MTP Development Notes 1｜The reason I, who am bad at taking losses, am creating an EA copy called MTP.
Hello, this is Tsumo.
This article is,the first in the MTP Development Notes.
Since this is the first, I will first write why I am creatingMTP as a copy EA.
First of all, I’m not good at cutting losses.
I understand it in my head.
Cutting losses is important.
Leaving unrealized losses unattended is dangerous.
If capital management collapses, it’s over.
To survive in the market, you have to admit losses somewhere.
I know that.
But when unrealized losses are right in front of me, I can’t cut quickly.
“If I cut here, it might be the bottom.”
“If I wait a little longer, it might come back.”
“If I cut now, it would just be a loss for sure.”
“I’ve endured so much here, it would be a waste to quit now.”
I think this way.
And I can’t pull the trigger.
I believe some readers here share a similar feeling.
I know cutting losses is the right thing to do.
But I can’t do it.
I know the correct logic.
But when I face my actual account screen, my hands stop.
This gap is quite heavy in the market.
Here are MTP-related products.
MTP:Master【Free】
https://www.gogojungle.co.jp/tools/indicators/79103?via=usersMTP:Slave【Paid】
https://www.gogojungle.co.jp/tools/indicators/79106?via=users
If you can’t cut losses, is quitting the market the only option
It’s often said.
People who can’t cut losses are not suited for trading.
If you can’t cut losses, you should quit FX.
People who incur unrealized losses will eventually be forced out.
Perhaps this is true.
At least if you recklessly risk lots and only endure unrealized losses, you will break eventually.
But then I thought here.
Should people who are bad at cutting losses not think about staying in the market?
Become someone who can cut losses.
Of course, that’s ideal.
But if you base everything on ideals, someone like me will eventually break.
So I changed my approach.
How should I design to avoid being kicked out of the market even if I’m not good at cutting losses?
From here, the MTP thinking began.
What is MTP
MTP is,Mirror Trail Pro abbreviation.
As a copy-tracking EA that runs on MT4, it follows the positions on the MTP:Master side, using those positions as the basis for the MTP:Slave side to follow.
However, it isn’t just a simple copy.
When the Master enters, it enters immediately.
When the Master increases, it all follows.
Use the Master’s take profit as is.
But that alone can cause the Slave account to become tight.
Because the Master and Slave are not under the same conditions.
Order prices differ.
Account funds differ.
Lot settings differ.
Spreads differ.
Margin availability differs.
unrealized losses that can be endured differ.
Therefore, in MTP, rather than merely “copying,”we emphasize how to follow so as to avoid bankruptcy.
MTP is not an EA that promises explosive profits
First of all, I’ll state clearly here.
MTP is not a magic EA that guarantees you will always win if you use it.
If there were something that could do that, I would be quietly using it myself.
Probably I wouldn’t even be writing this kind of article.
MTP does not promise explosive profits.
What it aims for is more modest.
Robust lot sizing
Stage-following without forcing the chase
Arbitrary entries avoided in unfavorable places
Profitable closes without greed
Trailing to protect profits
Account health filters
Indicator stop-filter
RSI filter
Exit design for hedge recovery
Visualization with Dashboard
Smartphone notifications for awareness
By combining these, the EA is not a “box that earns by leaving it alone,”but a tool for designing riskto use.
This is the MTP mindset.
Why prioritize “not blowing up” above all else
The scariest thing in the market is not losing; it’s being wiped out.
There are losses.
There are unrealized losses.
There are times when the market doesn’t go the way you think.
But if your account remains, you can rethink.
You can adjust the settings.
You can lower the lot size.
You can wait for the next market.
If you are wiped out, that’s the end.
So, this is what MTP considers first.
How much can you win?
What monthly percentage can you aim for?
How much can you grow it?
Before that,
How long can you endure?
Where will you stop?
Where will you recover?
Where will you not enter?
Where will you not follow?
This is what we consider.
It’s quiet.
But I believe this quietness is necessary to stay in the market long-term.
There are conditions for not cutting losses in operation
I don’t want to misinterpret this here.
I’m not saying,
Cutting losses is important.
However, if someone who is bad at cutting losses relies only on it, it will eventually become strained.
Therefore, if you don’t center on cutting losses, you must design something else.
That is,
Lot management
Stage-following
Advantageous entries
Advantageous closes
Trailing
Account health
Indicator avoidance
Overheating avoidance
Exit design
these.
The problem isn’t not-cutting-losses itself.
The problem is that there is no design that prevents bankruptcy while not cutting losses.
Not cutting losses.
But heavy lots.
A deep martingale.
Trailing is fast.
Exit is distant.
No filters.
No stopping conditions.
This isn’t operation.
It’s prayer.
And if you leave that prayer to the EA, it will faithfully keep praying.
What MTP values
What MTP values is not flashy wins.
First, it should be hard to break.
Not following everything from the start
In MTP, you don’t necessarily follow all Master positions from the beginning.
Skip the early phase.
Follow from a specified stage.
Avoid dangerous initial moves.
Not trying to take everything is a way to protect the account.
Don’t enter at unfavorable prices
Just because the Master holds a position doesn’t mean the Slave must enter immediately.
Sell right after a rapid rise.
Buy right after a sharp drop.
Jumping into overheated markets.
To avoid these situations, consider advantageous entries.
“Not entering” may seem like a missed opportunity.
But entering in unfavorable places is also part of the operation design.
Take profits without greed, prioritize recovery first
After enduring unrealized losses, unrealized gains appear and greed grows.
I want to extend it further.
Since I endured, I want to grab more.
But that greed can push you back into unrealized losses.
Therefore, think of profit-taking not as dream catching, but as a recovery step.
Operations with unclear exit become painful later.
Protect profits before extending them
Trailing isn’t used only to maximize profits from the start.
First, protect the profits earned.
Don’t let red turn to black again.
Leave at least minimal profits.
Only after that, extend them.
An operation that can’t protect profits will repeatedly forgo unrealized gains.
That’s mentally exhausting.
Hedging is not a life-extension but an exit design
Hedging isn’t magic.
It isn’t a function to erase unrealized losses.
If you use it, you must plan where to start, how to unwind, and how to finish.
You need to consider the exit.
Using hedging only to endure is dangerous.
Where will you recover?
Where will you remove it?
How will you organize the positions?
We plan for all of this.
Even when busy, we want a system that keeps account status in sight
There is another important aspect in building MTP.
It should allow you to know your account status even when you’re not glued to the computer.
FX automated trading isn’t just about running it and leaving it.
What’s scary is not noticing it’s running.
A new entry made.
unrealized losses are increasing.
Positions are growing across multiple accounts.
Account health is deteriorating.
But you’re at work and can’t see the computer.
This state is quite dangerous.
So MTP considers mechanisms to monitor the operation from a smartphone as well as the EA alone.
Make account status visible in Google Sheets.
Get notifications when auto-entry occurs.
Enable checking account status from your phone even when you’re out.
That’s the idea.
The goal isn’t to look convenient.
It’s to create a state where you can notice risk even when busy.
In EA operation, you’ll be late to realize, and thus late to decide.
If judgment is late, unrealized losses grow.
As unrealized losses grow, options shrink.
When options shrink, it ends in prayer.
Therefore, in MTP, we want to value not just “buy/sell logic” but also “a mechanism to visualize operation.”
To protect the account, entry conditions alone aren’t enough.
What’s happening now?
Which accounts carry how much risk?
Can you notice this quickly?
What this development note will cover
This development note isn’t meant to promote MTP alone.
Of course, I will write about MTP.
Since I built it myself, I won’t hide that.
But more than that, I want to write about what to consider to prevent a breakdown in EA operation.
Lot management
Dangers of martingale
Stage-following
Advantageous entries
Advantageous closes
Trailing
Hedging recovery
Account health
Indicator avoidance
RSI filter
Differences in exits between Master and Slave
Smartphone notifications
Dashboard management
I will整理 these topics one by one.
EA changes character with its settings.
Even with the same EA, changing the lot size makes it a different thing.
Changing the follow start also changes risk.
Changing the take-profit concept changes how much remains in the account.
Therefore, EA isn’t just installed and forgotten.
Design it, run it, verify it, and review it.
I believe this is the cycle.
To people who don’t want to be expelled from the market even if they’re bad at cutting losses
I am not good at cutting losses.
Therefore, I do not intend to deny people who can cut losses.
On the contrary, I think people who can cut losses are strong.
But there are people like me in the world,
Know it but can’t cut.
Don’t cut but don’t want to be expelled from the market.
I want to design something else to avoid being expelled.
There are surely such people.
This development note is written for them.
Not just pretty words, but from a real operating perspective.
Winning is important.
But first, do not be expelled.
If you don’t exit, there is a next step.
The next setting.
The next verification.
The next market.
The next improvement.
If you stay in the market, you can still think.
So, before winning, I design to avoid bankruptcy.
MTP is the EA built for that purpose.
In conclusion
MTP is not an EA that promises explosive profits.
How to operate so that someone who is bad at cutting losses does not exit the market.
This is where copy EA started.
Not flashy.
But there are things more important than flashiness to stay in the market for a long time.
Control the lot size.
Don’t chase everything.
Don’t enter in unfavorable places.
Take profits when visible.
Stop when it’s dangerous.
Don’t lose sight of your account status.
Think through to the exit.
Today’s conclusion is simple.
If you’re bad at cutting losses, at least possess a design that won’t blow up.
And we’ll start from there.
Before winning, first ensure you don’t go bankrupt.
In this development note, I will write about that mindset one by one.
If you’re interested in implementing MTP, please also see here.
MTP:Master【Free】
https://www.gogojungle.co.jp/tools/indicators/79103?via=usersMTP:Slave【Paid】
https://www.gogojungle.co.jp/tools/indicators/79106?via=users
Notes regarding risk
※This article organizes the author’s personal operating philosophy and MTP’s design philosophy.
※MTP does not guarantee profits.
※MTP does not completely prevent losses.
※FX, automated trading, and copy trading carry significant risks.
※Depending on settings, lot size, behavior of the copied source EA, and market conditions, large losses may occur.
※Use of EA, account opening, deposits, VPS contracts, and operation should be done at your own risk.
※In the first operation, always test with a small lot or a demo account.