AwesomeFlip

Suitable for All Levels of Traders

For Experienced Traders:You understand the importance of reliable backtests and long-term market presence. Enjoy exploring the detailed information we provide.

For Beginners:No need to worry about complex parameter settings or extensive backtesting. Simply review the statistics and determine the risk level you're comfortable with.

Backtesting Recommendations:Conduct a backtest to verify risk calculations and ensure compatibility with your broker's specifications. Alternatively, test it on a demo account.

Understanding Backtest Data:Backtest data provides insights into expected performance. Consider the following key metrics:

• Drawdown: The maximum potential loss. Adjust your investment accordingly if needed.

• Monthly Average Profit: Provides an estimate of monthly earnings, noting that losses can occur.

• Monthly Trade Frequency: Calculate by dividing the total trades by the number of backtest months.

• Consecutive Losses, Average Trade, Win/Loss Ratio: Additional important factors to consider.

Important Notes:Before using the Expert Advisor (EA), understand the inherent risks. This EA is provided as-is, with no guarantees of specific outcomes. Past performance is not indicative of future results.

Trading Strategy Overview:The EA detects changes in the Awesome Oscillator and places stop orders based on levels defined by another indicator. Key features include:

• Order Type: Stop

• Entry Level: Indicator-based

• Entry Signal: Awesome Oscillator-based

• Stop Loss: ATR-based (minimum 30 pips, maximum 200 pips)

• Take Profit: Fixed pips

• Move SL to Break Even: Fixed pips

• Exit Time: Friday, 10 PM broker time

• Trading Rules: Checked only on bar open

Backtesting Details:

• Performed with: StrategyQuant X

• Pairs Traded: GBPJPY, EURJPY, USDJPY

• Data Source: Dukascopy (2010-2024)

• Timezone: UTC+02 (European Daylight Saving Time)

• Precision: 1-minute tick simulation

• Timeframe: H1

• Spread: 1.5 pips

• Commission: $6 per full lot

• Risk per Trade: Fixed amount ($100)

• Initial Capital: $10,000

Parameters Setup:

• Custom Comment: By default, the EA's name

• MagicNumber: Choose a unique number for each market to track performance separately.

• Risk per Trade: Manage risk according to strategy metrics. Minimum recommended value: $\mathrm{<span\; style="font-family:\; "times\; new\; roman";\; font-size:\; 20px;">20</span>}<span\; style="font-family:\; "times\; new\; roman";\; font-size:\; 20px;">(</span>$20(15 for USDJPY).

• Size Decimals: Round order size to the selected number (use 2 for microlots).

• Size if No Money Management: Default value 0.01

• Maximum Lots: The largest allowed order size.

• Exit Friday: Default 22 for UTC+02 timezone. Adjust based on your broker's timezone.

Final Thoughts:This EA is designed for trading GBPJPY, EURJPY, and USDJPY on the H1 timeframe. Ensure compatibility with your broker's specifications regarding the exit time on Fridays.

This EA was created using StrategyQuant X, a robust platform for generating, developing, and researching algorithmic trading strategies.

Know More：t.me/JH113