9/10★ Occasionally I borrow the power of ChatGPT, Episode 150 [If the EA developer were a insurance agent]
FX Automated Trading, the EA developer Reiwa’s Double I.
Since last year, this series has aimed to post every day.
Probably we’ve continued for about a year and a half now!
If you read what I’ve written so far,
I believe you’ll come closer to better EA operation.
And, since I’d like to take a short break,
I’d like to continue posting with the help of ChatGPT.
Occasionally, I will post irregularly, like before.
【If EA Developers Were Insurance Agents】】
There are various types of insurance agents in the world.
For example, a shop like “Hoken no Madoguchi” offers products from multiple insurers and proposes plans suited to customers.
On the other hand, there are shops that can only handle products from one company, like a single-life-insurer’s agency.
The same can be said in the world of EA development
This actually applies directly to EA developers as well.
Single-life-insurer type
→ Developers who are biased toward one genre, such as “only Morning-Scalping EA” or “only Averaging Down EA.”
There is a certain demand, but it’s hard to meet a wide range of needs.
Hoken no Madoguchi type
→ Able to develop EA across various genres such as scalping, day trading, trend following, anomalies, multi-logic, and more.
The strength is being able to propose an optimal EA portfolio tailored to the customer’s funds and risk tolerance.
Reiwa’s Double I is the “Hoken no Madoguchi Type”
While operating as Reiwa’s Double I, I have developed various types of EAs for my own use.
In other words, I am not focused from the start on “one genre of EA,” but a developer that can handle multiple genres like the Hoken no Madoguchi type.
Because FX markets change constantly.
Relying on just one genre of EA will inevitably underperform at some point.
But by combining different genres of EAs, you can achieve stable operation through portfolio effects.
Summary
“Only Morning-Scalping is possible” is the Single-Insurance-Agent type
“Able to make various genres” is the Hoken no Madoguchi type
For EA operation stability, it’s safer to choose a developer of the Hoken no Madoguchi type.
And I want to be a developer of the Hoken no Madoguchi type.
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【From Starting EA to Intermediate Level: Summary of the Process】
First, it’s important to master “how to set up an 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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※GoGoJungle Video Version※
Even at the start, not everything can be understood at once, and some people will stumble more than once.
I too stumbled many times at first, so take your time and you’ll be fine!
If you have questions, use the “Contact Form” available!
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https://www.gogojungle.co.jp/inquiry
【How to Choose an EA】
Now that you think you can operate an EA,
you may wonder, “I can’t tell which EA will win… I don’t want to lose….”
Therefore, Reiwa’s Double I has,
to some extent, articles to help with this 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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While forward testing is important,
backtesting supports it.
Backtest durations are usually longer than forward periods, and
whether you are winning by chance in forward testing can be gauged by mastering backtest evaluation methods.
【How Should I Manage EA Risks?!】
And no matter how excellent an EA you obtain,
FX collapses if you neglect risk management.
how to manage risk?
This is answered in the following article.
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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, to sustain EA operation for a long time, the “EA operation mindset” is also important.
For those articles,
12/30★ Year-end and New Year SP!! EA Full Explanation Course Part 3
https://www.gogojungle.co.jp/finance/navi/articles/80551
8/12【Obon Holiday Special!】 This will make you an EA Master! “EA Operation Mindset”
https://www.gogojungle.co.jp/finance/navi/articles/72829
8/17【Obon Holiday Special!】 This will make you an EA Master! “Notes while Operating EA”
https://www.gogojungle.co.jp/finance/navi/articles/73797
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That said,
the content is quite substantial and important,
so please make sure to go through it even if you don’t understand it right away!
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【Reiwa’s Double I EA Listing】
https://www.gogojungle.co.jp/users/112481/products
Specifically, categorized Reiwa’s Double I EAs by Genre
https://www.gogojungle.co.jp/finance/navi/articles/67162
(Portfolio construction requires genre diversification)
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【Reiwa’s Double I Serialized Articles】
https://www.gogojungle.co.jp/finance/navi/series/1700
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’s Belief】
Develop EAs 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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