$10 to $20806.27 in 5 days

GBPJPY pair is effected by 3 major economies UK , US and Japan news events move this pair madly

After I started trading with GBPJPY last week result of two accounts have no loss by run EA in 24x5 days in vps

Account 1 deposit $91
$90.30 equity now
Starting lot $0.01

Account 2 deposit $13
profit $24
equity $40 now
Starting lot $0.02

If EA disable SL 30 pips to 0 at the time of ranging market then activate it automatically when volume start is the best logic to run this EA 24x5 days in vps to avoid manual intervention

But last two weeks I am running EA in GBPJPY not making loss much than GBPUSD so let me continue check it final result will post here

In ranging market

SL 0
TP 60

In trending market

SL 30
TP 200

In this case we need some kind of filter to determine ranging market.

Ranging market in GBPUSD is after London close to Japan Close time

NY is included partially so session based modification won't works

GBPJPY is not required it works all sessions my test is going on this pair

USDCHF works only with ranging input cause it's ranging pair but I didn't test it

At the time EUR news and USD news GBPJPY is moving more than EUR and USD pairs

Check recent news and charts now, there was Eur and usd news not gbp or jpy but GBPJPY moved mostly

24x5 forward live test result in sideways market
Starting Lot size = $0.02 per pip in $20 equity

GBPUSD two months loss $200
GBPJPY 1 month loss $15

Always I keep around $20 equity, I redeposited many times $10 when I loss below $20 I limited $20 equity in account always

If I will try GBPUSD 1 year I will have to deposit $100 every month ( $1200 year ) but GBPJPY require only below $20 in a month according to recent test

But don't know when or which months that $1 million profit in 3 months will happen, it's gambling but maybe it will happen like this back test ..

https://www.myfxbook.com/strategies/...3-month/231698

Again I started manual entry trading with this EA due to market is dead in worldwide lockdown event to test 24x5 strategy

Manual entry after technical and fundamental analysis I made 300% in a month before statement in TE

24x5 also running in VPS

I will close all at R1 or S1

Today R1 target reached $5 profit
But I am waiting for R2 few times only

Hello Never, Very nice manual trading,can you send me the settings or set file to apply manual as well,I have some free time to be up at London open. Is this a pivot point indicator used on your chart zzz with R1-R3 and S1-S3 and PP? Thanks as always for your support.

It is not indicators I just draw trend lines in day chart like Andrews pitchfork

I closed all trades in R1 because time out
Profit $5
Deposited $60
Starting lot size $0.02

R1 & S1 = safe
R2 & S2 = risky
R3 & S3 = dangerous

I follow this rule in a day

Today GBPJPY day chart

Blue lines are first target

136.50 Up
135.00 Down

GBPJPY time start from Asian session Japan to London close GBPUSD is what move at after London open

Daily 10% profit get from perfect manual entry that lot size must have $0.01 with $10 deposit for another example is $60 with $0.02 lot size means 3% daily

Manual entry require analytical skills in technically and fundamentally also need knowledge to use Indicators to know when trend market will start

No matter up or down

Deposit $10 trade with $0.01 per pip lot size will reach $40 profit if 300 pips movement in GBPJPY and nearly wipeout if 100 pips down after reach at 300 pips because there is many open orders that can't protect by hedge or SL

It happened many times in my 24x5 trading test

Last 40 days trading wipeout amount was only $30 loss in GBPJPY if I did use GBPUSD that must be $100+

Conclusion is close all open trades when reach 300 pips ie $40 equity with $10 deposit starting lot size $0.01 or allow wipeout then re deposit again to continue run EA to make bigger profit

We have to spend less than $50 every month for it I am not sure that bigger profit will happen

It happen if market move 400+ pips and will reach $1 million if number of times 400 pips moved within 3 months without retrace certain pips ranges

After reach 400 pips equity will be approximately $160 from $10 investment ( $0.01 starting lot ) if it happen it won't wipeout in 200 pips retrace i think so if I remember but $160 profit will be down to below $80 many open trades will hit in SL 30 pips when 200 pips retrace

Then it will stay there in ranging market condition few days we have to wait second wave of 400 pips will make $1500+ if equity is $100 in that time

Same will happen again with $1500+ if retrace 200 pips equity down to $750 when third wave happen after few days $750 will be $15000+ then next time it will be $1 million

This is how $1 million got in that back test market moved 400+ pips 4 times within 3 months

Wipeout is relative

There is different chance to wipeout account

$10 deposit and only 1 trade opened with $0.01 lot size wipeout will happen in 100 pips retrace

$10 deposit
Open trade 1
Wipeout in 100 pips

$10 deposit
Open trade 2
Wipeout in 60 pips

$10 deposit
Open trade 3
Wipeout in 50 pips

This is the example so what will happen with $100 deposit and market move 400+ pips number of times ? That's what I explained above result is $1 million

Hello Never,

I've always traded GBPUSD & GBPJPY ,so amazing together,I'm happy to know you found even more success in GJ,can you send me correct inputs for trading this manually using the EA,I just need to know my settings are same as yours. Thank you again.

I changed this both from default to 10 in GJ

Max_Slippage_Pips = 4; // slippage
Min_Pips_from_Price = 5; // starting gap

To

Max_Slippage_Pips = 10; // slippage
Min_Pips_from_Price = 10; // starting gap

Because GJ slippage and spread is higher than other pairs so extra gap needed to open pending orders otherwise it open only 2 pending orders