BBHL band H1 for GJ

This “BBHL band H1 for GJ” is an EA for GBPJPY that trades by utilizing short-term price movements based on the daily Bollinger Bands (BB), and the recent days-to-weeks high and low lines as reference.GBPJPY is the target currency pair for this EA.

※This integrated version EA of the BBHL band H1 series including this EA is the “BBHL band H1 (Integrated Edition)” (supports currency pairs AUDJPY、NZDJPY、CADJPY、GBPJPY、USDJPY、EURJPY、GBPUSD、EURUSD、EURGBP、AUDNZD、GBPCHF), so please take a look if you’re interested. Also, together with this EA and other GBPJPY-focused EAs “"James Pound (BB break M15 for GJ)"”“"HL band H4 for GJ"”“"Poundeur (HL band M15 for GJ）"”“"BB Expand+ H1"”“"Pound Bound (BBbandW M15 for GJ）"”を組み合わせたデラックス版EA「"Pound-zukushi"」もありますので、よろしければご確認ください。

From the BB and the high/low lines, we judge whether the market is settling into a certain price range (range-bound) or whether a trend is developing. If it is range-bound, trades are based on a range strategy (when the price is above the range, sell; when below, buy). If an uptrend or downtrend is developing, trades follow a trend-following approach (targeting slight price retracements to catch the trend), aiming for short- to mid-term price movements.In addition, entry timing uses the logic of “BB break+ H1 for GJ” (this EA), entering on a short-term BB breakout to reduce unnecessary entries and only enter at high-probability moments. ＃Fixed operation (no compounding)We re-measured using Dukascopy Tick Data with Tick Data Suite (TDS) (as of 2022/08/04). (Performance declined slightly, but reliability should be higher.) The test results for trading 10,000 currency units (1 position, though hedging is possible) from 2007/01/01 to 2022/08/30 are as follows.Profit factor 1.97, win rate 73.4%, profit around 2.69 million yenThis is the result. 　※Details arehere。 <2007/01/01～2022/08/30>

QUANT ANALYZER REPORT :Below is the QUANT ANALYZER REPORT. You can see yearly monthly profits (MONTHLY PERFORMANCE) and monthly average profits (MTHLY AVG PROFIT), etc. (Although shown in dollars ($), the unit is yen.)

## 25.11.03 Addendum: Ver1.04 compatibility ## Added parameter “ParameterSet = 1” and adjusted internal parameters toward recent market conditions. Backtest results are below. (Setting “ParameterSet = 0” yields Ver1.03-like behavior.) We hope performance improves, but please note there is no guarantee.

＃Compounding enabledWhen using compounding mode,Starting with 100,000 yen margin in 2007/01, about 6.5 years later in 2013/07 you surpass 10,000,000 yen, and about 9 years later in 2016/01 you exceed 100,000,000 yenin simulation results. 　※Details are uploaded at“Backtest results with compounding enabled”. 2007.01, started with 100,000 yen 2009.10, over 1,000,000 2013.07, over 10,000,000 2016.01, over 100,000,000 <2007/01/01～2022/08/30> Even starting in 2015/01 with 100,000 yen would exceed 10,000,000 by 2022/05This is the simulation result. 2015.01, started with 100,000 2018.03, over 1,000,000 2022.05, over 10,000,000 <2015/01/01～2022/08/30>## 25.11.03 Addendum: Ver1.04 compatibility ## If parameter is set to “ParameterSet = 1,” the compounding results are as follows. !!!!! Caution !!!!!! If you compound and encounter a losing streak, you can lose funds quickly, so please be careful not to raise the baseline value too much!■EA settings, etc. This EA runs on an hourly basis. It uses only confirmed data on the hourly chart to determine entries and closes. Because entries are judged on confirmed conditions and executed as market orders, the difference between backtests and live trading is reduced. Please modify only the following parameters.

Parameter	Content
MagicNumberB
MagicNumberS
Lots	Order lot size. The initial setting is 10,000 units (0.1 lots), so adjust according to your budget.
複利運用基準値	If compounding is used, enter the base amount. “注文ロット数= (有効証拠金 / この基準値) * Lots” is calculated to place orders. To disable compounding (fix the lot size to the Lots setting), set this to 0. The default is 200,000 yen (=200000). Orders are placed at a rate of 0.1 lots per 200,000 yen of usable margin. With 1,000,000 yen usable margin, you would hold a 0.5 lot position. Example） Based on usable margin changes, it becomes as follows. Lots=0.1, Baseline=1000000: Usable margin = 1,000,000 yen => Order lots = 0.1 Usable margin = 500,000 yen => Order lots = 0.05 Usable margin = 100,000 yen => Order lots = 0.01 Usable margin = 2,000,000 yen => Order lots = 0.2 Lots=0.05, Baseline=100000 yen: Usable margin = 100,000 yen => Order lots = 0.05 Usable margin = 200,000 yen => Order lots = 0.1 Usable margin = 1,000,000 yen => Order lots = 0.5 Lots=0.1, Baseline=200000 Usable margin = 200,000 yen => Order lots = 0.1 Usable margin = 500,000 yen => Order lots = 0.25 Usable margin = 1,000,000 yen => Order lots = 0.5 ※However, if the amount becomes less than 0.01, it is set to 0.01 lots, and if it exceeds 20, it is set to 20 lots. Rounding is applied to the nearest.
許容スプレッド	Specifies how much spread to tolerate when it widens. If the spread widens beyond this value, entry is avoided.
トレンドモード	Please set to “Auto”, “Long”, or “Short.” “Long” trades only on buy orders, “Short” trades only on sell orders. “Auto” will trade both buy and sell.
最大ストップロス	Set the maximum stop loss value (in pips). This is effective only when the value is between 10 and 1000, and the stop distance from the entry price must be within the specified value. (However, since the Stop value is determined based on the entry Open price, delays in entry may cause overshooting.) ※The default is 400 (the conventional behavior). ※Backtest results when this value is changed are shown in the table below “Backtest results when Maximum Stop Loss is changed.”
最大テイクプロフィット	Set the maximum take-profit value (in pips). This is effective only when the value is between 10 and 1000, and the take-profit distance from the entry price must be within the specified value. (However, since the take-profit is determined based on the entry Open price, delays in entry may cause overshooting.) ※The default is 168 (the conventional behavior).
パラメータセット	“ParameterSet = 1” (default) uses the adjusted internal parameters from Ver1.04. Setting “ParameterSet = 0” yields Ver1.03-like behavior.

参考：最大ストップロス変更時のバックテスト結果Test results for trading 10,000 currency units (1 position, though hedging is possible) from 2007/01/01 to 2022/05/30. <2007/01/01～2022/05/30> ■Other SeSe-listed products・https://www.gogojungle.co.jp/users/60058・Blog article “SeSe-created EAs categorized and introduced”■Revision history == Ver1.04 == ・Added parameter “ParameterSet = 1” and adjusted internal parameters toward current market conditions. 　（Setting “ParameterSet = 0” yields Ver1.03 behavior.) 　We hope for improved performance, but please note there is no guarantee. == Ver1.03 == ・Added “Maximum Take Profit” parameter to allow setting the maximum take-profit value (in pips). 　See the description of the above parameter for details. ・Re-tuned internal parameters (recalculated with Dukascopy tick data). == Ver1.02 == ・Added “Maximum Stop Loss” parameter to allow setting the maximum stop loss value (in pips). 　See the description of the above parameter for details. ・Fine-tuned internal parameters. == Ver1.01 == ・Adjusted internal parameter settings (e.g., reducing maximum stop loss) ・Changed initial value of compounding base value (160000 -> 200000) == Ver1.00 == Newly created。 ■Other notes・For EA installation, please refer to “MT4 EA (Expert Advisor) installation procedures, Indicators installation procedures,” “Items to check when the EA does not run,” etc. ・When installing the EA, please also install the included library file OrderLib.ex4. Place it in MT4 data folder: 　.\MQL4\Libraries\OrderLib.ex4 ・Before use, please display the 4-hour, daily, weekly, and monthly charts for the target currency pair.（This EA also uses chart information other than the 1-hour chart, so this is to incorporate that information.) ・The developer cannot compensate users for losses caused by bugs or other issues. However, if bugs are found, we will promptly work to fix them. ・This product does not guarantee profits. Backtests, forward tests, and actual trading may yield different results.