Iai
- Experts
- Yu- Kai Se Naga
- Version: 1.1
- Updated: 7 November 2023
- Activations: 20
居合 -IAI-
The Ultimate Scalping EA is Here
The art of Japanese Iaijutsu involves responding to the slightest movements of the opponent with a reaction speed that could be considered the limit of human capability, and striking at super-fast speeds beyond human limits.
This EA addresses those instantaneous entry points that are impossible for humans to react to and makes decisions and entries at ultra-high speeds.
Trading Environment
Currency Pair: EUR/USD
Time Frame: M1
Product Features
This EA captures the moments that exceed the 3σ of the Bollinger Bands and operates on a contrarian logic.
Unaffected by technical analysis or fundamentals, it captures momentary noises, making it the most potent logic possible only with an automated trading robot.
Parameter Explanation
No complicated parameter settings are required for this product.
For those who operate with fixed lot sizes, specify the lot size. For those who operate with compound interest, please specify what percentage of the excess margin to allocate to purchases.
All other settings remain at their default values for optimal performance.
| Parameter Name | Default Value | Description |
|---|---|---|
| Entry Requirement | ||
| Allowable Entry Fixed Hours. | 0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23 | Specifies the hours during which entries are allowed. If outside these hours, entries will not be made even if the entry logic conditions are met. |
| Allowable Spreads. | 2.0 | Specifies the allowable spread width at entry. If the spread is wider than this value, entries will not be made even if the entry logic conditions are met. |
| Order Information | ||
| Fixed Lots. | 0.01 | Specifies the fixed number of lots to purchase. For those using compound interest, set this parameter to 0.0. |
| Percent of Lot Use to Free Margin. | 20 | Specifies the percentage of free margin to allocate for purchasing. Recommended values: Leverage 1~100 → Specify 60~80 Leverage 100~500 → Specify 30~60 Leverage 500~1000 → Specify 10~30 *If this parameter value is set too high, it may lead to a forced liquidation. |
| Magic Number. | 2353463 | Specifies the magic number for operating this EA. Generally, there is no need to change it. If running other EAs concurrently, adjust as necessary to avoid magic number duplication. |
| Comment. | IAI | Specifies the comment for entry transactions. Generally, there is no need to change it. |
| Allowable Slippage (points) | 3 | Specifies the allowable slippage value at entry. Slippage frequency varies depending on the broker and network environment. If entries are not made due to slippage, increase this value. *Increasing this value too much may decrease the win rate. |
| EA Parameter (Unique) | ||
| MA_dynamic_sl_pips | 30.0 | This is one of the three stop-loss conditions. If the position's loss exceeds this value in pips, it meets one stop-loss condition. When all conditions are met, the position will exit. Increasing this value allows the position to withstand larger market fluctuations but may result in larger losses at exit. Decreasing this value can reduce losses at exit but may result in missed opportunities if the price recovers after the exit. |
| MA_dynamic_sl_1a_count | 20 | This is one of the three stop-loss conditions. It counts the number of times the 1-sigma band has been exceeded in the opposite direction of the order type, and exceeding this count meets one stop-loss condition. When all conditions are met, the position will exit. For example, if there's an entry for a SELL order after touching the +3 sigma of the Bollinger Bands, each time the closing price is above the +1 sigma, the count increases. Once the count exceeds 20, it satisfies one of the stop-loss conditions. |
| MA_dynamic_sl_2a_count | 15 | This is one of the three stop-loss conditions. It counts the number of times the 2-sigma band has been exceeded in the opposite direction of the order type, and exceeding this count meets one stop-loss condition. When all conditions are met, the position will exit. The mechanism is the same as MA_dynamic_sl_1a_count, only with the 2-sigma band as the target. |
| MA_dynamic_tp_pips | 4.0 | This is one of the four take-profit conditions. If the position's profit exceeds this value in pips, it meets one take-profit condition. When all conditions are met, the position will exit. Increasing this value can lead to larger profits at exit but may lower the win rate. Decreasing this value may improve the win rate but reduce the profit per trade. |
| MA_dynamic_tp_base_count | 3 | This is one of the four take-profit conditions. It counts the number of times the base band has been exceeded in the same direction as the order type, and exceeding this count meets one take-profit condition. When all conditions are met, the position will exit. For example, if there's an entry for a SELL order after touching the +3 sigma of the Bollinger Bands, each time the closing price is below the base band, the count increases. Once the count exceeds 3, it satisfies one of the take-profit conditions. |
| MA_dynamic_tp_1a_count | 2 | This is one of the four take-profit conditions. It counts the number of times the 1-sigma band has been exceeded in the same direction as the order type, and exceeding this count meets one take-profit condition. When all conditions are met, the position will exit. For example, if there's an entry for a SELL order after touching the +3 sigma of the Bollinger Bands, each time the closing price is below the 1-sigma band, the count increases. Once the count exceeds 2, it satisfies one of the take-profit conditions. |
| MA_dynamic_tp_2a_count | 1 | This is one of the four take-profit conditions. It counts the number of times the 2-sigma band has been exceeded in the same direction as the order type, and exceeding this count meets one take-profit condition. When all conditions are met, the position will exit. The mechanism is the same as MA_dynamic_tp_1a_count, only with the 2-sigma band as the target. |
Very promising robot. Back testing shows nice profits. There is also drawdowns , so please back test it at least one year back testing to get full results. I will test it with real account and then giving my final thoughts about how it worked out.