【MT5 EA】LongSword V2 GBPCAD M1
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Forward testing (Profit)
Monthly Statistics
- Jan
- Feb
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Calendar for Months
About EA's Strategy
Translating...
【MT5 Exclusive】 『LongSword V2GBPCADM1』
1-minute chart・Buy-only EA
No cumbersome optimization or initial setup required at all!!
『LongSword V2 GBPCADM1』 is a GBPCAD 1-minute buy-only specialized EA that numerically quantifies the market's "depth of bottom" with its own logic and targets the initial rebound.
By designing it as a Buy-Only system, it becomes easier to benefit from swap interests while holding a position, enabling efficient operation to aim for both "currency gains" and "positive swaps" as double profits.
This EA enters with carefully selected initial signals and, using its own "pursuit logic," cautious averaging down at the bottom to achieve overwhelming stability.
* Swap points vary depending on the FX broker you use.
We recommend operating with a positive swap broker.
●【Buy-Only】 Selected initial entry × Unique scoring追撃logic
Scores the market's limit points accurately from price movement and enters the first position at the point with the highest rebound expectation.
If the price moves against you, an internal追撃 logic activates. It builds追撃 at the timing when the market is sufficiently attracted, improving the acquisition cost.
● Outrageously low drawdown design
Even when the market moves strongly against you, it is an extremely defense-oriented system that minimizes the risk of a single catastrophic failure.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ■ Recommended operating funds and lot size ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ As a sound operating standard to endure crashes and sudden changes, we strongly recommend the following money management.
Even in the worst case of up to 10 open positions, we strongly recommend prudent money management to prevent insolvency.
・Recommended environment: with funds of 1,000,000 JPY, 0.1 lot
※Please strictly adhere to lot size adjustments according to your funds.
※Basic parameters are optimized for GBPCAD on the 1-minute chart.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ ■ About parameter settings ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The core logic and indicator settings of the EA are embedded and confidential (cannot be changed) within the program. To help users manage easily, the settings are limited to the basic items below. * Lot size: initial value recommended is 【0.1】
* Allowed slippage: sets allowable slippage at order time
* Allowable spread: restricts entry when spreads widen
* Magic number: set a unique value that does not overlap with other EAs
* Maximum positions: manages the maximum number of averaging-down iterations (default 10)
* Take profit (Pips): sets take-profit width (default 10)
* Stop loss width (Pips): internal logic stop loss (0 for automatic SL)
* We cannot answer questions about detailed specifications of the internal logic or requests for individual adjustments, so please understand in advance.
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■ How to set up the EA (3 easy steps) ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ 【Pre-setup: file installation】 1. Launch MT5 and in the top-left menu, click [File] > [Open Data Folder]. 2. Open folders in order: [MQL5] > [Experts]. 3. Save the downloaded EA file (.ex5) into that [Experts] folder and restart MT5 once. 【Set on chart】 1. Open one GBPCAD 1-minute (M1) chart. 2. From the Navigator, set the EA “LongSword V2 GBPCAD M1” to the chart you opened. 3. Adjust items such as lot size to match your operating environment and switch MT5’s Algorithmic Trading button to ON.
⚠️ About the operating environment
This EA is for MT5 (MetaTrader 5) only. It does not work at all on MT4 (MetaTrader 4). ⚠️ Important explanation and disclaimer for your investment This EA does not guarantee profits. While the logic is optimized based on historical market data (backtesting), it does not guarantee future profits or certain outcomes. FX trading involves price fluctuation risks, and losses may occur depending on market conditions. Investment decisions should be made at your own risk. Please set actual trading lots and managed funds cautiously according to your own financial capacity and judgment. The developer and seller shall not be responsible for any direct or indirect losses (including principal loss) arising from using this EA.
The coupon will expire in 3 days.
Price: $162.68 (taxed)
￥25,000(taxed)
●Payment
Sales from : -
Price: $162.68 (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