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K_Helm_GBPJPY

K_Helm_GBPJPY Auto Trading
Expert Advisors
MetaTrader 4
Sales from
5/7/2023
Last Updated At
4/24/2023
Version
1.01
My Profile
riker
  • Whole period
  • 2 years
  • 1 year
  • 6 months
  • 3 months
  • 1 month
Profit
-146,114JPY
Profit Factor
0.90
Rate of return risk  ?
-0.45
Average Profit
6,086JPY
Average Loss
-5,053JPY
Balance  ?
853,886JPY
Rate of return (all periods) ?
-16.67%
Win Rate
42.68% (207/485)
Maximum Position  ?
3
Maximum Drawdown  ?
31.07% (326,710JPY)
Maximum Profit
36,320JPY
Maximum Loss
-13,300JPY
Recommended Margin  ?
876,285JPY
Unrealized P/L
-5,370JPY
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
[GBP/JPY]
Trading Style
[Day Trading] [Swing Trading]
Maximum Number Position
3
Maximum Lot
100
Chart Time Frame
M5
Maximum Stop Loss
130
Take Profit
0
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
■■■[EA Summary]■■
K_Helm_GBPJPY is an EA dedicated to 5-minute GBPJPY, and the main indicator used is "Williams %R". Originally, the oscillator-type "Williams %R" is often used to measure overbought/oversold conditions and to measure entry timing in a contrarian manner, but this EA uses the indicator in a different way. Specifically, it is used to measure trends. As a result of verifying thousands and thousands of past charts, we found that "Williams %R," with its large parameter numbers, is a good indicator for measuring the direction of a trend, and we have developed this EA to embody this. By using "Williams %R," we were able to determine the direction of the trend at an early stage, and this EA became an EA to enter early and aggressively attack.

■■ [EA Features]■■

EA dedicated to 5-minute GBPJPY ・Aggressive EA of day trading type ・Hold 3 positions at maximum ・Steadily rising profit curve in the past 16 years of back-testing ・Easy parameter setting
These features are briefly explained:・EA dedicated to 5-minute GBPJPYK-Helm_GBPJPY is an EA dedicated to 5-minute GBPJPY. It is not designed to operate with other currency pairs or time frames.Day trading type aggressive EA

The trend at the hourly level is detected early, and entry is made when a push or return occurs at the 5-minute level. If a trend reversal is confirmed, all positions may be closed and the market may be broken up. In this way, we can quickly switch positions to follow the trend. The average position holding time has been 15 hours so far, so I guess you could say that I am a day trader. However, there are cases in which a position is held for more than three days when the market shifts to a holding pattern after the position is held.

Hold a maximum of 3 positions

The maximum number of positions is 3, but these positions are not for "no-pin" trading, but rather for timely entry when the conditions are met. The number of positions can be changed from the parameters, so you can set the number of positions to 2 or 1 in consideration of the compatibility with other EAs.

The longer the period of back-testing, the more reliable it becomes .The longer the backtesting period, the more reliable the curve. The past 16 years means that the EA has continued to generate profits even during the Lehman Shock in 2008, the Great East Japan Earthquake in 2011, and the Corona Shock in 2020, without any major drawdowns.This EA has as few parameters as possible so that even beginners can use it with ease .

The minimum required items such as "magic number" and "number of lots" need only to be entered.

■■■バックテスト■■■

This EA has been back-tested for the past 16 years, and naturally there are zero inconsistent chart errors. The red lines are drawn for the most important items. First, " Spread" is set to "30". Not many people take this wide spread for Pound Sterling. Most people set a narrow value such as [10] or [20] here to make the backtest results look better. However, in the case of this EA, the superiority of the logic that does not depend on the [Spread] makes it possible to realize steadily rising profits even if the value is set this wide. Next, the total number of trades is 6039 over 16 years, which means that the average number of entries per month is about 31. This shows the tendency to attack quickly when a trend occurs. Next is the "maximum drawdown." The stability of the EA can be estimated to some extent by how much this item is kept under control. Although different developers may have different views on this item, if I were developing a non-numping EA, I would keep the maximum drawdown to less than $2,000 for a margin of $10,000. Especially in the case of GBP/JPY, the volatility is large and the maximum drawdown tends to be large, but even so, I have succeeded in keeping it under $2,000, or less than 10%. Next, the win rate is 46.98%, but since the risk reward ratio > 1 was achieved, we can see that the trader is trading with a small profit and a large loss. If the [win rate ] is too high, you cannot properly evaluate losing trades, and if it is too low, you cannot properly evaluate winning trades. In many cases, the win rate of EAs I develop is generally in the 40% to 60% range, and this EA follows suit. Finally, please take a look at the profit graph. Since this EA is not a pick-and-pin type, the graph is not a straight line as if a ruler was used to draw a neat line. While accepting moderate drawdowns,
The graph shows a steady rise with small waves.

■■■Parameters■■■■■■

[MAGIC] =20182404(Default value) Set a value different from other EAs. [ Lots] =0.1 (initial value) The number of lots for entry. [ Slippage] =2(Default) Maximum slippage. If it slips more than this, the entry will not be made. [ Max_spread] =4.0 (default) Maximum spread. No entry will be made if the spread exceeds this level. [ Max_STP] =130 (initial value) Maximum stop width (PIPS) [Max_Pos] =3 (initial value) Maximum number of positions that can be held simultaneously. Supplementary Explanation: Basically, these parameters do not need to be changed, but [ MAGIC] and [Lots] should be changed as appropriate for each individual situation. If you want to reduce risk, reduce [Max_Pos] to 1 or 2.

■■■ Entry Status■■■■ Entry Status

Entry and settlement are made as follows. The white vertical dotted line in the chart represents the end of the day in server time.

This is a case of a long entry in an uptrend, though,
Two positions were held and gains were made during the surge.


In this case, two long positions were initially held, but when the downtrend became clear, the positions were closed and a short entry was made. In this way, we change our positions quickly in accordance with the trend.

A position is closed when the internal gain condition is met, or when the stop is reached, or when the position is broken and the previous position is closed.

■■ Frequently Asked Questions ■Q1: Can I operate with any broker? A1:You can use any FX company as long as they use GMT+2 (GMT+3 in summer time) MT4. Q2:Is there a weekend position carry-over? A2: There is no weekend settlement function, so if you take a position at the close of the day, it may be carried over to the following week. Q3: Is it necessary to set summer or winter time? A3: No, it is not necessary. Q4: Can one MT4 be used to run other EAs at the same time? A4: It is possible to operate simultaneously. However, if both this EA and another EA have unrealized losses while the margin is low, there is a possibility that they will be forced to close below the guarantee maintenance ratio. Also, please set the magic number different from other EAs.

Q5: How many positions may I hold? A5: You may hold up to three positions. However, the number of positions can be changed using the parameter settings, so if you want to reduce risk, reduce the number of positions to one or two. Conversely, you can increase the number of positions, but we do not recommend it. Q6:What are the profit and loss limits? A6:The gain and loss limits vary depending on the volatility of the market at the time, but the average gain is about 60 PIPS and the average loss is about 40 PIPS. The higher the volatility, the larger the profit and loss margin, but the maximum stop-loss margin is limited to 130 PIPS. Q7:Can I close positions manually? A7: Yes, but please close all open positions at once if you wish to do so manually. Q8: Do you trade both sides of a trade? A8: No, we do not. Doten (do-ten) is allowed. Q9: How often do you make entries? A9: According to back-testing and real trades, we calculate that we enter about 31 times per month.

■■DISCLAIMER ■■ - The copyright of this EA constitutes a copyrighted work protected by the Copyright Act. Reproduction, modification, or redistribution of this EA is strictly prohibited by law. The contents of this EA are subject to change or discontinuation without notice. The results of back and forward tests of this EA are not a guarantee of future profits. The developer assumes no responsibility for any losses incurred by using this EA, including those caused by program malfunctions, bugs, etc. Please use this EA at your own risk. Please be sure to use this EA at your own risk.
¥2,000 coupon available.
The coupon will expire in 5 days.
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Sales from :  05/07/2023 23:03
Purchased :  1 times

Price: $151.35 (taxed)

¥24,800(taxed)

Provider/Distributor:
Sales site:

Payment

Master VISA JCB
Forward Test
Back Test

Sales from :  05/07/2023 23:03
Purchased :  1 times

Price: $151.35 (taxed)

¥24,800(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)