MTF Trading USDJPY

⛀Operating Environment・Operates on MT4's 1-minute to 4-hour charts. ・Works with all currency pairs.【Trading Time Zone】In default settings, trading occurs from 7:00 to 17:59 server time. Therefore, it only supports brokers with GMT+2 (winter) / +3 (summer). By changing the settings, it can be switched to a 24-hour operation mode.【Logic Explanation】It holds long positions in the positive total score area and short positions in the negative area. The difference from similar EAs like "Bear Hands" and "Fast Scalping EA," which use multi-timeframe analysis, is whether moving averages are used to determine trends. "Bear Hands" and "Fast Scalping EA" do not use moving averages; they collect data from 20 candlesticks for each timeframe and determine a positive score when the current price is near the high, and a negative score when the current price is near the low. In contrast, MTF Trading USDJPY compares the moving average values of 9 candlesticks for each timeframe with the current rate to make trading decisions. Additionally, the final entry timing is determined by comparing the 5-minute moving average with the close price of the previous bar; it enters long when the candlestick is above the moving average and short when it is below. The current bar is not included in the collected candlesticks; only 9 from the previous bar are picked. The averaged value weighted by importance for each timeframe becomes the overall evaluation value, holding a short position when this value is negative and a long position when it is positive.Sensitivity = 15 Long sensitivity can be adjusted in the range of 5 to 20.Since a long position is taken when the evaluation value is above this value, lowering the number from the default 15 will increase the number of entries.Also, the moving average period is set to 9 by default but can be changed within the range of 3 to 100.When changing timeframes or currency pairs, you can find the optimal settings by changing these settings and conducting backtests. The final trading timing is determined by the score of the 5-minute moving average.

Scalping_Mode=false StopLossRequest=4 (400 pips) TrailingStop=false

It also operates on timeframes other than the 5-minute chart, but it is recommended to use it on the 5-minute chart, which has the best performance.

By changing the settings, it is possible to configure it to only enter long positions. Additionally, the default setting is for swing mode, which carries positions into the next day, but it can be changed to day trading mode, which closes positions at 18:00 server time.

Setting to close positions at 18:00 server time Scalping_Mode=true StopLossRequest=4 (400 pips) TrailingStop=false

In the default settings, the stop loss value is set wide at 4.0 (400 pips). If you enable the trailing stop mode, you can narrow the stop loss value to around 1.5 (150 pips) to 2.2 (220 pips), allowing for stable trades through trailing stops.

Settings for when the trailing stop setting is turned ON StopLossRequest=1.5 (150 pips) TrailingStop=true

With the trailing stop setting ON, close positions at 18:00 server time StopLossRequest=2.2 (220 pips) Scalping_Mode=true TrailingStop=true

Due to the nature of the EA, it follows a trend-following method, making it less effective in low volatility markets with little price movement. Additionally, with the default settings, the win rate is below 30%. Therefore, this EA can target profits by operating during periods of significant price movement.【Compatible FX Companies】Compatible with brokers where MT4 EA operates at GMT+2 (winter) / +3 (summer)【Setting Items】 (Japanese) Magic = 49955;// EA identification magic numberLots = 0.1;// Lot size 1.0=100,000 0.1=10,000 0.01=1,000StopLossRequest = 4.0;// Stop order 0.5=50 pips 1.0=100 pips 10=1000 pipsTakeProfitRequest = 5.0;// Limit order 0.5=50 pips 1.0=100 pips 10=1000 pipsSensitivity = 15;// Long sensitivity adjustment (range 5-20) Long when the evaluation value is above this valueMAPeriod = 9;// Moving average period (range 3-100)Importance5M = 6;// Importance of 5-minute chart (range 1-10) Higher numbers indicate greater importanceImportance15M = 10;// Importance of 15-minute chart (range 1-10) Higher numbers indicate greater importanceImportance1H = 10;// Importance of 1-hour chart (range 1-10) Higher numbers indicate greater importanceImportance4H = 6;// Importance of 4-hour chart (range 1-10) Higher numbers indicate greater importanceImportance1D = 6;// Importance of daily chart (range 1-10) Higher numbers indicate greater importanceImportance1W = 10;// Importance of weekly chart (range 1-10) Higher numbers indicate greater importanceSlippage = 1;// Allowable slippageMaxSpread = 30;// Allowable spread Input the difference between Bid and Ask values Example 30=3 pipsTimeHour24 = false;// 24-hour trading mode true Trade only from 7:00 to 17:59 server time falseScalping_Mode = false;// Close positions at 18:00 server time true Carry positions falseOnlyLong = false;// Only enter new long positions true Enter both long and short falseManualMode = false;// Discretionary trading mode true Automatic trading mode falseMaxError = 30;// Limit on the number of consecutive entries (range 20-150)

ManualEntry = 0;// Resume automatic trading after specified candlesticks (range 2-500) Disable this function = 0(Added in version 1.02) WeekendClose = false; // Weekend forced close setting Force settlement on weekends true Not false(Added in version 1.02) Close_Hour = 16;// When the weekend close setting is true, at what hour (Hour) on Friday to force settlement (range 0-23)(Added in version 1.02) Close_Minute = 40;// When the weekend close setting is true, at what minute (Minute) on Friday to force settlement (range 0-59) (Added in version 1.02)

 

Monday = true;// New entry on Monday true Not false (server time GMT+2 (winter) / +3 (summer))Tuesday = true;// New entry on Tuesday true Not false (server time GMT+2 (winter) / +3 (summer))Wednesday = true;// New entry on Wednesday true Not false (server time GMT+2 (winter) / +3 (summer))Thursday = true;// New entry on Thursday true Not false (server time GMT+2 (winter) / +3 (summer))Friday = true;// New entry on Friday true Not false (server time GMT+2 (winter) / +3 (summer))TrailingStop = false;// Enable trailing stop true Not falseTrailingRate = 0.2;// Trail when the rate moves more than this value 0.01=1 pips 0.1=10 pips 1=100 pipsStopsAndLimits = true;// Automatically adjust stop and limit values while the signal is on true Not falseCommentOnOff = true;// Comment on the chart display true Not false【Setting Items】 (English) Magic = 49955;// Magic numberLots = 0.1;// Position lot 1.0=100,000 0.1=10,000 0.01=1,000StopLossRequest = 4.0;// StopLoss 0.5=50 pips 1.0=100 pips 10=1000 pipsTakeProfitRequest = 5.0;// TakeProfit 0.5=50 pips 1.0=100 pips 10=1000 pips //Importance of each EASensitivity = 15;// Long sensitivity adjustment Min=5 Max=20MAPeriod = 9;// Moving average period Min=3 Max=100Importance5M = 6;// Importance 5M Min=1 Max=10Importance15M = 10;// Importance 15M Min=1 Max=10Importance1H = 10;// Importance 1H Min=1 Max=10Importance4H = 6;// Importance 4H Min=1 Max=10Importance1D = 6;// Importance 1D Min=1 Max=10Importance1W = 10;// Importance 1W Min=1 Max=10Slippage = 1;// SlippageMaxSpread = 50;// Max spread (50=5 pips) // Other settingsTimeHour24 = false;// 24-hour trading = true | Trade only from 7:00 to 17:59 server time = falseScalping_Mode = false;// Close the position at 18:00 server time = true | not = falseOnlyLong = false;// New entry only for long = true | not = falseManualMode = false;// No automatic trading = true | Automatic trading = falseMaxError = 30;// Continuous order count limit (Min=20 Max=150)

ManualEntry = 0;// Resume trading after specified candles (2-500) 0 to disable(Added in version 1.02) WeekendClose = false; // Weekend forced close setting = true | not = false(Added in version 1.02) Close_Hour = 16;// Specifies the hour (Hour) on Friday(Added in version 1.02) Close_Minute = 40;// Specifies the minute (Minute) on Friday(Added in version 1.02)

Monday = true;// Monday = true or false （GMT+2/+3）Tuesday = true;// Tuesday = true or false （GMT+2/+3）Wednesday = true;// Wednesday = true or false （GMT+2/+3）Thursday = true;// Thursday = true or false （GMT+2/+3）Friday = true;// Friday = true or false （GMT+2/+3）TrailingStop = false;// Enable trailing stop = true | not = falseTrailingRate = 0.2;// Trail when moving more than this value 0.01=1 pips 0.1=10 pips 1=100 pipsStopsAndLimits = true;// Automatic stop and limit values = true | not = falseCommentOnOff = true;// CommentOnOff = true or false【Version Upgrade History】 Latest Version 1.021. Added automatic adjustment function for stop and limit values. Even if the rate moves significantly while the signal is on and hits the stop or limit, it will re-enter in the same direction as long as the signal continues. By setting it to true for automatic adjustment, the stop and limit values will be automatically changed while the signal is on, making it less likely to hit the stop or limit. 2. Reviewed the limit on the number of entries per day. Added the following item to the property: MaxError = 30; // Limit on the number of consecutive entries (range 20-150) This is a protection program in case orders fail due to insufficient margin or server errors, preventing an infinite loop of orders. Previously fixed, it has been modified to allow free setting of the number. The reset timing for the count in the program is at server time 4:00 (10:00-11:00 Japan time), 11:00 (17:00-18:00 Japan time), and 18:00 (24:00-1:00 Japan time). If the limit is reached by manually closing positions, restarting MT4 will reset the count to zero. 3. Added a setting to not place orders when the spread widens. Input the allowable spread, the difference between Bid and Ask values, e.g., 50=5 pips Default MaxSpread = 30. 4. Made it possible to choose between discretionary mode and automatic trading mode. Added the following item to the property: ManualMode = false; // Discretionary mode true Automatic trading enabled false Previously, even if manually settled, as long as the signal continued, a position was held in the same direction again. A setting was added to not place new orders without stopping the EA. By setting ManualMode to true, it becomes discretionary mode, and no new or closing orders will be placed. 5. Added a setting to only enter long positions. In the default settings, both short and long positions are held. To hold only long positions, set OnlyLong = true. 6. Implemented trailing stop mode. Added trailing orders that automatically follow the stop loss order rate only when it moves in a favorable direction. This is a method of order that can efficiently target profit while controlling loss risk. It checks the rate every minute and moves the stop loss value when the rate moves more than the specified pips. At this time, the limit order is also changed. By default, this setting is OFF. To enable it, set StopLossRequest = 4.0 to 1.5 or 2.2 to narrow the stop loss value.

(Implemented in version 1.02) 2025.03.227. Added a function to force close positions at any specified time on Friday. It will force close positions at the specified time on Friday server time. ⛀Example of forced closing at 16:40 server time Close_Hour = 16; // When the weekend close setting is true, at what hour (Hour) on Friday to force settlement (range 0-23) Close_Minute = 40; // When the weekend close setting is true, at what minute (Minute) on Friday to force settlement (range 0-59) With the above settings, if there are held positions at 16:40 on Friday server time, they will be forcibly settled. No new orders will be placed until Monday morning. 8. Added a function to not trade for a specified number of candlesticks. ManualEntry = 0; // Resume automatic trading after specified candlesticks (range 2-500) Disable this function = 0 If you enter a number greater than or equal to 1 in ManualEntry, the held positions will be immediately settled, and no new entries will be made until the specified number of candlesticks has passed. Immediately after setting, the current bar is counted as 1, so it will be aggregated with the number input minus 1. Restarting MT4 will reset the internal count, so the count will start over. Example: Set ManualEntry = 40. After 5 hours (20 candlesticks have passed) and restarting the EA, the count will start from 0, and automatic trading will resume after 40 candlesticks have passed after starting MT4. If you restart MT4 over the weekend, please re-enter the correct number after starting. In the above example, since 20 candlesticks have passed, you need to reset ManualEntry to 20 (40-20=20) after starting. A comment will be displayed in the upper left corner of the chart screen saying, "Automatic trading will resume after passing ⛯⛯ candlesticks." If MT4 is restarted after automatic trading resumes, it will not trade for the number specified in the property settings again. To return to automatic trading mode, reset ManualEntry to 0.