The translation (keeping HTML format) with standard decoding applied is: 3/14★Sometimes I borrow the power of ChatGPT, Episode 44
FX Auto Trading, an EA developer'sRyōwa's Double E is.
This series has been written daily since last year, aiming for daily posts.
I think we have probably continued for nearly a year now!
If you read what I’ve written so far,
I’m confident you’ll come closer to better EA operation.
And, since I’d like to take a short break,
I will continue posting this time by borrowing the power of ChatGPT.
Occasionally, I will post irregularly, as I have done up to now.
Habits of EA developers and the importance of a portfolio
Hello, I’m Ryōwa’s Double E, an EA developer.
Today, I’d like to talk about “likes and dislikes” and the habits in EA development.
Human preferences are unavoidable
Humans each have their own inherent **likes and dislikes**.
There are things one cannot physiologically tolerate, an undeniable fact.
For example, almost everyone has foods they dislike and want to avoid as much as possible.
However, there is value in thinking beyond likes and dislikes.
The importance of understanding even what you dislike
It’s okay to still dislike it, but it’s important to “understand” that something wonderful is wonderful.
Even if you don’t agree, understanding that it has value or meaning for others or for yourself may be crucial in future life or business.
This is a principle that also applies to EA operation.
EA developers have a habit of building logic
EA developers have a “habit of creating logic.”
For example, they may love the RSI indicator and use it in almost every EA they build.
Relying on favorite methods or indicators tends to produce many EAs with similar logic.
In my case,
I try to eliminate that habit as much as possible and develop EAs with different logics across various currency pairs and timeframes,
but not all developers can create such a diversified range of EAs. This depends on aptitude and the developer’s strengths.
Parallel between portfolio risk and health management
Therefore, as a user, you should be careful not to buy only EAs from your favorite developers and pile them into your portfolio.
At a glance, operating EAs from the same developer might increase the chance of profits at the same time, but
in contrast, it also increases the risk of suffering large losses at the same time.
This is similar to eating an unbalanced diet.
For example, loving meat and eating meat at the same restaurant repeatedly can harm your health.
Likewise, a skewed EA portfolio can lead to insufficient risk diversification and large losses in certain market environments.
Strategies to avoid bias
Even if you dislike vegetables, it’s important for your health to incorporate vegetables.
Supplements are an option, but balancing is necessary for health.
In the same way, balance is required in EA operation.
Even if you’re biased toward your favorite developer’s EAs,
adding EAs from different developers to your portfolio is a crucial step to diversify risk.
Summary
“Likes and dislikes” are unavoidable for humans.
However, in investing and EA operation, relying only on what you like may concentrate risk.
Therefore, sometimes including EAs you dislike or different logic types is important to maintain portfolio balance and diversify risk.
Please take this opportunity to review your EA operation and aim to build a balanced portfolio!
With that, please continue to have a good trading life!
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【From “Want to start EA!” to Intermediate】
First, mastering the installation of the EA is essential.
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MT4 EA (Expert Advisor) and Indicator Installation Procedures
https://www.gogojungle.co.jp/post/1/8212
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※GoGoJungle video version※
Even at first, it’s not possible to understand everything all at once, and some may stumble.
I also stumbled many times at the beginning, so don’t rush, it will be okay!
If you have any questions, use the “Contact form”!
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https://www.gogojungle.co.jp/inquiry
【How to choose an EA】
Now that you feel you can operate an EA,
you may think, “I don’t know which EA will win… I don’t want to lose…”.
Therefore, Ryōwa’s Double E has published articles so that you can assess with backtests to some extent.
The following series of articles were written.
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https://www.gogojungle.co.jp/finance/navi/series/1714
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but backtesting underpins it.
Backtest duration is usually longer than forward duration, and
whether you happened to win in forward testing can be inferred by mastering backtest evaluation methods.
【How should FX risk management be done!?】
And no matter how excellent an EA you obtain,
FX collapses if risk management is neglected.
So for EAs, how should risk management be done?
The following article answers this.
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■ About calculating EA risk management
https://www.gogojungle.co.jp/finance/navi/articles/64703
【EA operation mindset is also important】
And,
Those articles are,
12/30★ Year-end and New Year SP!! Full EA course 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! “Notes during EA operation”
https://www.gogojungle.co.jp/finance/navi/articles/73797
That said,
the content is quite substantial and very important,
even if you can’t understand it immediately, please make sure to read it!
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【Ryōwa’s Double E EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically, categorizing Ryōwa’s Double E EA by genre
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Genre diversification is essential when building a portfolio)
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【Ryōwa’s Double E Series Articles】
https://www.gogojungle.co.jp/finance/navi/series/1700
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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
Where to check first when you don’t understand something about EA
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
Ryōwa’s Double E “Push-buy pull-back logic” now公開!!
https://www.gogojungle.co.jp/finance/navi/articles/65010
https://www.gogojungle.co.jp/finance/navi/series/610
【Ryōwa’s Double E’s Beliefs】
Develop EA by straight-forward methods,
and appeal to more people,
maintain a long-term WIN-WIN relationship,
to revitalize the EA market and raise literacy.
