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TRUE 五十日
Expert Advisors
MetaTrader 4
Sales from
1/25/2024
Last Updated At
2/6/2024
Version
1.02
My Profile
F-TRADING- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-38,541JPYProfit Factor
:
0.00Rate of return risk
?
:
-1Average Profit
:
0JPYAverage Loss
:
-40,400JPYBalance
?
:
961,459JPYRate of return (all periods) ?
:
-5.76%Win Rate
:
0%
(0/1)
Maximum Position
?
:
1Maximum Drawdown
?
:
5.76%
(38,541JPY)
Maximum Profit
:
0JPYMaximum Loss
:
-40,400JPYRecommended Margin
?
:
669,302JPYUnrealized P/L
:
0JPYDeposit
?
:
1,000,000JPYCurrency
:
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
[USD/JPY]
Trading Style
[Scalping]
[Day Trading]
Maximum Number Position
1
Maximum Lot
99
Chart Time Frame
H1
Maximum Stop Loss
40
Take Profit
100
Straddle Trading
No
Application Type
Metatrader Auto Trading
Other File Usages
No
About SHINGoToBi
ThisEA,SHIN GoToBi, is anEA that uses the Japanese market's unique trading logic of 50-day trades.
In the Japanese market, financial institutions set the base rate for foreign exchange transactions at 9:55 a.m. daily.
This is called the "middle price," at which time importers often place orders to buy dollars in order to raise funds for settlement, and the price tends to rise.
Therefore, you can aim for a profit by going long USD/JPY before 9: 55 and taking a dozen short positions at 9: 55, which is called an intermediate price trade.
Fifty-day trading is a trading method that allows you to aim for more solid profits by trading only on fifty days.
Most general 50-day EAs enter and close at the same time each time, but in this EA, the logic is designed to take a buy position at an advantageous time (when a push is formed, for example) between 7:00 and 9:00 on the 50th and a sell position at an advantageous time (when a return is formed, for example) between 9:55 and 10:10. The logic is designed to take a buy position at favorable timing (e.g., when a return is formed) between about 9:55 and 10:10 on the fiftieth day.
If we determine that there is no advantageous timing, we will not enter the market, even for fifty days.
By incorporating this unique logic into the fifty-day trade, this EA has been improved to only take a position if it is likely to win depending on the situation at the time.
This allows the user to avoid unnecessary drawdowns and to increase profits without fail, anda15-year backtest from 2009 based on theTick Data Suiterecorded a profit factor of 1. 90, making it a very stable logic.
How to use this EA
<Currency Pair
USD/JPY
<Hourly>.
1H
*Be sure touse the1Hleg.
<Parameters
- MagicNumber: Set the appropriate number yourself. Be careful not to duplicate the MagicNumber of other EAs. Also, for Buy 1 and Buy 2, the MagicNumber you set plus 1 and 2 will be used, so be careful not to duplicate these numbers as well.
- Lots: Lot size. Set according to your capital.
- Slippage: Allowable slippage. Adjust as necessary.
- Compound Interest : Compound interest on/off.
- Risk : Compound interest rate.
- Year-end and New Year filter:If set to " true",no entries are made during theyear-end and New Year period (12/25~1/3 ). This filter is recommended to be set to "false" for long-term backtesting, as it is very heavy in backtesting. This filter covers the period from 2009to2050.
- Buy1TP: This is the gain value for Buy 1. Please use the default value of 100.
- Buy1SL: This is the stop loss value for Buy 1. Please use the default value of -40.
- SellTP :Sell TP value. Please use the default value of 100.
- SellSL :Sell loss value. Please use the default value of -40.
- Buy Entry Start Time (Winter Time) : Start time for Buy 1 entry in U.S. Standard Time ( GMT+2/3 ), use default "00:20".
- Buy Entry End Time (Winter Time) : End time of the buy 1 entry in U.S. Standard Time ( GMT+2/3 ), use the default "01:59".
- Buy Entry Start Time (Daylight Savings Time) : Start time for Buy 1 entry in US Daylight Savings Time ( GMT+2/3 ), use default "01:20".
- Buy Entry End Time (Daylight Savings Time) : End time of the buy 1 entry in US Daylight Savings Time ( GMT+2/3 ), use the default "02:59".
- Sell Entry Start Time (Winter Time) : Start time for sell entry in U.S. Standard Time ( GMT+2/3 ), use default "02:55".
- Sell Entry End Time (Winter Time) : End time of the sell entry in U.S. Standard Time ( GMT+2/3 ), use the default "03:10".
- Sell Entry Start Time (Daylight Savings Time) : Start time for sell entry in US Daylight Savings Time ( GMT+2/3 ), use default "03:55".
- Sell Entry End Time (Daylight Savings Time) : End time of the sell entry in US Daylight Savings Time ( GMT+2/3 ), use the default "04:10".
- Buy Close Start Time (Winter Time) : Start time of the buy 1 close in U.S. Standard Time ( GMT+2/3 ), use the default "02:55".
- Buy Close Time (Winter Time) : Close time of Buy 1 in U.S. Standard Time ( GMT+2/3 ), use the default "02:56".
- Buy Close Start Time (Daylight Savings Time) : Start time of the buy 1 close in US Daylight Savings Time ( GMT+2/3 ), use the default "03:55".
- Buy Close Time (Daylight Saving Time) : Close time of Buy 1 in U.S. Daylight Saving Time ( GMT+2/3 ), use default "03:56".
- Sell Close Start Time (Winter Time) : Start time of the sell close in U.S. Standard Time ( GMT+2/3 ), use the default "06:20".
- Close of Sell (Winter Time) : Close of sell in U.S. Standard Time ( GMT+2/3 ), use default "06:21".
- Sell Close Start Time (Daylight Savings Time) : Start time of the sell close in US Daylight Savings Time ( GMT+2/3 ), use the default "07:20".
- Close of Sell (Daylight Savings Time) : Close of sell in US Daylight Savings Time, use default "07:21" for GMT+2/3.
<Attention.
- Please use a general GMT+2/3 vendor. Any other vendor may not work well.
- We recommend that you use a firm with as large a swap point as possible, a narrow spread for the corresponding currency pair, and low slippage.
- Please note that the EAdeveloper will not be able to compensate for any losses incurred by the user, including those caused by bugs or malfunctions.
- Contact Gogojan for information onEAsets, certification, etc.
- If you are unable to make an entry, first check that the authentication has been successful, that the "Allow automated trading" checkbox is checked, that the currency pair and time frame are appropriate, and that the margin is not insufficient for the lot size.
- Please calculate the required funds and number of lots by yourself based on the maximum stop loss and the average loss and maximum drawdown from back and forward tests.
- Please use a firm with a stop level of 0 or sufficiently small.
- This EA does not guarantee profits. There may be differences between back and forward tests and actual operations. Also, please understand that results may vary depending on your vendor, account, and environment.
- The price of this EA is subject to change without notice. Please be forewarned in advance.
Sales from
:
01/25/2024 14:30
Purchased
:
0
times
Price: $94.17 (taxed)
￥15,000(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 01/25/2024 14:30
Purchased
:
0
times
Price: $94.17 (taxed)
￥15,000(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
About Forex Automated Trading
What is Forex Automated Trading (MT4 EA)?
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.
Trading Types of Forex Automated Trading
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)
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)
Risks, Advantages, and Disadvantages of Forex Automated Trading
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.
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.
Equipment and Environment Needed for Automated Trading Operation
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.
・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.
Installation of MT4 and Account Login
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.
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.
How to Install EA on MT4
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.
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.
In Case You Want to Change the Account in Use
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 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.
Solutions for Errors During Web Authentication or Non-Functional Account Trading
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
→ Items to Check When EA is Not Operating
About the Size of Trading Lots
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.
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.
Glossary of Automated Trading
・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)
・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)
Useful related pages
・How to Install MT4 EA (Expert Advisor) and Indicators
・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
・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