FX Japan Express EA MT4
Watch the testing video here:
The FX Japan Express EA is a powerful tool designed for MetaTrader 4 (MT4). It specializes in evening and night scalping, aiming to capture small price movements during specific trading sessions. Here are the key details:
- Minimum Deposit: You can start trading with $1000.
- Timeframe: The recommended timeframes for optimal performance are M1 or M5.
- Currency Pairs: While the EA primarily focuses on USD-JPY (USD/JPY), it can also be applied to other major currency pairs, excluding XAUUSD (Gold).
Strategy
The FX Japan Express EA follows a robust strategy:
- Trend Following: The EA identifies the prevailing trend using a combination of three time frames: H1 (1-hour), M5 (5-minute), and M1 (1-minute). It calculates the slope of each time frame’s trend using the LinRegrBuf.mq4 indicator.
- Entry Conditions:
- Short Position:
- If the slope of the highest time frame (H1) is negative (-).
- The M5 price is overbought.
- The M1 price is overbought.
- Long Position:
- If the slope of the highest time frame (H1) is positive (+).
- The M5 price is oversold.
- The M1 price is oversold.
- Short Position:
Remember, trading involves risk, and past performance is not indicative of future results. This bot could be your ticket to success—so trade wisely and soar in the Forex world!
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