GoGoGotobi Lite

Parameter Setting

1. about the 50th

In Japan, it is said that many companies that conduct business with foreign countries place purchase orders for U.S. dollars in order to raise funds for their business before the middle market hour (9:55 Japan time). Among these, since Japan has a long-established business custom of making fifty payments, the settlement of funds by domestic importers tends to be concentrated on the fiftieth, and as a result, the USD/JPY rate tends to rise toward a weaker yen until 9:55 JST and then fall after 9:55 JST. *Reference: Jaffee Journal, Vol. 19, 2021, p. 57-78, "Relationship between Trade Currency Ratio and Gotovian Anomaly in Domestic Imports. 2. about EA Outline of EA: ・Outline of EA We focus on the fifty-day middle price time (trading with actual demand) to buy for a rate rise and sell for a rate fall. We need to engage in economic activities in order to lead our daily lives, and therefore we believe that trading based on real demand can steadily increase our assets from a long-term perspective. As stated in the back-test, assets have continued to increase from 2003~2022 from a long-term perspective. This EA will target the 50-day middle price time, which is considered to have a particularly high time advantage among trades involving actual demand.

This EA is a simplified version of GoGoGotobi that removes the technical element from GoGoGotobi and focuses only on time to trade, and although the accuracy of the trades is slightly lower than GoGoGotobi, the concept of "accumulating profits steadily with a moderate winning rate" is the same.

Logic of EA:. The following trades will be made based on the 50-day midday price time. (1) Buy Entry at 0:00 JST → Exit at 9:55 JST (2) Sell Entry at 9:55 JST → Exit at 15:00 JST ・Entry will not be made if a retreating trend is occurring according to the original trend judgment. This EA trades only one position. It does not trade both positions. (Even if you set Exit for Buy at 9:55 and Entry for Sell at 9:55, it will close the Buy position first and then start trading the Sell position.) Day on which the trade is made: ・Day on which the trade is made ・Multiple of 5 days of each month + the end of the month (5, 10, 15, 20, 25 days + the end of the month) *If the 50th day falls on a Saturday, Sunday, or holiday in Japan, the business day immediately preceding it will be the 50th day (50th day in advance). *Christmas (12/25) will not be entered even if it falls on a fiftieth day. 3. long-term back-test results of this EA Attached below are the results of back-testing under various conditions. In all cases, the spread is 1.0 pips. (1) Default setting: Both buy & sell trades are executed.

(2) When executing a buy-only transaction

(3) When conducting a sell-only transaction

(4) When both buy & sell transactions are executed, but not on U.S. weekends and holidays

*This is a backtest with USA_Holiday_Entry set to false.

Cautions for using this EA This EA is not intended to provide investment advice. Please use your own judgment when deciding on the operation and lot size of the EA. Please be sure to back-test and forward-test the EA to confirm that it is operating properly in your environment. Please make sure that the Japanese time displayed on the chart when the EA is applied matches the actual Japanese time.However, the time zone will not be displayed correctly when the broker's servers are down, such as on weekends, so please check the time zone during server operating hours. This EA is designed to automatically calculate Japan time by determining the time zone of the broker's server. The time is automatically calculated even when daylight saving time is applied. Please set the number of charts to 5000 or more in the MT4 settings. Note for back testing This EA calculates the time by acquiring information on the broker's server, so please be sure to log in to the broker's server even during back testing. Also, since the time zone cannot be accurately determined during back testing, the EA is designed to run in GMT+0 (no daylight saving time setting). Please use GMT+0 historical data for back testing. In the default settings, even if the U.S. is on a Saturday, Sunday, or holiday, the EA will trade if it falls on a Japanese 50th day of the week. However, it is possible to set whether or not entry is allowed when the U.S. falls on a Saturday, Sunday, or holiday in the EA's parameters. Compound interest setting We do not plan to offer compound interest setting in this EA (unless requested by many users). The reason is that this EA is not a high winning rate type, but is designed to gradually increase assets while repeatedly winning and losing. The author believes that the most important thing in Forex is not to lose money. If you operate with compound interest, you can increase your assets significantly when you win in a row, but if you lose in a row, you may lose all your assets at once and have to exit the market. It is the author's wish that users will be able to increase their assets little by little without exiting the market. As stated above, this EA will lose its time advantage when price fluctuations exceed actual demand . For this reason, if you are concerned about a major event such as the FOMC meeting, for example, it is one way to stop operation.

Recommended lot size

Based on the results of the back test, we believe that 0.5~0.7 lot per 1 million yen at 25 times leverage is the best for stable operation, and 0.8~1.0 lot for those who are willing to take risks.

This EA does not trade across the week. This EA has the author's recommended trading hours set by default, but the parameters can be changed as needed . However, if the buy exit time is later than the sell entry time (for example, the buy exit time is 10:00 and the sell entry time is 9:55), the logic will not allow both positions to be held, so the sell trade will not be executed. If the position holding time overlaps, display two charts, change the magic number, and set two EAs to trade only the buy and sell positions, respectively. Only the currency pair USD/JPY is supported. GoGoJungle Demo Forward Test Settings We are operating with the default settings. Trading will be performed even if the U.S. is on weekends or holidays.