4/18★Sometimes I borrow the power of ChatGPT, number 78
FX Auto Trading, EA developerReiwa’s double I.
This series has been written aiming for daily posts since last year.
I think we’ve almost reached a full year of continuation!
If you read what I’ve written so far,
I firmly believe you’ll come closer to better EA management.
And, since I’d like to take a short break as well,
I’d like to continue posting with the help of ChatGPT's power.
Occasionally, I will post irregularly like previous posts.
FX auto trading, EA developer, Reiwa’s Double I.
Today we will discuss“The ideal of both discretionary trading and EA operation”.
I myself come from a discretionary trading background,
so I believe there’s no point in a binary question like “which is better, FX auto trading or discretionary trading?”
Because each has its own strengths and weaknesses, and the ideal is to use them appropriately according to market conditions and one’s lifestyle.
For example, there are times when discretionary trading is doing well and times when EA operation is doing well.
If you master both, when both perform well you can optimally shift funds between them.
Specifically, you withdraw funds from the better-performing method, reduce the lot size, and move funds to the other to increase the lot size. This way, if one underperforms, the other can recover, thereby achieving risk diversification.
Both discretionary trading and EA operation experience ups and downs, and market conditions often change.
There are times when each method functions well, so having the skill to use both ultimately leads to optimal risk diversification.
For example, when you are trading on a timeframe where EA excels, discretionary trading may take the opposite position.
This can be cases where EA trades short-term while discretionary takes a longer-term view.
This is also part of risk diversification.
In discretionary trading, it’s important to understand the method, review whether the current market suits it by looking at charts,
and decide entries while considering factors such as anomalies.
If you find a perfect entry point, you can enter discretionary trading with confidence, and
if your discretion is unstable, you can leave it to the EA.
In short, using both appropriately is part of a better investment style.
Please experiment with methods suited to each.
Now!
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【Flow from starting an EA to intermediate level】
First, mastering the installation of an EA is essential.
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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 won’t understand everything at once, and you may stumble too many times.*
I also stumbled many times at the beginning, so don’t rush—you’ll be fine!
If there is something you don’t understand, use the “Inquiry form”!
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https://www.gogojungle.co.jp/inquiry
【How to choose EA】
Now that you think you can operate an EA,
you may worry, “I can’t tell which EA will win… I don’t want to lose…”
So Reiwa’s Double I will provide guidance on how to judge using
“backtesting” to some extent.
We’ve published the following articles in a series.
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■How to find a winning EA from backtesting
https://www.gogojungle.co.jp/finance/navi/series/1714
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but backtesting supports it.
Backtesting duration is usually longer than the forward period, and
whether you just got lucky in forward testing can be inferred by mastering backtest evaluation methods.
【How should EA risk management be handled?!】
And no matter how excellent an EA you obtain,
FX will collapse if you neglect risk management.
So with EA,how should you manage risk?
Those questions are 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 also important】
And, to sustain EA operation long-term, the “EA operation mindset” is also important.
Regarding those articles,
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12/30★ Year-end and New Year SP!! All About EA Part 3
https://www.gogojungle.co.jp/finance/navi/articles/80551
8/12【Obon holiday special】Now you too can master EA! “EA operation mindset”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17【Obon holiday special】Now you too can master EA! “Attention while operating EA”
https://www.gogojungle.co.jp/finance/navi/articles/73797
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That being said,
the content is quite substantial and important, so even if you can’t understand it right away, please make sure to read it!
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【Reiwa’s Double I-EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically, categorized EA by genre for Reiwa’s Double I
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Diversification by genre is essential when building a portfolio)
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【Reiwa’s 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
■How to find a winning EA from backtesting
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 I’s beliefs】
Develop EA through proper methods,
and be loved by many people,
maintain a long-term WIN-WIN relationship,
aim to revitalize the EA market and improve literacy.
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