EA初心者必見！勝利の法則　EA開発者が伝えるFX自動売買の秘訣　～7～

This article has been revised and published based on the e-book I publish, "Secrets of FX Auto-Trading Shared by EA Developers."

Three Options for EA Trading

There are three main options to automate trading using an EA.

They can be broadly categorized into the following3 options.

・Purchase an EA

・Use an EA for free

・Create your own EA yourself

Each option offers a different approach, and

understanding which one suits you best is the first step to successful automated trading.

Purchasing an EA

usually a way to obtain proven strategies and high-quality programs, but

you need to consider the investment and the level of support.

On the other hand, using a free EA can reduce initial costs, but

there are constraints, such as not being able to use a freeEA under certain conditions.

Also, creating your own

EA yourself

There are advantages and disadvantages to each method,

and the important thing is to find the option that fits you.

Automated trading is not just an investment method; it is a powerful tool to refine your trading style.

We will delve into each option in more detail,

explaining concrete advantages and disadvantages. By understanding this,

you will be able to identify a clear path to start your optimal EA automated trading.

Points to consider when purchasing an EA

When purchasing an EA

GogoJungle (ゴゴジャン) is the largest platform in Japan.

Here you can find many EAs,

and it is attractive because it is easy to find products that meet your needs.

Of course there are other platforms, but

GogoJungle is especially recommended for its wide selection and reliability.

■Points to note when purchasing

1. price is not everything

When purchasing,

Beware of the idea that “higher price equals better EA.”

High-priced EA does not necessarily

perform better.

Conversely, there are high-impact, low-cost EA options as well.

2. Backtesting and forward testing checks

Before purchasing, EA backtests (verification with historical data) and

forward tests (performance in live markets)

should be thoroughly checked.

This helps you understand how EA will perform in which environments.

■Benefits of purchasing an EA

1. Convenience

The purchased EA trades automatically,

so you don’t need to craft your own trading strategy. This saves time.

2. Access to professional strategies

The bought EA often reflects strategies developed by experts or traders,

giving you approaches you might not have thought of.

3. Support is available

Many vendors offer after-sale support for EA,

so it is easier to seek help if issues arise.

■Disadvantages of purchasing an EA

1. It costs money

Initial investment is required for purchase.

Also, good EA may not perform as well as expected.

2. Some markets may suit it and some may not

The EA you purchased may not match the current market conditions, leading to losses.

EAs have strengths and weaknesses in different market conditions,

and purchasing does not guarantee profits.

3. Not all EAs are transparent

Some EAs have unclear operational logic.

After purchase, you may feel the effect is not as expected, so

thorough pre-purchase research is necessary.

When purchasing an EA, you should thoroughly understand these merits and demerits and

find a product that suits you.

Points when using free EAs

For those who want to start automated trading easily,

using a free EA is highly appealing.

When using free EA,

you will typically use an overseas FX account,

and EA-BANK is one well-known service.

●Why can EA be provided for free?

Free EA offerings exist because

these services encourage users to open overseas FX accounts,

and the IB commissions earned are used

to compensate the developers.

1. User account opening

When opening an account with an overseas FX broker,

the broker pays referral commissions (IB rewards).

2. Rewards to developers

A portion of this IB reward is paid to the developers of the EA,

allowing users to use the EA for free.

In other words, you can enjoy automated trading without any cost.

3. The operator’s profit

Site operators also earn revenue by receiving IB rewards,

creating a win-win relationship among the three parties.

●Difficulty of obtaining free EAs domestically

Domestically, FX brokers cannot pay IB rewards,

making it difficult to obtain a free EA in Japan.

However, some domestic FX brokers run account opening campaigns and special promotions where

they may offer EAs as gifts.

By not missing these opportunities and participating in campaigns, you may obtain a free

EA.

Also, rarely domestic FX companies may independently provide free, so it’s worth looking into.

Points when creating your own EA

More people want to create an EA themselves to help their trading.

Using a self-made EA allows you to automate your own trading ideas and test unique strategies, making it a very appealing option.

However, to run a self-made EA, you need to write code and implement settings.

●Skills and tools required to create an EA

The most important thing in self-made EA is programming skill.

If you use MetaTrader 4 (MT4) or MetaTrader 5 (MT5),

you need to program in the MQL language,

but there are abundant beginner guides and materials,

so you can start from the basics.

Recently, even if you cannot program,

EA creation tools have appeared.

For example, tools that build EAs via drag-and-drop, or platforms that generate code automatically.

Using such tools, more traders are starting to create EAs easily.

●How will performance change?

Are self-made EAs superior only for those with programming skills?

You might think so, but that is not always the case.

In fact, if there is an edge in the market, a simple logic can yield good results even without complex features.

The key to making an EA successful is not the number of features, but how well you reflect a high-quality trading logic in the EA.

●Benefits of creating your own EA

1. Access to many free EAs

If you have the skill to build your own EA,

you can expand the potential of automated trading for free.

You can test your own logic and use what you are confident in without buying commercial EAs.

2. You can discern the quality of EAs

With self-made experience, you can better assess other EAs’ settings and structures.

Even when using commercial EAs,

you gain insight like, “How is this logic built?”

which helps you choose more carefully.

3. Potential for selling or monetizing

If you can build a highly successful EA,

you can sell your self-made EA to monetize it.

On major EA marketplaces used by many traders,

you can offer it to other traders as well, creating a revenue source from your knowledge.

●Disadvantages and considerations

1. Coding is difficult

For beginners, programming can be challenging, and

analyzing EA behavior and errors can take time.

It requires time and effort,

so you need determination.

2. Some tools may incur costs

There are convenient tools to create EAs without coding, but

many are paid.

Subscriptions or purchase fees may apply, so you should consider it as an initial investment.

3. It is not easy to create profitable EAs

There are no EAs that easily generate profits, and

the design of strategies requires extensive testing and refinement.

Repeat backtesting and forward testing to improve the logic’s accuracy.

Creating your own EA is an excellent opportunity to elevate trading skills and automation knowledge.

By experiencing how your strategy can be reproduced in an EA,

you will gain a unique tool not found in commercial EAs.

EA初心者必見！勝利の法則 EA開発者が伝えるFX自動売買の秘訣 ～7～