4/21★Sometimes I borrow the power of ChatGPT, part 81
FX Automated Trading, EA developerReiwa's Double-e is.
This series has been written with the aim of posting every day since last year.
Probably it has been running for almost a year now!
If you read what I’ve written so far,
you’ll surely come closer to better EA operation, I’m confident.
And, since I’d like to take a short break,
I’ll continue posting with the help of ChatGPT.
From time to time I’ll post irregularly like in the past.
FX automated trading, EA developer—Reiwa’s Double-e.
Today’s topic isPrince Aojiru’s stock trades,
I’ll share thoughts from the perspectives of FX trading and automated trading.
As Prince Aojiru incurred large losses in stock trading,
the risks of margin trading have drawn renewed attention.
However, what can we learn from this case?
First, in simple terms, I think the main cause is insufficient risk management.
No matter how successful a businessperson is,
in trading, risk management can be everything, to say the least.
I understand the stress when facing losses and the tendency to become emotional. However, I feel that a person with influence like Prince Aojiru should avoid saying that leverage is bad; leverage itself isn’t inherently bad—the key is how you use it.
Influential people carry corresponding responsibilities. I think many may misinterpret trading as dangerous because of his remarks. Especially beginners might develop distrust of trading and automated trading.
What I want to emphasize here is that real business and FX trading require completely different skills. Success in business does not automatically translate to success in FX or stock trading. Business focuses on management and leadership, whereas trading requires risk management, analytical ability, and mental resilience.
Also, in the world of FX automated trading, there are many scam-like sales, so you need the ability to discern trustworthy ones. Even someone like Prince Aojiru may not recognize this difference. To choose quality automated trading systems, thorough research, backtesting, and forward testing are indispensable.
Ultimately, this incident with Prince Aojiru reminded us of the importance of strict risk management. In trading, do not be swayed by emotions; make calm decisions based on data and risk management.
I will continue to share information on the merits of proper FX automated trading and its risk management methods.
Well then!
━━━━━━━━━━━━━━━
【Flow from starting EA to intermediate level】
First, mastering “installing the EA” is essential.
--------------------------------------------------------------------
MT4 EA (Expert Advisor) and Indicator installation procedures
https://www.gogojungle.co.jp/post/1/8212
--------------------------------------------------------------------
※GoGoJungle video version※
Even at first, it’s not all understandable at once, and some may stumble.
I also stumbled many times at first, so don’t rush—you’ll be fine!
If you have questions, there is a “Contact form,” so please use it!
----------------------------------
https://www.gogojungle.co.jp/inquiry
【How to choose an EA】
Now that you feel you can operate an EA,
you’ll think, “I don’t know which EA will win… I don’t want to lose….”
So Reiwa’s Double-ei has
provided a way to gauge the general quality through backtesting,
in the following articles in a series.
--------------------------------
https://www.gogojungle.co.jp/finance/navi/series/1714
----------------------------------
backtesting provides the backing for it.
Backtest periods are usually longer than forward periods, and
whether you happened to win 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 is,
FX collapses if risk management is neglected.
what should risk management be?!
This article answers that.
----------------------------------
■“EA risk management calculation methods”
https://www.gogojungle.co.jp/finance/navi/articles/64703
----------------------------------
【EA operation mindset is also important】
And, to continue EA operation for a long time, the “EA operation mindset” is important.
Regarding those articles,
----------------------------------
12/30 Year-end and New Year SP!! EA All-understanding Course 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" edition
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17【Obon holiday special!】 Now you too can master EA! “Notes while operating EA” edition
https://www.gogojungle.co.jp/finance/navi/articles/73797
----------------------------------
That’s the gist,
it’s quite substantial and important content,
even if you don’t understand it right away, please make sure to read through!
━━━━━━━━━━━━━━━
【Reiwa’s Double-ei EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically, categorized EA from Reiwa’s Double-ei
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Diversification by genre is essential when forming a portfolio)
【Reiwa’s Double-ei Series Articles】
■EA Beginner Course
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
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-ei’s Beliefs】
Develop EA by proper methods,
and seek the support of many people,
to maintain a long-lasting WIN-WIN relationship,
aiming to energize the EA market and improve literacy.
━━━━━━━━━━━━━━━
