8/15★【Obon holiday planning!】【Thorough EA operation mindset】
FX Automated Trading, the EA developer Reiwa’s Double-Eye.
From 8/11 for ten days,
【Bon festival holiday企画！】 is titled,
I hope to be of help toward better EA operation!
【Thorough EA Operation Mindset】
We’ve mastered how to choose an EA,
and mastered EA-specific risk management as well,
but there are times when you still can’t win.
Some win and some lose,
What makes one EA different from another, even if they are the same?
※From here, ChatGPT summarized this section.
【Mental techniques in EA operation】
※ Discretionary trading and EA operation have fundamentally different stances
In discretionary trading, your own judgment and calmness are key, but in EA operation the main roles are logic selection and capital management. The operator should watch over the EA as a "supervisor."
※ The performance is almost determined by “how you choose and manage” the EA
If differences in mental approach affect results, it’s because the premises are different. Knowledge and numerics-based selecting and managing ability create differences in performance.
※ You need to be willing to trust the “black box”
The EA’s logic is designed in a way that no one can understand, but based on that assumption you are expected to “believe and use” as an EA operator.
※ Emotions (handling, etc.) cause more harm than good
EA is designed to trade automatically according to rules. Injecting human discretion or emotions lowers performance and negatively affects mental state.
※ Don’t get elated or discouraged by short-term results
Instead of being swung by unexplained good or bad phases, as the operator, understand “why it happened” and continue the strategy with a long-term perspective.
※ Don’t be misled by daily or monthly profit fantasies
EA that makes steady daily or monthly profits is not the right approach. The market changes constantly, assess long-term stability.
※ To continue winning in EA operation, on top of choosing and capital management,
the “mental” to trust and keep using the EA is indispensable.
※ The links to past posts are listed below as well. Please refer to them.
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【Flow from starting 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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※ GoGoJungle video version
Even at first, it isn’t possible to understand everything at once, and some people will trip up.
I also tripped many times at first, so don’t rush—you’ll be fine!
If you have questions, 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 an EA】
Now that you’re able to operate an EA,
you might think, “Which EA will win? I don’t want to lose….”
Therefore, Reiwa’s Double-Eye has published the following articles so you can judge by backtesting to some extent.
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https://www.gogojungle.co.jp/finance/navi/series/1714
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Usually the backtest period is longer than the forward period, and
whether you just happened to win in forward testing can be inferred by mastering backtest evaluation methods.
【How to manage EA risk!?】
And no matter how excellent an EA is,
if you neglect risk management, FX will collapse.
So for EA, how should risk management be done?
This is answered in the following article.
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■ About calculating 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 for the long term, the “EA operation mindset” is also important.
Those articles are,
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12/30★ Year-end and New Year SP!! All-about-EA course Part 3
https://www.gogojungle.co.jp/finance/navi/articles/80551
8/12【Bon holiday Special!】Now you too can master EA! “Mindset for improving EA operation”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17【Bon holiday Special!】Now you too can master EA! “Notes during EA operation”
https://www.gogojungle.co.jp/finance/navi/articles/73797
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That’s the gist,
it’s substantial content, so even if you don’t understand it right away, please make sure to read it!
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【Reiwa’s Double-Eye EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically categorized EA of Reiwa’s Double-Eye
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Diversification by category is essential when building a portfolio)
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【Reiwa’s Double-Eye serialized articles】
https://www.gogojungle.co.jp/finance/navi/series/1700
https://www.gogojungle.co.jp/finance/navi/articles/64703
【Reiwa’s Double-Eye’s Principles】
