Triplet – Trading Systems – 26 September 2023

Overview

Sales Page

Performances

Real account performance

You can check the EA performance on mql5 signal

Backtest result on MT5

You can get the zip file of 7 years backtest resiult on the bottom

Logic and Parameters

here is paramerter’s summary.

After this, you can see detail parameter explain(Parameters are enclosed in [].

Determining what to trade

• 1 to 3 pairs can be traded at the same time
  • The first pair follows the currency of the chart that runs the EA
    The second is determined by [symbol2], the third by [symbol3]
  • In other words, if you do not enter anything in [symbol2] or [symbol3], the number of symbols traded will be reduced accordingly.

Determining the grid range

In this EA, a trading strategy is made based on the highest price (Highest) and lowest price (Lowest) of the past [PricePeriod] months from the current candlestick.

The calculation formula for each item is as follows.

These values ​​are used to calculate the “interval” for making trades.

About trading

• All trades are made with market orders. No limit orders
  • As a result, it is now possible to suppress trades when Spread is expanded

• Determine trading method based on CenterLine
  • For prices above CenterLine, only short trades
  • For prices below CenterLine, only long trades

no trade range

[noTradeCoreRange] decides to prohibit trading.

No trades are made within the range of [noTradeCoreRange] above and below the CenterLine.

By prohibiting trading around the CenterLine, the unrealized loss will be less even if the rate moves up or down dynamically.

The range where trading is prohibited is as follows.

In other words, if [noTradeCoreRange] is greater than 0.5, no trades will be made.

TakeProfit and trade “interval” for each position

There is one position for each “interval”.

The calculation formula of “interval” is as follows.

In other words, if you already have a position within the upper or lower interval from the current price, the trade will not take place.

Also, the take profit value of the position (TakeProfit) is the same value as the interval.

Basically, the maximum number of positions will be close to [positionHalf], but not if the interval is less than [minTP]pips or more than [maxTP]pips.

About “interval”, each currency pair will not interfere with each other. “interval” is managed for each currency pair.

Stop loss

By default, no stop loss is provided because the basic strategy of thie EA is not to set a stop loss.

you can set stoploss by pips.

The value of stopplos will be,

About the number of lots

Two methods are available: fixed lot method and variable lot method.

If the number of lots is less than the minimum lot specified by the broker, the trade will not take place.

Fixed lot method

In the fixed lot method, lot is determined by the following formula.

Variable lot method

In the variable lot method, lot is determined by the following formula.

• When the drawdown becomes large, it is possible to reduce the lot number and increase the lot number when there is room to do compound interest trading with reduced risk.
• Easy to balance when trading multiple pairs.
  • For example, when trading 1 lot, the required margin is different between EURUSD and USDJPY, so with the fixed lot method, the bet will be biased towards one of the pairs.
  • In the floating lot method, this problem does not occur because the lot is determined based on the excess margin.

※When using variable lots, the number of lots is calculated based on free margin, so the higher the leverage, the more free margin and the higher the risk than expected. Be careful when changing leverage.

※When using variable lots, set [lot] to 0.

safe function

• Pause trading if the current spread is greater than or equal to [spreadLimit]
  • To disable, set [spreadLimit] = 99999999…
• Pause trading when current equity is less than [stopEquity]
  • To disable, set [stopEquity] = 0
• Pause trading when the margin level falls below [stopMarginLevel]
  • To disable, set [stopMarginLevel] = 0
• Pause trading when drawdown exceeds [stopDrawDownPer]
  • To disable, set [stopDrawDownPer] = 100

magicNumber

To identify the position managed by this EA, set [magicNumber] so that it does not overlap with other EAs.

This EA operates only on the positions associated with [magicNumber].

Log

Troubles that occur on the EA are displayed on the upper left of the chart.

If you turn on [debugMode], you can check the log not only on the upper left of the chart but also on MT5 Journal

※When debugMode is ON, if too many logs accumulate, MT5 and machine storage may be squeezed and malfunction may occur. Please pay attention to the remaining storage capacity when using.

About optimization

Higher performance can be achieved by optimizing the pair you want to use.

• When managing multiple pairs, risk diversification can be expected by choosing pairs with less correlation.
• Specify the minimum lot (0.1 or 0.01) for [lot].
• Set [noTradeCoreRange] under 0.5.
• Set [risk] = 0
• It is recommend to disable safe functions
• It is recommended to use “Complex Criterion Max” for optimization evaluation.
• For optimization, I recommend a testing period of at least 3 years.
• To avoid curve fitting, it is recommended to dedicate half of the testing period to forward testing.

The recommended optimization items are as follows.

Please adjust while consulting with your preferences and machine specs.

※If you feel that the machine power is not enough, we recommend using MQL5 Cloud Network.

Optimization result sample (2015/05~2022/07)

The best settings when optimizing on the author’s machine are as follows(EURGBP & AUDNZD).

The error messages while optimization

If you get the error messages like below, optimization may not work.

It’s better to cofirm the detail of errors by “Visualize test”

Run Visualize test with suspicious parameter set.

And you can check the detail of errors(Alert message)