GbpJpy H1 EA4

The EA was developed for the currency pair GBPJPY time frame H1. The strategy is built for intraday/swing trading - no scalping, martingale, grid, etc. The EA pass through rigorous testing of robustness and is tested on over 18 years of data with 99% modeling quality!

Functions:

• Opens a maximum of 1 trade at a time, which is always protected by StopLoss!
• Money management can use a fixed amount or a fixed lot size.
• No martingales, grids or other dangerous money management methods are used!
• All settings optimized.
• Long-term strategy!
• At 20:00 (UTC+2) we close trading every Friday to avoid weekly gaps.

Strategy of statistics based on backtest from 2003 to 2022:

Thanks to these statistics, I know what I can expect from the strategy and set the possible risk that I am willing to accept. When the current drawdown is close to the maximum drawdown in history ($1,181 at $100 trade size) I update or shut down the strategy - I don't shut down before to give the strategy room for correction!

Settings:

CustomComment = GBPJPY_H1_4 – Choose your comment to distinguish strategy, or keep default.
MagicNumber = 4 - Choose your number to distinguish strategy, or keep default.
UseMoneyManagement = false/true – If you want to trade only fixed lots use FALSE. If you want to risk fixed money you need to set this to TRUE
mmRiskMoney = 150 - If UseMoneyManagement is set to TRUE, you set the risk in Fixed money.
mmLotsIfNoMM= 0,01 - If UseMoneyManagement is set to FALSE, you set the Fixed Lotsize here.
FridayExitTime = 20:00 - Every trade will be closed at this time every Friday to prevent weekly gaps. This time is UTC+2, adjust this time by your broker timezone.