The damage that losses cause to the mind: The secret story behind the birth of the settlement EA!!
From January 29 for 30 days and then from early February
I was stopped by a fairly large decline in XAUUSD that wiped out my trading capital,
and I’ve heard various people say their trading minds were shattered.
As for me during that time,
I could stay calm during the 30-day drop from January 29
and I survived the late-night drop in early February.
But even now, I’m a little scared, trading with extremely small lot sizes and aiming for a daily profit
while running my proud EA is something I even stop and implement as a measure.
Another thing is that in a micro-account with a tiny amount, there is no point in wiping it out, so I opt for ultra-small micro lots
while leaving the EA running to observe market conditions and trade daily with EA and
discretionary trading.
That micro-account has been running for 10 days and its profit
exceeded 500,000 yen (not a brag).
The mental damage caused by losses is
different for everyone, but it is serious.
However, you cannot earn profits unless you trade.
So, what would you do after a big loss?
In the past, I, irresponsibly, without a plan, at meaningless timings,
tried to reverse with a lot of lots far larger than my usual.
The result was usually two wins with chicken profits
and then a deeper bottom, with large increases in losses.
So, you know, irresponsibly, without a plan, at meaningless timings
what is wrong with entering at such times?
Losses taken at odd timings break your mentality
and accelerate the inability to cut losses.
As a result, you end up with meaningless, (now obvious) losses that eat away your principal and end in a big loss.
This is the honest reality of my FX journey from over a decade ago,
spent in chronic ongoing repetition.
But during that time, a lot of know-how began to accumulate in my consciousness.
How can this method be automated?
How can I make profits without trading myself?
All the know-how I collected, indicators, and EAs—how awful they were.
※When you turn awful know-how or awful indicators into an EA, you quickly see how awful they are (lol)
With relentless curiosity, I produced many EAs and indicators, then discarded them,
then made again! and occasionally thought I must not, and kept going.
There are well over 100 creations.
The driving force toward becoming an EA producer was
that I, the terrible trader, wanted a system that would allow me to trade and win!
Do you understand what I am saying?
If you can do it, you can; if not, instead of excuses, quit
FX quickly and move on!!
Currently I
- have three auto EAs that are so good they amaze me
- two high-quality discretionary assist EAs sold by GoGo-chan
- the world's best... (☆彡)
utilizing them to face the market.
The discretionary assist EAs sold by GoGo-chan are especially crucial.
They are not just settlement EAs; I even attach my own indicators
so that know-how can be practiced semi-automatically in trades, and
since they are settlement EAs, if you happen to have a position taken at the wrong timing (lol)
they might still end with a profit realization—this is such an amazing product.
Would you like an EA that calmly guides your position to take profits?
You simply consider the balance of funds and lot size
and trigger the EA entry!!
Just doing that will have the EA bring you profits in a calm position.
If I wanted it, I would buy it!! That’s why I made it.
For those who cannot even do that, I offer this advice. If you cannot do that, leave the market immediately (LOL)
Even a position taken without a plan might profit with this EA!?
The settlement EA becomes one of your methods.
My original indicators are also included as gifts!!
A multi-trade-support EA.
A settlement EA that is more than just a settlement EA
Well then, I’ll take my leave.
See You
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The settlement EA becomes one of your methods.
My original indicators are also gifts!!
A multi-trade-support EA.