Kingdom FIRE GBPJPY_M15

I want to leave the EA as unattended as possible

Kingdom FIRE performs entries while determining the shape of candlesticks, so it is necessary to be cautious about economic indicators.

However, if I have to be in front of the chart just because there are indicators while the EA is running,"it feels no different from discretionary trading."I can't help but feel that way.

Taking that into account, I have added restrictions to the logic so that it can be operated as unattended as possible, eliminating the need to manually stop the EA.

Since I am also a discretionary trader, after installation,"the discretion of stopping operations during indicators or year-end and New Year periods is not included."I believe this is the essence of the EA.

Therefore, it is designed with the assumption that it can be operated unattended after activation.

Measures against major indicators

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

To address this, a spread filter has been implemented.

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 2.0 pips, please set it to about 4.0 pips.

The classic logic determined by candlestick shapes

We will initiate trades by combining candlestick shapes that signal trend reversals with chart patterns.

Simply relying on candlestick shapes can lead to many false signals, so we adjust to only enter"when certain conditions are met."by combining indicators.

However, if the conditions are too strict, the number of entries will decrease, so we broaden the range of chart pattern determination to ensure the number of entries"averaging about 260 times a year."is secured.

Passed 18 years of backtesting

One of the weaknesses of the EA is"the fact that it can only win during specific periods."This is true.

There are methods that match the market at that time, and by creating logic specialized for that, it is possible to create an EA that can explosively increase assets.

However, as soon as the market movements change, that EA may become useless.

Kingdom FIRE has"passed 18 years of long-term backtesting."

The 18 years include many financial shocks such as the Lehman Shock, Flash Crash, and the COVID-19 Crash, but it has achieved a steady upward trend without incurring significant losses.

A multi-logic EA that runs two logics simultaneously!

There are two types of candlestick shapes: reversal and continuation, but only aiming for reversals can lead to a poor win rate, and only aiming for continuations tends to lower the expected price range.

Therefore, Kingdom FIRE adopts both logics in a"multi-logic type."

Sometimes it aims for reversals and takes the whole bottom, and other times it rides the wave in trend continuation scenarios, allowing for entries in various situations.

Equipped with a compound interest function in response to many user requests!

Not only has it performed well in backtesting, but it has also maintained good results since the start of forward testing,and we have implemented a compound interest function that many users have requested.

The compound interest function adopted this time allows you to set only the maximum risk per trade relative to the account balance to minimize the risk of account failure.

The image is that if the allowable risk is set to 10%, the risk for one trade with an account margin of 1 million yen is 100,000 yen, and the lot size will be automatically set accordingly.

（The maximum stop loss is set (fixed) at 300 pips, so it will start with 0.33 lots for 1 million yen and 0.03 lots for 100,000 yen.）

If the account margin increases due to the EA or additional deposits, the lot size will automatically increase accordingly.

Conversely, if the account margin decreases, entries will be made with a reduced lot size, so please be aware of this.

However, since individual lots for each logic cannot be set, if current users prefer individual lots for each logic instead of the compound interest function,

you can continue to use it as before by not updating.

Customers purchasing from now on should understand that individual lot settings for each logic are no longer possible.

You can set lot sizes when not using the compound interest function. The lots for the two logics can no longer be adjusted separately.

The recommended risk tolerance from the developer's side when using the compound interest function is"3%."

The backtesting results when using the compound interest function are as follows.

Backtesting at 3% risk tolerance

Backtesting at 10% risk tolerance

High recovery factor

One of the features of Kingdom FIRE is its high recovery factor.

The recovery factor refers to"the ability to recover back to the original after experiencing a drawdown."

EA will inevitably experience drawdown periods.

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

Kingdom FIREhas an average recovery factor of"1.16"over the past 18 years, achieving a high recovery factor even with long-term operations.

Recommended lot size for an account balance of 1 million yen

Kingdom FIRE is set up so that if used with the initial settings and simple interest, it can generate about 6.3 million yen in profit over 18 years with a risk of about 300,000 yen against an account balance of 1 million yen.

However, a risk of 30% against the initial capital does not guarantee that there will be no risk of failure if the EA's performance dips.

To prevent that, it is preferable to keep the risk against 1 million yen to below 10%.

To keep the risk below 10% over 18 years with the settings of Kingdom FIRE, you can do so by setting the lot size to "0.03."

（This is a calculated lot that remains below 10% even after past shocks, but even so, the capital will increase about threefold）

Please refer to this if you want to operate conservatively.

About pricing

Based on the average preparation fund of about 300,000 yen for those who operate the EA, it is set up to theoretically recover the initial investment in about 3 to 4 months.

Kingdom FIREhas an annual return of about 38% on average over the past 18 years, so even if the first year is somewhat poor, the price is set so that it can be recovered in about six months.

(This is theoretical, so please understand that recovery is not guaranteed)

About parameters

I will explain the parameters that can be set.

▀Choose whether to use the compound interest function.Set to true to "use," and false to "not use."

▁Set the number of lots when not using the compound interest function. This applies to both logic 1 and logic 2.

▂Set the risk per trade (1 position) when using the compound interest function. This can only be selected from a dropdown list. (3% to 25%)

▃Specify the spread allowed for entry. This is used for entry control in situations where spreads widen significantly during economic indicators.

▄Logic 1's magic number: Please enter your preferred number. However, please ensure it does not overlap with other EAs.

▅Logic 2's magic number: Please enter your preferred number. However, please ensure it does not overlap with Logic 1's magic number or other EAs.

Caution

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

⅛Backtesting has been conducted with a fixed spread of 3.0 pips. There is a risk that performance may deteriorate significantly with spreads wider than this.

⅛Other than lot sizes, parameters cannot be changed as they may significantly worsen the performance of the EA. Please understand this when using it.