Hyakurai MT5
- Experts
- Version: 3.1
- Activations: 5
Overview
"Hyakurai" is a USDJPY portfolio system that combines three strategies.
Each strategy holds a maximum of one position, for a total of up to three positions.
Strategies with the best recent performance are selected for the short-term, medium-term, and long-term components, and combined together.
Because short positions in USDJPY are notoriously difficult to capture, while the long side is easier to trade profitably, short-side exposure is kept to a minimum while firepower on the long side is maximized.
No grid or martingale is used, and TP/SL are always set. The default maximum stop loss is 140 pips, adjustable via parameters.
Hedging can occur because the three strategies operate independently of one another.
The technical indicators used in the internal filters have been selected with proprietary criteria so that they are less affected by calculation discrepancies between platforms. To assess overfitting and reproducibility, verification is also carried out using both MT5 real ticks and MT4's TDS (Tick Data Suite).
To maximize real-world trading performance, the EA is equipped with a range of supporting functions designed to reduce operational mistakes.
These include automatic chart setup, an alert for duplicate magic numbers, and prevention of entries when funds are insufficient.
This makes the EA accessible even for those new to system trading. It also meets the needs of those looking for an easy way to run a multi-strategy portfolio, since three strategies are managed as one. We recommend first checking it out on a demo account.
Strategies
- Anomaly | Trades according to USDJPY-specific time-based regularities
- Swing | Captures trend reversals and trails the position once it becomes profitable
- Scalping | Captures short-term counter-trend price swings in both directions
Live Forward Test
Please view it on myfxbook, accessible from the video channel description.
Hyakurai_Str1–3 correspond to this EA.
Note that Str2 (Swing) also trades short positions, which this EA does not.
Setup
- Currency pair | USDJPY
- Timeframe | 5-minute
- GMT | +2/+3 (for Daily chart with 5 bars per week only)
- MT4 chart history bar count | 1000 or more
※Even if set on an FX pair other than USDJPY, it will automatically switch to and be set on the USDJPY chart.
Specifications
- Number of positions | 3
- Max TP/SL | 250/140 pips (adjustable)
- Weekend carryover | Yes
- Year-end/New Year | No new entries from 12/21–1/3; only closing trades are executed
Parameter Overview
- Magic No. | Uses two consecutive numbers starting from the entered value.
- Initial Balance | Entering the starting balance allows compound lot sizing to continue correctly even after a PC restart.
- Lot Growth Rate | Allows control over lot size changes, since sudden lot changes carry higher risk.
- Allowed range from average spread | The permitted deviation from the internally measured average spread. Since the rollover period is hard to control with a maximum value alone, setting a deviation range from the average allows for broader coverage.
- Show P/L pips on chart | Displays the trade line and pips on the chart.
