DAY 1: Introduction — Discretion and EA are not in opposition but merging together
Nice to meet you.
Thank you for your interest in this series “Beyond Discretion — Reaching the Essence of Trading with EAs.”
In the previous installment “60 Days to Systemize Your Investment,” you likely built a foundation in trading basics, risk management, and mental control, among other multi-faceted learning opportunities.
In trading, there are moments where the judgment and experience unique to discretionary trading shine, yet there are also challenges that make it difficult to maintain proper trades due to impatience or anxiety.
Therefore, by considering the introduction of an EA (Expert Advisor), you might be able to view the market more objectively and efficiently. Some of you may worry that an EA means handing everything over to a machine. However, this does not mean we are denying discretionary trading;there are many parts where experience in discretionary trading can be leveraged.
Discretionary trading and EA are not in opposition
Discretionary trading has the strength of allowing you to judge the market with your own eyes and control entry and exit timings, but it is always accompanied by mental and time constraints.
On the other hand, an EA is not swayed by human doubts or emotions and can execute trades calmly according to a set logic. If the logic yields stable backtest results, using an EA may help suppress risk and provide a sense of stability that discretionary trading alone could not achieve.
In this way,discretionary trading and EA complement each other.
Goal and content of the series
This series assumes you already possess knowledge and experience in discretionary trading, and will cover
-
Benefits of EAs and risk management
-
How to read backtests and forward tests
-
Use of Quant Analyzer indicators
-
Portfolio management by combining multiple EAs
-
How to distinguish good EAs from bad ones
-
Mental considerations unique to EAs
and structure them so you can calmly study them day by day.
While keeping in mind the knowledge learned in the “60 Days to Systemize” course, each theme will be explored more practically and practically. Ultimately, you will be able to blend discretionary trading and EAs flexibly and gain hints to establish your own stable operating model.
Today's summary and next episode teaser
-
Discretionary trading and EAs are not mutually exclusive,but rather complement each other to make use of their respective strengths.
-
The trading skills and money-management concepts you have learned so far will form a solid base to further strengthen EA operation
-
In short, a daily one-theme approach will sequentially explain specialized topics
Next time (DAY 2), we will deliver on the theme **“Limitations of discretionary trading and the complement provided by EAs.”** Revisit the unique doubts and mental load of discretionary trading and consider how it can be complemented by EA.
Introduction to the EAs I sell
If you are interested, please take a look at the EAs I sell.
https://www.gogojungle.co.jp/users/147322/products
By integrating discretionary trading with EA operation, you may see a different landscape. Please try expanding your expectations of how it could be operated.
In the next article, we will dive even deeper into more practical content.
Press “Read more” to continue learning together.
