From time to time I borrow the power of ChatGPT, number 67★
FX Auto Trading, the EA developerReiwa double-e here.
This series has been written with the goal of posting every day since last year.
Probably we have continued for almost a year now!
If you read what has been written so far,
I am confident you will come closer to better EA operation.
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 post as before, irregularly.
FX auto trading, an EA developer of the Reiwa double-e.
Today, I’d like to talk about the length of promotional videos and things beginners should watch out for.
Beware of long promotional videos
Especially for beginners or those with little FX experience,
long promotional videos may seem at first glance to be “careful and easy to understand.”
However, the longer they are, the more points there are to be careful about.
Because beginners lack sufficient knowledge and experience,
it is difficult to objectively understand the overall content through a lengthy video.
In particular, younger people may be more swayed by the atmosphere or impression at the moment.
What is really being conveyed?
When watching a long video, one tends to feel, “This person is amazing” or “I could make money from this.”
However, what is truly important is to objectively understand what the video is trying to convey.
If you can have a solid basis for how to use this EA, that is evidence that your understanding has progressed.
But if not, just getting a vague impression of “looks impressive” and jumping in will lead to trouble later.
Beware of subjective bias
Everyone tends to perceive things subjectively.
Especially for beginners not well-versed in information, they may interpret things in a favorable way or misunderstand.
In the worst case, you may mistakenly think someone said something they did not.
Therefore, if you feel you don’t understand even a little, do not push forward; pause cautiously.
The vague feeling of “somehow amazing” is proof that you have not yet understood, so
take time to investigate further or ask questions to deepen your understanding.
Finally
Because long promotional videos require careful viewing.
If you jump in when your understanding is insufficient, you will end up taking on risk.
It is important to operate with a solid basis on how to choose an EA and how to manage risk.
We have explained this in detail in other articles, so please also read those articles.
That’s all for now!
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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), Installation Procedures for Indicators
https://www.gogojungle.co.jp/post/1/8212
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※GoGoJungle Video Version※
Even at the beginning, not everything can be understood at once, and some may stumble.
I too stumbled many times at first, so don’t rush—you’ll be fine!
If you have questions, please use the “Inquiry Form.”
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https://www.gogojungle.co.jp/inquiry
【How to Choose an EA】
Now that you think you can operate an EA!
You may wonder, “I can’t tell which EA will win… I don’t want to lose…”.
So, Reiwa no double-e is
to enable roughly judging via backtests,
we have serialized the following articles.
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■ How to Find Winning EAs from Backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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Forward testing is important,
but backtesting underpins it.
Backtest periods are usually longer than forward periods, and
whether you happened to win in forward testing can be inferred to some extent by mastering backtest evaluation methods.
【How should EA risk management be done?!】
And no matter how excellent an EA may seem,
if you neglect risk management, FX will fall apart.
Therefore in the case of EAs,How should risk management be done?
The following articles answer this.
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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 for a long time, the “EA operation mindset” is also important.
For those articles,
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12/30 Year-End and New Year SP!! EA Full Understanding Course Part 3
https://www.gogojungle.co.jp/finance/navi/articles/80551
8/12 [Obon Holiday Special]! You too can become an EA Master! “EA Operation Mindset”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17 [Obon Holiday Special]! 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 quite substantial and important, so
even if you cannot understand it immediately, please make sure to read it!
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【Reiwa no double-e EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically classified Reiwa no 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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【List of Reiwa no Double-e’s 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
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-e’s Beliefs】
Develop EA by sound methods,
so that more people will support us,
and maintain a long-term WIN-WIN relationship,
aiming to energize the EA market and raise literacy.
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