Steadiness3

Reverse martingale for stable growth.

parameter

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

String representing the USD-JPY pair. If this string is wrong, the lot number will not be calculated correctly.	Account balance to take a 0.01 lot position (USD)
default	USDJPY	$ 1000.0

■■■■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!The first step is to buy. 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.

The best way for salaried workers to scalp on Forex is with MT4 & EAs. 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.

What is Reversal?

This EA adopts 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 prerequisites for adopting this type of reverse logic areMarket prices do not move much in one direction with extreme ups and downs.This is important. This is because when investing with a contrarian logic, if the market price continues to rise after a contrarian sell because the market price is suddenly rising, you will suffer a loss (the same is true if the market price continues to fall after a contrarian buy because the market price is suddenly falling). Therefore, this EA has adopted to trade in EURUSDSince the EURUSD is the most heavily traded pair in the world, it is difficult for the price to move significantly due to the buying and selling of a few investors. Also, because of the large number of traders, sudden price movements are always followed by a reactionary move in the opposite direction to some extent. 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?

In a nutshell, the martingale method states that if you lose, you should try to recoup your losses by betting twice as much money. This may sound like a risky strategy of a baseless, competitive trader. However, this is not the case in the case of reverse logic. Losing once in a reverse logic strategy means that the price is going up and down extremely. This will attract the attention of the market. Especially in the case of EURUSD, there are many market participants and real demand, which means that the price adjustment force is stronger, and the price reversal pressure increases. In other words, the probability of losing two or three times in a row becomes lower and lower.

Maximum loss is limited relative to account balance

This EA limits the number of martingales to a maximum of 3. In other words, the number of lots is limited to a maximum of 8 times (3 to the power of 2). Therefore, the maximum loss is limited to about 15%. which is common in EAs using the martingale method.There is no such thing as losing most of your funds all at once.. (However, this only means that the program 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.

Differences from Progress2 My previous EA , Progress2, is a strategy based on the same logic, but with the following improvements.

Do not carry over previous positions during martingale

Progress2 was still holding the previous position at the time of martingale. This sometimes left positions open for more than one month, resulting in negative swap points and deteriorating the EA's performance. Steadiness3 closes a position after each entry, before the martingale. Therefore, positions are not held for longer than necessary.

When using a martingale, the timing of entry is not based on the price, but on the same RSI reference value as the first entry.

In Progress2, after the initial buy entry, when the "price" moved in the opposite direction, I would martingale with my previous position. However, in such a case, the martingale would progressively advance as the price slowly moved in one direction, and in the end, it was not uncommon for the trader to lose money up to the loss point. With Steadiness3, the direction of entry is determined independently by the indicators at that point in time. I believe that the total winning rate has increased because I can enter at a time when a price reversal is more likely to occur.