Let us remember that 50% of building a system is thinking about the goals (from "The Psychology of Magicians")

Advice from the author who trained many traders (Van K. Sarp).

“Remember that 50% of system building is thinking about the goals.”

Yesterday I realized that my own goals were vague.

And… I remembered.

When I had just learned FX,“To turn 100,000 yen into 100 million with compounding”was my goal!

Whether it is realistic or not, I don’t know. It might be a dream.

Whether FX companies will allow withdrawals is also unclear (laugh).

The single-position EA “Seven-Color USDJPY” started selling in October 2021.

I tested this EA again with backtesting.

With compounding.

◇ Period: October 1, 2021 – to the most recent

◇ Spread: 1.5 pips

◇ Concept of compounding: It is the idea of what percent of the account balance to use as the lot size.

As the balance increases, the lot size also increases accordingly.

At 20% compounding, there are times when profits reach around 50 million yen, but

Maximum drawdown (DD) is 97%…

It’s almost despair… it seems mental collapse is inevitable.

No, I may not endure that much… if it drops by 50%, I might withdraw (laugh).

However, even if there is a holy grail, DD will surely visit it too!

I am convinced of that.

Everyone, what goals or dreams do you have for your EA?

I would be happy to receive your messages.

Until next time.

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