Expert Advisor AUDJPY Wednesday

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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 The backtest results presented below are outdated.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.

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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.

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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:

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Expert Advisor for AUD/JPY Strategy

Today I added my first MT5 expert advisor to EarnForex.com — AUD/JPY Wednesday 15:00 EA. This EA expert advisor is an implementation of the previously mentioned Forex trading strategy for AUD/JPY. Of course, this EA goes not only in MT5 but also in MT4 version. Both versions look quite equal, but I couldn’t backtest MT5 version because the strategy tester is still absent there. Though, I’ve MT5 version one time. MT4 version was successfully backtested, but I had to alter the order tracking code to do it because MT4 strategy tester doesn’t follow order ticket numbers correctly. This expert advisor managed to give almost 80% profit with about 10% maximum drawdown during a period of 16 months (68 total trades). See the results graph below (click to enlarge):

No serious drawdowns can be seen on the chart but the curve not always has the same slope, which means that sometimes EA performs better than during other periods. The EA has been tested on bars’ Open prices only (not every tick simulation) because it opens and closes positions only on bars’ openings.

You can also view the complete testing report. Go directly to AUD/JPY Wednesday 15:00 expert advisor page to download this EA or get more information about it. If you don’t like AUD/JPY Wednesday 15:00, you can check other MetaTrader expert advisors.

If you have any questions or some interesting thoughts regarding AUD/JPY Wednesday 15:00 expert advisor or any other MT4/MT5 EA, please, feel free to reply using the form below.

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    FinMax

    2do lugar! Gran corredor!

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