MUSASHI_EURUSD_M5
Expert Advisors
MetaTrader 4
Sales from
11/11/2019
Last Updated At
2/3/2020
Version
3.0
My Profile
武蔵- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-536,291JPYProfit Factor
:
0.83Rate of return risk
?
:
-0.76Average Profit
:
5,341JPYAverage Loss
:
-22,329JPYBalance
?
:
463,709JPYRate of return (all periods) ?
:
-19.68%Win Rate
:
77.55%
(449/579)
Maximum Position
?
:
2Maximum Drawdown
?
:
24.52%
(707,804JPY)
Maximum Profit
:
51,943JPYMaximum Loss
:
-121,135JPYRecommended Margin
?
:
2,725,450JPYUnrealized P/L
:
0JPYDeposit
?
:
1,000,000JPYCurrency
:
JPY- Account
Operable Brokers
Usable with MT4-adopting brokers.
※EA measurement is stopped
Forward testing (Profit)
Product Statistics
Product Comments
Monthly Statistics
2026
2025
2024
2023
2022
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
Currency Pairs
[EUR/USD]
Trading Style
[Scalping]
Maximum Number Position
1
Maximum Lot
50
Chart Time Frame
M5
Maximum Stop Loss
110
Take Profit
60
Straddle Trading
Yes
Application Type
Metatrader Auto Trading
Other File Usages
No
Verified Article Introduction
HINOTORI" who is active as an EA warrior on Twitter has tested MUSASHI_EURUSD_M5 and we would like to introduce it to you.
MUSASHI_EURUSD_M5 - Great EA with high frequency trading!We are proud to announce that the very famous and excellent developer "Angel" has also installed our system!
Introducing MUSASHI_EURUSD_M5!I want them to enter frequently, but I don't want them to lose."
I want them to get their earnings right."
I prefer EAs that give me mental security."
This is an unprecedented scalping EA that meets the demands of EA users.
The indicator used for MUSASHI is a trade secret, but it does not use an average moving line.
This is not an EA for simple trend-following push-back selling.
Of course, trend-following moves are also made, but also contrarian moves.
Whenever there is an opportunity, I boldly go for it, whether buying or selling.
The transactions are exactly like those of "Musashi Miyamoto," a double-faced swordsman.
With this meaning in mind, we named this productMUSASHI." with such a meaning in mind.
And in pursuit of the ideal of a scalping EA, the
High win rate."
High RF (Recovery Factor)
High Spread Tolerance."
This is a groundbreaking EA that enables the realization of the above three high values.
Developer Blog We have started a new blog. Thank you for reading.
Musashi Investment
We have included the "Developer's Thoughts" at the end of this EA description.
We hope you will see it through to the end.
Staggering number of entries'One or two entries a week just isn't enough.'
I believe that there are many who say.
MUSASHI" has been a threat for about 12 years (2008 - 20 The number of "MUSASHI" is5213 times." in the past 12 years (2008 - 2019).
The number of entries was beaten.
Figure 1 Back-test results (1)
Figure 2 Number of entries by time period
From Figure 2, you can see that this EA makes about two entries per day.
Also, based on the earnings calendar of gogojungle's forward test, the
You will see that we are making entries every day.
If you have one "MUSASHI", you can use it to make entries almost every day.
We never bore our users.
You can always feel the excitement and tension of holding a position.
'You're going to have multiple positions anyway, right?'
I am sure there are those who think that this is a good idea.
Certainly, an EA that makes multiple entries with similar entry conditions would not
The meaning of a large number of entries makes no sense at all.
Although MUSASHI is double-digitized, it is not a double-digitized system.
The number of "sell" or "buy" entries isMaximum of 1 position The maximum number of "sell" or "buy" entries is 1.
Therefore, we also do not make high-risk entries such as the nanpin martingale.
You can use "MUSASHI" with peace of mind.
However, failure to meet the following
It does not matter how often you make entries.
High winning rate type EAGenerally, an EA with a win rate of over "70%" is considered a high win rate type EA.
MUSASHI has a win rate of well over "70%."Over 85%. to
Marked.
And when limited to selling only, the winning rate is90%." The winning rate is close to 90%.
Figure 3 Back-test results (2)
However, no matter how high the win rate is, if the number of entries is low, the win rate is unreliable.
No, there is not.
For example, the
(1) The win rate of a certain EA in 100 trades is 85%.
(2) The win rate of a certain EA is 85% when traded 1,000 times.
When you looked at these two sentences, which EA did you find more reliable in terms of win rate, (1) or (2)?
(2) would have felt more reliable.
Probability always converges to a certain value after a number of trials.
This is called the law of large numbers.
Suppose you want to play a game of guessing the flip side of a coin.
Since they are essentially "back" and "front,"
I believe the probability of a "back" would be "50%."
But just because we played two games and got two heads up doesn't mean
The probability of "back" is not "0%.
By repeating a number of attempts, the
Invariably, the probability of "back" will converge to a probability of "50%".
Therefore, the more trials you have, the stronger meaning you give to probability.
The following is an example of a product that can be used in this way.
The above shows that the number of entries5213 times. and win rate Over 85%." and win rate
The company is working to ensure that the level of
We promise to provide the EA as an EA with sufficient reliability.
Stable earnings Even a high winning rate is meaningless if you can't generate consistent returns."
I am sure some of you are thinking about this.
MUSASHI achieved excellent results in terms of revenue.
Figure 4: Earnings by Age Group
As shown in Figure 4.In the period from 2008 to 2019, approximately 1 In the two-year period
In all years, "positive earnings" were achieved.
The company had positive earnings even in 2008, when Lehman Brothers collapsed.
Even in 2019, which is a bad year for EA, it is still positive earnings.
High RF (Recovery Factor) No matter how high the win rate is, if the maximum drawdown is too high, I feel mentally insecure."
Many users must have felt this way.
As the user thinks, no matter how many wins you accumulate, if the drawdowns are too large
"A win rate of more than 85%." The figures are reliable and
Even if you think you can recoup your losses on subsequent entries.
I'm mentally exhausted.
The EA may be stopped in a losing situation.
One of the most frequently cited failures when introducing EA is
It is to stop the operation of the EA in a losing situation.
After losing big, "Will I lose again?" and
We often hear of cases in which transactions are halted due to such concerns, resulting in losses.
But no problem.
MUSASHI" is a combination of "RF (Recovery Factor)" and
It is an EA with very good "PF (Profit Factor)" parameters.
It is possible to cover the issues mentioned earlier.
Figure 5 Parameters
RF (Recovery Factor)
RF is a measure of how much return can be expected in relation to risk.
A high RF means, in other words, that you can expect high returns with low risk.
Also, to paraphrase the implications of RF
If I have a maximum DD, how long will it take me to recoup my losses?
It can be said that
The larger this value, the better.
RF depends on the duration of the backtest.
For the same net profit and maximum DD, the shorter the backtest period, the shorter the time to recover the loss.
It is a more excellent EA.
However, backtests of less than 10 years are unreliable because the backtests themselves are unreliable.
Backtests of 10 years or less shall not be considered.
Basically, RF is converted into one year, and the value of "1.0" or more is the value of excellent EA's.
Criteria.
*RF = 1.0 means that the maximum DD can be recovered in 365 days
Also, by dividing the annualized RF from 365 days by the
The number of days it takes to recoup the maximum drawdown loss."
can be obtained.
Figure 6 RF Details
The one-year RF from Figure 6 is well above the "1.0"1.51." mark.
This value is comparable to the famous EAs of the past.
PF (Profit Factor) Gross profit divided by gross loss.
If it is more than 1.0, you can earn a stable profit.
We can also say that it is an excellent EA.
MUSASHI" achieved"1.4." The "MUSASHI" achieved a figure of "1.4".
PF is not just a matter of being big enough.
If the number of transactions is more than 2.0, the number of transactions may be small, or the trader may be using a "napin" or "martingale" strategy.
MUSASHI does not incorporate the nanpin-martingale method, and yet it trades at a high frequency.
1.4" This number may seem a little low compared to other well-known EAs.
Since the number of entries tends to be naturally lower as the number of entries increases, the
1.4." is a very balanced number.
High Spread Resistance Scalping is about accumulating small, steady profits."
Can't you beat the spread?"
This is a natural question for users who know about scalping.
While domestic brokerage firms typically have a spread of "5
Spreads can shift back and forth due to a variety of factors.
Spreads can open wide during important indicator announcements and early morning hours.
MUSASHI" as in "EURUSD," rather than "USDJPY."
It will be one or two" higher.
Therefore, it is important to backtest with a spread of at least "10" with a margin.
MUSASHI" isSpread "20 Even under the strict conditions of
We were able to achieve a steady increase.
In scalping, the
It is extremely rare for an EA to be able to withstand a spread of "20 It is extremely rare for an EA to be able to withstand a spread of "20".
Backtest at spread 10
Figure 7: Backtest graph (spread: 10)
As can be seen from Figure 7, the graph shows a beautiful rightward trend.
The graph continues to rise gradually, with repeated wins and losses.
It is an ideal earnings curve, as it is a natural shape without being too beautiful.
(Straight and too clean profit/loss curves are often seen in EAs that do not stop loss & are of a no-loss & no-pin type.
Many of them fail because they are determined by actual operations.)
There are also two areas that we would like you to focus on.
The first is a winning streak.
The maximum41 straight wins. The company has recorded a
Although these are only back-tested numbers, they do show that the
It can prove to be a high winning rate.
I'm actually writing a text for an exhibit right now, at the moment, too.19 consecutive wins in real accounts I am actually writing the text for the listing at this moment.
The second graph is for the last year or two.
In the most recent results, we have not been stretched to the limit.
We are certainly earning revenue.
Even if past results are good, if you don't earn revenue at a date and time close to the present
Profitability tends to be sluggish even when EAs are used.
MUSASHI has been a part of the MUSASHI family from the past to the present.
The stable earnings at all ages have helped to
You can also expect to profit from future markets.
Backtest at spread 15 Naturally, the net gain is less than the spread of 10, but
We have been able to earn a steady revenue stream.
Net income is also high, at over $7,000.
Figure 8: Backtest graph (spread: 15)
backtest at spread 20 Backtest at 20 spreads
Figure 9: Backtest graph (spread: 20)
Although the maximum DD has become larger
The right shoulder is being kept in place.
Proceeds were able to earn over $4000.
The spread is a fixed value, and if other uncertainties are involved, it is not possible to determine the spread.
The results aren't bad, are they?"
If you have such concerns, please do not worry.
TDS (Tick Data Suite) The back-tests conducted by TDS (Tick Data Suite) also showed excellent results.
Normal back testing is performed with fixed spread values.
Spreads fluctuate widely depending on the time of day and whether or not an important indicator is announced.
Normal backtesting with such uncertainties is not possible.
Cannot be done.
However, backtesting with TDS is not a fixed spread, but rather a time-specific
Know the results of backtesting with variable spreads.
Furthermore, it will include slippage and swap, factors that are not reflected in normal back testing.
Therefore, these results are comparable to those obtained by operating a real account.
In other words, the discrepancy between the results of back-testing and forward testing with real accounts is considered to be extremely small.
From Figure 10, it can be seen that there is no significant difference from the results of the normal backtest.
For some EAs, fixed spreads are looser than in forward testing
condition, and the back-test results and forward-test results are not comparable.
Large deviations may occur.
However, "MUSASHI" has achieved excellent results even under the same conditions as the production.
Incidentally, in my environment, the results of the real account for the same period are better than the results of the backtest.
This suggests that MUSASHI can be expected to continue to perform as well as or better than back-tested products in the future.
I think.
Compound interest featureMUSASHI comes standard with a compound interest function.
When MaxLots is raised to the maximum, the result is as shown in Figure 11.
Figure 11: Back test when compound interest function is used
The simulation results can be very profitable if the compound interest function is utilized, but we hope you will accept them only as a reference.
Please refer to "Parameters" for the calculation of the number of lots when using the compound interest function.
parameter MUSASI offers a variety of parameters that can be changed.
The user is free to change the value to his/her preference.
MAGIC 1, 2
Default value: 190910 (MAGIC1)
：190911(MAGIC2)
Magic Number.
Please make sure that the number does not overlap with other EAs.
Lots (initial value: 0.1) The number of lots at the time of entry.
The "MaxLots" value takes precedence over the "MaxLots" value.
Please be careful.
Example: Lots: 2.0 MaxLots: 1.0 ⇛ Lots: 1.0
StopLoss (initial value: 110) The value of the loss.
Takeprofit (default: 60) Value of interest.
Slippage (default: 3) If the value ordered deviates from the set value, the order is not placed.
Depending on the environment in which the EA is used, slippage may be significant.
If you set too small a value, the order/settlement may not be executed.
Please understand.
Max_Spread(Initial value: 3.0) Spread filter.
As with slippage, depending on the environment in which the EA is used
Spreads can be wide.
If you set too small a value, the order/settlement may not be executed.
Please understand.
MM (initial value: false) Enables/disables the compound interest function.
True enables the compounding feature.
Risk (initial value: 10) The set value allows adjustment of the lot size when the compound interest function is enabled.
The formula for calculating the set value is as follows
Lots = Account Balance x Risk [%] ÷ BaseLots ÷ (StopLoss ÷ 100)
BaseLots is the minimum currency unit of your brokerage.
For 1,000 currency units, "100,00 0" will be entered.
Risk" is the ratio of the size of the maximum loss per position to the account balance.
For example, under the following conditions
Account balance: 1,000,000 yen
Risk value: 10%.
Minimum Currency Unit: 1000 Currency
StopLoss: 100 pips
If we apply the formula
Lots = 1,000,000 yen✕ 10% ÷ (100÷) 100,000,000 ÷ (100 ÷ 100)
In other words, the lot size is 1.0.
However, Lots < MaxLots.
MaxLots (initial value: 1.0) The maximum number of lots when the compounding function is used.
No matter how large the account balance is when using the compounding feature, the
The "MaxLots" value will never be exceeded.
This value also affects "Lots" during normal operation, so
Please understand.
MaxPositioinCount(initial value: 2) The value of the maximum number of entries to be retained.
If you don't want to do both sides of the equation, you can
Please fill in "1."
User_EntryFilterEnables/disables any entry time limit.
True enables arbitrary time limits.
EntryServerTimeFrom1~3The start time of any entry time limit.
EntryServerTimeTo1~3This is the end time of the optional entry time limit.
Please refer to the blog at the following URL for details on the entry time limit.
Finally I love Forex.
I think the best part of Forex is that I can be happy or sad when I win or lose.
I enjoy running EA every day.
To enjoy EA operation, I believe that it is important to have a stable profit rather than losing all the time.
I think that the most important prerequisite for enjoying EA operation is not to keep losing but to earn a stable profit.
However, when I look at the EAs recently listed on GogoJan, I see many hype products for the purpose of sales.
I think it is good if you win even with hype EAs, but I don't think that EAs created for the purpose of sales will last for a long time.
Even if you win, it is just luck, in other words, gambling.
The EA "MUSASHI" that I am exhibiting is designed for me to operate it properly.
I have made the EA "MUSASHI" not only in the simulation but also in practice.
Therefore, I am convinced that MUSASHI is superior to other EAs in terms of reliability.
If EA developers sell EAs, their mission is to increase users' precious investment funds.
Do not let people buy inferior EAs whose only purpose is to sell them based on the sales page alone.
If you use a solid EA and increase your investment fund, you will naturally be motivated to buy a new EA.
We believe that this will energize our developers and lead to a win-win relationship.
Now that I have introduced "MUSASHI" to the world, I am determined to spread the use of FX auto-trading and to make it a reality for not only myself but also for other users.
I have a mission to spread the use of automated Forex trading and to enrich not only myself but also the users of MUSASHI.
I will provide after-sales service with sincerity.
I hope you will consider purchasing MUSASHI.
Thank you for taking the time to read this page.
Twitter: https: //twitter.com/musashi_0910
Sales from
:
11/11/2019 22:36
Purchased
:
261
times
Price: $92.74 (taxed)
￥15,000(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 11/11/2019 22:36
Purchased
:
261
times
Price: $92.74 (taxed)
￥15,000(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