もーにんぐすきゃる USDJPY
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Real Performance
※Displays results including swaps and fees
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...
【Overview of EA】
・An early morning scalping EA that enters short-term counter-trend entries during the time when the spread is calm between 5 and 7 in Japan time.
It does not push for profits and exits with a win.
Also, if the price moves against you, it will close once it has moved back to a certain extent.
・To avoid holding positions over the weekend, it does not enter trades after 5:00 on Saturdays Japan time.
・On Mondays, it enters around 7:00 Japan time from the trading start time of each FX company.
・It is settled by internal logic, but rarely may hit stop loss.
・If you are concerned about negative swap points, it has a function to limit the trading direction to sell only or buy only, so please set it to trade only in the direction that accrues positive swap points.
・One position per side (two positions when hedging)
・Namping (averaging down) and martingale are not performed.
【Backtesting】
【Parameters】
| Magic Number | Set to a value of 1 or higher. If running with other EAs in the same account, please set to avoid overlap. |
| Lot | Set the lot size for simple interest operation. Recommended setting is 0.1 for a balance of 1,000,000 yen. Sometimes hits the maximum stop loss, so please set the loss amount on drawdown to fit your tolerance. |
| Stop Loss | Optimized values tailored to the currency pair. If you want to limit the loss per trade, change to your preferred value. Be aware that even if loss per trade is limited, total trades may incur larger losses. |
| Take Profit | Optimized values tailored to the currency pair. |
| Allowable Slippage | Set the acceptable slippage value. Adjustments are possible, but large values may increase entries in unfavorable situations, so large values are not recommended. |
| Allowable Spread | Optimized values tailored to the currency pair. Adjustments are possible, but large values may increase entries in unfavorable situations, so large values are not recommended. |
| Long Entry | Set to true to allow long entries. If you want to avoid negative swap on long positions, set to false. |
| Short Entry | Set to true to allow short entries. If you want to avoid negative swap on short positions, set to false. |
| Compounding Feature | Set to true if you want to use compounding. |
| Loss Ratio of Stop Loss Relative to Account Balance | Sets the loss amount as a percentage of the account balance when the stop loss is hit. The lot size is automatically calculated according to the set ratio. Example) If stop loss is 50 pips and allowable loss is 3%. If 1 lot moves by 1 pip, the value is 1,000 yen. If stop loss is set to 50 pips, the loss for 1 lot is 50,000 yen. If your margin is 1,000,000 yen and you take a 3% risk, the allowable loss is 30,000 yen. 30,000 ÷ 50,000 = 0.6. The automatically calculated lot size will be 0.6 Lot. |
| Summer Time Format Used in Testing & Optimization | Used during backtesting and optimization. Please set to your FX company's summer time format. In general, many brokers adopt New York time summer time format, with GMT offset 3 for summer time and 2 for winter time. |
| Summer Time GMT Offset for Testing & Optimization | Set the GMT offset of summer time according to the summer time format used by your FX company. Please set according to your broker's summer time format. |
| Winter Time GMT Offset for Testing & Optimization | Set the GMT offset of winter time for testing and optimization according to the summer time format used by your broker. |
【Available FX Brokers】
・Available with MT4 brokers that have the target currency pairs and where the normal spread is within the default allowable spread values.
【Precautions】
・Since this falls under investment advisory as defined by the Financial Instruments and Exchange Act, we cannot answer questions other than how to use the EA parameters and settings.
・The timing of operation and decision of trading lot size must be decided by the user.
・This EA does not guarantee profits.
Depending on future market conditions, losses greater than those in past tests may occur, so please understand.
・Parameter values other than lot size and the loss ratio of stop loss relative to account balance default values are the recommended settings.
Please take responsibility for results after changing settings.
Price: $93.67 (taxed)
￥15,000(taxed)
●Payment
Sales from : 11/01/2023 00:02
Price: $93.67 (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