crocodile USDJPY_M5

It's better to have no discretionary elements when running an EA

The crazy journey series is fundamentally based on my discretionary trading methods.

Therefore, technical analysis is fundamental, but it is necessary to be cautious about indicators.

However, if you have to be in front of the chart just because of the indicators while the EA is running,"It's faster to do it manually."I tend to think.

Taking that into account, by adding restrictions to the logic to allow for as much unattended operation as possible, I eliminated the need to manually stop the EA.

As I am also a discretionary trader, after installation,"I believe that not having discretion such as stopping operation during indicators or year-end and New Year is the essence of the EA,"so,

it is basically designed for unattended operation.

Measures against major indicators

Even though there are restrictions in the logic, if the spread widens significantly during major indicators, the win rate will indeed drop significantly.

To address this, a spread filter is included.

Please set it to about 1.5 times the average spread of your broker. (Initial value: 5 pips)

For example, if the average spread during normal times is 1 pip, please set it to about 1.5 pips.

Conducting environmental recognition with two different periods of MacD

Using two different time frames of MacD, I aim to enter when both conditions align simultaneously, determining where prices are likely to extend.

By using the same calculation formula with different periods, the advantage increases.

Since the periods are different, if either condition breaks, a settlement will occur, allowing for quicker loss cuts compared to when done individually, achieving small losses and large profits.

Achieving a profit of 3:1 loss completely with the EA!

This EA is far from the typical "slow and steady wins the race" approach, targeting small losses and large profits.

Although the win rate is low, it focuses on the ratio of profit to loss, designed to steadily increase assets.

Cut losses as quickly as possible during reversals

Unusually for an EA, it performs shallow loss cuts during reversals.

However, to prevent maximum losses from sharp declines or spikes, the maximum loss cut is set at 300 pips. (Slippage may occur)

The narrower the SL, the more pinpoint entry is required, but the Crocodile selects entry points through two different periods of MacD.

As a downside, despite being an EA operating on a 5-minute chart, the average annual trading volume is about 100 times, resulting in only about 8 to 9 entries per month.

In other words, please recognize that this EA is based on long-term operation.

High recovery factor

One of the characteristics of Crocodile is its high recovery factor.

The recovery factor refers to"the ability to recover back to the original after experiencing a drawdown."This is what it means.

Every EA will inevitably go through a drawdown period.

However, if the recovery factor is high, even after experiencing a drawdown, the speed of capital recovery is fast, reducing the anxiety that makes you want to stop operation.

The recovery factor of Crocodile is [15.12] over 9 years, averaging"1.62", and it can be seen from the test results that it recovers in about six months even after a drawdown.

About parameters

I will explain the parameters that can be set.

To maintain functionality, the opening of parameters is restricted.

▀ Magic number: Please enter your preferred number. However, please ensure it does not overlap with other EAs.

▁ Lot size: You can enter your preferred lot size. Please be careful not to over-leverage. The initial value is the recommended lot size for a margin of 1 million yen.

▂ Specify the spread allowed for entry. This is used for entry control during times when spreads widen significantly, such as during economic indicators.

Caution

⅛ This EA does not guarantee profits. Please understand that there may be losses beyond past tests depending on future market conditions.

⅛ Backtesting is conducted with a fixed spread of 1.5 pips. There is a risk of significantly poor performance with spreads exceeding this.

⅛ Changing the lot size may increase risk. Please take responsibility for the results when increasing the lot size.