Golden King Jungle
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
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...
Golden King Jangle
A trend advisor with a martingale system!📉📈
Description:
Golden King Jungle is a trend advisor developed
based on the martingale system. The Expert Advisor analyzes several timeframe and provides signals for opening orders.
Signals for opening the first order:
-The Expert Advisor is configured by default to trade on the M1 chart.
- Three timeframes are analyzed: H1, M15 and M1.
- Synchronization occurs from the older timeframe
to the younger one. If there is no synchronization on all 3 timeframes, the order will not open.
- The trend is determined based on moving averages
and original patterns on 3 timeframes.
- The user can select and adjust the periods of
moving averages according to his desire and experience. The default settings are: H1 - 24, M15 - 16, M1 - 60.
Order Management:
- Martingale is used to increase the volume of orders.
- Take profit is averaged so that when all orders
are closed, the total profit is at least 2 to 1 in relation to losses.
- For example, if 5 orders are opened (the very
first and four martingale steps), then after closing the series, 3 of them will be in the red and 2 in the black. But the profit from those 2 pluses will be at least 2 times more than the losses from those 3 minuses.
Recommendations on assets and timeframe:
- The advisor is multicurrency and multi timeframe, but it is recommended to use it on gold (XAUUSD).
- It's important! The EA should always be on the M1 chart. Since the trend is calculated from the higher timeframe to the lower one, when switching to H1, the order will open immediately without taking into account the lower (low) timeframes. The same thing if you switch to M15. In this case, M1 will not be taken into account. The M1 schedule ensures fast and frequent operation of the adviser.
Position management:
-It is also advisable to disable auto trading
when opening and changing trading sessions. Especially during the closing of the European and the beginning of the American session. Although it is not always necessary to adhere to this, but close attention should be paid.
-Although the EA is trending, it is still recommended to control open positions and series at least a little. It is important to always keep important news in mind. Especially on Fridays on TV.
-And importantly, it is recommended to turn off auto trading altogether on any public holidays! Such holidays, when any of the exchanges is resting: America, Europe or Asia…
- You also need to have at least some basic knowledge of price behavior. And knowledge of the logic of the moving average indicator (SMA). And keep an eye on the price on each of the timeframes. Let's say globally on H1 the trend is upward and the price, although it is above the SMA line, but locally it is moving downwards for a correction, and on M15 and M1 it has been under the SMA for a long time, then it is better to disable auto trading. Until, according to your knowledge, the correction for H1 ends and the price rises above the SMA again on the M15 and M1 charts.
I recommend the minimum deposit amount:
-It is advisable to have a deposit amount of $ 500
and above. The maximum number of martingale steps for the entire time the adviser was working was 7. The adviser can easily withstand such a number of steps with such an amount. But if less than this amount, then strict and strict control is already needed! Namely, it is better to wait for the end of the correction and connect the adviser when a new wave of trend is revived. When will the H1 price start following the global trend again…
Profit Management:
-Since the Expert Advisor is grid -based on the Martingale system, it is recommended to withdraw profits often! If not every day, then at least once a week. And in no case should you chase the acceleration of the deposit!
Price:
- When buying at once: $500.
- Monthly installments: $150 per week, the final price is $ 600.
Price: $92.63 (taxed)
￥15,000(taxed)
●Payment
Sales from : 06/24/2024 21:15
Price: $92.63 (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