What makes this EA special is its ability to maintain stable profit and long-term performance.
We’ve decided to review this EA upon receiving numerous requests from my readers, which didn’t my surprise, as this EA became a recent hot product.
About Ippongachi’s characteristics
Among its special features, there are trailing stop that locks on a bullish trend, or the ability to stop trades during important index announcements. Other features include holding only 1 position at time, or position closing in the early morning.
Quoting developer’s words:
“The special feature of Ippongachi is close market observation and its ability to lock on a strong bullish trend in its momentum. With a strong trend going on and the trailing stop set, the EA’s possibilities of making profit are almost limitless. On contrary, if the trend gets weaker, the EA will quickly recognize it and react appropriately before closing a position. Ippongachi’s top priority is to ensure stable profit, especially through loss minimization.”
Based on the explanation above, we can see that this EA has been designed with risk management in mind.
Summary of Ippongachi’s technical details
Item/Content
Trading style: Day trade, Scalping
Time frame: M15
Currency pair: USD/JPY
Take Profit: Not specified
Stop Loss: Max 80 pips (automatic position close)
Recommended lot: Not specified
Ippongachi’s Forward Test result
Below is a Forward Test result from January 2016 to August 2018. The initial amount deposited was 1 million yen and the profit yielded was 2.23 million yen (equal to 223% in Rate of return).
Additionally, the test’s maximum drawdown was (16%), which shows that risk management had been carried out efficiently.
2017 and 2018 Monthly breakdown of pips
As seen in this monthly breakdown for 2017 and 2018, EA Ippongachi had traded with positive number of pips most of the time. It’s also worth to notice that all these trades are characterized by no or little loss, which is another proof for the EA’s stable profiting. The pips result can be summarized as follows:
- Rate of return: 228%
- Success rate: 77%
- Number of transactions: 650 times
About the EA’s operation
Setting time for position close
The developer recommends that you set the position close time from Friday evening to Monday evening, because this when important index announcements tend to occur, together with possible drawdowns. The EA is also designed not to carry positions over the next week.
Risk management
The stop is set at 80 pips by default. When operating Ippongachi for the first time, it’s recommended to set stop to about 3%-5% of total funds.
Because it’s likely to have minus profit at the beginning, it’s recommended not to trade with big lots. Even if you do, 5% of the total funds should be the maximum. The recommended margin is 100000 yen per 1 million yen deposited.
Compound interest mode
The Compound interest mode is a function that adjust the amount of lots automatically, based on increase or decrease in account’s funds. This function is especially useful when managing large funds, or when optimizing profit. For more information, please refer to the developer’s original post.
Check out our blog below to continue reading:
https://gogojungleofficial.wordpress...he-k-o-winner/
To ensure the authenticity and credibility of our EAs, you can check their performances from a real account on:
Ippongachi Myfxbook
For more details about Ippongachi (such as parameters setting), please refer to the link below:
Ippongachi Product Detail
