アリスEURJPY

EA that trades the anomalies of the three major markets

Forex trading is available 24 hours a day.
In general, there are three major financial markets: Japan ➱ London ➱ New York, and so on.

Each of these national markets has its own characteristics and anomalies.
For example, the Nikkei average tends to be pulled by the movement of the NY Dow on the previous day.

So I was wondering if the same market movement of the previous day or the previous time in foreign exchange (FX) would not also affect the next day.
So this Alice EURJPY is to examine the price movements of a specific past time period and take a position for each market in that direction.

Specifically, if the previous day's NY market movement matched the London market movement of the previous hour, we would take a position in that direction from 21:00 to 23:54, the NY market's pre-market period, and so on. That is the FXea Alice program.

FXea Alice Trading Hours

FXea Alice watches the previous market and the previous day's market movement and places a new order at 9:00 a.m. Japan time.
New order at 9:00 a.m. ➱ Settlement at 3:54 p.m.
New order at 16:00 ➱ Close at 20:54
New order at 21:00 ➱ Settlement at 23:54
New order at 0:00 ➱ Close at 03:54
Hold positions at the time of ➱0:00 ➱03:54

*We may not take a position if the price movements of the two markets do not match.

Alice EURJPY Nanpin Function

FXea Alice EURJPY also has a nanpin function (cannot be changed) from the viewpoint that it is impossible to hit a high and low price exactly in forex trading.
The number of lots is added every time the market moves backward by 10 pips, and the stop loss is made when the market moves backward by 90 pips.

Specifically, if the set value is set at 0.1 lot (10,000 currency), a 0.1 lot position is added for every 10 pips backwardation, and if the position goes 90 pips backwardation from the starting rate, the position will be closed at a loss.

The maximum amount of loss at this time is 45,000 yen, which is the maximum amount of one possible loss if the set value is 0.1 lot (10,000 currency). (Slippage is not included.) Please use this as a reference for money management.

Parameter values for Alice EURJPY

This is the explanation of the parameter setting values for FXea Alice EURJPY.

Select Image

*Please install on the 1-hour chart of EURJPY as ➱ explained.
As ➱ explained, please place it on the 1-hour chart of EURJPY.
　It will not work properly if placed on other currency pairs or other time frames.

➱ Magic number (so as not to be covered by other EAs in operation).
➱This is a unique magic number. Please do not use the same number as other EAs in operation.

▪ Number of lots (0.1 = 10,000 currency) *Maximum number of positions traded is number of lots x 9
➱Lot number. 0.1 = 10,000 currency, 0.01 = 1,000 currency each position.
　FXea Alice EURJPY will have a maximum of 9 positions.
　In other words, if the setting is 0.1 lot, you will have a maximum position of 0.9 lots.

*Specifically, if the set value is 0.1Lot (10,000 currency), a 0.1Lot position will be added for every 10 pips backwardation, and the position will be cut off when the rate goes 90 pips backward from the starting rate.
The maximum amount of loss at this time is 45,000 yen per possible maximum loss if the set value is 0.1 lot (10,000 currency). (Slippage is not included.)

➱Allowable slippage (pips)
➱Allowable slippage is the range of whether or not the EA will place an order when the actual rate is different from the rate ordered.
　The unit is pips, which is the basic default (as is).

Allowable Spread (pips )
The allowable spread is the maximum amount of difference between the bid and offer rates (spread), measured in pips.
　If the spread exceeds this amount, no new orders will be placed. The allowable spread does not apply to settlement orders.

➱Please adjust your trading hours if you are using an overseas server or other such system.
➱FXea Alice will hold positions at 9:00, 16:00, 21:00, and 0:00 Japan time while watching market conditions.
　Basically, you can use the default (as it is), but if you use overseas servers etc. and the time is different, please adjust it.

~As a precaution
(1) Basically, MT4 is on Russian time.
MT4's default time display is Russian time, the time of the company for which MT4 was developed.
Therefore, the time displayed is basically Russian time (winter time - 7 hours, summer time - 6 hours), which differs from Japan time.

(2) Trading Server Time
Basically, MT4 converts parameters to Japan time based on Russian time, but some FX companies set their own server time. In that case, the time to trade will be shifted,
1. Check if you have positions as set at 9:00, 16:00, 21:00, and 0:00 Japan time in demo trades (Remember that MT4's basic display time is Russian time. Open the charts of other applications and check them as well).
2. If the time is off, set the parameter setting values to move at 9:00, 16:00, 21:00, and 0:00 JST.
The settlement time should be adjusted to the same time as well.
Please do the following