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Universal EA MT5

  • #1
  • First Post: Jul 11, 2024 5:15pm Jul 11, 2024 5:15pm
Use with USDJPY. For best results with my Universal EA - JesVersal EA, use this settings: 00:00 to 19:00GMT, trail 160 points, step 170 points. SL 400 points, TP 1500 points or whatever you want. optionally you can set Kelechi to true then use 50ema and 50 max lookback bars. type JES-USDJPY into the IndicatorName in the JesVersal EA, put 0 in the first buffer input and 1 in the second buffer input, leave the rest at -1 (very important). Contact the Author for other currency pairs.
For the universal EA JesVersal: If IndicatorName is not used, then make sure it is left empty. if any buffer input field is not needed, make sure the field is left at -1(very important). Make sure indicator isn't expired as EA may take wrong signals/trades from expired indicators. Always test on demo first.
JesLyn boolean will be explained in the next video coming soon.
One indicator or settings doesn't fit it all(pairs) that is a naive take. Different currencies act and move differently, hence pair specific strategies and settings.

Inserted Video
Attached File(s)
File Type: ex5 JesVersal EA.ex5   63 KB | 687 downloads

Attached File(s)
File Type: ex5 JES-USDJPY.ex5   18 KB | 450 downloads
  • #2
  • Jul 14, 2024 3:34pm Jul 14, 2024 3:34pm
Inserted Video


The boolean "JesLyn" is used for trade management in some strategies and some currency pairs where such a style is suited. It's an anti-Martingale kind of strategy. that takes a trade in the opposite direction of the current/previous trade, and depending on the set threshold desired by the trader.


It is the opposite of the Boolean Kelechi, which tries to take trades in the same direction as the previous trade with an ema filter. Something I call a logical Martingale
  • #3
  • Jul 15, 2024 6:07am Jul 15, 2024 6:07am
Inserted Video


Forex profit test from 01/01/2024 - July 2024
pair: Usdjpy
Timeframe: M5
MT5: Strategy tester
Initial/Start Balance: $10,000
2% of Balance - dynamic lot sizing
SL 400
TP 2300
Trail 160
Step 170
Enabled the Kelechi boolean (50ema, 50 bar max lookback)
Peak Balance: $33k
Final Balance: $24k
Net profit: $14k plus

Disabled the Kelechi boolean
peak Balance: $30k
Final Balance: $21k plus
Net profit: $11k plus

The Kelechi Boolean did have an effect.
Traders what are your settings and result? Please post.
  • #4
  • Jul 20, 2024 10:36am Jul 20, 2024 10:36am
Inserted Video

Forex profit test from 01/01/2024 - July 2024
pair: Usdjpy
Timeframe: M5
MT5: Strategy tester
Initial/Start Balance: $10,000
2% of Balance - dynamic lot sizing
SL 400
TP 3000
Trail 160
Step 170

Enabled the JesLyn boolean (70)
peak Balance: $36k
Final Balance: $31k plus
Net profit: $21k plus

Disabled the JesLyn boolean
peak Balance: $30k
Final Balance: $20k plus
Net profit: $10k plus
  • #5
  • Jul 20, 2024 4:54pm Jul 20, 2024 4:54pm
MT4 version is here:
https://www.forexfactory.com/thread/...ystem-based-on
  • #6
  • Jul 21, 2024 1:01am Jul 21, 2024 1:01am
please post graphs for the backtest to see equity/DD behaviour
  • #7
  • Jul 21, 2024 4:27am Jul 21, 2024 4:27am
Quoting Merka
please post graphs for the backtest to see equity/DD behaviour
The latest video posted here from YouTube, took all those into account. Please watch it.
  • #8
  • Jul 21, 2024 4:43am Jul 21, 2024 4:43am
Quoting Krat
{quote} The latest video posted here from YouTube, took all those into account. Please watch it.
saw it, thanks.
if you are doubling the account in 1 year than definetly an aggressive money management is used.
is the EA in post 1 the latest updated version?
  • #9
  • Jul 21, 2024 5:11am Jul 21, 2024 5:11am
Quoting Merka
{quote} saw it, thanks. if you are doubling the account in 1 year than definetly an aggressive money management is used. is the EA in post 1 the latest updated version?
Yes this is the latest version of the EA. As for doubling the account in less than a year, a lot of factors are at play here.The EA is very sophisticated with lots of functionalities. The trick is finding a setting that suites your strategy and currency pair because currencies behave differently, even some correlated pairs.I enabled the boolean that uses 2% of $10k initial account balance, when this is enabled, your lot sizing becomes dynamic, as your account grows, so does your lot size. This is logical, because why would I use the same lot size when my account balance always changes? If my balance drops from 10k to 6k,to manage risk, isn't it logical to also drop my lot size dynamically to reflect my new balance?If I set the dynamic lot size to 0.8% of 10k, if it gets to 20k, it uses the 0.8% of that 20k, giving me more profit or loss relative to my balance. Drops to 6k? Then 0.8% of 6k is used, this way, I'm adapting dynamically.This feature can be toggled off if the trader prefers to use a static lot size, then the initial lot size input field is used to adjust to the traders need.The boolean "JesLyn" had a major role in the doubling of that account as the strategy and settings suites USDJPY.My highest recorded success so far was with GBPJPY with a different indicator, settings and the JesVersal EA. From January 2024 till July, $10k initial balance to $70k plus in 7months. I will make a video evidence later, but I'll never release that indicator or settings for GBPJPY.
  • #10
  • Jul 21, 2024 5:11am Jul 21, 2024 5:11am
Before trading any EA that makes decisions according to indicators, you should know the targets so that you can quit easily when the EA is on the wrong side of the . In a nutshell you need an edge in the long run.

Luck or Edge
You need one of this to continue journey. Which one do you rely on?
  • #11
  • Jul 21, 2024 5:28am Jul 21, 2024 5:28am
Quoting Ihlas
Before trading any EA that makes decisions according to indicators, you should know the targets so that you can quit easily when the EA is on the wrong side of the . In a nutshell you need an edge in the long run. Luck or Edge You need one of this to continue journey. Which one do you rely on?
A bit ambiguous your question, but I rely on logic. This strategy tries to look for powerful trends and ride them. Why set a small target when I can smartly trail the trend and ride it to its maximum with the protection of a TrailingStop? Logic!

JesLyn boolean another form of protection based on some certain and meticulously tested settings on the EA, logic! I don't think this is luck. Though the big players might try to close this loophole as soon as possible lol.
  • #12
  • Jul 21, 2024 5:53am Jul 21, 2024 5:53am
Quoting Krat
{quote} A bit ambiguous your question, but I rely on logic. This strategy tries to look for powerful trends and ride them. Why set a small target when I can smartly trail the trend and ride it to its maximum with the protection of a TrailingStop? Logic! JesLyn boolean another form of protection based on some certain and meticulously tested settings on the EA, logic! I don't think this is luck. Though the big players might try to close this loophole as soon as possible lol.
Edge without logic is luck!
Luck with logic is luck!
Edge with logic is edge!
Anyway market will bite without edge

There is no proper setting for the market! Either you know how market operates and you also operate accordingly, or you lose every time in the long run.

But good luck with that!
You might find something at the end; at least you may understand what doesn’t work
  • #13
  • Jul 21, 2024 6:29am Jul 21, 2024 6:29am
Quoting Ihlas
{quote} Edge without logic is luck! Luck with logic is luck! Edge with logic is edge! Anyway market will bite without edge There is no proper setting for the market! Either you know how market operates and you also operate accordingly, or you lose every time in the long run. But good luck with that! You might find something at the end; at least you may understand what doesn’t work
What is this Edge you speak of?
"No proper settings for the market"? "Either you know how the market operates and operate accordingly"? Aren't these contradictory statements? Knowing how a market operates is actually a setting for that market, isn't it? There are many successful traders today because they had a proper setting of their target market.

Actually, a proper setting(s) for a target market does exist. I learnt this the hard way, that different markets (pairs) require different settings and strategies. Hence my coding for different pairs and their suitable strategies.
  • #14
  • Jul 21, 2024 7:19am Jul 21, 2024 7:19am
Quoting Krat
{quote} What is this Edge you speak of? "No proper settings for the market"? "Either you know how the market operates and operate accordingly"? Aren't these contradictory statements? Knowing how a market operates is actually a setting for that market, isn't it? There are many successful traders today because they had a proper setting of their target market. Actually, a proper setting(s) for a target market does exist. I learnt this the hard way, that different markets (pairs) require different settings and strategies. Hence my coding for different...
I mean indicator settings, most likely you use indicators to enter the market. GBPJPY, GBPUSD and USDJPY all cannot operate differently. They come from each other;
  • #15
  • Edited 8:39am Jul 21, 2024 8:22am | Edited 8:39am
Quoting Ihlas
{quote} I mean indicator settings, most likely you use indicators to enter the market. GBPJPY, GBPUSD and USDJPY all cannot operate differently. They come from each other;
First things first, just because it's an indicator doesn't mean it was derived from mixing of other indicators.

I studied pure price action, horned my skills since 2017 focusing on stuffs like volatility, correlation theory, divergence, candlestick patterns, D/S, volume spread analysis and mtf analysis. The indicator you see there is purely some price action theories.

As for currency pairs not operating different, I employ you to test for yourself. I spent months running these simulations on the strategy tester. Test the JES-USDJPY indicator on GBPUSD OR EURAUD OR EVEN EURUSD and watch it fail woefully. To give you context, if you are an experienced price action trader, open EURUSD and USDJPY charts study them for hours and you'll see they follow very different patterns.

I used the indicator that gave me a 70k Plus from an initial 10k in 7 months with GBPJPY, and tested it with USDJPY, the balance went from 10k to 4k. Maths don't lie! Even though they're both JPY pairs.


I won't get into the technicalities because that'll be me giving out too much info. Just note: some pairs Volatility high, some low, short powerful bursts, some steady linear movements. Some very strong sharp reversal whether short or long term, some tea cup, consolidation patterns.

I wish someone posted these things when we first started trading, a lot would have been easier.
  • #16
  • Jul 23, 2024 5:54am Jul 23, 2024 5:54am
Quoting Krat
{quote} Yes this is the latest version of the EA. As for doubling the account in less than a year, a lot of factors are at play here.The EA is very sophisticated with lots of functionalities. The trick is finding a setting that suites your strategy and currency pair because currencies behave differently, even some correlated pairs.I enabled the boolean that uses 2% of $10k initial account balance, when this is enabled, your lot sizing becomes dynamic, as your account grows, so does your lot size. This is logical, because why would I use the same...

Inserted Video

Forex profit test from 01/01/2024 - July 2024
Pair: GBPJPY
Timeframe: M5
MT5: Strategy tester
Initial/Start Balance: $10,000
2% of Balance - dynamic lot sizing
SL : Undisclosed
TP : Undisclosed
Trail : Undisclosed
Step : Undisclosed

peak Balance: $109k
Final Balance: $93k plus
Net profit: $83k plus
The backtest results, graph, drawdown etc is at the end of the video provided above.

This is just a proof of concept for the JesVersal EA's effectiveness on GBPJPY. My highest score so far. As promised to the folks at forexfactory.
settings(for JesVersal) or indicator won't be made public unfortunately.
Note: This isn't the JES-USDJPY indicator.
  • #17
  • Aug 19, 2024 9:15am Aug 19, 2024 9:15am
JPY pairs today great water-fall. JesVersal and h. Volatility . 3am-5am GMT
  • #18
  • Sep 22, 2024 10:41pm Sep 22, 2024 10:41pm
Hello Krat,
can you please assist to set up this indicator
https://www.mql5.com/en/market/produ...omments&page=4 , in your JesVersal EA.ex5, because the test is not starting.
Thanks.
  • #19
  • Jan 21, 2025 11:29am Jan 21, 2025 11:29am
JesVersal EA even better now
Inserted Video
  • #20
  • Jan 27, 2025 1:02pm Jan 27, 2025 1:02pm
New Indicator alert:
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM1waterfall1.png Size: 6 KB

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1Waterfall.png Size: 12 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADwaterfall.png Size: 30 KB

Attached File(s)
File Type: ex5 Waterfall.ex5   20 KB | 168 downloads


Note: Indicator expires on first of March, so make the most of it.
Full version MT4: https://www.mql5.com/en/market/produ...source=Unknown
Full version MT5: https://www.mql5.com/en/market/produ...source=Unknown.
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