VERIS
- 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...
[EA operations].
After purchasing an EA, we recommend that you operate it in a demo account for a certain period of time before operating it in the main account.
About VERIS.
VERIS will be the EA for GBPUSD/15M.
Even those unfamiliar with EA can easily start using it with simple settings.
A maximum of 99 positions can be held (maximum of 10 positions by default), and entries are made only in the same direction (no double-folding).
VERIS determines trends based on perfect orders, and follows its own logic to make entries in the direction of the trend.
This logic does not buck the trend, making it easy to obtain stable results.
The EA is designed for those who do not want to make a loss, as hand-offs are basically set to be made while profits are being generated. (Depending on the timing of the buy/sell, losses may occur.)
Profit determination is done by any internal logic, but the take-profit value (profit determination) can also be set and changed arbitrarily.
The loss cutoff (loss cut) is turned off by default, but can be turned on or off and the loss cutoff value can be set arbitrarily, so please make use of it. (See Parameter Settings).
About Lots.
The default setting for this EA is 0.1 Lots per trade.
To hold up to 10 positions (by default), the standard is to hold up to 1 LOT.
If you wish to limit the volume of transactions, change the "Number of Positions" or "Lots" parameter.
[About the Optimization Verification Period
VERIS has been optimized using the period 2018-2022. Since we validate each condition using a wide period of time, we can expect to be able to handle all situations.
We have also conducted validation outside of the optimization period to confirm that the logic is valid.
Since the logic is set based on the most recent market price (as of 2022), traders can expect to be able to make trades suited to market trends.
About supported currencies and time frames
This EA is for GBPUSD,/15min only.
Use only in the chart above.
[About the magic number...]
The EA can hold up to 99 positions, but each position will have a different magic number.
The "basic magic number" set arbitrarily is followed by a number for each position to distinguish it. (See the explanation of each setting parameter.)
*Please note that multiple magic numbers are built into the EA.
[Regarding the discrepancy in results from the official operation.
The EA is set to not hold both positions, so if you are holding a position, you will not hold the position even if a signal in the opposite direction is generated (prohibition of both positions).
If you want your results to perfectly match those of the official operation, you must start the EA with the official operation not holding any positions.
There is no problem to start the operation immediately, as the expectation will not be lowered if it is not matched with the official operation.
Parameter Description
Basic Magic Number ＝ The basic magic number of each position. The magic number changes for each position and is numbered from 1 to 99 at the end. Position 2 "12302", Position 3 "12303" .....
Order Comments ＝ The comment that appears in the comment field of each order. By default, it is the EA name. It can be changed to any string.
Allowable Slippage ＝ The allowable slippage for a trade is in units of pips. (You do not need to change the standard setting.)
Lots(MAX:50.0) ＝ Number of lots
Maximum positions (MAX:99) ＝ Number of positions that can be held by this EA. Enter any value between 1 and 99 maximum.
Take Profit (on with true) = Turns take profit on and off. This EA is off by default.
Take Profit (pips) ＝ Enter the number of pips that will be used as the standard when Take Profit is turned on. If you have multiple positions, the total of all positions will be used to determine whether or not the standard is reached. (If Take Profit is turned off, the entered value will be invalid.)
Loss-cut (true to turn on) = Turns loss-cut on and off. This EA is turned off by default.
Loss-cut pips (negative notation) ＝ Enter the number of pips that will be used as a reference when loss-cut is turned on. If you have multiple positions, the total of all positions will be used to determine whether or not the loss-cut pips reached the threshold. (If loss-cut is turned off, the entered value will be invalid.)
Maximum Spread (Point) ＝ If there is more than a certain amount of spread when making an entry, the entry is aborted. Enter the value in points (the smallest unit one digit below pips).
Price: $94.22 (taxed)
￥15,000(taxed)
●Payment
Sales from : 08/11/2022 21:37
Price: $94.22 (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