Lys Blanc CHFJPY

Investment is at your own risk. Please use it with settings that match your capital, such as lot sizes.

Update Information

　

2.0 Adjustments to trading logic, SL/TP, maximum number of positions, etc.

1.4 Previously, only historical data using GMT+2/3 for US daylight saving time was supported during backtesting, but now it supports historical data for other GMTs with parameter changes. Since it originally supports all GMTs during operation, those who do not backtest do not need to change anything.

1.3 Changed initial parameters SL=80, TP=6.

1.2 Returned MaxPosition from 4 to 6. If you want to reduce it, feel free to change it as you prefer.

1.1 Changed MaxPosition from 6 to 4. Added a new parameter EntryBarInterval.

Features

This is a short-term trading type morning scalper with a shorter position holding time.It is recommended for those who dislike deep SLs and do not want to hold positions for long periods.

Basic Information

• Currency Pair: Swiss Franc / Japanese Yen
• Time Frame: 5-minute chart
• Maximum Number of Positions: 3 (can operate with 1 position setting)
• Maximum SL: 90 pips
• Maximum TP: 33
• Hedging: None
• Martingale: None
• Trading Style: Morning Scalping
• Trading Time Zone: 20:00 to 4:00 (excluding around midnight) (based on GMT+2+3)

Notes

• Please use with brokers that have a stop level of 6 pips or less for CHFJPY (it is possible to use with brokers that have a larger stop level, but TP will be set further away than originally intended).
  
• The developer does not provide advice or support regarding basic knowledge of MT4, EA settings, FX, or investment, so please be aware of this in advance.
• For EA certification inquiries, please contact GogoJungle support, not the community.
• Since each person has different thoughts and acceptable risks, please calculate the recommended margin and recommended lot size based on your own backtesting, etc. Also, since the market is unpredictable, there is no 100% safe margin or lot size.
• Investment is at your own risk, so please set lot sizes and other settings carefully.
• Please refrain from making harsh reviews or questions such as "I lost XX yen" due to setting a lot size that is too large for your capital and incurring losses beyond expectations.

Forward

Since version 1.3, it has been performing quite well.

 

Logic

• The logic is a contrarian strategy at the 5-minute level, entering in the opposite direction based on oversold and overbought signals from indicators.
• If signals are generated, it will hold up to a maximum of 3 positions.
• Stop loss and take profit are executed based on internal logic.
• It is not a logic that relies solely on SL for stop loss. It properly executes stop loss based on internal logic.
• With low SL and quick settlements, the stress of holding onto losing positions for long periods is minimized.
• Around midnight (based on GMT+2+3), due to fluctuations in spreads, reproducibility is lost, so no entry or exit orders are placed.
• No entries will be made during the week of the US presidential election.
• To avoid being caught in sudden movements during the end-of-month London fixing, entry restrictions are in place.
• It is equipped with something like a breakout filter. Specifically, if a small consolidation is observed on a higher time frame, it refrains from entering for a certain period, considering the possibility of a subsequent explosive breakout.

Trading Image

Parameters

• For GMTOffset, enter the "winter time" GMT of the broker you are using, and no changes are needed during summer time.
• For SummertimeType, please enter the summer time method of the broker you are using.
• Setting TakeProfit to a positive value will set TP (the default of 0 means only internal logic will execute the settlement).
• The EntryBarInterval parameter can be used when you want to prevent positions from clustering too closely. If EntryBarInterval=n, it will leave a minimum of n bars between positions. 0 allows entry on every bar (default).

Backtesting under various conditions

With a 1 position setting, stop loss set to 15 pips, and a default spread of 3 pips, the results are trending upwards.Therefore, it is also possible to operate with your own settings. The logic does not show much difference between opening prices and all ticks. The top three have a spread of 2 pips. This is for verification purposes with a fixed spread, so there may be discrepancies in real operations. Operating without SL carries higher risks, so please do so at your own risk.

Other Recommended Products

There is also another product in the series, "Lys Blanc CHFJPY Type-F", so please check it out. https://www.gogojungle.co.jp/systemtrade/fx/28543Lys Blanc CHFJPY Type-F

Recommended Environment

• Costs such as spreads, commissions, and slippage should be as low as possible.
• The expansion of early morning spreads should be small, and they should return to normal spreads as quickly as possible.
• 5 daily candles.
• Please use with brokers that have a stop level of 6 pips or less for CHFJPY (it is possible to use with brokers that have a larger stop level, but TP will be set further away than originally intended).
  

FAQ

First of all, if you have any questions, we recommend checking GogoJungle's "Frequently Asked Questions" at ⋲https://fx-on.com/inquiry/knowledge/

• Q. I am not trading. Or, I cannot set it up properly.
A. First, we recommend reviewing the setup method on GogoJungle's page here ⋲https://www.gogojungle.co.jp/post/1/8212. Common patterns when the setup and certification are done but trading does not occur include:
• Not meeting the entry conditions.
• Not meeting the entry conditions due to differences in distribution rates caused by environmental differences.
• Spread is larger than the spread filter (parameter: MaxSpread).
• Incorrect chart (time frame, currency pair).
• Communication issues, etc.
• Insufficient margin.
In cases related to the spread filter, increasing MaxSpread will increase the likelihood of entry. However, trading in an environment with large spreads will be very disadvantageous, so it may be worth considering changing brokers.
         
• Q. The results differ from the forward.
A. Differences in trading results will inevitably occur due to differences in brokers, communication environments, distribution rates, spreads, communication speeds, etc. There will also be differences between demo accounts and real accounts. The forward is a demo account. We strongly recommend operating in a trading environment with the best possible conditions.
• Q. I want to know the recommended margin and lot size.
A. The developer does not provide individual recommendations for margin, so we would appreciate it if you could make your own judgment based on backtesting, etc.

For example, in backtesting from 2003 to 2021 (V1.1), with a lot size of 0.1, the maximum drawdown is about 100,000 yen, so for a capital of 1,000,000 yen, it would be a calculation of a 10% drawdown. From this calculation, you can calculate the lot size and capital based on the risk you can tolerate. ⅛ However, there is no guarantee that the maximum drawdown in future backtesting will not be updated.

⅛ This calculation method is just one example, so we recommend calculating in a way that you find satisfactory. 

• Q. Can I use it with the settings as they are?
A. First, please set the lots according to your capital and acceptable risk. If the time zone of the broker you are using is the general GMT+2/3 US daylight saving time method, you can leave it as is. Otherwise, please enter the winter time GMT in GMTOffset and the summer time method in SummerTimeType. This setting is fine for both summer and winter. If you are unsure of the time zone, please check the broker's website (the creator does not know).




• Q. Is the official forward set to default settings?
A. All forwards for my products are set to the default settings of the latest version.