MSM-04F

Summary

This is a trend-following swing strategy that aims to enter at the start of a trend when volatility expands. The TP fluctuates in conjunction with volatility, and a two-stage trailing method that follows the initial price and high/low points is used to maximize profits. Due to the large trailing intervals, it may not be able to cope with markets that require quick movements, often ending at the initial price. On the other hand, it becomes advantageous in significant trends. Internally, it uses filtering for timeframes of 1 hour or more, making it resistant to chart noise. If conditions are the same, theoretically, this reduces the broker difference. In reality, performance varies significantly due to differences in swaps, etc. Generally, in GPJPY currency pairs, it is better at long positions because shorts have negative swaps. It has a well-equipped set of auxiliary functions and minimal parameters, designed to prevent human error. Settings made in the parameters are displayed in the chart comments.

Recommended Accounts

• 5 daily bars Since the logic refers to technicals for 5 daily bars, performance decreases otherwise.

Specifications & Analysis

• No Martingale
• Holding over weekends: Yes
• 12/20~1/3: No new entries, only executions
• MT4 max bar setting: Over 1000
• Average monthly trades: 6.7 times
• Average trade duration: 24 hours
• Recovery Factor TRF (Total period): 28.75 YRF (Annualized): 1.57
• Risk-Reward Ratio Profit ratio: 2.08 Win rate: 43.1%

Parameters

Items in 【】 are chart comment items. Display intervals may change depending on monitor resolution.

• Magic Number【Magic】: Set a different value from other EAs.
• Lots【Lots】: For simple interest operation. Default is not the recommended value.
• Risk %【( ) inside】: The percentage of maximum StopLoss loss against "Excess Margin" or "Balance". Calculation formula: Excess Margin (or Balance) × Risk % ÷ (SL Value × Yen Conversion) = Compound Lots Example: Setting "Excess Margin": 1 million yen excess margin, SL120, 10% risk setting, 0.83 lots Calculation example: 1,000,000 [Excess Margin 1 million yen] × 0.1 [Risk 10%] ÷ (120 [SL value] × 1,000 [Yen conversion]) 0.83 [Lots]
• Compound Function【MM】: Money management function. Selectable from 3 options. Each number corresponds to the number in the chart comment notation. 0: Simple / Fixed: Choose this "Simple" for fixed lot operation. 1: Compound / Excess Margin: Calculate lot based on the percentage of maximum loss against "Excess Margin". 2: Compound / Balance: Calculate lot based on the percentage of maximum loss against "Balance + Credit". In backtests of each compound, values are read in provisional calculations, so actual operation lot calculations may differ.
• Allowed Spread Pips【Spread Lim/Ave】: Lim: Allowed setting spread pips. "0" will be automatic. Ave: If set to "0" automatically, internal spread will be measured and average value will be displayed.

Chart Comments

【Chart Comments Display Only】

• EA Status Display: Displays EA set status in color. It is not linked to account authentication.
• Stop Loss B/S: Stop-loss pips (internal fixed, cannot be changed).
• Swap B/S: Swap points of the set currency (Buy/Sell).
• Spread Lim/Ave: "Lim" is the set spread (automatically calculated if on auto), "Ave" displays the internally measured average spread.
• Trade Counts: Number of trades of this EA among the MT4 trade history displayed.
• Profit (pips): Total pips earned on the displayed trade history.
• Profit Factor: Profit factor on the displayed trade history.
• RRR/Win%: Risk-reward and win rate on the displayed trade history.

【Other Functions】

• Automatic Chart Set: When you drag and drop the EA to any FX currency chart, it automatically switches to GBPJPY/H1 chart and changes color when set.
• Chart Change on State Error: When trading is not possible, the chart screen color changes to dark.
• Trade History Display on Chart: When trading, trade lines and pips earned are displayed on the chart.
• Chart Center Information: Displays symbol on the upper section, timeframe on the lower left, and current spread in pips on the lower right.
• Magic Number Duplicate Alert: Alerts when the same magic number is set multiple times on the same MT4 as this EA. No special restrictions after the alert, and normal operation can continue. Depending on the situation, there may be false detections or failures to detect correctly.

【Auto Spread Function】

• When "0" is set in the parameter, the internal measured average value will be used as the standard.
• To prepare for early morning rapid expansion, the maximum value is internally set to 8.0 pips.
• Just after installation, the average value may be inappropriate due to undetermined average value or early morning unmeasured data.
• For manual settings, input any value other than "0" in the parameter to fix to that value.
• Data accumulates internally during long-term operation without restarting, which may cause slight slowdowns. MT4 restarts or monthly resets clear the accumulated data.
• Auto spread does not function in backtests.
• If the chart is stopped, it will not update.
• If the value does not change from 8.0 even when moving on weekdays, re-setting the EA from drag & drop might improve it.

Frequently Asked Questions

Q1. It does not enter trades.

If the smiley face in the top right corner of the chart is not smiling, please review the settings. If it is smiling, compare the average number of trades and public forward test results of this EA; if there is a clear difference, review the setup, margin, and communication, check the logs for errors, and if errors are found but unclear, search the web for answers.

Q2. It entered a trade, but it is not trading in the public forward test. Is this behavior correct?

Q3. Magic number duplicate alert appears as a false detection.

Updates

• Version 1.2 [2024/5, New Listing]