Be Wave 5 -CHFJPY M15-
- 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...
Inheriting the strengths of Version 4, the number of bars in WaveLevel is 8! By using 15-minute charts, we increase the number of trades and enhance profit opportunities. Additionally, it is now possible to set individual lot sizes for both upward and downward directions. |
|||||||||||||||||||
|
|
"Be Wave" is a long-term operation EA. It is a multi-scalping EA designed and developed with a focus on efficiency, stability, and aesthetics. Trends vary widely, including large waves, small waves, long-term waves, and short-term ones, but it is crucial to ride any wave effectively. To achieve this, the EA must analyze not only the displayed chart information but also the recent trends, long-term trends, and information from other charts to quickly and accurately understand the situation. Based on this, trading that aligns with the trend is an essential condition for winning, and "Be Wave" is equipped with many excellent logics tailored to those situations. Additionally, we consider information dissemination and design to be very important. |
|
|||||||||||||||||
|
|
|||||||||||||||||||
|
To respond to market uncertainty, it is no longer necessary to take equal risks in both directions. By reducing risk in a specific direction, there is a psychological advantage of being able to trade with peace of mind.
|
|||||||||||||||||||
|
|
|||||||||||||||||||
|
|
Settlement unit win rate of100%! Approximately4,500 trades! When closing a position, whether for a single position or multiple positions, it is always designed to be profitable. Trades will only start when favorable conditions are met, but many position acquisitions will not miss profit opportunities. Additionally, the effect of risk diversification due to the high number of trades can also be obtained. |
|
|||||||||||||||||
|
|
|||||||||||||||||||
| Panel Patterns | |||||||||||||||||||
| |||||||||||||||||||
| Panel 1 | ||||
Using the image of the sister product EURJPY as an example. The upper panel displays, from top to bottom, the EA name, magic number, number of positions, and the maximum number of positions that can be acquired.
When holding a BUY position, it is displayed in blue tones. The maximum number of positions that can be acquired is the setting value of the parameter "SL_MaxPosition". You can hold positions up to this number. | ||||
| Panel 2 | ||||
| The second panel shows the set lot size, take profit value, and stop loss value. | ||||
| Regarding take profit and stop loss, it is as follows. If you set "5" in the expert parameter TakeProfit, it will display "TP:5.00" (which equals 5 pips) on the panel. Also, if you set "200.0" in StopLoss, the panel will display "SL:200.00" (which equals 2 yen 00 sen). | ||||
| Panel 3 | ||||
|
The third panel is a graph-shaped panel, which is one of the features of Be Wave. When several acquisition conditions are not met, it is displayed in gray tones. When it changes to blue tones, it indicates that the acquisition conditions for the Buy position are beginning to be met. |
|
| When all bars exceed this line, it means that all acquisition conditions are met, and position acquisition is approaching. Moreover, the larger this bar is, the higher the desire for acquisition. |
| Panel 4 | ||||
| The bottom panel displays the safety stopper for security. From the top, it includes spread, year-end and New Year, and safety functions related to margin balance. | ||||
| In this example image, "Spread" shows "0.0006" as the current spread, and "0.030" is the maximum width of the spread that can be acquired. In this case, the spread can be acquired between "0" and "0.03 (3 pips)." In cases of high volatility, spreads can widen drastically. In such situations, you may be forced into very unfavorable trades, so this becomes a very important safety measure to avoid such unfavorable trades. If the spread expands beyond this setting value, the display color will change, and a visual message will be sent. "NoOpen" indicates the acquisition restriction during the year-end and New Year period. In this case, there will be no acquisition (OPEN) from "December 24" to "January 5". Settings can be made from the parameter setting screen. Also, since the year-end and New Year business hours vary by broker, please check carefully before making changes. "Barance" is a function to directly protect assets in case of emergencies. On the left, "999400" is the current margin balance, and "0" is the setting value. If you want to impose a restriction that prevents acquisition if the margin balance falls below "500,000 yen", set the parameter "NoTradeBarance" to "500000". If the margin balance falls below this setting value, the display color will change, and a visual message will be sent. | ||||
| Experts Parameters | |||
| |
|||
| MagicNumber | [Default Value] 5032032 | MagicNumber sets an integer value. Please avoid simultaneous operation with EAs that do not have a MagicNumber setting within the same account. The setting value "0" is not allowed. | |
| Buy_Lots | [Default Value] 0.1 | Sets the lot size for acquiring in Buy. ⅛ For example, in Forex Finest (when 0.01 = 1,000 currency units) Recommended: Lots 0.05 to 0.1 / Balance 1,000,000 yen |
|
| Sell_Lots | [Default Value] 0.02 | Sets the lot size for acquiring in Sell. | |
| TakeProfit | [Default Value] 5.0 | Set when a position is acquired with "SL_MaxPosition" set to "1", or when multiple positions are acquired with "SL_MaxPosition" set to "2" or more. "5.0" = "5 pips" | |
| StopLoss | [Default Value] 200.0 | Set when a position is acquired with "SL_MaxPosition" set to "1", or when the number of held positions reaches that number with "SL_MaxPosition" set to "2" or more. "200.0" = "2 yen 00 sen" |
|
| SL_MaxPosition | [Default Value] 10 | The maximum number of positions that can be held. |
|
|
⛀ Year-end acquisition restriction This function prevents acquisitions at year-end. 【Example 1】 If you want to acquire without restrictions YearEnd_NoOpen = "false" 【Example 2】 If you do not want to acquire after December 24 YearEnd_NoOpen = "true" YearEnd_NoOpen_Month = "12" YearEnd_NoOpen_Day = "24" |
|||
|
⛀ New Year acquisition restriction This function prevents acquisitions at the beginning of the year. 【Example 1】 If you want to acquire without restrictions NewYear_NoOpen = "false" 【Example 2】 If you do not want to acquire until January 5 NewYear_NoOpen = "true" NewYear_NoOpen_Month = "1" NewYear_NoOpen_Day = "5" |
|||
By setting "SL_MaxPosition" to "1", you can do the following. |
| ⅛ Image example is BeWave4 "GBPJPY" |
|
|
|||
|
|
|||
Price: $156.94 (taxed)
¥25,000(taxed)
●Payment
Sales from : 01/27/2025 21:39
Price: $156.94 (taxed)
¥25,000(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
