ZenTrader EA By :
Free EAs

This EA is built to capture breakout opportunities in the USDJPY market with robust risk management and compounding features. It provides stable trading without martingale or grid systems, making it suitable for both beginners and advanced traders.

Currency Pair	USDJPY
Time frame	H1

Terminal	MT5
Trading Style	No Martingale & No Grid

Forward test is not conducted.

Backtesting

Test Period:2006.01.08 - 2024.10.05 (6845 days)

Main Report Image

Total Gain	2243455.6%
Yearly Gain	70.6%
Monthly Gain	4.5%
Daily Gain	0.15%
Relative Drawdown	54.1%
Profit Factor	1.68

Currency	USD
Final Balance	11217777.91
Initial Deposit	500
Total Net Profit	11217277.91
Total Trades	1199
Ttimeframe	H1

Description

Target Currency Pair and Time Frame

The target currency pair is USDJPY (US Dollar/Japanese Yen)
The time frame is 1 hour. This EA can be operated with a small amount of capital, and is designed to aim for long-term asset growth by utilizing the compound interest function.

Main Features of the EA

This EA has the following features to achieve solid risk management and efficient profit pursuit:

No Martingale/No Grid Trade: We do not adopt high-risk martingale or grid trade, and set individual stop losses for all positions. This allows you to avoid excessive risk and trade stably.
Breakout Entry: Detects market breakouts and enters at the appropriate time. Based on the trade direction (long), secure a position at a time when high volatility is expected.
Supports compound interest operations: The compound interest function automatically adjusts the trading lot according to the increase in funds, allowing you to efficiently grow your assets.
Thorough risk management: Utilizing stop loss, trailing stop, and automatic closing at a specified number of bars using the ATR (average true range), you can minimize losses and secure profits.

Overview of trading strategy

The EA manages trading as follows:

Entry method

A breakout entry is made based on the high price of the last 20 periods, and the entry point is determined using a formula that takes the ATR range into account.

Exit Method

Stop Loss: Approximately 2.3 times the ATR (20 periods)
Take Profit: Position profit target is 7% from the entry price
ATR Trailing Stop: As profits expand, the stop loss is raised based on the ATR.
Position Management on Friday: To avoid market risk, all positions are automatically closed at the specified time (server time) on Friday.

Details of Parameter Settings

EA parameters are customizable and include the following settings:

Money Management Parameters

EA is equipped with a flexible money management function, which allows you to adjust the trading lot size while managing risk.

UseMoneyManagement: When the money management function is enabled, the trading lot size is automatically adjusted according to the account balance. This enhances risk management and optimizes trade size in response to increases and decreases in funds.
mmRiskPercent: Risk tolerance percentage when money management is enabled. It can be adjusted according to risk tolerance.
mmLotsIfNoMM: Specifies the fixed lot size used when money management is disabled. Even if you do not use money management, you will trade with a stable lot size.

Exit setting under specific conditions

This EA also supports flexible exit setting under specific conditions.

ExitOnFriday: Set whether to close all positions on Friday. This setting is for reducing risk in preparation for the market close on Friday.
FridayExitTime: Specify the position closing time on Friday in 24-hour notation to protect your funds from unexpected risks.

Summary

This EA is designed to capture breakouts in the USDJPY market, and to aim for large profits even with small amounts of capital by utilizing solid risk management and compound interest functions. It uses no martingale and no grid trading to provide a stable trading environment. This EA is suitable for a wide range of traders, from beginners to advanced traders.

Strategy Tester Report


Strategy Tester Report
MetaQuotes-Demo (Build 4695)

Settings
Expert:	ZenTrader
Symbol:	USDJPY
Period:	H1 (2006.01.08 - 2024.10.05)
Inputs:	CustomComment=strategy1
	MagicNumber=11111
	BiggestRangePeriod1=10
	MoveSL2BECoef1=4.5
	Period1=20
	PriceEntryMult1=0.2
	ProfitTarget1=5.0
	StopLossCoef1=3.15
	smm=----------- Money Management - Risk Fixed % Of Balance -----------
	UseMoneyManagement=true
	mmRiskPercent=5.0
	mmDecimals=2
	mmLotsIfNoMM=0.1
	mmMaxLots=200.0
	mmMultiplier=1.0
	seof=----------- Exit On Friday -----------
	ExitOnFriday=true
	FridayExitTime=20:40
Company:	MetaQuotes Ltd.
Currency:	USD
Initial Deposit:	500.00
Leverage:	1:500

Results
History Quality:	99%
Bars:	116129	Ticks:	454652	Symbols:	1
Total Net Profit:	11 217 277.91	Balance Drawdown Absolute:	114.32	Equity Drawdown Absolute:	118.03
Gross Profit:	27 784 768.46	Balance Drawdown Maximal:	1 609 400.35 (43.35%)	Equity Drawdown Maximal:	1 685 588.98 (44.48%)
Gross Loss:	-16 567 490.55	Balance Drawdown Relative:	48.77% (3 272.76)	Equity Drawdown Relative:	54.08% (3 885.64)

Profit Factor:	1.68	Expected Payoff:	9 355.53	Margin Level:	616.80%
Recovery Factor:	6.65	Sharpe Ratio:	1.25	Z-Score:	0.67 (49.71%)
AHPR:	1.0106 (1.06%)	LR Correlation:	0.78	OnTester result:	0
GHPR:	1.0084 (0.84%)	LR Standard Error:	1 474 045.75

Total Trades:	1199	Short Trades (won %):	584 (39.38%)	Long Trades (won %):	615 (41.79%)
Total Deals:	2398	Profit Trades (% of total):	487 (40.62%)	Loss Trades (% of total):	712 (59.38%)
		Largest profit trade:	955 319.22	Largest loss trade:	-222 576.70
		Average profit trade:	57 052.91	Average loss trade:	-23 268.95
		Maximum consecutive wins ($):	7 (14 824.99)	Maximum consecutive losses ($):	11 (-660 455.81)
		Maximal consecutive profit (count):	1 458 644.98 (5)	Maximal consecutive loss (count):	-700 334.34 (8)
		Average consecutive wins:	2	Average consecutive losses:	2




Correlation (Profits,MFE):	0.80	Correlation (Profits,MAE):	0.24	Correlation (MFE,MAE):	-0.1821


Minimal position holding time:	0:00:01	Maximal position holding time:	116:00:03	Average position holding time:	34:47:51