English translation (keeping original HTML format, single line, decoding applied): 9/5★ Sometimes I borrow the power of ChatGPT: its 145【Key points of mental techniques in EA operation】
FX Auto Trading, the EA developer Reiwa's Double-E.
This series has been written with the aim of posting every day since last year.
Probably we have continued for about a year and a half now!
If you read what I have written so far,
you’ll surely move closer to better EA operation, I’m confident.
And, since I want to take a short break,
I will continue posting by borrowing the power of ChatGPT.
Occasionally, I will post irregularly as I have done before.
【Mental Techniques in EA Operation】
FX automated trading and EA development—Reiwa's Double-E here.
Discretionary trading and EA operation have fundamentally different stances
In discretionary trading, your judgment and calmness are key, but in EA operation, the selection of the logic and money management take the lead. Operators should oversee the EA as a supervisor.
The results are almost determined by “how you choose and manage risk”
If mental aspects influence outcomes, it’s because the premise is solid or not. The ability to choose and manage based on knowledge and numbers will make a difference in performance.
A willingness to believe in the “black box” is necessary
The EA logic is designed so that no one understands it; operating under that assumption and “believing and using it” is expected of EA operators.
Emotional interventions (handling, etc.) do more harm than good
EA is designed to trade automatically according to rules. Bringing in human discretion or emotions reduces performance and negatively affects mindset.
Don’t be swayed by short-term results
Rather than being driven by unexplained ups and downs, as an operator you should understand “why” it happened and continue the strategy with a long-term perspective.
Don’t be fooled by the fantasy of daily or monthly profits
An EA that consistently makes profit every day or month is not the right approach. The market is always changing, so evaluate stability over the long term.
To keep winning with EA operation, on top of how you choose and money management, a
mentality to trust and continue using the EA is essential.
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【From Starting EA to Intermediate Level: Flow Summary】
First, it is important to master “how to install 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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※ゴゴジャン Video Version ※
Even at the start, not everything can be understood at once, and some may stumble.
I also stumbled many times at first, so take your time and 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 think you can operate an EA,
you might think, “I don’t know which EA will win… I don’t want to incur losses…”
Therefore, Reiwa's Double-E has published articles so you can gauge the quality to some extent through
“backtesting.”
The following articles were serialized for this purpose.
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■ How to find winning EAs from Backtests
https://www.gogojungle.co.jp/finance/navi/series/1714
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backtesting underpins it.
Usually the backtest period is longer than the forward period,
and whether you happen to win in forward testing can be inferred to some extent by mastering backtest evaluation methods.
【How should EA risk management be done?!】
And no matter how excellent an EA seems to be obtained,
if you neglect risk management, FX will collapse.
Therefore in EA, how to manage risk?
The following article answers this question.
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■ About “Calculation Method for EA Risk Management”
https://www.gogojungle.co.jp/finance/navi/articles/64703
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【EA Operation Mindset Is Important】
And to sustain EA operation long-term, the “EA operation mindset” is also important.
For articles on these topics,
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12/30★ Year-end and New Year Special!! EA Complete 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,
this is a substantial and quite important read,
even if you don’t understand it immediately, please make sure to read it!
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【Reiwa's Double-E EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically categorized EA by genre for Reiwa's Double-E
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Genre diversification is essential when building a portfolio)
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【List of Serialized Articles by Reiwa's Double-E】
■ EA Beginner’s Course
https://www.gogojungle.co.jp/finance/navi/series/1700
https://www.gogojungle.co.jp/finance/navi/articles/64703
【Portfolio Version】 Calculation Method for 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
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
https://www.gogojungle.co.jp/finance/navi/articles/65010
https://www.gogojungle.co.jp/finance/navi/series/610
【Reiwa's Double-E's Beliefs】
Develop EA with proper methods,
gain the love of more people,
and maintain a long-term WIN-WIN relationship,
aiming to revitalize the EA market and improve literacy.
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