4/3★ Sometimes I borrow the power of ChatGPT, part 63
FX Automated Trading, EA developerReiwa’s Double-E.
This series has been written with the goal of posting every day since last year.
I think I’ve managed to continue for almost a year now!
If you read what I’ve written so far,
you’ll surely move closer to better EA operation, I’m confident.
And, because I’d like to take a short break,
I’ll continue posting by leveraging the power of ChatGPT.
Occasionally I’ll post irregularly as I’ve done before.
FX automated trading, the EA developer, Reiwa’s Double-E.
Today,**“Awareness to avoid repeating the same mistakes”**I’d like to talk about it.
Lesson from my corporate days: “Never repeat a mistake twice”
What I engraved in my mind during my corporate days was,
that is **“make sure you never repeat mistakes twice”**.
To prevent mistakes, it’s not enough to simply reflect; you must think clearly about how to avoid repeating the same error and take concrete measures.
However, with FX discretionary trading, I repeatedly made the same mistakes
The reason was that I couldn’t suppress the desire to earn more.
The purpose of FX is, of course, to increase assets.
That’s why the longing to earn more grew too strong, preventing calm judgment and leading to repeated failures.
The difficulty of controlling desire
This may be similar to love; when one’s feelings become unilateral and too strong, things don’t go well.
FX is the same: if only desire leads, you’ll be driven by the market.
Finding a good balance through such psychology is extremely important in trading as well.
However, this is quite difficult. Relying too much on EA can dull your senses, and you may feel its influence when trading discretionary trades.
Management difficulties and trading share a common ground
When I was a section chief in the corporate era and had to manage people, I faced similar difficulties.
If the work is something like data input, preventing mistakes is easier, but
with management, because there are others involved, things don’t always go as planned.
FX trading is the same: since there is the market as an opponent, simply relying on desire won’t work.
Therefore, creating a balance with your own psychology leads to improved trading skills.
Trading is a psychological battle. By balancing desire and calm,
let’s face trading with awareness to avoid repeating the same mistakes in the future as well.
So, let’s go!
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【Flow from Starting an EA to Intermediate】
First, mastering “installing 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※
Even at the start, not everything can be understood at once, and many people will stumble.
I also stumbled many times at first, so go slowly and you’ll be fine!
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 feel you can operate an EA,
you’ll think, “I can’t tell which EA will win… I don’t want to incur losses….”
So Reiwa’s Double-E has written articles to help with this through
“backtesting” to gauge prospects.
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■ How to find winning EAs from backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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but backtesting backs it up.
Backtesting durations are typically longer than forward periods,
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,
if you neglect risk management, FX will collapse.
So for EA,how should risk management be done?
An article answering this is below.
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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 Also Important】
And, for long-term continuation of EA operation, the “EA operation mindset” is also important.
These articles are,
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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 be an EA Master! “EA Operation Improvement Mindset”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17 [Obon Holiday Special!] Now you too can be 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,
even if you can’t understand it right away, please make sure to review it!
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【Reiwa’s Double-E EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically categorized Reiwa’s Double-E EAs by genre
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Genre diversification is essential when building a portfolio)
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【List of Reiwa’s Double-E Series】
■ 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
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
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https://www.gogojungle.co.jp/finance/navi/series/1714
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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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https://www.gogojungle.co.jp/finance/navi/articles/65010
■ Double-E FX Musings
https://www.gogojungle.co.jp/finance/navi/series/610
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【Reiwa’s Double-E’s Beliefs】
Develop EA by a straightforward approach,
gain more support from more people,
maintain a long-term WIN-WIN relationship,
and aim to revitalize the EA market and raise literacy.
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