Legend Trading USDJPY
EA Legend Trading USDJPY is an auto-trading robot programmed specifically for the USDJPY currency pair. Expert combines scalper strategy with smart position management strategy for stable investment growth. The EA applies the same strategies as the Legend Trading EURUSD that was released before, it refines and optimizes indicator and signal elements to match USDJPY. By identifying price patterns and verifying signals by multiple indicators and multiple timeframes, the EA enters the market with the highest probability trades. This EA also has a “Closed all on Friday” feature to close floating positions at the end of Friday to reduce the risk to the account.
Note that EA Legend Trading USDJPY has a difference between backtest and live trading, because there are signals synthesized from multi-timeframe correlation between indicators – which MT4 cannot simulate in backtest. Live trading has more trades than backtest and also trades more often.
The EA has been optimized and simple to use. If you do not have experience using EA, you should use the Default Setting with initial capital from $ 300 (with 0.01 lot). The default setting is for USDJPY with no extended characters. If the currency pair name has an extended character, please set the parameter Suffix = extended character.
|Suffix|| not set if there are no extended characters in name USDJPY.
If the pair name is in the form USDJPY.x : set Suffix = .x
|Max Spread||= 25 to 30 (Must be higher than the average spread of the currency pair)|
|Fixed Lot||= 0.0 (activated Auto Lot); Fixed Lot > 0 (your manual lot size)|
|Auto Lot||= 2.0 to 5.0 (= 1 mean auto lot size = 1 lots per $1,000,000 balance, or 0.01 lots per $1,000 balance…)|
|Trailing||= 8 (points)|
|Start Trailing||= 25 (points)|
|Closed all on Friday||= False (or True)|
* If you set Fixed Lot > 0, the EA will trade with Lot Size = Fixed Lot (if Fixed Lot is a valid lot size).
* If you set Fixed Lot = 0 and Auto Lot > 0, the EA will calculate the Lot Size according to the value of Auto Lot.
Time frame: M5. Pair: USDJPY. Use VPS with low latency (<20ms).
Use EA with ECN or Raw spread accounts and allow hedging. Min Balance: $ 300
Stops Level = 0 (check the Stops Level by: Press Ctrl + U, select currency pair, click Properties and Stops Level on the 3rd line)
Download history before backtest (Press F2, find currency pair, then Download). Backtest with model: Every tick.