9/6★ Occasionally I borrow the power of ChatGPT, this is 146【What you should know before starting EA operation: “Questioning ability” and “Comprehension ability”】
FX automated trading, the EA developer’s Reiwa’s Double I-E.
This series, which started aiming for daily posts since last year.
I think I’ve continued it for about a year and a half now!
If you read what I’ve written so far,
you’ll surely come closer to better EA management, I’m confident.
And, since I’d like to take a short break,
I’d like to continue posting by borrowing the power of ChatGPT.
Occasionally, I will post irregularly just like before.
【What to Know Before Starting EA Management: “Questioning Skill” and “Understanding”】】
Recently, we received very high-quality questions from someone using an EA for the first time.
What makes this amazing is that the questions went beyond just “how to use it” and delved into the EA’s mechanism and development philosophy.
The questions we received ranged widely: parameter settings differences, reasons for stop-loss width, whether manual settlement is possible, maximum number of positions, and more.
These kinds of questions are not about using EA as a “black box”; they’re the first steps to understand the system and use it properly.
“Scalping EA’s core principle is small losses, big gains”
What’s particularly important in this exchange is understanding the profit-and-loss structure of scalping EAs.
Scalping generally has the nature of “steady small profits, occasional big losses.”
This is not a flaw; it stems from a design philosophy that aims for a high win rate to achieve overall profitability.
Why the loss-cut width (SL) is larger than the profit width (TP) is to cope with various market environments.
And by not fixing TP or SL and letting a technical logic determine settlements flexibly, the EA aims for an upward-trending equity curve.
What is needed to draw out the EA’s “performance”
Whether compounding is used: Designed so you can correctly recognize balance and usable margin.
Impact of manual intervention: Even if you settle based on a temporary judgment, you may re-enter if conditions are met.
Maximum number of positions: Each EA has a cap; knowing it stabilizes money management.
Here, the important point is the idea that EA is best used with minimal interference.
Emotions and discretion can easily impair performance and may negatively affect long-term profitability.
Questions are the best tools to raise EA literacy
As in this case, it’s very important to not leave doubts unresolved but to confront them one by one.
EA is a black box in some respects, but the attitude of trying to understand its structure and characteristics leads to differences in performance.
And above all, openly interacting with developers or providers helps you continue operations with trust and peace of mind.
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【From starting EA to the intermediate level: Summary of the flow】
First, mastering the installation of the EA is crucial.
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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 many people will stumble.
I also stumbled many times at the beginning, so don’t rush—you’ll be fine!
If you don’t understand something, there is a “Contact form,” so 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 ready to manage an EA!
Do you think, “I can’t tell which EA will win… I don’t want to lose…?”
So, Reiwa’s Double I-E has published articles that help you gauge good from bad via backtesting.
You can read the following articles.
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■ How to find winning EAs from backtest
https://www.gogojungle.co.jp/finance/navi/series/1714
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Forward testing is important, but backtesting underpins it.
In most cases, the backtest period is longer than the forward period, and
whether you just happened to win in forward testing can be inferred to some extent by mastering backtesting evaluation methods.
【How should EA risk management be done!?】
And no matter how excellent an EA appears,
if you neglect risk management, FX will fail.
Therefore in the EA case, how should risk management be done?
The following article answers that.
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■ “How to calculate EA risk management”
https://www.gogojungle.co.jp/finance/navi/articles/64703
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【EA operation mindset is also important】
And, for long-term continuation of EA operation, an “EA operation mindset” is also important.
For those articles,
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12/30★ Year-end and New Year SP!! EA Complete Guide 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 Management”
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 management”
https://www.gogojungle.co.jp/finance/navi/articles/73797
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So,
the content is quite substantial and very important,
even if you can’t understand it right away, please make sure to read it!
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【Reiwa’s Double I-E EA Listings】
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
(Diversifying by genre is essential when building a portfolio)
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【Reiwa’s Double I-E Serialized Articles】
■ EA Beginner Course
https://www.gogojungle.co.jp/finance/navi/series/1700
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About “How to calculate EA risk management”
https://www.gogojungle.co.jp/finance/navi/articles/64703
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 I-E’s Philosophy】
Develop EA with a straightforward approach,
serve more people,
and maintain a long-term WIN-WIN relationship,
aim to revitalize the EA market and raise literacy.
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