Expert Advisor AUDJPY Wednesday

Los mejores corredores de opciones binarias 2020:
  • Binarium
    Binarium

    1er lugar! El mejor broker de opciones binarias!
    Ideal para principiantes! Entrenamiento gratis! Bonos de registro!

  • FinMax
    FinMax

    2do lugar! Gran corredor!

AUD/JPY Wednesday 15:00 Expert Advisor

AUD/JPY Wednesday 15:00 expert advisor is based on a trading strategy with the same name. It opens a position on 15:00 EST each Wednesday and closes it one hour later (on 16:00 EST). In the long run it should bring stable profit. Apply it to H1 timeframe. If you plan to backtest it, replace the order selection by ticket with the order selection by index, because MetaTrader 4 Strategy Tester doesn’t work properly with tickets.

Warning! The latest backtest of this expert advisor on the period from 2008-07-07 through 2020-01-24 has shown a complete account wipeout.

Do not run this EA on a live account! Use for educational purpose only. The backtest results presented below are outdated.

My test of AUD/JPY Wednesday 15:00 MetaTrader expert advisor resulted in $7,900 profit on $10,000 initial account balance. I used AUD/JPY H1 chart with 1 standard lot positions. The resulting maximum drawdown was only $1,723 (10.3%). I ran the backtest from 2008-07-07 till 2009-11-09. And AUD/JPY had both long uptrends and downtrends during that period.

MiniFAQ

What are the stop-loss and take-profit used by this EA?

It doesn’t use stop-loss or take-profit levels. This EA closes position exactly one hour after opening it.

How often does it trade?

Once per week — every Wednesday. Of course, if it’s turned on.

How do I set up its time zone parameter?

Set Server_EST_Difference to difference between your MetaTrader server’s timezone and EST (Eastern Standard Time). For example, if your server’s time is GMT+1 and it’s not Daylight Saving Time period then you should set this parameter to 6 (default).

This EA is ECN-safe. You can freely use this expert advisor with ECN (market execution) brokers as it either does not apply any stop-loss and take-profit levels in its trading orders or sends only pending orders.

Downloads

Discussion

Warning! Before you ask basic questions regarding installation of the expert advisors, please, read this MT4 Expert Advisors Tutorial to get the elementary knowledge on handling them.

Do you have your own trading results or any other remarks regarding this expert advisor? Discuss AUD/JPY Wednesday 15:00 with other traders and MQL programmers on the experts forums.

Los mejores corredores de opciones binarias 2020:
  • Binarium
    Binarium

    1er lugar! El mejor broker de opciones binarias!
    Ideal para principiantes! Entrenamiento gratis! Bonos de registro!

  • FinMax
    FinMax

    2do lugar! Gran corredor!

Forex Information – Education About Forex Market

Website focused in Forex education which contains information about the Forex market, Forex brokers, Forex autotrading, Binary Options and many more

Interesting Forex Content

FOREX BROKERS

PAYMENT OPTIONS

Receive New Content In Your E-mail

AUD/JPY Wednesday Expert Advisor for Metatrader

The expert advisor Wednesday AUD/JPY 15:00 is based on the trading strategy of the same name. Basically a position is opened at 15:00 EST every Wednesday and closes an hour later at 16:00. According to the results, it provides long-term stable earnings especially if applied to a time frame of 1 hour. To evaluate this system by backtesting is recommended to change the order selection by ticket to the selection of orders by index because Metatrader platform does not work properly with tickets.

  • This EA does not use stop loss or take profit levels as it closes the position exactly one hour after opening.
  • Only one position is opened every a week.
  • The trader must configure the time server so that there is no discrepancy in schedules.

Below are the parameters and results for this EA:

  • Stop Loss: No.
  • Take Profit: No
  • Currency pairs: AUD/JPY.
  • Time Frames: 1 hour.
  • Best results: AUD/JPY 1 hour charts.
  • Percentage Gain: 79%.
  • Maximum Drawdown: 10%.

Note: This EA works well in ECN type brokers

You can download this Expert Advisor for Metatrader 4 and 5 using the following link:

Wednesday AUD/JPY Strategy

Wednesday AUD/JPY strategy — this trading system exploits the certain tendency of AUD/JPY currency pair (Australian dollar vs. Japanese yen) to be statistically bearish during the pre-last hour before the rollover interest is applied on Wednesday. The particular day of the week was chosen because on Wednesday the rollover is tripled compared to normal days (Sunday and Saturday interests fall on Wednesday). It’s unknown why AUD/JPY, a pair with a traditionally positive rollover interest, is sold 1-2 hours before the overnight swap is applied. Perhaps, traders (hedge funds) with big bullish positions prefer this time to partially close their positions without bothering the markets too much. This strategy has been implemented in a fully automated expert advisor for MT4/MT5 platform.

Warning! According to the latest tests of this strategy on the period from 2008-07-07 through 2020-01-24, it is no longer profitable leads to significant losses.

Do not use this strategy on a live account! Use for educational purpose only.

Features

  • Fundamental base for trading.
  • Very simple strategy.
  • Statistically perfect.
  • Only one trade per week.
  • Jump-like changes in the interest rate may affect it.

Strategy Set-Up

  1. Trade only on Wednesdays.
  2. Open an hourly chart of AUD/JPY pair.

Entry Conditions

At 15:00 EST (GMT-5 or GMT-4 during daylight saving time) open a Short position.

No stop-loss or take-profit.

Exit Conditions

When the new bar opens (16:00 EST) close your position.

Example

Wednesday 2009-10-14 Wednesday 2009-10-21
Wednesday 2009-10-28 Wednesday 2009-11-04

The example charts show last four Wednesdays (October 14, 21, 28 and November 4, 2009). The H1 bar that occurred on 15:00 EST is marked with the red ellipse. I’ve checked each Wednesday from January 7 till November 4, 2009 and the statistical gain from selling during that hour was 400 pips after 44 weeks. That’s

9.1 pip per deal, which is above the average spread for AUD/JPY (5 pips). Of course, there are some Wednesdays when the strategy results in a loss, but in a long run, it’s profitable.

Warning!

Use this strategy at your own risk. EarnForex.com can’t be responsible for any losses associated with using any strategy presented on the site. It’s not recommended to use this strategy on the real account without testing it on demo first.

Discussion:

Do you have any suggestions or questions regarding this strategy? You can discuss Wednesday AUD/JPY Strategy with the fellow Forex traders on the Trading Systems and Strategies forum.

Los mejores corredores de opciones binarias 2020:
  • Binarium
    Binarium

    1er lugar! El mejor broker de opciones binarias!
    Ideal para principiantes! Entrenamiento gratis! Bonos de registro!

  • FinMax
    FinMax

    2do lugar! Gran corredor!

Opciones binarias: estrategias, robots e indicadores
Deja un comentario

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: