market price continues to fall after you put in a contrarian buy because the market price is suddenly falling). Therefore, this EA adopts trading in EURUSD, which is the most heavily traded pair in the world, so it is difficult for the price to fluctuate greatly due to the buying and selling of some investors. Also, because of the large number of traders, sudden price movements are always followed by a certain amount of price movement in the opposite direction. This makes it the perfect pair for scalping. (The USDJPY pair is also the second most traded pair in the world, but it is not well suited for a contrarian logic, since a large percentage of FX trading is done by individual investors and the mood of the market often causes extreme price movements in one direction. Rather, it is more suited to forward logic.)

What is the martingale method?

Even when scalping trades on the EURUSD pair with a contrarian logic, there are times when the price movement in the loss area goes in the opposite direction than expected. In such a case, you should enter (trade and hold a position) in the same trading direction as the first time (if the first time was a buy, the next time will be a buy), but with double the lot size. If the price moves in the opposite direction, the entry is doubled again. As you repeat this process, the price moves in the expected direction and you eventually make a profit. This method is called the martingale method. The EURUSD pair rarely moves in one extreme direction, so if you can find the right timing for the first entry, you have an extremely high probability of winning with the martingale method & reverse logic! The following is a brief description of the martingale method.

Maximum loss is limited in relation to the account balance

When the unrealized loss reaches a certain percentage of the account balance (as shown in the table above), the EA clears all trades and resets the situation. This means that you will not lose most of your money at once, as is often the case with martingale EAs. (However, this only means that the EA is programmed in such a way, and the above behavior is not guaranteed in the event of a high-speed price movement that would not allow the program to be executed in time.)

*Caution for back testing

Bucks test can only be performed in US dollars (USD).The actual operation can only be performed in a yen-denominated account. This is because, while the USDJPY chart can be referenced and converted from dollars to yen during actual operations, this is not possible during back testing.

Update History

1.08 (latest version) The following parameters, which were fixed for each brokerage firm, are now open to customization. This allows customers to operate with any FX broker at their discretion. Account balance to take a 0.01 lot position (USD) If the account balance falls below this percentage, all positions will be closed. If the surplus margin falls below this percentage of the account balance, all positions will be closed. 1.07 The issue of one position remaining when closing a position at a loss has been addressed. 1.06 The maximum number of positions can now be specified (the recommendation is to keep the default). 1.05 FXTF is now supported. Added e-mail notification function in case of line outage. 1.04 Standard accounts are now supported. Minimum margin requirement and maximum loss have been changed. 1.03 Standard accounts are now supported. Micro accounts are now supported.

back-testing

The backtest shown below (below the forward test) is from Foreign Exchange Finest