Bear Grid



【EA Description】

Bear Grid is an MT4 exclusive EA automated trading system that operates on the USD/JPY 5-minute chart.

Updated to Version 1.02 (2024.9.26)

This update has evolved into a grid trading averaging system that appropriately implements stop-losses.

This EA is a grid trading averaging EA that enters both long and short positions.

The biggest weakness of grid trading is the repeated averaging down when a strong trend occurs in the opposite direction of the held positions.

Bear Grid can control losses during market reversals through the maximum number of held positions and stop orders (stop-loss settings).

Therefore, it becomes an EA that allows for easy margin management and simultaneous operation with other EAs. The initial position is taken in the trend direction on higher timeframes (weekly, daily, 4-hour) and in the counter-trend direction using RSI on the 5-minute chart. When the market moves in the opposite direction, averaging down through grid trading is initiated.

If the rate moves unfavorably without reversing, the position will be held until it reaches the loss cut level or the profit-taking point.

Normal averaging martingale EAs or grid averaging systems that do not implement stop-losses will encounter loss cuts during drawdowns.

In Ver1.02, it has evolved into an EA aimed at avoiding account bankruptcy by implementing stop-losses and gaining profits in the long term.

Backtest Results for USD/JPY (Ver1.02)

The above shows the backtest results with default settings in Ver1.02.

Low-Risk Stable Operation Example (Ver1.02)

The above shows the backtest results when the number of averaging down instances is reduced to a maximum of 5 in Ver1.02.

Backtest Results for USD/JPY (Ver1.01)

The above shows the backtest results with default settings in Ver1.01.

Backtest Results for USD/JPY (StopLoss 1.0=100pips)

The backtest results when the stop-loss value is changed to 100 pips in Ver1.01.

Backtest Results for GBP/JPY (Ver1.01)

Currency pairs other than USD/JPY are not recommended.

【About Stop-Loss】In the default settings of Ver1.01, the StopLossRequest (stop order) is set to 1,000 pips. In Ver1.02, the StopLossRequest (stop order) is set to 100 pips. Since a maximum of 10 positions can be held, the recommended margin can be calculated as follows: For a lot size of 0.1 = 10,000 currency units, the required margin is 1,000,000 yen for 10 positions. For a lot size of 0.01 = 1,000 currency units, the required margin is 100,000 yen for 10 positions. The above margin is a guideline amount that should not encounter forced loss cuts. Please ensure sufficient funds are secured during drawdowns.【About Filters】When backtesting using only the opening price on the USD/JPY 5-minute chart, a clean upward trending asset transition chart is produced, but when running on all ticks, the chart becomes jagged. Therefore, the internal logic has been adjusted to only enter during the first 5 ticks of the 5-minute chart. While waiting to enter, "Trading judgment on the next bar" is displayed on the chart screen, and trading decisions are made when the next candlestick is formed.Operating Environment・Operates on the MT4 5-minute chart. ・Operates on all currency pairs.【Compatible FX Companies】Compatible with brokers other than GMT+2 (winter)/+3 (summer)

 　Ver1.02 operates as an averaging EA that implements stop-losses. Property Settings Ver1.02 (Japanese)Magic = 51276;// Magic number for EA identificationLots = 0.1;// Lot size 1.0=100,000 currency units 0.1=10,000 currency units 0.01=1,000 currency unitsMaxLots = 10;// Number of averaging down (maximum number of held positions) (range 1-10)Nanpinrate = 10;// Averaging down width 10=10 pips 100=100 pips (range 5-100)Profit_Taking = 11;// Profit-taking width from average entry price 11=11 pips 50=50 pips (range 5-50)StopLossRequest = 1.0;// Stop order 1.0=100 pips 10=1,000 pips (range 0.5-10.0) RSI_highs = 75;// Enter the upper limit for RSI, e.g., short when above 70 (range 60-90) RSI_lows = 40;// Enter the lower limit for RSI, e.g., long when below 30 (range 10-40) RSI_Period = 6;// Enter the period for RSI, specify "6", "9", "14", etc. (range 3-28) Slippage = 1;// Allowed slippage MaxSpread = 30;// Allowed spread Enter the difference between Bid and Ask values, e.g., 30 pips OnlyLong = false;// True for new entries only long, false for entries in both long and short ManualMode = false;// True for discretionary trading mode, false for automatic trading mode MaxError = 50;// Limit on the number of consecutive entries (range 20-300) CommentOnOff = true; // Comment on the chart screen, true to display, false to not displayProperty settings Ver1.02 (English)Magic = 51276;// Magic numberdouble Lots = 0.1;// Position lot 1.0=100,000 0.1=10,000 0.01=1,000MaxLots = 10;// Maximum number of open positions (Min=1 Max=10)Nanpinrate = 10;// Reverse grid trading averaging up increment (Min=5 Max=100 pips)Profit_Taking = 11;// Take profit from average price 11=11 pips (Min=5 Max=50)StopLossRequest = 1.0;// StopLossRequest 1.0=100 pips 10=1,000 pips (Min=0.5 Max=10.0) RSI_highs = 75;// RSI upper limit (Min=60 Max=90) RSI_lows = 40;// RSI lower limit (Min=10 Max=40) RSI_Period = 6;// RSI period "6", "9", "14" (Min=3 Max=28) Slippage = 1;// slippage MaxSpread = 30;// Max spread (50=5 pips) OnlyLong = false;// New entry only for long = true | not = false ManualMode = false;// No automatic trading = true | Automatic trading = false MaxError = 50;// Continuous order count limit (Min=20 Max=300) CommentOnOff = true;// CommentOnOff = true or falseVer1.01 operates as an EA with a stop-loss width of 1,000 pips. Property Settings Ver1.01 (Japanese)Magic = 51276;// Magic number for EA identificationLots = 0.1;// Lot size 1.0=100,000 currency units 0.1=10,000 currency units 0.01=1,000 currency unitsMaxLots = 10;// Number of averaging down (maximum number of held positions) (range 1-10)Nanpinrate = 20;// Averaging down width 20=20 pips 100=100 pips (range 10-100)Profit_Taking = 5;// Profit-taking width from average entry price 5=5 pips 50=50 pips (range 5-50)StopLossRequest = 10.0;// Stop order 1.0=100 pips 10=1,000 pips (range 1.0-10.0) RSI_highs = 75;// Enter the upper limit for RSI, e.g., short when above 70 (range 60-90) RSI_lows = 40;// Enter the lower limit for RSI, e.g., long when below 30 (range 10-40) RSI_Period = 6;// Enter the period for RSI, specify "6", "9", "14", etc. (range 3-28) Slippage = 1;// Allowed slippage MaxSpread = 30;// Allowed spread Enter the difference between Bid and Ask values, e.g., 30 pips OnlyLong = false;// True for new entries only long, false for entries in both long and short ManualMode = false;// True for discretionary trading mode, false for automatic trading mode MaxError = 50;// Limit on the number of consecutive entries (range 20-300) CommentOnOff = true; // Comment on the chart screen, true to display, false to not displayProperty settings Ver1.01 (English)Magic = 51276;// Magic numberdouble Lots = 0.1;// Position lot 1.0=100,000 0.1=10,000 0.01=1,000MaxLots = 10;// Maximum number of open positions (Min=1 Max=10)Nanpinrate = 20;// Reverse grid trading averaging up increment (Min=10 Max=100 pips)Profit_Taking = 5;// Take profit from average price 5=5 pips (Min=5 Max=50)StopLossRequest = 10.0;// StopLossRequest 1.0=100 pips 10=1,000 pips (Min=1.0 Max=10.0) RSI_highs = 75;// RSI upper limit (Min=60 Max=90) RSI_lows = 40;// RSI lower limit (Min=10 Max=40) RSI_Period = 6;// RSI period "6", "9", "14" (Min=3 Max=28) Slippage = 1;// slippage MaxSpread = 30;// Max spread (50=5 pips) OnlyLong = false;// New entry only for long = true | not = false ManualMode = false;// No automatic trading = true | Automatic trading = false MaxError = 50;// Continuous order count limit (Min=20 Max=300) CommentOnOff = true;// CommentOnOff = true or false 

【Stable Version】Introduction to Bear MindBear Mind is an improved version of Bear Grid, an EA that optimizes stop-loss settings.【Bear Mind Product Page】

https://www.gogojungle.co.jp/systemtrade/fx/51278

The maximum number of positions held in Bear Mind is 10, the same as Bear Grid, but the timing of settlement is different. Bear Grid continues to hold positions until a stop order is triggered, which carries the risk of increasing unrealized losses. On the other hand, Bear Mind forcibly closes positions when a signal in the opposite direction appears, eliminating the risk of continuing to hold unrealized losses. If you are looking for stable trading, please consider purchasing.【Version Upgrade History】1. Reviewed the upper limit setting for the number of entries per day. Added the following item to the property: MaxError = 50;// Limit on the number of consecutive entries (range 20-300). This is a protection program in case orders cannot be placed due to insufficient margin or server errors, leading to an infinite loop of orders. The reset timing for the count in the program is at server time 4:00 (Japan time 10:00-11:00), 11:00 (Japan time 17:00-18:00), and 18:00 (Japan time 24:00-1:00). If the limit is reached by manually closing positions, restarting MT4 will reset the count to zero.

2. Added a setting to not place orders when spreads widen. Enter the allowed spread, the difference between Bid and Ask values, e.g., 30 pips.