Jackk=MD
- 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
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Calendar for Months
About EA's Strategy
Translating...
[About Jackk=MD]
Jackk=MD is an EA that supports EURJPY/5M.
With simple settings Even those who are not familiar with EA can easily start using it.
Can hold up to 10 positions (can be changed) and enter only from the same entrance (do not cross).
Jackk=MD follows its own logic and makes entries in the direction of the medium-term trend.
It's this logic that makes it easy to get stable results because it doesn't follow trends.
In short, trend direction is a strategy that aims to enter periods of decline. (or increases) and returns to the trend direction again.
Essentially, closing is scheduled to be done in profitable positions. Therefore, it is an EA for those who do not want to cut their losses. (Loss may occur depending on the timing of trading)
Profit-making is carried out by an arbitrary internal logic. But you can set and change the profit value (profitability) arbitrarily.
Stop loss (stop loss) is off by default. But you can set arbitrary open/close/stop loss settings. So please use (Refer to parameter setting)
[About the lot]
By default, this EA has a trading volume of 0.1Lots per trade.
Since we can hold up to 10 positions, we will hold up to 1 lot by default.
If you want to limit your trading volume Change the parameters. "Number of positions" or "lots"
[About the optimization verification period]
Jackk=MD uses the period 2015-2022 to increase efficiency. We use a wide period of time to review each condition. So you can expect to be able to respond to any situation.
We also validated the logic even outside the optimization range.
Since the logic is set according to the latest market (as of 2022), you can expect to be able to trade according to market trends.
[About compatible currencies and time frames]
This EA is an EA only for EURJPY, /5 minutes.
Applies to the chart above only.
[About magic numbers]
This EA can hold up to 10 positions, but each position has a different magic number.
At the end of the arbitrarily defined "basic magic number" A number for each position is assigned to differentiate them. (Please see the description column for each setting parameter.)
[Explanation of each setting parameter]
Basic magic number = Magic number that is the basis of each position. The magic number changes with each position and there are up to 10 magic numbers with 0 to 9 at the end of 1231. Position 3 "1232".....
Order Comments = Comments expressed in the Comments field at the time of each order. The standard is the EA name, you can change it to any string.
Allowed Slippage = Slippage allowed when trading in pips (no standard changes required)
Lot(MAX:50.0) = Number of lots
Max Positions (MAX: 10) = Number of positions that can be held in this EA. Enter any value between MAX 1 and 10.
Take profit (on with true) = Turn on/off take profit This EA is turned off by default.
Take Profit (pips) = Enter the number of pips that will be standardized when Take Profit is enabled if you have multiple positions. Consider whether the sum of all job positions reaches the threshold. (The value entered will not be valid if Take Profit is turned off.)
Loss cut (on with true) = Turn on and off loss cut. This EA is turned off by default.
Loss cut pips (minus sign) = Enter the reference number of pips when opening Loss cut if you have multiple positions. Consider whether the sum of all job positions reaches the threshold. (If the loss is closed The entered value will be invalid)
Maximum spread (points) = Transactions will be interrupted if there is a certain spread or more when the transaction is entered in points (minimum unit is one digit below pips).
Price: $92.63 (taxed)
¥15,000(taxed)
●Payment
Sales from : 12/20/2023 22:09
Price: $92.63 (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
