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EA's forward test rankings for exhibitions are Updated here . Please take a look at it once. In addition, it is said that building a portfolio is essential in order to continue producing stable profits. Pick up a good-looking EA in the rankings This activity supports you to build a portfolio. The documents are available free of charge, so please check them out if you like.
A premium version with a compound interest feature debuts
The most popular currency pairs at the top of Gogo Jean's EA popularity rankings are the dollar yen, the euro dollar, and the pound dollar. It seems that one of the reasons is that there are many advantages in automatic trading with high liquidity and low spread, and it is easy to leave good results. On the other hand, when the currency pair is limited, there is a scene where the EA does not easily enter when the volatility of the currency pair becomes low. While it is EA's strength to carry out automatic trading according to the set conditions, in such a case, there is a problem that money efficiency is not good. "3 arrows" solve it. First, One EA can run three currency pairs . Next, disperse risk with rare currency pairs . Realize funding with frequent transactions in parallel. Fight with a sequenced strategy equipped with a trailing stop function that puts Japan at 22: 00-10: 00 on the main battlefield. Effective in combination with high winning percentage EA with few transactions. Also, the risk of each currency pair is limited to 100 pips per position and no complex parameter settings , even beginners can use it at ease.
About back test of each currency pair
● Euro yen
● Pound yen
● Australian dollar yen
With three EAs in the same account portfolio, you can expect an average of seven trades a week.
When operating in 1 lot in back test, the total period profit is 27,000,000 yen.
Realizing high profits from frequent transactions
Although 2018 is not over yet, until the last 2017, there are no years to lose if you make a portfolio of three currency pairs.
Forward test of each currency pair
Also in the forward test, high frequency transactions are realized as back test.
On points to keep in mind for EA
When back testing, be sure to set parameter 1 to false. Please refer to backtesting methods and backtesting usage data below. For real operation, please be sure to return to true.
If you want to run 3 currency pairs simultaneously in the same account, be sure to make the 2 parameter a different number. Because EA manages each position with the set number, it is because it should not be covered. For example, 20180508 (EURJPY), 20180509 (GBPJPY), 20180510 (AUDJPY), or two currency pairs may occur at the same time for two currency pairs, and a double currency account is assumed.
Want to add a new currency pair EA to your portfolio? Thank you for your consideration now.
● UseAutoTime (true)
Please set true in real. Adjustments of GMT are performed automatically regardless of the broker.
If back test, please set it to false.
Trading start and end time
March 01-October 31 (Summer Time) Japan Time Monday 8:00 am-Friday 20:00 am
November 01-February 28 (Winter time) Japan time Monday 9:00 am-Friday 21:00
Time zone in which each currency pair is entered among the opening and closing times (winter time is +1)
EURJPY (22: 00-11: 00)
GBPJPY (00-12 o'clock)
AUDJPY (22: 00-10: 00)
● Backtesting method (a single win movie, but the way is the same)
● The tool "Period_converter_ALL" is a tool for converting data that appears in videos, because there are many sites being introduced. Please search and obtain for yourself on the Internet.
● Data for back test can be obtained at the following URL.
FXDD MetaTrader's Historical Data
In order to simplify the parameters, back test is only supported by FXDD.
● Lots (0.3)
The number of order lots
● TP (30)
About profit taking.
● SL (100)
Loss cut.
● EAComment (3Y By CY)
If you are operating multiple EAs, you can determine which EA you have placed the position you are holding by putting appropriate comments. Setting is optional.
● MagicNumber (EUR: 20180508, GBP: 20180509, AUD: 20180510)
It is a magic number. Manage positions built from EA. Set an integer value other than 0. When operating multiple EAs, make sure that the magic numbers of each EA are different.
● MaxSlippage (3)
If slippage is above this value, no entry will be made. Unit Pips
● MaxSpread (3.0)
If the spread is above this value, no entry will be made. Unit Pips
● UseImpAnouStop (false)
If you choose true, you can prevent trading between key indicator announcements. If you do not use it, don't forget to set it to false.
● StopDayHourMinute ()
It works by using UseImpAnouStop. Position forced close when it is designated time. Multiple time zones can be registered, but the rules are as follows.
Day of the week / what hour and a minute start / what hour and a minute end N day of the week / what hour and a minute start / what hour and a minute end ... unlimited
※ For the day of the week, 0 = day 1 = month 2 = Tuesday 3 = water 4 = tree 5 = Friday 6 = Saturday
When setting multiple time zones, be sure to put N in the middle. All the time is PC time. It is not a broker's time. Also, when setting multiple time zones, be sure to enter the time in order of arrival.
Example 1:
Wednesday 11:15Do not trade between minutes and 12:20.
3/1115/1230
Example 2:
Do not trade between 9 am and 14 pm on Tuesday and Thursday.
2/0900 / 1400N 4/0900/1400
● OrderRetry (false) added from Ver1.4
When the spread suddenly spreads at the time of ordering and the limit value is exceeded, order failure occurs.
If there is a broker that invalidates the failed order, there is also a broker that immediately completes the order at the time that it is being stored. In the latter case, there is a risk that you will have multiple positions. We created this parameter to hedge that risk. If the default is false, ie if the order fails, no reordering will occur. The default settings are recommended. However, please note in advance that differences may occur between the forward test and the week in which the order has failed due to non-reordering.
● Due to the display area, only a part of EA manageable companies are displayed, but basically, if you have MT4, you can use this EA regardless of the broker. Please rest assured.
● As with all EAs, please understand that the result of the trade may be different even with the same broker due to the line status and spread.
● Be sure to put the EA into operation by Monday's market opening (with the Nico Chan Mark). There is no problem on Saturday or Sunday regardless of the day of the week. This work assumes that EA is stopped on Friday etc. to the last. You do not have to do anything if you are using VPS, etc. and the EA operation has not been stopped in the first place and the Nico Chan mark has been out for a long time.
● If you close MT4 and restart it, the positions held by this EA are settled. Also, please be aware that the EA may be stopped immediately before releasing the indicator, and then it may be entered immediately after resuming operation. Please use UseImpAnouStop if you do not want to have EA automatically buy and sell between index announcements.
● FAQ and version history etc. Blog .
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)
● Pound yen
● Australian dollar yen
With three EAs in the same account portfolio, you can expect an average of seven trades a week.
When operating in 1 lot in back test, the total period profit is 27,000,000 yen.
Realizing high profits from frequent transactions
Although 2018 is not over yet, until the last 2017, there are no years to lose if you make a portfolio of three currency pairs.
Want to add a new currency pair EA to your portfolio? Thank you for your consideration now.
