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Head Wing 1.06D (Demo version valid until 2013.6.30)

Head Wing 1.06D (Demo version valid until 2013.6.30)

Head Wing 1.06D (Demo version valid until 2013.6.30) Auto Trading
Expert Advisors
MetaTrader 4
Sales from
5/10/2013
Last Updated At
-
Version
-
My Profile
ワンハート
  • Whole period
  • 2 years
  • 1 year
  • 6 months
  • 3 months
  • 1 month
Profit
7JPY
Profit Factor
1.02
Rate of return risk  ?
0.01
Average Profit
24JPY
Average Loss
-57JPY
Balance  ?
1,000,007JPY
Rate of return (all periods) ?
0%
Win Rate
70.71% (140/198)
Maximum Position  ?
11
Maximum Drawdown  ?
0.40% (1,187JPY)
Maximum Profit
69JPY
Maximum Loss
-278JPY
Recommended Margin  ?
292,541JPY
Unrealized P/L
0JPY
Deposit  ?
1,000,000JPY
Currency
JPY- Account
Operable Brokers
Usable with MT4-adopting brokers.
※EA measurement is stopped

Forward testing (Profit)

Product Statistics
Product Comments

Monthly Statistics

2026
2025
2024
2023
2022
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Calendar for Months

About EA's Strategy

Translating...

Currency Pairs
[GBP/JPY] [EUR/JPY] [EUR/USD] [GBP/USD]
Trading Style
[Swing Trading] [Scalping] [Countrarian]
Maximum Number Position
-
Maximum Lot
-
Maximum Stop Loss
-
Take Profit
-
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
I will explain the features of the automated trading software (EA) in detail. Trading Currency: Recommended EURJPY (GBPJPY, GBPUSD, EURUSD are also possible) Trading Style: Trend following, modified reverse Martingale Trading Time Frame: Free, as it processes multi-time frame within the EA Changes from Ver.1.05: The increase in lots has changed from 0.01⊲0.01⊲0.02 to 0.01⊲0.02⊲0.03 The holding period for orders has been shortened, increasing opportunities for profit acquisition. ⛀Logic Features 1. Depending on market conditions, it will enter a buy or sell position when a signal is generated. 2. If the price moves in a profitable direction, it will make additional entries at regular intervals (30 pips) in the trend direction. If it reverses midway and exceeds the loss direction from the starting price, it will make additional entries in the opposite direction at regular intervals. 3. The lot size will increase with each entry. (Buy 0.01 ⊲ Sell 0.02 ⊲ Sell 0.03 ⊲ Buy 0.04 ...) 4. It will hold a maximum of 10 buy orders and 10 sell orders. (There may be cases where the unrealized loss becomes quite large) 5. Once the specified unrealized profit (in yen or dollars) is reached, all positions will be closed. (Currently set at $30) 6. As an emergency measure, changing [AllClose] to [true] in the EA properties allows for all positions to be closed. 7. There is also a switch to automatically stop the EA after securing profits while holding positions. 8. The basic lot size is set to 0.01 for every $3,000. 9. It capitalizes on one-sided market movements. It has a strong structure against false moves that briefly swing in the opposite direction before making a significant reversal. 10. Its weakness is when it gets stuck in a large range that swings up and down similarly from the starting point, leading to large unrealized losses and stress. However, it can secure profits when there is a significant movement afterward. This is the opposite characteristic of averaging down and Martingale. For example, in averaging down or Martingale, if there is a sudden rise in the opposite direction while holding unrealized losses, it can quickly lead to a loss cut. However, with [Head Wing], the more it moves from a state of unrealized loss, the closer it gets to securing profits, regardless of the direction of the sudden movement. Variable Name Parameter Name Default MagicNumber Magic No (⅛1) 20200106 OSS If entering automatically, set to ℼtrueℽ true Mode Initial Order 0=Order on Trend Direction Signal, 1=Continuous Buy, 2=Continuous Sell 0 Lots Initial Order Lot Size 0.01 ALC If using automatic compounding, set to ℼtrueℽ false Mm Compounding Lot Calculation Factor For 300,000 yen or 3,000 dollars, if 0.01 lot then ℼ0.3ℽ 0.3 Timeframe Time Frame for Entry Signal 30 SetProfit Target Total Unrealized Profit Amount for Securing Profit (in dollars for dollar accounts, in yen for yen accounts) 30 om Interval for Additional Orders (pips) 30 moc Limit on Number of Buy or Sell Orders (non-changeable) 10 Spread Value to avoid entry when spread is wide (pips) 5 Order_Comment String displayed in the upper left of the screen for easy chart identification (can be freely changed) ** H.W. AllClose Set to ℼtrueℽ for manual all-close in emergencies false Please be aware that the initial values above may differ during version upgrades. (⅛1) This is a unique identification number for this automated trading software (EA). If using it simultaneously with other automated trading software (EA), please change the settings to avoid conflicts with the Magic No of other EAs. Also, just because it rarely loses, be careful not to increase the initial lot size too much, as this could lead to losing a significant amount of capital if a loss does occur. Please firmly determine your loss tolerance relative to your capital at the outset and adjust the lot size based on backtesting results. The recommendation is 0.01 Lot (=1,000 currency) for over $3,000. Since it often holds many orders, we recommend brokers with narrow spreads. The recommended currency pairs are EURJPY and GBPJPY, which have high profit margins due to their volatile movements, but considering the spread, EURJPY is superior. Various verification articles for One Heart EA are published on the blog for your reference. Blog "Beginner's Hands-On Investment Practice Report" http://ameblo.jp/ohk7877
Sales from :  05/10/2013 01:43
Purchased :  3 times

Price: Free

Provider/Distributor:
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Payment

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Forward Test
Back Test

Sales from :  05/10/2013 01:43
Purchased :  3 times

Price: Free

Provider/Distributor:
Sales site:

Payment

Master VISA JCB
About Forex Automated Trading
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.
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)

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.
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.
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.
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.
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 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
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.
・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)