2/1★ Occasionally we borrow the power of ChatGPT, its 11 - EA Beginner Course - Navi+ - GogoJungle | Auto Trading - Market Analysis

FX Auto Trading, the EA developerReiwa's Double-E here.

Since last year, I have been writing this series aiming for daily posts.

I think I’ve continued for almost a year now!

If you read what I’ve written so far,

I’m confident you’ll move closer to better EA operation.

And, since I’d like to take a short break,

I will continue posting with the help of ChatGPT.

Occasionally, I will post irregularly as in the past.

Stop using EAs that announce running or paused status – What is a true EA?

Today, I will discuss important points to avoid when using EA (expert advisor) systems.

In particular, I will delve into the point that “EAs that announce running or paused status should not be used.”

What is an EA in the first place?

First, EA (Expert Advisor) is a program that trades automatically.

Its purpose is to execute trades automatically and generate profit without humans constantly monitoring the market.

In other words, the basic role of an EA is to achieve positive profits with a “hands-off” operation.

However, there are EAs that manually adjust rates, take profit or stop loss, or announce on/off depending on market conditions.

Personally, I don’t consider such EAs to be true EAs.

Are EAs that require manual settings not true EAs?

If an EA, which is supposed to be an automated trading system, requires manual configuration, I think it deviates from the essence of automated trading.

The greatest appeal of an EA is that the trader does not need to constantly monitor the market and it trades automatically.

However, an EA that requires manual setting changes means that, ultimately, profits cannot be earned without human intervention.

For example, an EA that requires announcements like “Please turn off now” when the market suddenly changes does not fulfill the original purpose of automation.

In that case, I believe it has become merely a “discretionary trading aid”.

What are the true conditions for an EA?

I believe a true EA meets the following conditions.

Operate hands-off regardless of market conditions

A true EA should be able to generate long-term profits without the trader constantly intervening.

Even when market conditions change, it should produce stable results.

No manual start/stop required

Since EAs trade based on programmed logic, even in sudden market changes, trading should be automatically controlled by the predefined program.

In other words, an EA that requires the user to manually switch on/off is not true automated trading.

Automatically generate positive returns

Ideally, continued operation without manual intervention should yield long-term net gains.

Of course, losses can occur depending on market conditions, but if the overall design does not yield a net positive, it lacks value as an EA.

EA as a supplementary tool

However, as a supplementary tool for discretionary trading, an EA may have other value.

For example, when it is difficult to time trades manually, using an EA as an aid can improve accuracy.

But in that case, it should be positioned as a tool to assist discretionary trading, not as an EA itself.

If it is a supplementary tool,

selling it as an electronic book or explanatory material rather than as an EA would be a more honest approach for users.

About selling on Gogojan

On Gogojan, the sales commission for EAs is 35%, but electronic books can be sold with about 10%–20% commission.

A discretionary trading auxiliary tool or a tool that requires manual on/off should be sold as an electronic book rather than as an EA, which is more honest for users.

Selling as an electronic book allows detailed explanations of how to use the tool and strategies, helping users utilize the tool correctly.

As a result, the value provided to users becomes more transparent, and they can purchase with accurate expectations.

Summary

EA is originally a self-running trading system designed to profit passively.

An EA that requires manual on/off or manual settings is beyond the scope of automated trading and is merely a supplementary tool for discretionary trading.

If it is such a supplementary tool, providing it through Gogojan as an electronic book rather than as an EA is a more honest approach.

A truly usable EA is a system that yields long-term profits without human intervention.

When choosing an EA, it is important to assess it from this perspective and determine what kind of system it is.

Now, please continue your good trading life!

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【Reiwa's Double-EA Listing】

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

Specifically, categorized EA of Reiwa's Double-E was organized

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

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【Reiwa's Double-EA Series】

■ EA Beginner Course