Gewinn8(EURUSD)
- Whole period
- 2 years
- 1 year
- 6 months
- 3 months
- 1 month
Profit
:
-137,320JPYProfit Factor
:
0.77Rate of return risk
?
:
-0.78Average Profit
:
1,484JPYAverage Loss
:
-3,387JPYBalance
?
:
862,680JPYRate of return (all periods) ?
:
-26.87%Win Rate
:
63.84%
(316/495)
Maximum Position
?
:
8Maximum Drawdown
?
:
32.44%
(176,425JPY)
Maximum Profit
:
13,377JPYMaximum Loss
:
-9,241JPYRecommended Margin
?
:
511,123JPYUnrealized P/L
:
0JPYDeposit
?
:
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
H1
Maximum Stop Loss
200
Take Profit
400
Straddle Trading
Yes
Application Type
Metatrader Auto Trading
Other File Usages
No
Gewinn8 Forward Test OANDA Pro Account
Limited number of units are available now.
0 - 20 pieces: 12,800 yen
21-40 pieces: 15,800 yen
41-60 pieces: 18,800 yen
61-100 pieces 21,800 yen
100-150 pcs. 24,800 yen
151 - 200 lashes 28,800 yen
201 - 36,800 yen
A demo version is available for back testing only. Please check the operation here before purchasing.
Gewinn8 backtest-only demo
The latest version is V1.01.
In addition, this EA uses 5-minute, 1-hour, and daily data.
If you run the EA after displaying the oldest data that can be displayed on the hourly chart of each EURUSD before running the EA, the EA will not wait for the data to be acquired and will run smoothly.
There is no problem to close the daily and hourly charts once acquired.
The settings of Gewinn8 are as follows.
Magic Number
Specify the magic number for the position. When the EA is restarted, Gewinn8 will search for positions by referring to this magic number. If there is a matching position, Gewinn8 will continue to process profit taking.
Chart time GMT correction value
Chart Time Daylight Saving Time Correction
Specify the charting time of your MT4 vendor. The Chart Time GMT Correction value specifies the correction value for winter time. For example, +2 for OANDA.
Chart Time Daylight Saving Time Correction is used when the chart is changed according to Daylight Saving Time.
Spread Filter
If the spread is more than the specified number of pips, the position will not be taken.
Trading Lots
The number of lots per position. Ignored when compounding.
Allowable Slip Page
This is the slip page to be shared when placing an order.
Maximum Number of Positions
The maximum number of positions that can be held by the EA. The maximum number of positions when both sides are open. One side is 1/2 of the value.
If 16 is specified, up to 8 buy positions and 8 sell positions may be held at the same time.
Comment
This is a comment for the position. You can freely input comments.
True if Gewinn8 mode (trading by fractal trend) is enabled.
True if you want to trade according to the daily trend based on fractals.
If "false" is selected, the movement will be the same as in Gewinn7 V1.12.
Compound interest operation.
When compounding, the risk threshold is set to %.
Specify whether compounding is performed or not and the allowable risk per position when compounding. 1% specifies that 1% of the balance will be lost if the maximum loss of 200 pips occurs.
Allow new positions.
True to allow new positions in the EA; False to allow only trailing or take-profit processing for positions already held.
Determination of the maximum number of positions
The maximum number of positions is determined by a multiple of 2. The relationship between the maximum number of positions and expected profit/loss is as follows.
Gewinn8 V1.01 Number of Positions and Profit Chart for Simple Interest Alpari 2007-2015 Gewinn8 Mode 0.02 lots without compounding (in US dollars)
When operating with simple interest, determine the number of lots in consideration of the expected drawdown.
Decide whether to use compound interest.
Decide whether to use compound interest management.
When compounding, adjust the number of lots while keeping an eye on the % risk threshold. This means that if a loss of 200 pips per lot occurs, the number of lots will be set to lose the risk threshold % of the margin balance.
In this case, the theoretical maximum loss that can occur is the number of positions x margin balance x risk threshold %. However, since the number of positions is the maximum for both sides of the trade, the actual loss will be the number of positions / 2 x the margin balance x the risk threshold %.
Gewinn8 V1.01 Profit Chart for Compound Interest Operation Alpari 2007-2015 Gewinn8 Mode Maximum Position 16 (in US dollars)
Gewinn8 V1.01 Alpari 2007-2015 Gewinn8 mode Maximum position 16 Compound interest 4% (in US dollars)
This is the backtest result from 1999, which can be obtained from Alpari.
Although we did not consider data prior to 2007 in determining the parameters, the results prior to 2007 did not show any significant fluctuations and maintained a steady upward trend. We believe that the results are stable over the long term.
The Alpari data includes some strange data prior to 2007 and in 2016, so there are inconsistent chart errors. Please see these as reference values.
■Gewinn8 V2.00 Alpari 1999- Gewinn8 mode Max positions 16 Uncompounded 0.02 lots (in dollars)
The latest version is V1.01.
Known Problems
Position opening time is not as expected. It is designed to open at the beginning of the 1 hour time frame, but for some reason it opens 5 minutes later. We plan to address this issue in the version update, but if you are concerned about the difference from the forwards published on the blog, please change the inserted chart to H1. Please change the inserted chart to H1 if you are concerned about the difference between the forward and the one shown in the blog. This is because the parameters acquired from the server are not correct. We do not plan to fix this. Firms that we have confirmed to not work Global Trade Finance Group Inc. The simple interest operation mode does not work. The default setting of Gewinn8's simple interest operation mode, LOT 0.02, is too small for some firms, resulting in an order error. Please specify 0.1 for firms that require a minimum of 0.1.Update History
06/02/2016 v1.01 Fixed minimum loss value considering swapGewinn8 Features
Gewinn8 trades using three main technical indicators Short-term trend measurement The short-term moving direction is determined using an indicator based on the average leg, weighted by the Tick value, and momentum over a certain period of time. The short-term trend is set against the medium-term trend. *Because of the use of Tick values, some trades may differ due to differences in the number of tick updates by the vendor. Mid-term trend measurement Using price fluctuation with the rate of change dispersion band, the medium-term trend is measured and forward trending in the direction of the trend is set. It also restrains trading while observing abnormal rate of change. In addition, the 1σ range of the rate-of-change dispersion band is used in the trailing process. Long-term trend measurement The long-term trend is determined from the fractal regression line against the daily price. Trades are made based on the statistical methods of rate-of-change variance and fractal regression lines for price and chart shape (these two are also sold as indicators). (These two are also available as indicators.) Our approach to the open is that it is impossible to accurately predict the position of the open from the chart. We think that this is a good place to start. We have a time-based risk diversification approach where we build a position every two hours. For the close process, if the position happens to generate a large profit, we will try to extend the profit by letting the trailing position do the work. If the position generates only small profits for a certain period of time, or if we detect that the short-term trend has gone too far, we will withdraw from the position. The same logic was added in Gewinn7 V2.00. Therefore, Gewinn7 and Gewinn8 differ only in parameters. Open a position on the 1-hour fixed leg of EURUSD. Trailing decision is made every 5 minutes, and after a certain amount of profit is made, the position close logic by trailing is shifted to the position close logic. Gewinn8 closes a stop loss according to the following logic. When a stop is reached (set at the time of position opening based on the past high and low prices). When 121 hours have passed since the position was opened If the two medium-term trend indicators (rate of change dispersion-based and average leg-based) and the short-term trend indicator (average leg-based) are reversed from the direction of the position. ・When the medium-term trend judgment (on a rate of change variance basis) and the short-term trend judgment (on an average leg basis) are inversely related to the position and 48 hours have passed since the position was held and the position has a loss of 60 Pisp or more.About positions
Positions are opened according to the basic trend, but closures are based on trailing, so positions may be temporarily open in both directions. OANDA Japan Standart accounts and other accounts that prohibit bilateral trading are not allowed to operate. The default setting is to hold 8 positions on one side and a maximum of 16 positions on both sides. However, it is unlikely that you will have 16 positions on both sides at the same time. The stop position is determined between 90 pips and 200 pips from the historical high and low positions. As for the spread, we recommend that the average spread for EURUSD be less than 2 pips.About the settings
First, please check FX-ON's setting page, which explains the basic procedure for running EAs on MT4. How to set up a system trade for the first time (How to set up MetaTrader4) Gewinn8 refers to about 1000 past histories. Please set "Maximum number of bars in history" and "Maximum number of bars in chart" in MT4 Menu→Tools→Options→Charts to a value greater than 1000. If it is too large, the operation will be slow, so we recommend 1000 for the purpose of running EA only.
In addition, this EA uses 5-minute, 1-hour, and daily data.
If you run the EA after displaying the oldest data that can be displayed on the hourly chart of each EURUSD before running the EA, the EA will not wait for the data to be acquired and will run smoothly.
There is no problem to close the daily and hourly charts once acquired.
The settings of Gewinn8 are as follows.
Magic Number
Specify the magic number for the position. When the EA is restarted, Gewinn8 will search for positions by referring to this magic number. If there is a matching position, Gewinn8 will continue to process profit taking.
Chart time GMT correction value
Chart Time Daylight Saving Time Correction
Specify the charting time of your MT4 vendor. The Chart Time GMT Correction value specifies the correction value for winter time. For example, +2 for OANDA.
Chart Time Daylight Saving Time Correction is used when the chart is changed according to Daylight Saving Time.
Spread Filter
If the spread is more than the specified number of pips, the position will not be taken.
Trading Lots
The number of lots per position. Ignored when compounding.
Allowable Slip Page
This is the slip page to be shared when placing an order.
Maximum Number of Positions
The maximum number of positions that can be held by the EA. The maximum number of positions when both sides are open. One side is 1/2 of the value.
If 16 is specified, up to 8 buy positions and 8 sell positions may be held at the same time.
Comment
This is a comment for the position. You can freely input comments.
True if Gewinn8 mode (trading by fractal trend) is enabled.
True if you want to trade according to the daily trend based on fractals.
If "false" is selected, the movement will be the same as in Gewinn7 V1.12.
Compound interest operation.
When compounding, the risk threshold is set to %.
Specify whether compounding is performed or not and the allowable risk per position when compounding. 1% specifies that 1% of the balance will be lost if the maximum loss of 200 pips occurs.
Allow new positions.
True to allow new positions in the EA; False to allow only trailing or take-profit processing for positions already held.
About Gewinn7 mode and Gewinn8 mode
By setting "True if Gewinn8 mode (trading with fractal trend) is enabled" to True/False, the operation can be switched between False: Gewinn7 V1.12 mode and True: Gewinn8 mode. Please use the one you prefer after checking the back test. Gewinn8 mode takes a very aggressive position when the price moves in the trend direction beyond ±1σ from the regression line of the daily fractal. Therefore, the default value of the maximum number of positions in Gewinn8 mode is set to 16 compared to Gewinn7 mode. ■Gewinn7 V1.12 mode and Gewinn8 mode Alpari 2007-2015 0.02 lots (in dollars) 16 positions, 0.02 lots without compounding| Gewinn8 Mode | Profit and Loss | Total Transactions | Profit Factor | Expected Gain | Drawdown $ |
| FALSE | 14381.04 | 3093 | 2.15 | 4.65 | 607.51 |
| True | 17465.44 | 4040 | 2.07 | 4.32 | 607.51 |
Determining the maximum number of positions, single interest lots and compounding
In Gewinn8, profit and loss vary depending on the number of positions and lots, and whether compounding is allowed or not.| Number of Positions | Profit and Loss | Total Number of Transactions | Profit Factor | Expected Gain | Drawdown $ |
| 22 | 19095.83 | 4313 | 2.12 | 4.43 | 668.40 |
| 20 | 18666.19 | 4241 | 2.11 | 4.40 | 648.27 |
| 18 | 18082.61 | 4151 | 2.09 | 4.36 | 625.31 |
| 16 | 17465.44 | 4040 | 2.07 | 4.32 | 607.51 |
| 14 | 16594.28 | 3902 | 2.04 | 4.25 | 607.51 |
| 12 | 15579.89 | 3710 | 2.02 | 4.20 | 600.84 |
| 10 | 13870.93 | 3462 | 1.96 | 4.01 | 585.60 |
| 08 | 11820.56 | 3121 | 1.89 | 3.79 | 495.67 |
| 06 | 9007.00 | 2643 | 1.77 | 3.41 | 425.05 |
When operating with simple interest, determine the number of lots in consideration of the expected drawdown.
| Risk Percentage | Gains/losses | Total Transactions | Profit Factor | Expected Gain | Drawdown $ |
| 4.0 | 409000970.97 | 4040 | 1.83 | 101237.86 | 29479900.00 |
| 3.5 | 340779181.82 | 4040 | 1.89 | 84351.28 | 29479900.00 |
| 3.0 | 262039887.14 | 4040 | 1.93 | 64861.36 | 29479900.00 |
| 2.5 | 137562743.75 | 4040 | 1.90 | 34050.18 | 15701400.00 |
| 2.0 | 26025059.25 | 4040 | 1.82 | 6441.85 | 4136673.12 |
| 1.5 | 4096661.03 | 4040 | 1.85 | 1014.03 | 487365.43 |
| 1.0 | 569936.87 | 4040 | 1.89 | 141.07 | 45662.77 |
Various reference back tests
Gewinn8 V1.01 Alpari 2007-2015 Gewinn8 mode Maximum position 16 Compound interest 1% (in dollars)| Currency Pair | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minute (M5) 2007.01.02 08:00 - 2015.12.31 00:00 (2007.01.01 - 2015.12.31) | ||||
| Initial Margin | 10000.00 | Spread | 15 | ||
| Net profit | 569936.87 | Total profit | 1213575.44 | Total loss | -643638.58 |
| Profit Factor | 1.89 | Expected Gain | 141.07 | ||
| Absolute Drawdown | 79.29 | Maximum drawdown | 45662.77 (7.57%) | Relative drawdown | 13.92% (6308.01) |
| Total number of trades | 4040 | Sell positions (% of winners) | 2035 (78.92%) | Buy positions (% of winners) | 2005 (83.39%) |
| Win rate (%) | 3278 (81.14%) | Losing rate (%) | 762 (18.86%) | ||
| Max. | Winning trades | 9489.12 | Losing Trades | -4711.15 | |
| Average | Winning Trades | 370.22 | Losing Trades | -844.67 | |
| Maximum | Winning streak (amount) | 72 (3301.19) | Losing streak (value) | 16 (-17408.42) | |
| Max. | Winning streak (trades) | 95602.30 (27) | Losing streak (trades) | -26526.25 (8) | |
| Average | Winning streak | 12 | Consecutive Losses | 3 | |
Gewinn8 V1.01 Alpari 2007-2015 Gewinn8 mode Maximum position 16 Compound interest 4% (in US dollars)
| Currency Pair | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 Minute (M5) 2007.01.02 08:00 - 2015.12.31 00:00 (2007.01.01 - 2015.12.31) | ||||
| Initial Margin | 10000.00 | Spread | 15 | ||
| Net profit | 409000970.97 | Total profit | 900887105.63 | Total loss | -491886134.66 |
| Profit Factor | 1.83 | Expected Gain | 101237.86 | ||
| Absolute Drawdown | 286.27 | Maximum drawdown | 29479900.00 (11.65%) | Relative Drawdown | 46.41% (1249183.94) |
| Total number of trades | 4040 | Sell positions (% of winners) | 2035 (78.92%) | Buy positions (% of winners) | 2005 (83.39%) |
| Win rate (%) | 3278 (81.14%) | Losing rate (%) | 762 (18.86%) | ||
| Max. | Winning Trades | 4008400.00 | Losing Trades | -2019800.00 | |
| Average | Winning Trades | 274828.28 | Losing Trades | -645519.86 | |
| Maximum | Winning streak (amount) | 72 (31706.76) | Losing streak (value) | 16 (-13642200.00) | |
| Max. | Winning streak (trades) | 44626600.00 (41) | Loss Streak (Trades) | -13642200.00 (16) | |
| Average | Winning streak | 12 | Consecutive Losses | 3 | |
This is the backtest result from 1999, which can be obtained from Alpari.
Although we did not consider data prior to 2007 in determining the parameters, the results prior to 2007 did not show any significant fluctuations and maintained a steady upward trend. We believe that the results are stable over the long term.
The Alpari data includes some strange data prior to 2007 and in 2016, so there are inconsistent chart errors. Please see these as reference values.
■Gewinn8 V2.00 Alpari 1999- Gewinn8 mode Max positions 16 Uncompounded 0.02 lots (in dollars)
| Currency Pair | EURUSD (Euro vs US Dollar) | ||||
| Period | 5 minutes (M5) 1999.01.04 18:40 - 2016.06.02 05:30 | ||||
| Initial Margin | 10000.00 | Spread | 15 | ||
| Net profit | 21122.23 | Total profit | 56345.70 | Total loss | -35223.47 |
| Profit Factor | 1.60 | Expected Gain | 2.75 | ||
| Absolute Drawdown | 315.48 | Maximum drawdown | 1490.73 (13.34%) | Relative drawdown | 13.34% (1490.73) |
| Total number of trades | 7690 | Sell positions (% of winners) | 3941 (77.32%) | Buy positions (% of winners) | 3749 (79.25%) |
| Win rate (%) | 6018 (78.26%) | Losing rate (%) | 1672 (21.74%) | ||
| Max. | Winning trades | 80.25 | Losing trades | -40.66 | |
| Average | Winning Trades | 9.36 | Losing Trades | -21.07 | |
| Max. | Winning streak (amount) | 72 (1059.99) | Losing streak (value) | 16 (-272.84) | |
| Max. | Winning streak (trades) | 1059.99 (72) | Losing streak (trades) | -301.41 (9) | |
| Average | Winning streak | 11 | Consecutive Losses | 3 | |
Sales from
:
06/02/2016 22:05
Purchased
:
37
times
Ref. Price: $118.19
Limited Special Offer: $99.33 (taxed)
OFF: $18.86 (16%)
￥15,800(taxed)
Provider/Distributor:
Sales site:
GogoJungle
●Payment
Forward Test
Back Test
Sales from : 06/02/2016 22:05
Purchased
:
37
times
Ref. Price: $118.19
Limited Special Offer: $99.33 (taxed)
OFF: $18.86 (16%)
￥15,800(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