Genuine

Frequently Asked Questions

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Product Description

Product name：Genuine
Currency Pair: EURUSD
Time frame：M5 (5 minutes)
Logic Type：Scalping

Major Features of Genuine

≫ The concept is "an EA that trades only during a certain time period.
Genuine is an EA that focuses on market movements from 9:00 AM~17:00 PM Japan time (0:00~8:00 UTC).
The major advantages of this EA are as follows: ・It is less likely to be affected even if there is a window opening on Monday. It is not affected by large indices that tend to be concentrated in the evening of Japan time. The number of large foreign investors is relatively small, so it is less likely to be affected by hedge funds, etc. The EA may be a little eccentric, but it is a good choice for the market.
The characteristics of EA may be a little eccentric, but don't worry. The EAs that I create, including the Genuine EA, are consistently based on the concept of
I develop EAs based on the premise that "EAs are fun and easy to use, just like being fashionable.

EA that can be used by both beginners and intermediate/advanced traders alike. I developed Genuine based on such a concept.

Easy to use with few setting items = low performance? Easy to use with many setting items = high performance?

There has been such a misconception in the EA world for many years, but the number of setting items has nothing to do with the performance!

Genuine is a simple EA with simple setting items, but it is a full-fledged, highly functional, and high-performance EA.


≫ A new type of walk forward has been introduced to eliminate over-optimization as much as possible.
I have studied various currency pairs for many years in order to make money in all kinds of markets.
After many years of research, I have applied AI technology to analyze the market and developed logic based on the data obtained.
However, EAs have a different aspect: the fear of over-optimization.
Therefore, we introduced a new type of walk forward to reduce the risk of over-optimization as much as possible.
We used our AI system to analyze the market and develop the logic.


≫ Various innovations have been made to achieve results as close to back-testing as possible, i.e., reproducibility.
Back testing is a very important step in checking the performance of an EA. However, did you know that depending on the stage of EA design and development and the method of back-testing, back-testing may not be helpful at all?
One fact that many people do not know is that due to the structure of MT4, tick data is completely unre liable.
In MT4 backtesting, there is a setting called visual mode. This is the one where you can see the trades as the price bars move on the chart. It looks as if it is reproducing the market trend, but in fact, it is a very random movement.
This is because MT4 only acquires 4 data: "opening price," "high price," "low price," and "close price.
Therefore, the reproduction of price movement in the visual mode is a random movement made from the data of opening price, high price, low price, and closing price, and random numbers.
Therefore, even with EveryTick, which is considered the most accurate backtesting method, it is not possible to conduct an accurate test.
Therefore, the most reliable method is to trade at the opening (closing ) price. This is commonly referred to as "opening price action.
If the EveryTick backtest is conducted with an EA that uses opening price action, it is possible to verify with a certain degree of accuracy.
Accurate historical data is also important for back testing.
The data provided by MetaQuote is so inaccurate that it can be said to be out of the question, and FXDD's data, which is easy to obtain, is also riddled with erroneous data. Currently, the most reliable data is provided by Dukascopy.
The most reliable data is that provided by Dukascopy.
Unfortunately, MT4 backtests reproduce spreads fixed at specified values and no slippage, which is far removed from the actual market environment.
Therefore, in order to perform a backtest as close as possible to the actual market environment, it is necessary to use the external software "Tickdata Suite" (a.k.a. TDS), which reproduces variable spreads and slippage.
Based on these important points, Genuine uses the Tickdata Suite (TDS), which reproduces the variation spread and slippage, in order to obtain results as close as possible to the backtest in the actual market environment .Back testing using the Tickdata Suite to reproduce changed spreads and slippage
We have developed and verified this system by focusing on several factors.



≫ No martingale, no napin, no grid. Genuine includes two logic products, each of which trades independently. Therefore, depending on market conditions and logic judgment, there is a possibility that each logic will place an order in a different direction (double position), but please rest assured that there will be no martingale, no nampin, and no grid.

Features

• Dummy TP/SL function

The

price reaches the SL momentarily, and then the price does not come to that value. That... could be a stop-hunting!
Genuine trades with fake TP/SL as a countermeasure against fraud on the broker's side. Genuine counteracts broker fraud by placing orders with fake TP/SL values and then suddenly closing or setting trailing stops or break-evens at the time of actual settlement.

• Proprietary Trailing Stop Function
Genuine has a proprietary trailing stop function. It is not only triggered by a simple unrealized profit of a certain amount, but also triggered by various factors.
Break Even
• Function
Genuine is equipped with a break even function.

Genuine is equipped with
• multiple
settlement logics. Genuine is equipped with multiple settlement logics to allow you to close your positions in the shortest possible time and with the least amount of profit or damage possible.

• Weekend Trading Restrictions and Settlement Function
Also, from late Friday night until early Saturday morning, when the market closes, volatility declines sharply, making it difficult for technicals to work.
If major global news is announced on Saturday or Sunday while holding a position, it is very scary to start the week with a position in the market.
Genuine has a trading restriction and settlement function for the weekend.
New Year's
• Trading Limit Function
During the New Year's holiday, the volatility drops drastically and it is difficult for the technical market to work. Genuine is equipped with a function to limit trading during the year-end and New Year's holidays.

• Auto GMT function
If you set the server GMT manually, it is easy to forget to set it again during daylight saving time or normal time. Genuine is equipped with the Auto GMT function.

• Retry function
Error on new order... Error on modify order such as trailing stop or break even... Error on close order...
These can be caused by various reasons such as market conditions or the range between the order price and the market price. There are many reasons for this, such as market conditions or a problem between the order price and the market price, but there are many situations in which it is not good to end up with an error.
Therefore, all of my EAs are equipped with a retry function. If an error occurs in all order processing, such as new orders, change orders, and settlement orders, the EA will retry at a certain interval and for a certain amount of time to recover from the error.

Parameters

• Lot
Enter the lot size. The minimum lot size varies by broker, so check the environment of each company and set accordingly.

• MaxSpread
Spread filter. If the spread is greater than the value specified here, no new orders will be placed.

• MagicNumber1 / MagicNumber2
Magic numbers for positions used by Genuine. Please set them appropriately so that they do not overlap with the magic numbers of other EAs.

• Comments
Comments can be left on Genuine's trades.

• SummetTimeType (Initial=2)
Specify the daylight saving time system of the operating broker. 0= Broker with the same GMT offset throughout the year with no daylight saving time system 1= Broker operating under the European daylight saving time system 2= Broker operating under the American daylight saving time system

• SummerTime_GMT (default=3
) Enter the GMT offset for daylight saving time for the operating broker.

• DefaultTime_GMT (default=2
) Enter the GMT offset for the operating broker's normal time.

• Use_SihyouFilter (default=true)
This is the news filter function. When enabled, no trading will take place for the week beginning after 17:15 JST on Fridays. If the function is turned on and you already have a position, the position will be closed after 17:45 JST and will not be carried over to the next week.

*** How to install ***
For details, please download the Genuine User's Manual from the following URL.
https://bit.ly/2UF7E5n

Developer Profile

[Alexa]
Started to exhibit MetaTrader EA on Gogojan-sama (fx-on) in November 2017. Her representative work "InstaFX" has sold more than 1,000 units in total including the derivative version for Gogojan's events.
Usually, he develops AI systems for a company. However, I would like to apply my AI technology to EAs and make EAs that are loved by everyone.