Stable Single EA "AL_56" MT4 Version

This EA consists ofsix logicsincluding the Gotō day.

All of them enter/close based on time, and protective stops are set.

-- Background of this EA --

With the desire to create something that truly functions in the long term, I decided to start by considering the structure of the foreign exchange market.

・Nature of the foreign exchange market

The foreign exchange market represents the currency ratio between two countries.

Basically, every country has the desire to "develop its own economy," so they implement economic policies to enhance the value of their own currency, which means that currency pairs do not continue to move in one direction. (This refers to major currencies)

Sometimes, imbalances can occur, leading to significant trends, but central banks may intervene to restore balance.Additionally, since foreign exchange transactions are primarily for hedging purposes, there is a flow of funds trying to restore currency balance by buying undervalued currencies and selling overvalued currencies, which characterizes the overall strong range nature.

・Characteristics by currency

USD is a reserve currency and a financial country currency. It is not only the most used currency for external settlements, but transactions of currencies like EURJPY are structured such that JPY is first established in USD and then EUR is bought and sold via EURUSD. (=Characteristics of JPY)

JPY is also a financial country currency. The difference from USD lies in the amount of interest rate fluctuations, which affects currency value. JPY, which hardly fluctuates in interest rates (⍲ absolute value hardly fluctuates), is treated as a safe asset. While USD is also classified as a safe asset, it is considered relatively a risk asset against JPY, CHF, and GOLD.

・Movement of active funds

Funds execute cross-yen transactions for hedging purposes. The timing to take risks, return to cash, or flow into hedge currencies reveals trends based on the overall routine and daily events.

・Movement of actual demand

Corporate organizations have fixed settlement dates each month, leading to increased foreign exchange conversion demand as the specific time of that day approaches. The concentration of transactions that must be settled by the deadline temporarily disrupts the balance of foreign exchange.

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・Summary

In other words, to move prices (factors of trends), a catalyst (material) that can change the currency values between two countries is necessary, and what generates that are national policies, interest rate differentials, economic indicators, actual demand, etc., so paying attention to those will be essential for finding an advantage.

It is not that a rising trend is formed because the MA has crossed golden, nor is it that a downward trend is formed because the downtrend has updated its lows.

When organized in chronological order,

[Fast] Catalyst ⊲ Price ⊲ Indicators such as MA calculated based on price ⊲ Optimization of indicator values [Slow]

is the case.

Indicators cannot be calculated without price, and price does not fluctuate without a catalyst.

This is a causal relationship, and the order cannot be reversed.

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It is a very simple story, but the person who can acquire a buy position at the lowest price is the one who participates in the market first.

And the one who can execute that is the one who obtained the catalyst faster than anyone else.

It is almost impossible to execute this individually against every indicator and statement from key figures.

However, if it is a routine that is repeated every month and every year, it is possible to predict that "it will rise at this time next time." Moreover, it is not just a trend; there are repetitive behaviors (catalysts) such as actual demand behind it.

This point is the excellence of anomaly investment and the reason why it is likely to yield profits in the long term.

It is not a trade that falls behind like MA or Dow theory, but the greatest advantage is being able to enter before it is reflected in the price.

Theaverage number of trades per month is 22, which meansan average of 1 trade per daybased on business days.

If it is a averaging type EA, it is necessary to prepare a large amount of margin with the premise of holding multiple positions, but if it is a single-shot type like this EA,it can start from a small amount of capital, and even when forming a portfolio with other EAs,it is easy to adjust the weight, which is an advantage.

suddenly holding a large unrealized loss like averaging, and it also excels in the efficiency of the rotation of the compound effect.

How about incorporating this EA as part of a solid asset management strategy?

(There are plans to change the amount of this product while observing real performance. Please understand in advance.)

・Parameters

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Notes when setting the chart

・By setting just one EA, both USDJPY and EURJPY will be traded. (It is also possible to deactivate one currency from the parameters)

Please do not set multiple "AL_56" on one terminal as it may cause malfunctions.

Also, please set the magic number so that they do not overlap.

・Currency name suffix

If the currency name has a suffix like "m" or "-", please add the suffix to the parameters.

Example) USDJPY- ⊲ - to be entered

Example) EURJPYm ⊲ m to be entered

・Compound interest function

You can specify the maximum loss per trade as a percentage.

With the update, it now supports automatic calculation of account currencies (JPY, USD, EUR, GBP, CHF).

If the account currency is not JPY, please add the currency "Account Currency/JPY" to the quotes.

Example) Account currency=GBP ⊲ Add GBP/JPY to the quotes

Please understand that the performance may vary slightly depending on the type of account currency due to the need to calculate the exchange rate against JPY.

・Time difference adjustment

This EA will execute trades according to Tokyo time (JST).

This EA has a function to automatically adjust for time differences. (It can be switched from the parameters)

(During backtesting, the automatic adjustment function cannot be used, so please set it manually.)

・Currency spread limit

Please set it slightly higher than the average spread. (If it is too narrow, it may cause missed trading opportunities)

If you do not need a limit, please enter a large number.

・Due to the specifications of MT4, backtesting can only be done one currency at a time. Thank you for your understanding.

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Backtesting results for EURJPY

Since backtesting is conducted one currency at a time, the scores for EURJPY are shown separately from the results for USDJPY below.