Explanation of analysis algorithms and other features from the developer
<Features of AssyeGBP>
Basically, it is intended to be used with the GBP/JPY 1-minute chart, but there are no restrictions on currency pairs or time frames, so it can be used with a variety of currency pairs and time frames.
Some parts can be customized with parameters, so you may have fun discovering new ways to use it.
If you have the same account, you can use the charts of multiple currency pairs.
There is no concept of switching between summer time and winter time. If you want to switch, you can adjust the time yourself.
Until the market movement turns in favor of this EA, you may have to make early withdrawals, which can be a little stressful, but the idea is that if you persevere and wait until the market turns in favor of this EA, you can make a solid profit and ultimately leave behind the difference in profits.
*We cannot guarantee operation with any currency pairs other than those commonly used, such as virtual currencies, gold, CFDs, etc.
*The trading results on the sales page are for GBP/JPY 1-minute chart only.
＜Mechanism＞
Using the Bollinger Bands as a trigger, we predict the point where a pullback will form in the trend direction as defined by us and a reversal will occur, and then make a move.
The trend direction is filtered by the basic logic and an entry is made only when the basic logic and the Bollinger Band indicators match.
<Closing out>
When profits have increased, we will settle the position at the appropriate time using logic tailored to the characteristics of the GBP/JPY exchange rate.
Since there is no intention to increase profits (although there are cases where they may increase), we will not trail the stop loss.
Maximum Stop Loss
Buy 55PIPS Sell 50PIPS
In addition, if it is determined that the logic has gone against the flow, a stop loss may be implemented before the maximum stop loss is reached.
You can change the profit taking and loss cut values to your preferred values by setting the parameters.
<Number of positions>
As a rule, there is only one and the initial value is also set to one, but it is possible to have multiple by setting the parameters.
*It is possible to increase the number of positions, but this is not recommended.
The period used for backtesting during development (in-sample period) was August 4, 2003 to November 30, 2019.
