Let’s get started! EA Life - Challenging MT4 Auto-Trading | Episode 3: Basic Knowledge to Start an EA with MT4 [Masakazu Kakizawa]

In this series, we focus on FX automated trading systems, specifically the automated trading systems that operate on MetaTrader4 (hereinafter MT4) called EA, and we will have Masanobu Kakizawa, a professional trader, navigate the knowledge and know-how required to operate them. If you are considering operating an EA, as well as those already using EA, please refer to this.

*This article is a reprint and edit of an article from FX攻略.com August 2018 issue

Profile of Masanobu Kakizawa

Kakizawa Masanobu. Since 2009, he has been developing FX automated trading systems and has provided many automated trading systems to securities companies and users, including EasySniper and MultiAgent. At Invast Securities’ automated trading service “SysTrend 24” the provided strategy MultiAgent achieved an overwhelming performance and recognition in the 2016 annual awards. Also, at Himawari Securities’ automated trading service “EcoTrade,” the provided strategy “Modest Venus” maintained the top number of users for more than a year from 2013–2014. The number of users exceeds 700. Currently, he offers Dream Agent FX, an evolved version of MultiAgent.

What is needed to automate trading?

Hello everyone. In the previous article titled “Reasons why EA is recommended,” we discussed that automated trading with EA has the disadvantage of not being able to flexibly respond to sudden events, while the advantages greatly outweigh this disadvantage by “monitoring the market 24 hours a day and trading on behalf of humans” and “conducting trades that remove the human emotions that tend to ignore trading rules.” This time, under the theme “Basic knowledge to start EA on MT4,” I would like to talk about what is necessary to start automated trading.

To list the things needed to begin automated trading using EA:

• MT4 account
• MT4
• EA
• Execution environment

Let’s look at them in order.