Shogun trading system is designed for trading USDJPY. The EA detects patterns that may indicate good moments for buying or selling the Japanese yen. Shogun opens position in the right "direction". A trade remains open long enough to let the price achieve the movement potential. On the average, position is kept open for 1-3 days. A stop loss is placed simultaneously with opening a trade. The stop loss value depends on the current market situation. The system does not use potentially dangerous tactics: martingale, locking, waiting out the losses, etc.
The following results have been obtained when testing the strategy on historical data: average annual return is 55%, while maximum historical drawdown is 47% (during the crisis of 2008).
Settings
- Chart timeframe – H1.
- StartLot – working lot. If 0, the built-in ММ is used.
- Risk — risk per deal in percentage of the deposit.
- USDDOLLAR_JAPANYEN — symbol name in your broker's terminal.
- MaxSpread — maximum allowable spread.
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