Challenge automated trading using MT4!! Let's start! EA Life | Episode 10: Evaluation and Selection of EAs (Part 1) [Masamasa Kakizawa]

Kakizawa Masanobu Profile

Kakizawa Masanobu. Since 2009, he has been developing automated Forex trading systems, providing many systems such as EasySniper and MultiAgent to brokerages and users. At the automated trading service "SISTRE24" by Invast Securities, the provided strategy MultiAgent achieved overwhelming results and high praise, earning the 2016 Annual Award. Additionally, at Himawari Securities' automated trading service "Ecotore," the provided strategy "Hikae-me Venus" maintained the top number of users for over a year from 2013 to 2014. The number of users exceeds 700. He is currently offering Dream Agent FX, an evolution of MultiAgent.

In this series, we focus on automated Forex trading systems, specifically EA (Expert Advisor) that operate on MetaTrader 4 (MT4), and guide you with the knowledge and know-how needed to operate them, led by professional trader Masanobu Kakizawa. Whether you are considering operating an EA or are already using one, please refer to this.

*This article is a republication and revision of an article from FX攻略.com, March 2019 issue. Please note that the market information written in the text may differ from current market conditions.

There are two main criteria for choosing an EA

Hello everyone. This is the third installment of the "Practical Edition." In the previous two installments, we looked at how to set up an EA. By now, you should be able to embed an EA into MT4. However, realistically, some of you may not have obtained an EA to embed yet.

Among such people, some may be wondering, "How should I choose an EA?" Therefore, this time we will explain in detail, over two parts, about "EA evaluation and selection methods."

When selecting an EA, there are generally two major criteria: ① the characteristics of the EA ② the performance of the EA — let's examine each in detail.