Angel Heart Lono
Expert Advisors
MetaTrader 4
Sales from
12/17/2018
Last Updated At
9/16/2019
Version
8
My Profile
エンジェル- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-194,568JPYProfit Factor
:
0.98Rate of return risk
?
:
-0.53Average Profit
:
1,595JPYAverage Loss
:
-3,607JPYBalance
?
:
805,432JPYRate of return (all periods) ?
:
-20.98%Win Rate
:
68.84%
(3626/5267)
Maximum Position
?
:
3Maximum Drawdown
?
:
37.88%
(366,615JPY)
Maximum Profit
:
11,400JPYMaximum Loss
:
-10,880JPYRecommended Margin
?
:
927,554JPYUnrealized 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]
Trading Style
[Scalping]
[Day Trading]
Maximum Number Position
3
Maximum Lot
50
Chart Time Frame
M15
Maximum Stop Loss
100
Take Profit
20
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
Notice
Regarding pricing...Angel Heart Lono is the top of the line version of the Angel series, so the current pricing is unbelievable.
Originally, a price higher than Angel Heart USDJPY and ANGEL PREMIUM RICH is appropriate.
Currently, we are offering the price listed as a limited time offer due to the short forward period.
Please note that we will consider raising the price if the number of purchasers exceeds a certain number for a certain period of time.
Angel Heart Lono Verification article
Various verification articles have been coming out one after another from users.
We are pleased to present the following.
It has also passed reliable and rigorous third-party testing.
EA Squid-sama Angel Heart Lono Verification ← Back-tested for a whopping 30 years!
Article by Alpaca FX
It is verified from various viewpoints.
Dear Freeze and FX
EAs are chosen by people, not by Lono's verification, but please refer to it.
This is my favorite blog.
Real account open to the public
Please refer to the following
https://fx-on.com/account/detail/index.php?i=42221&p=1
Regarding bad ratings
We take bad evaluations very seriously.
We have countermeasures against bad evaluations, and we will inform you of them here.
(However, if we do not know the reason for the bad review, it is impossible to take action.)
＞We are weak in the index, so we have put it in storage.
We apologize for not meeting your expectations.
The bottom of this page [A wide variety of functions come standard. High customizability for advanced users.
As mentioned in the "High Custom Performance for Advanced Users" section, setting a higher value for Wave_Level will reduce the frequency of entries, but it will also reduce the number of times the entry frequency is increased.
However, it is possible to make it very strong against sudden changes in the market, such as market indicators.
If it is impossible to stop the EA during important indicators, we recommend using Wave_Level = 3.
It is not an EA that I alone use, so I have given it flexibility in consideration of its users.
I believe that the EA should be used by all traders, not just me, and that it should not rely on SL.
In FX, stop-loss is the most important. In order to survive, losses should be minimized, and losses should be cut without sticking to SL.
The winning rate must be high.
Winning rate is important for mental issues.
Angel Heart Lono has a win rate of approximately 70%. It is mentally friendly.
High spread tolerance.
Spread tolerance is important because there are various disadvantageous factors in a real account.
The difference between average winning pips and average losing pips should be small.
Don't you want to make up for one loss quickly with two or three wins?
At Angel Heart Lono, the average winning pips to losing pips ratio is about 1:2.
The average winning pips should also be reasonably high (10 pips or more is ideal).
The spread tolerance is not the only factor that determines whether or not an account can be used for overseas accounts.
If the average pips won is small, the ratio of commission to profit will be high, and the overseas account will not perform well.
(This is commonly referred to as commission loss.)
Angel Heart Lono has about 14 pips, which is an excellent value.
[High number of trades.
The number of trades must be high to be interesting.
Angel Heart Lono is an EA with a very high number of trades.
The EA should have no deviation from the official forwards. It should work as back-tested.
This is also important. The reliability of the back-test results will be questioned.
The Angel Series is confident in this point.
Although the delivery rate differs from broker to broker, and deviations may not occur at all, we are confident that the Angel series will be able to provide the best results.
However, there is no fixed forward rate that is better than the other.
[If after taking a position it goes even worse, I want you to take an additional position to lower the average acquisition price.
A moderate level of pick-and-pin techniques can be effective if used well.
[Different users have different ways of thinking. Flexibility is necessary because market habits change.
I prefer one position! We can accommodate!
I don't like the tick action... Can be changed to the action when the foot is fixed!
I want to stop bad logic! Yes, we can!
I don't want internal settlement, I want to play until TP! We can handle it!
In the products I have exhibited so far, I have not been of the mindset that 'this one is better, so I won't support that one,' but rather, 'I think this one is better, but if it doesn't interfere with the underlying logic, let's support it.
I have incorporated these requests into Lono, and the result is a very flexible EA.
Thank you very much for the many requests we have received.
The
Net Profit ($), Max DD ($), RF】[Net Profit ($), Max DD ($), RF
Angel Heart Lono has the highest net profit among the Angel series.
As for the maximum DD, the maximum DD tends to increase as the number of positions increases, but
Angel Heart Lono keeps the maximum DD as low as that of ANGEL PREMIUM RICH.
Therefore, the Recovery Factor (RF), which indicates the real profitability, is also the highest in the series.
It is an excellent value that is second to no other EA.
Number of trades per year (times) and PF
Angel Heart Lono has the highest number of trades per year in the Angel series.
The trades are aggressive, and users are never bored.
PF may seem small at 1.24, but PF becomes smaller as the number of trades increases
The PF tends to become smaller as the number of trades increases, so the PF value is comparable to the other series for a large number of trades.
I think it can be evaluated.
The idea that the backtest should be 5 points because the actual spread is 5 points is
I think it is a mistake to think that the backtest should be 5 points because the actual spread is 5 points, when in fact the spread may be wide or slippage may occur.
In reality, there are many factors that can be detrimental, such as spread widening, slippage, negative swap, and so on.
You have to backtest with wider spreads to take such disadvantageous factors into account.
Angel Heart Lono has cleared the right side of the curve even with a relatively tight 15-point spread.
Therefore, it can be used with brokers with wide spreads and overseas accounts without any problem.
Angel Heart Lono has a moderate win rate of approximately 70%, which reduces the number of consecutive losses, and the difference between the average amount of money won and the average amount of money lost is only about 0.1% of the average amount of money lost.
The difference between the average winning amount and the average losing amount is small, so even if it loses, it recovers relatively early coupled with aggressive trading.
Because we consider stop-losses to be extremely important, we have implemented several types of stop-loss logic and have made it possible for us to use the same logic for all our trades.
We keep losses to a minimum.
We have also included a withdrawal mode, which was well received in the Angel Heart USDJPY.
Deviations from official forwards are very small, allowing you to operate with peace of mind.
Logic is used, so we have a proven track record in the real market for the past 1 to 2 years.
In addition, we have designed margins for the profit margin and parameter values of each indicator, so you can be sure that you are getting the most out of your trading experience.
This allows us to respond even if the future market deviates from the past market.
The margin design also allows for very small deviations from the official forwards, so there is no need to worry about the possibility that a profit will be made in the official forwards but not in the official futures.
It rarely happens that you lose a lot of money while you gain in the official forwards.
The following are the forward results on the real account before the exhibit.
The period is from September to November 2018.
This period may be a period when many EAs struggled, but Angel Heart Lono
Angel Heart Lono has maintained positive earnings during this period.
If you lost during this period, Angel Heart Lono
Angel Heart Lono will be a suitable EA to strengthen your EA portfolio.
We also have another site that has recorded the forward results of the EA.
Please search for "Angel Heart Lono" for more information.
A
Compound interest function
Weekend trading prohibition function
Trailing stop function
And the following custom items
Number of positions can be changed, and it can be used as a 1-position EA.
Various logic can be turned on and off.
Entry preparation time length can be adjusted.
The length of time until the withdrawal mode is entered can be adjusted.
Frequency of trading can be changed.
Tick entry or Entry at the time of the leg confirmation can be selected.
Fine-tuning of entry and settlement thresholds is possible.
Internal logic settlement can be turned on or off.
Perhaps you can find a golden spec that performs better than the default settings.
Incidentally, the larger the value of Wave_Level, the less frequently transactions are made.
accuracy, and the indexes, etc. Resistance to sudden market changes The larger the value of Wave_Level, the less frequently transactions are made.
The recommended Wave_Level is 3.
And Angel Heart Lono is the EA chosen by many excellent EA traders.
Mr. ▶forex (a charismatic EA trader who makes tens of millions of yen in profits annually by operating EAs)
▶Etre (Manager of the blog "
Struggles of Automated Forex Trading ". He is a winning trader who makes millions of profit per year.)
Magic number.
▶Lots （Default value: 0.1)
The number of lots for entry.
Please note that the value of "MaxLots" will be set to the value of "MaxLots" if the value is larger than the value of "MaxLots" parameter.
▶StopLoss (Default value: 100)
This is the stop loss value.
TakeProfit （Default value: 0)
Take profit value.
It is applied to each position regardless of the number of positions.
If you want to increase the TakeProfit2 or TakeProfit3 setting value, it is better to set a larger value here.
0 is no setting.
▶ TakeProfit1P (Default value: 20)
The settlement is executed when the profit of pips set here is obtained. Default is 20.
(When one position is held. Does not include exit mode positions.)
▶ TakeProfit2P (Default: 35)
Settlement is performed when the pips profit set here is generated. The default is 35.
(When two positions are held. Does not include exit mode positions.)
▶TakeProfit3P (Default: 50)
Settlement is performed when the pips profit set here is generated. Default is 50.
(When 3 positions are held. Does not include exit mode positions.)
▶Max_Spread （Default: 3.0)
This is a spread filter.
If the spread is more than the set number of pips, the order will not be placed.
If the value here is set too low, the broker will not place the order.
If you choose to set a lower value, please do so with this in mind.
▶SpredFilter_Entry_Only (Default: True)
You can select whether to enable the spread filter only for entry or for entry and settlement.
If True, it will be enabled only at entry.
▶Slippage （Default value: 3)
If there is a slippage of more than the set number of pips, the order will not be placed.
Slippage will increase in an environment with high latency, so if the value here is too small, the order will not be placed or the order will be cancelled.
If the value here is set too small, the environment may prevent the order from being placed or settled. (This also affects the weekend settlement function, etc.).
If you choose to set a smaller value, please do so with this in mind.
▶MM (Default: false)
If true, the compound interest mode is enabled.
Risk (Default: 6)
The "Risk" parameter allows you to adjust the number of lots for compounding.
The formula is as follows
Lots = Account Balance x (Risk ÷ 100) ÷ BaseLots ÷ (sl ÷ 100)
BaseLots is the minimum currency unit of your broker.
For 1000 currency units, it will be 100,000.
The unit of "Risk" is in %, which is the maximum loss per position relative to the account balance.
For example, if the account balance is 500,000 yen and the Risk value is set at 5%, the maximum loss per position is 25,000 yen.
If the minimum currency unit is 1000 and "StopLoss1″ is set to 100 pips, the lot size is 0.25.
▶MaxLots (Default value: 1.0)
Please use this option when using the compound interest function.
The set value cannot be larger than the lot size set here.
For an EA with MAX 3 positions, the maximum number of lots should be 1/3 to 0.01 of your broker's maximum trading lots. (Please note that this will be reflected even when compounding is not used.)
▶ExitTime （Default value: 22:50)
This is the time for weekend settlement.
The time is the broker's time.
The time is the time displayed on MT4.
Since there seems to be a difference in available trading hours among brokers, please make sure to set the time within the available trading hours.
isWeekendFilter】(Default:true)
WeekendStopDate] (Default value: 5)
WeekendStopValue] (initial value: 22:30)
The Weekend Stop function can be set.
If true, trading will not be performed after the time set by WeekendStopDate and WeekendStopValue.
To specify the day of the week, enter the number in the WeekendStopDate parameter.
1 Monday
2 Tuesday
3 Wednesday
4 Thursday
5 Friday
6 Saturday
If you do not want to create a weekend carry-over position, set this time before the "ExitTime".
If you do not want to create an open position over the weekend, set the time here to a time before the "ExitTime".
The time is the time displayed in MT4.
If you do not want to carry over positions from the weekend and want to close them 15 minutes before the employment statistics, you can set the following.
In the case of GMT+3 (winter time +2)
ExitTime → 15:15 (winter 16:15)
WeekendStopDate → 5
WeekendStopValue → 15:00 (Winter 16:00)
▶isMondayFilter(initial value: false)
▶MondayStartValue(Default value: 5:00)
You can set the start time of Monday trading.
Please select "true" for your use.
The time is server time.
▶MaxPositiionCount （Default:3)
You can set the maximum number of positions.
Please enter 1 or 2.
Even if you enter a number greater than 3, you will not get more than 3 positions.
▶Entry_Level （Default:5)
This parameter allows you to adjust the level at which entries are acquired.
A small number of entries indicates an "easy entry" direction, while a large number indicates an "easy entry" direction.
The higher the number, the more difficult it will be to enter the market.
This can be used to adjust the deviation from the official forwards or to adjust the frequency of entries.
Use this function when you want to adjust the frequency of entries.
Enter a number greater than or equal to 0, and do not enter negative numbers.
▶Exit_Level (Default: 5)
This parameter allows you to adjust the level of settlement by the internal logic.
A small number of trades is "easy to settle" and a large number of trades is "easy to settle.
The higher the number, the more difficult it will be to settle.
This is useful when you want to adjust the deviation from the official forward or when you do not want the internal logic to settle the trade.
If you do not want the internal logic to settle, or if you want to use the trailing stop function, you can use this function.
Use this function when you want to make use of the trailing stop function.
▶Wave_Level (Default value: 0)
This parameter allows you to adjust the criteria for the first wave.
The lower the number of waves, the smaller the wave.
The higher the number, the larger the wave.
Enter a number greater than or equal to 0, and do not enter a negative number.
The default setting is for high frequency trading.
Personally, I recommend "0" or "3".
▶Entry_Time (Default value: 10)
If the time is made longer, the number of possible entry time periods will increase.
Basically, there is no need to change this parameter, but if you increase Wave_Level, you may get better results if you also increase the setting value here!
Please consider it as an extra parameter.
▶TettaiTime_A (Default value: 12)
You can freely set the time to enter the withdrawal mode for day trade type entries. The unit is (hour).
Entering 12 will set the time to 12 hours.
▶TaiTime_B （Default value: 2)
You can freely set the time to enter the withdrawal mode for scalping type entries. The unit is (hour).
▶TrailingStopMode （Default:false)
This parameter is used to enable/disable the trailing stop.
The default is disabled (false).
When true is selected, the trailing stop function is enabled.
▶TrailingStopPoint (Default: 10)
This parameter is used to set the trailing stop width.
This parameter is used to set the width of the trailing stop for one position.
Therefore, if there are 3 positions, the stop will be closed when the profit is reduced by 10 pips x 3 positions, i.e. 30 pips in total.
▶TrailingStartPoint_1P (Default: 10)
When there is only one position, the trailing stop function is triggered when a profit (pips) of the set value is generated.
▶TrailingStartPoint_2P (Default value: 25)
If there are two positions, the trailing stop function will be activated when a profit (pips) of the set value is generated.
▶TrailingStartPoint_3P (Default value: 40)
If the number of positions is 3, the trailing stop function will be activated when a profit (pips) of the set value is generated.
▶Logic_A （Default:true） Enable/Disable setting of Logic A
▶Logic_B （Default:true） Enable/Disable setting of Logic B
Logic_C (Default: true) Enable/disable Logic C.
Note that Logic C triggers the Day Trade mode when an entry is made.
If you wish to operate in Scal mode only, disable Logic C.
▶Logic_Exit (Default: true)
When set to true, one additional settlement logic is added.
This settlement logic may cause you to miss a full TP settlement, but it may also cause you to make a good escape.
If you do not like to lose, we recommend you to set it to true.
▶TickEntry (Default: true) You can select either Tick entry or entry at the time of leg confirmation.
Please choose according to your own preference.
▶TimeFilter_A(Default:false) This is a setting to enable/disable the time filter. It is applied every day. The default value is disabled. ▶NoEntryStartTime_A1 - A3(Default:0:00) ▶NoEntryEndTime_A1 - A3(Default:0:00) When using the time filter, set the prohibited time period in this parameter. Three patterns can be set, A1 to A3. NoEntryStartTime is the time when the prohibition starts, and NoEntryEndTime is the time when the prohibition ends. Please input all in one-byte characters. ▶SwapFilter(Default:false) This is the enable/disable setting of the swap filter. The initial value is disabled. SwapFilter】. This setting allows you to force sell positions to close before the weekly triple swap point day (buy positions are not closed). （You can force the closure of sell positions before that time (buy positions will not be closed). This does not apply to regular swap points. The days of the week when swap points are tripled cannot be obtained from MT4, so we ask that users set their own settings. ▶SwapFilter_Date(Default:3) Specify the day of the week for the swap filter. Please enter a number to specify the day of the week. 1 Monday 2 Tuesday 3 Wednesday 4 Thursday 5 Friday 6 Saturday ▶SwapFilter_ExitTime(Default:23:30) This is the time when the swap filter is forced to close. Please enter the time in half-width characters. ▶NoEntryStartTime_forSwap(Default:23:30) The start time of the period when entry is prohibited by the swap filter. ▶NoEntryEndTime_forSwap(Default:0:10) The end time of the period during which entries are prohibited by the swap filter. NoEntryStartTime_forSwap and NoEntryEndTime_forSwap are provided to prevent re-entry of positions after forced closing. NoEntryStartTime_forSwap should be before SwapFilter_ExitTime, and NoEntryEndTime_forSwap should be after the rollover time. ▶EventFilter (initial value: false) This is the enable/disable setting of the event filter. The initial value is disabled. EventFilter】. Use this event filter when you want to clear positions before an important indicator is announced, or when you do not want positions to be taken depending on the indicator. You can set this filter to clear positions at a specified time on a specified day of the week, and prevent entry during a specified time on a specified day of the week. It is similar to the time filter, but the time filter is daily, whereas this event filter allows you to specify the day of the week. Please note that the event (important indicator) information is not available, so please specify the day of the week and time by yourself. ▶EventFilter_Date(Default:3) Specify the day of the week for the event filter. Enter a number to specify the day of the week. 1 Monday 2 Tuesday 3 Wednesday 4 Thursday 5 Friday 6 Saturday ▶EventFilter_ExitTime(Default:20:30) This is the time when the event filter is forced to close. Please enter the time in half-width characters. ▶NoEntryStartTime_forEvent(Default:20:00) The start time of the time period for which entry is prohibited by the swap filter. ▶NoEntryEndTime_forEvent(Default:0:10) The end time of the time period for which entry is prohibited by the event filter.
Revision history
03 First edition 04B The spread filter's range of applicability has been made selectable. The initial values of the spread filter and slippage filter were changed. Brokers with 4 decimal places for dollar-yen prices are now supported. The start time of Monday can now be set. 05B Time filtering was added. ∙ Retry order prohibition in case of insufficient margin. 06 Addition of swap filter function. Addition of event filter function. Fine tuning of settlement logic
Article by Alpaca FX
It is verified from various viewpoints.
Dear Freeze and FX
EAs are chosen by people, not by Lono's verification, but please refer to it.
This is my favorite blog.
Real account open to the public
Please refer to the following
https://fx-on.com/account/detail/index.php?i=42221&p=1
Regarding bad ratings
We take bad evaluations very seriously.
We have countermeasures against bad evaluations, and we will inform you of them here.
(However, if we do not know the reason for the bad review, it is impossible to take action.)
＞We are weak in the index, so we have put it in storage.
We apologize for not meeting your expectations.
The bottom of this page [A wide variety of functions come standard. High customizability for advanced users.
As mentioned in the "High Custom Performance for Advanced Users" section, setting a higher value for Wave_Level will reduce the frequency of entries, but it will also reduce the number of times the entry frequency is increased.
However, it is possible to make it very strong against sudden changes in the market, such as market indicators.
If it is impossible to stop the EA during important indicators, we recommend using Wave_Level = 3.
A legitimate EA that pursues the ideal
Angel Heart Lono is an EA that contains everything I consider important in FX trading.It is not an EA that I alone use, so I have given it flexibility in consideration of its users.
I believe that the EA should be used by all traders, not just me, and that it should not rely on SL.
In FX, stop-loss is the most important. In order to survive, losses should be minimized, and losses should be cut without sticking to SL.
The winning rate must be high.
Winning rate is important for mental issues.
Angel Heart Lono has a win rate of approximately 70%. It is mentally friendly.
High spread tolerance.
Spread tolerance is important because there are various disadvantageous factors in a real account.
The difference between average winning pips and average losing pips should be small.
Don't you want to make up for one loss quickly with two or three wins?
At Angel Heart Lono, the average winning pips to losing pips ratio is about 1:2.
The average winning pips should also be reasonably high (10 pips or more is ideal).
The spread tolerance is not the only factor that determines whether or not an account can be used for overseas accounts.
If the average pips won is small, the ratio of commission to profit will be high, and the overseas account will not perform well.
(This is commonly referred to as commission loss.)
Angel Heart Lono has about 14 pips, which is an excellent value.
[High number of trades.
The number of trades must be high to be interesting.
Angel Heart Lono is an EA with a very high number of trades.
The EA should have no deviation from the official forwards. It should work as back-tested.
This is also important. The reliability of the back-test results will be questioned.
The Angel Series is confident in this point.
Although the delivery rate differs from broker to broker, and deviations may not occur at all, we are confident that the Angel series will be able to provide the best results.
However, there is no fixed forward rate that is better than the other.
[If after taking a position it goes even worse, I want you to take an additional position to lower the average acquisition price.
A moderate level of pick-and-pin techniques can be effective if used well.
[Different users have different ways of thinking. Flexibility is necessary because market habits change.
I prefer one position! We can accommodate!
I don't like the tick action... Can be changed to the action when the foot is fixed!
I want to stop bad logic! Yes, we can!
I don't want internal settlement, I want to play until TP! We can handle it!
In the products I have exhibited so far, I have not been of the mindset that 'this one is better, so I won't support that one,' but rather, 'I think this one is better, but if it doesn't interfere with the underlying logic, let's support it.
I have incorporated these requests into Lono, and the result is a very flexible EA.
Thank you very much for the many requests we have received.
The
best performance in the series!
The performance has been improved considerably and is now as good as other authors' EAs. A comparison chart of Angel Heart USDJPY, ANGEL PREMIUM RICH, and Angel Heart Lono is shown below.Net Profit ($), Max DD ($), RF】[Net Profit ($), Max DD ($), RF
Angel Heart Lono has the highest net profit among the Angel series.
As for the maximum DD, the maximum DD tends to increase as the number of positions increases, but
Angel Heart Lono keeps the maximum DD as low as that of ANGEL PREMIUM RICH.
Therefore, the Recovery Factor (RF), which indicates the real profitability, is also the highest in the series.
It is an excellent value that is second to no other EA.
Number of trades per year (times) and PF
Angel Heart Lono has the highest number of trades per year in the Angel series.
The trades are aggressive, and users are never bored.
PF may seem small at 1.24, but PF becomes smaller as the number of trades increases
The PF tends to become smaller as the number of trades increases, so the PF value is comparable to the other series for a large number of trades.
I think it can be evaluated.
High spread tolerance
Spread tolerance is very important.The idea that the backtest should be 5 points because the actual spread is 5 points is
I think it is a mistake to think that the backtest should be 5 points because the actual spread is 5 points, when in fact the spread may be wide or slippage may occur.
In reality, there are many factors that can be detrimental, such as spread widening, slippage, negative swap, and so on.
You have to backtest with wider spreads to take such disadvantageous factors into account.
Angel Heart Lono has cleared the right side of the curve even with a relatively tight 15-point spread.
Therefore, it can be used with brokers with wide spreads and overseas accounts without any problem.
Aiming for low-stress operation
EAs that blow away half a year's profit with a single loss or have a low win rate and a losing streak are not mentally sound.Angel Heart Lono has a moderate win rate of approximately 70%, which reduces the number of consecutive losses, and the difference between the average amount of money won and the average amount of money lost is only about 0.1% of the average amount of money lost.
The difference between the average winning amount and the average losing amount is small, so even if it loses, it recovers relatively early coupled with aggressive trading.
Because we consider stop-losses to be extremely important, we have implemented several types of stop-loss logic and have made it possible for us to use the same logic for all our trades.
We keep losses to a minimum.
We have also included a withdrawal mode, which was well received in the Angel Heart USDJPY.
Deviations from official forwards are very small, allowing you to operate with peace of mind.
Excellent track record. And it can handle future market changes!
Entry and settlement logic is based on Angel Heart USDJPY and ANGEL PREMIUM RICHLogic is used, so we have a proven track record in the real market for the past 1 to 2 years.
In addition, we have designed margins for the profit margin and parameter values of each indicator, so you can be sure that you are getting the most out of your trading experience.
This allows us to respond even if the future market deviates from the past market.
The margin design also allows for very small deviations from the official forwards, so there is no need to worry about the possibility that a profit will be made in the official forwards but not in the official futures.
It rarely happens that you lose a lot of money while you gain in the official forwards.
The following are the forward results on the real account before the exhibit.
The period is from September to November 2018.
This period may be a period when many EAs struggled, but Angel Heart Lono
Angel Heart Lono has maintained positive earnings during this period.
If you lost during this period, Angel Heart Lono
Angel Heart Lono will be a suitable EA to strengthen your EA portfolio.
We also have another site that has recorded the forward results of the EA.
Please search for "Angel Heart Lono" for more information.
A
wide variety of functions come as standard equipment. High customization performance for advanced users
The following functions are standardCompound interest function
Weekend trading prohibition function
Trailing stop function
And the following custom items
Number of positions can be changed, and it can be used as a 1-position EA.
Various logic can be turned on and off.
Entry preparation time length can be adjusted.
The length of time until the withdrawal mode is entered can be adjusted.
Frequency of trading can be changed.
Tick entry or Entry at the time of the leg confirmation can be selected.
Fine-tuning of entry and settlement thresholds is possible.
Internal logic settlement can be turned on or off.
Perhaps you can find a golden spec that performs better than the default settings.
Incidentally, the larger the value of Wave_Level, the less frequently transactions are made.
accuracy, and the indexes, etc. Resistance to sudden market changes The larger the value of Wave_Level, the less frequently transactions are made.
The recommended Wave_Level is 3.
It is used by many talented EA traders.
Excellent EA traders use excellent EAs.And Angel Heart Lono is the EA chosen by many excellent EA traders.
Mr. ▶forex (a charismatic EA trader who makes tens of millions of yen in profits annually by operating EAs)
Comment from Mr. forex on Angel EA
▶Trader Kaibe (Robbins Cup runner-up, developer of the popular EA "Flashese")
Kaibe, the developer of "Flashese", nominates Angel Heart Lono as the best wife of Flashese! Explaining the advantages of running together.
▶Trader Kaibe (Robbins Cup runner-up, developer of the popular EA "Flashese")
Kaibe, the developer of "Flashese", nominates Angel Heart Lono as the best wife of Flashese! Explaining the advantages of running together.
▶Etre (Manager of the blog "Struggles of Automated Forex Trading ". He is a winning trader who makes millions of profit per year.)
Parameter values
▶MAGIC1~6Magic number.
▶Lots （Default value: 0.1)
The number of lots for entry.
Please note that the value of "MaxLots" will be set to the value of "MaxLots" if the value is larger than the value of "MaxLots" parameter.
▶StopLoss (Default value: 100)
This is the stop loss value.
TakeProfit （Default value: 0)
Take profit value.
It is applied to each position regardless of the number of positions.
If you want to increase the TakeProfit2 or TakeProfit3 setting value, it is better to set a larger value here.
0 is no setting.
▶ TakeProfit1P (Default value: 20)
The settlement is executed when the profit of pips set here is obtained. Default is 20.
(When one position is held. Does not include exit mode positions.)
▶ TakeProfit2P (Default: 35)
Settlement is performed when the pips profit set here is generated. The default is 35.
(When two positions are held. Does not include exit mode positions.)
▶TakeProfit3P (Default: 50)
Settlement is performed when the pips profit set here is generated. Default is 50.
(When 3 positions are held. Does not include exit mode positions.)
▶Max_Spread （Default: 3.0)
This is a spread filter.
If the spread is more than the set number of pips, the order will not be placed.
If the value here is set too low, the broker will not place the order.
If you choose to set a lower value, please do so with this in mind.
▶SpredFilter_Entry_Only (Default: True)
You can select whether to enable the spread filter only for entry or for entry and settlement.
If True, it will be enabled only at entry.
▶Slippage （Default value: 3)
If there is a slippage of more than the set number of pips, the order will not be placed.
Slippage will increase in an environment with high latency, so if the value here is too small, the order will not be placed or the order will be cancelled.
If the value here is set too small, the environment may prevent the order from being placed or settled. (This also affects the weekend settlement function, etc.).
If you choose to set a smaller value, please do so with this in mind.
▶MM (Default: false)
If true, the compound interest mode is enabled.
Risk (Default: 6)
The "Risk" parameter allows you to adjust the number of lots for compounding.
The formula is as follows
Lots = Account Balance x (Risk ÷ 100) ÷ BaseLots ÷ (sl ÷ 100)
BaseLots is the minimum currency unit of your broker.
For 1000 currency units, it will be 100,000.
The unit of "Risk" is in %, which is the maximum loss per position relative to the account balance.
For example, if the account balance is 500,000 yen and the Risk value is set at 5%, the maximum loss per position is 25,000 yen.
If the minimum currency unit is 1000 and "StopLoss1″ is set to 100 pips, the lot size is 0.25.
▶MaxLots (Default value: 1.0)
Please use this option when using the compound interest function.
The set value cannot be larger than the lot size set here.
For an EA with MAX 3 positions, the maximum number of lots should be 1/3 to 0.01 of your broker's maximum trading lots. (Please note that this will be reflected even when compounding is not used.)
▶ExitTime （Default value: 22:50)
This is the time for weekend settlement.
The time is the broker's time.
The time is the time displayed on MT4.
Since there seems to be a difference in available trading hours among brokers, please make sure to set the time within the available trading hours.
isWeekendFilter】(Default:true)
WeekendStopDate] (Default value: 5)
WeekendStopValue] (initial value: 22:30)
The Weekend Stop function can be set.
If true, trading will not be performed after the time set by WeekendStopDate and WeekendStopValue.
To specify the day of the week, enter the number in the WeekendStopDate parameter.
1 Monday
2 Tuesday
3 Wednesday
4 Thursday
5 Friday
6 Saturday
If you do not want to create a weekend carry-over position, set this time before the "ExitTime".
If you do not want to create an open position over the weekend, set the time here to a time before the "ExitTime".
The time is the time displayed in MT4.
If you do not want to carry over positions from the weekend and want to close them 15 minutes before the employment statistics, you can set the following.
In the case of GMT+3 (winter time +2)
ExitTime → 15:15 (winter 16:15)
WeekendStopDate → 5
WeekendStopValue → 15:00 (Winter 16:00)
▶isMondayFilter(initial value: false)
▶MondayStartValue(Default value: 5:00)
You can set the start time of Monday trading.
Please select "true" for your use.
The time is server time.
▶MaxPositiionCount （Default:3)
You can set the maximum number of positions.
Please enter 1 or 2.
Even if you enter a number greater than 3, you will not get more than 3 positions.
▶Entry_Level （Default:5)
This parameter allows you to adjust the level at which entries are acquired.
A small number of entries indicates an "easy entry" direction, while a large number indicates an "easy entry" direction.
The higher the number, the more difficult it will be to enter the market.
This can be used to adjust the deviation from the official forwards or to adjust the frequency of entries.
Use this function when you want to adjust the frequency of entries.
Enter a number greater than or equal to 0, and do not enter negative numbers.
▶Exit_Level (Default: 5)
This parameter allows you to adjust the level of settlement by the internal logic.
A small number of trades is "easy to settle" and a large number of trades is "easy to settle.
The higher the number, the more difficult it will be to settle.
This is useful when you want to adjust the deviation from the official forward or when you do not want the internal logic to settle the trade.
If you do not want the internal logic to settle, or if you want to use the trailing stop function, you can use this function.
Use this function when you want to make use of the trailing stop function.
▶Wave_Level (Default value: 0)
This parameter allows you to adjust the criteria for the first wave.
The lower the number of waves, the smaller the wave.
The higher the number, the larger the wave.
Enter a number greater than or equal to 0, and do not enter a negative number.
The default setting is for high frequency trading.
Personally, I recommend "0" or "3".
▶Entry_Time (Default value: 10)
If the time is made longer, the number of possible entry time periods will increase.
Basically, there is no need to change this parameter, but if you increase Wave_Level, you may get better results if you also increase the setting value here!
Please consider it as an extra parameter.
▶TettaiTime_A (Default value: 12)
You can freely set the time to enter the withdrawal mode for day trade type entries. The unit is (hour).
Entering 12 will set the time to 12 hours.
▶TaiTime_B （Default value: 2)
You can freely set the time to enter the withdrawal mode for scalping type entries. The unit is (hour).
▶TrailingStopMode （Default:false)
This parameter is used to enable/disable the trailing stop.
The default is disabled (false).
When true is selected, the trailing stop function is enabled.
▶TrailingStopPoint (Default: 10)
This parameter is used to set the trailing stop width.
This parameter is used to set the width of the trailing stop for one position.
Therefore, if there are 3 positions, the stop will be closed when the profit is reduced by 10 pips x 3 positions, i.e. 30 pips in total.
▶TrailingStartPoint_1P (Default: 10)
When there is only one position, the trailing stop function is triggered when a profit (pips) of the set value is generated.
▶TrailingStartPoint_2P (Default value: 25)
If there are two positions, the trailing stop function will be activated when a profit (pips) of the set value is generated.
▶TrailingStartPoint_3P (Default value: 40)
If the number of positions is 3, the trailing stop function will be activated when a profit (pips) of the set value is generated.
▶Logic_A （Default:true） Enable/Disable setting of Logic A
▶Logic_B （Default:true） Enable/Disable setting of Logic B
Logic_C (Default: true) Enable/disable Logic C.
Note that Logic C triggers the Day Trade mode when an entry is made.
If you wish to operate in Scal mode only, disable Logic C.
▶Logic_Exit (Default: true)
When set to true, one additional settlement logic is added.
This settlement logic may cause you to miss a full TP settlement, but it may also cause you to make a good escape.
If you do not like to lose, we recommend you to set it to true.
▶TickEntry (Default: true) You can select either Tick entry or entry at the time of leg confirmation.
Please choose according to your own preference.
▶TimeFilter_A(Default:false) This is a setting to enable/disable the time filter. It is applied every day. The default value is disabled. ▶NoEntryStartTime_A1 - A3(Default:0:00) ▶NoEntryEndTime_A1 - A3(Default:0:00) When using the time filter, set the prohibited time period in this parameter. Three patterns can be set, A1 to A3. NoEntryStartTime is the time when the prohibition starts, and NoEntryEndTime is the time when the prohibition ends. Please input all in one-byte characters. ▶SwapFilter(Default:false) This is the enable/disable setting of the swap filter. The initial value is disabled. SwapFilter】. This setting allows you to force sell positions to close before the weekly triple swap point day (buy positions are not closed). （You can force the closure of sell positions before that time (buy positions will not be closed). This does not apply to regular swap points. The days of the week when swap points are tripled cannot be obtained from MT4, so we ask that users set their own settings. ▶SwapFilter_Date(Default:3) Specify the day of the week for the swap filter. Please enter a number to specify the day of the week. 1 Monday 2 Tuesday 3 Wednesday 4 Thursday 5 Friday 6 Saturday ▶SwapFilter_ExitTime(Default:23:30) This is the time when the swap filter is forced to close. Please enter the time in half-width characters. ▶NoEntryStartTime_forSwap(Default:23:30) The start time of the period when entry is prohibited by the swap filter. ▶NoEntryEndTime_forSwap(Default:0:10) The end time of the period during which entries are prohibited by the swap filter. NoEntryStartTime_forSwap and NoEntryEndTime_forSwap are provided to prevent re-entry of positions after forced closing. NoEntryStartTime_forSwap should be before SwapFilter_ExitTime, and NoEntryEndTime_forSwap should be after the rollover time. ▶EventFilter (initial value: false) This is the enable/disable setting of the event filter. The initial value is disabled. EventFilter】. Use this event filter when you want to clear positions before an important indicator is announced, or when you do not want positions to be taken depending on the indicator. You can set this filter to clear positions at a specified time on a specified day of the week, and prevent entry during a specified time on a specified day of the week. It is similar to the time filter, but the time filter is daily, whereas this event filter allows you to specify the day of the week. Please note that the event (important indicator) information is not available, so please specify the day of the week and time by yourself. ▶EventFilter_Date(Default:3) Specify the day of the week for the event filter. Enter a number to specify the day of the week. 1 Monday 2 Tuesday 3 Wednesday 4 Thursday 5 Friday 6 Saturday ▶EventFilter_ExitTime(Default:20:30) This is the time when the event filter is forced to close. Please enter the time in half-width characters. ▶NoEntryStartTime_forEvent(Default:20:00) The start time of the time period for which entry is prohibited by the swap filter. ▶NoEntryEndTime_forEvent(Default:0:10) The end time of the time period for which entry is prohibited by the event filter.
Revision history
03 First edition 04B The spread filter's range of applicability has been made selectable. The initial values of the spread filter and slippage filter were changed. Brokers with 4 decimal places for dollar-yen prices are now supported. The start time of Monday can now be set. 05B Time filtering was added. ∙ Retry order prohibition in case of insufficient margin. 06 Addition of swap filter function. Addition of event filter function. Fine tuning of settlement logic
Sales from
:
12/17/2018 21:45
Purchased
:
1,223
times
Price: $122.28 (taxed)
￥19,800(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 12/17/2018 21:45
Purchased
:
1,223
times
Price: $122.28 (taxed)
￥19,800(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