MonteCarloWing_EURJPY
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Forward testing (Profit)
Monthly Statistics
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Calendar for Months
About EA's Strategy
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【Notice on Price Revision】
Thank you for always taking a look.
This EA has shown very favorable performance in the most recent forward test as well.
In order to maintain system quality and provide thorough user support in the future,we will be implementing gradual price increases in the near future.
We would appreciate it if customers considering purchasing could take a look during the current price period.
【EA Features】
Automated trading system「MonteCarloWing（Monte Carlo Wing）_EURJPY」is characterized by
automatic lot management using a sequenceMonte Carlo methodwhile trading.
～What is Monte Carlo method～
In casinos, Monte Carlo method (sequence method) is a betting management strategy that applies probability and mathematical thinking.
Unlike traditional doubling strategies like Martingale that carry risk, this method uses a “sequence” to adjust bet sizes to optimize the balance of gains and losses.
The greatest feature of this method is that bet amounts vary logically according to wins and losses, avoiding unreasonable increases in stake.
In Martingale, as losses accumulate, bets double and capital depletes quickly, but in the sequence method, this increase is restrained, enabling more stable capital management.
Also, when wins continue, the sequence is cleared immediately, while even if losses continue, the design allows recovering losses at the moment of a win, allowing for calmer psychological trading.
The sequence method does not be swayed by emotions and proceeds based on mathematical discipline, making it a noted capital management algorithm in investing and forming the foundation of strategic trading.
In conclusion, Monte Carlo method (sequence method) is a sophisticated and rational capital management approach, and it is a highly valuable method for strategies that aim to suppress risk while increasing profits.
This EA adopts a 3x payout rule, ensuring profit to loss ratio per trade is 2:1.
To briefly describe the Monte Carlo-based lot management flow, it is as follows.
① In the first cycle, set three numbers in the range 1–3 (e.g., 1, 2, 3)
② Add the numbers at both ends of the sequence (e.g., 1 + 3 = 4 points)
③ Use the points above × 0.01 lot (※) as the initial lot size for the trade (e.g., 4 × 0.01 lot = 0.04 lot)
④ If you lose, append the points traded to the right end of the sequence (e.g., 1, 2, 3, 4)
⑤ Add the numbers at both ends of the sequence (e.g., 1 + 4 = 5 points)
⑥ Again, use the above points × 0.01 lot (※) as the initial lot size for the trade (e.g., 5 × 0.01 lot = 0.05 lot)
⑦ If you win, delete the two numbers at both ends (e.g.,1, 2,3, 4)
⑧ When no numbers remain or only one remains, the cycle ends
※ The lot size per point (initial value: 0.01 lot) can be changed by parameter
Also, under the 3x payout rule, win rate must be at least 33.33%, but
This EAWin rate: 34.99%(Backtest: about 19 years, trades: 5802) uses a logic that is operable,
making it possible to continue winning more consistently.
～Risk considerations～
We have introduced the Monte Carlo method and its advantages, but of course it is not a universal method that works in all situations.
A disadvantage of the Monte Carlo method is that with every loss, the bet amount extends to the end of the sequence, causing the sequence to grow and the next cycle’s lot size to gradually increase.
Therefore,it is very dangerous to operate without any stop loss.
In this EA, to limit ruin risk, we have adopted a mechanism to reset the sequence when the points (the sum of the ends of the sequence) expand beyond a threshold.
If the sequence is reset, that cycle ends in a loss, but please understand it as a recoverable stop loss.
【EA Specifications】
Trading currency: EURJPY Trading style: Day trading Timeframe: 5 minutes (※)
【Backtest results】※The measurement period is about 19 years.
①Initial funds: 1,000,000 JPY,Trading mode = Monte Carlo + compound, other parameters tested with default settings.
※Backtest report
【Parameter explanations】
| Order settings | Initial value | Description |
| Magic number | 13795802 | Set a number that does not overlap with other EAs. |
| Slippage | 20 | Maximum slippage limit. |
| Acceptable spread (Pips) | 10.0 | Maximum spread accepted at entry. |
| Retry times on order failure | 3 | Number of retries on order failure. |
| Interval seconds (ms) | 3000 | Interval until retry after order failure. |
| Mode settings | Initial value | Description |
| Trading mode | Monte Carlo + compound | Lot management method when trading. Available modes below. ①Monte Carlo + compound※Recommended Auto management of lot sizes using Monte Carlo method, and increasing the lot size per point automatically based on surplus margin (or account balance). ※ When running alongside other EAs, please pay close attention to capital management. ② Monte Carlo Only auto management of lot size using Monte Carlo method. If you want a simple capital management display when running alongside other EAs, or you want to manage the lot size per point yourself, please set here. ③ Simple interest Trade with a fixed lot size without using Monte Carlo method. ※As this is intended for a Monte Carlo-based buying/selling logic, this setting is not highly recommended. |
| Monte Carlo compound, Monte Carlo mode common settings | Initial value | Description |
| Per-pointLotSize | 0.01 | Set the lot size per point. Points are the sum of the end numbers of the Monte Carlo method sequence. Example) If set to 0.01 In one cycle, the initial sequence is [1, 2, 3] so the points are 4; thus the first trade is 4 × 0.01 = 0.04 lot. |
| Upper limit points | 100 | Set a cap on points that can be tolerated when they become large. If the logic exceeds the upper limit points (sum of end numbers of the sequence |
| Monte Carlo compound mode settings | Initial value | Description |
| Balance calculation | Surplus margin | Balance used to calculate lot size under compound mode. Choose from below. ①Surplus margin ② Account balance ※ When running concurrently with other EAs, please note that choosing account balance can complicate capital management. |
| Base balance (the amount excluded from lot size calculation) | 1000000 | Set the amount to be excluded from the calculation of lot size addition. This determines up to what amount of money you operate with “per-point lot size”. |
| Unit amount for adding lots size | 700000 | Set the unit amount for adding lots. For example, with all default settings If surplus margin is up to 1,000,000 JPY, the per-point lot size operates at 0.01 lot, and If surplus margin exceeds 1,700,000 JPY, a unit amount is added to the lot size, andthe per-point lot size switches to 0.02 lot. Subsequently, if it exceeds 2,400,000 JPY, the lot size increases to 0.03 lot, and so on. |
| Lot size addition per unit amount Lot size size | 0.01 | Set the lot size to add per unit amount. |
| Simple interest mode settings | Initial value | Description |
| Fixed lot size | 0.01 | Fixed lot size when trading with simple interest. |
| Buy trade settings | Initial value | Description |
| SL (Pips) ※ TP (Pips) = SL * 2 | 36.0 | Pips for stop loss in a single buy trade. Default recommended TP (Pips) is twice the SL (Pips). Example |
| Sell trade settings | Initial value | Description |
| SL (Pips) ※ TP (Pips) = SL * 2 | 36.0 | Pips for stop loss in a single sell trade. Default recommended TP (Pips) is twice the SL (Pips). Example |
Price: $156.09 (taxed)
￥25,000(taxed)
●Payment
Sales from : 07/29/2025 22:20
Price: $156.09 (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