Financial business operator Kanto Finance Bureau Director (Financial) No.1960/Member Association Japan Investment Advisers Association Member Number 012-02324

Lack of interest in USDJPY

Lack of interest in USDJPY

Lack of interest in USDJPY Auto Trading
Expert Advisors
MetaTrader 4
Sales from
11/28/2016
Last Updated At
-
Version
-
My Profile
PANDA
  • Whole period
  • 2 years
  • 1 year
  • 6 months
  • 3 months
  • 1 month
Profit
1,782,590JPY
Profit Factor
1.27
Rate of return risk  ?
4.39
Average Profit
1,702JPY
Average Loss
-2,702JPY
Balance  ?
2,782,590JPY
Rate of return (all periods) ?
69.04%
Win Rate
66.86% (4915/7351)
Maximum Position  ?
6
Maximum Drawdown  ?
15.46% (406,045JPY)
Maximum Profit
54,824JPY
Maximum Loss
-10,472JPY
Recommended Margin  ?
2,581,800JPY
Unrealized P/L
-4,224JPY
Deposit  ?
1,000,000JPY
Currency
JPY- Account
Operable Brokers
Usable with MT4-adopting brokers.

Forward testing (Profit)

Product Statistics
Product Comments

Monthly Statistics

2026
2025
2024
2023
2022
  • Jan
  • Feb
  • Mar
  • Apr
  • May
  • Jun
  • Jul
  • Aug
  • Sep
  • Oct
  • Nov
  • Dec

Calendar for Months

About EA's Strategy

Translating...

Currency Pairs
[USD/JPY]
Trading Style
[Scalping]
Maximum Number Position
4
Maximum Lot
30
Chart Time Frame
M1
Maximum Stop Loss
5
Take Profit
0
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
*Our EA experienced a large drawdown due to the Trump shock on 11/9/2016, but backtests on the same day confirm that it was profitable. We investigated the cause and found that the execution rate had slipped significantly. As a countermeasure, we abolished the slippage parameter and modified it to be fixed at 0. In addition, we have upgraded the EA setup several times, including the addition of the time frame and currency pair check logic, but have not made any changes related to the trading logic. Real forwards are now available on ■myfxbook *Discontinued publication due to VPS contract expiration (6/4/2017). ■■ Features ■■ Trading Currency: USD/JPY Trading time frame: 1 minute Trading style: Scalping, contrarian Operation style: Compound interest (simple interest operation is possible by setting) Both sides: None Others: No trading strategy, no trading stops. ■■ Optimization ■■ This EA does not perform curve fitting. It is developed with a simple logic structure to be applicable in any market conditions. The EA has been developed with a simple logic structure to work in any market conditions. When the SL value specified in the parameters is reached after entry, the loss is cut off gracefully, and the profit is calculated by taking the next trade opportunity and taking a large number of trades. Aiming for the next trade opportunity, the style is to accumulate profit by taking a large number of trades. This is a style of accumulating profits by taking a large number of trades. Although the stop loss is set small, the winning rate has been kept around 75% in the back test for 10 years. We have set a small stop loss, but the win rate has remained at around 75% over 10 years of back testing, so we have taken this into consideration to minimize the mental stress for the trader. ■■ Spreads ■■ ■■ Spreads The spreads of brokers differ from each other, but our EA is designed to handle the fluctuating spreads. The EA is designed to respond to fluctuating spreads. After automatically detecting the spread value, it measures the volatility and makes entries according to the spread value. The EA automatically detects the spread value, measures the volatility, and makes entries according to the spread value. Therefore, the entry conditions will vary depending on the spread of the broker you use. Therefore, please understand that the number of trades and the timing of trades will vary depending on the spreads of the brokers used. ■■ Stop Level ■■ Each broker has different stop levels. However, since our EA is designed to earn a small number of pips with trading stops, we recommend a broker with a stop level of 0. Therefore, we recommend a broker with a stop level of 0. ■■ Safety ■■ Safety In order to prepare for unforeseen circumstances, a stop loss is set for all positions at the time of entry. The maximum stop loss is set at 15 pips or less even in normal operation. Even in normal operation, the maximum stop loss is as shallow as 15 pips or less, and the win rate is maintained at around 75%. The win rate is maintained at around 75%. The stop loss and the number of positions can be changed by parameters, making it easy to control risk. This makes it easy to control risk. ■■ Prices ■■■Sales Prices are subject to change without notice depending on sales volume and performance. Please note that sales may be discontinued when a certain sales volume is reached. ■■ Operating Environment Since our EA is designed for short-term scalping style trading, we recommend that you run it in an environment with fast communication speed to the broker's server. It is recommended to operate in an environment with a high communication speed to the broker's server. Please be aware that the results of trades may differ even with the same broker due to differences in the speed of communication to the broker's server and network conditions. Please understand that the results of trades may differ even with the same broker due to differences in the speed of communication to the broker's server and network conditions. Magic1=20161211 Magic2=20161212 →Please check the magic number and make sure it is not the same as other EAs. MaxPos=4 MaxPos=4→Maximum number of positions, can be changed freely. (3) Comments →Comments, can be freely changed. 4) UseMM=true →True (compound interest), false (simple interest), default setting is compound interest. 5) Risk=100 →The default setting is 100%. ⑥maxLot=30 →The maximum number of lots allowed by the broker. When compounding is set to true, the number of lots is automatically calculated up to this setting. The default setting is 30, the maximum lot size for OANDA's Pro Course. (⑦Lots=0.1) →If the Compound Interest setting is false, this is the number of lots for simple interest trading. ⑧MaxSpread=8 →Maximum spread, default setting is 8 (0.8 pips). 9) SL=5 →Stop Loss, effective only when UseAutoSL=false, default setting is 10 pips. ⑩UseAutoSL=true →When true, the volatility is measured and the stop loss value is automatically calculated. If false, the stop loss will be the value set in the parameter SL. (11) MaxSL=5 →When UseAutoSL=true, this is the maximum stop loss allowed.  The default setting is 5 pips. ⑫TrailingStart=2.0 →Trailing stop start width (2 pips) ⑬ActiveMode=false →Æfalse: Detects high volatility and limits trading. ■■ Backtests ■■ Backtests ■■ Backtests ■■ Backtests ★★★ 11-year back-test results (compound interest setting) → 100,000 yen start, parameters set to default Parameters are set by default.apathy_20170409_mm100.jpg Back-test results are based on historical data and are not a guarantee of future investment returns. They are not a guarantee of future investment returns. The developer does not guarantee future investment profits to users of this EA. All decisions to purchase, use, and execute this EA are the sole responsibility of the user.
Sales from :  11/28/2016 00:41
Purchased :  15 times

Price: $185.91 (taxed)

¥29,800(taxed)

Provider/Distributor:
Sales site:

Payment

Master VISA JCB
Forward Test
Back Test

Sales from :  11/28/2016 00:41
Purchased :  15 times

Price: $185.91 (taxed)

¥29,800(taxed)

Provider/Distributor:
Sales site:

Payment

Master VISA JCB
About Forex Automated Trading
Forex Automated Trading refers to trading that is automated through programming, incorporating predetermined trading and settlement rules. There are various methods to conduct automated trading, but at GogoJungle, we deal with Experts Advisors (hereinafter referred to as EA) that operate on a trading platform called MT4.
There are various types of EAs (Expert Advisors) for different trading types that can be used on MT4.
Just like discretionary trading, there are those that decide trading and settlement timings by combining indicators, those that repeatedly buy or sell at certain price (pips) intervals, and trading methods that utilize market anomalies or temporal features. The variety is as rich as the methods in discretionary trading.

To categorize simply,
・Scalping (Type where trades are completed within a few minutes to a few hours),
・Day Trading (Type where trades are completed within several hours to about a day),
・Swing Trading (Type where trades are conducted over a relatively long period of about 1 day to 1 week)
・Grid/Martingale Trading (Holding multiple positions at equal or unequal intervals and settling all once a profit is made. Those that gradually increase the lot number are called Martingale.)
・Anomaly EA (Mid-price trading, early morning scalping)

When engaging in Forex, there are risks in automated trading just as there are in discretionary trading.
However, a substantial advantage of automated trading is its ability to limit and predict risks beforehand.

[Risk]
Inherent to forex trading are the trading risks that undeniably exist in automated trading as well.
・Lot Size Risk
Increasing the lot size forcibly due to a high winning rate can, in rare instances, depending on the EA, lead to substantial Pips loss when a loss occurs. It is crucial to verify the SL Pips and the number of positions held before operating with an appropriate lot.

・Rapid Market Fluctuation Risk
There are instances where market prices fluctuate rapidly due to index announcements or unforeseen news. System trading does not account for such unpredictable market movements, rendering it incapable of making decisions on whether to settle in advance or abstain from trading. As a countermeasure, utilizing tools that halt the EA based on indicator announcements or the VIX (fear index) is also possible.

[Benefits]
・Operates 24 hours a day
If there is an opportunity, system trading will execute trades on your behalf consistently. It proves to be an extremely convenient tool for those unable to allocate time to trading.

・Trades dispassionately without being swayed by emotions
There is an absence of self-serving rule modifications, a common human tendency, such as increasing the lot size after consecutive losses in discretionary trading or, conversely, hastily securing profits with minimal gains.

・Accessible for beginners
To engage in Forex trading, there is no prerequisite to study; anyone using system trading will achieve the same results.


[Disadvantages]
・Cannot increase trading frequency at will
Since system trading operates based on pre-programmed conditions, depending on the type of EA, it might only execute trades a few times a month.

・Suitability may vary with market conditions
Depending on the trading type of the EA, there are periods more suited to trend trading and periods more suited to contrarian trading, making consistent results across all periods unlikely. While the previous year might have yielded good results, this year's performance might not be as promising, necessitating some level of discretion in determining whether it is an opportune time to operate.
The requirements for operating automated trading (EA) on MT4 are as follows:
・MT4 (MetaTrader 4. An account needs to be opened with a Forex company that offers MT4.)
・EA (A program for automated trading)
・The operating deposit required to run the EA
・A PC that can run 24 hours or a VPS (Virtual Private Server), where a virtual PC is hosted on a cloud server to run MT4.
If you open an account with a forex broker that supports MT4, you can use MT4 as provided by that forex broker. MT4 is a stand-alone type of software that needs to be installed on your computer, so you download the program file from the website of the FX company where you opened the account and install it on your computer.

Additionally, there are both demo and real accounts available. You can experience trading with virtual money by applying for a demo account. After opening a real account, you select the connection server assigned by the Forex broker, enter the password, and log in to the account.
When you deposit money into your account using the method specified by the forex broker, the funds will be reflected in your MT4 account, and you can trade.
To set up an EA when you purchase it through GogoJungle, follow the steps below:
Firstly, download the purchased EA file from your My Page on GogoJungle. You will download a zip (compressed) file, so right-click to extract it and retrieve the file named ‘◯◯◯ (EA name)_A19GAw09 (any 8 alphanumeric characters).ex4’ from inside.

Next, launch MT4 and navigate to ‘File’ → ‘Open Data Folder’ → ‘MQL4’ → ‘Experts’ folder, and place the ex4 file inside. Once done, close MT4 and restart it. Then, go to the upper menu ‘Tools’ → ‘Options’, and under ‘Expert Advisors’, ensure ‘Allow automated trading’ and ‘Allow DLL imports’ are checked, then press OK to close.

The necessary currency pair and time frame for the correct operation of the EA are specified on the EA sales page. Refer to this information and open the chart of the correct currency pair time frame (e.g., USDJPY5M for a USD/Yen 5-minute chart).

Within the menu navigator, under ‘Expert Advisors’, you will find the EA file name you placed earlier. Click to select it, then drag & drop it directly onto the chart to load the EA. Alternatively, you can double-click the EA name to load it onto the selected chart.

If ‘Authentication Success’ appears in the upper left of the chart, the authentication has been successful. To operate the EA, you need to keep your PC running 24 hours. Therefore, either disable the automatic sleep function or host MT4 on a VPS and operate the EA.
EAs from GogoJungle can be used with one real account and one demo account per EA.
If you want to use it with an account other than the authenticated one, you need to reset the registered account.

To reset the account, close the MT4 where the Web authentication is registered, then go to My Page on GogoJungle > Use > Digital Contents > the relevant EA > press the ‘Reset’ button for the registration number, and the registered account will be released.

When the account is in a reset state, using the EA with another MT4 account will register a new account.
Also, you can reset the account an unlimited number of times.
If you encounter an error with Web authentication, or if the EA is trading on GogoJungle's forward performance page but not on your own account, there could be various reasons. For more details, please refer to the following link:
 → Items to Check When EA is Not Operating
In Forex trading, the size of a lot is usually:

1 lot = 100,000 currency units
0.1 lot = 10,000 currency units
0.01 lot = 1,000 currency units

For USD/JPY, 1 lot would mean holding 100,000 dollars.
The margin required to hold lots is determined by the leverage set by the Forex broker.
If the leverage is 25 times, the margin required to hold 10,000 currency units of USD/JPY would be:
10000*109 (※ at a rate of 109 yen per dollar) ÷ 25 = 43,600 yen.
・Profit Factor: Total Profit ÷ Total Loss
・Risk-Return Ratio: Total Profit and Loss during the period ÷ Maximum Drawdown
・Maximum Drawdown: The largest unrealized loss during the operation period
・Maximum Position Number: This is the maximum number of positions that the EA can theoretically hold at the same time
・TP (Take Profit): The set profit-taking Pips (or specified amount, etc.) in the EA's settings
・SL (Stop Loss): The set maximum loss pips (or specified amount, etc.) in the EA's settings
・Trailing Stop: Instead of settling at a specified Pips, once a certain profit is made, the settlement SL is raised at a certain interval (towards the profit), maximizing the profit. It is a method of settlement.
・Risk-Reward Ratio (Payoff Ratio): Average Profit ÷ Average Loss
・Hedging: Holding both buy and sell positions simultaneously (Some FX companies also have types where hedging is not allowed)