MANP5
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Forward testing (Profit)
Monthly Statistics
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
MANP5
<EA IntroductionThis is a high-frequency dumping type EA that takes small profits without a break. We will make entries almost every day, so you can enjoy watching the profits steadily increase day by day.
Please use AUDCAD 5 minute currency pair.
The number of lots starts at 0.01, and if the market moves in the opposite direction of the entry, the lot is added by 0.01 according to the internal logic, up to a maximum of 30 positions can be held. (The maximum number of positions was 19 according to the results of a 16-year back-test)
The aim is to ensure that the total profit of the positions held is 50 pips in terms of the Initial Lot. If the Initial Lot is 0.01, it is $5. (If the initial lot is in yen, the $5 is converted to yen.)
The internal logic is designed to be simple, using only moving averages and volatility judgments.
Version 5 has two settlement modes. The newly added partial settlement mode reduces the risk of losing money.
Image of operation. High frequency trades.
<Image of revenue
The table below shows the earnings from the 16-year backtest. Only once did it go into the red on a monthly basis. (Unit is in dollars.)
<About the loss.
The default stop loss is set at $5,000. We close all positions when the unrealized loss reaches $5,000, but we make it more than double the maximum drawdown of the back-test results to give you more room. (The maximum drawdown in backtesting over the past 16 years is about $210,000.)
<About Partial Settlement Mode
When the number of positions held reaches 15 or more, the mode will shift to the partial settlement mode.
In this mode, the position with the largest unrealized loss and the position with unrealized profit that can offset the unrealized loss (single or multiple positions) are settled at the same time while securing profit.
Rather than waiting for the time to come with large unrealized losses, this function is based on the idea of getting through difficult times while securing profits and eliminating unrealized losses, even if only partially, so as to avoid losing money.
The risk of losing money is reduced as the transactions are settled in order of the size of the unrealized loss.
<About Margin
We recommend a minimum of 1.2 million yen at 25 times leverage. Please use sufficient margin.
Assuming AUDCAD: 0.89 CADJPY: 105.2, the margin requirement for 19 positions (0.01 to 0.19) is ¥711,572.
Required margin ¥711,572 + maximum drawdown ¥210,000 * 2 = ¥1,131,572
*Margin requirement will be lower for highly leveraged managers.
<About the Spread
The default spread limit is 3 pips. Please adjust the limit according to your investment management company.
<About the Management Company> <About the Management Company
We do not have a specific company for this simple logic, and any company that can trade AUDCAD is acceptable.
＜Description of setting Setting Default Value Description TradeCode MANP5 Distinguished name displayed in the comment field Buy_Magic 201901 Magic number for buy orders Sell_Magic 201902 Magic number for sell orders EA_Run true Toggles between running (true) and pausing (false) the EA.
Buy_Order true Enable/Disable buy order Sell_Order true Enable/Disable sell order FirstLot 0.01 First lot AddLot 0.01 Second and subsequent lots to be added EntryPips 4 Entry interval pips EP_mul 1.0 Entry interval multiplier EP_width_buy 15 Buy entry allowed range pips EP_width_sell 9 Sell entry allowed range pips Max_Position 30 Maximum number of positions < Close Setting > Close_mode_shift 15 Number of positions to shift to partial close mode - First - Initial Close Setting for Entry SingleStop 1000 Temporary setting for S/L CloseBarCount1 280 Number of bars to close for the initial entry - Total - Close setting TotalProfit 50 profit pips (increases/decreases depending on volatility) TotalStopLoss 5000 Stop Loss Dollars CloseBarCount 1000 Number of bars to move to closing Acceptable_Loss 50 Acceptable loss pips after closing
< Condition Parameter > - Spread - Spread Spread_Limit 3 Maximum spread to enter
- Day Time - Set the date and time Entry_Start_Hour 3 Server time to start entry Entry_End_Hour 23 Last time to make an entry (23 means until 23:59) Dec_Stop 25 Day to stop entry at the end of the year (0 for invalid) Jan_Stop 3 Date to stop entry at the beginning of the year (0 for Jan_Stop 3 Date to stop entry at the beginning of the year (0 to disable)
<Forward test results
FOREX EXCHANGE Demo Account September 13, 2021 - April 27, 2022
Gross profit : 169 174
Total loss : 90 698
Total net income/loss : 78 476
Profit Factor (total profit/total loss) : 1.87
Expected profit/loss (total net profit/loss/total number of trades) : 137.20
Drawdown from initial investment : 45
Maximum drawdown (amount) : 24 730 (0.49%)
Maximum drawdown (%) : 0.49% (24 730)
Total number of transactions : 572
Number of Sell transactions (win rate) : 312 (64.10%)
Number of buy trades (win rate) : 260 (68.85%)
Number of profitable trades (%): 379 (66.26%)
Number (%) of transactions with confirmed losses : 193 (33.74%)
Maximum profit/loss per transaction Profit amount : 8 921
Losses : -3 821
Average within each profit/loss-making transaction Average profit within profitable transactions : 446
Average loss within loss-making transactions : -470
Maximum consecutive Number of profitable trades (yen): 13 (3 765)
Number of transactions with confirmed losses (yen): 7 (-17 110)
Consecutive Max. Profitable Transactions Total Profit (Consecutive Counts): 17 884 (4)
Losses Trading Total Losses (Consecutive Counts): -17 110 (7)
Average Number of consecutive profitable trades : 5
Number of consecutive loss-making trades : 2
We hope that this EA will help you to make a profit.
The backtest results are a simulation based on past data and are not a guarantee of future profits.
It is not a guarantee of future profits.
Price: $113.16 (taxed)
￥18,000(taxed)
●Payment
Sales from : 05/08/2022 21:33
Price: $113.16 (taxed)
￥18,000(taxed)
●Payment
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)
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.
・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.
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.
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.
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.
→ Items to Check When EA is Not Operating
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.
・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)
・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