Lys Blanc CHFJPY Type-F

Investment is at your own risk. Please use settings such as lot sizes that are appropriate for your capital.  

Please use a broker with a stop level as small as possible (below the default TP value of 13). If it is larger, the TP will be further away than intended, which will change the results. 

Update Information

1.4 Changed TP from 14 to 24

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

1.2 Parameter changes: SL = 80 to 75, TP = 8 to 13,

1.1 Initial parameter changes (number of positions from 3 to 5, SL from 35 to 80, TP from 0 to 8)

1.0 Initial version

Features

This EA was created by optimizing LysBlanc (https://www.gogojungle.co.jp/systemtrade/fx/27515) with different historical data (the backtesting published uses the same historical data from Dukascopy for both products).
The basic logic is common, but the entry and exit logic has been readjusted. Compared to the original, the trading frequency is moderate, and there are times when it enters at exactly the same point, as well as times when it enters at different timings. However, since it generally performs similar trades, the correlation is relatively high at about 0.7, so please be cautious when considering it for your portfolio.
 Even with SL set to none (StopLoss=0), it shows an upward trend, indicating that it is an EA that does not solely rely on SL for cutting losses.This can be confirmed by referring to the backtesting section under various conditions. However, the SL15 setting is based on results with fixed spreads, so it is not recommended for real operations where spreads may widen. Please consider it solely for logic verification.
 Please use a broker with a stop level as small as possible (below the default TP value of 13). If it is larger, the TP will be further away than intended, which will change the results.

Basic Information

1. Currency Pair: Swiss Franc to Yen
2. Time Frame: 5-minute chart
3. Maximum Number of Positions: 5 (can operate with 1 position setting)
4. Maximum SL: 75 pips
5. Maximum TP: 13
6. Hedging: None
7. Martingale: None
8. Trading Style: Morning Scalping
9. Trading Hours: 20:00 to 4:00 (excluding around midnight) (based on GMT+2+3)

Notes

• Please use a broker with a stop level as small as possible (below the default TP value of 13). If it is larger, the TP will be further away than intended, which will change the results.
  
• 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 inquiries regarding EA certification, please contact GogoJungle support, not the community.
• Since each person's thinking and acceptable risk levels differ, please calculate the recommended margin and recommended lot size based on your own backtesting, etc. Additionally, 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 lots that are too large for your capital and incurring losses beyond expectations.

Logic

• The logic is a contrarian strategy at the 5-minute level, entering in the opposite direction based on the oversold and overbought signals of indicators.
• If signals are generated, it can hold up to 5 positions.
• Cutting losses and taking profits are done through SL, TP, and internal logic.
• It is not a logic that waits for SL to be hit before cutting losses; it actively cuts losses as needed.
• 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 are 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 Comparison with Original LysBlanc

　

Old Version

Blue: Buy Red: Sell

Parameters

• For GMTOffset, enter the "winter time" GMT of the broker you are using, and no changes are needed during summer time.
• Please enter the summer time method of the broker you are using for SummertimeType.
• Setting TakeProfit to a positive value will set the TP.
• The EntryBarInterval parameter can be used 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

This logic shows little difference whether at the opening price or on all ticks. The spread is 2 pips. Please note that this is solely for verification with fixed spreads, and there may be discrepancies in real operations. No SL carries higher risk, so please proceed at your own risk.

Recommended Environment

• Please use a broker with a stop level as small as possible (below the default TP value of 13). If it is larger, the TP will be further away than intended, which will change the results.
• Costs such as spreads, commissions, and slippage should be as low as possible.
• The spread should not widen too much in the early morning and should return to normal spreads as quickly as possible.
• Five daily candles.
• Stop level should be zero or sufficiently small.