Be careful with the formula demonstration for compound interest in the forward demonstration

FX Auto Trading, EA developersReiwa's Double-Eyehere.

When listing EAs on Gogojan,

you submit mql files,

and the lot size you set at that time

will be reflected in the official demo forward on the sales page.

The starting funds are set at 1,000,000 JPY,

and within that, 0.1 lots, 1 lot, etc.,

which are freely set by each EA developer.

Within that,

From “backtest and forward”

to determine the quality of an EA,

the basic principle should be “simple interest operation.”

If you apply an emulation with compound interest settings here when listing,

the lot size will increase or decrease according to margin changes at that time.

Then,

so the assumptions differ and cannot be compared,

and even if both backtest and forward use compound interest,

the lots are different,

so those figures cannot be compared numerically.

Therefore,

for EA developers who manipulate numbers to their advantage,

if forward with compound interest is favorable,

the lot size will naturally become larger,

and the amount earned will also increase accordingly.

Take advantage of this,

and some developers boast, “I earned 500,000 this week,”

so beware of flaunting developers by money amounts.

Sure, they may win with large lots.

And moreover,

Gogojan has various rankings,

there is also an “Earnings Rank.”

In short,

the earnings under simple interest and compound interest are all mixed together.

That is not fair, is it?



Even with simple interest,

the lot settings vary by EA developer,

so the “Earnings Rank” is not a reliable reference.

With that in mind,

it is extremely important to evaluate EAs carefully,

with awareness of these factors.

That’s all!