FX Japan Express EA MT4: Free Evening/Night Scalping

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FX Japan Express EA

The world of Forex trading is brimming with opportunities, and with the rise of automated trading systems, traders can now harness the power of algorithms to gain an edge in the market. One such promising product is the FX Japan Express EA. Letโ€™s delve deeper into what this expert advisor brings to the table.

ย Overview: What is FX Japan Express EA?

The FX Japan Express EA is a specialized trading bot designed exclusively for the MT4 terminal. Its primary strategy revolves around scalping during the evening and night trading sessions. Scalping, for those unfamiliar, is a strategy that involves making many trades over short periods to capture small price movements.

Version: V1.0

Terminal: MT4
Year of issue: 2023
Working pairs: USD-JPY
Recommended timeframe: M5

Best Brokers List

FX Japan Express EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
FX Japan Express EA MT4: Free Evening/Night Scalping 2
Register2007
๐Ÿ‡ฆ๐Ÿ‡บ Australia
๐Ÿ‡จ๐Ÿ‡พ Cyprus
๐Ÿ‡ง๐Ÿ‡ธ The Bahamas
๐Ÿ‡ธ๐Ÿ‡ฟ Seychelles
1:1000$200ASIC, SCB, FSA
FX Japan Express EA MT4: Free Evening/Night Scalping 3Register2008
๐Ÿ‡จ๐Ÿ‡พ Cyprus
1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
FX Japan Express EA MT4: Free Evening/Night Scalping 4Register2009
๐Ÿ‡ง๐Ÿ‡ฟ Belize
1:2000$10FSC
FX Japan Express EA MT4: Free Evening/Night Scalping 5Register2009
๐Ÿ‡ง๐Ÿ‡ฟ Belize
1:3000$1IFCS
FX Japan Express EA MT4: Free Evening/Night Scalping 6Register2009
๐Ÿ‡จ๐Ÿ‡พ Cyprus
๐Ÿ‡ฆ๐Ÿ‡บ Australia
๐Ÿ‡ง๐Ÿ‡ฟ Belize
๐Ÿ‡ฆ๐Ÿ‡ช Emirates
1:1000$5 ASIC, CySEC , IFSC
FX Japan Express EA MT4: Free Evening/Night Scalping 7Register2010
๐Ÿ‡ฆ๐Ÿ‡บ Australia
1:500$200FCA , ASIC, DFSA
FX Japan Express EA MT4: Free Evening/Night Scalping 8Register2011
๐Ÿ‡ฌ๐Ÿ‡ง England
1:500$25CySEC
FX Japan Express EA MT4: Free Evening/Night Scalping 9Register2006
๐Ÿ‡ช๐Ÿ‡ญ Ireland
1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

FX Japan Express EA Settings:

FX Japan Express EA MT4: Free Evening/Night Scalping 10

Key Features

  • Terminal Compatibility: Exclusively built for the MT4 platform, known for its user-friendly interface and comprehensive tools.
  • Timeframe: Operates on the m5 timeframe, which translates to 5-minute chart intervals.
  • Strategy: The EA capitalizes on price retractions towards the mean during the quieter evening and night trading sessions. This approach is particularly useful because the evening sessions often see decreased volatility, making the market more predictable.
  • Risk Management: The EA is equipped with both take profit and stop loss mechanisms. This ensures that potential losses are minimized and profits are locked in when targets are reached.

Performance Metrics

Given the importance of data in trading, it's worth noting the performance metrics of the FX Japan Express EA:

  • Initial Deposit: The EA began with an initial deposit of $1000.00.
  • Net Profit: After trading, the EA generated a net profit of $1946.28.
  • Total Profit and Loss: While the EA garnered a total profit of $5096.22, it also faced a loss of $3149.94.
  • Profitability Ratio: The profitability ratio stands at 1.62, which indicates a healthy margin between profits and losses.
  • Expectation of Winning: This EA boasts a commendable expectation of winning, standing at 2.87.
  • Drawdowns: Absolute drawdown was at $25.54, with the maximum being $298.80 (10.21%). Relative drawdown is also marked at 10.21%.
  • Trading Record: Out of a total of 677 transactions, short positions had a 75.78% winning rate, while long positions saw a 72.69% success rate.

FX Japan Express EA Backtest

FX Japan Express EA Settings

ย Conclusion

The FX Japan Express EA stands out as a robust trading tool for those looking to explore scalping during the evening/night sessions. With a judicious combination of strategy and risk management tools, it holds the potential to be a significant asset in a trader's toolkit. As with all trading tools, however, it's essential to approach with caution, conduct thorough back-testing, and always be informed about market conditions.

Download FX Japan Express EA

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.

65.03 KB

 

Disclaimer: All trading involves risks. It's essential to do your own research and consider seeking advice from a licensed financial advisor before making any trading decisions.

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.