KonokaSystem

KonokaSystem is a day trade targeting (0:00 ～13:00) Japan time. The currency pair is USDJPY and trades at the closing price of M5. No grid or martingale logic is used. Both TP and SL are 100Pips, which are slightly larger. (To avoid loss due to large short sale) There are other exit methods using time and technical indicators. With those internal logic, profit and loss are repeated and grow. KonokaSystem is not aimed at increasing the winning rate. Back test (BT) is verified in 20 years. We did not use "Every Tick" for this verification. BT "Every Tick" has a margin of price error. Since KonokaSystem is a closing price-based logic, we verify BT with "Open price only". Closing price based verification is the best way to make BT and forward testing (FT) similar. Like "TradeStation" and "MultiCharts", it can be verified quickly even for a long period. Also, GMT offset time is not needed to make FT and BT verification similar. (Verified) MT4 server time (00:00) is the end of NY market (17:00), so I am making EA based on this.

forward test：https://www.mql5.com/ja/signals/573517

・KonokaSystem is currently on sale.

　https://www.mql5.com/ja/market/product/50105　　　　

・The KonokaSystem series works best with True_ECN/STP (DMA) brokers.

＜Parameter Description.＞

・MagicNumber = 1007; 

Magic Number (required when running multiple EA's)

・MaxSpread = 20; 

Maximum spread (spread widens in the early morning of Japan time)

・Slippage = 30; 

Slippage

・MaxOrders = 3; 

Maximum number of positions

・Space = 0;

Next entry range (Auto (Default 0～Max 60))

・Friday = True; 

there is a trade on Friday (across the weekend = True)

・Exit_Bar = True; 

Exit at Ber (Exit at Tick = False)

・Money_M = False; 

Money management (True = yes)

・MM_Risk = 3; 

money management risk (in this case 0.03Lot against $1000)

・MaxLotSize = 100;  

maximum number of lots

・Lots = 0.1; 

lot size ($1000 = 0.05 Lot is recommended)

・TP_B = 1000; 

Take profit(buy)

・TP_S = 1000; 

Take profit(sell)

・SL_B = 1000; 

Stop-loss(buy)

・SL_S = 1000; 

Stop-loss(sell) Note① : 5 digit forex brokers（1000＝100Pips）

Note②： NY market CloseTime (17:00) is the MT4 Server time (00:00).

(In summer time and winter time, the trading time will be off by 1 hour overall, but it is not a problem)

Note③ : This EA provides "methods", so we cannot respond to additions or changes to the program.