Profit7(EURUSD)
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-292,606JPYProfit Factor
:
0.58Rate of return risk
?
:
-0.91Average Profit
:
1,043JPYAverage Loss
:
-2,616JPYBalance
?
:
707,394JPYRate of return (all periods) ?
:
-33.92%Win Rate
:
59.17%
(384/649)
Maximum Position
?
:
11Maximum Drawdown
?
:
37.38%
(322,450JPY)
Maximum Profit
:
6,252JPYMaximum Loss
:
-5,731JPYRecommended Margin
?
:
862,526JPYUnrealized P/L
:
-5,829JPYDeposit
?
:
1,000,000JPYCurrency
:
JPY- Account
Operable Brokers
Usable with MT4-adopting brokers.
※EA measurement is stopped
Forward testing (Profit)
Product Statistics
Product Comments
Monthly Statistics
2026
2025
2024
2023
2022
- Jan
- Feb
- Mar
- Apr
- May
- Jun
- Jul
- Aug
- Sep
- Oct
- Nov
- Dec
Calendar for Months
About EA's Strategy
Translating...
Currency Pairs
[EUR/USD]
Trading Style
[Swing Trading]
Maximum Number Position
22
Maximum Lot
0
Chart Time Frame
M5
Maximum Stop Loss
200
Take Profit
400
Straddle Trading
Yes
Application Type
Metatrader Auto Trading
Other File Usages
No
Start selling at 9800 yen to commemorate the full-scale launch. We are planning to raise prices sequentially. Please consider early if you are worried about.
A demo version for backtesting is available for Gewinn 8, our sibling EA. It works the same as Gewinn7 if you match the parameters, so please consider the purchase after checking the operation in the back test.
Gewinn8 backtest dedicated demo
The latest version is now V2.01.
The settings of Gewinn7 are as follows.
・ Magic number
Specifies the magic number for the position. Specify a value that does not overlap with other EAs. When EA restarts, it refers to this magic number and searches for a position. If there is a matching position, the profit confirmation process is continued.
・ Chart time GMT correction value
・ Chart time summer time correction
Specify the chart time of your MT4 vendor. Chart time GMT correction value specifies correction value in winter time. For example, OANDA is +2.
Chart time daylight savings correction is specified if the chart changes with daylight savings time.
· Spread filter
If the spread is farther than this specified pips, it has no position.
・ Buying lot
This is the number of lots per position. Ignore when using compound interest.
· Permissible slip page
It is a slip page shared when ordering.
・ Maximum number of positions
This is the maximum number of positions held by EA. It will be the largest at the time of two-story construction. One side is 1/2 value.
If you specify 22, you may hold up to buy position 11 and sell position 11 at the same time.
·comment
It is a comment on the position. It is possible to input freely.
-True to enable Gewinn 8 mode (trade by fractal trend)
Specify True if you want to trade according to the daily trend determined from the fractal.
When false is specified, the operation is the same as Gewinn7 V1.12.
・ We will operate compound interest.
・ Risk threshold value% at the time of compound interest management
Specify whether to use compound interest management, and the allowable risk per position at compound interest. If you specify 1%, you will lose 1% of your balance if you experience a maximum loss of 200 pips.
・ Allow new positions.
Specify True if you want to allow new positions in the EA. If you specify False, only the trailing process or profit taking process will be performed for the position already held.
· Determination of the maximum number of positions
The maximum number of positions is determined by a multiple of two. The relationship between the maximum number of positions and the expected profit / loss is as follows.
■ Gewinn 7 V 2.00 Number of Positions and Profit at Single Interest Operation Alpari 2007-2015 Gewinn 7 Mode Compound Interest None 0.02 Lot (in dollars)
■ Gewinn 7 V 2.00 Number of Positions and Profit at Single Interest Operation Alpari 2007-2015 Gewinn 8 Mode Compound Interest None 0.02 Lot (in Dollar)
When operating with single interest, determine the number of lots in consideration of the expected drawdown.
・ Determination of compound interest operation
Decide whether to use compound interest management.
When using compound interest, adjust the number of lots while looking at the risk reference value%. This is a lot that loses 200 pips per lot, and it is set as a lot that loses the risk threshold value% of the margin balance.
In this case, the maximum loss that can theoretically occur is the number of positions × margin balance × risk threshold value%. However, there is almost no chance of holding the largest position in operation. The maximum number of simultaneous positions held on backtesting from 2007 is 14.
■ Gewinn 7 V 2.00 profit table for compound interest operation Alpari 2007-2015 Gewinn 7 mode Maximum position 22 (in dollars)
■ Gewinn 7 V 2.00 profit table for compound interest operation Alpari 2007-2015 Gewinn 8 mode Maximum position 22 (in dollars)
■ Gewinn 7 V 2.00 Alpari 2007-Gewinn 8 mode Maximum position 22 Compound interest 1% (in dollars)
The backtest results from 1999 are available at Alpari.
Although the data before 2007 is not considered at all in determining the parameters, the results before 2007 are not largely broken, and the upward trend has been maintained. It is judged to be stable in the long run.
Alpari's data includes strange data before 2007 and the beginning of 2016, causing inconsistent chart errors. Please see as a reference value.
■ Gewinn 7 V 2.00 Alpari 1999- Gewinn 7 mode Maximum position 22 No compound interest 0.02 lots (in dollars)
■ Gewinn 7 V 2.00 Alpari 1999- Gewinn 8 mode Maximum position 22 Compound interest free 0.02 lot (in dollars)
The latest version is now V2.01.
Update history
2016/04/27 v1.9 Introduced the concept of fractal band to trend judgment, high price low rush judgment from fractal band 2016/05/02 v1.10 Parameter correction, correction not to trade when the US market is off 2016/05/11 v1.11 Addition of profit-taking judgment by fractal, addition of trend judgment 2016/05/20 v1.12 Remove unnecessary code, change maximum position holding time to 120, fix initial startup bug, double array bug countermeasure May 25, 2016 v2.00 Added daily trend logic using trend line (Gewinn 8 mode) 2016/06/02 v2.01 Minimum loss correction considering the swap I released Gewinn8, but upgraded Gewinn7 with the same logic. The latest versions of Gewinn 7 and Gewinn 8 only differ by default.Gewinn7 features
It is a trend-follow type swing EA that uses a change rate distribution band and a custom indicator that uses the average foot. We will open a position on EURUSD's one-hour fixed foot. It makes a trailing judgment every 5 minutes, and after gaining a certain amount, it shifts to position closing logic by trailing. Starting from V 2.00, we have added an algorithm to infer the trend from the regression line of the daily fractal and build the position.About position
The position is open according to the basic trend, but closing is based on trailing, so it may be temporarily detached. Operation is not possible with a double-denominated prohibited account such as the OANDA Japan Standard Account. By default, it holds 11 positions on one side and up to 22 positions on both sides. However, there is little chance of taking 22 positions simultaneously on both sides. Up to 14 positions in eight years of backtesting. The stop position is determined between 90 pips and 200 pips from the past high price and low price position. Moreover, although it is a spread, the average spread of EURUSD recommends the supplier below 2 pips.About settings
First, please check the setting page of FX-ON. Initial setting method of system trading (MetaTrader 4 setting method) Gewinn7 refers to about 1000 past history. Set the MT4 menu-> Tools-> Options-> "Max bars in history" and "Max bars in chart" to a value of 1000 or more. If it is too large, the operation will be heavy, so 1000 is recommended for the purpose of moving EA.
The settings of Gewinn7 are as follows.
・ Magic number
Specifies the magic number for the position. Specify a value that does not overlap with other EAs. When EA restarts, it refers to this magic number and searches for a position. If there is a matching position, the profit confirmation process is continued.
・ Chart time GMT correction value
・ Chart time summer time correction
Specify the chart time of your MT4 vendor. Chart time GMT correction value specifies correction value in winter time. For example, OANDA is +2.
Chart time daylight savings correction is specified if the chart changes with daylight savings time.
· Spread filter
If the spread is farther than this specified pips, it has no position.
・ Buying lot
This is the number of lots per position. Ignore when using compound interest.
· Permissible slip page
It is a slip page shared when ordering.
・ Maximum number of positions
This is the maximum number of positions held by EA. It will be the largest at the time of two-story construction. One side is 1/2 value.
If you specify 22, you may hold up to buy position 11 and sell position 11 at the same time.
·comment
It is a comment on the position. It is possible to input freely.
-True to enable Gewinn 8 mode (trade by fractal trend)
Specify True if you want to trade according to the daily trend determined from the fractal.
When false is specified, the operation is the same as Gewinn7 V1.12.
・ We will operate compound interest.
・ Risk threshold value% at the time of compound interest management
Specify whether to use compound interest management, and the allowable risk per position at compound interest. If you specify 1%, you will lose 1% of your balance if you experience a maximum loss of 200 pips.
・ Allow new positions.
Specify True if you want to allow new positions in the EA. If you specify False, only the trailing process or profit taking process will be performed for the position already held.
Gewinn7 mode and Gewinn8 mode
It is possible to switch the operation between False: Gewinn7 mode / True: Gewinn8 mode by switching “True when enabling Gewinn 8 mode (trade by fractal trend)” to True / False in the setting. Please use the preferred one after confirming the back test. The Gewinn 8 mode is a mode that takes a fairly positive position if there is a price movement in the trend direction at a stage beyond ± 1σ from the regression line of the daily foot fractal. Therefore, in Gewinn8, the default value for the maximum number of positions has been set to 16. As Gewinn 7 is the original 22, please check and change the back test. ■ Gewinn7 mode and Gewinn8 mode Alpari 2007-2015 0.02 lot (in dollars) 22 positions, 0.02 lot compound interest without| Gewinn8 mode | Pt | Total number of transactions | >Profit factor | Expected gain | Draw down $ |
| false | 14847.04 | 3198 | 2.16 | 4.64 | 678.64 |
| true | 18380.48 | 4324 | 2.07 | 4.25 | 678.64 |
Maximum number of positions, number of single interest lots and compound interest operation
In Gewinn7, the profit and loss changes depending on the number of positions, the number of lots, and whether or not compounding can be performed.| number of positions | profit or loss | total number of transactions | >Profit factor | Expected gain | Draw down $ |
| 22 | 14847.04 | 3198 | 2.16 | 4.64 | 678.64 |
| 20 | 14586.12 | 3172 | 2.14 | 4.60 | 658.49 |
| 18 | 14208.02 | 3140 | 2.12 | 4.52 | 635.53 |
| 16 | 13921.05 | 3093 | 2.10 | 4.50 | 613.09 |
| 14 | 13411.01 | 3025 | 2.08 < / td> | 4.43 | 613.09 |
| 12 | 12722.43 | 2920 | 2.05 | 4.36 | 606.27 |
| 10 | 11645.70 | 2768 | 2.00 | 4.21 | 590.85 |
| 08 | 9991.91 | 2544 | 1.92 | 3.93 | 498.69 |
| 06 | 776.64 | 2196 | 1.79 | 3.54 | 429.12 |
■ Gewinn 7 V 2.00 Number of Positions and Profit at Single Interest Operation Alpari 2007-2015 Gewinn 8 Mode Compound Interest None 0.02 Lot (in Dollar)
| number of positions | profit or loss | total number of transactions | >Profit factor | Expected gain | Draw down $ |
| 22 | 18380.48 | 4324 | 2.07 | 4.25 | 678.64 |
| 20 | 17958.05 | 4252 | 2.05 | 4.22 | 658.49 |
| 18 | 17390.80 | 4162 | 2.03 | 4.18 | 635.53 |
| 16 | 16787.80 | 4051 | 2.02 | 4.14 | 613.09 |
| 14 | 15937.35 | 3913 | 1.99 | 4.07 | 613.09 |
| 12 | 14947.32 | 3721 | 1.97 | 4.02 | 606.27 |
| 10 | 13317.45 | 3472 | 1.91 | 3.84 | 590.85 |
| 08 | 11312.36 | 3129 | 1.84 | 3.62 | 498.69 |
| 06 | 8686.11 | 2649 | 1.74 | 3.28 | 429.12 |
When operating with single interest, determine the number of lots in consideration of the expected drawdown.
| % risk | profit or loss | total number of transactions | >Profit factor | Expected gain | Draw down $ |
| 4.0 | 275837520.36 | 3198 | 2.26 | 86253.13 | 33931800.00 |
| 3.5 | 211575681.40 | 3198 | 2.18 | 66158.75 | 24896257.06 |
| 3.0 | 126304276.68 | 3198 | 2.20 | 39494.77 | 18298800.00 |
| 2.5 | 34387575.69 | 3198 | 2.03 | 10752.84 | 5987743.13 |
| 2.0 | 7810477.18 | 3198 | 2.07 | 2442.30 | |
| 1.5 | 1625779.92 | 3198 | 2. 11 | 508.37 | 178539. 48 |
| 1.0 | 300635.06 | 3198 | 2.12 | 94.01 | 24862.70 |
| % risk | profit or loss | total number of transactions | >Profit factor | Expected gain | Draw down $ |
| 4.0 | 439576790.53 | 4324 | 1.82 | 110659.76 | 33931800.00 |
| 3.5 | 373333916.24 | 4324 | 1.85 | 86339.94 | 33931800.00 |
| 3.0 | 291837635.33 | 4324 | 1.91 | 67492.52 | 33931800.00 |
| 2.5 | 168445660.30 | 4324 | 1.88 | 38955.98 | 21948000.00 |
| 2.0 | 34573568.18 | 4324 | 1.77 | 7995.74 | 7764930.49 |
| 1.5 | 5201957.48 | 4324 | 1.81 | 1203.04 | 871471.58 |
| 1.0 | 6800907.56 | 4324 | 1.86 | 157.47 | 76456.07 |
Various reference back tests
■ Gewinn 7 V 2.00 Alpari 2007-Gewinn 7 mode Maximum position 22 Compound interest 1% (in dollars)| currency pairs | EURUSD (Euro vs US Dollar) | >||||
| period | 5 minutes (M5) 2007.01.02 08:00-2015.12.31 00:00 (2007.01.01-2015.12. 31) | ||||
| test bar number | 666103 | model tick number | 29636340 | Modeling Quality | n / a |
| Inconsistent chart error | 0 | ||||
| initial margin | 10000.00 | spreads | 15 | ||
| net profit | 300635.06 | total profit | 567896.66 | total loss | - 26721.59 |
| profit factor | 2.12 | expected gain | 94.01 | ||
| absolute drawdown | 79.56 | max drawdown | 24862.7 0 (11.12%) | relative drawdown | 15.63% (22716.31) |
| total number of transactions | 3198 | sell position (win rate%) | 1663 (78.83% ) | Buy position (win rate%) | 1535 (80.26%) |
| Win rate (%) | 2543 (79.52%) | Negative rate (%)655 (20.48%) | |||
| max | win trade | 495.32 | lost trade | -2557.36 | |
| average | Trade> | 223.32 | trade loss | -408.03 | |
| maximum | consecutive wins (amount of money) | 71 (19383.59) | consecutive losses (amount of money) | 13 (−602.99) | |
| max | consecutive wins (number of trades) | 47296.92 (21) | consecutive losses (tore Number of dots) | -13283.00 (10) | |
| average | consecutive wins | 10 | consecutive losses | 2 | |
■ Gewinn 7 V 2.00 Alpari 2007-Gewinn 8 mode Maximum position 22 Compound interest 1% (in dollars)
| currency pairs | EURUSD (Euro vs US Dollar) | >||||
| period | 5 minutes (M5) 2007.01.02 08:00-2015.12.31 00:00 (2007.01.01-2015.12. 31) | ||||
| number of test bars | 666103 | model tick number | 29636340 | modeling quality | n / a |
| Inconsistent chart error | 0 | align = right> | |||
| initial margin | 10000.00 | spread | 15 | ||
| net profit | 680907.56 | total profit | 1472275.52 | total loss | -791367.96 |
| Profit factor | 1.86 | expected gain | 157.47 | ||
| absolute drawdown | 144.38 | max drawdown | td>76456.07 (10.51%) | relative drawdown15.69% (52518.71) | |
| total number of transactions | 4324 | selling position (wining percentage) %) | 2181 (79.28%) | Buy position (win rate%)2143 (79.47%) | |
| winning percentage (%) | 3432 (79.37%) | Negative rate (%) | 892 (20.63%) | ||
| max | win trade | 11164.02 | trade loss | -5661.57 | |
| average | 428.98 | trade loss | -887.18 | ||
| maximum | consecutive wins (amount of money) | 80 (3712.05) | consecutive loss (amount of money)15 (-17629.21) | ||
| maximum | consecutive wins (trade number) | 113229.66 (29) | consecutive losses (trade number) | -31655.63 (8) | |
| average | consecutive wins | 10 | consecutive losses | 3 | |
The backtest results from 1999 are available at Alpari.
Although the data before 2007 is not considered at all in determining the parameters, the results before 2007 are not largely broken, and the upward trend has been maintained. It is judged to be stable in the long run.
Alpari's data includes strange data before 2007 and the beginning of 2016, causing inconsistent chart errors. Please see as a reference value.
■ Gewinn 7 V 2.00 Alpari 1999- Gewinn 7 mode Maximum position 22 No compound interest 0.02 lots (in dollars)
| currency pairs | EURUSD (Euro vs US Dollar) | >||||
| period | 5 minutes (M5) 1999.01.04 18:40-2016.05.25 06:30 | ||||
| test bar number | 1283259 | model tick number | 44880430 | Modeling Quality | n / a |
| Inconsistent chart error | 19 | ||||
| initial margin | 10000.00 | spreads | 15 | ||
| net profit | 19874.93 | total profit | 47651.92 | total loss | - 27776.99 |
| Profit factor | 1.72 | expected gain | 3.23 | ||
| Pair drawdown | 247.07 | largest drawdown | 1035.65 (9.20%) | relative drawdown | 9.20% (1035.65) |
| Total number of transactions | 6149 | sold position (wining percentage) | 3173 (77.15%) | Buy position (win rate%) | 2976 (75.74%) |
| Win rate (%) | 4702 (76.47%) | Negative rate (%)1447 (23.53%) | |||
| max | win trade | 80.19 | loss trade | -41.38 | |
| average | win trade | 10.13 | lost trade | -19.20 | |
| Maximum | consecutive wins (amount of money) | consecutive losses (amount of money) | 13 (−271.98) | ||
| maximum | consecutive wins (trades number) | 826.69 (43) | consecutive losses (trades number) | -330.79 (11) | |
| average | consecutive wins | 9 | consecutive losses | 3 | |
■ Gewinn 7 V 2.00 Alpari 1999- Gewinn 8 mode Maximum position 22 Compound interest free 0.02 lot (in dollars)
| currency pairs | EURUSD (Euro vs US Dollar) | >||||
| period | 5 minutes (M5) 1999.01.04 18:40-2016.05.25 06:00 | ||||
| test bar number | 1283253 | model tick number | 44880154 | modeling quality | n / a |
| inconsistent chart error | 19 | ||||
| initial margin | 10000.00 | spreads | 15 | ||
| net profit | 22236.82 | total profit | 59637.58 | total loss | -37400.76 |
| Profitif Factor | 1.59 | expected gain | 2.72 | ||
| absolute drawdown | 568.36 | max drawdown | 1797.78 (16.01%) | relative drawdown | 16.01% (1797.78) |
| total number of transactions | 8183 | sell position (win rate%) | 4208 (77.54%) | Buy position (wining percentage) | 3975 (75.80%) |
| Win rate (%) | 6276 (76.70%) | Negative rate (%) td> | 1907 (23.30%) | ||
| max | win trade | 80.19 | lost trade | -41.38 | |
| Average | Win trade | 9 .50 | Trades | -19.61 | |
| max | consecutive wins (amount of money) | 80 (1198.72) | consecutive losses (amount of money) | 15 (−223.01) | |
| max | consecutive wins (trade Number) | 1198.72 (80) | consecutive losses (number of trades)-388.42 (13) | ||
| average | consecutive wins | 10 | consecutive losses | 3 | |
Sales from
:
03/22/2016 23:44
Purchased
:
3
times
Price: $228.06 (taxed)
￥36,800(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 03/22/2016 23:44
Purchased
:
3
times
Price: $228.06 (taxed)
￥36,800(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
About Forex Automated Trading
What is Forex Automated Trading (MT4 EA)?
Forex Automated Trading refers to trading that is automated through programming, incorporating predetermined trading and settlement rules. There are various methods to conduct automated trading, but at GogoJungle, we deal with Experts Advisors (hereinafter referred to as EA) that operate on a trading platform called MT4.
Trading Types of Forex Automated Trading
There are various types of EAs (Expert Advisors) for different trading types that can be used on MT4.
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)
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)
Risks, Advantages, and Disadvantages of Forex Automated Trading
When engaging in Forex, there are risks in automated trading just as there are in discretionary trading.
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.
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.
Equipment and Environment Needed for Automated Trading Operation
The requirements for operating automated trading (EA) on MT4 are as follows:
・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.
・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.
Installation of MT4 and Account Login
If you open an account with a forex broker that supports MT4, you can use MT4 as provided by that forex broker. MT4 is a stand-alone type of software that needs to be installed on your computer, so you download the program file from the website of the FX company where you opened the account and install it on your computer.
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.
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.
How to Install EA on MT4
To set up an EA when you purchase it through GogoJungle, follow the steps below:
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.
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.
In Case You Want to Change the Account in Use
EAs from GogoJungle can be used with one real account and one demo account per 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.
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.
Solutions for Errors During Web Authentication or Non-Functional Account Trading
If you encounter an error with Web authentication, or if the EA is trading on GogoJungle's forward performance page but not on your own account, there could be various reasons. For more details, please refer to the following link:
→ Items to Check When EA is Not Operating
→ Items to Check When EA is Not Operating
About the Size of Trading Lots
In Forex trading, the size of a lot is usually:
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.
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.
Glossary of Automated Trading
・Profit Factor: Total Profit ÷ Total Loss
・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)
・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)
Useful related pages
・How to Install MT4 EA (Expert Advisor) and Indicators
・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
・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