Preview
In this post, we present an Expert Advisor (EA) designed for automated trading of the Dollar/Japanese Yen (USDJPY) currency pair using daily candlestick data on the MT4 platform. Built with a transparent approach, the system relies solely on pure Open, High, Low, and Close (OHLC) values, avoiding the use of indicators.
Unlike most Expert Advisors, which are typically developed around a predefined pattern or indicator, this EA adopts a unique design philosophy. The development process began with an in-depth analysis of the USDJPY pair's volatility to gain a clear understanding of its natural price movements.
The EA operates without any performance optimization, offering an unbiased representation of its capabilities. By relying on default parameters, users can directly evaluate its raw performance without the distortions of curve fitting, ensuring a more reliable and transparent assessment.
The development, testing, and analysis of this EA have been conducted under consistent parameters:
- Starting capital: €1,000
- Fixed lot size: 0.01
- Position types: Long and Short
- Martingale or Hedging: No
- Maximum leverage: 1:100
- Maximum open lots: 1
We provide an in-depth overview of the EA’s features, alongside detailed performance metrics derived from rigorous testing. These insights offer traders a comprehensive understanding of the algorithm’s behavior in diverse scenarios, empowering them to make informed decisions about its integration into their trading strategies.
The final part of the post displays the status of the trading system, which can be modified when the system is disabled or replaced. Quarterly subscribers can download the EA executable file for free, ready for seamless integration into the MT4 platform, as long as the system status remains active.
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