Special Envelopes
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-236,611JPYProfit Factor
:
0.75Rate of return risk
?
:
-0.92Average Profit
:
224JPYAverage Loss
:
-774JPYBalance
?
:
763,389JPYRate of return (all periods) ?
:
-20.99%Win Rate
:
72.16%
(3121/4325)
Maximum Position
?
:
27Maximum Drawdown
?
:
22.71%
(256,514JPY)
Maximum Profit
:
2,116JPYMaximum Loss
:
-4,708JPYRecommended Margin
?
:
1,127,080JPYUnrealized P/L
:
0JPYDeposit
?
:
1,000,000JPYCurrency
:
JPY- Account
Operable Brokers
Usable with MT4-adopting brokers.
※EA measurement is stopped
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]
[GBP/JPY]
[EUR/JPY]
[AUD/JPY]
[CAD/JPY]
[EUR/USD]
[GBP/USD]
[AUD/USD]
[EUR/GBP]
Trading Style
[Swing Trading]
[Scalping]
[Day Trading]
Maximum Number Position
1
Maximum Lot
1
Chart Time Frame
M1
Maximum Stop Loss
10
Take Profit
10
Straddle Trading
Yes
Application Type
Metatrader Auto Trading
Other File Usages
No
● Operation with long-term moving averages
● Operation with medium-term moving averages
Three-position operation with ultra-short-term moving averages
★★★★Super scalping with low spread account in a range market 50-100 entries or more per day for one currency pair is possible.
●Average operation with reverse nan-pinning
★★★★★The version without no-nampin is #1 in revenue ranking and #3 in popularity ranking on TRADERS-PRO as of February 20. https://www.traders-pro.com/product/profit ★★★★★Refer to the following sites of other site buyers for recent product reviews, etc. Please refer to the following site of other site buyers for recent product reviews, etc. https://coconala.com/services/330630 ★★★★The default parameter settings are the same parameters, and the stop-loss setting is 4500 yen only for reverse sideways trapping, and trailing from minus 2000 yen. The chart cannot be changed or stopped automatically when an indicator is announced, so there are many cases where the stop loss occurs. The data of unlimited forward trailing unlimited trailing is shown below. The data of unlimited forward-lined unrestricted trapeze is shown below. https://blogs.yahoo.co.jp/v637088 ●This EA is equipped with a reverse two-fold trailing function using the moving average level recommended by many professional traders. 3 moving average levels are set so that entry can be made at more divergent points. This EA is equipped with a function to make a move in the opposite direction using the moving average level. This EA allows you to specify the divergence from the moving average in units of 0.1 pips instead of the envelope deviation, so you can clearly specify the divergence in finer increments. The standard envelope of MT4 is set to a minimum of 1.1 pips or so when the dollar is 110 yen. If you restart your PC while holding a position, the EA may not recognize the position, so please close the position manually. If you close the profitable position manually, the EA will function normally again except for the closed Nan Pin trailing position. You can save multiple chart settings in the MT4 chart pair view to easily change to the best chart for your needs. You can also avoid drawdowns like in forward testing. The market deviates from the moving average but returns to the moving average, making it a simple but highly reproducible method. Basically, this method can be used with any currency pair of any time frame, but it is recommended to use the 1-minute time frame of currency pairs with high volatility, such as the pound sterling yen, the pound dollar, and the euro yen. The price of a currency pair is the price of the currency pair that has been in a downtrend for the past three months, and the price of a currency pair that has been in a downtrend for the past three months is the price of the currency pair. In the case of a buy entry, the opposite is true. The major difference between this method and simple Bollinger Band inversion is that the divergence can be freely set in 0.1 pips increments according to the market price. The major difference is that you can freely set the divergence in 0.1 pips increments according to the market price. The win rate for initial positioning is almost 70%. The win rate will be further increased by the double-positioning nanpin function. By adjusting the price range and lot size for both forward and reverse sideways stop-losses, it is possible to significantly reduce drawdowns. The EA is very simple, but it is almost impossible to use it for any other purpose. The EA is very simple and can be used with almost all currency pairs. The spread filter and trailing function can be freely set for the value range of the nanpin and the number of lots for the additional volume. You can take profit even in a small range market, and use it for trades that aim for a return when an indicator is announced. We recommend using multiple currency pair parameters. The EA can be easily adjusted even by beginners, although there are many parts of fine setting of parameters that only the EA developer can understand. The most suitable parameters and chart settings are explained in detail in the PDF file. The EA is designed to be used for both side of the market, and the margin maintenance rate and the price range of the reverse side of the market can be adjusted. Since there is a function of double-lotting, it is possible to take profit even if the market moves in either direction by setting trailing inverse and forward pin separately, but there is a disadvantage that the profit in usual operation is reduced. Forward pinning reduces drawdowns, but forward pinning assuming a reversal will result in a negative profit if the market returns by 50% or more. In that case, EA functions normally even if you manually close the forward stretch nan-pin. Conversely, if the market price reverses greatly, it becomes a positive balance. The PF in the double-building nanpin operation adjusting the number of lots of the reversal nanpin and the forward nanpin becomes about 1.2. This is recommended for IB cash back. The PF is effective only when the initial positioning is reversed. If the initial positioning is 234 against 1, the break-even point is 33.3%. If the initial positioning is 357 against 1, the break-even point is 31.3%. Even in a trending market, it often makes a push of about 35% in most markets. The recommended operation method for this EA is to use three settings, including multiple chiart settings with no nanpin and a double-fold nanpin function, as it is weak in a strong trend market with only reverse nanpin as shown in the forward test. ☆One EA can be operated with five different logics, allowing you to choose the one that best suits your trading style. Forward is operated by reverse nan-pinning. Although there is a large drawdown at the beginning, it can be avoided by setting a stop loss at the total loss price. The use of moving averages makes it possible to operate not only in a contrarian market, but also in a trending market by buying on the push side and selling on the return side in the direction of the trend. In the case of reverse side-by-side selling - no stop-loss operation, the profit rate is very high this year without losing any money, but it is vulnerable to a market with no return. In the case of double-linked pick-and-pin operation, the drawdown is low, and even if the market moves in either direction, it will be profitable, but the usual profit is low. In the case of double-lotting, margin is only required for the difference, so it is the best way to receive rebates from cash-back sites with high lot size. Operation with forward pinning: Accumulate small profits steadily no matter which way the market moves. The results of this method are surprising. The back-test data for 5 years is shown below. In addition to trailing at the average profit/loss price, the reverse limit price and reverse limit price are applied to each position individually, so it is possible to take a small profit by forward pinning while reverse pinning in case of both positions. The following repeat if-dan trades with both positions are also possible. You can freely set the number of times you want to repeat the same position, the price range, the number of additional lots, the limit price, the stop loss, and so on. If the initial positioning is closed and the market goes against the initial positioning, the following trades will be repeated. Except for the additional positions, all other settings can be freely set, enabling operation with an extremely wide range of logic. In the case of a trade at the opening of the window on Monday morning, the price often returns to the starting point even if the window is not filled, so it is recommended that the win rate is very high by responding with a nanpin. ★★★★It is also suitable for trading the Monday early morning window opening as shown in the following image. There is a dedicated EA, but this EA will also be sufficient. ★★★★Even if the trade starts from the window opening to the outside, the winning rate is very high because there is a high possibility of returning to the point of the window opening start without filling the window by entering at the outer line by setting up multiple trades or by doing some more pick-and-pins.
This is a real image of the point yen in the early morning of September 23. It moved up and down quite a bit before the market closed. The spread is not so wide even in the early morning in the case of overseas accounts, so the profit averaged 70 pips on all 30 charts of the pound sterling series, for a total profit of 2000 pips. The trailing settlement was made at the tip of the upper whiskers due to the fast movement.
By adjusting the price range of moving averages and level lines, we have consistently made a profit of 500 pips or more per day in five currency pairs even in a range market.
The following image shows the downtrend of the pound sterling on May 27. Although the price has rebounded once at the moving average level, in such a trending market with shallow returns, it is possible to take profits many times by using false for the nanpin function. The operation method with multiple parameter settings that do not use the "no more pin" function is also explained in detail. In a clear downtrend like this, you can double your profits by entering the market on a chart with less divergence between the upper level line and the lower level line. The use of moving averages makes it possible not only to reverse the trend, but also to buy on the push side in the direction of the trend and sell on the return side. In such a clear downtrend, you can double your profit by entering the market on a chart with less divergence between the upper level line and the lower level line. Since moving averages are used, it is possible not only to reverse the trend, but also to buy at a push in the trend direction and sell back in the trend direction. In this case, it is recommended to set the EA setting to "Onry Short" and narrow the stochastic control level a little. https://fx-on.com/asp/if/dev/upfile/users/2779/blog/download.jpg" rel="nofollow noopener" target="_blank">
The buy entry is as follows. The following image shows the Eurodollar with a moving average of 125, but if the slope of the green 5-minute moving average and the position of the 1-minute moving average confirm a clear uptrend, it is possible to set a level line just below the light blue moving average and make a buy entry by pushing the price in a forward direction. It is very convenient to save the chart in MT4's pair view in advance.
● Even in the case of a large divergence as shown in the chart below, if there is no return touch, entry is not made until the market settles down. All entries with blue arrows with low winning rate are avoided.
Backtest data for one-position operation in short-term scalping is shown below.
The number of times of forward pinning can also be specified. 0 input results in unlimited pinning. This will greatly reduce the drawdown caused by double-way stop-losses with a single chart setting. It is also possible to take profits in the event of a large reversal. The reverse limit settlement is applied to all positions for the first time positioning, reverse nanpin, forward nanpin, so it is also possible to operate traipsing in the case of both positions. Please do not restart your PC while holding a position as the EA may not recognize the position. If you want to restart your computer, please do so after closing your positions manually. Most EA developers and those who have knowledge of the logic of the Nanpin EA know this, but when setting up the logic of the Nanpin EA, the price range of the Nanpin EA is usually calculated from the lowest and highest prices of the past data, and the number of times of Nanpin according to the funds, and the parameter is usually set. In the past 24 years, the data shows that the dollar yen fluctuated about 70 yen against the euro yen and the pound yen fluctuated about 130 yen against the pound yen, but all of them returned more than 50%, so if the margin maintenance rate is about 100,000% [1,000% for 1,000 currencies with 40,000 yen in a domestic account for 100 yen against the dollar], there will be temporary drawdowns. The back-test data is also up for the past 24 years, but it is only past data and the capital efficiency will be very poor. The following data is from July 10, 2010 to August 1, 2017. The following backtest data is for 7 years of unrestricted reverse trailing, forward trailing, forward trailing and double trailing with a margin maintenance rate of 50,000% [4 million yen].
Unlimited reverse side-by-side trailing trailing trailing is unbeatable as long as margin is maintained, but drawdowns can be large, but 50-pips trailing can be mitigated to some extent. The double-digit trailing edge strategy is less profitable, but has almost no drawdowns. The result was almost the same as the Eurodollar, with a maximum drawdown of 1%, a PF of 1.8, and a win rate of 72%. I have tested it further since then and the results are similar. I am using the same 5 logic strategies, but the position holding time is about 1 minute, so I do not have to carry over positions, which is much less stressful than with the "Nan-Pin" method. https://fx-on.com/asp/if/dev/upfile/users/2779/blog/2018-03-23.png" rel="nofollow noopener" target="_blank">
Although the win rate is low, it is still possible to use other currency pairs as well. Optimization of Parameters: Combined with the ultra-short-term trading logic, a significant increase in profit is possible. The moving average is also less subject to error than in the back test.
● Operation with medium-term moving averages
Three-position operation with ultra-short-term moving averages
★★★★Super scalping with low spread account in a range market 50-100 entries or more per day for one currency pair is possible.
●Average operation with reverse nan-pinning
★★★★★The version without no-nampin is #1 in revenue ranking and #3 in popularity ranking on TRADERS-PRO as of February 20. https://www.traders-pro.com/product/profit ★★★★★Refer to the following sites of other site buyers for recent product reviews, etc. Please refer to the following site of other site buyers for recent product reviews, etc. https://coconala.com/services/330630 ★★★★The default parameter settings are the same parameters, and the stop-loss setting is 4500 yen only for reverse sideways trapping, and trailing from minus 2000 yen. The chart cannot be changed or stopped automatically when an indicator is announced, so there are many cases where the stop loss occurs. The data of unlimited forward trailing unlimited trailing is shown below. The data of unlimited forward-lined unrestricted trapeze is shown below. https://blogs.yahoo.co.jp/v637088 ●This EA is equipped with a reverse two-fold trailing function using the moving average level recommended by many professional traders. 3 moving average levels are set so that entry can be made at more divergent points. This EA is equipped with a function to make a move in the opposite direction using the moving average level. This EA allows you to specify the divergence from the moving average in units of 0.1 pips instead of the envelope deviation, so you can clearly specify the divergence in finer increments. The standard envelope of MT4 is set to a minimum of 1.1 pips or so when the dollar is 110 yen. If you restart your PC while holding a position, the EA may not recognize the position, so please close the position manually. If you close the profitable position manually, the EA will function normally again except for the closed Nan Pin trailing position. You can save multiple chart settings in the MT4 chart pair view to easily change to the best chart for your needs. You can also avoid drawdowns like in forward testing. The market deviates from the moving average but returns to the moving average, making it a simple but highly reproducible method. Basically, this method can be used with any currency pair of any time frame, but it is recommended to use the 1-minute time frame of currency pairs with high volatility, such as the pound sterling yen, the pound dollar, and the euro yen. The price of a currency pair is the price of the currency pair that has been in a downtrend for the past three months, and the price of a currency pair that has been in a downtrend for the past three months is the price of the currency pair. In the case of a buy entry, the opposite is true. The major difference between this method and simple Bollinger Band inversion is that the divergence can be freely set in 0.1 pips increments according to the market price. The major difference is that you can freely set the divergence in 0.1 pips increments according to the market price. The win rate for initial positioning is almost 70%. The win rate will be further increased by the double-positioning nanpin function. By adjusting the price range and lot size for both forward and reverse sideways stop-losses, it is possible to significantly reduce drawdowns. The EA is very simple, but it is almost impossible to use it for any other purpose. The EA is very simple and can be used with almost all currency pairs. The spread filter and trailing function can be freely set for the value range of the nanpin and the number of lots for the additional volume. You can take profit even in a small range market, and use it for trades that aim for a return when an indicator is announced. We recommend using multiple currency pair parameters. The EA can be easily adjusted even by beginners, although there are many parts of fine setting of parameters that only the EA developer can understand. The most suitable parameters and chart settings are explained in detail in the PDF file. The EA is designed to be used for both side of the market, and the margin maintenance rate and the price range of the reverse side of the market can be adjusted. Since there is a function of double-lotting, it is possible to take profit even if the market moves in either direction by setting trailing inverse and forward pin separately, but there is a disadvantage that the profit in usual operation is reduced. Forward pinning reduces drawdowns, but forward pinning assuming a reversal will result in a negative profit if the market returns by 50% or more. In that case, EA functions normally even if you manually close the forward stretch nan-pin. Conversely, if the market price reverses greatly, it becomes a positive balance. The PF in the double-building nanpin operation adjusting the number of lots of the reversal nanpin and the forward nanpin becomes about 1.2. This is recommended for IB cash back. The PF is effective only when the initial positioning is reversed. If the initial positioning is 234 against 1, the break-even point is 33.3%. If the initial positioning is 357 against 1, the break-even point is 31.3%. Even in a trending market, it often makes a push of about 35% in most markets. The recommended operation method for this EA is to use three settings, including multiple chiart settings with no nanpin and a double-fold nanpin function, as it is weak in a strong trend market with only reverse nanpin as shown in the forward test. ☆One EA can be operated with five different logics, allowing you to choose the one that best suits your trading style. Forward is operated by reverse nan-pinning. Although there is a large drawdown at the beginning, it can be avoided by setting a stop loss at the total loss price. The use of moving averages makes it possible to operate not only in a contrarian market, but also in a trending market by buying on the push side and selling on the return side in the direction of the trend. In the case of reverse side-by-side selling - no stop-loss operation, the profit rate is very high this year without losing any money, but it is vulnerable to a market with no return. In the case of double-linked pick-and-pin operation, the drawdown is low, and even if the market moves in either direction, it will be profitable, but the usual profit is low. In the case of double-lotting, margin is only required for the difference, so it is the best way to receive rebates from cash-back sites with high lot size. Operation with forward pinning: Accumulate small profits steadily no matter which way the market moves. The results of this method are surprising. The back-test data for 5 years is shown below. In addition to trailing at the average profit/loss price, the reverse limit price and reverse limit price are applied to each position individually, so it is possible to take a small profit by forward pinning while reverse pinning in case of both positions. The following repeat if-dan trades with both positions are also possible. You can freely set the number of times you want to repeat the same position, the price range, the number of additional lots, the limit price, the stop loss, and so on. If the initial positioning is closed and the market goes against the initial positioning, the following trades will be repeated. Except for the additional positions, all other settings can be freely set, enabling operation with an extremely wide range of logic. In the case of a trade at the opening of the window on Monday morning, the price often returns to the starting point even if the window is not filled, so it is recommended that the win rate is very high by responding with a nanpin. ★★★★It is also suitable for trading the Monday early morning window opening as shown in the following image. There is a dedicated EA, but this EA will also be sufficient. ★★★★Even if the trade starts from the window opening to the outside, the winning rate is very high because there is a high possibility of returning to the point of the window opening start without filling the window by entering at the outer line by setting up multiple trades or by doing some more pick-and-pins.
This is a real image of the point yen in the early morning of September 23. It moved up and down quite a bit before the market closed. The spread is not so wide even in the early morning in the case of overseas accounts, so the profit averaged 70 pips on all 30 charts of the pound sterling series, for a total profit of 2000 pips. The trailing settlement was made at the tip of the upper whiskers due to the fast movement.
By adjusting the price range of moving averages and level lines, we have consistently made a profit of 500 pips or more per day in five currency pairs even in a range market.
The following image shows the downtrend of the pound sterling on May 27. Although the price has rebounded once at the moving average level, in such a trending market with shallow returns, it is possible to take profits many times by using false for the nanpin function. The operation method with multiple parameter settings that do not use the "no more pin" function is also explained in detail. In a clear downtrend like this, you can double your profits by entering the market on a chart with less divergence between the upper level line and the lower level line. The use of moving averages makes it possible not only to reverse the trend, but also to buy on the push side in the direction of the trend and sell on the return side. In such a clear downtrend, you can double your profit by entering the market on a chart with less divergence between the upper level line and the lower level line. Since moving averages are used, it is possible not only to reverse the trend, but also to buy at a push in the trend direction and sell back in the trend direction. In this case, it is recommended to set the EA setting to "Onry Short" and narrow the stochastic control level a little. https://fx-on.com/asp/if/dev/upfile/users/2779/blog/download.jpg" rel="nofollow noopener" target="_blank">
The buy entry is as follows. The following image shows the Eurodollar with a moving average of 125, but if the slope of the green 5-minute moving average and the position of the 1-minute moving average confirm a clear uptrend, it is possible to set a level line just below the light blue moving average and make a buy entry by pushing the price in a forward direction. It is very convenient to save the chart in MT4's pair view in advance.
● Even in the case of a large divergence as shown in the chart below, if there is no return touch, entry is not made until the market settles down. All entries with blue arrows with low winning rate are avoided.
Backtest data for one-position operation in short-term scalping is shown below.
The number of times of forward pinning can also be specified. 0 input results in unlimited pinning. This will greatly reduce the drawdown caused by double-way stop-losses with a single chart setting. It is also possible to take profits in the event of a large reversal. The reverse limit settlement is applied to all positions for the first time positioning, reverse nanpin, forward nanpin, so it is also possible to operate traipsing in the case of both positions. Please do not restart your PC while holding a position as the EA may not recognize the position. If you want to restart your computer, please do so after closing your positions manually. Most EA developers and those who have knowledge of the logic of the Nanpin EA know this, but when setting up the logic of the Nanpin EA, the price range of the Nanpin EA is usually calculated from the lowest and highest prices of the past data, and the number of times of Nanpin according to the funds, and the parameter is usually set. In the past 24 years, the data shows that the dollar yen fluctuated about 70 yen against the euro yen and the pound yen fluctuated about 130 yen against the pound yen, but all of them returned more than 50%, so if the margin maintenance rate is about 100,000% [1,000% for 1,000 currencies with 40,000 yen in a domestic account for 100 yen against the dollar], there will be temporary drawdowns. The back-test data is also up for the past 24 years, but it is only past data and the capital efficiency will be very poor. The following data is from July 10, 2010 to August 1, 2017. The following backtest data is for 7 years of unrestricted reverse trailing, forward trailing, forward trailing and double trailing with a margin maintenance rate of 50,000% [4 million yen].
Unlimited reverse side-by-side trailing trailing trailing is unbeatable as long as margin is maintained, but drawdowns can be large, but 50-pips trailing can be mitigated to some extent. The double-digit trailing edge strategy is less profitable, but has almost no drawdowns. The result was almost the same as the Eurodollar, with a maximum drawdown of 1%, a PF of 1.8, and a win rate of 72%. I have tested it further since then and the results are similar. I am using the same 5 logic strategies, but the position holding time is about 1 minute, so I do not have to carry over positions, which is much less stressful than with the "Nan-Pin" method. https://fx-on.com/asp/if/dev/upfile/users/2779/blog/2018-03-23.png" rel="nofollow noopener" target="_blank">
Although the win rate is low, it is still possible to use other currency pairs as well. Optimization of Parameters: Combined with the ultra-short-term trading logic, a significant increase in profit is possible. The moving average is also less subject to error than in the back test.
Sales from
:
06/22/2017 05:33
Purchased
:
8
times
Price: $85.5 (taxed)
¥13,600(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 06/22/2017 05:33
Purchased
:
8
times
Price: $85.5 (taxed)
¥13,600(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
About Forex Automated Trading
What is Forex Automated Trading (MT4 EA)?
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.
Trading Types of Forex Automated Trading
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)
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)
Risks, Advantages, and Disadvantages of Forex Automated Trading
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.
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.
Equipment and Environment Needed for Automated Trading Operation
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.
・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.
Installation of MT4 and Account Login
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.
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.
How to Install EA on MT4
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.
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.
In Case You Want to Change the Account in Use
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 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.
Solutions for Errors During Web Authentication or Non-Functional Account Trading
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
→ Items to Check When EA is Not Operating
About the Size of Trading Lots
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.
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.
Glossary of Automated Trading
・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)
・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)
Useful related pages
・How to Install MT4 EA (Expert Advisor) and Indicators
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working
