Jakiro, the Twin Head Dragon in Dota Game, is a ranged intelligence hero who utilizes the powers of ice and fire with powerful linear area spells.
Having the same characteristics as Jakiro, Jakiro EA is a duo-thread EA that can monitor the market to buy and sell the same pair of currency simultaneously. This provides Jakiro EA’s ability to profit no matter in an uptrend or downtrend market.
Trading Strategy
The main characteristic of this EA:
- Combination of 3 strategy – Martingale + Hedging + Compounding
- Martingale – The EA will open more orders with higher lot sizes to average the price and bring the profit target closer to the current price.
- Hedging – Duo-Thread to open buy orders and sell orders separately. Both threads will monitor the market every minute to look for opportunities to buy and sell.
- Compounding – It will auto-compound lot size based on the account balance. This feature is enabled by default and can only use for EURUSD pairs. If you use it for different pairs, you need to disable the auto compound.
- Short Term Trend Detection – Detect the short-term trend for the market and will only open new trade when the short-term trend is in favor.
- Risk selection – Option to select risk profile for the EA based on your own risk tolerance level. All backtest result for each risk profile is provided.
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Jakiro EA$50 – $600
Live Account Performance
We started this live account performance tracking on 27 Jun 2021 with a base of USD 4,000 and a selection of Medium Risk profiles. It is estimated to have a monthly profit of 4-5% at the early stage. However, the profit will grow over time with the compounding effect. All trades are myfxbook verified.
The following is the accumulated profit chart for the Live Account since inception.
The following is the monthly profit chart since inception.
Please note that past performance is not equivalent to future performance. Future performance depends on the market condition.
Backtest Performance
All backtest are tested with the following profile
- Period – Jan 2017 till May 2021 (53 months in total)
- Trade on EURUSD pair on M1 timeframe.
- Reliable Historical Data from Swiss Bank.
The summary of the result of each risk profile is as follows.
| Risk | Initial Deposit (USD) | Total Net Profit (USD) | Total Trade | Gain Percentage | Back Test Report |
|---|---|---|---|---|---|
| Low | 5,250 | 64,454.90 | 16,261 | 1,227% | Report |
| Medium | 4,000 | 112,925.85 | 16,344 | 2,823% | Report |
| High | 3,750 | 133,291.26 | 16,362 | 3,554% | Report |
The initial profit might not be that attractive but after some time, the profit will grow due to the compounding effect.
Unlike Limitless EA and Ophiuchus EA which are taking higher risks, Jakiro is taking a lesser risks approach, and hence, the profitability is lower as well. However, if we allow it to run for some time, the profitability will increase over time.
Broker’s Requirement
- Use broker with no commission charge
- Preferably with no swap fee.
- Leverage must be 1:500 or above
- Can run on Cents account or Micro Account if you want to start with smaller capital.
- Run this EA on EURUSD on the M1 timeframe.
- Minimum capital must follow the initial capital based on the risk profile in the above table. Eg, If the risk profile is medium, the minimum amount to start is USD 4,000. If the risk profile is high, the minimum deposit is USD 3,750
If you are new to forex or do not have a broker account, you can register with our recommended forex broker that fulfills the above requirements -> FBS Broker
Available Setting
- Starting Lots – The lot size for the first order. The lot size will increase in the subsequent order. If you enabled Auto Compound(default), this value is not used.
- Maximum # of trades – Maximum number of orders the EA allows to open on the Martingale series of order. You can lower this number to reduce the risk and the chance of MC. The lower number of this value will increase the chance that the order will not able to close as it is too far from the target profit.
- Max Spread Allow – Only will open order if the spread is within this value. Change it based on your broker’s spread.
- Enable Last Trade – If this is enabled(set to true), no new order will open after the orders series are closed. Handy when you want it to stop trading after the current orders are closed.
- Magic Number – Unique identifier for orders traded by this EA.
For the setting, if you would like it to be fully automatic ( including enabling compounding), use the default setting except for Max Spread Allow.
For Max Spread Allow, update it based on the spread you see on the EURUSD pair. Eg, if the spread is 15, you can put 20 for this broker’s spread.
If you plan to disable Auto Compounding, the starting lot will depend on your initial deposit. Starting Lots must change with this formula
Starting Lots= Capital / Lot Ratio for Risk Profile
| Risk Profile | Lot Ratio |
|---|---|
| Low | 525,000 |
| Medium | 400,000 |
| High | 375,000 |
For example, if you selected Medium as your risk profile, you need to start with a 0.01 lot with an initial capital of USD 4,000.
You can choose to use a higher number than the recommended Lot Ratio above like 600,000 or 700,000 for a safer configuration. However, a Safer configuration means lesser profit too, but you will have a lesser chance to have a margin call. You will need to balance risk and reward yourself.
Risk Management/Profit Management
This EA is using Martingale based strategy. All Martingale strategy always has a risk of Margin Call ( MC )
Jakiro EA is lower risk than Ophiuchus EA and Limitless EA. However, it doesn’t mean you definitely will not hit Margin Call. Always keep your mind open and believe that anything is possible in Forex Market.
For Jakiro EA, keeping profit in the account will only enable the compounding effect. Hence, our recommendation is to let the profit run for 1-2 years till the amount grows to a substantial amount, and then you can consider withdrawing the profit monthly. The only risk management for Jakiro EA is to control the amount you put in initially.
Follow the bellows to control your risk:
- Follow the capital/account requirements above.
- All the money in your account is at risk. So control the amount in the account to control the risk.
For more information about this EA, you can refer to the google slide here.
If you have any questions or feedback, you can contact us or chat with us.
If you are new to Algorithmic Trading or Forex Trading, you can join our Algorithmic Trading Apprentice Program, where you will provide a step-by-step guide from understanding how it works to running your own trading bot to generate passive income for you. You can refer to our Algorithmic Trading Apprentice Program for more information.
You can also directly purchase the EA through our shopping cart.
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Jakiro EA$50 – $600