Flashes for EURUSD
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Real Performance
※Displays results including swaps and fees
Forward testing (Profit)
Monthly Statistics
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
【EA overview】
Trading type: Scalping
Currency pair: EURUSD
Timeframe : 1 minute
Position holding time: tens of minutes to several hours
[Simple logic]
It is a simple logic that uses only MT4 standard indicators.
It can be used for a long time because it is not over-optimized
Also, it is very light and the operation of EA does not affect the trade.
[Revenues rising for more than 10 years]
Despite the high frequency of trading 2-3 times a day, the winning percentage is over 70%.
Earnings have continued to rise for a long period of more than 10 years.
(* Results include large indicators and sudden fluctuations in VIP remarks.)
[Aim for buy on reaction selling on rally]
It is said that 70% of the Forex market is a range market and 30% is a trend market.
This logic is good at range markets and gradual trend markets.
It's good at 80 to 90% of the market price.
As much as possible, buy at the latest bottom price and settle at the high price, or sell at the high price and settle at the bottom price,
and repeat.
(※The image is dollar yen)
Due to the sudden trend change that occurs in the remaining 10 to 20% of the trend market
Cut losses to minimize losses, and wait until you are in a good market situation.
There are limit and stop price settings, but it doesn't take much.
The position will be canceled automatically.
Since it is scalping, we recommend a broker with as small a spread as possible.
As with most scalping EA, It's not good at big ECONOMIC INDICATORS news or sudden fluctuations in VIP remarks.
Therefore, if you stop at the time of a big ECONOMIC INDICATORS news or a VIP, the performance will be further improved.
When the price range for the last 20 to 30 minutes is about several pips, spread loss is likely to occur in the case of a quiet market.
Also, in the case of a convergent market with high volatility, it is easy to change the trend,
so it does not enter much.
When the price range for the last 20 to 30 minutes is 40 to 50 pips or more, the volatility is large.
It doesn't make many entries at this time as it is easy to get caught in the stop price and change the trend.
【Setting】
EA_Name：It is a setting of EA comment that remains in the trade history. It is possible to change to other than Flashes for EURUSD.
MagicNumber：It is a setting of the magic number.
Lots：Lot settings. I think that many brokers are set at 1.0 lot = 100,000 units.
StopLoss：Stop price. The default setting is 110, which is -110 pips.
TakeProfit：It is a limit price. The default setting is 60, which is +60 pips.
TrailingStop：It is a trailing order. 1 is set to 1 pips. 0 is the setting not to be used.
Slippage：If you slip this number of points from the asking price by the time you place the order and reach the securities company, the order will be cancelled. The default setting is 3.
MaxSpread：It is a spread filter. Set by the number of points. The default value is 15, and no entry will be made if the price exceeds 1.5 pips (for a securities company with 5 decimal places). It has nothing to do with closing.
Sensitive：Increases market sensitivity. The higher the value, the more frequently you trade. The default setting is 420. 380-460 is recommended.
MaximumRisk：It is a compound interest setting. It is calculated as free margin x Maximum Risk value ÷ 1,000,000. If it is 1.0, you can trade 1.0 lot for 1 million yen. Set to 0 when not in use.
Account_Balance：Whether or not the calculation in the compound interest setting is the balance. If set to true, the "free margin " in the formula will be the "balance".
MaxLot：Please check the trading conditions of your broker and enter the maximum order quantity. It is recommended to set it even if it is not in compound interest mode.
MinLot：Please check the trading conditions of your broker and enter the minimum order quantity. If the calculated value in the compound interest setting is less than the minimum order quantity, the Lots size will be placed.
WeekendExitHour：It's time to settle on Friday night as we won't carry it over. (* Server time) The default setting is 23, which is 23:00.
WeekendExitMinute：This is the minute setting for the above parameters. The default setting is 0, which is 0 minutes.
JPTime：Set whether the server time is Japan time. Set to true for Japan time.
EntryStopTime：This is the setting for how many minutes before the forced settlement time on Friday night to stop new entries. The default setting is 90, which is 90 minutes ago.
Therefore, by default, new entries will be stopped at 21:30 and the position will be settled at 23:00.
NoEntryStart1～7：The start time of the time zone when entry is stopped. If you enter 01:23, you will not be able to enter from 1:23 server time.
NoEntryStop1～7：The end time of the time period when entry is stopped. If you enter 02:34, you will not be able to enter until the server time is 2:34.
You can set 7 time zones. If not used, set both NoEntryStart and NoEntryStop values to 00:00. The default setting is 00:00 except for NoEntryStop7. NoEntryStop7 is set to 00:30 due to rollover measures. (Can be changed.)
※If you want to stop after 0 o'clock server time, set them separately.
Example: When stopping from 23:00 to 1:00, set NoEntryStart1 to 23:00, NoEntryStop1 to 24:00, NoEntryStart2 to 00:00, and NoEntryStop2 to 01:00.
Price: $246.29 (taxed)
￥39,800(taxed)
●Payment
Sales from : 10/10/2017 03:12
Price: $246.29 (taxed)
￥39,800(taxed)
●Payment
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)
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.
・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.
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.
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.
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.
→ Items to Check When EA is Not Operating
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.
・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)
・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