カタサンカク
Expert Advisors
MetaTrader 4
Sales from
9/9/2020
Last Updated At
12/23/2020
Version
2.36
My Profile
es- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
327,770JPYProfit Factor
:
1.06Rate of return risk
?
:
0.29Average Profit
:
9,385JPYAverage Loss
:
-18,021JPYBalance
?
:
1,327,770JPYRate of return (all periods) ?
:
8.68%Win Rate
:
67.06%
(1071/1597)
Maximum Position
?
:
2Maximum Drawdown
?
:
23.46%
(1,146,820JPY)
Maximum Profit
:
59,323JPYMaximum Loss
:
-106,641JPYRecommended Margin
?
:
3,774,010JPYUnrealized P/L
:
-3,010JPYDeposit
?
:
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/CHF]
Trading Style
[Scalping]
Maximum Number Position
1
Maximum Lot
100
Chart Time Frame
M15
Maximum Stop Loss
80
Take Profit
0
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
All wins per year in 15 years, more than 5,000 trades, 1 position
Trendline-based scalping EA
Thank you for visiting our product.
This is a scalping EA based on the trend line.
The supported currency is EURCHF.
The maximum position is 1 without averaging down
Trading hours are from 0:30 to 15:30 Japan time (in standard time)
Operates for about 15 hours
[Buying and selling image logic]
It is a state of actual buying and selling (15 minutes)
Aiming for the characteristics of EURCHF, which tends to be in the range
Frequently set up reverse scalping.
・About SL
SL is set based on the price range of the latest market price due to fluctuations.
As of October 2020, the most recent year is 45-65 pips, and the average value is
about 53 pips.
The maximum SL is 80, but 80 was the best including the time when the price range was wider than the present in the past 15 years.
If you use the lot calculation function Use_MaxLoss
The higher the SL, the lower the lot, so I think that risk management can be done there.
[Back test result]
DukasCopy variable spread
January 2005-November 2020
January 2015-November 2020
Spread 15
Since 2005
All wins on a yearly basis, more than 5,000 transactionsIt has become. (Result of variable spread)
・ About 2014
2014 was a bad year, but at that time it was affected by the Swiss Central Bank's EURCHF 1.2 cap declaration.
It seems that it was a peculiar market with very low volatility, and I think that is having
an effect.
However, 2014 is also winning on a yearly basis.
[Parameter]
The parameters of this EA are as follows.
At first glance it seems that there are many parameters
There is no problem if you set only the GMT Offset and the lot calculation part.
MagicNumber MagicNumber
GMTOffsetSummerTime GMT offset during daylight savings time. If the server is GMT + 3 for daylight saving time and GMT + 2 for standard time, enter 3. Fixed all year round.
StartHour Trade start time (hour)
StartMinute Trade start time (minutes)
EndHour Trade end time (hour)
EndMinute Trade end time (minutes)
StartMondayHour Monday start time (hour) Monday starts from this time.
EndFridayHour Friday End Time (Hour) We will trade on Friday until this time.
Use_FridayClose Whether or not to use compulsory settlement on Friday. If you have a position, settle at the following time. It is used to prevent carry-over on weekends.
CloseFridayHour Friday compulsory settlement time (hour)
CloseFridayMinute Friday compulsory settlement time (minutes)
JPYAccount Whether or not a yen account is used.
It is used for lot calculation when using Use_MM and Use_MaxLoss below.
If set to false, the lot will be 100 times larger than when true.
Use_MM Whether or not to use the lot setting function according to the surplus margin.
Risk Valid when Use_MM = true. Percentage of lots to AccountType (balance, effective margin, surplus margin) (%)
Lot calculation example when Use_MM = true (when JPYAccount = true, AccountType = 3 (free margin))
Example (1) When the free margin is 1 million and Risk is 10, 1 lot is ordered.
Example (2) When the free margin is 1 million and Risk is 5, 0.5 lot is ordered.
Use_MaxLoss Whether or not to use the function to set the lot based on the maximum loss rate for the surplus margin of each trade.
MaxLossPercent Valid when Use_MaxLoss is true. Maximum loss rate (%) per trade for AccountType (balance, effective margin, free margin)
(The maximum loss rate is not an accurate number. Since SL is variable, the purpose is to manage risk by lowering the lot as SL goes up.)
Lot calculation formula / example when Use_MaxLoss = true (when JPYAccount = ture, AccountType = 3 (free margin))
Lot calculation formula = [free margin x MaxLossPercent / 100 / SL x 0.001]
Example (2) When the free margin is 1 million, MaxLossPercent is 10, SL100, 1 lot is ordered.
Example (2) When the free margin is 1 million, MaxLossPercent is 10, SL50, 2 lots are ordered.
AccountType Use_MM, Use_MaxLoss calculation source type
1 = Balance base
2 = Equity base
3 (other than 1 and 2) = Free margin base
Whether to set the maximum number of lots when Use_MaxLots = Use_MM or Use_MaxLoss is true
MaxLots = Valid when Use_MaxLots is true. Maximum lot number
FixedLots Use_MM = false、Valid when Use_MaxLoss = false. lots ordered
SlippagePips Slippage（pips）
Use_EntryMaxSpread Whether spread filter is set at the time of entry
EntryMaxSpread Spread filter value at entry. If the spread is greater than or equal to this value, no entry will be made (point).
Use_CloseMaxSpread Whether spread filter is set at the time of settlement
CloseMaxSpread The value of the spread filter at the time of settlement. If the spread is above this value, it will not be settled (point)
PrintSpreadFilterLog Whether or not there is a spread filter log output.
If set to true, the spread value when the spread filter is applied will be output to the expert.
Use_NETimeFilter Whether or not a time filter is used to avoid indicators. If true, do not trade in time. (Two can be set)
NETimeFilter_StartHour NETimeFilter start time (hour)
NETimeFilter_StartMinute NETimeFilter start time (minutes)
NETimeFilter_EndHour NETimeFilter end time (hour)
NETimeFilter_EndMinute NETimeFilter end time (minutes)
Use_TimeClose Whether to use time payment. It is used to close the position before the index. (Two can be set)
TimeCloseHour Time Settlement time (hour)
TimeCloseMinute Time Settlement time (minutes)
AddTimeCloseMinute Additional time (minutes) for time settlement Set in case payment cannot be made at the specified time due to line interruption, etc.
(Applies to both Use_TimeClose_1 and Use_TimeClose_2)
Example
TimeClose = 12:25
AddTimeCloseMinute = 5
Closed if you have a position at 12:25 --12; 30
However, AddTimeCloseMinute will be disabled when the TimeClose time, which is the sum of GMT Offset, is after 24:00.
Example
GMTOffset + TimeClose = 23:58
AddTimeCloseMinute = 5
TimeClose is valid until 23:58-23:59
Use_MaxSL Whether or not the maximum SL is set
MaxSL Maximum SL value. Do not set SL larger than this (pips)
VolatilitySLValue SL fluctuation value. The larger this value, the larger the SL.
Use_FixedSL Whether or not fixed SL is set
FixedSL Valid when Use_FixedSL = true. Fixed SL value (pips)
Use_StealthSL Whether or not Stealth SL is used. If set to true, the SL will be placed farther than the original position (a fake SL will be placed), and if a loss greater than the original SL occurs, payment will be made.
It prevents the SL from being settled when the spread is widened.
Specifications when Use_StealthSL = true
1 SL = Original SL + StealthSL Lips
2 StealthSL (actual SL) = SL --StealthSL Lips
(In pips unit)
* Since "Stealth SL = SL --Stealth SL Lips"
Please be careful when playing with this parameter or SL while holding the position.
Use_DrawingStealthSL Valid when Use_StealthSL is true. Draw the settlement price of Stealth SL on the chart.
See the explanation of StealthSL Lips Use_StealthSL
.
Comment
Use_Comment Whether or not to display the comment on the chart. Set to false to speed up backtesting.
[Other settings, etc.]
[Setting the maximum number of bars on the chart]
Due to the calculation of internal logic, the maximum number of bars in the chart must be set to 300 or more.
(Tools on the upper left of MT4 → Options → Lower right of the chart)
There is no problem if it is the default setting of MT4, but if it is set to less than 300 by any chance
Please set it to 300 or more.
If it is less than 300, no entry will be made and a log indicating that the number of bars is insufficient will be output.
Also, due to logic,
If the number of bars on a daily basis is 20 or less, backtesting will not be possible
Please backtest about a month after the oldest data.
If it is 20 or less, the back test will be canceled.
*The day of the week such as Monday start time and Friday forced settlement is based on the day of the week of your MT4 server.
Therefore, GMT0 and GMT + 9 brokers may not support these.
Only brokers with standard time GMT + 2 and daylight saving time GMT + 3 carry out operation checks.
＊Because it will be an EA that is strongly affected by spreads
We strongly recommend that you use a broker with narrow spurs and strong contracts.
＊There are cases where the trailing stop is activated.
If you are a broker with a stop level, you may get an error.
Since settlements are made at places other than the trailing stop, there is no reason why settlements cannot be made.
＊The default setting for daylight saving time is from 23:30 to 14:30 Japan time, and from 0:30 to 15:30 Japan time for standard time.
There is no need to change the GMT Offset, etc. by repeating standard time and daylight saving time. (It may be necessary if you are a GMT0 vendor etc.)
＊This EA is applied to the spread filter when the spread widens in the early morning of Japan time.
In most cases, neither entry nor payment is made.
Since the back test is performed by applying a variable spread and a spread filter, the actual market price is reproduced.
Aiming for the characteristics of EURCHF, which tends to be in the range
Frequently set up reverse scalping.
・About SL
SL is set based on the price range of the latest market price due to fluctuations.
As of October 2020, the most recent year is 45-65 pips, and the average value is
about 53 pips.
The maximum SL is 80, but 80 was the best including the time when the price range was wider than the present in the past 15 years.
If you use the lot calculation function Use_MaxLoss
The higher the SL, the lower the lot, so I think that risk management can be done there.
[Back test result]
DukasCopy variable spread
January 2005-November 2020
January 2015-November 2020
Spread 15
Since 2005
All wins on a yearly basis, more than 5,000 transactionsIt has become. (Result of variable spread)
・ About 2014
2014 was a bad year, but at that time it was affected by the Swiss Central Bank's EURCHF 1.2 cap declaration.
It seems that it was a peculiar market with very low volatility, and I think that is having
an effect.
However, 2014 is also winning on a yearly basis.
[Parameter]
The parameters of this EA are as follows.
At first glance it seems that there are many parameters
There is no problem if you set only the GMT Offset and the lot calculation part.
MagicNumber MagicNumber
GMTOffsetSummerTime GMT offset during daylight savings time. If the server is GMT + 3 for daylight saving time and GMT + 2 for standard time, enter 3. Fixed all year round.
StartHour Trade start time (hour)
StartMinute Trade start time (minutes)
EndHour Trade end time (hour)
EndMinute Trade end time (minutes)
StartMondayHour Monday start time (hour) Monday starts from this time.
EndFridayHour Friday End Time (Hour) We will trade on Friday until this time.
Use_FridayClose Whether or not to use compulsory settlement on Friday. If you have a position, settle at the following time. It is used to prevent carry-over on weekends.
CloseFridayHour Friday compulsory settlement time (hour)
CloseFridayMinute Friday compulsory settlement time (minutes)
JPYAccount Whether or not a yen account is used.
It is used for lot calculation when using Use_MM and Use_MaxLoss below.
If set to false, the lot will be 100 times larger than when true.
Use_MM Whether or not to use the lot setting function according to the surplus margin.
Risk Valid when Use_MM = true. Percentage of lots to AccountType (balance, effective margin, surplus margin) (%)
Lot calculation example when Use_MM = true (when JPYAccount = true, AccountType = 3 (free margin))
Example (1) When the free margin is 1 million and Risk is 10, 1 lot is ordered.
Example (2) When the free margin is 1 million and Risk is 5, 0.5 lot is ordered.
Use_MaxLoss Whether or not to use the function to set the lot based on the maximum loss rate for the surplus margin of each trade.
MaxLossPercent Valid when Use_MaxLoss is true. Maximum loss rate (%) per trade for AccountType (balance, effective margin, free margin)
(The maximum loss rate is not an accurate number. Since SL is variable, the purpose is to manage risk by lowering the lot as SL goes up.)
Lot calculation formula / example when Use_MaxLoss = true (when JPYAccount = ture, AccountType = 3 (free margin))
Lot calculation formula = [free margin x MaxLossPercent / 100 / SL x 0.001]
Example (2) When the free margin is 1 million, MaxLossPercent is 10, SL100, 1 lot is ordered.
Example (2) When the free margin is 1 million, MaxLossPercent is 10, SL50, 2 lots are ordered.
AccountType Use_MM, Use_MaxLoss calculation source type
1 = Balance base
2 = Equity base
3 (other than 1 and 2) = Free margin base
Whether to set the maximum number of lots when Use_MaxLots = Use_MM or Use_MaxLoss is true
MaxLots = Valid when Use_MaxLots is true. Maximum lot number
FixedLots Use_MM = false、Valid when Use_MaxLoss = false. lots ordered
SlippagePips Slippage（pips）
Use_EntryMaxSpread Whether spread filter is set at the time of entry
EntryMaxSpread Spread filter value at entry. If the spread is greater than or equal to this value, no entry will be made (point).
Use_CloseMaxSpread Whether spread filter is set at the time of settlement
CloseMaxSpread The value of the spread filter at the time of settlement. If the spread is above this value, it will not be settled (point)
PrintSpreadFilterLog Whether or not there is a spread filter log output.
If set to true, the spread value when the spread filter is applied will be output to the expert.
Use_NETimeFilter Whether or not a time filter is used to avoid indicators. If true, do not trade in time. (Two can be set)
NETimeFilter_StartHour NETimeFilter start time (hour)
NETimeFilter_StartMinute NETimeFilter start time (minutes)
NETimeFilter_EndHour NETimeFilter end time (hour)
NETimeFilter_EndMinute NETimeFilter end time (minutes)
Use_TimeClose Whether to use time payment. It is used to close the position before the index. (Two can be set)
TimeCloseHour Time Settlement time (hour)
TimeCloseMinute Time Settlement time (minutes)
AddTimeCloseMinute Additional time (minutes) for time settlement Set in case payment cannot be made at the specified time due to line interruption, etc.
(Applies to both Use_TimeClose_1 and Use_TimeClose_2)
Example
TimeClose = 12:25
AddTimeCloseMinute = 5
Closed if you have a position at 12:25 --12; 30
However, AddTimeCloseMinute will be disabled when the TimeClose time, which is the sum of GMT Offset, is after 24:00.
Example
GMTOffset + TimeClose = 23:58
AddTimeCloseMinute = 5
TimeClose is valid until 23:58-23:59
Use_MaxSL Whether or not the maximum SL is set
MaxSL Maximum SL value. Do not set SL larger than this (pips)
VolatilitySLValue SL fluctuation value. The larger this value, the larger the SL.
Use_FixedSL Whether or not fixed SL is set
FixedSL Valid when Use_FixedSL = true. Fixed SL value (pips)
Use_StealthSL Whether or not Stealth SL is used. If set to true, the SL will be placed farther than the original position (a fake SL will be placed), and if a loss greater than the original SL occurs, payment will be made.
It prevents the SL from being settled when the spread is widened.
Specifications when Use_StealthSL = true
1 SL = Original SL + StealthSL Lips
2 StealthSL (actual SL) = SL --StealthSL Lips
(In pips unit)
* Since "Stealth SL = SL --Stealth SL Lips"
Please be careful when playing with this parameter or SL while holding the position.
Use_DrawingStealthSL Valid when Use_StealthSL is true. Draw the settlement price of Stealth SL on the chart.
See the explanation of StealthSL Lips Use_StealthSL
.
Comment
Use_Comment Whether or not to display the comment on the chart. Set to false to speed up backtesting.
[Other settings, etc.]
[Setting the maximum number of bars on the chart]
Due to the calculation of internal logic, the maximum number of bars in the chart must be set to 300 or more.
(Tools on the upper left of MT4 → Options → Lower right of the chart)
There is no problem if it is the default setting of MT4, but if it is set to less than 300 by any chance
Please set it to 300 or more.
If it is less than 300, no entry will be made and a log indicating that the number of bars is insufficient will be output.
Also, due to logic,
If the number of bars on a daily basis is 20 or less, backtesting will not be possible
Please backtest about a month after the oldest data.
If it is 20 or less, the back test will be canceled.
*The day of the week such as Monday start time and Friday forced settlement is based on the day of the week of your MT4 server.
Therefore, GMT0 and GMT + 9 brokers may not support these.
Only brokers with standard time GMT + 2 and daylight saving time GMT + 3 carry out operation checks.
＊Because it will be an EA that is strongly affected by spreads
We strongly recommend that you use a broker with narrow spurs and strong contracts.
＊There are cases where the trailing stop is activated.
If you are a broker with a stop level, you may get an error.
Since settlements are made at places other than the trailing stop, there is no reason why settlements cannot be made.
＊The default setting for daylight saving time is from 23:30 to 14:30 Japan time, and from 0:30 to 15:30 Japan time for standard time.
There is no need to change the GMT Offset, etc. by repeating standard time and daylight saving time. (It may be necessary if you are a GMT0 vendor etc.)
＊This EA is applied to the spread filter when the spread widens in the early morning of Japan time.
In most cases, neither entry nor payment is made.
Since the back test is performed by applying a variable spread and a spread filter, the actual market price is reproduced. Sales from
:
09/09/2020 20:42
Purchased
:
202
times
Price: $171.68 (taxed)
￥27,800(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 09/09/2020 20:42
Purchased
:
202
times
Price: $171.68 (taxed)
￥27,800(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
About Forex Automated Trading
What is Forex Automated Trading (MT4 EA)?
Forex Automated Trading refers to trading that is automated through programming, incorporating predetermined trading and settlement rules. There are various methods to conduct automated trading, but at GogoJungle, we deal with Experts Advisors (hereinafter referred to as EA) that operate on a trading platform called MT4.
Trading Types of Forex Automated Trading
There are various types of EAs (Expert Advisors) for different trading types that can be used on MT4.
Just like discretionary trading, there are those that decide trading and settlement timings by combining indicators, those that repeatedly buy or sell at certain price (pips) intervals, and trading methods that utilize market anomalies or temporal features. The variety is as rich as the methods in discretionary trading.
To categorize simply,
・Scalping (Type where trades are completed within a few minutes to a few hours),
・Day Trading (Type where trades are completed within several hours to about a day),
・Swing Trading (Type where trades are conducted over a relatively long period of about 1 day to 1 week)
・Grid/Martingale Trading (Holding multiple positions at equal or unequal intervals and settling all once a profit is made. Those that gradually increase the lot number are called Martingale.)
・Anomaly EA (Mid-price trading, early morning scalping)
Just like discretionary trading, there are those that decide trading and settlement timings by combining indicators, those that repeatedly buy or sell at certain price (pips) intervals, and trading methods that utilize market anomalies or temporal features. The variety is as rich as the methods in discretionary trading.
To categorize simply,
・Scalping (Type where trades are completed within a few minutes to a few hours),
・Day Trading (Type where trades are completed within several hours to about a day),
・Swing Trading (Type where trades are conducted over a relatively long period of about 1 day to 1 week)
・Grid/Martingale Trading (Holding multiple positions at equal or unequal intervals and settling all once a profit is made. Those that gradually increase the lot number are called Martingale.)
・Anomaly EA (Mid-price trading, early morning scalping)
Risks, Advantages, and Disadvantages of Forex Automated Trading
When engaging in Forex, there are risks in automated trading just as there are in discretionary trading.
However, a substantial advantage of automated trading is its ability to limit and predict risks beforehand.
[Risk]
Inherent to forex trading are the trading risks that undeniably exist in automated trading as well.
・Lot Size Risk
Increasing the lot size forcibly due to a high winning rate can, in rare instances, depending on the EA, lead to substantial Pips loss when a loss occurs. It is crucial to verify the SL Pips and the number of positions held before operating with an appropriate lot.
・Rapid Market Fluctuation Risk
There are instances where market prices fluctuate rapidly due to index announcements or unforeseen news. System trading does not account for such unpredictable market movements, rendering it incapable of making decisions on whether to settle in advance or abstain from trading. As a countermeasure, utilizing tools that halt the EA based on indicator announcements or the VIX (fear index) is also possible.
[Benefits]
・Operates 24 hours a day
If there is an opportunity, system trading will execute trades on your behalf consistently. It proves to be an extremely convenient tool for those unable to allocate time to trading.
・Trades dispassionately without being swayed by emotions
There is an absence of self-serving rule modifications, a common human tendency, such as increasing the lot size after consecutive losses in discretionary trading or, conversely, hastily securing profits with minimal gains.
・Accessible for beginners
To engage in Forex trading, there is no prerequisite to study; anyone using system trading will achieve the same results.
[Disadvantages]
・Cannot increase trading frequency at will
Since system trading operates based on pre-programmed conditions, depending on the type of EA, it might only execute trades a few times a month.
・Suitability may vary with market conditions
Depending on the trading type of the EA, there are periods more suited to trend trading and periods more suited to contrarian trading, making consistent results across all periods unlikely. While the previous year might have yielded good results, this year's performance might not be as promising, necessitating some level of discretion in determining whether it is an opportune time to operate.
However, a substantial advantage of automated trading is its ability to limit and predict risks beforehand.
[Risk]
Inherent to forex trading are the trading risks that undeniably exist in automated trading as well.
・Lot Size Risk
Increasing the lot size forcibly due to a high winning rate can, in rare instances, depending on the EA, lead to substantial Pips loss when a loss occurs. It is crucial to verify the SL Pips and the number of positions held before operating with an appropriate lot.
・Rapid Market Fluctuation Risk
There are instances where market prices fluctuate rapidly due to index announcements or unforeseen news. System trading does not account for such unpredictable market movements, rendering it incapable of making decisions on whether to settle in advance or abstain from trading. As a countermeasure, utilizing tools that halt the EA based on indicator announcements or the VIX (fear index) is also possible.
[Benefits]
・Operates 24 hours a day
If there is an opportunity, system trading will execute trades on your behalf consistently. It proves to be an extremely convenient tool for those unable to allocate time to trading.
・Trades dispassionately without being swayed by emotions
There is an absence of self-serving rule modifications, a common human tendency, such as increasing the lot size after consecutive losses in discretionary trading or, conversely, hastily securing profits with minimal gains.
・Accessible for beginners
To engage in Forex trading, there is no prerequisite to study; anyone using system trading will achieve the same results.
[Disadvantages]
・Cannot increase trading frequency at will
Since system trading operates based on pre-programmed conditions, depending on the type of EA, it might only execute trades a few times a month.
・Suitability may vary with market conditions
Depending on the trading type of the EA, there are periods more suited to trend trading and periods more suited to contrarian trading, making consistent results across all periods unlikely. While the previous year might have yielded good results, this year's performance might not be as promising, necessitating some level of discretion in determining whether it is an opportune time to operate.
Equipment and Environment Needed for Automated Trading Operation
The requirements for operating automated trading (EA) on MT4 are as follows:
・MT4 (MetaTrader 4. An account needs to be opened with a Forex company that offers MT4.)
・EA (A program for automated trading)
・The operating deposit required to run the EA
・A PC that can run 24 hours or a VPS (Virtual Private Server), where a virtual PC is hosted on a cloud server to run MT4.
・MT4 (MetaTrader 4. An account needs to be opened with a Forex company that offers MT4.)
・EA (A program for automated trading)
・The operating deposit required to run the EA
・A PC that can run 24 hours or a VPS (Virtual Private Server), where a virtual PC is hosted on a cloud server to run MT4.
Installation of MT4 and Account Login
If you open an account with a forex broker that supports MT4, you can use MT4 as provided by that forex broker. MT4 is a stand-alone type of software that needs to be installed on your computer, so you download the program file from the website of the FX company where you opened the account and install it on your computer.
Additionally, there are both demo and real accounts available. You can experience trading with virtual money by applying for a demo account. After opening a real account, you select the connection server assigned by the Forex broker, enter the password, and log in to the account.
When you deposit money into your account using the method specified by the forex broker, the funds will be reflected in your MT4 account, and you can trade.
Additionally, there are both demo and real accounts available. You can experience trading with virtual money by applying for a demo account. After opening a real account, you select the connection server assigned by the Forex broker, enter the password, and log in to the account.
When you deposit money into your account using the method specified by the forex broker, the funds will be reflected in your MT4 account, and you can trade.
How to Install EA on MT4
To set up an EA when you purchase it through GogoJungle, follow the steps below:
Firstly, download the purchased EA file from your My Page on GogoJungle. You will download a zip (compressed) file, so right-click to extract it and retrieve the file named ‘◯◯◯ (EA name)_A19GAw09 (any 8 alphanumeric characters).ex4’ from inside.
Next, launch MT4 and navigate to ‘File’ → ‘Open Data Folder’ → ‘MQL4’ → ‘Experts’ folder, and place the ex4 file inside. Once done, close MT4 and restart it. Then, go to the upper menu ‘Tools’ → ‘Options’, and under ‘Expert Advisors’, ensure ‘Allow automated trading’ and ‘Allow DLL imports’ are checked, then press OK to close.
The necessary currency pair and time frame for the correct operation of the EA are specified on the EA sales page. Refer to this information and open the chart of the correct currency pair time frame (e.g., USDJPY5M for a USD/Yen 5-minute chart).
Within the menu navigator, under ‘Expert Advisors’, you will find the EA file name you placed earlier. Click to select it, then drag & drop it directly onto the chart to load the EA. Alternatively, you can double-click the EA name to load it onto the selected chart.
If ‘Authentication Success’ appears in the upper left of the chart, the authentication has been successful. To operate the EA, you need to keep your PC running 24 hours. Therefore, either disable the automatic sleep function or host MT4 on a VPS and operate the EA.
Firstly, download the purchased EA file from your My Page on GogoJungle. You will download a zip (compressed) file, so right-click to extract it and retrieve the file named ‘◯◯◯ (EA name)_A19GAw09 (any 8 alphanumeric characters).ex4’ from inside.
Next, launch MT4 and navigate to ‘File’ → ‘Open Data Folder’ → ‘MQL4’ → ‘Experts’ folder, and place the ex4 file inside. Once done, close MT4 and restart it. Then, go to the upper menu ‘Tools’ → ‘Options’, and under ‘Expert Advisors’, ensure ‘Allow automated trading’ and ‘Allow DLL imports’ are checked, then press OK to close.
The necessary currency pair and time frame for the correct operation of the EA are specified on the EA sales page. Refer to this information and open the chart of the correct currency pair time frame (e.g., USDJPY5M for a USD/Yen 5-minute chart).
Within the menu navigator, under ‘Expert Advisors’, you will find the EA file name you placed earlier. Click to select it, then drag & drop it directly onto the chart to load the EA. Alternatively, you can double-click the EA name to load it onto the selected chart.
If ‘Authentication Success’ appears in the upper left of the chart, the authentication has been successful. To operate the EA, you need to keep your PC running 24 hours. Therefore, either disable the automatic sleep function or host MT4 on a VPS and operate the EA.
In Case You Want to Change the Account in Use
EAs from GogoJungle can be used with one real account and one demo account per EA.
If you want to use it with an account other than the authenticated one, you need to reset the registered account.
To reset the account, close the MT4 where the Web authentication is registered, then go to My Page on GogoJungle > Use > Digital Contents > the relevant EA > press the ‘Reset’ button for the registration number, and the registered account will be released.
When the account is in a reset state, using the EA with another MT4 account will register a new account.
Also, you can reset the account an unlimited number of times.
If you want to use it with an account other than the authenticated one, you need to reset the registered account.
To reset the account, close the MT4 where the Web authentication is registered, then go to My Page on GogoJungle > Use > Digital Contents > the relevant EA > press the ‘Reset’ button for the registration number, and the registered account will be released.
When the account is in a reset state, using the EA with another MT4 account will register a new account.
Also, you can reset the account an unlimited number of times.
Solutions for Errors During Web Authentication or Non-Functional Account Trading
If you encounter an error with Web authentication, or if the EA is trading on GogoJungle's forward performance page but not on your own account, there could be various reasons. For more details, please refer to the following link:
→ Items to Check When EA is Not Operating
→ Items to Check When EA is Not Operating
About the Size of Trading Lots
In Forex trading, the size of a lot is usually:
1 lot = 100,000 currency units
0.1 lot = 10,000 currency units
0.01 lot = 1,000 currency units
For USD/JPY, 1 lot would mean holding 100,000 dollars.
The margin required to hold lots is determined by the leverage set by the Forex broker.
If the leverage is 25 times, the margin required to hold 10,000 currency units of USD/JPY would be:
10000*109 (※ at a rate of 109 yen per dollar) ÷ 25 = 43,600 yen.
1 lot = 100,000 currency units
0.1 lot = 10,000 currency units
0.01 lot = 1,000 currency units
For USD/JPY, 1 lot would mean holding 100,000 dollars.
The margin required to hold lots is determined by the leverage set by the Forex broker.
If the leverage is 25 times, the margin required to hold 10,000 currency units of USD/JPY would be:
10000*109 (※ at a rate of 109 yen per dollar) ÷ 25 = 43,600 yen.
Glossary of Automated Trading
・Profit Factor: Total Profit ÷ Total Loss
・Risk-Return Ratio: Total Profit and Loss during the period ÷ Maximum Drawdown
・Maximum Drawdown: The largest unrealized loss during the operation period
・Maximum Position Number: This is the maximum number of positions that the EA can theoretically hold at the same time
・TP (Take Profit): The set profit-taking Pips (or specified amount, etc.) in the EA's settings
・SL (Stop Loss): The set maximum loss pips (or specified amount, etc.) in the EA's settings
・Trailing Stop: Instead of settling at a specified Pips, once a certain profit is made, the settlement SL is raised at a certain interval (towards the profit), maximizing the profit. It is a method of settlement.
・Risk-Reward Ratio (Payoff Ratio): Average Profit ÷ Average Loss
・Hedging: Holding both buy and sell positions simultaneously (Some FX companies also have types where hedging is not allowed)
・Risk-Return Ratio: Total Profit and Loss during the period ÷ Maximum Drawdown
・Maximum Drawdown: The largest unrealized loss during the operation period
・Maximum Position Number: This is the maximum number of positions that the EA can theoretically hold at the same time
・TP (Take Profit): The set profit-taking Pips (or specified amount, etc.) in the EA's settings
・SL (Stop Loss): The set maximum loss pips (or specified amount, etc.) in the EA's settings
・Trailing Stop: Instead of settling at a specified Pips, once a certain profit is made, the settlement SL is raised at a certain interval (towards the profit), maximizing the profit. It is a method of settlement.
・Risk-Reward Ratio (Payoff Ratio): Average Profit ÷ Average Loss
・Hedging: Holding both buy and sell positions simultaneously (Some FX companies also have types where hedging is not allowed)
Useful related pages
・How to Install MT4 EA (Expert Advisor) and Indicators
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working
・MT4 Beginner's Guide
・Understanding System Trading Performance (Forward and Backtesting)
・Choosing Your First EA! Calculating Recommended Margin for EAs
・Comparing MT4 Accounts Based on Spread, Swap, and Execution Speed
・What is Web Authentication?
・Checklist for When Your EA Isn't Working