3/24★ Sometimes I borrow the power of ChatGPT, its 54
FX Auto Trading, the EA developerReiwa's Double-Ehere.
This series has been written aiming for a daily post since last year.
We’ve probably been able to continue for about a year now!
If you read what I have written so far,
you’ll surely be closer to better EA operation, I’m confident.
And, since I’d like to take a short break,
I will continue posting with the help of ChatGPT.
From time to time, I will irregularly post like before.
Hello, FX auto trading, EA developer Reiwa's Double-E here.
Today, I would like to talk about “How to Think About EA Operation,” by likening it to a fast-food restaurant slogan.
In fast-food places like hamburger or gyudon (beef bowl) shops, you often hear the slogan
“Cheap, fast, delicious.”
We naturally feel attracted when these three qualities come together.
However, if you apply this directly to EA operation, there is a risk of large failures.
1. Cheap
The price of an EA isn’t simply “the cheaper, the better.”
Sure, there are free EAs, but thinking “low price equals good EA” is dangerous.
Choosing an EA by price alone can prevent a proper assessment of its quality and performance.
EA should be chosen with emphasis on performance and risk management rather than price.
Rather than buying because it’s cheap, you should determine whether that EA can profit stably over a long period.
2. Fast
You may understand the desire to earn quickly.
But EAs automatically decide trading timing and enter only when entry conditions are met.
Wanting quick profits and having inflated expectations is dangerous.
It’s common that there are no entries right after starting operation.
EA doesn’t win simply by rushing to enter.
EA operation takes time, and rushing to results can lead to big risks.
3. Delicious (want to earn a lot)
I understand the desire to earn a lot.
However, if that urge leads to ignoring proper risk management and trading with excessive lots,
the operation that should be profitable may fail.
EA should be viewed from a long-term perspective.
Rather than taking excessive risks to earn big, it’s important to maintain proper risk management.
EA is Not Fast Food
From these points, EA operation is not like cheap, fast, delicious fast food.
EA operation should be approached patiently.
For an analogy, EA operation is like buying a “dream home.”
Take your time to choose, operate with a long-term perspective, and gradually increase your assets.
By doing so, I believe your quality of life (QOL) will improve as a result.
Finally
In EA operation, it’s important to make correct choices with a long-term view, not with “cheap, fast, delicious.”
As a stance, please work steadily and without rushing.
Now, let’s continue aiming for good EA operation!
See you!
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【Flow from starting EA to intermediate level】
First, it is important to master “installing the 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※
At first, you may not understand everything at once, and some people will stumble quite a bit.
I too stumbled many times at first, so take it easy and you’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 able to operate an EA,
you’ll think, “I can’t tell which EA will win… I don’t want to lose…”
So Reiwa's Double-E provides, through backtesting, a way to assess likely success or failure to some extent,
and the following articles were serialized for that purpose.
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■ How to Find Winning EAs from Backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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the backing is backtesting.
Usually the backtest period is longer than the forward period,
and whether you win by coincidence in the forward test can, to some extent, be inferred by mastering backtest evaluation methods.
【How should EA risk management be done!?】
And no matter how excellent an EA is,
FX collapses if risk management is neglected.
So for EA, 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 is Important】
And, to sustain EA operation long-term, the “EA operation mindset” is also important.
For those articles,
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12/30★ Year-end and New Year SP!! EA Full Explanation 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! “Mindset to Improve EA Operation”
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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So,
The content is substantial and quite important,
so even if you can’t understand it immediately, please make sure to read it!
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【Reiwa's Double-E EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically categorized EA listings for Reiwa's Double-E
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Diversification across genres 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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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
■How to Find Winning EAs from Backtests
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's Double-E's Philosophy】
Develop EA using a solid method,
gain the support of more people,
maintain a long-lasting WIN-WIN relationship,
and promote activity in the EA market and literacy.
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