Financial business operator Kanto Finance Bureau Director (Financial) No.1960/Member Association Japan Investment Advisers Association Member Number 012-02324

Knight by morning EURJPY detune for_GJ

Knight by morning EURJPY detune for_GJ

Knight by morning EURJPY detune for_GJ Auto Trading
Expert Advisors
MetaTrader 4
Sales from
5/10/2022
Last Updated At
5/2/2022
Version
1.0
My Profile
アオタロウ
  • Whole period
  • 2 years
  • 1 year
  • 6 months
  • 3 months
  • 1 month
Profit
-12,796JPY
Profit Factor
0.97
Rate of return risk  ?
-0.2
Average Profit
3,292JPY
Average Loss
-4,048JPY
Balance  ?
987,204JPY
Rate of return (all periods) ?
-6.70%
Win Rate
54.44% (92/169)
Maximum Position  ?
1
Maximum Drawdown  ?
26.06% (62,831JPY)
Maximum Profit
9,510JPY
Maximum Loss
-10,630JPY
Recommended Margin  ?
191,083JPY
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
  • Jan
  • Feb
  • Mar
  • Apr
  • May
  • Jun
  • Jul
  • Aug
  • Sep
  • Oct
  • Nov
  • Dec

Calendar for Months

About EA's Strategy

Translating...

Currency Pairs
[EUR/JPY]
Trading Style
[Day Trading]
Maximum Number Position
1
Maximum Lot
50
Chart Time Frame
M1
Maximum Stop Loss
105
Take Profit
95
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No

Please use the 1-minute Euroyen (EUR/JPY) chart.

How to set up an EA: ↓↓↓↓↓↓↓ https://www.gogojungle.co.jp/post/1/8212

GMT+2 (winter time) / GMT+3 (summer time) for brokers.

Reference Back Test Video


<Trick.

Only when the entry conditions are met, the system will be set up in the direction of the long-term trend.


<Handing over.

Settlement will be made when certain criteria are reached regardless of unrealized gains/losses and when the maximum SL maximum TP is reached.

Maximum stop loss 105 pips Most will close before the maximum stop loss is reached.

(Variable spread (0.3 to ∞) backtest average stop loss about 33 pips)

Maximum take profit 70 Pips Most close before reaching maximum take profit.

(in Japanese history)Variable spread (0.3 to ∞)(Backtest average take profit about 30 pips)

Variable spread (0.3 to ∞)back-testingThe win rate above is about 64%.


<Number of positions

One.


<EA Development Concept

We created this model because we wanted to create a model that would only allow us to narrow our entry in the direction of the long-term trend when a major trend occurs. I also created it with spread tolerance in mind.


<Main Features

Spread filter (setting values can be changed)

Compound interest management function

Trade day setting

Set the end time for weekend-only entries

(Although the program is designed to settle trades on weekends, there may be cases where trades are not executed due to the broker's circumstances or the communication environment.)


Description of main parameters

Mail This is used to inform you of the status of your orders and other information by e-mail. Please check your own email settings as it is a function of MT4.

Magic_Number Magic number. Default value (20220424) If the number is duplicated in other EAs, change to another number.

Slippage Allowable slippage. Default value (30 (3 pips)), change as necessary. Depending on the broker (slippery brokers), this may affect the weekend settlement function, in which case it is safer to set a larger value.

NomalLots Initial value (0.1) Please check with your FX company as lot numbers are handled differently depending on the FX company.

To use a fixed lot, set the value to 0.0 . The above NomalLots fixed lot setting will be applied. The appropriate initial lot value will vary depending on your FX company's server.

Please adjust your initial lot size to an acceptable range while back-testing on your server.

If you are using the Tick Data Suite, please export the chart data, import it to your broker's MT4, and uncheck the Use Tick Data checkbox before testing. (This is because the test is not based on the broker's trading conditions.)

Buy_Stoplos Buy trade stop loss setting. We recommend a value near the default value. Logic may cause the loss to be cut earlier than the set value. You can change the value by yourself.

Buy_Target Buy trade take-profit setting. We recommend a value near the default value. In most cases, the logic will close the trade before the set value is reached. You can change this setting by yourself.

Sell_Stoplos Sell trade stop loss setting. We recommend a value close to the default value. Logic may cause the loss to be cut earlier than the set value. You can change the value by yourself.

Sell_Target Sell trade profit setting. We recommend a value near the default value. Logic may close the trade before the set value is reached. You can change the value by yourself.

MaxSpread Default(70)(7 PIPS)) If the spread is wider than the specified value, no entry will be made. Can be changed, 1 PIPS = 10.

Comment You can leave any comment on the position.

WeekEndtime Sets the entry end time for the weekend. Default value (22:00)

*Please be sure to check your settings when restarting MT4, as they may be cleared when restarting MT4.

Set the time for weekend forced settlement. Default value (22:30). The time must be later than the above WeekEndtime for this function to work.

*Please be sure to check your settings when restarting MT4, as they may be cleared when restarting MT4.

If you do not want to carry over the weekend, please set the WeekEndtime andWeekEndExitTime to the time when you can confirm the last trade of the weekend, just in case.

Check_week_mon~fri Set to true if you trade Monday through Friday. Default value all (true)

The trade date and time setting item is the time of your broker's server, not Japan time. The time shown in the quote. Winter time: GMT+2, Daylight saving time: GMT+3

Sales from :  05/10/2022 22:10
Purchased :  0 times

Price: $84.22 (taxed)

¥13,800(taxed)

Provider/Distributor:
Sales site:

Payment

Master VISA JCB
Forward Test
Back Test

Sales from :  05/10/2022 22:10
Purchased :  0 times

Price: $84.22 (taxed)

¥13,800(taxed)

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)