Translate the following HTML to English, preserving HTML format, without code blocks or extra line breaks. Decode any standard encoded sequences before translating. Original: 3/19★たまにはChatGPTの力を借ります其の49 Translation: 3/19★Sometimes I borrow the power o - EA Beginner Course - Navi+ - GogoJungle | Auto Trading - Market Analysis

FX Auto Trading, the EA developerReiwa no double-iis.

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

We have probably sustained it for almost a year now!

If you read what has been written so far,

I firmly believe you will come closer to better EA operation.

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

I plan to continue posting with the help of ChatGPT.

Occasionally I will post irregularly, as in the past.

Hello, I’m Reiwa no double-i, an EA developer.

Today,

I will talk about things to watch for when choosing an EA in FX automated trading, and points for how to operate it.

To use an EA effectively, you should not just rely on good performance; you need solid understanding and planning.

1. Do not choose an EA by win rate. Profit and loss is determined by the difference between gains and losses.

Many people think “a high win rate means safety,” but that is a major pitfall.

Even with a high win rate, there are many EAs that end up losing money.

For example,

Even an EA with a 90% win rate can lose all profits if a single losing trade wipes out nine winning trades’ profits.

What matters is the win-loss differential, i.e., the balance between the average winning trade amount and the average losing trade amount.

When choosing an EA, do not judge by simple win rate alone; consider profit-to-loss ratio and drawdown as well.

2. It is important to grasp both “how to recognize an EA” and “risk management.”

The essence of successful EA operation lies in understanding how to recognize an EA and managing risk.

In the EA market, where many logics are not disclosed, it is difficult for operators to understand the inner workings of EAs, but

by carefully checking the backtest and forward test results, and the maximum drawdown and trading frequency,

you can operate in a way that reduces risk.

Risk management is extremely important.

For example, planning how much to set as the initial lot, how much drawdown to tolerate relative to capital,

and so on, is key to achieving long-term profitability.

3. If you started with EA after struggling with discretionary trading, manually closing trades is not good.

A common case is someone who failed with discretionary trading and switches to EA, then manually closes trades during operation.

However, this can yield the same results as unsuccessful discretionary trading.

The purpose of using an EA is to remove emotions and rely on the system.

By manually intervening, you can undermine the EA’s intended operating policy and ultimately enlarge losses.

It is important to rely on the EA and operate properly, not decide with your own feel.

4. EA is not a “golden martingale EA.”

Some people think EA equals gold or martingale EA, but that is a misconception.

In reality, many serious EA operators run major currency pairs like USDJPY or EURUSD rather than martingale strategies.

Martingale EAs may profit temporarily but often cannot withstand large market shifts and carry high risk.

5. Do not think of EA in terms of “monthly interest rate.”

It’s dangerous to be drawn to slogans like “monthly 100%.”

A high monthly return simply indicates it fits the current market environment,

and if market conditions change even a little, it’s highly likely to fail.

Even famous hedge funds are considered excellent if they achieve over 20% annual returns.

Rather than chasing short-term explosive profits, choose an EA that can provide stable long-term profits.

Finally…

EA operation is like a marathon. Rather than aiming for explosive profits in a short period,

I believe aiming for long-term asset growth is the most prudent method of operation.

With the points above in mind, find an EA that suits you and pursue stable asset operation!

Well then!

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【Flow from starting EA to intermediate level】

First, it is important to “master EA installation.”

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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, you may not understand everything at once, and you will stumble, absolutely no doubt about it.

I too stumbled many times at first, so if you proceed without rushing, you’ll be fine!

If you don’t understand something, there is a “contact form,” so 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 think, “I can’t tell which EA will win… I don’t want to lose…”

So Reiwa no double-i has written the following articles to help you determine quality through backtesting.

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■ How to find winning EAs from backtesting

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

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backtesting supports it.

Backtesting periods are usually longer than forward periods, and

whether you happen to win in forward testing can largely be inferred by mastering backtest evaluation methods.

【How should EA risk management be handled?!】

And no matter how excellent an EA is,

FX collapses if risk management is neglected.

Therefore, for EAs,how should risk management be done?

This is answered in the following article.

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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 also matters】

And,to sustain EA operation for a long time, the “EA operation mindset” is also important.

Those articles are,

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12/30 Year-end and New Year SP!! EA Full Overview Course Part 3

https://www.gogojungle.co.jp/finance/navi/articles/80551

8/12 [Obon Holiday Special!] Now you too can master EA! “Mindset for Improving EA Operation”

https://www.gogojungle.co.jp/finance/navi/articles/72829

8/17 [Obon Holiday Special!] Now you too can master EA! “Notes during EA operation”

https://www.gogojungle.co.jp/finance/navi/articles/73797

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So,

the content is quite substantial and quite important,

even if you cannot understand it right away, please make sure to review it!

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【Reiwa no double-i EA Listings】

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

Specifically categorized EA by genre for Reiwa no Double-i

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

(Genre diversification is essential when building a portfolio)

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【List of Reiwa no double-i 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

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

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

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

【Reiwa no double-i’s Belief】