Explanation of analysis algorithms and other features from the developer
■ Target currencies USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY
This EA is built with the following five EAs (currencies).
・USDJPY → "Good Morning Ultimate_USDJPY"
・EURJPY → "Good Morning Ultimate_EURJPY"
・GBPJPY → "Good Morning Ultimate_GBPJPY"
・AUDJPY → "Good Morning Light AUDJPY"
・NZDJPY → "Good Morning Light NZDJPY"
■Trading Strategy This is a day trading logic that takes advantage of the early morning hours Japan time.
The maximum number of positions for each currency is one, and we aim to make profits while preventing losses through internal logic settlement and a unique trailing stop. We force settle at 11pm Japan time and prepare for trading the next morning.
There are no entries on Mondays or early Saturday mornings, and no positions are carried over from the weekend.
Trading will be suspended during the New Year holiday period from the 4th week of December to the 1st week of January.
■Installing EA When it comes to setting up the EA, you can operate it in five currencies by simply setting the EA on one chart.
■ Button functions (display/output)
・"▽ Button" → Shows/hides various information.
・“USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY button” → This will switch to the chart of the currency you pressed.
・"TradeHistory.csv button" → Exports trading history in CSV format.
・"Trade Data + Marking Button" → Displays the trade markings of the currency displayed on the chart and the aggregated values of trade results on the chart.
・"Portfolio Data Button" → Displays the aggregated value of the entire trading performance of this EA on the chart.
・"Hide Measurement/Show Measurement Button" → Displays spread measurement information on the chart.
■Special feature: Equipped with spread and slippage measurement function (chart display and CSV output possible)
■ The period used for backtesting during development (in-sample period)
・USDJPY: May 4, 2003 - May 31, 2020
・"EURJPY" August 3, 2003 - May 31, 2020
・GBPJPY: August 3, 2003 - May 31, 2020
・"AUDJPY" January 7, 1999 - April 30, 2019
・"NZDJPY" February 12, 2007 - April 30, 2019
■ Maximum TP/SL settings for each currency
・USDJPY
TP/SL setting (BUY)
Maximum TP 120 pips (fixed)
Maximum SL 100 pips (varies depending on conditions)
With trail
TP/SL setting (SELL)
Maximum TP 160pips (fixed)
Maximum SL 100 pips (varies depending on conditions)
With trail
・ "EURJPY"
TP/SL setting (BUY)
Maximum TP 155 pips (fixed)
Maximum SL 100 pips (varies depending on conditions)
With trail
TP/SL setting (SELL)
Maximum TP 145 pips (fixed)
Maximum SL 85 pips (varies depending on conditions)
With trail
・ GBPJPY
TP/SL setting (BUY)
Maximum TP 200 pips (fixed)
Maximum SL 80 pips (varies depending on conditions)
With trail
TP/SL setting (SELL)
Maximum TP 105 pips (fixed)
Maximum SL 90 pips (varies depending on conditions)
With trail
・ "AUDJPY"
TP/SL settings (common for BUY/SELL)
Maximum TP 100pips (fixed)
Maximum SL 55 pips (varies depending on conditions)
With trail
・ "NZDJPY"
TP/SL settings (common for BUY/SELL)
Maximum TP 100pips (fixed)
Maximum SL 50 pips (varies depending on conditions)
With trail
