Fire_Scal
Expert Advisors
MetaTrader 4
Sales from
7/17/2020
Last Updated At
10/19/2020
Version
3.0
My Profile
ねこ博士- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
288,880JPYProfit Factor
:
1.15Rate of return risk
?
:
0.38Average Profit
:
458JPYAverage Loss
:
-1,381JPYBalance
?
:
1,288,880JPYRate of return (all periods) ?
:
15.79%Win Rate
:
77.60%
(4929/6352)
Maximum Position
?
:
21Maximum Drawdown
?
:
31.07%
(759,465JPY)
Maximum Profit
:
19,703JPYMaximum Loss
:
-40,589JPYRecommended Margin
?
:
1,828,980JPYUnrealized P/L
:
0JPYDeposit
?
:
1,000,000JPYCurrency
:
JPY- Account
Operable Brokers
Usable with MT4-adopting brokers.
Real Performance
※Displays results including swaps and fees
Forward testing (Profit)
Product Statistics
Product Comments
Monthly Statistics
2026
2025
2024
2023
2022
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
Currency Pairs
[EUR/USD]
Trading Style
[Scalping]
Maximum Number Position
30
Maximum Lot
10
Chart Time Frame
M1
Maximum Stop Loss
6000
Take Profit
15
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
This EA is not a good choice.
This EA may not perform well with vendors that have too high a spread.
Therefore, we recommend that you use domestic firms that offer a narrow Eurodollar spread as much as possible.
We recommend that you use a firm with a narrow Eurodollar spread as much as possible.
We recommend that you use a domestic firm with a narrow Eurodollar spread as much as possible.
Fire_Scal
This EA.
It is a high-frequency type of EA that operates on the 1-minute Eurodollar.
This EA is a high frequency type napin scal EA that operates on the 1 minute Eurodollar.
In many EAs, the back-test is only for a short period of time (e.g., 1 year).
Many EAs are back-tested only for a short period of time (e.g., 1 year), and when tested over a long period of time, they are actually unstable.
When we conducted a long-term test, we found that the EAs were not stable.
I think there are quite a lot of EAs that are not stable when tested over a long period of time.
However, with this EA, the back-testing period is from 2005 to 2020.
Backtested from 2005 to 2020, and as you can see in the backtest tab, the EA is not stable.
As you can see in the backtest tab
No drawdown
PF 1.9
18,000 trades
Profit $33,000
The results are as follows.
Long-term backtests have shown
No drawdowns
and the frequency of trades is also high.
I hope you can understand the high superiority of this EA's logic.
Features of this EA
The features of this EA are
The spread is very narrow, so it can be used for "Eurodollar".
High frequency of trades
Stop Loss" can be set.
High profitability (expected profit of 10,000 to 20,000 yen per month)
(This is only based on historical data, so there is a possibility of negative or more than invested losses depending on future market conditions)
This is one of the features of the system.
There are various types of nanpin EAs.
There are various types of EAs, but the balance between risk and return is very important.
The balance between risk and return is very important.
EAs with a good balance between risk and return are
EAs with a good balance between risk and return are "good EAs.
This EA is
Low risk, but
While the risk is low, "stable and large profit (= about 10,000 to 20,000 yen/month)" can be expected.
This EA is truly an "excellent nanpin EA".
(*The fact that the target currency is the Eurodollar, which has extremely narrow spreads, is also a key point.)
Expected profit
In this EA
With the default setting (initial lot = 0.01Lot)
The expected profit is 10,000 yen to 20,000 yen per month.
The expected profit is "10,000 yen to 20,000 yen per month".
This is based on the back-test results.
The back-test result is +$33,000 for the period from 2005 to 2020.
This value is calculated based on the back-test result of "+$33,000 from 2005 to 2020".
(This is based on historical data only, so future market conditions may result in a negative return or a loss greater than your investment.)
Analysis results by Quant Analyzer
As a reference material, we have prepared a report on the results of analyzing this EA with Quant Analyzer.
The following is a report of the results of analysis of this EA by Quant Analyzer.
The following is a report of the results of the analysis of this EA using Quant Analyzer.
<Summary of Test Results
<Analysis Graph
<Revenue graph (time base)
As mentioned above, the EA's
We believe that you will appreciate the stable trading frequency and also the high profitability of this EA.
The maximum stop-loss value is as follows.
In the case of nanpin EAs, the maximum stop loss value is
No Stop Loss" = Entry until the account goes bankrupt.
However, this EA sets the maximum stop loss value at "maximum $6,000".
In this EA, the maximum stop loss value is set at a maximum of $6,000.
This EA has a maximum stop loss value of $6,000.
This value can be changed as needed.
We hope you will adjust the value according to your funds before using this EA.
There is no guarantee that you will not lose 100% of your money.
Therefore, we believe that it is very important to operate EAs with "limited maximum risk" to ensure that you will not lose 100% of your money.
We believe that it is very important to ensure that the maximum risk is limited.
The profit margin is the amount of the profit.
In this EA
TP=15" is set in this EA.
The EA will repeatedly make a profit of about 15 pips per trade.
(In the case of 0.01 lot operation, the profit will be approximately +150 yen.)
However, depending on the situation, when you have multiple positions, you can make even larger profits (e.g., +15 pips per trade).
However, if you have multiple positions, the profit may be larger than that (e.g., 150 yen to 750 yen).
Such a larger profit can be a "bonus" for you.
We believe that you can receive such a large profit as a "bonus".
For more details, please refer to the
For more details, please refer to the forward test.
Safety Entry System
In a general EA, when the rate goes against the market, it is not possible to enter the market.
When the rate goes against the market, the number of positions is increased rapidly.
In most EAs, the number of positions is increased rapidly when the rate goes against the market.
In such a case
If the price returns well, it is good, but if the price does not return, or if the price moves one way, it is not good.
But if the price does not return, and the price movement is one-sided, the number of positions held
If the price does not return and the price moves one way or the other, the number of positions you have may swell up at once.
In this EA, the number of positions held is
In order to avoid such a situation
The third position is taken quickly to a certain extent.
To avoid such a situation, this EA takes a position quickly to a certain extent.
After the fourth position, we will increase the number of positions
We will increase the number of positions with more caution and safety.
This allows us to take positions with a certain degree of speed up to the third position.
"trading frequency" is high, but
"lower-risk, safety-oriented trades".
This is how we achieve our "lower-risk, safety-oriented trading" despite our "trading frequency.
This point (i.e., the safety-oriented design) is not
The "high risk" type of Martin EA and the "high risk" type of
I think this point (i.e., safety-oriented design) is very different from the high-risk
I think this is a big difference from the high-risk Martin EAs on the market.
[Relationship to powder snow and blizzard
This EA is a
Because it is a new logic EA
This EA is a new logic EA, so it is completely different from the EAs
This EA is completely different from both Kousetsu and Blizzard EAs that are already on sale at our company.
In addition, as for the image
(Emphasis on safety)
powder snow
Blizzard
Fire_Scal
(Profitability oriented)
and so on.
Powder Snow is the EA that emphasizes "safety" the most, and
Fire_Scal is the EA that focuses most on profitability.
Fire_Scal is the EA that places the most emphasis on profitability.
(This is based on the backtests of each EA, and the results of the backtests of each EA.
(I think you can understand this from the backtests of each EA, such as "trade frequency, profitability, and maximum drawdown.
(I am sure you can understand this from the backtests of each EA.)
The "Low-budget mode" is a mode for low-budget traders.
In this EA
Maximum stop loss = $6,000.
Maximum position = 30
The margin requirement is also quite large.
The margin requirement is also quite large.
However, we understand that there are those who want to operate with smaller assets.
Therefore, we have added a "maximum stop-loss value".
Maximum Stop Loss
We have prepared a mode that allows you to operate even with a small
We have prepared a mode that allows you to operate with a small maximum stop-loss value and maximum number of positions.
That is
Low_Cost_Mode.
By default, it is set to
Low_Cost_Mode=0
(In this case, MaxLose = 6000, MaxPosition = 30).
(In this case, MaxLose = 6000, MaxPosition = 30.
(In this case, [MaxLose = 6000, MaxPosition = 30], the operation can be performed with no drawdown on the back test.
(MaxLose = approx. 600,000 yen, MaxLot = 4.36Lot)
And this can be converted to
Low_Cost_Mode=1
and then, setting
MaxLose = 3000, MaxPosition = 15
(MaxLose = 300,000 yen, MaxPosition = 15).
(MaxLoss = approx. 300,000 yen, MaxLot held = 1.21Lot)
In addition, the following settings are available
Low_Cost_Mode = 2
and then set
MaxLose = 2000, MaxPosition = 10
MaxLose = 2000, MaxPosition = 10], it will be possible to operate without drawdowns.
(MaxLoss = approx. 200,000 yen, MaxLot held = 0.46Lot)
The above "maximum stop-loss value" etc. is based on the following formula.
The above "maximum stop-loss value" and other values are the values that have been used for the past 15 years without a single drawdown.
The above "maximum stop loss value" is the value that we have overcome for the past 15 years without a single drawdown.
In actual operation for the next several years or so, it is
In actual operation for the next few years, it is possible that the maximum unrealized loss and the maximum number of positions will not be
It is quite possible that the maximum unrealized loss and the maximum number of positions will be maintained.
In addition, the above
Low_Cost_Mode=1
Low_Cost_Mode=1
The results of the back test with Low_Cost_Mode=1 and Low_Cost_Mode=2 are shown below for your reference.
Please refer to the following table.
<(1)Test result with Low_Cost_Mode=1 ([MaxLose = 3000, MaxPosition = 15])
<(2)Test results for Low_Cost_Mode=2 ([MaxLose = 2000, MaxPosition = 10])
[Regarding vendors who will be operating...
This EA is a
Since this EA is a "Nanpin EA," we recommend that you use a firm that allows low-lot entry.
We recommend the firms that can enter the market with low lot size.
For example, "Gaitame Finest (from 0.01 lot)" and so on.
For example, "Gaitame Finest (from 0.01Lot)" and other domestic firms that allow entry with 0.01Lot are recommended.
We recommend the following
(Summary)
Conventional EAs for nan-pinning have
The maximum stop-loss value is not set, or
or the "maximum number of positions to hold" is too large.
I think there were quite a few EAs that were purchased but could not be used in practice.
I think there were quite a few cases like that.
On the other hand
In this EA, as mentioned above, you can choose your operation style from 3 patterns depending on your assets.
You can choose your operation style from three patterns, depending on your assets.
You can choose from three different operating styles according to your assets, as described above.
You can choose the most appropriate setting for your trading style based on the balance between your assets, trading frequency, and profitability.
Specifically, the following three patterns are available
Low_Cost_Mode=0 (default, ultra high frequency, high profitability setting)
Low_Cost_Mode=1, low budget mode 1
Low_Cost_Mode=2, low budget mode 2
Low_Cost_Mode=2, Low_Budget_Mode2, and Low_Cost_Mode=1.
In each of the three modes, the following conditions can be set
No drawdowns have been observed in the back tests.
We believe that you will be able to use this EA in the best condition according to your various asset conditions.
(*In a sense, you can also look at it as three EAs in one EA.)
<(In a sense, you could say that three EAs are contained in one EA.
This EA is a nanpin type EA, so the maximum SL is wide.
The maximum SL is wide.
However, the maximum SL is wide.
However, the maximum SL is wide, but you can expect to earn about 10,000 yen every month with a high probability.
Therefore, it is possible to think of it as a "win-win" strategy.
This is because
If you stop operation after one month from the start of operation, you can win +10,000 yen and run away with it.
If you stop operation after 2 months of operation, you can escape with an additional 20,000 yen.
If you stop operation after 5 months of operation, you can get away with +50,000 yen.
(The initial lot size is set at 0.5.
(If you increase the initial lot size from 0.01 lot to 0.02 lot
(If you raise the initial lot from 0.01 to 0.02 lot, you can aim for even higher profits.)
(This is based on past data only.
(This information is based on historical data, so depending on future market conditions, there may be cases of negative returns or losses greater than the amount invested.)
Of course, you will be able to see how the EA works while actually operating it.
You will be able to see how the EA works while actually running the EA, and you will be able to see how the EA is performing.
We will also ask you to check whether the EA is trading stably and how reliable it is.
We will also check the reliability of the EAs and other aspects of the EAs.
When to win and when to run away?
You will be able to decide when to win and when to run away from the EA.
EAs with narrow SLs
At first glance, it may appear to be safe.
However, from the opposite point of view, it is easy to have a losing streak.
And, by losing repeatedly, it becomes the life span of the EA.
EA's lifespan, and it will stop operating.
In this EA, the
The wide SL makes it possible to have a larger loss in the event of an emergency, but
However, the probability of losing is much lower due to the wide SL, so you only need to decide [when to win and run away].
All you have to do is to think about "when to win and run away.
"With a high probability, you can end up using the EA with a positive profit.
We believe that we can make it possible to "end the use of EA with a high probability of positive profit".
<About the necessary funds
This EA assumes "maximum risk" such as the collapse of Lehman Brothers, etc. The more funds you have, the safer the operation will be.
The more funds you have, the safer the operation will be. (about 500,000-1,000,000 yen or more)
However, in normal market conditions
The number of positions does not increase that much.
In the normal market, however, the number of positions does not increase that much, and even a small amount of money can be used without any problems.
As a matter of fact
As of 9/25/2020, the [recommended margin] of this EA is
As stated at the top of the sales page
As of 9/25/2020, the recommended margin for this EA is 126381 yen, as stated at the top of the sales page.
This means that if you have 126,000 yen in your account
If you have 126,000 yen in your account, you can get the profit (about +40,000 yen) as shown in the forward test.
This means that if you have 126,000 yen in your account, you can earn the same amount as in the forward test.
In this sense, it means that
"Even with a small amount of money, as long as the market conditions are not too rough
As long as the market condition is not rough, you can operate without any problem.
This means that even with a small amount of money, as long as the market conditions are not rough, you can operate without any problems.
Of course, if you expect to "operate even in rough market conditions" in the long term, it is better to have sufficient funds (500,000-1,000,000 yen or more).
It is better to have sufficient funds (500,000 yen to 1,000,000 yen or more) to avoid the possibility of drawdowns.
The possibility of drawdowns can be reduced.
<Summary
This EA has a very high winning rate, but it is not an EA that guarantees undefeated.
However, it is not an EA that guarantees undefeated.
Please use it with full understanding that there is a risk of maximum SL. m(_ _)m
Dr. Cat
Sales from
:
07/17/2020 05:37
Purchased
:
53
times
Price: $157.16 (taxed)
¥25,000(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 07/17/2020 05:37
Purchased
:
53
times
Price: $157.16 (taxed)
¥25,000(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
About Forex Automated Trading
What is Forex Automated Trading (MT4 EA)?
Forex Automated Trading refers to trading that is automated through programming, incorporating predetermined trading and settlement rules. There are various methods to conduct automated trading, but at GogoJungle, we deal with Experts Advisors (hereinafter referred to as EA) that operate on a trading platform called MT4.
Trading Types of Forex Automated Trading
There are various types of EAs (Expert Advisors) for different trading types that can be used on MT4.
Just like discretionary trading, there are those that decide trading and settlement timings by combining indicators, those that repeatedly buy or sell at certain price (pips) intervals, and trading methods that utilize market anomalies or temporal features. The variety is as rich as the methods in discretionary trading.
To categorize simply,
・Scalping (Type where trades are completed within a few minutes to a few hours),
・Day Trading (Type where trades are completed within several hours to about a day),
・Swing Trading (Type where trades are conducted over a relatively long period of about 1 day to 1 week)
・Grid/Martingale Trading (Holding multiple positions at equal or unequal intervals and settling all once a profit is made. Those that gradually increase the lot number are called Martingale.)
・Anomaly EA (Mid-price trading, early morning scalping)
Just like discretionary trading, there are those that decide trading and settlement timings by combining indicators, those that repeatedly buy or sell at certain price (pips) intervals, and trading methods that utilize market anomalies or temporal features. The variety is as rich as the methods in discretionary trading.
To categorize simply,
・Scalping (Type where trades are completed within a few minutes to a few hours),
・Day Trading (Type where trades are completed within several hours to about a day),
・Swing Trading (Type where trades are conducted over a relatively long period of about 1 day to 1 week)
・Grid/Martingale Trading (Holding multiple positions at equal or unequal intervals and settling all once a profit is made. Those that gradually increase the lot number are called Martingale.)
・Anomaly EA (Mid-price trading, early morning scalping)
Risks, Advantages, and Disadvantages of Forex Automated Trading
When engaging in Forex, there are risks in automated trading just as there are in discretionary trading.
However, a substantial advantage of automated trading is its ability to limit and predict risks beforehand.
[Risk]
Inherent to forex trading are the trading risks that undeniably exist in automated trading as well.
・Lot Size Risk
Increasing the lot size forcibly due to a high winning rate can, in rare instances, depending on the EA, lead to substantial Pips loss when a loss occurs. It is crucial to verify the SL Pips and the number of positions held before operating with an appropriate lot.
・Rapid Market Fluctuation Risk
There are instances where market prices fluctuate rapidly due to index announcements or unforeseen news. System trading does not account for such unpredictable market movements, rendering it incapable of making decisions on whether to settle in advance or abstain from trading. As a countermeasure, utilizing tools that halt the EA based on indicator announcements or the VIX (fear index) is also possible.
[Benefits]
・Operates 24 hours a day
If there is an opportunity, system trading will execute trades on your behalf consistently. It proves to be an extremely convenient tool for those unable to allocate time to trading.
・Trades dispassionately without being swayed by emotions
There is an absence of self-serving rule modifications, a common human tendency, such as increasing the lot size after consecutive losses in discretionary trading or, conversely, hastily securing profits with minimal gains.
・Accessible for beginners
To engage in Forex trading, there is no prerequisite to study; anyone using system trading will achieve the same results.
[Disadvantages]
・Cannot increase trading frequency at will
Since system trading operates based on pre-programmed conditions, depending on the type of EA, it might only execute trades a few times a month.
・Suitability may vary with market conditions
Depending on the trading type of the EA, there are periods more suited to trend trading and periods more suited to contrarian trading, making consistent results across all periods unlikely. While the previous year might have yielded good results, this year's performance might not be as promising, necessitating some level of discretion in determining whether it is an opportune time to operate.
However, a substantial advantage of automated trading is its ability to limit and predict risks beforehand.
[Risk]
Inherent to forex trading are the trading risks that undeniably exist in automated trading as well.
・Lot Size Risk
Increasing the lot size forcibly due to a high winning rate can, in rare instances, depending on the EA, lead to substantial Pips loss when a loss occurs. It is crucial to verify the SL Pips and the number of positions held before operating with an appropriate lot.
・Rapid Market Fluctuation Risk
There are instances where market prices fluctuate rapidly due to index announcements or unforeseen news. System trading does not account for such unpredictable market movements, rendering it incapable of making decisions on whether to settle in advance or abstain from trading. As a countermeasure, utilizing tools that halt the EA based on indicator announcements or the VIX (fear index) is also possible.
[Benefits]
・Operates 24 hours a day
If there is an opportunity, system trading will execute trades on your behalf consistently. It proves to be an extremely convenient tool for those unable to allocate time to trading.
・Trades dispassionately without being swayed by emotions
There is an absence of self-serving rule modifications, a common human tendency, such as increasing the lot size after consecutive losses in discretionary trading or, conversely, hastily securing profits with minimal gains.
・Accessible for beginners
To engage in Forex trading, there is no prerequisite to study; anyone using system trading will achieve the same results.
[Disadvantages]
・Cannot increase trading frequency at will
Since system trading operates based on pre-programmed conditions, depending on the type of EA, it might only execute trades a few times a month.
・Suitability may vary with market conditions
Depending on the trading type of the EA, there are periods more suited to trend trading and periods more suited to contrarian trading, making consistent results across all periods unlikely. While the previous year might have yielded good results, this year's performance might not be as promising, necessitating some level of discretion in determining whether it is an opportune time to operate.
Equipment and Environment Needed for Automated Trading Operation
The requirements for operating automated trading (EA) on MT4 are as follows:
・MT4 (MetaTrader 4. An account needs to be opened with a Forex company that offers MT4.)
・EA (A program for automated trading)
・The operating deposit required to run the EA
・A PC that can run 24 hours or a VPS (Virtual Private Server), where a virtual PC is hosted on a cloud server to run MT4.
・MT4 (MetaTrader 4. An account needs to be opened with a Forex company that offers MT4.)
・EA (A program for automated trading)
・The operating deposit required to run the EA
・A PC that can run 24 hours or a VPS (Virtual Private Server), where a virtual PC is hosted on a cloud server to run MT4.
Installation of MT4 and Account Login
If you open an account with a forex broker that supports MT4, you can use MT4 as provided by that forex broker. MT4 is a stand-alone type of software that needs to be installed on your computer, so you download the program file from the website of the FX company where you opened the account and install it on your computer.
Additionally, there are both demo and real accounts available. You can experience trading with virtual money by applying for a demo account. After opening a real account, you select the connection server assigned by the Forex broker, enter the password, and log in to the account.
When you deposit money into your account using the method specified by the forex broker, the funds will be reflected in your MT4 account, and you can trade.
Additionally, there are both demo and real accounts available. You can experience trading with virtual money by applying for a demo account. After opening a real account, you select the connection server assigned by the Forex broker, enter the password, and log in to the account.
When you deposit money into your account using the method specified by the forex broker, the funds will be reflected in your MT4 account, and you can trade.
How to Install EA on MT4
To set up an EA when you purchase it through GogoJungle, follow the steps below:
Firstly, download the purchased EA file from your My Page on GogoJungle. You will download a zip (compressed) file, so right-click to extract it and retrieve the file named ‘◯◯◯ (EA name)_A19GAw09 (any 8 alphanumeric characters).ex4’ from inside.
Next, launch MT4 and navigate to ‘File’ → ‘Open Data Folder’ → ‘MQL4’ → ‘Experts’ folder, and place the ex4 file inside. Once done, close MT4 and restart it. Then, go to the upper menu ‘Tools’ → ‘Options’, and under ‘Expert Advisors’, ensure ‘Allow automated trading’ and ‘Allow DLL imports’ are checked, then press OK to close.
The necessary currency pair and time frame for the correct operation of the EA are specified on the EA sales page. Refer to this information and open the chart of the correct currency pair time frame (e.g., USDJPY5M for a USD/Yen 5-minute chart).
Within the menu navigator, under ‘Expert Advisors’, you will find the EA file name you placed earlier. Click to select it, then drag & drop it directly onto the chart to load the EA. Alternatively, you can double-click the EA name to load it onto the selected chart.
If ‘Authentication Success’ appears in the upper left of the chart, the authentication has been successful. To operate the EA, you need to keep your PC running 24 hours. Therefore, either disable the automatic sleep function or host MT4 on a VPS and operate the EA.
Firstly, download the purchased EA file from your My Page on GogoJungle. You will download a zip (compressed) file, so right-click to extract it and retrieve the file named ‘◯◯◯ (EA name)_A19GAw09 (any 8 alphanumeric characters).ex4’ from inside.
Next, launch MT4 and navigate to ‘File’ → ‘Open Data Folder’ → ‘MQL4’ → ‘Experts’ folder, and place the ex4 file inside. Once done, close MT4 and restart it. Then, go to the upper menu ‘Tools’ → ‘Options’, and under ‘Expert Advisors’, ensure ‘Allow automated trading’ and ‘Allow DLL imports’ are checked, then press OK to close.
The necessary currency pair and time frame for the correct operation of the EA are specified on the EA sales page. Refer to this information and open the chart of the correct currency pair time frame (e.g., USDJPY5M for a USD/Yen 5-minute chart).
Within the menu navigator, under ‘Expert Advisors’, you will find the EA file name you placed earlier. Click to select it, then drag & drop it directly onto the chart to load the EA. Alternatively, you can double-click the EA name to load it onto the selected chart.
If ‘Authentication Success’ appears in the upper left of the chart, the authentication has been successful. To operate the EA, you need to keep your PC running 24 hours. Therefore, either disable the automatic sleep function or host MT4 on a VPS and operate the EA.
In Case You Want to Change the Account in Use
EAs from GogoJungle can be used with one real account and one demo account per EA.
If you want to use it with an account other than the authenticated one, you need to reset the registered account.
To reset the account, close the MT4 where the Web authentication is registered, then go to My Page on GogoJungle > Use > Digital Contents > the relevant EA > press the ‘Reset’ button for the registration number, and the registered account will be released.
When the account is in a reset state, using the EA with another MT4 account will register a new account.
Also, you can reset the account an unlimited number of times.
If you want to use it with an account other than the authenticated one, you need to reset the registered account.
To reset the account, close the MT4 where the Web authentication is registered, then go to My Page on GogoJungle > Use > Digital Contents > the relevant EA > press the ‘Reset’ button for the registration number, and the registered account will be released.
When the account is in a reset state, using the EA with another MT4 account will register a new account.
Also, you can reset the account an unlimited number of times.
Solutions for Errors During Web Authentication or Non-Functional Account Trading
If you encounter an error with Web authentication, or if the EA is trading on GogoJungle's forward performance page but not on your own account, there could be various reasons. For more details, please refer to the following link:
→ Items to Check When EA is Not Operating
→ Items to Check When EA is Not Operating
About the Size of Trading Lots
In Forex trading, the size of a lot is usually:
1 lot = 100,000 currency units
0.1 lot = 10,000 currency units
0.01 lot = 1,000 currency units
For USD/JPY, 1 lot would mean holding 100,000 dollars.
The margin required to hold lots is determined by the leverage set by the Forex broker.
If the leverage is 25 times, the margin required to hold 10,000 currency units of USD/JPY would be:
10000*109 (※ at a rate of 109 yen per dollar) ÷ 25 = 43,600 yen.
1 lot = 100,000 currency units
0.1 lot = 10,000 currency units
0.01 lot = 1,000 currency units
For USD/JPY, 1 lot would mean holding 100,000 dollars.
The margin required to hold lots is determined by the leverage set by the Forex broker.
If the leverage is 25 times, the margin required to hold 10,000 currency units of USD/JPY would be:
10000*109 (※ at a rate of 109 yen per dollar) ÷ 25 = 43,600 yen.
Glossary of Automated Trading
・Profit Factor: Total Profit ÷ Total Loss
・Risk-Return Ratio: Total Profit and Loss during the period ÷ Maximum Drawdown
・Maximum Drawdown: The largest unrealized loss during the operation period
・Maximum Position Number: This is the maximum number of positions that the EA can theoretically hold at the same time
・TP (Take Profit): The set profit-taking Pips (or specified amount, etc.) in the EA's settings
・SL (Stop Loss): The set maximum loss pips (or specified amount, etc.) in the EA's settings
・Trailing Stop: Instead of settling at a specified Pips, once a certain profit is made, the settlement SL is raised at a certain interval (towards the profit), maximizing the profit. It is a method of settlement.
・Risk-Reward Ratio (Payoff Ratio): Average Profit ÷ Average Loss
・Hedging: Holding both buy and sell positions simultaneously (Some FX companies also have types where hedging is not allowed)
・Risk-Return Ratio: Total Profit and Loss during the period ÷ Maximum Drawdown
・Maximum Drawdown: The largest unrealized loss during the operation period
・Maximum Position Number: This is the maximum number of positions that the EA can theoretically hold at the same time
・TP (Take Profit): The set profit-taking Pips (or specified amount, etc.) in the EA's settings
・SL (Stop Loss): The set maximum loss pips (or specified amount, etc.) in the EA's settings
・Trailing Stop: Instead of settling at a specified Pips, once a certain profit is made, the settlement SL is raised at a certain interval (towards the profit), maximizing the profit. It is a method of settlement.
・Risk-Reward Ratio (Payoff Ratio): Average Profit ÷ Average Loss
・Hedging: Holding both buy and sell positions simultaneously (Some FX companies also have types where hedging is not allowed)
Useful related pages
・How to Install MT4 EA (Expert Advisor) and Indicators
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working
