Once in a while I borrow the power of ChatGPT, Part 73
FX Auto Trading, EA developersReiwa’s Double-E here.
This series has been written with the aim 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,
I believe you’ll move closer to better EA operation.
And since I’d like to take a short break,
I will continue posting by leveraging the power of ChatGPT.
From time to time, I will post irregularly like before.
FX Auto Trading, EA developer’s Reiwa’s Double-E.
Today, following yesterday, about “differences in trades between accounts,”
I was asked to create a disclaimer (waiver) text to be posted on the EA sales page.
【Important】About Trading Differences Due to FX Accounts and Communication Environment (Disclaimer)
When using this EA,
please understand that trading results can differ depending on your FX account and communication environment.
The EA’s behavior is affected by various factors such as the broker used, server communication speed, spreads, and slippage.
Therefore, even if you use the same EA as others, entry timing and fill prices may differ.
This is not a system defect; it is an inevitable factor of FX trading’s characteristics.
1. Differences in delivery rates by FX account
Since each FX company provides different delivery rates, even with the same EA, entry and settlement timing may vary across accounts.
Differences in spreads and liquidity can cause gains or losses to differ even for the same trade.
The presence or absence of external fees and other account types can also cause differences in trade results.
2. Impact of communication environment and VPS
The EA’s operation depends on the environment where MT4/MT5 runs (PC, VPS) and the quality of the communication environment.
Lag and server response speed differences can cause misalignment in entry and settlement timing.
If your Internet environment is unstable, slippage and EA improper operation may occur.
3. Disclaimer about trading differences
We take no responsibility for trade differences arising from differences in delivery rates by FX accounts or the different communication environments.
Please operate at your own judgment and responsibility, understanding that EA performance can vary depending on FX accounts and network conditions.
We cannot offer refunds or returns due to trade slippage or discrepancies.
4. Pre-operation testing recommended
When using this EA, please thoroughly test on a demo account and consider operating on an account that suits your environment.
Consider the differences in spreads and price execution power among FX brokers, and operate in the most suitable environment.
By purchasing this EA, you are understood and agreeing to the above contents.
Please understand that due to FX trading characteristics, individual differences in fill prices and trade results may occur.
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【From Beginner to Intermediate: Flow Summary for Starting the EA】
First, mastering the installation of the EA is essential.
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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 may stumble. Many will. So don’t rush!
If you have questions, there is a contact form, so use it!
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https://www.gogojungle.co.jp/inquiry
【How to Choose an EA】
Now that you feel you can operate an EA,
you might think, “I don’t know which EA will win… I don’t want to lose…”.
So Reiwa’s Double-E gives some guidance through the following series of articles.
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https://www.gogojungle.co.jp/finance/navi/series/1714
【How should EA risk management be done?!】
And even with a highly capable EA,
FX will collapse if risk management is neglected.
So for EA, the question is“How to manage risk!?”
The following article answers this question.
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■ About the Calculation Method for EA Risk Management
https://www.gogojungle.co.jp/finance/navi/articles/64703
【EA Operation Mindset Is Important】
And for enduring EA operation long-term, the “EA operation mindset” is also important.
Regarding those articles,
12/30 Year-end and New Year SP!! EA Completely Clear Course Part 3
https://www.gogojungle.co.jp/finance/navi/articles/80551
8/12【Obon Holiday Special!】 Now You Are an EA Master! “EA Operation Mindset”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17【Obon Holiday Special!】 Now You Are an EA Master! “Notes on EA Operation”
https://www.gogojungle.co.jp/finance/navi/articles/73797
So,
the reading is substantial and quite important,
so even if you don’t understand it right away, be sure to read through!
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【Reiwa’s Double-E EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically categorized EA by genre for Reiwa’s Double-E
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Diversifying genres is essential for building a portfolio)
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【List of Reiwa’s Double-E Series Articles】
https://www.gogojungle.co.jp/finance/navi/series/1700
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 EA 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 Beliefs】
Develop EA by legitimate methods,
gain trust from more people,
and sustain a long-term WIN-WIN relationship while revitalizing the EA market and improving literacy.
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