1/24 Simple tips to spot shady products (for EAs)
EA developer Reiwa’s Double-Eye here.
Today's title is as follows.
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Tips for distinguishing unscrupulous EA products
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To cut to the chase,
First of all"there is a backtest published".
EA developers perform backtests to verify the edge of the logic they created.
Backtests are used to confirm whether the logic remains profitable across various chart patterns.
In other words,
"EA development is based on backtest results".
Therefore, the quality of an EA and the success of forward testing depend on
whether they rely on backtests.
In such cases,
if there is no published backtest,
I would wonder, ‘What criteria were used to develop the EA?’
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In the market,
so-called"proof-of-profit screenshots"are used to hype sales.
This is called"stoking gambler’s fever".
Humans have desires,
and among them there is a desire to profit,
so we are inevitably drawn to urges for gambling-like excitement.
Furthermorein ordinary jobs,
and for those struggling to make ends meet each month and seeking extra income,"because I’m tired of hardship""I want to earn easily"feelings like this are strong,and they lead to being swayed by gambling-like appeals…before you know it, it’s an unscrupulous product…and you lose your precious funds…--------------------------------However, many products that only rely on “proof-of-profit screenshots” for salesare based on a past trading history for a short period,and do not prove consistent success across various chart patterns.So, it is unknown whether they will win in the future.With that in mind,"EA that cannot win in backtests will not win in the future either".--------------------------------FX automatic trading, EA,tends to focus on forward performance and profits (explosive gains),but the backing is the backtest,and the publication of backtests is essential.Then!━━━━━━━━━━━━━━━【Reiwa’s Double-EI EA Listing】https://www.gogojungle.co.jp/users/112481/products━━━━━━━━━━━━━━━【Reiwa’s Double-EI serialized articles】■EA for Beginnershttps://www.gogojungle.co.jp/finance/navi/series/1700■No-tolerance! GoGoJungle Issue Raising!https://www.gogojungle.co.jp/finance/navi/series/1701■Double-EI FX Ramblingshttps://www.gogojungle.co.jp/finance/navi/series/610━━━━━━━━━━━━━━━【Reiwa’s Double-EI Beliefs】Develop EA by legitimate methods,seek the support of many people,and maintain a long-lasting WIN-WIN relationship,aiming to revitalize the EA market and improve literacy.━━━━━━━━━━━━━━━
"because I’m tired of hardship"
"I want to earn easily"
feelings like this are strong,
and they lead to being swayed by gambling-like appeals…
before you know it, it’s an unscrupulous product…
and you lose your precious funds…
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However, many products that only rely on “proof-of-profit screenshots” for sales
are based on a past trading history for a short period,
and do not prove consistent success across various chart patterns.
So, it is unknown whether they will win in the future.
With that in mind,
"EA that cannot win in backtests will not win in the future either"
.
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FX automatic trading, EA,
tends to focus on forward performance and profits (explosive gains),
but the backing is the backtest,
and the publication of backtests is essential.
Then!
━━━━━━━━━━━━━━━
【Reiwa’s Double-EI EA Listing】
https://www.gogojungle.co.jp/users/112481/products
━━━━━━━━━━━━━━━
【Reiwa’s Double-EI serialized articles】
■EA for Beginners
https://www.gogojungle.co.jp/finance/navi/series/1700
■No-tolerance! GoGoJungle Issue Raising!
https://www.gogojungle.co.jp/finance/navi/series/1701
■Double-EI FX Ramblings
https://www.gogojungle.co.jp/finance/navi/series/610
━━━━━━━━━━━━━━━
【Reiwa’s Double-EI Beliefs】
Develop EA by legitimate methods,
seek the support of many people,
and maintain a long-lasting WIN-WIN relationship,
aiming to revitalize the EA market and improve literacy.
━━━━━━━━━━━━━━━
