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

ALFA1

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    ALFA1

    ALFA1 Auto Trading
    (0)
    Expert Advisors
    MetaTrader 4
    Sales from
    3/15/2023
    Last Updated At
    5/8/2023
    Version
    2.01
    My Profile
    Kite
    • Whole period
    • 2 years
    • 1 year
    • 6 months
    • 3 months
    • 1 month
    Profit
    :  -60,933JPY
    Profit Factor
    :  0.97
    Rate of return risk  ?
    :  -0.12
    Average Profit
    :  24,421JPY
    Average Loss
    :  -21,344JPY
    Balance  ?
    :  939,067JPY
    Rate of return (all periods) ?
    :  -4.79%
    Win Rate
    :  45.89% (95/207)
    Maximum Position  ?
    :  1
    Maximum Drawdown  ?
    :  30.70% (507,663JPY)
    Maximum Profit
    :  146,520JPY
    Maximum Loss
    :  -51,000JPY
    Recommended Margin  ?
    :  1,272,180JPY
    Unrealized P/L
    :  0JPY
    Deposit  ?
    :  1,000,000JPY
    Currency
    :  JPY- Account
    Operable Brokers
    Usable with MT4-adopting brokers.

    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
    [GBP/JPY]
    Trading Style
    [Swing Trading]
    Maximum Number Position
    1
    Maximum Lot
    1
    Chart Time Frame
    M30
    Maximum Stop Loss
    170
    Take Profit
    0
    Straddle Trading
    No
    Application Type
    Metatrader Auto Trading
    Other File Usages
    No

    Introduction of ALFA1 GBPJPY

    Details including forward testing are available on the official blog.

    This will be a 30 minute only swing trade on GBP/JPY.

    Entry logic is forwardEntry is made by trend-following.

    In order to control excessive curve fitting, only two moving averages, golden and dead crosses, and a single moving average entry filter are used.

    The technicals used are the golden and dead crosses of two moving averages, the entry filter of one moving average, and the setting period is also set to a general value.

    In addition, various settlement logics are employed in order to remain profitable.


    Other features as seen in the back test results




    • Back test period: 1/1/2010 - 12/30/2022 (13 years) 0.3 lot fixed, 7,420,000 yen from 1,000,000 yen (*).
    • As can be seen from the asset curve and "PL in money by year," there are flat periods and drawdown periods, but no losses in any year.
    • The average number of trades per month is 3 to 5. This is not recommended for those who like high frequency trading.

    • As you can see from the "Trades by duration," the average duration of a position is about 44 hours. Not recommended for those who do not like to hold positions for long periods of time.

    • Entry and close are performed after the candlestick is fixed, for reproducibility in backtesting.( SL closing is a constant operation).

    • Win rate is 50%. Not recommended for those who are stressed by low winning rate or losing streaks.
    • Stop loss is calculated and set according to market conditions and volatility, but the maximum value (maximum stop loss) is limited to 170 pips. (In the case of a 0.1 lot yen account, the loss will be 17,000 yen.)
    • No nan-pinning, no martingale
    The data does not guarantee that the results will be consistent in the future. Furthermore, depending on the situation, there may be a negative result or a loss greater than the amount invested.

    ■ Concept of operational lot

    The most important thing to consider is the size of the lot to be operated.


    Can you hold out to the point where your funds are reduced by what percentage?"


    The first two are the following.


    Please use this concept as a reference to determine the lot to be operated.

    The back test of our EA is 0.3 lots for 1 million yen.

    This is a slightly higher risk setting, as it means that if you start with 1,000,000 yen in investment funds, there is a possibility that your funds will be reduced to 300,000 yen due to drawdowns.

    For a low-risk, low-return setting, use a smaller lot size.

    For example, if you want to limit the amount of funds to a 10% reduction (up to 100,000), you may choose to operate lots of 0.1 lot or less. The maximum drawdown during the backtest period is 96,000 yen with 0.1 lot.

    ■Parameter setting

    • MagicNumber : Magic number Default value "230224

      　When using other EAs in the same account, please make sure not to duplicate the same EA.

    • Lots : Number of lots traded Default value "0.3

      　Please set based on the allowable risk.

    • MaxSpread ：Maximum spread Initial value "5.0 (5.0 pips)

    • Slippage : Slippage initial value "10 (ten pips)

    • GMT ：GMT of each FX company Default value "2

      　Enter "2" if the FX company's GMT is GMT+2/Summer+3, "9" if GMT+9, or "0" if GMT+0. This is used for the function to delay orders during rollover described below.

    • Summertime ： Daylight saving time correction Default value "1

      　Enter "1" for U.S. time, "2" for U.K. time, and "0" for FX companies without daylight saving time.

    • EntryNG_EndofYear ： Restriction of operation during the year-end and New Year holidays Default value: "false

      　If "true" is selected, operation is restricted during the year-end and New Year holidays (December 16 through January 5).

    • Rollover_DelayTime ： Entry delay time for rollover Default value "10

      　Many FX firms do not accept orders during rollover time.

      Even for those firms that do accept orders, there is a concern that performance may deteriorate due to a sudden opening of the spread.

      As a countermeasure, we have implemented a function to delay orders only during rollover time. For example, if you enter 10 (minutes)

      For example, if 10 (minutes) is entered, the order at 0:00 will be placed at 0:10.
      (7:10 Japan time (6:10 US Eastern Daylight Time))

      This reduces the opportunity loss caused by an order not going through at 0:00.

      The back test is conducted with the default value of 10 (minutes).

      This function is only available for FX firms that distribute rates (tick updates) at the time of rollover.
    • Once set, there is no need to change the GMT setting during the daylight saving time changeover period.
    Sales from :  03/15/2023 23:55
    Purchased :  1 times

    Price: $112.3 (taxed)

    ￥18,000(taxed)

    Provider/Distributor:
    Sales site:
    GogoJungle Co., Ltd.
    GogoJungle

    ●Payment

    Master VISA JCB
    Forward Test
    Back Test
    Sales from :  03/15/2023 23:55
    Purchased :  1 times

    Price: $112.3 (taxed)

    ￥18,000(taxed)

    Provider/Distributor:
    Sales site:
    GogoJungle Co., Ltd.
    GogoJungle

    ●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)