RGM-79E

Overview

This is a contrarian scalping EA that targets Tokyo time, avoiding the unstable morning hours. Separate adjustments are made for buying and selling, and TP/SL changes for each, which may cause a temporary double position. The average position holding time is about 3 hours, and it is rare for a position to be carried over to the weekend. No entries will be made during the year-end and New Year holidays. This EA can be used for other than 5 daily positions. Settings made in the parameters will be displayed in the chart comments. For details on specifications, etc., please refer to the following.

Recommended Accounts

• Accounts with low spreads

UpdateVersion 1.0 [7/3/2023 New Exhibit]■ UpdateVersion 1.0 [7/3/2023 New Exhibit]■ UpdateVersion 1.0 [7/3/2023 New Exhibit

Specifications and analysis

• Nanpin Martingale ｜ None
• Weekend carry-over ｜ Yes
  
• 12/20~1/3 ｜ No new entries, settlement only
• Opening price and tick specifications ｜ In principle, entry and settlement are based on the opening price. If the opening price is not executed due to re-quote countermeasures, the tick price will be used as well. TP/SL is settled when the set price is reached. Backtests are almost equal between opening price and ticks.
• Maximum number of bars for MT4 settings ｜ 2000 or more
• Monthly average of transactions ｜ 16.2
• Average trading time ｜ 3 hours 6 minutes
• Recovery factors are calculated for the following three types of assets. TRF (total for the period): 14.41 ｜ MRF (monthly equivalent): 0.07 ｜ YRF (annual equivalent): 0.82
• Profit/loss ratio: 0.60 ｜ Winning percentage: 68.11

Parameter

• Lot ｜ For single interest operation. Defaults are not recommended values.
• Compound interest function ｜ Money management function. Each number corresponds to the number indicated in the chart comment. 0：Single Interest / Fixed ｜ Please select "Simple Interest" if you wish to use fixed lot. 1：Compound Interest / Surplus Margin ｜ This method calculates lots by setting the % of maximum loss against the "Surplus Margin". 2：Compound interest / Balance ｜ The method of calculating lots by setting the % of maximum loss against the "Balance". The lot calculation may differ from the actual operation since the back test of each compound interest is loaded with provisional calculations.
• Risk % ｜ Percentage of loss of StopLoss set value to "Surplus Margin" or "Balance". Formula ｜ Surplus margin (or balance) x Risk% / (SL value x yen conversion) = Compound lot Example ｜ Setting "Surplus margin": 0.58 lots with surplus margin of 1,000,000 yen, SL of 170, and 10% risk setting. 1,000,000 [surplus margin of 1,000,000 yen] × 1,000 [yen equivalent]) ≒ 0.58 [lot].
• Allowable Spread ｜ Unit is in Pips.
• Magic number ｜ Set a value different from other EAs.
• Please check the website of your brokerage firm for details.

Chart Comments

• Number on the upper left ｜ Magic number
• Lots ｜ Current lot (risk % for compounding only) *Lot display here will change when compounding.
• MM ｜ Displays the setting number of the compound interest function selected in the parameters.
• Sp ｜ Allowable Spread
• MAXTP/SL ｜ Maximum TakeProfit/Maximum StopLoss

Frequently Asked Questions

Q1. How much is the minimum margin requirement?

A1. the minimum amount required is the sum of the maximum drawdown in the back test and the margin requirement.

Reference example: 1USD = 100 yen, maximum number of positions is 2, maximum drawdown is 100,000 yen with 0.13 lots.

• Domestic account 25x leverage 100 yen x 13,000 currency (0.13 lots) x 2 (maximum number of positions) / 25 (leverage) + 100,000 yen (maximum drawdown) = 204,000 yen Minimum required amount: 204,000 yen

Q2: Is there a standard for lot size?

A2: Once you determine the initial margin and the maximum drawdown you are willing to accept, you can calculate the approximate lot size.

Our EA is back-tested with a lot (0.13 lots) that will have a maximum DD of no more than 100,000 yen (10%) against an initial margin of 1,000,000 yen. Using this as a reference, the approximate margin and lot size when allowing for drawdowns of up to 10% are as follows.

• 0.13 lot for an initial margin of 1 million yen
• 0.08 lot for an initial margin of 600,000 yen
• 0.03 lot for an initial margin of 200,000 yen

*There is also an operational method that calculates the drawdown as 1.5x to accommodate a DD greater than the back test. It is up to the discretion of the operator to decide what the tolerance should be.

Q3. i will not enter

A3. If the face in the upper right corner of the chart is not set to smile, please review the settings.

If you are smiling, please refer to the average number of trades and published forwards of our EA, and if there is a clear difference, please review the set, margin and communication, check the logs for errors, and if there are errors and you are not sure, please search the web.

Q4: I entered but did not trade in the public forward. Is this move correct?

A4: As is true for all EAs, differences in behavior will inevitably occur due to differences in delivery rates and communication environments among brokers.

Please understand that there is no perfect match as a precondition for operation.