FX Japan Express EA MT4: Free Evening/Night Scalping

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. Let’s delve deeper into what this expert advisor brings to the table.

 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

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:

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

 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.