Market / MetaTrader 4 / Experts /

Blessing for GBPJPY

148 USD

Demo downloaded: 12

Published: 7 May 2023

Current version: 1.1

Blessing for GBPJPY

Experts
Hajime O-shima
Version: 1.1
Updated: 10 May 2023
Activations: 5

Description of this EA

It is a trend-following EA that detects the occurrence of a trend and enters when the market begins to gain momentum.

It is expected to be effective in markets with high volatility, and demonstrates high performance against the cross yen, especially the pound yen.

It operates in one position without using picking pins or martingale.

The recovery factor is 21.459, and it is an EA that can be expected to generate large profits that exceed losses in the medium to long term.

No account binding.

About settings

This EA is based on the assumption that the GBP/JPY operates on a 30-minute chart.

Set this EA on the GBPJPY/M30 chart of MT4.

The initial lot (= 0.09) is set so that the maximum drawdown in the past market does not exceed 1,000 USD when the initial margin is 10,000 USD.

About parameters

The parameters (and their initial values) that can be set in this EA are as follows.

* MagicNumber (=84001)

magic number.

If you want to run with other EA at the same time, please set a value that does not overlap

* Lots (=0.09)

Standard lot for initial margin of 10,000 USD.

Please pay attention to fund management when changing.

Initial values are recommended for the following parameters.

We cannot guarantee optimum performance if modified.

* MaxSpread (pips) (=30.0)

Maximum allowable spread.

New order will not send if the spread is greater than this value.

* TakeProfit (pips) (=1200.0)

Take profit.

If the unrealized profit becomes larger than this value, it will be forced profit.

* StopLoss (pips) (=300.0)

Stop loss.

If the unrealized loss exceeds this value, the loss will be forced to cut.

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Version 1.1 2023.05.10

Fixed a bug that the EA could not be backtested in the strategy tester.

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