CLOVER_GBPJPY_MT4
- 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...
CLOVER_GBPJPY_MT4
EA Features
CLOVER will be a trend-following EA based on the GBPJPY 1-hour leg.
The buy/sell signal is determined based on moving averages, MACD, RSI, momentum and basic indicators.
When placing an order, a limit price (TP) and stop price (SL) pre-determined by the buyer are set at the same time for peace of mind.
Settlement is made when the moving average crosses or the set limit or stop price is reached.
In addition, the system has a function that automatically increases or decreases the number of lots when placing an order in response to changes in the asset balance (can be turned on or off).
This will further increase profits and discourage emotional and reckless lot trading.
As an internal function, it has a trail function that reviews the stop loss (SL) about once every 15 minutes so that it follows the chart.
(We will not set the stop loss at a location that is more disadvantageous than the established stop loss.)
Other allowable spread values can be set in advance to avoid temporary market conditions where spreads are too wide.
To be applicable to the market for a long time.We dared to use only basic indicators such as moving averages and MACD.
We also tried to simplify the configuration items and functions so that buyers can operate the system without hesitation.
Parameter
Description of input parameters. Basically, the default values can be used.
If there is an error during operation, it will be written to the log and the parameters should be adjusted according to the message.
- EA magic number: Set the magic number of the EA.
- Log output setting of EA: Setting about log output of EA (true, false)
- Trailing function : Trailing order function (Stop order function to adjust stop price every 15 minutes) ON/OFF available
- Maximum number of lots: Can be set within the maximum number of lots determined by the broker
- Lot number AUTO function: Function to automatically increase or decrease the number of lots depending on the balance below the maximum number of lots (ON/OFF available)
- Number of lots: Fixed number of lots at the time of order when the above function is turned off.
- Slippage: Specify in points (10point = 1pips) 3 Recommended
- Stop Limit (SL) Setting : Specify in points (10points = 1pips) 390 recommended
- Limit (TP) setting: Specify in points (10point = 1pips) 3300 recommended
- GBPJPY Allowable Spread ： Specify in points according to the broker's spread (10points = 1pips)
LOTS AUTO function off Back test results (initial capital 500,000 yen)
Test period: GBPJPY H1 2012/01 - 2021/09 Broker FXTF all ticks, SP 39 pips, TP 330 pips
Number of lots : 0.5lot Constant
Spread: 6 points (FXTF standard spread value)
Initial margin balance: 500,000 yen
Final balance: 60710,000Yen
500,000 yen → 6,070,000 yen Profit 12 times the initial balance in about 10 years
LOTS AUTO function on Back test result (Initial fund: 500,000 yen)
Test period: GBPJPY H1 2012/01 - 2021/09 Broker FXTF All ticks, SP39pips, TP330pips
Number of lots: Max. 10 lots, lot number AUTO function on
Spread: 6 points (FXTF standard spread value)
Initial margin balance: 500,000 yen
Final balance: 38.4 million yen
500,000 yen → 38.4 million yen Profit 76 times the initial balance in about 10 years
LOTS AUTO function on Back test results (initial 100,000 yen)
Test period: GBPJPY H1 2012/01 - 2021/09 Broker FXTF all ticks, SP39pips, TP330pips
Number of lots: Max. 10 lots, lot number AUTO function on
Spread: 6 points (FXTF standard spread value)
Initial margin balance: 100,000 yen
Final balance: 9,330,000 yen
100,000 yen → 9,330,000 yen Profit of more than 9.2 million yen in about 10 years even with a small investment
LOTS AUTO function on Back test results (initial capital 10,000 yen)
Test period: GBPJPY H1 2012/01 - 2021/09 Broker FXTF all ticks, SP39pips, TP330pips
Number of lots: Max. 10 lots, lot number AUTO function on
Spread: 6 points (FXTF standard spread value)
Initial margin balance: 10,000 yen
Final balance: 1,240,000 yen
10,000 yen → 1,240,000 yen Even with an even smaller investment, profit of more than 1,230,000 yen in about 10 years
Summary
As you can see, the structure is simple, but it is expected to be profitable in the long run.
((Note: We cannot guarantee future profits as the results are based on past charts. Please understand)
Lot AUTO function, spread tolerance settings, and SL/TP settings at your disposal as needed while
We hope that you will be able to implement a fully automated trade of your choice with peace of mind.
Thank you for reading to the end.
Price: $92.96 (taxed)
￥15,000(taxed)
●Payment
Sales from : 12/01/2021 20:25
Price: $92.96 (taxed)
￥15,000(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