PropFlow

PropFlow: forced flows with a real counterparty, traded on a calendar.

Some market participants have to trade at a fixed moment, whatever the price. PropFlow trades these flows: index funds on rebalancing days in the closing auctions of the FTSE 100, CAC 40 and SMI, and Japanese companies buying dollars at the Tokyo fix in USDJPY. Few trades, flat the same day, a protective stop on every position.

Since version 1.10 the EA shows its new name ForcedFlow on the chart, in the panel and in the journal.

Setup: attach PropFlow to your broker's FTSE 100 chart and, for the other modules, to CAC 40, SMI and USDJPY charts, one chart per module. Choose your risk per trade. The calendars are built in.

Try it first: run it in the strategy tester on your broker's FTSE 100, CAC 40, SMI or USDJPY symbol with "Every tick based on real ticks". On other symbols the tester runs a demo schedule (one trade every weekday) so you can watch the order handling.

Module 1: index rebalancing days (FTSE 100 chart)

• A flow, not a chart pattern. When the FTSE 100, STOXX or MSCI change their indices, passive funds must trade the changes at the closing price. On that evening the deleted stocks are still in the index and are sold into the auction. PropFlow sells the FTSE 100 late in the cash session and buys back after the auction print.
• Measured before it was built. I searched on 2015 to 2022 data (63 event days, +8.3 basis points per event day after costs) and then tested once on a separate holdout from January 2023 to June 2026 that no search had touched: 27 event days, +11.5 basis points per event day, 22 of 27 positive. On real broker ticks the same days came to +11.9 basis points. Out of about 150 intraday pattern families in my research, this is the only one that passed a global multiple-testing correction.
• About eight trades a year. FTSE 100 and STOXX quarterly reviews (third Friday of March, June, September, December) and the MSCI index reviews (published dates up to August 2028). UK bank holidays are skipped, there is no auction on those days. You can add or skip dates in the inputs.

Module 2: the same flow in Paris and Zurich (CAC 40 and SMI charts, new in version 1.10)

• The FTSE rule, transferred unchanged. PropFlow sells the CAC 40 and the SMI late in the Paris and Zurich cash sessions and buys back after the closing auction print, on the STOXX and MSCI review days. Paris and Zurich exchange holidays are skipped.
• The evidence, and its limit. I registered this transfer before looking at any Paris or Zurich event day. On the holdout from January 2023 to June 2026 both markets together made +7.3 basis points per event day (CAC 40 +9.4, SMI +5.3), on 2015 to 2022 +3.8. The sign matched the FTSE in every market and period, but the result did not pass my global multiple-testing check. On real broker ticks from April 2023 to September 2026 the EA made +10.8 (CAC 40) and +7.8 (SMI) basis points per event day after spread.

Module 3: the Tokyo fix (USDJPY chart)

• The mechanism. Japanese banks set their customer exchange rate at 09:55 Tokyo time, and importers buy dollars at that fix, most of all on gotobi days (the 5th, 10th, 15th, 20th, 25th and the month-end). On Japanese holidays there is no fix. PropFlow trades three rules: month-end, gotobi days (into the fix and after it) and Japanese holidays.
• The evidence, and its limit. On real broker ticks from April 2023 to June 2026 the three rules made +5.1, +4.5 and +5.6 basis points per trade before commission. This module did not pass my global multiple-testing check, and its rules run as a pre-registered forward test until September 2027. Switch each rule off in the inputs if you only want the index module.

What all modules share

• Protective stop on every trade, placed at the broker with the order: 0.60 % from entry on the FTSE 100, 0.80 % on CAC 40, SMI and USDJPY (adjustable). In the historical data the stops were reached on at most about 2 % of the trades.
• Risk per trade in % of equity at the stop, or fixed lots. Margin, volume and spread are checked before every order.
• Broker independent timing. Event times are calculated in London, Paris, Zurich and Tokyo time from the UTC clock of your computer, so the server time zone of your broker does not matter in live trading. In the tester you choose your broker's server clock.
• Restart safe. One trade per rule and day, also after a restart. An open position is recognised and closed at its scheduled time.
• No martingale, no grid, no averaging. Hedging and netting accounts.

Where it fits

Any MT5 broker with FTSE 100, CAC 40 or SMI cash index CFDs whose price follows the closing auction, and any USDJPY feed. A VPS is recommended so the time exits happen on time. The gains per trade are small (roughly 8 to 11 basis points on the index days, 2 to 6 on the Tokyo rules), so PropFlow is a building block next to your own trading, not a replacement for it. Past results do not guarantee future results.

Activations: 10, one per computer or VPS where you run PropFlow.

Features

• Four modules, selected automatically by the chart symbol, with an override for unusual symbol names
• Built-in calendars: FTSE 100, STOXX and MSCI reviews with London, Paris and Zurich exchange holidays; Japanese business days, gotobi days and holidays
• Extra and skip dates as inputs
• Protective stop at the broker on every order
• Risk % of equity or fixed lots
• Spread filter, margin check, volume normalisation
• Status panel: next event day, event type, risk, status, last trade
• Journal line for every entry, exit and skipped event day, optional push notification
• Works on hedging and netting accounts
• Strategy tester support with selectable broker clock

Quick start

1. Open your broker's FTSE 100 chart (UK100, FTSE100, ...), attach PropFlow, set the risk per trade.
2. Optional: attach PropFlow to CAC 40 and SMI charts (FRA40, SWI20, ...) for the same flow in Paris and Zurich, and to a USDJPY chart for the Tokyo fix module.
3. Enable AutoTrading and keep the terminal running on the event days, ideally on a VPS.
4. Check the panel: it shows the next event day for the chart.

Questions: write in the Comments section or send me a message, I answer every question. If PropFlow does something you do not expect, please contact me before you rate it. All my products are on my seller page.