HawaiianTsunamiSurfer, statistical analysis of decisive price explosions - MetaTrader 5 Expert

The fact is:

HawaiianTsunamiSurfer.mq5 combines the above premises in order to determine the price levels most likely to retrace when unusual moves occur in the USD currency pair. It performs well on AUDUSD, USDJPY and EURUSD and poorly on USDCHF and GBPUSD. This EA relies on the momentum indicator. There is no need to change the inputs as they are already calculated and optimized and therefore transparent to the user. These optimization inputs are located within the EA code:

 // The following inputs are transparent to the user, they are optimized!
// This EA is very sensitive to inputs. Please do not change them unless you are sure what you want to do.

Integer Stop Loss = 700 ; Integer Profit = 500 ; Double Tsunami Strength = 0.24 ; Double Size = 0.1 ;

The chart below shows the tsunami retracement of AUD/USD with the momentum indicator below 99.76.

This is EA's performance against USDJPY from 2009 to 2012 (both years inclusive).

suggestion:

Please experiment with AUDUSD, USDJPY and EURUSD, observe the results obtained and draw your own conclusions.

This robot was developed for learning purposes only, use it at your own risk.

Attachment download

📎 hawaiiantsunamisurfer.mq5 (7.46 KB)

Source: MQL5 #1480