3/15★Sometimes I borrow the power of ChatGPT, part 45

 FX Automated Trading, EA developerReiwa’s Double-E here.

This series has been written with the aim of posting every day since last year.

Probably we’ve continued for almost one year now!

If you read what I have written so far,

I believe you will get closer to better EA operation.

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

I’ll continue posting with the help of ChatGPT.

Occasionally I’ll post irregularly, as before.

“The market will not come as textbook”

Hello, I’m Reiwa’s Double-E, EA developer.

Today, I’d like to share my thoughts on the essence of discretionary trading and EA trading.

Trading styles are diverse

In the world of investing, there are discretionary traders and EA traders.

And their investment styles are truly varied.

Every trader, if possible, wants to imitate successful methods to succeed,

or study chart patterns and beat the market.

For example, learning typical chart patterns like “hedge & shoulder,”

and trying to trade by textbook patterns is a natural flow for traders.

However, no matter how much you learn or imitate, results often don’t meet expectations.

The market that follows textbook patterns will never come

Why doesn’t it go well?

It’s simple.

Because “the market as textbook will not come.”That’s why.

No matter how much you master chart patterns and perform textbook technical analysis,

the market is always changing and has many uncertainties, so it rarely moves textbook-style.

This is the same as work or love.

No matter how much theory or knowledge you cram, reality won’t follow the textbook.

That’s why to succeed, you need something beyond the textbook.

Successful people do not necessarily know “technical”

There are people who can win without knowing technical analysis or advanced methods.

They may not use special tools or the latest techniques, but they have a knack for surviving.

Like survivors who can endure on a desert island.

They know the basics of “survival,” so they can cope with any situation even without advanced skills or tools.

Even though modern society is incredibly convenient, the number of truly happy people isn’t necessarily increasing, and this is the same.

Relying too much on convenient tools can cause you to lose essential “survival power” and fundamental sense, which may lead to failure.

What is the essence in FX?

In the world of FX, there are ever-advancing handy signal tools and automated trading systems, but the number of profitable people isn’t increasing.

Why is that?

Because, in the end, we are “too reliant on tools and techniques.”

Tools are convenient, but if you rely on them too much, you lose sight of the essential nature of the market.

To succeed, fundamental skills and senses for surviving are important.

The path to success

Understanding this background and developing your own investment style and sense within a market that doesn’t move textbook-style

is the path I believe leads to success.

Knowledge and technical analysis are important, but not enough by themselves.

You need the ability to sense the market flow and respond flexibly.

And while skillfully using tools and techniques, you should also refine your fundamental sense; I believe this leads to ultimate success.

Please also cultivate the power to feel the essence of the market, not just knowledge.

That will be a big step toward winning consistently in FX.

Now, please continue to have a good trading life!

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【Flow from starting EA to intermediate level】

First, mastering the installation of the EA is important.

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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※

At first you won’t understand everything at once, and you’ll stumble, even many people do.

I also stumbled many times in the beginning, so don’t rush—you’ll be okay!

If you don’t understand something, there is a “Contact form,” so please use it!

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https://www.gogojungle.co.jp/inquiry

【How to choose an EA】

Now that you think you can run an EA,

you might think, “I don’t know which EA will win… I don’t want to lose…”

So, Reiwa’s Double-E has published articles to help with this via “backtests.”

The following articles were serialized.

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

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and backing tests generally have a longer period than forward testing,

whether you happen to win in forward testing depends on how well you evaluate backtests.

【How should FX risk management be done!?】

And no matter how excellent an EA you obtain, if you neglect “risk management,” FX will fail.

So for EAs,

What is the risk management for EAs?

The following article answers that.

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■ “How to calculate EA risk management”

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

【EA operation mindset is also important】

And

For those articles,

12/30★ Year-end and New Year SP!! All-in 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

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the content is substantial and quite important,

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【Reiwa’s Double-E EA Listing】

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

Specifically categorized Reiwa’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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【Reiwa’s Double-E serialized articles】

■ EA Beginner Course

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

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Regarding “How to calculate EA risk management”

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

Portfolio version: How to calculate EA risk management

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

Tips to spot fake products (in the case of EAs)

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

Where to check first when you don’t understand something about an EA

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

■No sugar-coating! GoGoJungle raises questions

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

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

■Reiwa’s Double-E: “Buy the dip / Sell the rebound” now openly released!!

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

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

【Reiwa’s Double-E’s faith】

Develop EA with integrity,

and earn the trust of more people,

maintaining a long-lasting WIN-WIN relationship,

aiming to revitalize the EA market and improve literacy.

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