Moving
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-39,329JPYProfit Factor
:
0.84Rate of return risk
?
:
-0.91Average Profit
:
561JPYAverage Loss
:
-649JPYBalance
?
:
960,671JPYRate of return (all periods) ?
:
-18.20%Win Rate
:
49.42%
(382/773)
Maximum Position
?
:
2Maximum Drawdown
?
:
19.77%
(43,202JPY)
Maximum Profit
:
2,168JPYMaximum Loss
:
-1,794JPYRecommended Margin
?
:
216,090JPYUnrealized 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]
[EUR/USD]
[GBP/USD]
Trading Style
[Scalping]
Maximum Number Position
1
Maximum Lot
10
Chart Time Frame
M1
Maximum Stop Loss
6
Take Profit
50
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
This version of Envelopes-EA has 7 level lines, 2 stochastic controls, EA auto stop function, and an entry standby function. The trend filter function is also available. The trend filter function also makes it possible to operate with a long-term moving average of 100. Entry standby function that forbids entry for a specified period when closing at a negative balance. EA can be completely stopped when the chart is set to stop losing money a specified number of times. The backtest data for 10 years with various moving averages from 2 to 100 on a 1-minute moving average shows a steady increase. The forward test is only for one chart setup with a moving average of 25. This version can also be used with multiple level lines to further increase the win rate and profit.
The chart settings as shown in the following blog will make it possible to set up an almost unbeatable setup.
https://blogs.yahoo.co.jp/v637088/36194135.html
The following data are all from previous versions.
● 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 per day or more per currency pair are possible even without nanpin support.
☆ EA Explanation
This EA is a scalping EA that uses 7 moving average levels, moving averages, 2 stochastics, and other unique logic for reverse scalping. It can also be used for forward trending push-buy return-sell in the trend direction. This version does not have a nanpin function. This is a method that utilizes the characteristics of the market, where the market deviates from the moving average but returns again. Basically, this method can be used with any currency pair of any time frame, but it is recommended to use 1-minute time frames with low spreads, such as USD/JPY EUR/USD/USD and GBP/USD. In the forward test, the parameters are set as default for the usual reverse side of the moving average logic, so you can use it as is. The recommended parameter settings for other moving averages are also explained in detail. 3 charts of one currency pair with one moving average can be set up for very stable profits.
The forward test is for one currency pair and one chart only, so the number of trades is small in daily operations and there is a strong tendency for drawdowns when indicators are announced. The number of charts is infinite, so the more charts you set up, the more profit you can get. We recommend using various 1-minute moving averages and level lines.
The logic of ultra-short-term trading is that if the price extends 10 to 50 pips from the opening price of the 1-minute candlestick, there is a high probability that a return of 2 to 5 pips will occur (up bounce, down bounce), and you can turn this into profit. The default parameter can handle divergences from 12 pips to 60 pips, but by setting up multiple charts with wider level lines during indicator announcements, the results will exceed the forward test results.
The default parameter can handle divergences of 12 to 60 pips, but it is possible to set up multiple charts with wider level lines for indicator releases, etc. to achieve better results than in the forward test. In the case of a buy entry, the opposite is true. The major difference between this method and the simple Bollinger Band inversion method is that the entry is controlled by Stochastics, and the angle and divergence can be clearly set in increments of o.1 pips for five lines according to the market price. When the market is in a strong trend that does not return through the lines or when the entry is settled on the outer line, the entry is not made on the inner line, which is safe. In the case of the Envelope, the standard deviation against the price cannot be set in detail, but the Moving Average level can be set in 0.1 pips increments.
The feature of this EA is that by setting multiple charts with high winning rate for one currency pair, it is possible to produce better results than in back and forward tests. The default parameter alone has a strong tendency to draw down when an indicator is announced. Also, in a range market with little movement, it is possible to increase the number of entries by changing the period of the moving average. The forward test on fxon shows that the ultra-short-term trading logic has a considerable margin of error compared to actual operations. The actual results are shown below. The default parameters are based on the usual operation with the ultra-short-term trading logic, but it is possible to operate with various moving average logics. When the market moves violently up and down, such as early Monday morning window trades or when an indicator is announced, it can be very profitable. The forward test was conducted using the OANNDA Japan domestic account, so we recommend that you use an overseas account except for daytime short-term trading logic because the spread filter will not allow you to enter the market at all when there are large profits such as late-night and early-morning window-filling trades. Therefore, it is recommended to use an overseas account except for short-term trading in the daytime. By changing the pararameters, you can use almost any currency pair, and the more currency pairs you set and the more charts you set, the more profit you can make. The more charts you set up, the more profit you can make. The number of combinations of parameters is almost unlimited.
The most recent 2.5-year backtest on the dollar-yen showed a PF of 4.94 [3 pips stop-loss by slightly changing the parameters]. When the market is not moving much, the ultra-short-term trading logic can be changed considerably by increasing the moving average by one. Even when entry accuracy is low, increasing the moving average value and widening the level line will increase the accuracy of entry. The higher the moving average value, the more accurate the entry and the smaller the error from the back test. In this case, the interval between the level lines should also be widened.
Backtest data with the moving average, which is the most recommended method for this EA, is shown below. The entry point is almost the same as the ultra-short-term trading logic, so you can aim for a larger profit. In a slow market, the number of entries is higher than in short-term trading, and the spread is not affected that much. There is almost no difference between the back test and the forward test. The spread is 1.5 pips and the PF is 2.13, which is a lower winning rate, but it is a recommended parameter. In the 7 years of back-testing, the 7 currency pairs have produced an average annual profit of 7,600 pips. It is possible to operate with almost all currency pairs, and in the current market, this moving average strategy seems to have a much better performance. We recommend you to use multiple moving average logics.
The operation of the ultra-short-term trading logic varies greatly depending on the specs of the PC and the operating environment of the vendor MT4. The same OANNDA Japan company also seems to have a very low number of trades and a very poor operating environment for fxon forwards. The actual operation is quite different from the one in which the same account parameters are used, and even with the same account parameters, there is often an error of about 2 pips when there is a fast movement. In the forward test, the actual performance is better, with only one negative trade in a 10-second winning streak in the actual operation. In actual operation, the EA can be made somewhat lighter by setting the debug mode to "false.
The EA will enter at the first level if the price extends to the third level but falters at the first level. The more detailed the first level is in the chart, the higher the winning rate will be. If the default setting is used, the same candlestick may be used for another entry, but if the candlestick changes, the entry is almost never made because the candlestick moves too quickly, resulting in a negative return, as in the forward test. The win rate will go up even with two positions.
The number of lots can be distributed by using multiple pairs with different level settings, which will enable you to make a stable profit. The stop loss setting is 5 pips in both forward and back test. I almost always win on charts with a stop-loss setting of 10 pips, but I set it to 5 pips to balance it with profit. If you want to cover the loss by nan-pinning, we recommend the version of 13,600 yen that has the function of nan-pinning both sides of a trade.
The parameters are adjusted to normal operation, so it is possible to reduce drawdowns like in the forward test by stopping the EA or setting multiple levels when an indicator is announced. When there are large movements such as at the time of an indicator announcement, there is a strong tendency to drawdown with only one parameter as usual. On the other hand, in a range market with little movement, it is possible to make more than 100 entries per day by setting more detailed parameters. By simply changing the moving average and level settings, it is possible to easily adjust the win rate and number of entries.
The following image shows the best trade for early morning window openings on Monday mornings. There seems to be a dedicated EA, but this EA has 5 level lines, so it is possible to enter from the optimal point.
★★★★Even in the case of starting from the window opening further out, the market often returns once to the starting point, so by setting multiple levels, entry is made on the more outer lines, so the total is almost always a positive balance.
In a range market, I have made a profit of more than 500 pips per day in five currency pairs by adjusting moving averages and level lines. By using the "nan-pin" method, we have been able to make even more profit.
The report below is for 1 minute of USD/JPY Eurodollar. 1Lot operation for 5 years has a maximum drawdown of 1.4% and PF of 1.8 The number of transactions has been very stable at 7400 times. The time from entry to settlement is about 1 minute. The upper and lower bounds of the candlestick are converted to profit. Although the win rate will be lower, it is possible to increase the number of entries by a factor of 5, and although the PF will be lower, the profit will be much higher.
The win rate is about 71%, but by running multiple EAs with different parameters, it is possible to increase the win rate even more. This EA can visually judge the entry point and find the best entry point by setting the indicator.
The spread is very important for ultra-short-term trading, and we recommend that you use a narrower spread. Please note that FXTF, a domestic account, does not allow short-term scalping. OANDA Japan Rakuten is recommended.
It is a very simple EA, but since the spread filter and trailing function can be set from 0.1 PIPS unit, it is possible to take r-profits even in a small range market.
The PDF file that explains the optimal parameters, the settings of the cheat, and the methods to increase the winning rate is attached to the product you purchased.
The following is a part of the actual performance from September 1 to 6, 2011. The actual performance is much better than the default parlour meter, but the trading environment also has a big influence on it. The best recommendation is that even beginners can easily adjust the number of entries and win rate, and the win rate can be further increased by setting up three charts. The default pararameter is 1-positive. The default parameter is 1-position operation.
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 for overseas accounts even in the early morning, so the average profit was 70 pips on all 30 charts of the pound sterling series, for a total profit of about 2,000 pips. Because the market moves quickly, trailing settlement is made at the tip of the upper whiskers. Since the market often moves widely before the market closes on the weekends, it is possible to make a considerable profit by setting up multiple charts with a wide spread. In the case of the domestic account in the forward test, the spread was 20 pips, which is too wide to open, so I did not enter the market. The chart on the right shows a return at the first level and an entry before the price extends to the third level, but the entry is successful until the third level because of the three-position operation and the deep stop loss. In the left and middle charts, I enter at the return touch of the next candle after the price has fully extended.
In such a clear downtrend, you can double your profit by entering the market on a chart with less divergence from the upper level line. Since moving averages are used, it is 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 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 long-term moving average of the Eurodollar, but if a clear uptrend can be seen in the relationship between the slope of the green long-term moving average and the short-term moving average, a level line can be set just below the light blue moving average to make a forward buy-and-hold entry. It is very convenient to save the chart in MT4's pair view in advance.
All data below are backtest data from the version with 3 level lines. Currently, we are upgrading to 5 level lines.
The backtest data for the Eurodollar ultra-short-term moving average 2, which is fixed at 2 LOT for 10 years, shows that 1 million yen is 69.5 million yen, which is more than 2.1 billion yen for a compound interest operation at 20 times leverage.
In actual operation, however, the number of entries will decrease due to contract rejection by firms and other factors.
● The 7-year backtest data for the operation with the USD/JPY ultra-short-term moving average of 2 shows a PF of 4.65.
Backtest data with a spread of 1.5 pips. Dollar Yen PF2.44 Euro Dollar
PF2.13 By adjusting the parameters, the number of trades is reduced, but PF and other parameters are increased.
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 less subject to error than in the back test. Although the number of trades is set to be small, it is much larger than other EAs, so we recommend using a domestic account with a low spread. Since it takes about 1 minute from entry to settlement, it cannot be used with FX TF, which prohibits short-term scalping. The number of entries for ultra-short-term trading logic varies greatly depending on the trading environment. For overseas accounts with a spread of 3 pips or more, it is necessary to change the parameters and widen the level to about twice as much. It is also possible to take a large profit at the time of an indicator announcement or other moving averages other than ultra-short-term trading, so it is a convenient EA to have because it can be used with other logics even in an overseas account with a wide spread. We also publish recommended parameter information and daily trading information on our blog, so please refer to it if you are a purchaser. https://blogs.yahoo.co.jp/v637088
● 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 per day or more per currency pair are possible even without nanpin support.
☆ EA Explanation
This EA is a scalping EA that uses 7 moving average levels, moving averages, 2 stochastics, and other unique logic for reverse scalping. It can also be used for forward trending push-buy return-sell in the trend direction. This version does not have a nanpin function. This is a method that utilizes the characteristics of the market, where the market deviates from the moving average but returns again. Basically, this method can be used with any currency pair of any time frame, but it is recommended to use 1-minute time frames with low spreads, such as USD/JPY EUR/USD/USD and GBP/USD. In the forward test, the parameters are set as default for the usual reverse side of the moving average logic, so you can use it as is. The recommended parameter settings for other moving averages are also explained in detail. 3 charts of one currency pair with one moving average can be set up for very stable profits.
The forward test is for one currency pair and one chart only, so the number of trades is small in daily operations and there is a strong tendency for drawdowns when indicators are announced. The number of charts is infinite, so the more charts you set up, the more profit you can get. We recommend using various 1-minute moving averages and level lines.
The logic of ultra-short-term trading is that if the price extends 10 to 50 pips from the opening price of the 1-minute candlestick, there is a high probability that a return of 2 to 5 pips will occur (up bounce, down bounce), and you can turn this into profit. The default parameter can handle divergences from 12 pips to 60 pips, but by setting up multiple charts with wider level lines during indicator announcements, the results will exceed the forward test results.
The default parameter can handle divergences of 12 to 60 pips, but it is possible to set up multiple charts with wider level lines for indicator releases, etc. to achieve better results than in the forward test. In the case of a buy entry, the opposite is true. The major difference between this method and the simple Bollinger Band inversion method is that the entry is controlled by Stochastics, and the angle and divergence can be clearly set in increments of o.1 pips for five lines according to the market price. When the market is in a strong trend that does not return through the lines or when the entry is settled on the outer line, the entry is not made on the inner line, which is safe. In the case of the Envelope, the standard deviation against the price cannot be set in detail, but the Moving Average level can be set in 0.1 pips increments.
The feature of this EA is that by setting multiple charts with high winning rate for one currency pair, it is possible to produce better results than in back and forward tests. The default parameter alone has a strong tendency to draw down when an indicator is announced. Also, in a range market with little movement, it is possible to increase the number of entries by changing the period of the moving average. The forward test on fxon shows that the ultra-short-term trading logic has a considerable margin of error compared to actual operations. The actual results are shown below. The default parameters are based on the usual operation with the ultra-short-term trading logic, but it is possible to operate with various moving average logics. When the market moves violently up and down, such as early Monday morning window trades or when an indicator is announced, it can be very profitable. The forward test was conducted using the OANNDA Japan domestic account, so we recommend that you use an overseas account except for daytime short-term trading logic because the spread filter will not allow you to enter the market at all when there are large profits such as late-night and early-morning window-filling trades. Therefore, it is recommended to use an overseas account except for short-term trading in the daytime. By changing the pararameters, you can use almost any currency pair, and the more currency pairs you set and the more charts you set, the more profit you can make. The more charts you set up, the more profit you can make. The number of combinations of parameters is almost unlimited.
The most recent 2.5-year backtest on the dollar-yen showed a PF of 4.94 [3 pips stop-loss by slightly changing the parameters]. When the market is not moving much, the ultra-short-term trading logic can be changed considerably by increasing the moving average by one. Even when entry accuracy is low, increasing the moving average value and widening the level line will increase the accuracy of entry. The higher the moving average value, the more accurate the entry and the smaller the error from the back test. In this case, the interval between the level lines should also be widened.
Backtest data with the moving average, which is the most recommended method for this EA, is shown below. The entry point is almost the same as the ultra-short-term trading logic, so you can aim for a larger profit. In a slow market, the number of entries is higher than in short-term trading, and the spread is not affected that much. There is almost no difference between the back test and the forward test. The spread is 1.5 pips and the PF is 2.13, which is a lower winning rate, but it is a recommended parameter. In the 7 years of back-testing, the 7 currency pairs have produced an average annual profit of 7,600 pips. It is possible to operate with almost all currency pairs, and in the current market, this moving average strategy seems to have a much better performance. We recommend you to use multiple moving average logics.
The operation of the ultra-short-term trading logic varies greatly depending on the specs of the PC and the operating environment of the vendor MT4. The same OANNDA Japan company also seems to have a very low number of trades and a very poor operating environment for fxon forwards. The actual operation is quite different from the one in which the same account parameters are used, and even with the same account parameters, there is often an error of about 2 pips when there is a fast movement. In the forward test, the actual performance is better, with only one negative trade in a 10-second winning streak in the actual operation. In actual operation, the EA can be made somewhat lighter by setting the debug mode to "false.
The EA will enter at the first level if the price extends to the third level but falters at the first level. The more detailed the first level is in the chart, the higher the winning rate will be. If the default setting is used, the same candlestick may be used for another entry, but if the candlestick changes, the entry is almost never made because the candlestick moves too quickly, resulting in a negative return, as in the forward test. The win rate will go up even with two positions.
The number of lots can be distributed by using multiple pairs with different level settings, which will enable you to make a stable profit. The stop loss setting is 5 pips in both forward and back test. I almost always win on charts with a stop-loss setting of 10 pips, but I set it to 5 pips to balance it with profit. If you want to cover the loss by nan-pinning, we recommend the version of 13,600 yen that has the function of nan-pinning both sides of a trade.
The parameters are adjusted to normal operation, so it is possible to reduce drawdowns like in the forward test by stopping the EA or setting multiple levels when an indicator is announced. When there are large movements such as at the time of an indicator announcement, there is a strong tendency to drawdown with only one parameter as usual. On the other hand, in a range market with little movement, it is possible to make more than 100 entries per day by setting more detailed parameters. By simply changing the moving average and level settings, it is possible to easily adjust the win rate and number of entries.
The following image shows the best trade for early morning window openings on Monday mornings. There seems to be a dedicated EA, but this EA has 5 level lines, so it is possible to enter from the optimal point.
★★★★Even in the case of starting from the window opening further out, the market often returns once to the starting point, so by setting multiple levels, entry is made on the more outer lines, so the total is almost always a positive balance.
In a range market, I have made a profit of more than 500 pips per day in five currency pairs by adjusting moving averages and level lines. By using the "nan-pin" method, we have been able to make even more profit.
The report below is for 1 minute of USD/JPY Eurodollar. 1Lot operation for 5 years has a maximum drawdown of 1.4% and PF of 1.8 The number of transactions has been very stable at 7400 times. The time from entry to settlement is about 1 minute. The upper and lower bounds of the candlestick are converted to profit. Although the win rate will be lower, it is possible to increase the number of entries by a factor of 5, and although the PF will be lower, the profit will be much higher.
The win rate is about 71%, but by running multiple EAs with different parameters, it is possible to increase the win rate even more. This EA can visually judge the entry point and find the best entry point by setting the indicator.
The spread is very important for ultra-short-term trading, and we recommend that you use a narrower spread. Please note that FXTF, a domestic account, does not allow short-term scalping. OANDA Japan Rakuten is recommended.
It is a very simple EA, but since the spread filter and trailing function can be set from 0.1 PIPS unit, it is possible to take r-profits even in a small range market.
The PDF file that explains the optimal parameters, the settings of the cheat, and the methods to increase the winning rate is attached to the product you purchased.
The following is a part of the actual performance from September 1 to 6, 2011. The actual performance is much better than the default parlour meter, but the trading environment also has a big influence on it. The best recommendation is that even beginners can easily adjust the number of entries and win rate, and the win rate can be further increased by setting up three charts. The default pararameter is 1-positive. The default parameter is 1-position operation.
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 for overseas accounts even in the early morning, so the average profit was 70 pips on all 30 charts of the pound sterling series, for a total profit of about 2,000 pips. Because the market moves quickly, trailing settlement is made at the tip of the upper whiskers. Since the market often moves widely before the market closes on the weekends, it is possible to make a considerable profit by setting up multiple charts with a wide spread. In the case of the domestic account in the forward test, the spread was 20 pips, which is too wide to open, so I did not enter the market. The chart on the right shows a return at the first level and an entry before the price extends to the third level, but the entry is successful until the third level because of the three-position operation and the deep stop loss. In the left and middle charts, I enter at the return touch of the next candle after the price has fully extended.
In such a clear downtrend, you can double your profit by entering the market on a chart with less divergence from the upper level line. Since moving averages are used, it is 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 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 long-term moving average of the Eurodollar, but if a clear uptrend can be seen in the relationship between the slope of the green long-term moving average and the short-term moving average, a level line can be set just below the light blue moving average to make a forward buy-and-hold entry. It is very convenient to save the chart in MT4's pair view in advance.
All data below are backtest data from the version with 3 level lines. Currently, we are upgrading to 5 level lines.
The backtest data for the Eurodollar ultra-short-term moving average 2, which is fixed at 2 LOT for 10 years, shows that 1 million yen is 69.5 million yen, which is more than 2.1 billion yen for a compound interest operation at 20 times leverage.
In actual operation, however, the number of entries will decrease due to contract rejection by firms and other factors.
● The 7-year backtest data for the operation with the USD/JPY ultra-short-term moving average of 2 shows a PF of 4.65.
Backtest data with a spread of 1.5 pips. Dollar Yen PF2.44 Euro Dollar
PF2.13 By adjusting the parameters, the number of trades is reduced, but PF and other parameters are increased.
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 less subject to error than in the back test. Although the number of trades is set to be small, it is much larger than other EAs, so we recommend using a domestic account with a low spread. Since it takes about 1 minute from entry to settlement, it cannot be used with FX TF, which prohibits short-term scalping. The number of entries for ultra-short-term trading logic varies greatly depending on the trading environment. For overseas accounts with a spread of 3 pips or more, it is necessary to change the parameters and widen the level to about twice as much. It is also possible to take a large profit at the time of an indicator announcement or other moving averages other than ultra-short-term trading, so it is a convenient EA to have because it can be used with other logics even in an overseas account with a wide spread. We also publish recommended parameter information and daily trading information on our blog, so please refer to it if you are a purchaser. https://blogs.yahoo.co.jp/v637088
Sales from
:
05/26/2018 03:08
Purchased
:
2
times
Price: $80.47 (taxed)
¥12,800(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 05/26/2018 03:08
Purchased
:
2
times
Price: $80.47 (taxed)
¥12,800(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
