I'm on a roll
Expert Advisors
MetaTrader 4
Sales from
11/28/2018
Last Updated At
10/23/2019
Version
1.35g
My Profile
れいに- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-144,061JPYProfit Factor
:
0.97Rate of return risk
?
:
-0.43Average Profit
:
1,201JPYAverage Loss
:
-4,011JPYBalance
?
:
855,939JPYRate of return (all periods) ?
:
-13.59%Win Rate
:
76.37%
(3299/4320)
Maximum Position
?
:
6Maximum Drawdown
?
:
27.57%
(335,727JPY)
Maximum Profit
:
7,050JPYMaximum Loss
:
-13,090JPYRecommended Margin
?
:
1,059,750JPYUnrealized P/L
:
0JPYDeposit
?
:
1,000,000JPYCurrency
:
JPY- Account
Operable Brokers
Usable with MT4-adopting brokers.
Forward testing (Profit)
Product Statistics
Product Comments
Monthly Statistics
2026
2025
2024
2023
2022
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
Currency Pairs
[USD/JPY]
[GBP/USD]
[EUR/USD]
Trading Style
[Scalping]
Maximum Number Position
1
Maximum Lot
100
Chart Time Frame
M5
Maximum Stop Loss
90
Take Profit
9
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
■Outline
Momentum Ride" is a scalping EA that works with three currency pairs, USDJPY, EURUSD, and GBPUSD.
It uses a simple logic to enter the market in a short-term reverse direction during a long-term trend.
By operating with a single position and entering at a small SL value after confirming the wave motion, the EA achieves low drawdowns.
■Notices
2019.10.22
Two types of time limit functions were added in the v1.35g version update.
(No other changes to logic, etc.).
One is the Daily Filter, which suppresses entries at the same time each day and will not make entries within the specified time.
The other is the Economic Indicator Filter, which now includes a day of the week option. The days of the week are Monday: 1, Tuesday: 2... Friday: 5
and specify the day of the week.
Example: If you want to stop from 14:00 to 18:00 on Friday, specify
w1NoTradeFrom : 5:14:00
w1NoTradeUntil : 5:18:00
Note: All times are server time.
2019.7.22
In v1.34g version update, it is now possible to set the time for weekend settlement.
If the settlement time is set to more than 24, the weekend settlement will not take place and will be carried over to the weekend.
The same ".set file" has no trailing stop and is a weekend carryover (no weekend settlement), so you can set the settlement time to 24 or more.
Please confirm the contents by backtesting and use it only after you are satisfied with the results.
Forwards will be set with no trailing stop and weekend carry-over.
Default TP value for GBPUSD has been changed to 15.
2019.6.14
In v1.33g version upgrade, trailing stops will be enabled only when the offset value is greater than the stop level.
This is because the trailing stop will not work if the offset value is less than the stop level.
Note: Brokers with a high stop level should be careful when using the trailing stop function.
The same .set file cannot be used for brokers with large stop levels.
Features
This is a scalping EA that can be used with 3 currency pairs, USDJPY, EURUSD, and GBPUSD, using the same logic.
The EA can be operated with 3 currency pairs, so you can get a portfolio effect by operating it at the same time.
The EA has a high winning rate of more than 75% for all currency pairs.
Simple logic using MACD, moving averages, RSI, and ADX.
It uses fixed TPs (9-15 pips depending on the currency pair) to make steady profits.
By entering at a small SL price after confirming the wave motion, we are able to achieve low drawdowns.
We avoid large drawdowns by using a single position.
We do not use "nan-pinning" or "martingales".
We do not enter at times when each currency pair is not good at trading.
Entry control time can be set on Fridays.
You can set the time to close positions on Friday weekends. If set to 24 or more, weekend closing will not take place.
The entry time is set after the bar is fixed, so there is little deviation from the forward time.
The broker with the smallest spread is recommended since the trader will be targeting small profit margins of 9 to 15 pips.
The addition of a trailing stop function allows for a wider range of settings.
Back Test Results
All currency pairs have a high winning rate of around 80% in a 14-year long-term back test.
The results of three currency pairs operated simultaneously are also shown behind each currency pair.
This is a back test using TDS with variable spreads.
[USDJPY USDJPY].
[EURUSD]
[Pound Sterling GBPUSD]
[When three currency pairs are operated simultaneously]
The three currency pairs are expected to complement each other to create a portfolio effect and increase profits.
Note: In the table below, "$" is replaced by "¥" in currency units.
■ Restrictions
Please note that the results of this EA are intended for operation with brokers whose time settings are GMT+2/+3.
■Currency Pair Settings
* One currency pair can be set for one chart.
* Please set the EA on the chart of one of the currency pairs, USDJPY, EURUSD, or GBPUSD.
* Only the currency pair on the chart you set will be traded.
* The magic number and profit margin of the currency pair on the chart you set will be applied.
■ Explanation of parameters
* Magic Number (Note 1) The following numbers are used for each currency pair used.
Please be careful not to duplicate the numbers of other EAs.
MAGIC_USDJPY = 20181031 : for USDJPY
MAGIC_EURUSD = 20181032 : for EURUSD
MAGIC_GBPUSD = 20181033 : for GBPUSD
* Order related (Note 2)
MoneyManagement = false: Compound interest function.
True (Compound interest), false (Fixed Lot ⇒ Entry will be made with the number of LotS in Note_22)
MM_Mode = Balance : Balance (account balance), FreeMargin (excess margin) Selects the source for calculating the number of lots.
input_RiskPct : Calculates the percentage of loss at SL against the underlying when calculating the number of lots.
LotS = 0.1 : Number of lots at simple interest
gSlippage = 2 : Slippage in pips allowed
gMaxSpread = 20: Maximum spread allowed (in points)
input_SL = 90 : Maximum stop loss in pips
input_TP_USDJPY = 9 : Margin of gain for USDJPY (pips) Unit
input_TP_EURUSD = 10 : Gain (pips) unit for EURUSD
input_TP_GBPUSD = 15 : GBPUSD Interest Limit (pips) Unit
Trail = false : Trailing stop function.
true (Yes => The following 3 parameters are used for trailing stops.) Trail = false: Trailing stop function.
TL_StartPips = 4 : Trailing stop start pips. The trailing stop is initiated when unrealized profit of the specified pips is generated.
TL_OffSet = 1 : Trailing stop width (pips). Sets the SL from the current price to the trailing stop width.
TL_interval = 30 : Trailing stop activation interval in seconds. The trailing stop will be triggered at the set interval in seconds.
Note: Setting too short a time may result in an increase in the number of orders, which may cause the broker to clam up.
* Time related (Note 31)
gNoTradeFrom = 21: Friday, no entry after this time. (Server time)
gNoTradeUntil = 24: Friday, no entry before this time (server time) (server time) gNoTradeUntil = 24
* Weekend-related (Note 33)
Weekend_Close = 25: Friday, all positions will be closed after this time. (Server time)
Note: If a number greater than 24 is specified, the position will not be closed and will be carried over to the weekend.
Please note that the default is no weekend settlement.
* Year-end related (Note 33)
gYearEndFrom = 25 : The number of days in December on which trading should be halted. If the default is 25, no transactions will be made during the year after December 25. (If no stop, enter an integer greater than or equal to 32.)
* Daily Time Control (Note 34)
d1NoTradeFrom = 25:00: No entries will be made after this time each day. (Server time)
d1NoTradeUntil = 25:59: No entries will be made before this time each day. (Server time) d1NoTradeUntil = 25:59
* Weekly time control (Note 35)
w1NoTradeFrom = 6:00:00: No entry after this time on the specified day of the week. (Server time)
w1NoTradeUntil = 6:00:59: No entry before this time on the specified day of the week. (Server time) w1NoTradeUntil = 6:00:59
* Evacuate mode related (Note 5)
Evacuate_Mode = true: withdrawal mode. true (yes), false (no)
gEvacuateStartPipsJE = -25: For USDJPY and EURUSD, withdrawal start position (pips) unit. Exercise the withdrawal logic when the specified number of pips away from the entry is reached.
gEvacuateStartPipsG = 5: For GBPUSD, withdrawal start position (pips) unit. Exercise the withdrawal logic when the specified number of pips is lost from the entry.
Note: A negative value means that the withdrawal logic is triggered in case of a loss, while a positive setting means that it is triggered even if there is a profit.
gEvacuateTimeAfterJE = 19 : For USDJPY and EURUSD Withdrawal start time (server time) unit. Exercise the withdrawal logic after the specified server time.
gEvacuateTimeAfterG = 15: For GBPUSD Withdrawal start elapsed time (in server time). Exercise the withdrawal logic after the specified server time.
gEvacuateStartHourJ = 3: For USDJPY, withdrawal start elapsed time (in hours). Exercise the withdrawal logic after the specified seconds from the entry.
gEvacuateStartHourE = 5 : For EURUSD Withdrawal start elapsed time (in hours). The withdrawal logic is exercised after the specified seconds from entry.
* Comments
Comments = "Ikioi v1.35g " : Name of EA
Author's Blog
I am writing about EA operation.
https://rmtfxbotter.hatenablog.com/
Update information
v1.00 Initial version
v1.10g Added year-end suspension setting (date changeable)
v1.20g Added compound interest function, removed lot number display on the upper left of the chart screen, suppressed entry of USD/JPY at midnight
v1.30g Added withdrawal mode, fixed value for weekend entry control can now be changed.
v1.32g Added trailing stop function, changed withdrawal start elapsed time from seconds to hours in withdrawal mode.
v1.33g The trailing stop function is now disabled when the TL_Offset value is less than the broker's stop level.
v1.34g Added the ability to set the time for weekend settlement.
v1.35g Added a time control setting.
Sales from
:
11/28/2018 22:11
Purchased
:
551
times
Price: $136.01 (taxed)
¥22,000(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 11/28/2018 22:11
Purchased
:
551
times
Price: $136.01 (taxed)
¥22,000(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
