Current state of FX automated trading from a highly popular EA developer: Dr. Neko 5000-character interview “I hope to create a good EA and provide it to everyone”
Dr. Neko Profile
More than 10 years of EA development experience. Works as a full-time programmer, developing EAs. On the EA sales site GogoJungle, publishes highly original EAs. Enjoys enduring popularity.
Blog:The Automatic Trading Struggles of EA Neko
※This article is a reprint/re-edit from FX Strategy.com January 2020 issue. Please note that the market information written in the main text may differ from the current market.
● Interviewer: Michihiko Ebizawa (Editorial Department)
Was 2019 a difficult year for EAs?
Ebizawa: Last year, all kinds of EAs were doing well, but around the end of the year performance started to deteriorate, and it’s said that this year they have fallen into a severe slump. How do you view the market trends in that area?
Dr. Neko (hereinafter, Neko) I am more on the development side than a user, so I’m not sure how much I can contribute, but I think trend-following logic, which was popular up to the first half of last year, became a market that it had trouble with.
For EAs with similar logic, even if they usually trade in different places, when sudden up-and-down movements occur like the Trump market, they may enter near each other and all lose at the same time... such things can happen.
Ebizawa: The big ups and downs of the Trump market were especially challenging for trend-following styles.
NekoFor example, my “Pips_miner_EA” seems not to be affected by market changes. This is because it targets ranges and only trades during the morning hours. For an EA, there are times when it matches the market well and times when it does not, and those bad times may continue for a long while. Determining that is difficult.
Recently, AI and new technologies have entered the market. These influences may be significantly changing market characteristics. Movements like the New Year’s flash crash are perhaps the result of such AI influences, I imagine.
