An Automated Expert Advisor (EA)
For the MetaTrader4 Trading Platform

This is a trend-following robot that runs on the GBP/JPY 1-Hour candlestick chart. It enters trades on pullbacks (counter-trend moves) in the direction of the longer-term trend. This version of the robot uses negative progression money management and the model shown below is using a 2 unit maximum. This means it will increase the lot size after a loss. If it loses 2 trades in a row, it drops back to 1 unit (Minimum Lot) on the next trade. This works well for this robot since it does not have 2 consecutive losses very often. And when it does, it drops back to 1 unit after just 2 losses so the losing streak doesn't snowball on progressively larger losses like a typical Martingale strategy would. You may use larger Maximum units for a smoother equity curve but the draw-downs also become larger so it must be traded at lower leverage (meaning lower profit potential too).

While the max draw-down is only $91 in the test period shown, it's possible to have larger draw-downs in the future so I recommend at least $300 margin per 0.01 unit size to allow for some breathing room. With that setting, the average return is 17.9% per month since December 2014 and you may compound profits monthly or at each new profit high.

The file name for this robot is: GBPJPY_1-Hr_TF_Pullback_Entries_Negative_Prog (see the recommended settings below).

MONEY MANAGEMENT SETTINGS for "PULLBACK ENTRIES" ROBOT:
To copy this model with as little as $300 margin, use the following as a guide for your money management settings...

Minimum Lot: 0.01  (Minimum US$300 margin per 0.01 lot)
Unit Size: 0.01 (Set EQUAL to your Minimum Lot setting above. Minimum US$300 margin per 0.01 lot)
Maximum Lot: 0.02  (Set to 2x your Unit Size setting above for a 2 unit maximum lot)
Stop Loss: 225 (pips)
Take Profit: 250 (pips) (275 pips also tests well but accuracy rate drops)

NOTE: The settings above are the MAXIMUM recommended aggressiveness designed to keep typical draw-downs below 33% based on the historical performance shown above but it's always possible to have larger draw-downs in the future. Therefore, I recommend decreasing your leverage once you have reached a comfortable monthly return and use this model as a guide to calculate the leverage for your own risk tolerance.

Trading Hours:
This EA trades 24 hours/day and does not use a trading window. Keep the StartHour and EndHour settings at 0 to remain disabled.

Trailing Stops:
This robot does not use Trailing Stops. Keep the Trailing Stops settings at 0 to remain disabled.

A 5 unit cycle target seems to be the sweet spot for this robot, which makes sense because most trends on GBP/JPY range between 800 to 1200 pips before a large reversal occurs. The recommended leverage for this robot is 0.01 minimum lot and unit per $500 allocated margin, which would average about 47% per cycle. However, on a small account, you may consider doubling the leverage ratio for an average return of 95% return per cycle, which would be 0.01 minimum lot and unit size per $250 allocated margin but do not trade at this level of aggressiveness long term.

The file name for this robot is: GBPJPY_1-Hour_TF_Cumulative_Wins (see the recommended settings below the illustrations).

MONEY MANAGEMENT SETTINGS:
To copy this model on accounts as little as $500, use the following as a guide for your money management settings staying within the maximum recommended leverage noted in the parenthesis. This is a non flat-lining setting where your minimum_lot and units are equal in size.

Minimum Lot: 0.01  (Set to maximum 0.01 lot per $500 allocated margin or per $250 for short-term aggressive trading)
Unit Size: 0.01 (Set to the SAME size as your minimum lot setting)
Maximum Lot: 0.05  (Set to 5 times your unit size setting for a 5 unit cycle target)
Stoploss: 250 (pips)
Takeprofit: 225 (pips)

NOTE: The settings above are the MAXIMUM recommended aggressiveness designed to keep typical cycle draw-downs below 50% based on the historical performance shown above but it's always possible to have larger draw-downs in the future. Therefore, I recommend decreasing your leverage once you have reached a comfortable monthly return and use this model as a guide to calculate the leverage for your own risk tolerance. For example, if your risk tolerance is only a 25% cycle draw-down, then the settings above would be appropriate for a $500 account balance and the average cycle would return about 24% profit.

Trading Hours:
This robot does not use the trading hours feature. Keep the Trading Hours settings at 0 to remain disabled.

Trailing Stops:
This robot does not use Trailing Stops. Keep the Trailing Stops settings at 0 to remain disabled.

Risk Disclosure: This website does not guarantee income at any time, nor success of the product beyond the specific 60-day performance guarantees for each product. There are many factors that can effect each person's individual results. Examples shown in this presentation do not represent an indication of future success or earnings but merely hypothetical historical performance based on specific trading models. Past performance is not indicative of future results. The company declares the information shared is true and accurate.

U.S. Government Required Disclosure - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN