The translated HTML content is: 4/19★Sometimes I borrow ChatGPT's power, issue 79
FX Auto Trading, the EA developerReiwa's Double-E.
This series has been written with the aim of posting every day since last year.
Probably it has continued for almost a year now!
If you read what I have written so far,
I believe you will come closer to better EA operation.
And, since I’d like to take a short break for a bit,
I will continue posting with the help of ChatGPT.
Occasionally, I will post irregularly as before.
FX automated trading, EA developer, Reiwa’s Double-E.
Today's title is as follows.
“Tips for Spotting Deceptive Products in EA”
In short, the very important thing is to have “backtest results published”.
Backtesting is conducted to confirm the superiority of the logic created by the EA developer.
Through backtesting, we check whether the performance can rise in various market environments and chart patterns.
In other words, “the EA is developed based on backtest results”.
Without this, the quality of the EA or the forward performance becomes unclear in terms of “what was the basis for development?”
Therefore,you should be suspicious of EAs without backtest results.
Now, there is a common deceptive sales tactic in the market called “profit screenshot hype.”
This is called “stoking gambling desires.”
Especially when regular income from work is tight and there is a strong wish to earn money as a side job,
they are often drawn to the lure of “easily and simply making money.”
In such circumstances,the hype from “profit screenshots” attracts attention,
and as a result, one may end up purchasing deceptive products and lose valuable funds.
However!
Most of these items that sell solely with “profit screenshots” are only performance from a very short past period.
They are just a history of a moment that happened to work by chance and do not prove long-term stable profitability.
Whether this EA will adapt to future market changes is completely unknown.
Therefore,at the very least, if it doesn’t have backtesting, it cannot be expected to win in the future.
In FX automated trading and EA, it’s easy to be drawn to “forward performance” and “profit bursts.”
But it is crucial to confirm that there is backtesting data to support it.
EA without backtest results should be questioned, and even if it yielded profits, those profits are highly uncertain to continue in the future.
When choosing an EA, pay attention to these points and choose carefully.
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■How to find profitable EAs from backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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Well then!
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【From starting an EA to intermediate steps—flow summary】
First, mastering how to install the EA is essential.
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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 start, not everything can be understood at once, and some may stumble.
I also stumbled many times at first, so don’t worry and go at your own pace!
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, when you think you can operate an EA,
you might think, “I don’t know which EA will win… I don’t want to lose…”
Therefore, Reiwa’s Double-E provides
“somewhat” clarity through backtests to determine if it is decent or not,
and the following articles were serialized.
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■How to find a winning EA from backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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backtesting underpins it.
Backtesting duration is usually longer than forward testing,
whether you win in forward is partly inferred from the backtest methodology,
and with a solid backtest method you can estimate it to some extent.
【How should EA risk management be done?!】
And no matter how excellent an EA seems,
if you neglect risk management, FX will collapse.
Therefore for EA,what is the proper risk management?
A related article 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,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 Special!! EA Full Understanding Course Part 3
https://www.gogojungle.co.jp/finance/navi/articles/80551
8/12【Obon Holiday Special!】Now you too can master EA! “Mindset for Improving EA Operation”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17【Obon Holiday Special!】Now you too can master EA! “Notes during EA operation”
https://www.gogojungle.co.jp/finance/navi/articles/73797
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With that said,
the content is substantial and quite important, so
even if you cannot understand it immediately, 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, categorizing Reiwa's Double-E EA by genre
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-E serialized articles】
■EA Beginner Course
https://www.gogojungle.co.jp/finance/navi/series/1700
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About “How to calculate EA risk management”
https://www.gogojungle.co.jp/finance/navi/articles/64703
【Reiwa's Double-E's Philosophy】
Develop EA by legitimate methods,
gain the trust of more people,
and maintain a long-term WIN-WIN relationship,
with the aim of revitalizing the EA market and improving literacy.
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