Trading utilities for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
About Trading rules
This is a strategy that involves repeated entries at pullbacks, the superiority of which has been confirmed through backtesting over the past 20 years.
In addition, by referencing only the opening price of the 1-minute chart, the gap with the real rate is filled.
Other details will be kept confidential.
About EA's Strategy
Currency Pairs - USD/JPY
Trading Style - Scalping ～ Swing Trading
Maximum Number Position - 1
Maximum Lot - Depends on broker's settings
Chart Time Frame - M1
Maximum Stop Loss - None. Depends on strategic decision
Take Profit - None. Depends on strategic decision
Supported GMT - GMT+2/+3 (US Daylight Saving Time)
Parameter Explanation
No complicated settings are required.
Simply install the EA following the general MT4 operating instructions and set your preferred lot.
For other items, the default settings are generally fine.
The parameters are as follows:
Magic Number - A number to identify the EA. Please set it so that it does not overlap with other EAs.
Lots - You can set your preferred lot
Allowed Spread （1=0.1Pips） - You can set the spread you are willing to accept
Order Retry Limit - If the specified number of attempts to place an order fail, the order will be abandoned until the next signal.
Other Notes
・It only works properly when running on the USD/JPY 1-minute chart.
・Only works with GMT+2/+3 (US Daylight Saving Time) brokers
・In rare cases, there are brokers where the minimum unit for USD/JPY is 0.01, but this will not work properly with such brokers.
・If you close and restart MT4, positions will not be automatically settled. If there are existing positions after restarting, the logic will resume as is.
・Manual settlement is possible at any time. After manual settlement, you will enter appropriately at the next signal. Please note that if the next signal is close, there is a possibility that you will re-enter immediately after settlement.
・EA operation may differ depending on the delivery rate of each broker and the execution environment (communication speed/processing speed, etc.).
Release Notes
Version 1.0
・Initial release.
Thank you very much.
