Gotobi Teriyaki MT5

This is an EA for MT5. This EA refers to Windows PC time and automatically converts to Japan time, so it can be used with the same settings! It is easy to set up and even beginners can use it. The only settings you need to change are "long entry time" and "stop loss". The longentry time of 0:00 has been profitable in back tests.

In the case of goto days, the interest rate is actually higher if you do not lose money, but the disadvantage is that each drawdown is larger. When compounding, a drawdown in the second half of the day can be very damaging. Since compounding will increase the final profit, the default stop-loss is set at 25 pips with an eye on compounding. (Optimized figures for the past 10 years.) You can use the rest as you wish! There is a thesis that the benefit of goto days is stronger for dollar-yen, but recently, if you run dollar-yen and yuro-yen at the same time, they complement each other's weakness and have less drawdowns. (Maybe just now?) Concept of EA The price movements of yen-denominated currencies (dollar-yen and yuro-yen) are said to be characteristic on days that are multiples of 5. I heard it is called "Gotobi" (50 days). For details, you can find them on the Internet, so I will skip the explanation. This EA makes a long entry under the following conditions. 1. 1. goto day 2. stay between 0:00 and 9:54 3. weekday 4. number of long positions is 0 5. spread is within 0.25 (settings can be changed) Short entry is made under the following conditions: 1. goto day 2. 9:54 3. weekday 4. number of long positions is 0 5. spread is within 0.25 (settings can be changed) 1. goto day 2. stay between 9:55 and 14:59 3. weekday 4. number of short positions is 0 5. spread is within 0.25 (can be changed) Upgraded on October 29, 2022 version2

Addition of compound interest mode

Added a mode for recovering from drawdowns

Added activation of Friday entries

Added the ability to change the lot number multiplier for each date

Lot size has been optimized.

Four different modes can now be selected.

Four modes

1. fixed lot

2. variable lot (compound interest )

3. fixed lot + recovery mode during drawdown

4. variable lot + recovery mode during drawdowns We recommend using a fixed lot size for the short term and then using a compound lot size once some funds have increased. In addition, we have added a function called "Recovery Mode during Drawdown," which is original to this EA. The more drawdowns you have, the larger the lot size. The more you win, the more you lose, the larger the lot size. This can reduce the stress of frustrating drawdown periods when using EAs. The downside is an increased risk of bankruptcy. This setting is recommended for short-term asset growth. In addition, we have made it possible to increase the multiplier for each date because we found that the expectation level changes depending on the date from the results of the back test. In backtesting, days with a 25th sign have an overwhelming advantage. Therefore, we assume that increasing the lot size on the 25th will increase the profit. November 4, 2022 ver 4 Magic number was modified to "510" Comment was modified to gogo-jan format URL was removed Manual settlement was enabled Default setting was changed Default setting was changed to "Compound interest + regain mode". Update: November 13, 2022 Update: Entry and settlement times can be entered by the user December 2, 2022 Update: Changed from 9:55 to 9:54 The broker has taken measures to widen the spread after the goto date was recognized. Therefore, we have changed the time to 9:54 am, avoiding 9:55 am, when the spread is widened.

December 10, 2022 Update Fix long settlement time bug If you have any other requests, please let me know in the comments 😀.

Parameter Setting Items

Magic Number Magic number can be specified. Spread Limit Entry and settlement are stopped when the spread opens. Time Acquisition Method Time acquisition method can be selected. Use the time calculated by the EA for back testing.Summer Add Time and Winter Add Time MT4 server time can be specified. Order Time You can set the order time. Do you want to enter on Friday? You can specify whether to enable or disable entry on Friday. Lot Size You can select from four different modes. Compound Interest Mode Setting This is the formula for calculating the number of lots when the number of lots is specified as compound interest. The default setting is 100,000 yen. For example, a margin of 1,000,000 yen would be "0.1" lots. Drawdown Mode Settings This is the formula for calculating the number of lots when the number of lots is specified to be multiplied up by the drawdown. The default is specified at 100,000 yen. For example, if the drawdown is 100,000 yen, the lot size will be "+0.01" lot. Setting Lot Size Change by Date You can increase the lot size multiplier by date. For example, if it was a Monday on the 10's day, it will be multiplied by "1.0". For example, if it was Friday, the 25th day of the month, it will be multiplied by "3.0". Stop-loss Stop-loss setting. Unit is in Pips.

Questions and Answers

>What is the appropriate lot for the margin? For compound interest operation, and if the margin is in Japanese yen, we recommend leaving the default settings as they are. Starting with 100,000 yen margin → 0.01 for 100,000 compound interest, you can have 0.06 LOT at the maximum "Friday the 25th" when 2 Dollar Yen and 2 Yuro Yen are in operation. If you start with 100,000 yen in margin, the maximum execution leverage will be about 9 times. If other EAs are also running at the same time, the number of lots can be lowered a little more.

＞In the logic explanation section, where it says "When the long position is 0...", what happens to the entry if there are other positions with the same magic number or discretionary trades? The details of the "when there is no long position" control are: 1. same magic number, 2. same currency pair, and 3. same direction of trade (Buy or Sell). For example, if you are running another EA and have a long USD/JPY position, it will be entered if the magic number is not duplicated.

＞Is the EA itself set for both the dollar-yen and yuro-yen charts?

The EA itself trades the currency pairs on the chart screen.

> The default stop loss line is set at "25", is it correct that this is a number that you have confirmed through back testing and other means that it is sufficient to ensure a sufficient PF? I have decided that 25 pips seems to be a good value for this one, based on a 10-year optimization. Since we have incorporated a compound interest function, this number is based on the drawdown in mind.

>Hosono P - Why are Hosono P's MT4 real results using the Gotobi Teriyaki EA showing a negative transition? The real results are the result of a test run of Gotobi Teriyaki in real operation until August (with buggy behavior). After that, there was the August trade competition, and the real operation results were transferred there. (Managed by another user) ・2022.8.14〜2022.12.09 "Gotobi Teriyaki" onlyhttps://real-trade.tech/accounts/56168 Also here, until the middle of the month, entry on Friday, multiplier increase on specific days, compound interest operation function For the results before implementation, the currency is Yuro Yen Dollar Yen from November and the settings are the same as version 4 with Friday entry, compounding, and multiplier increase on specific days.

>Why are we suddenly winning since November?

We added the compound interest feature with an update on October 29. Until then, we had been operating at a fixed "0.01" rate, so it appears that our profit/loss has suddenly increased.

August 1, 2022 - October 29, 2022 (0.01 fixed)

October 29, 2022 - (compound interest + multiplier increase on drawdown, Friday entry ON, multiplier increase on specific days)

>What is the recommended lot size for simple interest?

The maximum drawdown (maximum loss) for a fixed-lot 0.01 operation is: - $54 for a fixed-lot single-interest with no multiplier increase on a specific day - $115 for a fixed-lot single-interest with a multiplier increase on a specific day To be able to withstand the maximum drawdown, it is necessary to use a fixed-lot single-interest with no multiplier increase on a specific day. In the case of a fixed-lot simple-interest with a specific day multiplier increase, 0.01LOT for 20,000 yen. In the case of a single fixed lot with a specific day multiplier increase, 0.01 lot for ¥40,000.