Explanation of analysis algorithms and other features from the developer
EA Description
This EA generates profits by growing the held positions like Sprout.
concept
When actually using the EA, you may feel uneasy because the unrealized losses of the positions you hold may become large. Even if a large trend occurs in the opposite direction, this EA will immediately close the position if a loss occurs, and keep the loss to a minimum.
In addition, we have designed it so that the positions held are basically in a state of unrealized gain, thereby reducing the psychological burden involved in managing the positions.
Stop loss is determined when trend convergence is confirmed by internal logic or by SL.
Also, the SL value differs for each currency.
(Set within the EA) In addition to the internal logic, profits are taken by trailing stop.
logic
Device
・Trend-following trades based on the initial movement of a trend using short-term BB and CCI
・Confirm long-term trends using moving averages (only trade in the direction of the long-term trend)
Closing
・Closing by confirming trend convergence (internal logic judgment)
・Profit taking by trailing stop (internal logic determination)
・Closing by TP/SL
The TP/SL for each currency pair are as follows:
TP/SL values by currency (pips)
◇USDJPY
BUY TP 450/SL 50
SELL TP 130/SL 90
◇EURUSD
BUY TP 270/SL 20
SELL TP 440/SL 50
◇EURJPY
BUY TP 230/SL 40
SELL TP 370/SL 70
◇GBPUSD
BUY TP 380/SL 75
SELL TP 350/SL 20
Setting Guide/Lot Setting
Please set the lot size in consultation with your account funds.
The standard lot sizes are shown below for your reference.
○Standard for allowing maximum DD of around 9% Account funds 1 million yen @ 0.06 Lot (initial value)
○Standards for allowing a maximum DD of around 13% Account funds of 1 million yen @ 0.1 lot Account funds of 100,000 yen @ 0.01 lot
Operational Notes
To understand past trends, we refer to data of up to 3,000 bars.
Therefore, please change the MT4 option settings as follows.
*Please set the maximum number of bars on the chart to 3000 or more.