RGM-79Q

Overview

The main logic is long-term trend-following and short-term counter-trend trading, and we trade in a way that avoids anomalies as much as possible. TP is variable to adapt to the market. The average position holding time is about 14 hours, and positions are carried over the weekend. No entries are made at the end of the year or beginning of the year. This is exclusively for 5 daily bars. Details of the specifications can also be checked in the version information tab when setting up the EA. The settings made in the parameters are displayed in the chart comments.

Recommended Account 

• 【Mandatory】5 daily bars Technical references are made to the dedicated 5 daily bars, so performance will deteriorate with others.

Specifications & Analysis

• No Martingale or Grid Strategies
• Weekend Carryover | Yes
  
• 12/20~1/3 | No new entries, only executions
• Opening Price & Tick Specifications | Entry and execution are in principle at the opening price. In case of requote protection, it will also be judged by ticks if not executed at the opening price. TP/SL will be executed at the set price reached.
  
• MT4 Maximum Bars Setting | 1000 or more
• Average Monthly Trades | 6.6 times
• Average Trade Time | 13 hours 37 minutes
• Recovery Factor TRF (Total): 17.13 YRF (Annualized): 0.98
• Risk Reward Profit Ratio: 0.68 Win Rate: 71.70%

Parameters

【】 indicates chart comments. Display intervals may vary depending on monitor resolution.

• Magic Number【Magic】｜ Please set a value different from other EAs.
• Lots【Lots】｜ For simple interest operation. The default is not the recommended value.
• Risk %【(inside)】｜ The percentage loss of the StopLoss setting value against "Excess Margin" or "Balance". Calculation Formula | Excess Margin (or Balance) × Risk % ÷ (SL value × Yen Conversion) = Compound Lot Example | Setting "Excess Margin": Excess Margin 1 million yen, SL 110, Risk 10% setting, 0.90 lots Calculation Example | 1,000,000 [Excess Margin 1 million yen] × 0.1 [Risk 10%] ÷ (110 [SL value] × 1,000 [Yen Conversion]) 0.90 [Lot]
• Compound Function【MM】｜ Money management function. Three options are available. Each number corresponds to the chart comment notation number. 0: Simple / Fixed | Choose this "simple" for fixed lot operation. 1: Compound / Excess Margin | A method of calculating lots by setting the maximum loss percentage against "Excess Margin". 2: Compound / Balance | A method of calculating lots by setting the maximum loss percentage against "Balance". 3: Compound / Balance + Credit | A method of calculating lots by setting the maximum loss percentage against "Balance + Credit". In backtesting for each compound, values are read by hypothetical calculation, so there may be a deviation in lot calculation from actual operation.
• Allowable SpreadPips【Sp Lim/Ave】｜ Lim: Allowable setting spread pips. "0" is automatic. Ave: In case of "0" automatic setting, the spread is measured internally, and the average value is displayed.
  

【Chart Comments Only Display】

• EA Status Display | Displays the set status of the EA in color. It is not linked to account authentication.
• Stoploss B/S | Stoploss trigger pips (internally fixed, non-changeable).
• Swap B/S | Swap points of the set currency (buy/sell).
• Spread Lim/Ave | "Lim" is the setting spread (automatic calculation in auto mode), "Ave" displays the internally measured average spread.
• TradeCounts | The number of trades for this EA among the MT4 trade history displayed.
• Profit (pips) | Total acquired pips on the displayed trade history.
• Profit Factor | Profit factor on the displayed trade history.
• RRR/Win% | Risk reward and win rate on the displayed trade history.

【Other Functions】

• Automatic Chart Setup | When the EA is dragged and dropped onto any FX currency chart, it automatically switches to GBPJPY/M30 chart and changes color when set.
• Status Display ON/OFF Toggle Button | The display changes every time you click the rectangle in the upper right corner of the chart.
• Chart Change During Status Error | If trading is not possible, the color of the chart screen will change to dark.
• Display Trade History on Chart | When trading, the trade line and acquired pips are displayed on the chart.
• Chart Center Information | Displays the symbol at the top, the time axis on the lower left, and the current spread in pips on the lower right.
• Magic Number Overlap Alert | In the same MT4 and version 1.1 or later of this EA, an alert sounds when multiple sets have the same magic number. Depending on the situation, it may not detect.
  

【Auto Spread Function】

• If "0" is set in the parameters, it is set based on the internally measured average value.
• To prepare for rapid expansion in the morning, the maximum value is set to 8.0 pips internally.
• Immediately after installation, the value may become inappropriate due to undetermined average value or unmeasured morning data.
• For manual setting, enter a value other than "0" in the parameters to fix it to that value.
• The data accumulates internally and becomes slightly heavier during long-term operation without rebooting. The accumulated data is reset monthly or upon MT4 restart.
• Auto spread does not work in backtesting.
• It will not be updated if the chart is stopped.
• If the value does not change from around 8.0 even when active on weekdays, re-setting the EA through drag and drop may improve it.

Frequently Asked Questions

Q1. No Entry

If the face in the upper right corner of the chart is not smiling, please review the settings.

If it is smiling, refer to the average number of trades of this EA and the public forward test. If there is a significant difference, review the set, margin, and communication, check the log for errors, and search the web if the error is unclear.

Q2.An entry was made, but there is no trade in the public forward test. Is this behavior correct?

This applies to all EAs; differences in feed rates and communication environments between brokers will inevitably cause behavioral differences.

Q3. Magic Number Overlap Alert is falsely detected.

Update

• Changed the size of the status display ON/OFF button
• Changed status display to English (to prevent garbling)
• Fixed order comment bug

Version 1.2 【2024/4/10】

• Fixed auto chart setup bug
• Modified to allow changes other than color change when the status changes after auto chart setup
• Added status display ON/OFF toggle button (EA name section)
• Fixed disappearance of trade lines and acquired pips at the end of backtesting in visual mode
• Added RRR, win rate, and number of trades to chart comments
• Improved margin deficiency check bug
• Removed daylight saving time parameter

• Display symbol etc. at the center of the chart
• Display status at the top right of the chart
• Change chart display comments
• Display trade lines and acquired pips on the chart
• Magic number overlap alert
• Introduced auto spread function
• Organize parameters (removed GMT field, changed order)
• Change chart color in case of status error
• Adjust order code (improve execution power)
• Lightweight
• Order error countermeasure
• Added balance + credit to compound items

Version 1.0【2023/7/3 New Release】