Easily trade the Nikkei 225 on MT4! 【Nikkei 225 - The Best Win Rate】 Review
This article was written in May 2015.
The appearance of the Nikkei 225 product!
“Nikkei 225 – The Best Win Rate”
Recommended for these people
・Those who want to try Nikkei 225 casually with MT4 first
・Those who want to trade short-term on 1-minute, 5-minute, and 15-minute charts
【What are the advantages of using Nikkei 225 on MT4 (foreign accounts)?】
① Lower required margin
② There is volatility
③ Can be historically verified through backtesting (an external backtesting tool is required)
【Cautions】
Unlike FX, the lot size is one hundredth, so
for a dollar-denominated account, the margin is
0.74 dollars per contract
7.4 dollars for 10 contracts
74 dollars for 100 contracts
per contract.
With 100 contracts, a movement of 100 yen yields about 100 dollars, and the spread is around 10 yen.
Gaining 100 pips or 200 pips in currency pairs is difficult, but
with Nikkei 225, earning the equivalent of 100 pips, about 100 yen, is relatively easy.
Also, you don’t need to choose among many currency pairs;
the advantage is that you can just look at the Nikkei 225 chart.
Now you can trade Nikkei 225 easily on overseas FX accounts (MT4)!
Let’s take a look at the contents of this product.
A chart with indicators set
It is simple in construction.
Basically, entries appear on the chart as arrows, and exits are in the sub-window
when the pink and light blue lines become parallel or diverge, that’s the signal.
It’s very simple, but of course during ranges there can be many arrows
leading to unnecessary entries and stop-outs.
The manual explains how to avoid that range,
how to make smart exits,
and ironclad entries,
with many real-world examples.
Personally, I felt that combining it with a higher timeframe gives a clearer sense of direction.
Note: to make Japanese time easier to view, HTFX’s free indicatorhttps://fx-on.com/ebooks/detail/?id=7415">“HTGlid”is used.
〈Advantages〉
・Entry rules and exit rules are easy to understand
・Stops are preset in the manual at about 50 yen, so
you don’t need to set your own stop width
・Even on longer timeframes signals remain valid, supporting multi-timeframe
— combine 1-hour and 5-minute charts to improve accuracy
・The indicators are updated frequently to improve quality
・Trading results are posted on a blog, which adds credibility
〈Points that were hard to understand〉
・Because the manual is visual and intuitive, those who trade logically may find it hard to grasp
Finally,
using the MT4 backtester andhttps://fx-on.com/ebooks/detail/?id=7279#c">KMFXBackTestController, I tried high-speed demo trading!
Because I did it at a much faster pace, the timing of exits and entries were a little off
yet the result was a mix of small losses and occasional big wins.
A string of losses in ranges is common, and after a few losses you realize, “Ah, it was a range.”
You also experience that it can move quite a lot afterward.
That’s why you should practice entries and exits with demo trading and backtests.
Nikkei 225 has its own price movements.
When it moves a lot, you can earn quite a lot!
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