Occasionally I’ll borrow ChatGPT’s power, part 15

FX automated trading, the double-E A developer of Reiwa era is here.

Sometimes I’ll borrow the power of ChatGPT too (lol).

It’s not at all that I’m running out of material,

there are plenty of notes and drafts, and

it’s tedious to compile, so I’ve handed it off (lol).

The Delay in EA Adoption and Its Charm – Why it Still Isn’t Fully Conveyed?

This time, I’d like to talk about why FX automated trading (EA) adoption hasn’t progressed much yet,

and why the魅力 of EA isn’t yet fully communicated.

From my daily interactions with many people, I’ve noticed reasons why they can’t start using EA or are hesitant to take the plunge.

So, I will explain common misconceptions about operating EAs and the true魅力 of EA.

Is EA setup difficult?

First, the oft-heard complaint is, “EA setup is difficult, so I won’t use it.”

Indeed, for first-time users of FX automated trading, initial settings may feel hard.

However, once the setup is done once, the rest can operate automatically, which is EA’s greatest魅力.

EA setup involves installing the EA into trading platforms like MT4 or MT5 and configuring risk management, but

most vendors provide detailed manuals and support.

For example, this page

https://www.gogojungle.co.jp/post/1/3138

Therefore, if you take the first step, you can start asset management using EA.

In short, “setup is difficult” is only the initial step, and

once setup is complete, EA trades automatically on your behalf and monitors the markets daily, becoming a powerful tool.

Do you need to know EA logic and features?

Next, a common question is, “Do I have to study the EA logic and features, which is a hassle?”

Indeed, each EA has different logic and enters or exits in specific market conditions.

However, you can operate without knowing the inner workings or exact logic of the EA.

What’s important in using EA is learning how to choose EA and risk management.

This is knowledge you can understand even without trading experience, and

it’s the basic knowledge to determine which EA suits your asset management.

EA selection：：

Check backtest results and forward test performance, whether risk management settings are solid, and whether support is reliable.

Risk management methods：：

EA does not always profit. There are times of losses, so it’s important to determine how much risk to take, and set appropriate position sizes and stop losses.

With this basic knowledge, EA operation can proceed automatically with minimal effort.

In other words, you don’t need to understand the internal logic; just choose the right EA and control risk.

EA is not semi-discretionary trading

Another reason people hesitate is the misconception that

“EA cannot operate automatically.”

Some may think “EA is only a supplement to discretionary trading.”

However, the original purpose of EA is fully automated trading.

If you implement and set it properly, a trader does not need to constantly monitor the market or manually enter or exit trades.

The EA automatically judges the market and trades at optimal timings.

Of course, it’s possible to incorporate discretion, but the trades themselves operate automatically without manual intervention.

In other words, even if you think you can’t operate without semi-discretionary trading, rest assured you can run it hands-off.

Now is the time to adopt EA

The spread of FX automated trading may still be limited, but

that means it’s a “blue ocean” right now.

If many people haven’t yet taken the plunge into EA operation, understanding its魅力 and starting to operate now can

increase the potential for substantial returns in the future.

By the time cars become autonomous, FX trading may also be largely automated.

Starting to use EA for asset management now can be seen as taking the lead toward the future.

Summary

Reasons why EA魅力 is not yet fully communicated include the difficulty of setup and the need to understand the logic, but these are not barriers.

Once setup is complete, EA operates automatically, and you don’t need to understand the logic in detail.

By learning risk management and how to choose EA, EA can function as a fully capable asset management tool.

If you haven’t tried EA yet or you think it’s semi-discretionary trading,

please discover the魅力 of hands-off operation.

Take the lead in the future and use EA to succeed in asset management!

With that, please continue to have a good trading life!

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【Reiwa no Double-EA Listing】

https://www.gogojungle.co.jp/users/112481/products

https://real-trade.tech/accounts/73791?via=users_realtrade

https://www.gogojungle.co.jp/finance/navi/articles/67162

【Reiwa no Double-EA Serialized Articles】

https://www.gogojungle.co.jp/finance/navi/series/1700

https://www.gogojungle.co.jp/finance/navi/articles/64703

https://www.gogojungle.co.jp/finance/navi/articles/65978

https://www.gogojungle.co.jp/finance/navi/articles/64738

https://www.gogojungle.co.jp/finance/navi/articles/65619

https://www.gogojungle.co.jp/finance/navi/series/1714

https://www.gogojungle.co.jp/finance/navi/series/1701

https://www.gogojungle.co.jp/finance/navi/articles/64723

https://www.gogojungle.co.jp/finance/navi/articles/65010

https://www.gogojungle.co.jp/finance/navi/series/610

【Reiwa no Double-EA’s Beliefs】