# Owashi MT5

Trend-following Expert Advisor targeting EURJPY on M15 chart, with long-side focus and trailing stop.

Canonical: https://prismaticalgos.com/compendium/algo/12558-owashi-mt5
Record ID: 12558
Catalog rank: 1269 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Mean Reversion & Counter-Trend (B)
Source: https://www.mql5.com/en/market/product/204855
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Opacity warnings: UNDEFINED ENTRY TERM: the entry conditions are prose naming a concept with no numeric definition, so two readers would implement them differently. Advisory only -- this does not affect the score.

## Recorded profile

- symbols: EURJPY
- timeframes: M15
- sessions: GMT +2/+3 (brokers with 5 daily bars per week only)
- market_regime: trending

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- Start of a trend detected on the daily chart

## Recorded short-entry rules

- Overbought conditions on the short side

## Recorded exit rules

- Price moves against the trade
- 15 hours of holding time for short trades

## Recorded filters

- Automatic chart setup
- Magic number duplication alert
- Entry prevention when funds are insufficient

## Risk controls

- Stop loss: Always placed
- Take profit: Buy 260/160 pips, Sell 140/200 pips (configurable)
- Position sizing: 2 positions (1 per side), configurable hedging