Cygnus USDJPY M5

Hello, my name is MT lightning. I am creating an EA with a focus on 1-position, 24-hour trading. ----- Cygnus USDJPY 5M -----

■Introduction Article
In the 12/7 newsletter, "Excavation! Entry accuracy is high! Cygnus USDJPY", Mr. Hayakawa, a representative of Gogojan, featured this EA. Click here to read the article 1 position & no both positions
Although it is possible to increase PF by taking multiple positions without using "nanpin" or "martingale," it is not possible to increase the lot size because the drawdowns will be larger. Since this EA has one position and no double-digit trading, we believe that it is easy to manage risk even with high lot size. Basic Logic
Logic 1: After confirming the medium/long-term trend, buy the market on the short side and sell on the long side. When the profit margin reaches 20 pips (default value; can be changed by the user), a trailing stop is used to extend the profit. Logic 2: If the trend does not extend in the direction of the trend after entry and stagnates, the position is closed with no or a small increase in profit, as the possibility of a trend in the opposite direction is high. Logic 3: If a trend in the opposite direction occurs after entry, the position is closed when the trend pauses and returns slightly. If there is little or no reversal after the entry, the Stop Loss will be 100 pips (default value; can be changed by the user). The stop loss is 100 pips wide, but in most cases, the stop loss will be cut by Logic 3. In back testing, the number of times the stop loss was applied is 36 times over the 12 years from 2007 to 2018 (about 2000 trades), so about 3 times per year (1 time in 60 trades). ■24-hour trading & same logic at all times
I think there are many EAs that trade only at specific times, such as morning scaling. However, I believe that a superior logic can work at any time of the day. Therefore, this EA does not use different logic or limit trading hours depending on the time or date. Since the logic is always the same, I believe that the risk of over-optimization is small. ■Implementation of Variable Trailing
Based on the experience of a trader who missed out on a large profit because of further growth immediately after taking profit with a trailing stop, we came up with a logic that extends the trailing range as the profit grows. In this EA, the trailing stop is first triggered at a profit of 20 pips (default value; can be changed by the user), and the trail width is always set to 10% of the profit. This makes it more difficult for the trailing stop to be triggered when profits increase significantly. Backtesting shows a slight increase in PF compared to trailing with a fixed width. ■Compatible with firms with large stop levels.
When the stop level is large (e.g., 5 pips for FXTF), the initial trailing width is 20 pips x 10% = 2 pips, so a trailing order cannot be placed as it is. Therefore, until the trail width reaches the stop level, the trail width = the stop level value, and variable trailing will start from the point where this value is exceeded. ■High Spread Tolerance
The back-test results from 2007 show that the expected gain = 492 (Lot = 0.1, Spread 1 pips), so the net pips gained per trade (= (total pips gained - total pips lost) / number of trades) is 4.92 pips. Even with a spread of 5 pips, you will still make a profit. Backtest with a beautiful upward trend
It is characterized by very good linearity. This is a stable profit in any market, and it can be said that there are not many strong or weak markets. Various parameters
TP(pips)...profit pips SL(pips)...Stop-loss pips Trail start (pips)...Trail start pips Lots...Number of lots (default value: 0.1) magic...magic number (initial value: 42409102) turbo...Turbo value: Larger numbers increase the number of trades but decrease the win rate. (Default value: 100) MM: Select true to operate with compound interest (Default value: false) risk: When MM=true, (0.1×risk)Lot with a surplus of 1 million yen or 10,000 USD Minimum Lot when MM=true (Ignored when MM=false) Fixed Lot when MM=false (Ignored when MM=true) Swap Target Option: If true, only buy positions are taken from 1 hour before the swap point award time to the same time. Swap Target Option: Used for the Swap Target Option. Please check the specifications of the trading firm. Weekend Close: When true, positions are closed at a specific time on Friday. Close Time (Server Time): Please specify the time at which you would like to force a weekend close position. No new positions will be taken 30 minutes prior to the same time. Year-end trade limit: When true, no trades will be made after the specified date in December. Do not trade after this date: Specify the date on which the year-end trade restriction will be enforced. New Year Trade Limit: If true, no trades will be made before the specified date in January. Do not trade until this date: Specify the date when the New Year trade restriction will be applied. ■Please use a firm with three decimal places.
We do not expect traders to display Bid and Ask to two decimal places, such as (110.00), and trailing stops and stop-losses will not work properly. Please use a broker that displays three decimal places, such as (110.000). Notice of Version Upgrade (v3)
Changes: In addition to the existing medium-term trend using 5-minute time frames, the long-term trend using daily time frames is now referenced to further increase the number of trades & improve performance. Backtest results over the same time period have changed as follows (v1 -> v2 -> v3). Profit factor: 1.77 -> 1.93 -> 2.05 Number of transactions: 2011 -> 2039 -> 2346 Net profit: 931180 -> 983830 -> 1154130 Maximum drawdown: 2.41% -> 3.10% -> 2.93 Relative drawdown: 3.18% → 3.10% → 2.93 Expected gain: 463.04% → 482.51% → 491.96 SQN value by Quant Analyzer4: 4.51 As before, the same logic is used 24 hours a day, 7 days a week, 365 days a year, so we do not believe this is due to over-optimization. ■Updated version (v4) (2019.12.2)
☆Change 1: Weekend Close functionality has been added (optional). 　If you want to use it, please set "Weekend Close" to true and specify the close time (server time). Please specify the close time (server time) (default value: 17). The position will be closed at the close time on Friday. No new positions will be opened 30 minutes prior to the close time. The difference in performance with and without the weekend close function is as follows Profit Factor No: 2.05 Yes: 2.06 Number of trades No: 2346 Yes. 2212 Net profit: No: 1154130 Yes: 1092720 Maximum drawdown: No: 2.93% Yes: 1.57 Relative drawdown: No: 2.93% Yes: 1.89 Expected gain: No: 491.96 Yes: 494.00 True weekend close has mainly helped to reduce drawdowns. ☆Change 2: Added (optional) year-end and New Year trade restriction function. 　To use this function, please set "Year-End Trade Restrictions" and "New Year Trade Restrictions" to true and specify the date to be restricted. For example, if "No trades after this date" = 30 and "No trades until this date" = 3, the no trade period will be from December 30 to January 3. ☆Change 3: Swap Target Option is added (optional). 　Many traders receive swap points if they hold a position at the "swap grant time" (server time is midnight on OANDA Japan Tokyo server). 2019 Currently, for the USDJPY pair, swap points are positive for BUY and The "Swap Target Option" is set to "Swap Target Option". If "Swap Target Option" = true, only buy positions will be taken from 1 hour before the "Swap Grant Time" specified in the next section to the swap grant time. This function allows you to earn swap points more efficiently. ■Notice of Version Upgrade (v5)(2019.12.10)
☆Changes: The gain (TP) pips (default 1000), loss (SL) pips (default 100), and trail start pips (default 20) can now be changed by the user. If the profit pips are smaller than the start trailing pips, a trailing stop will not be applied, but we basically recommend closing with a trailing stop. Below is a list of net profit (in yen, upper panel), profit factor (middle panel), and drawdown (lower panel) for various settings of start and stop pips. The profit factor is always above 1.5 even at a wide range of settings, and we believe that the performance is good enough to be used in actual operations. Please use the settings of your choice. You can run EAs with different settings at the same time as long as they are within the account associated with the EA, but please be careful not to duplicate the magic number.

Notice of Version Upgrade (v6) (2020.2.21)
This EA is composed of the three logics shown below, but since the beginning of 2020, there have been a series of cases in which the early close using Logic 2 has backfired and profits that should have been earned have been lost. Therefore, we have made it possible to manually turn Logic 2 on and off, and have also changed the default setting of Logic 2 to off (false). If you wish to continue to turn it on, please change logic2=true. In addition, the default values have been changed as follows Maxspread = 20 → 30 weekend_close = false → true