SS-system_EURGBP: EUR/GBP exchange rate for the SS system

(2)

Expert Advisors

MetaTrader 4

Sales from

10/31/2017

Last Updated At

7/3/2018

Version

1.2.4

My Profile

クロ

Whole period
2 years
1 year
6 months
3 months
1 month

Profit

: -182,203JPY

Profit Factor

: 0.99

Rate of return risk ?

: -0.33

Average Profit

: 1,902JPY

Average Loss

: -3,879JPY

Balance ?

: 817,797JPY

Rate of return (all periods) ?

: -12.29%

Win Rate

: 66.80% (2258/3380)

Maximum Position ?

: 1

Maximum Drawdown ?

: 30.28% (548,630JPY)

Maximum Profit

: 22,036JPY

Maximum Loss

: -58,470JPY

Recommended Margin ?

: 1,482,150JPY

Unrealized P/L

: 0JPY

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

[EUR/GBP]

Trading Style

[Day Trading] [Scalping]

Maximum Number Position

Maximum Lot

Chart Time Frame

M15

Maximum Stop Loss

Take Profit

Straddle Trading

Application Type

Metatrader Auto Trading

Other File Usages

Currencies traded

EUR/GBP

Trading time

15 minutes

Notes

The chart is created based on GMT Winter Time +2 and Daylight Saving Time +3. Please make sure that your MT4 is compatible with GMT winter +2 and summer +3. Due to the narrow margins, the brokers are limited to Gaitame Finest and Rakuten Securities, which have relatively narrow spreads.

Features

This is a reverse scalping trade based on the concept of a steady and steady style. The maximum number of positions is one, and there is no need for any pinching. Both simple interest and compound interest can be used. The number of trades per day is approximately 3 times. This EA is a very common and simple method with my own arrangement. There is no "XX Theory" or "I don't know what it is, but it looks great! There is no such logic. I hope you will judge it after carefully examining the results of the back test and forward test.

Please note

When looking at the backtests of EAs, please pay particular attention to the "relative drawdown". When you look at the back test of EA, please pay attention to the "relative drawdown" in particular. For simple interest tests, it is sufficient to look at the maximum drawdown, but for compound interest tests, it is not very useful to look at the maximum drawdown. You need to look at the relative drawdown. In the case of a compound interest back test, even if the graph is gently rising and appears to show a stable profit, there may be a considerable drawdown lurking. Unfortunately, some of the top ranking EAs on fx-on had relative drawdowns of over 40%. I wonder if the people who purchased these EAs have checked the relative drawdowns. If they are using them without knowing it, it is very scary. The back-test was positive in the end, but I would not use an EA that has a drawdown of more than 40% of the fund at a certain point in time.

Preparations for using this EA

This EA is a high winning rate type with small profit and large loss, which is unique to scalping trading. It is what is called a "kotsukotsu dokan. This EA is recommended for those who can accumulate steady profits while enduring the losses of this booming part of the trade. If you are looking for an EA with small profit and small loss, please look for another EA. Also, if you are looking for an EA with a small profit and small loss (I doubt if such an EA will be useful in the first place), I do not recommend it. I think there are only two basic types of EAs: a small-loss, high-winning-margin type or a small-loss, low-winning-margin type. Whichever type you choose, you will accumulate more profit than loss, and it is your personal preference which type you choose. I think that EAs are designed to make trades faithfully by applying them to patterns that are likely to win. It is, so to speak, probability theory. As long as it is probability theory, this EA will always win! Please do not set the lot size beyond the allowable range with excessive expectations. The reason why I say this is because the most important thing when using this EA is risk management. I know it is obvious, but it is important to set the acceptable range of loss for the smackdown part. According to the back test results, the maximum drawdown was 30,000 yen with 0.1 lot. With 0.2 lots, it is doubled to 60,000 yen. Of course, if the EA makes a profit as expected, the assets will increase, and this drawdown will not be painful. However, no one knows when this drawdown will occur. The key to operating this EA is not how much profit you can make, but how much you can tolerate the drawdowns. Back test results from January 2012 to September 2017 Simple interest Lot=0.1

Compound interest risk=4

Backtest results from Jan 2007~Sep 2017 Simple interest Lot=0.1

Compound interest risk=4

In the above results, the maximum lot size of 10 was reached at the beginning of the trading session, so the result was almost always a simple interest Lot=10.

Compounding risk=4 Initial margin 50,000 yen Maximum lot size 20

Parameters

SL(10=1pips) TP(10=1pips) Allowable slippage (10=1pips) Allowable spread (10=1pips) Commission (10=1pips) Risk Type (Simple or Compound) Simple Lot Compound Risk (Lot value is determined so that the maximum loss per trade is N% of the account balance) Maximum Lot (Limit lot value to no more than this value) Comment Alert Enable/Disable Magic Number GMT_0~23(ON/OFF) Monday~Saturday(ON/OFF)

Q&A

What does SS mean in SS-system?: SS in SS-system means Steady Scalping.

How is the lot value calculated in compound interest mode?: The lot value is determined so that the maximum loss per trade is N% of the account balance.

Can I use GMT and spread if they match?

You can use the system if you have GMT winter time +2 and summer time +3 and low spreads.

I do not know the GMT and spreads of each broker, and I am concerned that if I do not limit the brokers, I will be inundated with inquiries asking, "Can I use it with XX Securities?" I was concerned that if I did not limit the brokers, I would be inundated with inquiries asking, "Can I use it with XX securities? For the sake of convenience, we have limited the brokers on the introduction page to Gaikaifu Finest and Rakuten Securities.

Can I use it with XX Securities?: Strictly speaking, any broker can be used as long as it has GMT Winter +2 and Summer +3 and low spreads, but it would be very helpful if you could do your own research if possible.

I am not sure if MT4 supports GMT Winter +2 and Daylight Savings +3.: The time on the horizontal axis of the chart and in the trading history of MT4 that supports GMT Winter Time +2 and Daylight Saving Time +3 is displayed as Japan Standard Time minus 7 hours (6 hours in Daylight Saving Time).

It is similar to HL Range Trading, but what are the differences?

The disadvantage of HL Range Trade is that it is a contrarian style of trading, so you cannot win if there is a continuous trend after you take a position.

SS-system_EURGBP was created through a trial-and-error process to see if HL range trading could somehow respond to trends.

SS-system_EURGBP is also a contrarian style, so it is still vulnerable to trends, but it is more flexible to trends than HL range trading.

We originally planned to make it an upgraded version of HL Range Trade, but while we were developing it, the logic became very different, so we decided to make it a new product.

While HL Range Trade can make more money when it fits the mold, SS-system_EURGBP is expected to be a more solid trade.

What would a backtest look like with a larger spread?

The backtest from January 2007~September 2017 with a spread of 1.5 pips and 2 pips and a simple interest of 0.1 lot yielded the following results.

The win rate is not much different, but the profit margin is quite severe and the profit drops significantly when the spread is 2 pips.

==== Spread 1.5 pips ==== Initial margin 1000000.00 Spread 15 Net profit 1161499.86 Gross profit 2960113.27 Total loss -1798613.41 Profit factor 1.65 Expected gain 159.42 Absolute drawdown 972.18 Maximum drawdown 39845.10 (2.59%) Relative drawdown 2.59% (39845.10) Total number of trades 7286 Winning percentage (%) 5584 (76.64%) Losing rate (%) 1702 (23.36%) Max. Winning trades -15175.97 Losing trades -19873.86 Average Winning trades 530.11 Lost trades -1056.76 Maximum Winning streak (value) 35 (21914.46) Losing streak (value) 5 (-4023.20) Max. Winning streak (trades) 37245.35 (28) Losing streak (trades) -20531.83 (2) Average Winning streak 4 Loss Streak 1 ==== Spread 2 pips ==== Initial margin 1000000.00 Spread 20 Net profit 598056.87 Gross profit 2540534.30 Total loss -1942477.43 Profit Factor 1.31 Expected gain 82.15 Absolute drawdown 1046.29 Maximum drawdown 86944.19 (6.29%) Relative drawdown 6.29% (86944.19) Total number of trades 7280 Winning percentage (%) 5375 (73.83%) Losing rate (%) 1905 (26.17%) Maximum Winning trades 15102.43 Lost trades -19951.44 Average Winning trades 472.66 Lost trades -1019.67 Maximum Winning streak (value) 35 (19283.95) Losing streak (value) 7 (-2362.37) Max. Winning streak (trades) 35129.84 (28) Losing streak (trades) -20684.29 (2) Average Winning streak 4 Loss Streak 1

Sales from : 10/31/2017 22:07

Purchased : 203 times

Price: $184.03 (taxed)

￥29,800(taxed)

Provider/Distributor:

Sales site:

GogoJungle Co., Ltd.

GogoJungle

●Payment

Forward Test

Back Test

Sales from : 10/31/2017 22:07

Purchased : 203 times

Price: $184.03 (taxed)

￥29,800(taxed)

Provider/Distributor:

Sales site:

GogoJungle Co., Ltd.

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)

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.

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.

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.

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.

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.

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

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.

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)

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

SS-system_EURGBP: EUR/GBP exchange rate for the SS system