3/6★Sometimes I borrow the power of ChatGPT, its 36
FX Auto Trading, EA developerReiwa’s Double-E.
This series has been written with the aim of posting every day since last year.
We’ve probably managed to keep it going for about a year!
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 plan to continue posting with the help of ChatGPT.
Occasionally, I will post irregularly as in the past.
Seeing the Truth in the FX Industry – How to Receive Information and Tips for Choosing Products
Hello, I’m Reiwa’s Double-E, an EA developer.
The FX industry is bustling with people across many media, and information is overflowing.
Therefore, discerning what is true and which information is trustworthy can be quite difficult.
The Importance of Not Receiving Information Passively
First, it’s essential to actively absorb information rather than passively receive it.
In other words, don’t take others’ words at face value; think for yourself and develop your own way of operating.
This is also true for FX automated trading.
“Too Serious Information Is Boring?”
Indeed, serious talks or technical explanations can feel unpleasant or difficult to understand.
Therefore, it’s natural to jump at ideas that seem easy to make money.
However, if you truly want success, you must carefully evaluate the contents and logic of the product.
Rather than leaping at pleasant-sounding stories, cultivate the ability to judge high-quality information and the essence of products.
“Glaringly flashy ads” – Are They Evil?
Now, for sellers, attracting attention is indispensable.
If you don’t attract attention, even a great product won’t be known.
Therefore, it’s understandable to present ads with maximum impact or a bit flashy promotion.
Of course, that doesn’t automatically make them all disreputable.
Just because an ad is flashy doesn’t mean the product is a scam, in my honest view.
Rather, there are cases where flashy advertising obscures a solid product.
The Contents of a Product Are Different from Its Advertising – It’s Important to Discern
The most important thing is the ability to discern the essence of the product.
Even if the advertisement style is flashy,
if you calmly evaluate the actual quality of the product,
you won’t be swayed by the flashy parts of the ads.
This way of thinking is universal across industries.
Companies are not non-profit; they must make profits to survive.
Therefore, even if the product contents are good, it’s natural to devise promotional methods to attract attention.
However, it’s important to understand that flashy ads do not always mean the product is low quality.
Information Dissemination for Choosing the Right Product
What I always keep in mind is to disseminate truly trustworthy information.
In the FX industry there are both disreputable products and truly valuable ones.
To help users choose correctly,
I consider it my role to share how to discern products and which ones are trustworthy.
Especially about which products are fraudulent and which are genuine,
I want to convey this frankly for the entire industry’s benefit.
I believe that increasing information transparency will contribute to the development of the FX industry as a whole.
Summary
The FX industry is filled with various advertisements and information.
Rather than being swayed by flashy ads, cultivate the ability to accurately discern the contents of a product, which is the shortcut to success.
It’s common for companies to run flashy ads to pursue profits, but
don’t judge a product based solely on that; calmly evaluate its quality.
From now on,
I will continue to share correct information and how to choose products,
and I want to create an environment where you can operate with confidence.
Please find your own operating style and enjoy asset management.
With that, please continue to have a good trading life!
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【Flow from ‘Want to Start EA!’ to Intermediate Level】
First, it’s important to master “installing EA.”
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MT4 EA (Expert Advisor) and Indicator Installation Steps
https://www.gogojungle.co.jp/post/1/8212
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※GoGoJungle Video Version※
Even at first, you may not understand everything at once, and you’ll inevitably stumble.
I also stumbled many times at first, so don’t rush—it’ll be okay!
If you have questions, there is a “Contact Form,” so please use it!
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■ GoGoJungle “Contact Form”
https://www.gogojungle.co.jp/inquiry
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【How to Choose an EA】
Now that you’re ready to operate an EA,
you might be thinking, “I don’t know which EA will win… I don’t want to lose…”.
So I, Reiwa’s Double-E, have published the following articles to help with backtesting to gauge quality.
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■ How to find winning EAs from backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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Forward testing is important, but
backtesting underpins it.
Backtesting durations are usually longer than forward periods, and
whether you happen to win in forward testing can be inferred by mastering backtest evaluation.
【How to manage EA risk?!】
And no matter how excellent an EA is,
neglecting risk management leads to ruin in FX.
Therefore, for EAs, how should risk management be done?
The following articles answer that.
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■ “How to calculate EA risk management”
https://www.gogojungle.co.jp/finance/navi/articles/64703
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【EA Operation Mindset Is Important】
And, to sustain EA operation over the long term, the “EA operation mindset” is also important.
Regarding those articles,
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12/30★ Year-end and New Year SP!! All about EA Part 3
https://www.gogojungle.co.jp/finance/navi/articles/80551
8/12 [Obon holiday special!], Now you too can become an EA Master! “EA Operation Mindset”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17 [Obon holiday special!], Now you too can become an EA Master! “Precautions during EA Operation”
https://www.gogojungle.co.jp/finance/navi/articles/73797
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That said,
the content is quite substantial and very important,
so even if you can’t understand it right away, please make sure to skim it!
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【List of Reiwa’s Double-E EA Offerings】
https://www.gogojungle.co.jp/users/112481/products
Specifically categorized EA offerings by Reiwa’s Double-E
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Portfolio diversification by genre is essential)
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【Reiwa’s Double-E Series Articles】
■ EA Beginner Course
https://www.gogojungle.co.jp/finance/navi/series/1700
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“About calculating EA risk management”
https://www.gogojungle.co.jp/finance/navi/articles/64703
【Portfolio Version】About calculating EA risk management
https://www.gogojungle.co.jp/finance/navi/articles/65978
Tips for easily spotting disreputable products (in the case of EAs)
https://www.gogojungle.co.jp/finance/navi/articles/64738
Where to first check when you don’t understand something about EAs
https://www.gogojungle.co.jp/finance/navi/articles/65619
■ How to find winning EAs from backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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■ Unreserved! GoGoJungle Raises Issues!
https://www.gogojungle.co.jp/finance/navi/series/1701
Where is GoGoJungle’s inquiry form?
https://www.gogojungle.co.jp/finance/navi/articles/64723
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■Reiwa’s Double-E “Push-buy/Pull-sell Logic” Now Public
https://www.gogojungle.co.jp/finance/navi/articles/65010
■Double-E FX Chat
https://www.gogojungle.co.jp/finance/navi/series/610
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【Reiwa’s Double-E’s Beliefs】
Develop EA with proper methods,
gain the trust of more people,
and maintain a long-lasting WIN-WIN relationship,
aiming to vitalize the EA market and improve literacy.
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