MUSASHI_GBPJPY_M5
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-305,679JPYProfit Factor
:
0.99Rate of return risk
?
:
-0.47Average Profit
:
7,967JPYAverage Loss
:
-19,018JPYBalance
?
:
694,321JPYRate of return (all periods) ?
:
-14.15%Win Rate
:
70.25%
(1544/2198)
Maximum Position
?
:
2Maximum Drawdown
?
:
26.82%
(652,322JPY)
Maximum Profit
:
55,550JPYMaximum Loss
:
-37,600JPYRecommended Margin
?
:
2,160,850JPYUnrealized 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
[GBP/JPY]
Trading Style
[Scalping]
Maximum Number Position
1
Maximum Lot
50
Chart Time Frame
M5
Maximum Stop Loss
70
Take Profit
100
Straddle Trading
Yes
Application Type
Metatrader Auto Trading
Other File Usages
No
Special set products are now on sale!
In addition to this EA, the new product "MUSASHI_EURAUD_M5 is
freeindicates certainty, emphasis, etc.We are currently selling a set of products that you can get.
High winning rate type EA
High Average Winning Pips
Stable earnings
Back testing with TDS
MAGIC 1, 2
Lots (initial value: 0.5)
The product page is below.
If you buy the EA on this product page, MUSASHI_EURAUD_M5 will not be included.
Please be sure to purchase from the link above.
Please be sure to make a mistake.
In addition, this campaign does not currently have an expiration date, but
Please note that the program may end without notice.
I want high frequency entries, but I don't want to lose."
I want them to get every penny they earn."
I like my revenues and losses to be well balanced."
I prefer EAs that give me mental security."
The EA user's request, "I'm not sure I'm going to be able to do this.
It is a scalping EA that has never been seen before.
This EA has more average winning pips than the EURUSD version of MUSASHI.
The risk reward ratio and profit factor are higher than the GBPUSD version of MUSASHI.
Recommended for those who wish to prioritize the balance between profit and loss.
The GBPJPY version of MUSASHI had passed the review process early on.
Let's make sure we accumulate a good amount of forwards before we use them for you. I thought that
We let it rest slowly for three months.
The number of transactions during that period was 64.
The pips gained exceeded 250 pips and the results have been very excellent.
And stop loss 70 pips Stop loss is also set at 70 pips. This is a very safe and secure design.
Please refer to the following article for the EURUSD and GBPUSD versions of MUSASHI.
The indicator used in MUSASHI is a trade secret.
The average moving line is not used, and
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.
MUSASHI" thereafter refers to "MUSASHI_GBPJPY_M5".
If you would like to read an article with a few of MUSASHI's secrets, please see below.
And in pursuit of the ideal of a scalping EA, the
High win rate."
High RF (Recovery Factor)
High Average Win Pips."
High PF (Profit Factor)"
This is an ideal EA that enables the realization of the above 4 highs.
Staggering number of entries
'One or two entries a week just isn't enough.'
I believe that there are many who say.
MUSASHI" has achieved an astounding growth rate over the past 12 years (2008-2020). 20 years).
"4,522 entries." The number of entries was "4522".
Figure 1: Backtest results (1)
I know some of you may not be familiar with the number 4522, so I'm going to
The following table summarizes the number of entries in each period.
Figure 2 Number of entries by time period
From Figure 2, you can see that this EA makes one or two entries per 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 that some of you may think that this is a good idea.
Certainly, an EA that makes multiple entries with similar entry conditions would not
A large number of entries is not an advantage.
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 EA In general, an EA with a win rate of over "70%" is considered a high win rate type EA.
MUSASHI" did not have a super high win rate like the EURUSD version, but it marked a win rate ofAbout 75%. The winning rate of "MUSASHI" is about 75%.
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.
For example, the
(1) The win rate of a certain EA in 100 trades is 75%.
(2) The win rate of a certain EA is 75% 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 can give to probability.
The above shows that the number of entries"Four hundred and fifty-two times." and win rate Approximately 75%." and the win rate is
We promise to provide the EA as an EA with sufficient reliability.
"If you say high win rate, doesn't that mean you're not a knickknack like the EURUSD and GBPUSD versions?"
I think some users may think that this is a good idea.
However, MUSASHI has also succeeded in achieving a high risk reward ratio.
The risk reward ratio (RR) is calculated by dividing the average winning pips by the average losing pips (absolute value).
The smaller this value is, the larger the "thump" of "knick-knacks" will seem.
The RR for MUSASHI is 17.30 ÷ 36.21 ≈ 0.48.Approximately 0.48 The RR in "MUSASHI" is "17.30 ÷ 36.21 ≒".
Figure 4 RR for each currency pair
Figure 4 shows that the RR of "MUSASHI" has a larger value than other currency pairs.
Therefore, theThe maximum SL is 70 I think that the "doka" does not seem too large, coupled with the fact that it is
The above chart shows the average profit and loss values as of 3/11.
7082/9117≒Approx. 0.78
and at this point in time, the results are better than the backtest.
It is inferior to the EURUSD and GBPUSD versions in terms of win rate, but
MUSASHI has a good balance between revenues and losses.
High Average Winning Pips 'I'm sure the pips you get for each one are low anyway, like the EURUSD version?'
We understand that those who have purchased the EURUSD version of MUSASHI are concerned.
However, MUSASHI is not only the average pips won, but also the average pips lost.
17.47 pips. The number of pips was as high as 17.47 pips.
Figure 5 Back test (3)
The average winning pips of the EURUSD version is 7.53 pips.
This is approximately twice as high.
Also, the GBPUSD version is "12.37 pips" and the
It is about 1.4 times larger.
Although the win rate is not as high as the EURUSD version
Because of the large number of pips earned at each
There was a lot of gain on every entry.
It will be a very pleasant transaction.
Therefore, "MUSASHI" is actively entered and
High profitability, steady profit accumulation, and even if you lose some money.
High recovery power to cover losses immediately.
This is a well-balanced EA.
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.
As shown in Figure 6, from 2008 to 2019 Over a period of about 12 years, the
All were positive.
Figure 6: Earnings by Age Group in SP15
It is also positive earnings in 2019, a bad year for EA.
The Company has earned high revenues.
Also, January 2020, when the market was in trouble because of the EU withdrawal and Corona, was not a problem.
It is earning revenues and
Rather thanA large profit of approximately 150 pips was made.
Also, if we look at revenue month by month, we can see that
There are a few months here and there where we have lost a lot of money.
Many years, especially in April and May, have seen large losses.
However, the company recovered significantly with subsequent earnings and
When viewed on a year-to-year basis, the
You can see that we ended up with positive earnings.
Therefore, the operation is not immediately shut down when the company loses a lot of money.
Long-term use is recommended.
This is because they can be expected to recover immediately.
However, no matter how "high the winning rate" and "high the profit," they are meaningless unless the following items are satisfied.
High RF (Recovery Factor)
High PF (Profit Factor)
No matter how high the win rate is, if the maximum drawdown is too high, I feel mentally insecure."
Many who operate EAs have probably felt this way.
That's exactly right, no matter how many wins you rack up, if the drawdowns are too large, you're not going to be able to make it to the next level.
The figure of "about 75% " for the win rate is 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
The company stopped doing business because of these fears.
We often hear of cases that result in losses.
But no problem.
MUSASHI has a very high RF (Recovery Factor) parameter.
It is an excellent EA and
It is possible to cover the issues mentioned earlier.
Fig. 7 Each parameter (at SP15)
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 you have a maximum DD, how long will it take you to recoup your losses?
(recovery)?"
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 longer the period to recover the loss.
It is a more excellent EA because it is shorter.
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 8 RF Details
The one-year RF from Figure 8 is well above the "1.02.79." mark.
This value is comparable to the famous EAs of the past.
Evidence of high recoverability, two stop losses (SL since then) in January 2020.
They have been hit by bullets.
However, neitherThe highest profits were recorded in about a week.
Figure 9: Profit and loss graph for Gogojan-den
From Figure 9, we can see high recovery not only in numbers but also in transactions.
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 a figure of1.43. The "MUSASHI" achieved a figure of "1.43".
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 martingale".
MUSASHI does not incorporate the nanpin-martingale method, and yet it trades at a high frequency.
1.43." 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
The number of entries "4522" and "1.43" is a very high number. This is a very high number.
Backtests under various conditions
Spread 15:00
Figure 10 Back test at spread 15
As can be seen in Figure 10, 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.)
Spread 20:00
Figure 11: Back test at spread 20
The earnings will, of course, be lower than at a spread of 10
It has a stable revenue curve.
Back testing with TDS 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.
Back testing with 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.
It is not possible to perform verification with such uncertainties in a normal back test.
Cannot be done.
However, backtesting with TDS is not a fixed spread.
You can know the results of back-testing with variable spreads according to the moment, and you can see the results of the back-testing with variable spreads according to the moment.
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 the results of forward testing with real accounts is considered to be extremely small.
Figure 12: Backtest Graph (Spread: Variance)
Compared to the backtest, the DD seems high and the earnings low.
This currency pair is a minor pair.
It seems to me that there is a difference between the backtest and the results.
However, even in recent years, we have seen a steady increase in revenues.
This implies that we can expect excellent performance in the market in the near future.
In fact, the real account is better than the forward results of Gogojan-dono.
We have achieved results.
In the forward results of the Gogojan, the SL was hit twice.
The second time it was hit was rather a 10 pips gain.
Figure 13: Comparison of profit and loss graphs for each account
This suggests that MUSASHI can be expected to continue to perform equally well or better in back-testing.
Compound interest feature
MUSASHI comes standard with a compound interest function.
When MaxLots is increased to the maximum, the result is as shown in the figure below.
While the simulation results in a large profit if you utilize the compound interest function.
We hope you will take this as a reference.
Please refer to "Parameters" for the calculation of the number of lots when using the compound interest function.
Figure 11: Back test when compound interest function is used
pa La. menu meter (i.e. a gauge)
MUSASHI offers a variety of parameters that can be changed.
The user is free to change the value to his/her preference.
MAGIC 1, 2Initial value: 191120 (MAGIC 1: Sold)
191121((MAGIC2: Buy))
Magic Number.
Please make sure that the number does not overlap with other EAs.
Lots (initial value: 0.5)By the number of lots at the time of entry.
The following is a summary of the results of the study.
The "MaxLots" value takes precedence over the "MaxLots" value.
Please be careful.
Example: Lots: 2.0 MaxLots: 1.0 ⇛ Lots to be adapted: 1.0
StopLoss1(initial value: 60)
This is the stop loss value of the sell entry.
StopLoss2(Default value: 70)
This is the value of the loss on the buy entry.
Takeprofit1(Default value: 60)
The value of the gain on the sell entry.
Takeprofit2 (default: 100)
The value of the gain on the buy entry.
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: 0.5)
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_EntryFilter
Enables/disables any entry time limit.
true to enable an arbitrary time limit.
EntryServerTimeFrom1~3
The start time of any entry time limit.
EntryServerTimeTo1~3
The end time of any entry time limit.
Please refer to the blog at the following URL for details regarding entry time limits.
Regarding SNS
We distribute various information from time to time.
Please take a look if you like.
Twitter: https://twitter.com/musashi_0910
Blog: https://musashi0910.hatenablog.jp/
Sales from
:
01/15/2020 09:30
Purchased
:
15
times
Price: $87.93 (taxed)
￥14,000(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 01/15/2020 09:30
Purchased
:
15
times
Price: $87.93 (taxed)
￥14,000(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