MTP Development Notes 16 | Points to look at in the first week. Check behavior more than profit.
MTP Development Note 16 | Points to watch in the first week. Check behavior rather than profit.
Hello, this is Tsuma.
This article isthe 16th in MTP Development Notes.
Last time, I talked about not concluding with just installing an EA.
Set it up in MT4.
Run it on a VPS.
Turn on automated trading.
Entered parameters as well.
That is not the end.
Rather, that is where operation begins.
The EA trades automatically.
But it does not automatically complete the operation itself.
Look at the lot size.
Look at the account status.
Look at the filters.
Look at the entry frequency.
Look at how drawdown develops.
Look at notifications and the dashboard.
If needed, review the settings.
All of this is part of operation.
This time, we continue.
In the first week of starting MTP, what should you look at?
Let’s organize this.
First, an important note.
The first week is not a period to look at profits. It is a period to verify that it is operating as designed.
If you’re interested in introducing MTP, please also see here.
Why you should not look at profits in the first week
When you start the EA, you inevitably want to see profit and loss.
Is it positive today?
Did we win this week?
Did we gain more than expected?
Did we gain less than expected?
Would it be okay to increase the lot a little?
I understand the feeling.
If you’ve put the EA in, you want results quickly.
But looking at profit in the first week is dangerous.
The reason is simple.
We haven’t yet observed how that EA behaves.
How often will it enter?
How often will you pass on opportunities?
From which step will you follow?
How much drawdown will you accept?
Which filters work well?
Where will you take favorable entries?
Where will you take favorable closes?
If you judge by profit without watching these, it can be dangerous.
It might have just happened to win by chance.
The market might have just happened to align.
The drawdown might have just been shallow by chance.
Conversely, losing does not necessarily mean the design is wrong.
There are correct reasons to pass on trades.
There are correct losses too.
There are dangerous profits as well.
So at first, watch the behavior, not the profits.
Treat the first week as a “verification period”
The first week is a start of operation.
But it is not full-scale operation.
Position-wise, it is a small-scale verification period.
What we look at here is not the amount of profit.
Whether MTP is moving as expected.
How much does the copied EA move?
Is MTP: Master recognizing correctly?
Is MTP: Slave following the conditions correctly?
Is the Dashboard updating?
Are notifications being received?
Are the lot sizes not too large?
Are the filters working?
Is a favorable close functioning?
This is the period to observe.
It’s natural for small lots to yield small profits.
But precisely because the lots are small, you can observe without breaking things.
If you fail with large lots, it won’t be just a verification; your account could be damaged.
Starting small is not negative; it is verification.
It’s a verification phase.
Better not to get this wrong.