BandCross3 EURUSD (forex.com campaign)

Only FOREX.com account holders can apply. ******************************************************************** We are planning to upgrade to V8.8 on 2015.12.24. In this version upgrade, the basic concept has been revised and the operation is quite different from the previous one. The main changes are as follows 1. minimization of the impact of important indicators/events (1) Entry during daytime Japan time 　 Entry is now possible only from 9:00 to 16:00 Japan time, when the market is relatively stable. (8:00 - 15:00 during European Summer Time) (2) Same-day settlement 　 To avoid the impact of large price fluctuations due to the release of important U.S. indices, positions are now closed at 20:00 JST (19:00 JST during European Summer Time). (19:00 during European Summer Time) (3) Avoiding the influence of weekend events 　 Entry is restricted on Mondays to avoid entering the market when the market is unstable due to weekend events. 2. risk reduction for individual trades (1) Limit on maximum number of positions 　 The maximum number of positions is set to 1 (default value) to reduce the risk of trades. In addition, even when operating with multiple positions, we limit entry to when we judge that there is an opportunity to increase profits, not when there is a market reversal, so that losses do not increase by adding more positions. (2) Review of stop-loss levels 　　The maximum S/L of AutoClose was set at 75 pips, and the S/L of individual positions was set at 90 pips to avoid having large unrealized losses. (3) Shortening of position holding time 　　After the entry time is over, the safe mode is activated to reduce the T/P level and close positions early by real-time closing to take profits when the target T/P level is reached, even before the 5-minute confirmation. 　 (Target T/P is 24 pips in normal mode, 20 pips in safe mode, and 40 pips for individual position T/P setting. 　 The weekend filter/close function has been eliminated for day trading, as positions will not be held across days and weekends. In addition, other parameters that can be set have been changed considerably, so please refer to the manual for details. The latest version of the manual is uploaded at the following address. http://bandcross.com ******************************************************************** The version was upgraded to V6.0 on 2015.4.13. The main changes are as follows to the trading logic 1. addition of a filter to account for market direction (2) Addition of a maximum limiter (150 pips) and reduction of IniStop (180 pips) to AutoSL calculation 3. change of trading hours 　Shortened trading hours to 8 hours from 4:00 p.m. to 1:00 a.m. Japan time. For back test results, please see our blog: http://bandcross.com/wp/ ******************************************************************** We have upgraded to V5.4 on 2015.3.16. The contents of this upgrade are as follows Slight changes to the trading logic. 1. added an optional feature for close processing 　 2. added a real-time close function that performs close processing when the AutoTP value is exceeded even before the 5-minute fix, and an early close function that performs AutoClose once the MinProfit is secured. Note that both functions are initially disabled (false). 2) Enhanced Entry Filter 　 Entry filters have been added and logic modified to avoid DD and to reduce variation in entry due to differences among FX firms. 3. 3. other parameter readjustments The software was upgraded to V5.4 on March 16, 2015. The contents of this upgrade are as follows Slight changes to the trading logic. 1. added an optional function for close processing 　 2. added a real-time close function that performs close processing when the AutoTP value is exceeded even before the 5-minute fix, and an early close function that performs AutoClose once the MinProfit is secured. Note that both functions are initially disabled (false). 2) Enhanced Entry Filter 　 Entry filters have been added and logic modified to avoid DD and to reduce variation in entry due to differences among FX firms. 3. 3. other parameter readjustments ******************************************************************** 　　The version was upgraded to V4.88 on February 9, 2015. Please replace the EA executable file as FX-ON will contact users. Please refer to https://fx-on.com/lecture/duty.php?c=1&i=526 for details of the procedure. Please note that the EA can be replaced while holding a position, but for safety reasons, we recommend replacing the EA with no position. This version update only adds/fixes functions and does not change the trading logic or parameters. Please refer to the following website for the instruction manual. (I am not sure how to set up the link, so please copy and paste. http://bandcross.com/BandCross3_manual_V4_88.pdf ******************************************************************** Bandcross3 enters in the direction of a short-term trend when the market is relatively calm and holds the position for a few minutes to a few days (up to 3.5 days). The system employs a logic that combines statistical analysis and various filters for trend judgment and entry, and for closing, in addition to limit/stop settings, an AutoClose function that judges market conditions and automatically closes the position, and a TimeOutClose function with a position holding time limit are implemented to allow for quick profit determination and long-term, large latent profit. This function allows for quick profit determination and highly efficient trading without incurring large unrealized losses over a long period of time. If the market moves in the opposite direction after the first position is held, a second position will be entered, but only if several filter conditions are met, preventing the trader from adding positions and increasing losses in the event of a one-way reversal. The maximum number of positions held is two, which is designed to limit losses even in the event of a stop loss. This EA is designed to steadily accumulate profits while cutting losses from time to time, and is suitable for beginners and those with small margins. (1) Currency pair: EURUSD only (2) Available account: Dollar or Yen denominated account (3) Chart: Please use 5-minute chart (M5) (4) Trading Style: Day Trade, Swing Trade (5) Trading hours: 1st position from 17:00 Japan time to 5:00 the next morning (during European Winter Time), from 16:00 Japan time to 4:00 the next morning (during European Summer Time) 　　　　　　　The second position is opened whenever the conditions are met. (6) Latest version: V4.68 　　The version was upgraded from V3.68 to V4.68 on 8/26. Please replace the EA execution file and authentication file. Please refer to https://fx-on.com/lecture/duty.php?c=1&i=526 for the details of the procedure. Please note that the EA can be replaced while holding a position, but for safety reasons, we recommend replacing the EA with no position. This version update only adds/fixes functions, and does not change the trading logic or parameters. Please note that all time settings have been changed to Japan time to facilitate the use of the manual news filter added this time. Please note that all times have been changed to Japan time to facilitate the use of the manual news filter that has been added. Please refer to the following website for instructions. (I am not sure how to set up the link, so please copy and paste. http://bandcross.com/BandCross3_manual_V4_2.pdf Here is an excerpt from the manual 1. the BandCross indicator When this EA is inserted into the 5-minute chart, the following BandCross indicators are displayed in the upper right corner of the screen to help you understand the trade status. (1) Server time, white for first position trading time, gray for other than trading time (2) Entry indicator, indicating the degree to which trading conditions have been met. 　When 5 pink indicators are displayed, the Buy order is entered. 　When 5 light blue indicators are matched, a Sell order is entered. (3) Number of orders/profit indicator (4) Elapsed time / longest holding time (in terms of 5-minute legs), 1008 5-minute legs for the longest time of 5040 minutes. ⑤Average cost of positions held (6) Profit Confirmation AutoClose Execution Price (Executed in comparison with the 5-minute close confirmation value) (7) Stop Loss AutoClose Execution Price (Executed in comparison with the 5-minute close fixed value) The main parameters that can be changed are as follows. [Default values]. The parameters other than the basic settings can be left at their default values and need not be changed. (1) Basic settings GMTdiff Sets the difference between the MT4 server time and GMT (hours) [2]. (3) SummerTime Summer time support (no daylight saving time/US style/UK style) [US style]. 　Please refer to the instruction manual for GMTdiff and daylight saving time of major FX companies. Lots Lot size [0.10] Lot size is automatically calculated when using the MM function. EmailON If true, an email will be sent when a position is opened or closed. [false] If false, an email is sent when a position is opened or closed. EmailSubject Sets the subject line of the email. [BandCross3] (2) Other settings 　　TP/SL and Weekend Filter/Close can be set. Please refer to the instruction manual for details. TP=180 pips, SL=220 pips, which is a deep setting, but this is for when the EA cannot close due to system trouble, etc. Normally, the EA will automatically close based on market conditions, so in most cases, TP=20~30 pips, SL=-70~-100 pips. In most cases, TP=20~30 pips, SL=-70~-100 pips. Version Upgrade (V3.68 -> V4.68) (1) Addition of money management function (default false) The number of lots is automatically calculated based on the margin and risk percentage settings. (2) Addition of news filter function (default false) The trading time limit for the first position can be set for each day of the week. (so-called manual news filter) (3) Daylight saving time support Automatically adjust trading hours to match European Summer Time. (4) Added display of EA name and MagicNo. in the comment field (5) Chart check and account check added (6) Corrected initial values of MaxSpread. (7) Revised other screen display information This updated version (V4.68) is optimized for the past three years (August 1, 2010 to July 31, 2013) as the previous version, and the trading logic remains unchanged. We are currently working on the compatibility with long-term historical data and measures to deal with the differences in the accounts under management, which will be addressed in the next version update.