KonokaSystem.NEO

KonokaSystem.NEO is one of the 3 sisters (NEO・JOY・FUN) that inherits the DNA of KonokaSystem and has a new personality, and is the original EA.

The difference with KonokaSystem is the difference between risk avoidance by statistics (old) and risk avoidance by technical (new).

In addition, the 3 sisters are equipped with 2 types of entries and 2 types of exits, each with different logic.

The trading style is a day trade targeting from (00:00 ～13:00) Japan time.

No grid or martingale logic is used.

The currency pair is USDJPY and you enter with the opening price of M5.

The logic inside EA repeats profit and loss, swallows the loss and grows.

KonokaSystem.NEO doesn't care about the winning percentage.

Both TP and SL are 100Pips and are a little big. (To avoid loss due to large short sale)

The technical exit operates in daily life, but in an emergency, stop loss (SL) is activated.

The loss is large, but the most dangerous thing is that loss (SL) occurs continuously.

KonokaSystem.NEO is designed to avoid multiple losses (SL) due to Soaring and Crash, which are weaknesses of contrarian.

The EA essentially ends its role when the maximum drawdown (fixed lot) is below -35%. (Cash management is the most important)

The ideal is to manage the EA that has been active in the market for a long time without requiring optimization with the simplest logic possible.

Back test (BT) is verified in 20 years.

We did not use "Every Tick" for this verification.

BT's "Every Tick" is a 1-minute bar (M1), so it is not possible to perform an accurate verification by entering in the middle of each bar.

Since KonokaSystem.NEO 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 similar.

Similar to "TradeStation" and "MultiCharts", it can be verified quickly even for a long period.

Also, the offset during summer time is not required to make the verification with BT similar. (Verified)

MT4 server time (00:00) is the end of NY market (17:00), so I am making EA based on this.

EA that became the source of NEO：https://www.mql5.com/ja/signals/573517

・KonokaSystem.NEO is currently on sale.

https://www.mql5.com/ja/market/product/50980

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

＜Parameter Description.＞

・MagicNumber = 2222;

Magic Number (required when running multiple EA's)

・MaxSpread = 20;

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

・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;

False = Exit All(Buy), Exit All(Sell)

・Exit_Time = False;

True = 設定時間によるEXIT

・MM = 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 = 1000;

Take profit

・SL = 1000; 

Stop-loss

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.