Preview
In this post, we present an Expert Advisor (EA) designed for automated trading of the Dollar/Japanese Yen (USD/JPY) 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 USD/JPY 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 post also provides a detailed analysis of the EA's features, accompanied by extensive performance statistics gathered during testing. These insights offer a complete picture of the algorithm's behavior across diverse scenarios. For quarterly subscribers, a free download of the executable file is available, ready for seamless integration into the MT4 platform.
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