Midnight Reversal
- 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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Midnight Reversal v1.0 — JPY Cross 2-Currency Portfolio EA (MT4)
Catch Copy
Low-volatility period after London close and after NY data release aiming for JPY Cross M5 Scalper 2-Currency Pack. A night-focused derivative of Sleipnir Infinity Reverse. USDJPY and EURJPY run in parallel on the same account with different MagicNumbers; in a portfolio, 9.4 trades per month with an average PF of 2.03.
Product Overview
Midnight Reversal v1.0 narrows the logic of the sold EA “Sleipnir Infinity Reverse” to night broker 20:00-08:00 (JST 04:00-12:00 / Asia time) specifically, optimized for 2 JPY crosses simultaneously as a portfolio EA.
Why Nighttime × JPY Crosses?
| Design Decision | Reason |
|---|---|
| Night 20:00-08:00 broker time | London→NY after-hours adjustment + low liquidity in Asia early morning forms a range → high win rate on mean-reversion |
| JPY Cross Focus | During Asia hours, USDJPY and EURJPY are most active, with frequent deep RSI extremes |
| 2-Currency Pack | USDJPY and EURJPY have correlation 0.6-0.7; they move in similar directions but with diversification benefits |
| Separate MagicNumber | Even on the same account, positions and GlobalVariables remain independent, no conflicts |
| M5 Timeframe | Scalping-focused, 4-hour time stop structurally reduces drawdown pressure |
Since it operates only during the “calm” times when economic indicators and trends have ended,it structurally reduces the impact of economic surprise releases and sudden trends.
※ The performance metrics stated on this product page are all from past backtests. They do not guarantee future results.
5-Year Backtest Real Values (TDS 99.90% × M5 × ECN/STP broker real tick)
Period: 2020.01.02 – 2024.12.30 / Initial margin $10,000 / Fixed 0.01 lot
| Metric | USDJPY | EURJPY | Portfolio Total |
|---|---|---|---|
| Profit Factor | 2.09 | 1.96 | Average 2.03 |
| Net Profit (USD) | +274.06 | +139.04 | +413.10 |
| Net Return | 2.74% | 1.39% | 4.13% |
| Max Drawdown (USD) | 28.75 | 23.50 | |
| Max Drawdown % | 0.28% | 0.23% | <0.5% |
| Total Trades | 347 | 217 | 564 |
| Monthly Trades | 5.8 | 3.6 | 9.4 |
| Win Rate | 65.44% | Approximately 67% | |
| Max Consecutive Wins / Losses |
Key Points: For both currencies, max DD is below 0.3%. For the entire portfolio, 4.13% return with DD below 0.3% for a single currency →Risk-Reward ratio above 14:1 achieved over 5 years of real results.
Differentiation from Sleipnir Infinity Reverse
| Item | Sleipnir Infinity Reverse | Midnight Reversal |
|---|---|---|
| Trading Time | All timeframes | Limited to 20:00-08:00 broker time |
| Timeframe | M15 | M5(Scalping-focused) |
| Currencies | USDJPY | USDJPY + EURJPY (2-Currency Pack) |
| RSI Threshold | 40 / 60 | 28 / 72(deep reversal) |
| Grid Spacing | 20 pips (ATR adjustable) | 15 pips(fixed, narrow) |
| Averaging Ups / N | 6 steps | 5 steps(DD suppression) |
| Time Stop | 96 hours | 4 hours(nighttime settlement) |
| Basket DD | 8% | 6%(tight) |
| 5-Year Real PF | 1.83 | 2.09 (USDJPY) / 1.96 (EURJPY) |
| 5-Year Real PF Monthly Trades | 35-40 | 5.8 (USD) + 3.6 (EUR) = 9.4 |
| 5-Year Real PF Max DD | <5% | <0.3% |
| Price | ¥39,800 | ¥29,800 |
No Cannibalization: Timeframe, session, and MagicNumber are all different, so Sleipnir existing users can run Midnight Reversal in parallel with complete market separation.
Main Included Features
| Feature | Specification | Default |
|---|---|---|
| Supported Currencies | USDJPY + EURJPY(Individual MagicNumber) | — |
| Included Setfiles | 2 currencies × 3 variations = 6 files(Default/PropFirm/BTeval) | — |
| Platform | ||
| Trading Window | ||
| RSI Deep Reversal | ||
| 200MA Trend Filter | ||
| Fixed Grid Martingale | ||
| Shallow TP (Dynamic) | ||
| Time Stop | ||
| Basket Hard DD | ||
| Losing Streak Circuit Breaker | ||
| PropFirm Guardian | ||
| News Filter | ||
| Roll-over Block | ||
| Bar Confirmation Trades |
Entry Logic
Time: 20:00 <= broker_time < 08:00 (overnight)
M5: RSI(14) <= 28 (deep pullback) and
close > MA(200) and
MA(200) in an uptrend
Spread <= 3 pips
News ±45 minutes excluded
Roll-over Off
No 3 consecutive losses
→ BUY entry (SELL is a mirror)
The triple confirmation of “deep RSI oversold × 200MA trend following × nighttime window” structurally reduces noisy entries. USDJPY/EURJPY run the same logic with a separate MagicNumber.
DD-killer 6-Layer
| # | Layer | Role |
|---|---|---|
| 1 | Basket DD | Close all positions when basket drawdown hits -6% |
| 2 | Time Stop | Forced close after 4 hours |
| 3 | 5-Layer Martingale Cap | Limit levels to control lot accumulation |
| 4 | Capital Preservation | Close all positions if equity falls below 250% |
| 5 | Losing Streak CB | Stop new entries on the day after 3 consecutive losses |
| 6 | PropFirm Guardian | Daily 4.5% / Total 9.0% (ON with PropFirm setfile) |
Recommended Use
Standard Use (2 currencies simultaneously)
- Currency:USDJPY + EURJPY (2 charts in the same account)
- Timeframe:M5
- Recommended Margin:$1,000 or more(start from 0.01 lot per currency)
- Recommended Broker: Low-spread ECN / STP
- VPS: Recommended (24/7 operation — especially at night)
Single-Currency Operation
- Works fine with USDJPY only / EURJPY only
- If you want lower trading frequency, run EURJPY alone (monthly 3.6 trades)
- If you want maximum frequency, run USDJPY alone (monthly 5.8 trades)
PropFirm Challenge Settings
- setfile:
Midnight_Reversal_v1_USDJPY_PropFirm.setandMidnight_Reversal_v1_EURJPY_PropFirm.set - Guardian ON / Basket DD 4.5% / Martingale 4 levels
- Recommended Margin: $5,000-10,000
Recommended Environment
| Item | Recommended Value |
|---|---|
| Platform | MT4（Build 1471+） |
| Timeframe | M5 only |
| Account Type | Low-spread ECN / STP account (night spread around 3 pips or less) |
| Recommended Initial Capital | $1,000 or more (2-currency concurrent use suggested $2,000+) |
| VPS | Strongly recommended (for night operation) |
※ Please choose your broker yourself. This product page does not endorse any specific broker.
Inclusions
- Midnight_Reversal_v1.ex4 (compiled MT4 EA) - 6 setfiles: - USDJPY × 3 (Default / PropFirm / BTeval) - EURJPY × 3 (Default / PropFirm / BTeval) - 5-year backtest reports × 2 currencies (TDS 99.90% × M5) - Strategy Tester graphs (.gif) × 2 currencies - Setup manual (Japanese) - Free updates for v1.0 series (support via GoGoJungle forum)
Frequently Asked Questions
Q. Why focus on JPY Crosses?
A. The broker time 20:00-08:00 = JST 04:00-12:00 corresponds to Asia time when JPY crosses are most active. Other USD/EUR pairs are more active in European-American sessions, resulting in fewer opportunities in this window. 5-year BT across 8 currencies showed only JPY crosses maintained PF > 1.5.
Q. Why nighttime only?
A. After London close adjustments + Asia early morning low liquidity creates range markets, boosting deep RSI mean-reversion win rate and reducing sudden risk after economic releases.
Q. How does it differ from Sleipnir Infinity Reverse?
A.Sleipnir = all-timeframes M15 / USDJPY only whereas Midnight Reversal = night-only M5 / USDJPY + EURJPY (2 currencies). Different timeframes, time windows, and currencies allow complete separation even when run concurrently.
Q. Is it okay that USDJPY and EURJPY move together?
A. Yes. They have separate MagicNumbers, so positions, GlobalVariables, and drawdown counters are independent. Basket DD is calculated per currency, so if one hits DD, the other continues normally.
Q. What about the risk of martingale/grid EAs?
A. A common risk of grid/martingale EAs is drawdown during long, single-direction trends. This EA mitigates risk structurally with DD-killer 6 layers (time stop 4 hours / basket hard DD 6% / losing-streak circuit breakers, etc.), but it does not eliminate risk of losses.
Q. Can it be used for PropFirm?
A. Yes. PropFirm setfiles are included for both currencies (Guardian ON / Daily 4.5% / Total 9.0% / Martingale 4 levels). Nighttime operation aligns well with daily drawdown measurement times (NY 0:00 / London 0:00, etc.).
Q. Can it be used on MT5?
A. This product only includes MT4 version (.ex4). If you require MT5, we have a separate product available.
Q. What is the recommended margin?
A. Since martingale is limited to 5 steps with TotalLotLimit 0.5 lots per currency, you can operate from at least $1,000. For 2-currency simultaneous use, $2,000+ is recommended, and $5,000-10,000 for PropFirm challenges.
Disclaimer & Risk Disclosure
⚠️ Past performance (backtest results) does not guarantee future profits.
⚠️ FX/CFD trading involves principal loss risk. Please trade with funds you can afford to lose.
⚠️ Installation and operation of this tool are the sole responsibility of the user. The seller does not take responsibility for trading results.
⚠️ This EA is not investment advice or a buy/sell recommendation. Please make final investment decisions yourself.
⚠️ Before real-money trading, it is recommended to test on a demo account for 1–2 weeks.
Price: $187.06 (taxed)
￥29,800(taxed)
●Payment
Sales from : -
Price: $187.06 (taxed)
￥29,800(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