Elastic EA for USDJPY

Elastic EA for USDJPY

This EA is the ultimate in position trading, holding positions 24 hours a day, 365 days a year.

Origin of the name

The goal was to achieve elasticity (Elastic).

Based on past price movements, the nature of the currency/weekend/index/economic shocks, the

It is attached to the desire to create an EA that can face everything and adapt to expansion and contraction at will.

EA Features

logic

Referring to the most recent high/low price and the current time, it determines whether to buy or sell a position.

In the case of neither buying nor selling, the most recent position is held as is.

The action is a continuous choice between holding the position or do-ten (reversing the position), and therefore, the

With the exception of the time leading up to the first entry, time without a position will essentially cease to exist.

Entry Timing

A trading decision is made only when a new 5-minute bar is generated.

Therefore, the actual operational results will be close to the back-tested results using only the 5-minute opening price.

Only one position held at a time

This EA simply holds only one position. It does not use "nanpin" or "bilateral trading".

Weekends, indicators, economic shocks, we accept it all!

When holding a buy position, the

You will gain if the rise is due to sudden and unpredictable fluctuations.

If the downward movement is due to sudden and unpredictable fluctuations, a loss will be incurred.

If it had been unpredictable, its expected value would have been 50%.

then there is no need to close the position.

This is the concept behind our EA.

Therefore, there is no need to stop the EA on weekends or before indicators.

Trend in USDJPY

From the optimization, we have found the advantage in the forward position in USDJPY, so the trade is to aim for profit in the forward position.

Unfavorable market conditions

In order to aim for a forward trend, you may be caught in a so-called damashi in a range market and continue to lose.

The red line is the sell entry and the blue line is the buy entry.

Strong market position

Conversely, in a trending market

It continues to hold a position unless a signal in the opposite direction is given, thus greatly increasing profits.

Back-test results for simple-interest operations

In a back test for the past 10 years (2013/01 to 2023/01), with a spread of 10 and a fixed lot size of 0.1

The maximum drawdown was 74,610 yen, resulting in a net gain of 1,591,550 yen.

There is a slight wave in the profit/loss graph, but I think you can see a definite advantage.

Compounding back-test results

In compound interest mode under the same conditions, the

Even with a solid setup of 0.1 lot increase per 300,000 yen of excess margin

The initial margin of 1 million yen results in approximately 100 million yen in 10 years.

Parameter Description * Default values in parentheses

Lots (0.1)

　Number of lots

　If the parameter "MM" in compound interest mode is "false", it is used as is.

　If "MM" is "true", the number of lots is automatically calculated so that this number of lots increases per amount set in "FreeMarginPerLots".

MM (false)

　compound interest mode

　true" is on and "false" is off.

Max_Lot (30)

　Maximum lot size

　The maximum number of lots in compound interest mode.

Min_Lot (0.01)

　Minimum lot size

　The minimum number of lots in compound interest mode.

　Please take care to set the number of digits available at the broker.

Lot_Digit (2)

　Lot Decimal Digits

　Please take care to set the number of digits available at the broker.

　Set "1" for brokers that support 0.1 lot, and "2" for brokers that allow 0.01 lot.

　Affects the calculation of the number of lots in compounding mode.

FreeMarginPerLots (300000)

　Surplus margin as a basis for increasing the number of lots during compounding mode

　If "Lots" is "0.1" and "FreeMarginPerLots" is "300000", the calculation is to increase 0.1 lot per 300,000 surplus margin.

AllowableSpread (25)

　Allowable Spread

　The unit is 0.1 pips. If the spread is wider than the set value, the trade will not be executed.

AllowableSlippage (5)

　Allowable Slippage

　The unit is 0.1 pips. If the slippage is greater than the set value, the trade will not be executed.

　Please note that this is only valid if the FX vendor is using the streaming method (Instant Execution).

GMT (2)

　GMT (Greenwich Mean Time)

　Please use the default settings, although they can be changed.

　We recommend that this EA be operated with a winter time GMT+2/summer time GMT+3 broker.

MagicNumber (55553333)

　magic number

　This value is used to distinguish between EAs when multiple EAs are operated.

　Set any value you like, while making sure not to cover other EAs.

Other precautions

Please be sure to use the 5-minute time frame for the chart on which the EA is run.

We recommend that this EA be operated with a winter time GMT+2 / summer time GMT+3 broker.

Please use the compound interest mode with full understanding of the risks involved.

Please note that this EA has no stop-loss or take-profit settings, and both stop-loss and take-profit are done by logic.

The EA can be restarted without any hesitation as it reconfirms the market conditions and order status upon startup, and it can be restarted either by manually closing the position after the EA is closed and restarting it again or by leaving the position as it is after the EA is closed and restarting it again. However, while the EA is stopped, trading is not performed based on the logic, so the results may deviate from the back-test results.