4/25★Sometimes I borrow the power of ChatGPT, its 85
FX Automated Trading, the EA developerReiwa’s Double-E.
This ongoing series has been written with the goal 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,
you’ll surely move closer to better EA operation, I claim.
Also, there are times when I want to take a short break,
so I will continue posting with the help of ChatGPT.
Occasionally I will post irregularly, as before.
I am the Reiwa’s Double-E, the EA developer.
This time I’ll discuss something a bit strict,
and share an important point.
That is,“People who only study will not succeed.”This is a fact.
For example, there are many who succeed in business or at work regardless of whether they are junior high, high school, or college graduates.
The reason is that obtaining knowledge through study is not the goal.
What matters greatly is how you use that knowledge and how you translate it into practice.
The importance of knowledge becoming wisdom
I’m a graduate of a March-equivalent university, so I can understand some difficult topics, but
sometimes I meet people who “spell out difficult words but don’t convey what they really want to say.”
Those people are satisfied with using hard terms and fail to connect it to practice.
Also, my palm line is a Masakane line, which means I have a trait that unifies intellect and emotion to judge things.
Therefore, it’s not enough to superficially understand knowledge;
I feel I can quickly discern how it will be useful in real life and how it will translate into action.
It’s important to translate knowledge into a usable level, and that is“knowledge becoming wisdom.”.
In other words, it’s not enough to simply study and cram knowledge; how you apply that knowledge is the key to success.
The same can be said for FX
This is also true in FX.
There are hedge funds like LTCM, where Nobel laureates gathered, that were driven to collapse.
On the other hand, many successful FX traders and EA operators have no academic credentials or titles.
**“Getting knowledge about FX is not the goal.”**
What matters is getting knowledge and then applying it in actual trading, learning from failures to move toward success.
Knowing difficult terms or theories without being able to apply them in practice is meaningless.
The key is a mindset shift
Saying “FX cannot win without knowledge” is actually a lie.
The important thing is to break free from trapped thinking.
If you think “you won’t win without education or knowledge,” you may lose the path to victory.
Without an educational complex, grow what you can do,
and stacking those efforts will pave the way to success.
FX’s appeal is that everyone has a chance.
No special credentials or degree required.
What matters is how you connect your knowledge and experience to practice and how you utilize it.
With this mindset shift, let’s continue aiming for better asset management!
Well then!
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【Flow from starting EA to intermediate level】
First, it is important to “master installing EAs.”
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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※
Even at first, not everything can be understood at once, and some people will struggle.
I also stumbled many times at first, so don’t rush, you’ll be fine!
If you don’t understand something, 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 EA】
Now that you think you can operate an EA,
you’ll wonder, “I can’t tell which EA will win… I don’t want to lose…”
So Reiwa’s Double-E uses “backtesting” to gauge roughly good/bad,
and has serialized the following articles.
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■ How to find winning EA from backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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A forward test is important, but
the backing is backtesting.
Backtesting durations are usually longer than forward periods,
whether you win by chance in forward testing
can be estimated to some extent by mastering backtest evaluation methods.
【How should FX risk management be done!?】
And no matter how excellent an EA you obtain,
if you neglect risk management, FX will collapse.
Therefore in the case of EA, how should risk management be done?
The following article addresses this question.
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■ About the calculation method of 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 in the long term, “EA operation mindset” is also important.
Those articles are,
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12/30★ Year-end and New Year SP!! EA Clear-cut Course Part 3
https://www.gogojungle.co.jp/finance/navi/articles/80551
8/12【Obon Holiday Special!】Now you too can be an EA Master! “EA Operation Mindset”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17【Obon Holiday Special!】Now you too can be an EA Master! “Notes while operating EA”
https://www.gogojungle.co.jp/finance/navi/articles/73797
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So,
the readings are substantial and quite important,
even if you can’t understand them right away, please make sure to go through them!
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【Reiwa’s Double-E EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically, I categorized Reiwa’s Double-E EAs by genre
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Portfolio diversification by genre is essential)
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【List of Reiwa’s Double-E serialized articles】
https://www.gogojungle.co.jp/finance/navi/series/1700
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About the calculation method for EA risk management
https://www.gogojungle.co.jp/finance/navi/articles/64703
【Portfolio edition】About the calculation method for EA risk management
https://www.gogojungle.co.jp/finance/navi/articles/65978
Tips for spotting fraudulent products (in the case of EA)
https://www.gogojungle.co.jp/finance/navi/articles/64738
Where to check first when you don’t understand something about EA
https://www.gogojungle.co.jp/finance/navi/articles/65619
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■ How to find winning EA from backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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■ No sugarcoating! Gogojungle raises the issue!
https://www.gogojungle.co.jp/finance/navi/series/1701
Where is Gogojungle’s inquiry form?
https://www.gogojungle.co.jp/finance/navi/articles/64723
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■ Reiwa’s Double-E “Buy on dips and sell on rallies” logic has been revealed!
https://www.gogojungle.co.jp/finance/navi/articles/65010
■ Double-E FX rambling talks
https://www.gogojungle.co.jp/finance/navi/series/610
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【Reiwa’s Double-E Beliefs】
Develop EA through proper methods,
to gain the trust of more people,
preserve a long-term WIN-WIN relationship,
and aim to activate the FX market and improve literacy.
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