Shiranui MT5
- Experts
- Version: 3.4
- Activations: 5
Overview
"Shiranui" is an EA that performs short-term trading on the major currency pair EURUSD. EURUSD is the most heavily traded currency pair in the world, but while it stays calm during the Tokyo session, it suddenly turns volatile during the London session and around US/European economic indicators. Capturing this shift between calm and volatility is surprisingly difficult with this pair.
Average holding time is 8 hours for buy positions and 7 hours for sell positions, and positions may be carried over the weekend. Backtest analysis shows a trading frequency of roughly 80 to 160 trades per year.
Position management is a fully single-position system with no grid, no averaging down, no martingale, and no hedging, and losses are limited by always setting TP/SL. Because the profit target per trade is kept small, the win rate runs high at around 70%, while gains and losses accumulate in small increments — and this also makes the EA more sensitive to spread.
To ensure reproducibility while avoiding overfitting, this EA was developed using a combination of MT5 real tick data and MT4's Tick Data Suite (TDS).
To prevent unnecessary losses, the EA is equipped with a range of support features that reduce the risk of operational mistakes, including automatic chart setup, duplicate magic number alerts, and prevention of entries when funds are insufficient.
For verification support, it also retains the trade-detail export function and on-chart trade history display that were used during development.
These features make the EA approachable for those new to systematic trading, while still meeting the needs of experienced users. Please start by trying it out on a demo account.
Live Forward Test
Please check the myfxbook page linked in the video channel's description.
Setup
- Currency pair | EURUSD
- Timeframe | M5
- GMT | +2/+3 (for 5-day daily candles only)
- MT4 bars displayed setting | 1000 or more
- Recommended account | Low-spread account
*Even if attached to a chart of an FX pair other than EURUSD, it will automatically switch to and set up a EURUSD chart.
Specifications
- Number of positions | 1
- Hedging | None
- Max TP/SL | 90/150 pips (adjustable)
- Weekend carryover | Yes (adjustable)
- Year-end/New Year | No new entries from Dec 21 to Jan 3, closing only
Parameter Overview
- Initial Balance | Entering your starting balance allows the compounding lot size to keep calculating correctly even after a PC restart.
- Lot Growth Rate | Since sudden lot size changes carry higher risk, this lets you control how quickly the lot size grows.
- Allowed range from average spread | This sets the allowed deviation from the internally measured average spread. Since rollover periods are hard to control with a maximum value alone, setting a deviation range from the average provides broader coverage.
- Export trade info to CSV | Outputs details such as execution spread, average spread, and slippage for each trade.
*Note that logs may be output twice when a position closes via TP/SL. - Show P/L pips on chart | Displays the trade line and pips on the chart.
