Technical Indicators for MetaTrader 4

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MetaTrader 4

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Optimized for USDJPY

optimized-for-usdjpy-logo-200x200-9388
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Information

Indicators
MetaTrader 4
Justine Kelechi Ekweh
1.0
5

Overview

This indicator is the MT4 version based on the MT5 indicator of JES-USDJPY which is used and optimized for USDJPY currency pair. Other currency pairs have similarly optimized software for each currency pair, since they all behave differently even though some pairs share a bit of correlation.


Extensive tests, settings, and videos are available on the MT5 version thread:   https://www.mql5.com/en/forum/470202

No MT4 version of JesVersal EA for now.


https://youtu.be/V2KhpUFq8MY

Forex profit test from 01/01/2024 - July 2024

pair: Usdjpy

Timeframe: M5

MT5: Strategy tester

Initial/Start Balance: $10,000

2% of Balance - dynamic lot sizing

SL 400

TP 3000

Trail 160

Step 170


Enabled the JesLyn boolean (70)

peak Balance: $36k

Final Balance: $31k plus

Net profit: $21k plus


Disabled the JesLyn boolean

peak Balance: $30k

Final Balance: $20k plus

Net profit: $10k plus


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