7/25★Sometimes I borrow the power of ChatGPT, Episode 135

FX Auto Trading, the EA developer Reiwa’s double-i-e.

Since last year I have been writing this series aimed at daily posts.

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

If you read what I’ve written so far,

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

And now I’d like to take a short break,

but I plan to continue posting with the help of ChatGPT.

Occasionally I will post irregularly, similar to previous posts.

【Beware of EA made only to sell!】 What really is an EA for operation?

FX automated trading, Reiwa’s double-i-e as a developer.

This time I’ll go a bit deeper and discuss

“EA made only for selling”
“EA made to truly operate it yourself”

I’d like to explain the difference between these two.

■ My EA development starts from “operating it myself”

In the first place, I was a discretionary trader in FX.
From there, the thought, “If I could automate this discretionary logic, it would be easier…”,
I started by coding my own trade methods into an EA.

In other words, for me an EA is not
a product to sell, but
a tool to truly win with my own trading.

That’s why,
・ EA that cannot win in real trading is meaningless
・ I have pursued trustworthy logic to put my assets at stake
as an approach to development, and now I have the EA lineup.

■ Portfolioing is also “for oneself”

Also, the reason I develop various types of EAs is not because they seem marketable.

It’s because I need diversification and balance in my own operations.

・Diversification across currency pairs
・Diversification across timeframes
・Diversification across logic styles (trend following, mean reversion, scalping, etc.)

As I’ve pursued such portfolio design for myself, the EA offerings you see now have resulted.

■ Running on real account is “natural”

Of course, I run my own self-made EAs on a real account,
and I also publish the results.

However, I believe this is not enough yet.

Because――

Even if it’s running on a real account,
manual stops before economic indicators,
and if only I can adjust it discretionarily,
it cannot be considered entirely objective data.

■ Another data source: forward testing by the selling company

Nowadays there is an official forward testing (demo account) conducted by the sales platform.

Since developers cannot touch this, it is fair and objective.
However, in many cases it is a demo account, so it does not always match real behavior.

■ Both results having small differences is crucial

Therefore, the most ideal EA is—

An EA that the developer himself runs in real trading

An EA whose performance matches in the official demo forward test

This “both data exist and have little difference” is a
중요한 판단 기준 for customers to choose a trustworthy EA.

■ Note: Characteristics of EA that are only for selling

Finally, I’ll also share the characteristics of EA made only to sell.

The developer does not operate it themselves

Backtest period is either very short or not disclosed

Only posting screenshots of enormous profits to attract customers

Running on multiple demo accounts indiscriminately → only the best results are published

Using overseas IB to earn compensation based on customers’ losses

Such EAs often have a structure that causes the buyer to incur losses.

■ Summary

EA is ultimately a tool for customers to use in asset management.
It is essential that the developer truly operates it themselves,
and that the platform’s forward testing shows similar results.

EA that does not meet these two points should not be chosen in the first place. I believe this.

I hope this article helps a little in choosing an EA!

Well then!

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【Flow from starting with an EA to intermediate level】

First, mastering how to install the EA is important.

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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 you may not understand everything at once, and some people will struggle, absolutely.

I also struggled many times at first, so take it slowly and you’ll be fine!

If something is unclear, there is an “inquiry form” you can use!

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

【How to choose EA】

Now that you feel you can operate an EA,

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

Therefore, in Reiwa’s Double-I,

to some extent you can determine quality via “backtesting”,

I’ve written the following articles in a series.

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■ How to find winning EAs from backtests

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

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backtests support it.

Backtest periods are usually longer than forward testing,

whether you can conclude “the forward wins by chance” depends on mastering backtest evaluation.

【How should FX risk management be done!?】

And even if you obtain a superb EA, if you neglect “risk management,” FX will fail.

So for EAs, how to manage risk?

This article answers that.

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■ About “EA risk management calculation”

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

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【EA operation mindset is also important】

And, to sustain EA operation long-term, the “EA operation mindset” is also important.

For those articles,

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12/30★ Year-end Special!! All-in-One EA 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 to improve 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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That’s how it is,

the content is quite substantial and important, so

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

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【Reiwa’s Double-I-E EA Listing】

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

Specifically categorized EA by genre for Reiwa’s Double-I-E

https://www.gogojungle.co.jp/finance/navi/articles/67162

( Genre diversification is essential when building a portfolio )

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【Reiwa’s Double-I-E Series】

■ EA Beginner Course

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

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

Portfolio version: About how to calculate 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

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

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

■ Reiwa’s Double-I-E: Publish of “Buy the dip / Sell the rally” logic unlocked!!

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

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

【Reiwa’s Double-I-E’s Belief】

Develop EA with integrity,

and gain more support from more people,

while maintaining a lasting WIN-WIN relationship,

aim to revitalize the EA market and raise literacy.

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【Beware of EA made only to sell!】 What really is an EA for operation?

FX automated trading, Reiwa’s double-i-e as a developer. This time I’ll go a bit deeper and discuss “EA made only for selling”“EA made to truly operate it yourself” I’d like to explain the difference between these two.

■ My EA development starts from “operating it myself”

■ Portfolioing is also “for oneself”

■ Running on real account is “natural”

■ Another data source: forward testing by the selling company

Nowadays there is an official forward testing (demo account) conducted by the sales platform. Since developers cannot touch this, it is fair and objective. However, in many cases it is a demo account, so it does not always match real behavior.

■ Both results having small differences is crucial

Therefore, the most ideal EA is— An EA that the developer himself runs in real trading An EA whose performance matches in the official demo forward test This “both data exist and have little difference” is a 중요한 판단 기준 for customers to choose a trustworthy EA.

■ Note: Characteristics of EA that are only for selling

■ Summary

FX automated trading, Reiwa’s double-i-e as a developer.

This time I’ll go a bit deeper and discuss

“EA made only for selling”
“EA made to truly operate it yourself”

I’d like to explain the difference between these two.

Nowadays there is an official forward testing (demo account) conducted by the sales platform.

Since developers cannot touch this, it is fair and objective.
However, in many cases it is a demo account, so it does not always match real behavior.

Therefore, the most ideal EA is—

An EA that the developer himself runs in real trading

An EA whose performance matches in the official demo forward test

This “both data exist and have little difference” is a
중요한 판단 기준 for customers to choose a trustworthy EA.