Multi Trend USDJPY

EA Description.

Multi Trend is an EA automated trading system for MT4 that works with 1-minute, 5-minute, 15-minute, 30-minute, 1-hour, and 4-hour time frames. It trades based on its own scoring evaluation using 4-hour highs and lows. The internal logic determines whether the yen is weak or strong against the cross currency in general, and trades accordingly. The default setting is optimized for USDJPY, but by changing the trailing stop value from 1.0 to 4.0, it can be used for GBPJPY, EURJPY, AUDJPY, and other currencies. Operating Environment ・Operates on MT4 charts from 1 minute to 4 hours. It works with all crossed yen currencies. The time zone for trading】 Trades will be conducted from 7:00 to 17:59 server time. Only GMT+2 (winter)/+3 (summer) brokers are supported. Entry tends to be long when the score is in the positive range, and long positions are closed or short positions are held when the score is in the negative range. The details of the parameters and logic are not disclosed to the public, but you can specify the period of time to pick up 4-hourly data (equivalent to 24 hours for 6 4-hourly legs) in the range of 3 to 30 legs. The default is to collect data for 10 4-hourly legs, and a positive judgment is made when the overall price of the cross currency is near a high, while a negative judgment is made when the price is near a low. The candlesticks to be collected include the GBPJPY, EURJPY, and AUDJPY currency pairs in addition to the USDJPY. Each currency pair is multiplied by its importance and averaged to produce an overall evaluation value, and a short entry is made when this value is negative and a long entry when it is positive. Among the cross currency pairs, USDJPY and GBPJPY are given higher importance, while EURJPY and AUDJPY are given lower importance. The trading direction is basically the same even if you switch the time axis of the chart, but I recommend using the 5-minute or 15-minute chart because the 5-minute and 15-minute charts are more stable. In my experience of creating EAs, the performance of EAs that incorporate a trailing stop function almost always decline. A trailing stop order is an order method that slides the stop order (stop price) in the direction of the advantage by a certain amount when the price moves in the advantageous direction. This means that logic-based settlement performs better than settlement with a trailing stop. Is there any way to achieve higher performance with an EA that uses trailing stops? This EA "Multi Trend" is the result of our efforts to solve this problem.

　Long entry with a total score of plus 10 or more

The unique feature of this EA is that it evaluates scores based on multi-currency analysis and sets the level of importance for each currency to determine whether to go long or short. Multi-currency pair monitoring trading is known as one of the most difficult methods to create an EA. In the case of discretionary trading, for example, there is a method of watching the price movements of other cross currency pairs when trading the dollar-yen. Even though this is a common practice in discretionary trading, it is a bit difficult to convert it into an EA. This is because some FX companies have symbols after currency pairs. In the case of "USDJPY-cd" or "GBPJPY.oj5k", it is the part of "-cd" or ".oj5k". But don't worry, this EA automatically detects this "-cd" and ".oj5k" part and successfully monitors the 4 currencies "USDJPY", "GBPJPY", "EURJPY" and "AUDJPY" at all times. We have not tested it with all FX companies, so we cannot assure you that it is 100% safe, but we have confirmed that it works with OANDAJAPAN, Gaitame Finest, FXTF, and Rakuten FX. Enough about the internal program, let me explain how it actually works. By default, trailing stop mode is enabled. If you want to operate with USDJPY, you can leave the Stop Stop at 1.0 (100 pips), but if you want to operate with "GBPJPY," "EURJPY," or "AUDJPY," you should set the Stop Stop value at around 4.0 (400 pips). Even if you disable the trailing stop mode, setting the value of the stop stop at around 4.0 (400 pips) will stabilize your results. You may wonder why only USDJPY has a stop loss value of 100 pips. Actually, there is no problem with 400 pips for USDJPY as well, but if the stop loss is 400 pips, it will be closed by the internal logic and the trailing stop function cannot be utilized. For this reason, we set the stop order value to 100 pips only for USDJPY.

　Trailing stop rate USDJPY=1.0 (100 pips)

The above backtest was run on a 5-minute dollar-yen chart with default settings.

If you move it on a 1-minute or 15-minute time frame, you will get the same results.

Incidentally, for currency pairs other than USDJPY, a stop order value of 100 pips will result in poor performance. At least 300 pips is required.

　Trailing stop rate EURJPY=4.0 (400 pips)

　Trailing stop rate GBPJPY=4.0 (400 pips)

　Trailing stop rate AUDJPY=4.0 (400 pips)

This EA is a trend-following EA that trades forward against the trend direction. In an uptrend, the price rises to higher highs, so the logic is designed to hold long positions near the highs. By changing the settings, you can close the position at 18:00 server time, but it is not recommended as the results will be lower. The default setting is to open a long position when the score is +10 or higher. On the downside, a score of zero or less will open a short position. For long positions, the sensitivity can be adjusted (range 10-30), and long entries are made when the score value is above this value. The nature of the EA is that it is a range break and trend follow method, so it is not good in a range market. Therefore, in a range market, the asset transition will be flat, but when a strong trend occurs, a large profit can be made. In addition, when we ran a back test on the JP225 (Nikkei 225), which is easily linked to the cross currency, it showed high performance as well as the cross currency.

　Backtest on JP225 (Nikkei 225)

As for the JP225 version, we do not plan to sell it at this time due to the limited number of FX firms that can operate it.

Supported FX Companies] Supported brokers of GMT+2(winter)/+3(summer) for MT4 EA to work [Setting items] (Japanese) Magic = 50141;// Magic number for EA identification Lots = 0.1;// Number of lots 1.0=100,000 currencies 0.1=10,000 currencies 0.01=1,000 currencies StopLossRequest = 1.0;// Toilet Ring Stop Order USDJPY recommended value (1.0=100 pips) GBPJPY recommended value (4.0=400 pips) TakeProfitRequest = 5.0;// Limit Order 0.5=50 pips 1.0=100 pips 10=1000pips Index_Period = 10;// Period to pick up 4-hour data (equivalent to 24 hours for 6 4-hour legs) MIN=3,MAX=30 Sensitivity = 10;// Adjust long sensitivity (range 10-30) Long when the decision value is above this value Slippage = 1;// Allowable Slippage MaxSpread = 50;// Allowable Spread Enter the difference between the Bid and Ask values e.g. 30 => 3 pips Scalping_Mode = false;// Close position at 18:00 server time true Hold position false ManualMode = false;// set to discretionary trade mode true set to auto trade mode false MaxError = 30;// maximum number of consecutive entries (range 20-300) Monday = true;// new entry on Monday true not false (server time GMT+2(winter) 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 (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)) WeekendClose = false;// force close on weekends true not false OnlyLong = false;// enter new long only true enter both long and short false TrailingStop = true;// enable trailing stop true Enable trailing stop true not false TrailingRate = 0.1;// Trail when rate moves above this value 0.01=1 pips 0.1=10 pips 1=100 pips CommentOnOff = true;// Display comments on chart screen true Do not display false [Setting items] (English) Magic = 50141;// Magic number Lots = 0.1;// Position lot 1.0=100,000 0.1=10,000 0.01=1,000 StopLossRequest = 1.0;// Trailing stop rate USDJPY=1.0(100pips)GBPJPY=4.0(400pips) TakeProfitRequest = 5.0;// TakeProfit 0.5=50pips 1.0=100pips 10=1000pips Index_Period = 10;// 4 hour measurement period (MIN=3 MAX=30) Sensitivity = 10; // Long position sensitivity (Min=10 Max=30) Slippage = 1;// slippage MaxSpread = 50;// Max spread (50=5pips) Scalping_Mode = false;// Close the position at 18:00 server time = true | not = false ManualMode = false;// No Automatic trading = true | Automatic trading = false MaxError = 30;// Continuous order count limit (Min=20 Max=300) 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) WeekendClose = false;// Closed on weekends = true | not = false OnlyLong = false;// New entry only for long = true | not = false TrailingStop = false;// Enable trailing stop = true | not = false TrailingRate = 0.1;// Trail frequency 0.01=1 pips 0.1=10 pips 1=100 pips CommentOnOff = true;// CommentOnOff = true or false [Version Upgrade History] 1. Implemented trailing stop mode Automatically follow the stop order rate only when it moves in a favorable direction Trailing stop orders are now available. This is an order method that allows you to efficiently aim to lock in profits while controlling the risk of loss. The stop order is moved when the rate moves in a favorable direction by a specified number of pips or more. At this time, the limit order is also changed. 2, Revision of the maximum number of entries per day MaxError = 30;// Maximum number of consecutive entries (range 20-300) This is a protection program in case an order does not go through due to insufficient margin, server error, etc., and the order falls into an infinite loop. The number of entries had previously been fixed, but has been modified to allow the number of entries to be set freely. The timing for resetting the number of times in the program is 3 times: 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) server time. If the maximum limit is reached, for example by manually making a settlement, the count will be reset to 0 by restarting MT4. 3, Added a setting to not submit orders when the spread widens. Allowable Spread Enter the difference between the Bid and Ask values e.g. 50 => 5 pips Default MaxSpread = 50 4, Added the ability to choose between discretionary mode and automatic trading mode. Added the following items to the property items ManualMode = false; //true to set to discretionary mode false to enable auto buy/sell So far, even after manual closing, as long as the sign continued to appear, the position was taken in the same direction again. Added setting to not place a new order without stopping the EA. Setting ManualMode to true will put the EA in discretionary mode and no new and close orders will be placed. 5, Added a setting to enter only in the long direction. The default setting is to hold positions only in the long direction. To have both short and long positions, set OnlyLong = false.