POGBPUSD
- 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...
This is a simple EA based on Perfect Order. Since it is not possible to win simply by Perfect Order alone, anomalies such as time zone trends and seasonal trends are added.
Entry frequency is low because we only trade when perfect orders are in place and when the statistical probability of winning is high.
It is easy to make money when the trend is strong and easy to lose when the trend changes. If you are confident in your market forecast, you can switch between long only if you think the market is going up and short only if you think the market is going down. I don't do any "nan-pinning" or "martinning. We usually close a position within 24 hours of holding it.
It can only be operated on accounts with MT4 GMT +2 for winter time and +3 for summer time.
The maximum stop loss is calculated by ATR, so it depends on the most recent fluctuation price range. No take profit is set, and all settlements are time settled.
We will raise the price in stages as they sell. Thank you in advance.
Compound interest backtest results with 100,000 yen start, MinlotFund=10000. (Minimum lot size 0.01, 1 lot = 100,000 currency units, for yen account)
The recommended parameter settings are
For simple interest, default parameters except for the Lots parameter. For compound interest, default parameters except for MM = true and MinlotFund.
I have made sure that my EAs do not have the same magic number, but there is a possibility that other EAs may have the same magic number. If the magic number is shared with other EAs, please change it to a value that does not share the same magic number. Please note that if you change the magic number while holding a position in the EA, the position will not be closed.
parameter
Magic Magic number, a non-zero integer of 9 digits or less that is not shared by other EAs, since 0 is a manual number. Lots The number of lots for simple interest operation (not relevant for compound interest operation). ( MaxSpread Allowable spread. Slippage Allowable slippage.
MarginLevel The minimum maintenance level at which new positions are allowed to be taken; when MarginLevel=200, new positions are allowed if there are no open positions or if the maintenance level is 200% or higher.
MM false=single interest; true=compound interest. MinlotFund Specifies how much of the minimum lot x 1 is taken per fund when compounding. The smaller the number, the higher the risk and the higher the return. MaxLot Upper limit of lot size during compound interest operation. If a value exceeding the maximum lot limit of the firm is set, the EA internally corrects it to the maximum lot limit of the firm. WeekEndExit Settlement without weekend carryover with true. This parameter is present only when there is a weekend carry-over, and is not present when there is no weekend carry-over.
Details of theparameterMinlotFund Specifies the minimum lot size x 1 per fund. Example: If MinlotFund=100000 and the minimum lot size of the active firm is 0.01, an account balance of 100,000 yen will take 0.01 lots (for a yen account). The larger the value of MinlotFund, the lower the risk of low return, and the smaller the value of MinlotFund, the higher the risk of high return. If the MinlotFund value is too small to calculate a lot that cannot be taken with that balance, the Not enough money and Alert will appear and no new position will be taken.
*The optimal value of MinlotFund will also change if the account currency, the minimum lot of the vendor, and the unit of one lot of the vendor are different.
When backtesting for optimal MinlotFund settings, please make sure that the account currency in the Expert Settings is the same as the account currency of your active account. If there is no JPY in the Account Currency field of the Expert Settings for Initial Margin, enter JPY manually (if the active account is a Yen account). When back-testing, many people use PeriodConverter, which comes standard with MetaTrader, but it does not give accurate test results because the days of the week are partially shifted. Historical data testing using PeriodConverter may produce different results from the backtest results posted here.
When deciding on the compounding settings without back-testing, I would suggest that you decide on the minimum lot size you think is optimal when trading manually and how much your account balance is.
Although we do not believe that there is such a thing, the compound interest cannot be calculated correctly in the case of a firm that uses an odd value for the minimum lot.
If MM=true and the interest cannot be compounded correctly, the minimum lot is used.
If the balance is too small for the compounding setting and the lot calculated by the compounding calculation is zero, the minimum lot is taken.
Details ofparameterWeekEndExit
If the backtest results show that the performance is better without weekend carryover, the logic is designed not to carry over the weekend from the beginning, so the weekend settlement parameter is not included. For those who do not want to carry over the weekend, a weekend settlement function is provided, but if the weekend settlement function is set to true, the performance will be worse in the backtest. If set to "true", the settlement will be made at the time when the backtest results are better if the weekend settlement is not carried over.
If you mistakenly set the chart to another currency pair, you will be alerted and it will not work. If you have a vendor using a strange brand name, it may not work, in which case, please tell us the brand name at that vendor and we will fix it. If you are careful that the magic numbers do not overlap, you can run it with other EAs that support multiple EA operation.
If something is not working properly, we will fix it, but we cannot respond to requests such as elim inating drawdowns. It is possible to eliminate drawdowns in backtesting by combining complicated conditions, but this will increase the likelihood that the results will only be good in backtesting and will not work in actual operations. When you should lose, you should lose. If you modify it so that it does not lose, you will not be able to win when you can. Our policy is to update only when we think it will be positive in actual operation. The spread is created assuming a wide spread . Although testing with a narrower spread makes the backtest results look better, the narrower spread will result in a negative result in actual operations. If there were no spreads or commissions, trading at random with a risk reward of 1:1 would theoretically result in no total losses. In fact, many people lose because they do the opposite of losing a little and gaining a lot, and also because they are overburdened by spreads and commissions. Therefore, we estimate the spread too much, because underestimating the spread can hurt you.
To be sure, please confirm the operation with a demo account or back test before operating the EA. This EA does not guarantee future profits. We cannot compensate for any losses incurred as a result of using the EA. Please operate at your own risk.
Price: $188.78 (taxed)
¥30,000(taxed)
●Payment
Sales from : 12/21/2022 21:54
Price: $188.78 (taxed)
¥30,000(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
