MTP Introduction Guide 6 | Prepare the source EA. Decide the source that MTP will follow.
Hello, this is Tsumo.
This article isthe 6th installment of the MTP Deployment Guide.
Previously, we organized the flow to install MT4 on a VPS and log into a demo MT4 and a live MT4 account.
So far, the basic account structure used for MTP operation has been prepared.
Demo account
Live account
These two.
In the demo account, run theMTP:Master, which is the copy source EA.
In the live account, place and follow withMTP:Slave
This time, among those, we will prepare thecopy source EA to run on the demo account.
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
MTP is a copy and follow EA.
Even if you only put MTP in, it does not automatically generate buy/sell logic.
For MTP to follow, you need the original EA.
That isthe copy source EA
However, one important thing to say at first.
The copy source EA is not necessarily excellent just because it is expensive.
If you get this wrong, searching for an EA can become a deep trap.
A trap may look shallow, but it generally does not end at the ankles.
What is the copy source EA?
In MTP, the copy source EA is the EA that makes buy/sell decisions on the demo account.
MTP watches the movements of that EA.
Entered
Held a position
Progressed through stages
Moved toward profit-taking
Carried a floating loss
MTP:Master reads the behavior of such a copy source EA and transmits it to the live account’s MTP:Slave.
The structure is as follows.
Demo MT4
→ Copy source EA
→ MTP:MasterLive MT4
→ MTP:SlaveRun the copy source EA on the demo account side.
On the live account side, MTP:Slave follows.
This is the basic structure.
MTP is not the actual trading logic
It’s best not to misunderstand this.
MTP is not an EA that decides the market in place of the copy source EA.
The starting point for buy/sell decisions is the copy source EA.
MTP is an EA designed to determine how to follow on the live account side based on the copy source EA’s movements.
For example, it handles management like the following:
From which stage to start following
What to do with lot size
Whether to check account health
Whether to wait for a favorable position
Whether to use an RSI filter
Whether to avoid around indicators
How to handle take profits and closing
In short, MTP is not meant to simply hand off the copy source EA’s movements as-is.
It’s about how to manage on the live account side given the copy source EA’s movements.
That is where the value lies.
No need to use an expensive EA
There are many expensive EAs in the world.
Tens of thousands of yen.
Hundreds of thousands of yen.
There are even more expensive ones.
Of course, among expensive EAs there are good ones.
But when using as a copy source EA for MTP, it is not necessary that it be expensive.
Expensive means safe.
Expensive means excellent.
Expensive means profitable.
That’s not true.
What matters in an EA is not price.
What matters is behavior.
What logic it uses
How frequently it trades
Maximum number of positions
Whether it averages down
Whether it martingales
How it handles floating losses
Which market conditions it struggles in
Whether the lot size increases
What currency pairs it trades
This is where the focus should be.
Not the price, but the behavior.
If you are assuming you’ll receive via MTP, what you should look for in the copy source EA isn’t just flashy monthly gains.
Rather, the ability to anticipate movement.
To understand quirks.
To be easy to design on the live account side.
This is more important.
Copy source EA can also be found on GoGoJungle
You can also find copy source EAs on GoGoJungle.
GoGoJungle has many EAs and indicators listed.
When using as a copy source EA for MTP, in addition to the product page descriptions, check as much as you can for the following points.
Forward performance
Backtesting
Maximum drawdown
Maximum number of positions
Whether averaging down is used
Whether martingale is used
Target currency pairs
Recommended margin
Operating hours
Take-profit range
Whether stop loss exists
Trading frequency
This is what to look at.
“Looks like the performance is good” alone isn’t enough.
If you’re going to use it with MTP, the copy source EA’s character will directly affect MTP operation.
If the copy source EA moves roughly, it will place a load on the live account’s MTP too.
Even if MTP applies filters and lot management, the personality of the original EA isn’t erased.
Therefore, choosing the copy source EA is quite important.
Copy source EA should be run on a demo account
With MTP, run the copy source EA on the demo account side.
And place MTP:Master on the same demo MT4 account.
The structure is as follows.
Demo account MT4
→ Copy source EA
→ MTP:MasterDo not install the copy source EA on the live MT4 account.
What you put on the live MT4 is MTP:Slave.
Live MT4
→ MTP:SlaveBe careful not to misplace this.
If you run the copy source EA directly on the live account, that is normal EA operation.
It is not MTP operation.
In MTP operation, the demo account’s copy source EA movements are received by the live account’s MTP:Slave.
And on the live account, it follows through MTP’s lot management, filters, and exit design.
Why copy source EA should not be directly placed on the live account
Putting the copy source EA directly on the live account bypasses MTP management.
In other words, the following MTP designs become ineffective:
Lot management
Advantageous entries
Progressive following
Account health filter
RSI filter
Indicator stop filters
Exit design on Slave side
Decision to avoid entry when risky
If you run the copy source EA directly on the live account, it trades based on the EA’s own judgment.
That is outside the MTP's management.
This reduces the meaning of using MTP.
In MTP operation, roles are clearly separated.
Demo MT4
→ Copy source EA
→ MTP:MasterLive MT4
→ MTP:SlaveIt's important not to break this shape.
Points to look at when choosing a copy source EA
When choosing a copy source EA, don’t just look at the performance.
High monthly return.
High win rate.
Clean backtests.
Good reputation on SNS.
Choosing based on these alone is risky.
If you’re using with MTP, the points to look at are different.
Trading frequency
First, look at trading frequency.
How often does it enter?
Does it trade multiple times a day
Or once every several days
Does it operate only at specific times
Does it trade during the late night
Does it move around around economic news
Higher trading frequency means more impact from spreads and slippage.
Even with MTP following, more entries mean more judgment instances.
EA with many trades has more opportunities.
However, errors and misalignments are easier to occur.
Always verify frequency.
Maximum number of positions
Next is the maximum number of positions.
How many positions can it hold at most?
Is it one position that completes?
Does it hold multiple positions?
Does it average down?
How many levels can it scale?
Since MTP considers staged following, the maximum number of positions is important.
Skip the first stage.
Follow from the second stage.
Follow from the third stage.
When designing like this, you need to know how many stages the copy source EA can hold to set it up.
Always confirm the maximum number of positions.
Presence of averaging down and martingale
Averaging down itself isn’t inherently bad.
But it’s dangerous if you use it without understanding how floating losses grow.
EAs that include martingale require extra caution.
Always check how fast lot sizes increase.
Even if win rate looks high, there are EAs that crash when they lose big all at once.
Don’t underestimate this.
Even if MTP is designed to cap lots on the live side, the stages and direction of the copy source EA will still influence it.
Be especially careful when using averaging-down type EAs as a copy source.
How to handle floating losses
Looking only at win rate isn’t meaningful.
What really matters is when it’s losing.
How much floating loss is carried
How long it can endure
How far it can go against the trend in trending markets
Whether it increases positions during floating loss
Whether it cuts losses or endures
In EAs, the action when it’s losing reveals its true character.
An EA that handles floating losses roughly should be treated cautiously in MTP.
Look at the quality of floating losses rather than the apparent win rate.
Currency pairs
Which currency pairs it trades is also important.
Pairs with wide spreads
Pairs with volatile price movements
Pairs with heavy swap costs
Pairs that are prone to sudden changes
Pairs whose trading conditions vary significantly with domestic brokers
With such pairs, it also affects the operation on the copy target side.
Even if the copy source EA looks fine on the demo account, on the live account it can be affected by spreads and slippage.
Also consider the character of currency pairs.