Every once in a while I borrow ChatGPT’s power 122 - EA Beginner Course - Navi+ - GogoJungle | Auto Trading - Market Analysis

FX automated trading, the EA developer's Reiwa Double-E.

This series has been written aiming for daily posts since last year.

I think I’ve managed to continue for around a year now!

If you read what I’ve written so far,

I’m confident you’ll come closer to better EA operation.

Also, there are times when I want to take a short break,

So I’d like to continue posting with the help of ChatGPT.

Occasionally, I will post irregularly as in the past.

On the Importance of Risk Management

FX automated trading, Reiwa Double-E, the EA developer.

In my case, I clearly state the risk management calculation method on each EA’s product page.

This is an important element in EA operation and I believe it is the responsibility of an EA developer.

What about other developers’ risk management announcements?

On the other hand, some EA products from other developers do not include specific details about risk management.

Such developers may not be able to calculate risk management or may lack actual operating experience.

For beginners, it’s often hard to know what lot size to set relative to their funds.

Developers who cannot provide such guidelines cannot be considered to be at a high level of EA development.

EA without risk management is dangerous

If risk management is lacking, the following risks can occur:

Taking excessive risk

Setting bets that are too large for the funds and being unable to withstand market fluctuations.

Increased likelihood of bankruptcy

Even a long-term profitable EA can go bankrupt in a short period without proper risk settings.

Beginners cannot operate appropriately

Without clear guidelines, beginners will have difficulty finding proper risk settings.

The responsibility of EA developers

EA developers should thoroughly do the following:

Explicitly state risk management

List the risk management calculation method on the product page in an easy-to-understand way for beginners.

Provide clear answers to questions

When there are questions, give polite, reasoned explanations.

Support in growing assets

It’s important to provide support for users to grow their assets, not just hand over the EA.

Points when choosing an EA

The key to successful EA operation is “how to choose” and “risk management.”

When selecting an EA, please check the following:

Is there risk management described on the product page?

Will the developer answer questions carefully?

Are they proposing operations based on risk management?

Finally

EA operation gains value through proper risk management.

Starting operation without understanding risk management is unfortunate for both users and developers.

The purpose of obtaining an EA is to grow assets.

To achieve that purpose, I believe providing careful explanations including risk management is the proper role of a genuine EA developer.

Well then!

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【Summary: From Getting Started with EAs to Intermediate】

First, it is important to master installing the EA.

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MT4 EA (Expert Advisor) and Indicator Installation Procedures

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 surely stumble.

I also stumbled many times at the beginning, so don’t rush—it’ll be okay!

If you don’t understand something, there is a “Contact form” so please use it!

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https://www.gogojungle.co.jp/inquiry

【How to choose EA】

Now that you feel you can operate an EA,

you may worry, “I don’t know which EA will win... I don’t want to lose...”

So, Reiwa no double-i will

provide enough information to determine roughly via backtesting,

in the following series of articles.

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https://www.gogojungle.co.jp/finance/navi/series/1714

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the backing is backtests.

Usually the backtest period is longer than the forward period, and

whether you happen to win in forward testing can be inferred by mastering backtest evaluation methods.

【How should EA risk management be done!?】

And no matter how excellent an EA you obtain,

if you neglect risk management, FX will fail.

Therefore, in the case of EA, how should risk management be done?

The article answering that is below.

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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 continue EA operation long-term, the “EA operation mindset” is also important.

About those articles,

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12/30 Year-end and New Year SP!! EA Fully Explained 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! “Mindset for Improving EA Operation”

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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So,

the content is substantial and quite important,

even if you can’t understand it right away, please be sure to read it!

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【Reiwa no Double-E EA Listing】

https://www.gogojungle.co.jp/users/112481/products

Specifically, I categorized Reiwa no 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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【Series articles of Reiwa no Double-E】

■ EA Beginner Course

https://www.gogojungle.co.jp/finance/navi/series/1700

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About “The Calculation Method of EA Risk Management”

https://www.gogojungle.co.jp/finance/navi/articles/64703

【Portfolio Edition】About The Calculation Method of EA Risk Management

https://www.gogojungle.co.jp/finance/navi/articles/65978

Easy tips to spot scams (in the case of EAs)

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

■ How to find a winning EA from backtests

https://www.gogojungle.co.jp/finance/navi/series/1714

■ No sugar-coating! GoGoJungle raises issues!

https://www.gogojungle.co.jp/finance/navi/series/1701

https://www.gogojungle.co.jp/finance/navi/articles/64723

■ Reiwa no Double-E: Release of the “Push-Pull Buy and Return Sell” logic!!

https://www.gogojungle.co.jp/finance/navi/articles/65010

https://www.gogojungle.co.jp/finance/navi/series/610

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【Reiwa no Double-E’s Beliefs】

Develop EA by proper methods,

to gain more people’s trust,

and maintain a Win-Win relationship for a long time,

to revitalize the EA market and improve literacy.

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