もーにんぐすきゃる EURJPY
- 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】
A morning scalping EA that enters short-term counter-trend when the spread is stable in the 5 to 7 a.m. Japan time period.
It does not force profits to run; it exits with a win.
Also, even if it moves against you, it will close once the price movement rebounds to a certain extent.
• To avoid holding positions over the weekend, it does not enter after 5:00 on Saturdays Japan time.
• On Mondays, it enters around 7 a.m. Japan time from the trading start times of each FX company.
• It settles based on internal logic, but rarely may hit a stop loss.
• If you are concerned about negative swap points, there is a feature to restrict trading to buy direction only or sell direction only, so please set it to trade only in the direction that earns positive swap points.
・One open position per side (two positions when hedging)
・No averaging down or martingale.
【Backtest】
Parameters
| Magic Number | Set a value of 1 or greater. If other EAs run simultaneously on the same account, set to avoid overlap. |
| Lot | Set the lot size for simple (non-compounded) operation. Recommended setting: 0.1 for a balance of 1,000,000 yen. Since it may occasionally hit the maximum stop loss, please set so that the potential loss during a drawdown fits your tolerance. |
| Stop Loss | Optimized for each currency pair. If you want to limit loss per trade, please change to a value you prefer. Be careful as total trades can accumulate losses even if individual trades are limited. |
| Take Profit | Optimized for each currency pair. |
| Acceptable Slippage | Set the acceptable slippage value. Adjustments are possible, but setting a too large value may increase entries in unfavorable conditions, so not recommended to set too large a value. |
| Acceptable Spread | Optimized for each currency pair. Adjustments are possible, but not recommended to set too large a value as it increases entries in unfavorable conditions. |
| Long Entry | Set to true to allow long entries. If negative swaps occur on long positions and you want to avoid them, set this to false. |
| Short Entry | Set to true to allow short entries. If negative swaps occur on short positions and you want to avoid them, set this to false. |
| Compound Interest Function | Set to true to use the compounding feature. |
| Loss Ratio of Stop-Loss to Account Balance | Set the percentage of loss relative to account balance when hit by stop loss. The lot size is automatically calculated according to the set percentage. |
| Summer Time Format for Testing/Optimization | Used during backtesting/optimization. Set to your FX company’s summer time format. Generally, many FX companies use New York time as summer time format, with GMT offset 3 in summer and 2 in winter. |
| GMT Offset for Summer Time during Testing/Optimization | Set the GMT offset for summer time during testing/optimization according to the summer time format. Please set in accordance with your FX company’s summer time format. |
| GMT Offset for Winter Time during Testing/Optimization | Set the GMT offset for winter time during testing/optimization according to the summer time format. Please set in accordance with your FX company’s summer time format. |
【Available FX Brokers/Dealers】
・This can be used with FX brokers that have target currency pairs and default acceptable spreads close to the standard spread during normal times, using MT4.
【Notes】
・Because this falls under investment advisory activities under the Financial Instruments and Exchange Act, we cannot answer questions other than how to use the EA parameters and settings.
The timing of EA 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.
・Apart from the lot size and the loss ratio for stop-loss as a portion of account balance, other parameter values default to recommended settings.
Please take responsibility for results after changing settings.
Price: $93.67 (taxed)
￥15,000(taxed)
●Payment
Sales from : 12/21/2023 22:32
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