LallaPallooza GBPJPY_M5

I want to leave the EA as unattended as possible

LallaPallooza uses the Ichimoku Kinko Hyo for trading decisions. Since it is built on discretionary methods, 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 feel that way.

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,“the discretion of stopping operation during indicators or year-end and New Year should not be involved.”I believe that is the essence of the EA.

Therefore, it is basically designed to 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 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)

Example: If the average spread during normal times is 2.0 pips, please set it to about 4.0 pips.

Transforming the classic Ichimoku Kinko Hyo logic into EA and multi-logic

It combines the classic Ichimoku Kinko Hyo logic using the leading span and the logic using the lagging span.

This allows for a logic that holds positions from the beginning of a trend and a logic that holds positions at the timing of trend continuation,“to target the same trend double.”This is also possible.

By transforming the so-called classic method into multi-logic,“an EA that can still be used even if the market changes”is the goal of this creation.

Cleared 10 years of backtesting

One of the weaknesses of the EA is“if it can only win during specific periods.”This is a fact.

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

However, if the market movement changes suddenly, that EA may become unusable.

LallaPallooza has“cleared 10 years of long-term backtesting since 2015.”This is true.

This 10 years includes many financial shocks such as flash crashes and the COVID-19 crash, but it has achieved a stable upward trend without incurring significant losses.

Cut losses on positions with unrealized losses as soon as possible

What you face by logic-izing discretionary methods is the so-called“deception.”.

LallaPallooza is set to cut losses as soon as possible when holding positions with unrealized losses.

In trading, there are times when you have to endure unrealized losses, but by running three settlement logics simultaneously,“a mechanism to determine situations where you don’t have to endure”has been constructed.

As a result, rather than being forced to cut losses by SL, if it is determined that the advantage has been lost by the three settlement logics, it will cut losses without enduring.

Maximum DD is below 10% of funds over 10 years

LallaPallooza has kept the maximum DD below 10% against approximately 210% profit over 10 years of backtesting.

This means that the maximum loss amount during the 10 years, assuming an operation of $10,000, has not exceeded $1,000, indicating that the funds have never been in jeopardy.

In other words, it can be said that if you take a risk of 20% or 30%, the return can be raised to 400% or 600%.

The ability to choose whether to take risks to increase returns or to operate safely as one of the portfolios is a pleasing design for users.

High recovery factor

One of the features of LallaPallooza is its high recovery factor.

The recovery factor refers to“the recovery power until it returns after experiencing a drawdown.”This is what it means.

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 operation.

LallaPalloozahas a recovery factor of“23.88”over the past 10 years, with an annual average of“2.31.”

About parameters

I will explain the parameters that can be set.

▀ Specify the spread that allows entry. This is used for entry control during times when the spread widens significantly, such as during economic indicators.

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

▂ Logic 1 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 $10,000.

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

▄ Logic 2 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 $10,000.

Caution

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

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

⅛ Parameters other than lot size are set to be non-changeable as they may significantly deteriorate the performance of the EA. Please use it with this understanding.