Trading Robots for MetaTrader 4
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MetaTrader 4
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Overview
KonokaSystemNEO is one of the three sisters (NEO, JOY, FUN) based on KonokaSystem with a new personality and is an original EA.
The trading style is day trading targeting midnight to mid-day Japan time.
The currency pair is "USDJPY" and entry is made at the opening price of M5.
Each of the three sisters has a different logic and is equipped with two types of entries and two types of exits.
No grid or martingale logic is used.
The internal logic repeats profit and loss, swallowing losses and growing.
KonokaSystemNEO does not emphasize winning percentage.
Both TP and SL are slightly larger at 100 pips. (Stop hunting measure).
While those losses are significant, what is inherently most dangerous is a series of losses.
KonokaSystemNEOis designed to reduce consecutive losses caused by rallies and crashes, which are the weak points of contrarian trading.
EA that became the source of NEO: https://www.mql5.com/ja/signals/573517
<Explanation of parameters>
・MaxSpread = 20; maximum spread (because spread spreads early in the morning in Japan time)
・MaxOrders = 3; Maximum number of positions
・Space = 0; Next entry range (Auto (Default 0～Max 60))
・Friday = True; There is trading on Friday (cross weekend = True)
・Exit_Bar = True; False = Exit All(Buy), Exit All(Sell)
・Exit_Time = True; True = EXIT with set time
・MM = False; Money management (Ttue = Yes)・MM_Risk = 3; Money management risk (0.03 lot for $1000 in this case)
・MaxLotSize = 100; Maximum number of lots
・Lots = 0.3; lot size (about $1000=0.05Lot)
・TP = 1000; profit margin
・SL = 1000; Loss cut width
Note ①: 5 digit forex brokers (1000=100Pips)
Note ②: Close Time (17:00) in NY market is MT4 Server time (00:00).
(In the daylight saving time and winter time, the trading time will be off by 1 hour overall, but this is not a problem)
Note ③ : This EA provides "methods", so we cannot respond to additions or changes to the program.
