Pips miner EA EURAUD
Expert Advisors
MetaTrader 4
Sales from
8/14/2018
Last Updated At
4/6/2020
Version
10.0
My Profile
ねこ博士- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
56,071JPYProfit Factor
:
1.11Rate of return risk
?
:
0.56Average Profit
:
514JPYAverage Loss
:
-2,018JPYBalance
?
:
1,056,071JPYRate of return (all periods) ?
:
11.32%Win Rate
:
81.31%
(1362/1675)
Maximum Position
?
:
4Maximum Drawdown
?
:
16.63%
(100,316JPY)
Maximum Profit
:
3,588JPYMaximum Loss
:
-10,795JPYRecommended Margin
?
:
495,504JPYUnrealized P/L
:
0JPYDeposit
?
:
1,000,000JPYCurrency
:
JPY- Account
Operable Brokers
Usable with MT4-adopting brokers.
Real Performance
※Displays results including swaps and fees
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/AUD]
Trading Style
[Scalping]
Maximum Number Position
3
Maximum Lot
10
Chart Time Frame
M15
Maximum Stop Loss
100
Take Profit
8
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
~Pips_Miner_EA_EURAUD~.
<Background of development
We have been developing "Pips_Miner_EA_EURAUD" for a long time.
Since its release, "Pips_miner_EA" has been well received by our customers.
We have received requests from our clients to develop another EA "for other currency pairs".
Based on this request, we have developed
As a result of reviewing the currency pairs in which the "Pips_miner Logic" is likely to work, we have decided to develop a new EA for "EUR/AUD" as follows.
We have arrived at this "EUR/AUD" currency pair.
The EUR/AUD currency pair is a good candidate for the Pips_miner_EA's "Pound Sterling".
The currency pair "EUR/AUD" is as unique as or even more unique than "Pound Dollar" in Pips_miner_EA.
In fact, it often has more characteristic price movements than the "Pound Dollar" in Pips_miner_EA.
Therefore, when the EA is run, it has been found to be very profitable.
Therefore, we have completed this EA "Pips_miner_EA_EURAUD".
<Test results with different spreads
First of all
To give you an idea of the high performance of this EA
In addition to the "Spread = 15" in the backtest tab, we have also included the results of the test with "Spread = 25" and "Spread = 35".
I would like to show you the results of the test with "Spread=25" and "Spread=35" in addition to "Spread=15" in the backtest tab.
In addition to the "Spread = 15" in the backtest tab, we would like to show you the test results with "Spread = 25" and "Spread = 35.
<Spread=15
<Spread 25
<Spread 35
As stated above.
Not only with the "spread = 15" test, but also with the "spread = 25" and "spread = 35" tests.
spread=25" and "spread=35" as well as "spread=15", as shown above.
This is a good indication that the spread is steadily increasing.
This means that the system can be used by both domestic and foreign brokers.
We believe that this system can be used by both domestic and foreign brokers.
("Spread=15" means a spread of 1.5 pips.)
As for [EUR/AUD], we believe that it can be used by both domestic and international traders.
For domestic traders, the spread is around 1.5 to 2.5 pips, and for overseas traders, the spread is 2.5 pips.
For overseas traders, the spread is around 2.0 to 3.5 pips.
I think the spread is around 2.0 to 3.5 pips for foreign firms.
Naturally
Naturally, the spread should be
Naturally, the narrower the spread, the better.
We recommend that you use a firm with a narrow EUR/AUD spread.
We recommend that you use a firm with a narrow EUR/AUD spread.
＜The spread of this EA during the entry period
The entry time for this EA (21:30-23:45 server time) is from 3:30-5:45 Japan time.
The entry time for this EA (21:30-23:45 server time) is from 3:30 to 5:45 Japan time.
This is the time when the spread tends to be relatively stable (small).
This is a characteristic of our system.
Therefore, you can "enter the market in a more advantageous position," and
This is a characteristic that makes it possible to enter the market in a more advantageous condition, which in turn makes it easier to increase profitability.
(*In some cases, the forward results may be better than the back test.
(*In some cases, the forward results may be better than the back test.
Please refer to the "Forward Test" of this EA for more information about the profit situation in actual operation.
Please refer to the "Forward Test" tab of this EA.
(As of October 2019, I think the PF is around 4.0)
＜For more information on how to increase the entry frequency, please refer to the following
This EA has achieved "about 4200 trades" in the back test from 2005 to 2019.
This EA has achieved "about 4200 trades" in the back-test from 2005 to 2019.
Considering the high entry accuracy of this EA
We believe that the frequency of trades is at a sufficient level.
This time, we would like to explain how to set up this EA for "even higher frequency trading".
However, we would like to explain how to set it up in case you would like to make it a "higher frequency trading EA".
＜Method 1: Expand trading hours
As mentioned above.
As mentioned above, the default trading hours for this EA are from 21:30 to 23:45 between servers.
The default entry time for this EA is "21:30-23:45 between servers".
By adjusting (widening) this, it is possible to further increase the entry frequency.
For example, if you change the entry time from 21:30 to 20:30
(This is not too drastic.) The frequency of trades can be increased by widening the entry time.
(We recommend that you do not make too drastic a change here.)
The results of the optimization test for changing the "entry start time" are shown below.
The results of the optimization test are as follows.
＜Method 2: Adjust the boost value.
In this EA, the "boost value" can be set as a parameter to adjust the trade frequency.
This EA has a parameter called "boost value" that can be set to adjust the frequency of trades.
Adjust this parameter so that trades become more frequent.
Below are the changes in performance when boost1 and boost2 are adjusted.
The following chart shows the change in performance when boost1 and boost2 are adjusted
The following table shows the change in performance when boost1 and boost2 are adjusted respectively.
<(1) Results of optimization test in which boost1 was changed between -30 and -10.
From the results here
By setting "boost1=-30,"
The results show that "boost1 = -30" is 1.5 times more frequent and 1.3 times more profitable than the default value of "boost1 = -16.
The frequency of trades is 1.5 times higher and the profit is 1.3 times higher than the default value of "boost1=-16".
I think you can see the difference.
<(2)The result of the optimization test in which "boost2" was varied between "-6 and 10".
From the results here
By setting "boost2=-6,"
The results show that by setting "boost2=-6", the frequency of trades is 1.5 times higher than the default "boost2=-8".
The frequency of trades is 1.5 times higher and the profit is 1.2 times higher than the default value of "boost2=-8".
I think you can see the difference.
Then, based on the results of (1) and (2) above
The results of the backtest are as follows.
The results of the back test are as follows.
As described above.
earnings] and [number of trades], compared to the default settings.
and the number of trades have increased
and the number of trades have increased significantly
I hope you can understand this.
The above results are based on
The above is the result of the "Spread 15" setting.
The above results are mainly optimized results for domestic traders.
Therefore
For overseas firms, please set the spread to 25 and perform the same optimization test as above.
If you perform the same "optimization test" as above, you will be able to obtain the optimal "boost1, boost2, boost3, and boost4" results.
We believe that you will be able to grasp the optimal "boost1 and boost2" setting values.
<Example of operation by an overseas vendor
The following is an example of Titan FX.
In this image, the
You can see that the arrow shows a "sell trade" on 10/24.
The arrow shows a "sell trade" on 10/24.
Also, if you look at the "Spread" column in the upper left corner, you will see that the "Spread_Now = 2.4".
Spread_Now=2.4", which means that the spread is 2.4 pips.
Spread_Now = 2.4", which means that the spread is 2.4 pips.
This indicates that this EA can be used without any particular problem.
For [EUR/AUD], please refer to the following table.
Some brokers may offer a wider spread than others.
Please check the spread with your broker before using this service.
(*If the spread between 3:00 am and 5:00 am is less than 3.5 pips
(*If the spread between 3:00 am and 5:00 am is less than 3.5 pips, you should be able to operate without any problem.)
<Summary
The above is a summary of this EA.
Pips_miner_EA" which was developed for GBP/USD.
This EA is tuned for EUR/AUD.
This EA is a combination of the stable logic of the "Pips_miner_EA" and the EUR/AUD, which is the most popular currency pair in the GBP/USD market.
EUR/AUD, a currency that is even more prone to characteristic price movements than the pound dollar.
The EA is tuned for EUR/AUD, a currency pair whose price movements are even more characteristic than those of the pound dollar.
It is our feeling that it is natural that it has a high possibility to work.
In addition, not only "GBP/USD" of Pips_miner_EA, but also "EUR/AUD" of Pips_miner_EA can be applied to "GBP/USD" as well.
EUR/AUD", you can get a portfolio effect, which will further enhance your trading opportunities and profitability.
This will further enhance your trading opportunities and profitability, and stabilize your profits.
We believe that this will further enhance our trading opportunities and profitability, and stabilize our earnings.
(*Other notes)
This EA is designed to
Spread_Limit=2.5
Spread_Limit=2.5
Spread_Limit_close=2.5
Please adjust the two parameters "Spread_Limit=2.5" and "Spread_Limit_close=2.5" accordingly.
(*For example, if the real spread is about 3.0 pips at around 3:00 am, you should adjust the above two parameters to "3.0 pips".
If you set the above two parameters to "3.5", the entry will be smoother.
(For example, if the real spread is around 3.0 pips around 3:00 a.m., setting the above two parameters to 3.5 would make entry smoother.)
Dr. Cat
<Spread 25
<Spread 35
As stated above.
Not only with the "spread = 15" test, but also with the "spread = 25" and "spread = 35" tests.
spread=25" and "spread=35" as well as "spread=15", as shown above.
This is a good indication that the spread is steadily increasing.
This means that the system can be used by both domestic and foreign brokers.
We believe that this system can be used by both domestic and foreign brokers.
("Spread=15" means a spread of 1.5 pips.)
As for [EUR/AUD], we believe that it can be used by both domestic and international traders.
For domestic traders, the spread is around 1.5 to 2.5 pips, and for overseas traders, the spread is 2.5 pips.
For overseas traders, the spread is around 2.0 to 3.5 pips.
I think the spread is around 2.0 to 3.5 pips for foreign firms.
Naturally
Naturally, the spread should be
Naturally, the narrower the spread, the better.
We recommend that you use a firm with a narrow EUR/AUD spread.
We recommend that you use a firm with a narrow EUR/AUD spread.
＜The spread of this EA during the entry period
The entry time for this EA (21:30-23:45 server time) is from 3:30-5:45 Japan time.
The entry time for this EA (21:30-23:45 server time) is from 3:30 to 5:45 Japan time.
This is the time when the spread tends to be relatively stable (small).
This is a characteristic of our system.
Therefore, you can "enter the market in a more advantageous position," and
This is a characteristic that makes it possible to enter the market in a more advantageous condition, which in turn makes it easier to increase profitability.
(*In some cases, the forward results may be better than the back test.
(*In some cases, the forward results may be better than the back test.
Please refer to the "Forward Test" of this EA for more information about the profit situation in actual operation.
Please refer to the "Forward Test" tab of this EA.
(As of October 2019, I think the PF is around 4.0)
＜For more information on how to increase the entry frequency, please refer to the following
This EA has achieved "about 4200 trades" in the back test from 2005 to 2019.
This EA has achieved "about 4200 trades" in the back-test from 2005 to 2019.
Considering the high entry accuracy of this EA
We believe that the frequency of trades is at a sufficient level.
This time, we would like to explain how to set up this EA for "even higher frequency trading".
However, we would like to explain how to set it up in case you would like to make it a "higher frequency trading EA".
＜Method 1: Expand trading hours
As mentioned above.
As mentioned above, the default trading hours for this EA are from 21:30 to 23:45 between servers.
The default entry time for this EA is "21:30-23:45 between servers".
By adjusting (widening) this, it is possible to further increase the entry frequency.
For example, if you change the entry time from 21:30 to 20:30
(This is not too drastic.) The frequency of trades can be increased by widening the entry time.
(We recommend that you do not make too drastic a change here.)
The results of the optimization test for changing the "entry start time" are shown below.
The results of the optimization test are as follows.
＜Method 2: Adjust the boost value.
In this EA, the "boost value" can be set as a parameter to adjust the trade frequency.
This EA has a parameter called "boost value" that can be set to adjust the frequency of trades.
Adjust this parameter so that trades become more frequent.
Below are the changes in performance when boost1 and boost2 are adjusted.
The following chart shows the change in performance when boost1 and boost2 are adjusted
The following table shows the change in performance when boost1 and boost2 are adjusted respectively.
<(1) Results of optimization test in which boost1 was changed between -30 and -10.
From the results here
By setting "boost1=-30,"
The results show that "boost1 = -30" is 1.5 times more frequent and 1.3 times more profitable than the default value of "boost1 = -16.
The frequency of trades is 1.5 times higher and the profit is 1.3 times higher than the default value of "boost1=-16".
I think you can see the difference.
<(2)The result of the optimization test in which "boost2" was varied between "-6 and 10".
From the results here
By setting "boost2=-6,"
The results show that by setting "boost2=-6", the frequency of trades is 1.5 times higher than the default "boost2=-8".
The frequency of trades is 1.5 times higher and the profit is 1.2 times higher than the default value of "boost2=-8".
I think you can see the difference.
Then, based on the results of (1) and (2) above
The results of the backtest are as follows.
The results of the back test are as follows.
As described above.
earnings] and [number of trades], compared to the default settings.
and the number of trades have increased
and the number of trades have increased significantly
I hope you can understand this.
The above results are based on
The above is the result of the "Spread 15" setting.
The above results are mainly optimized results for domestic traders.
Therefore
For overseas firms, please set the spread to 25 and perform the same optimization test as above.
If you perform the same "optimization test" as above, you will be able to obtain the optimal "boost1, boost2, boost3, and boost4" results.
We believe that you will be able to grasp the optimal "boost1 and boost2" setting values.
<Example of operation by an overseas vendor
The following is an example of Titan FX.
In this image, the
You can see that the arrow shows a "sell trade" on 10/24.
The arrow shows a "sell trade" on 10/24.
Also, if you look at the "Spread" column in the upper left corner, you will see that the "Spread_Now = 2.4".
Spread_Now=2.4", which means that the spread is 2.4 pips.
Spread_Now = 2.4", which means that the spread is 2.4 pips.
This indicates that this EA can be used without any particular problem.
For [EUR/AUD], please refer to the following table.
Some brokers may offer a wider spread than others.
Please check the spread with your broker before using this service.
(*If the spread between 3:00 am and 5:00 am is less than 3.5 pips
(*If the spread between 3:00 am and 5:00 am is less than 3.5 pips, you should be able to operate without any problem.)
<Summary
The above is a summary of this EA.
Pips_miner_EA" which was developed for GBP/USD.
This EA is tuned for EUR/AUD.
This EA is a combination of the stable logic of the "Pips_miner_EA" and the EUR/AUD, which is the most popular currency pair in the GBP/USD market.
EUR/AUD, a currency that is even more prone to characteristic price movements than the pound dollar.
The EA is tuned for EUR/AUD, a currency pair whose price movements are even more characteristic than those of the pound dollar.
It is our feeling that it is natural that it has a high possibility to work.
In addition, not only "GBP/USD" of Pips_miner_EA, but also "EUR/AUD" of Pips_miner_EA can be applied to "GBP/USD" as well.
EUR/AUD", you can get a portfolio effect, which will further enhance your trading opportunities and profitability.
This will further enhance your trading opportunities and profitability, and stabilize your profits.
We believe that this will further enhance our trading opportunities and profitability, and stabilize our earnings.
(*Other notes)
This EA is designed to
Spread_Limit=2.5
Spread_Limit=2.5
Spread_Limit_close=2.5
Please adjust the two parameters "Spread_Limit=2.5" and "Spread_Limit_close=2.5" accordingly.
(*For example, if the real spread is about 3.0 pips at around 3:00 am, you should adjust the above two parameters to "3.0 pips".
If you set the above two parameters to "3.5", the entry will be smoother.
(For example, if the real spread is around 3.0 pips around 3:00 a.m., setting the above two parameters to 3.5 would make entry smoother.)
Dr. Cat Sales from
:
08/14/2018 03:16
Purchased
:
598
times
Price: $154.39 (taxed)
￥25,000(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 08/14/2018 03:16
Purchased
:
598
times
Price: $154.39 (taxed)
￥25,000(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