【ChatGPT】What is EA? Please explain in an easy-to-understand way.

This series is
an interview with an EA developerReiwa's Double-E,
and ChatGPT, which is cutting-edge technology.

Additionally, I will share my thoughts on it as well.
 

【Reiwa's Double-E】

Please explain what EA is in an easy-to-understand way.

【ChatGPT】

EA (Expert Advisor) refers to an automated trading program.

In investment markets such as forex and stocks,
it automatically trades according to pre-set rules.

Typically, based on trading logic written in a program,Typically, based on trading logic written in a program,Typically, based on trading logic written in a program,Usually, EA operates based on programmed trading logic,Usually, EA operates based on programmed trading logic,Typically, EA operates based on programmed trading logic,Typically, EA operates based on programmed trading logic,
it automatically performs entries (buy/sell orders) and settlements (stop-loss and take-profit).it automatically performs entries (buy/sell orders) and settlements (stop-loss and take-profit).it automatically performs entries (buy/sell orders) and settlements (stop-loss and take-profit).and automatically executes entries and closures (stop-loss and take-profit).and automatically executes entries (buy/sell orders) and settlements (stop-loss and take-profit).and automatically handles entries and exits (stop-loss and take-profit).and automatically performs entries (buy/sell orders) and settlements (stop-loss and take-profit).

Moreover, depending on the configured conditions, it can automatically trade and adjust positions.

The advantage of EA is that
trading is not influenced by human emotions or judgments and is executed automatically.

This allows for around-the-clock trading and improvements in trading efficiency and accuracy.
Additionally, backtesting using past market trends and ease of risk management are also advantages.

However, automated trading with EA may encounter bugs in the program,
or fail to adapt to the current market, which may differ from past market trends.
Therefore, when using EA, thorough testing and risk management are necessary.

 
So,
it seems roughly correct.

EA is,
from objective numbers of backtesting and forward testing results,
able to gauge EA performance and risk management settings.

Some people may find the initial setup of EA difficult, but
once you clear that hurdle, with "EA selection" and "risk management,"
it is possible to continue winning consistently.

Well then.