Utility player
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Forward testing (Profit)
Monthly Statistics
- Jan
- Feb
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- Apr
- May
- Jun
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- Aug
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Calendar for Months
About EA's Strategy
Translating...
The following page is currently a reprint from the MT4 sales page.
Please note that there may be discrepancies with MT5.
Thank you for your understanding.
First of all,a combined trend-following and counter-trend logicis employed.
Needless to say, market conditions vary at different times. Broadly speaking, there are trending markets and ranging markets. There are times when trend-following is effective and times when counter-trend trading is effective. The utility player concept aims to stabilize profits by incorporating both trend-following and counter-trend trading into a single EA.The EA is designed to coexist trend-following and counter-trend trading under the same logicto achieve stability in earnings.
Moreover, it operates underthe same logicfor both types of trades.
It would be ineffective if trend-following and counter-trend logics were completely different and not interconnected. Such a design could result in each having their own strengths and weaknesses, and each might not fully cover the risks. Therefore, we hypothesized that by operating under the same logic, we could apply trend-following in suitable conditions and counter-trend in others, creating an EA that can handle both scenarios effectively. Thus, by connecting trend-following and counter-trend trading under one framework, we aimed to sufficiently cover the risks of both and achieve stable earnings. This approach ensures adaptability to any market environment, which is why we named it the Utility Player.
【Backtest and Historical Verification Results】
(TDS Variable Spread: 0.5pips～10pips variable, Spread Filter 3.0pips)
We conducted long-term backtesting to confirm the stability of the logic.During the EA development, we set the spread at 1.5pips to confirm spread tolerance.The profit factor is realistic given these settings.The maximum drawdown is around 300pips.With a sufficient number of trades, the buy and sell ratios are balanced.The win rate is 70%, making it a scalping type EA.It is designed to have many winning streaks and fewer losses from losing streaks.
【Compound Interest Operation Backtest】
【Compound Interest Operation Results from 200K Capital】
Operating Capital: 200K to 500M Parameter RiskRate=100 (0.2 lots for 200K capital, refer below)
【Quant Analyzer Analysis Results】
【Monthly and Annual Returns】
These calculations are based on historical backtests only. Lots are set to the maximum quantity allowable by the margin. ＜Assumptions＞ Period: 1999/2/1～2020/5/1 (21 years and 3 months) Initial Margin: 1M Lots: 1.0 Net Profit: 9,882,240 JPY Based on these figures, Average Annual Profit: 465,047 JPY Average Monthly Profit: 38,754 JPY With an initial margin of 1M, Annual Return: 46.5% Monthly Return: 3.9% .
【About Parameters】
【Frequently Asked Questions Q&A】
Q1: Can it operate with any broker?A1: Yes. However, this EA occasionally engages in hedging. Testing has not been conducted on accounts that prohibit hedging. Use on such accounts is at your own risk.Q2: Can it operate with any currency pair and time frame?A2: Yes, it can operate without errors. However, it is tuned for USD/JPY on a 5-minute chart. Use with other settings is at your own risk.Q3: What is the minimum required margin?A3: Based on over 20 years of backtesting, the maximum drawdown for 0.1 lots was around 35,000 JPY (approximately 350 pips). For a 25x leverage account, 10,000 JPY for 0.01 lots (Parameter RiskRate=100) is a guideline.Q4: Can you explain the compound interest parameter "Risk Rate" in detail?A4: It is as follows: RiskRate=10: 0.01 lots per 100K excess margin RiskRate=50: 0.05 lots per 100K excess margin RiskRate=100: 0.1 lots per 100K excess margin RiskRate=200: 0.2 lots per 100K excess margin The calculation formula is,
Risk Value = Lots ÷ Account Balance (in 10K units) × 10000 You can calculate it here.
Q5: Do I need to manually change the "ServerTimeGMT" during summer and winter time changes?A5:Only if you set the weekend close function to True, manual changes are necessary. Thank you for your cooperation.Q6: What is the annual return with simple interest operation? A5: Based on over 20 years of backtesting, for a 25x leverage account with an initial margin of 100K and 0.1 lots, the net profit over 20 years is approximately 1M. That translates to about 50K per year. With an initial margin of 100K, earning 50K in a year means an annual return of 50%.
【Author Introduction】
I have incorporated various methods proven as a discretionary trader into EAs.
【Introduction to Notable Works】
【Free Newsletter Available】
We provide valuable information about the operation of EAs sold on GogoJungle.
【EA Operation Tips】
Points to consider when evaluating an EA (personal opinion)
First of all, havingbacktests availableis essential.You may have heard that "backtests are unreliable,"but EA developers evaluate the logic of their EAs using backtests.
Therefore, even if the forward test is good in the short term,
it is important that it is backed by backtests,andusually the backtest period is longer than the forward period.Taking these into consideration,it is crucial not to judge the quality of an EA based solely on a short-term forward test,but rather to evaluate the quality of an EA based on backtests..In summary,
recovery factor, set spread, expected profit, and backtest period are important in backtests..
Win rate is naturally determined by the type of EA and is not an evaluation criterion.
In addition, it is favorable if the annual profit and loss are positive across all years..
Price: $313.88 (taxed)
￥50,000(taxed)
●Payment
Sales from : 04/27/2024 04:45
Price: $313.88 (taxed)
￥50,000(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