Extracted algorithm research record
Owashi MT4
Trend-following Expert Advisor for EURJPY on M15 chart, focusing on long-side trades with trailing stops.
Source & extraction context
Evidence label: backtest_shown (source claim, not independent verification). Recorded completeness: 50.0/100. Neither is a performance result.
Names identify source records. Inclusion is not an endorsement or a claim of authorship, ownership or reuse permission. Check the source license before reusing any implementation.
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.
Build warnings
- MT4_ONLY: the captured source is MQL4 / written for MetaTrader 4. It needs porting (order functions, indicator handles) before it runs on MT5.
Recorded market & execution profile
- Recorded markets
- EURJPY
- Recorded timeframes
- M15
- Recorded sessions
- GMT +2/+3 (brokers with 5 daily bars per week only)
- Recorded regime
- trending
Recorded indicators & parameters
| Indicator | Parameters | Applied to |
|---|---|---|
| No indicator stack was recorded. This does not establish a price-action-only strategy. | ||
Extracted strategy rules
Recorded long-entry rules
- Start of a trend detected on the daily chart
Recorded short-entry rules
- Not explicitly stated, but implied as a support feature
Recorded exit rules
- Price moves against the trade, trailing stop once in profit
Recorded filters
- Hedging (Yes/No)
- Weekend carry-over (Yes/No)
- Stop loss
- Buy 160 pips, Sell 200 pips (configurable)
- Take profit
- Buy 260 pips, Sell 140 pips (configurable)
- Position sizing
- 2 positions (1 per side), configurable
Questions about this record
What entry rules are recorded for Owashi MT4?
Long: Start of a trend detected on the daily chart Short: Not explicitly stated, but implied as a support feature These are unverified extracted rules.
Which markets and timeframes are recorded?
Markets: EURJPY. Timeframes: M15. These are source-recorded labels, not verified execution behavior.