K-Thistle03_EURUSD (EA)

EA description

■Summary

[K-Thistle03_EURUSD] is an EA that belongs to the day trading type, trend following type, exclusively for EURUSD 5 minutes .Logically, check the trend at the 1-hour to 4-hour level, and

if it is an uptrend, wait for a temporary correction and then buy it.If it is a downtrend,

wait for a temporary correction and rebound.

We will aim to sell back .

The risk reward ratio is less than 1, but the winning rate makes up for it by steadily settling with a certain profit margin without aiming for large profits .

I am good at when there is a trend and a certain degree of volatility, and

I make multiple entries during such market conditions.

However, it is not good when the market is trendless and has low volatility, so

I almost never enter during such market conditions.

■Parameter explanation

・MAGIC: Magic number (initial value: 19753303)

Please set a number that does not overlap with other EAs.

・MM_Work: Compound interest function on/off (initial value: false)

Please set to true when using the compound interest function

・MM_Risk: Risk tolerance (initial value: 10.0%)

What percentage of maximum leverage should be the number of lots?

・Lots: Number of lots (initial value: 0.1)

If simple interest is set, the number of lots will be set here.

・Leverage: Set leverage when using the compound interest function (initial value: 25.0)

The ratio at which you can actually buy and sell against the margin

・Slippage: Allowable slippage (initial value: 2PIPS)

If you slip more than this, you will not enter.

・stime: Entry start time (initial value: 3)

・etime: Entry end time (initial value: 19)

Enter in the time zone between stime and etime.

Please be sure to use this EA with a broker that operates in winter time GMT+2 and summer time GMT+3.

The stime and etime above are server times.

If [MM_Work] is false, the number of lots will be entered in [Lots].

If [MM_Work] is true, the number of lots will be calculated from the surplus margin amount, [MM_Risk] and [Leverage].Specifically,

the number of lots = leverage * excess margin / 100000 / price in account currency * (risk tolerance / 100)

.

Reference example

Leverage = 25 (initial value), Risk tolerance = 10.0% (initial value),

Surplus margin = 10000 dollars, EURUSD price = 1.46, For a dollar account,

25 * 10000/100000/1.46 * (10/100) = 0.17 lots will be entered.

■About the behavior of this EA

・The stop width changes depending on the volatility at that time, but

the maximum is 115 PIPS.

- A stop is set when creating a position, but when it comes to settlement , the position is closed

when it matches the internal logic,

when the stop is reached, or when the position is closed and the opposite position is held.

・In most cases, it takes less than 12 hours from entry to payment, but in some cases,

it may be held for more than a day.

・The maximum number of positions is 3, and no double positions are allowed.

It does not necessarily hold 3 positions, but it

may hold 1 to 3 positions depending on the chart shape at that time.

・There is no weekend payment function, so if you enter on Friday,

it may be carried over to the following week.

・It is designed not to enter when volatility is low, but

as a rough guide, do not enter when the daily average price range is less than 70 PIPS.

Therefore, if this situation continues for many days, you will not be able to enter for many days.

that's all.

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