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FX Auto Trading, the EA developerReiwa’s Double-IEis here.
Since last year, I’ve been writing this series aiming for a daily post.
Probably I’ve managed to continue for about a year now!
If you read what I’ve written so far,
I’m confident you’ll get closer to better EA operations.
And, since I’d like to take a short break,
I’ll continue posting with the help of ChatGPT.
Occasionally, I will post irregularly like before.
FX auto trading, EA developer’s Reiwa’s Double-IE.
This time,about Gogojan’s “Review Feature”I will discuss precautions.
Many people look at Gogojan reviews to judge the quality of an EA, but
you should be aware that these reviews can actually be a source of “misleading impressions.”
Examples where reviews can mislead
For instance, a common type of review says this:
“Capital was halved.”
Such reviews are often posted when an EA performs poorly in the short term, but judging the EA’s merit from this one line alone is very dangerous.
Why is that? Because
whether “capital halved” is due to the EA’s logic
or due to improper risk management cannot be determined from the review alone.
Concretely, consider the following possibilities:
Inadequate risk management:
The operator may have set lots or margin incorrectly, taking excessive risk.
Even if the EA is functioning properly, insufficient capital management can lead to larger losses.
Setting mistakes:
If the EA’s settings were erroneous from the start, it might not produce the expected results.
For example,
In the main EA I developed, unless you set the lots close to margin, the risk of capital halving is low.
However, if you take on too much risk or make a setup mistake, capital can drop significantly.
EA evaluation should not be decided by reviews alone
Of course, user reviews are valuable feedback and understanding users’ operating experiences is important.
However, judging the quality of an EA solely by reviews is dangerous.
Information provided by EA developers (for example, backtests and forward data) is also an important primary source.
Ideally, you should operate after understanding the developer’s perspective, such as design philosophy and intended market conditions.
I strive to avoid biased statements and to explain based on facts, so if you’re struggling with EA operation or risk management, please feel free to ask.
Well then!
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【Summary: Flow from starting an EA to intermediate level】
First, it is important to “master installing the EA.”
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MT4 EA (Expert Advisor), installation procedures for indicators
https://www.gogojungle.co.jp/post/1/8212
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※ Gogojan video version ※
Even at the beginning, it’s not possible to understand everything all at once, and you’ll stumble sometimes.
I also stumbled many times at first, so don’t rush—you’ll be fine!
If you have any questions, use the “Inquiry form”!
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https://www.gogojungle.co.jp/inquiry
【How to choose an EA】
Now that you think you can operate an EA,
you might be thinking, “I don’t know which EA can win… I don’t want to lose…”.
So, Reiwa’s Double-IE has provided enough guidance through backtesting to assess merit to some extent,
and has published the following articles in this series.
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https://www.gogojungle.co.jp/finance/navi/series/1714
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Backtest periods are usually longer than forward periods, and
whether you happened to win in forward testing can be gauged by mastering backtest evaluation methods.
【How should FX risk management be done!?】
And even if you obtain an excellent EA,
if you neglect risk management, FX will fail.
what should risk management be!?
The following article answers this.
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■ About “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 continue operating EAs for a long time, an “EA operation mindset” is also important.
For those articles,
12/30★ Year-end and New Year SP!! EA Comprehensive 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 during EA operation”
https://www.gogojungle.co.jp/finance/navi/articles/73797
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That said,
this content is quite substantial and very important,
so even if you can’t understand it right away, please make sure to read it!
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【Reiwa’s Double-IE EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically categorized EA by genre: Reiwa’s Double-IE
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Diversifying by genre is essential when building a portfolio)
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【List of Reiwa’s Double-IE Series Articles】
■ EA Beginner Course
https://www.gogojungle.co.jp/finance/navi/series/1700
“About the calculation method of EA risk management”
https://www.gogojungle.co.jp/finance/navi/articles/64703
【Portfolio version】About the calculation method of EA risk management
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 EAs from backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
■ No-compromise! Gogojan raises issues!
https://www.gogojungle.co.jp/finance/navi/series/1701
https://www.gogojungle.co.jp/finance/navi/articles/64723
■ Reiwa’s Double-IE “Push Buy/Back Sell Logic” now publicly released!!
https://www.gogojungle.co.jp/finance/navi/articles/65010
https://www.gogojungle.co.jp/finance/navi/series/610
【Reiwa’s Double-IE’s Beliefs】
Develop EAs with a proper approach,
gain the trust of more people,
and maintain a long-lasting WIN-WIN relationship,
aim to revitalize the EA market and raise literacy.
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