Dandelion

EA Features This EA is a breakout day trading EA exclusively for EUR/USD 15min. The direction of the trend is determined based on price movements over a 2-day period, and entry is made with a stop order when the price breaks out of the recent range in the direction of the trend. Entry is limited to the period between 16:30 and 24:00 Japan time (one hour earlier during daylight saving time), when trends are relatively more likely to appear. In order to eliminate break deception as much as possible, entry is not made at the moment of a break, but only after a break is deemed to have occurred. At 5:30 a.m. Japan time (one hour earlier during daylight saving time), positions are closed regardless of unrealized gains or losses, and positions do not cross over to the next trading day. Therefore, you will not be affected by early morning spreads or early week window openings. This EA thoroughly aims for a small loss and large gain, and will cut its losses early if a breakout is unsuccessful. Therefore, the win rate is not high at just over 30%, so please be aware of this when operating the EA. On the other hand, since it does not hold unrealized losses for a long time, it is a stress-free EA in that sense. If you are interested, please give it a try. Thank you very much. Setting Parameter MagicNumber: Magic number When using this function with other EAs at the same time, set the magic number so that there will be no conflict. Lots：Lots (for single interest operation) MoneyManagement: Compound interest function If true, compound interest operation is turned on. Leverage: Leverage (times) Effective leverage setting for compounding rTakeProfit：Profit taking range (%) Specify the profit margin as a percentage change from the price at the time of order opening. rMaxStopLoss: Stop Loss (%) Specify the maximum stop loss as a percentage change from the price at the time of order opening. The stop loss is automatically calculated within the EA, but if the value is greater than rMaxStopLoss, it is replaced by rMaxStopLoss. This is to prevent the stop loss from becoming too large during large price movements. With the default settings, the automatically calculated stop-loss will be smaller than rMaxStopLoss in most cases. MaxSpreadPips: Allowable spread (pips) The spread is calculated and used as the average of the last 20 ticks. If this average spread is greater than MaxSpreadPips, new entry orders (wait orders) will not be executed and existing wait orders will be cancelled. Slippage: Allowable slippage (points) MT4Server_OpenHour: MT4 server time at New York close (hour) Specify the MT4 server time at New York close (i.e., Monday open time) to compensate for any discrepancies in MT4 server time due to differences between brokers. For example, for brokers whose server time is GMT+2 (GMT+3 during daylight savings time), this number should be 0. ShowInformation: Show the EA operation status on the chart. When conducting backtests, it is better to set this to false for faster performance. Recommended lot For simple interest operation, the recommended lot size is 0.5 lots (50,000 currency) per $10,000 (1 million yen) account balance. For compound interest, the recommended effective leverage is 5x. This is a standard setting based on the results of back-testing and assuming a 10% drawdown tolerance relative to the amount invested. For reference, the back-test results for compounding at 5x leverage are shown below. For the sake of error avoidance, the EUR/JPY rate used to calculate the number of lots is fixed at 120 yen when the account currency pair is JPY (Japanese Yen) in the back test. Please note that the actual operation refers to the latest price of EUR/JPY, and the number of lots may differ from the back test results. precautions Although not limited to this EA, brokers with smaller spreads (including commissions) will perform better. However, even if the spread is small, a broker with poor execution ability may cause unfavorable slippage, which may result in poor performance. In order to avoid order placement errors, the program is designed so that if a limit or stop order is closer than the current price plus or minus the stop level, the order price is separated by that amount. Therefore, please note that there may be a difference in the order price depending on the presence or absence of the stop level. (Back-testing has confirmed that a slightly larger stop level does not result in poor performance.) Please refer to our blog for more information on our EAs. Akki & Company