[No.2 Foreign Warrior] The Real Image of a Full-time Trader — Building the Foundations of FX with Passion and Grit, Focused on EA Operation as a Full-time Life
Learn the Art of Living from 7 Successful People in FX
There are probably many who are currently working as part-time traders in FX but hope to quit their jobs someday and become full-time traders. With that in mind, we asked seven full-time traders who live off FX and other traders who are building wealth mainly through FX while running other businesses to share how they became full-time, how they earn, and what kind of life they lead.
※ This article is a reprint/edit of an article from FX攻略.com August 2019 issue. Please note that the market information written here differs from the current market conditions.
Profile of the Foreign Warrior
Based overseas (mainly Europe). Sharing information useful to beginners to advanced traders on blogs and other platforms. Creates original indicators and EAs, and develops trading methods.
Blog：https://fx-wintrade.com/
Twitter：https://twitter.com/ikokunosenshi
Carefully Identify Favorable Market Conditions for EAs
Although the developed EA and indicators are popular products for the Foreign Warrior, their own professional trading as a full-time trader is mainly driven by EA-derived profits.
"I run my self-developed ‘Foreign Victory’ along with other self-made EAs. The main logic is to buy on dips and sell on retracements where a trend has already emerged, and I think the key is to pause operations due to fundamental factors."
The primary fundamental factor that makes him stop his EA is the U.S. jobs report.
"I stop the EA for about three hours before and after the jobs report. This is my own conclusion derived from testing and backtesting."
EAs have strengths and weaknesses in different market conditions, and knowing that and toggling operation on/off can improve profitability. Even if you are not using your own developed EA, you can understand its characteristics by watching its behavior, which is key to effective operation.
So, what prompted this Foreign Warrior to become a full-time trader?
"Two years ago, I left an IT company and started a business selling used designer bags in Poland. After that, I delegated the main part of this business to a acquaintance, and began living off FX alone in the spring of 2019."
From a period slightly before becoming a full-time FX trader, he had been making profits from developing and selling indicators and EAs. He had started FX about six years ago.
"When I was working in IT, I wanted to quit my job and researched indicators and EAs. At that time, I didn’t have the idea of selling what I created, and I didn’t even know there were services to sell indicators and EAs. My aim was simply to create things that would help me win in my own trading."
The foundational basis for the EAs he is currently developing took about a year to build. He would obtain free EAs and repeatedly examine their contents.
