【Automatic Trading】 Thorough explanation of what to expect when using EAs with Fintokei.

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• I want to know what to expect when making EA trades with Fintokei
• What do I need to do to make EA trades?

We will solve the above problems!

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This article is called “A thorough explanation of what to expect when using EA in Fintokei.

• Points to keep in mind when trading EAs with Fintokei
• What is required to actually run an EA?

Prop firms are an increasingly popular form of trading and offer unique opportunities for traders, and Fintokei was the first prop firm to enter the Japanese market, and as of 2024 is the single largest prop firm in the Japanese market.

However, few people still understand how prop firms work and what makes Fintokei unique.

In this article, we will explain the basic concepts of prop farms and explore in detail the features of Fintokei and how to get started. By doing so, we aim to help you get started with your trading activities through Fintokei.

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Fintokei is one of the prop farms that has been gaining a lot of attention in recent years.

Many traders are using this platform to take the first step toward becoming professional traders. Some of them may be considering the use of EAs (automated trading) to generate stable profits.

However, there are specific precautions when using EAs. In this article, we will provide you with important information about futrading with Fintokei and tips on how to be successful.

First of all, as it turns out, it is possible to use EAs on Fintokei. However, there are some restrictions: in order to maintain fairness and a healthy trading environment, Fintokei prohibits the use of certain trading techniques and EAs.

The main prohibited trading methods are

• Martingale and aggressive price averaging
• Tick scalping of less than 15 seconds
• Latency arbitrage
• Arbitrage in both directions across multiple accounts

Please note that EAs containing these methods cannot be used.

a) Limitations on martingale and price averaging

The use of EAs that include martingale or excessive price averaging is prohibited at Fintokei. This is due to the possibility of a sharp increase in risk. However, the same number of trades with the same price range interval is permitted within certain limits.

When using EAs, it is recommended to use the Martingale Calculator provided by Fintokei to check beforehand that your trades do not violate the rules.

b) Limitations on Scalping

Ultra-short term trades (scalping) of less than 15 seconds are prohibited. When using EAs, please ensure that positions are held for at least 15 seconds.

c) Maximum daily loss rule

Fintokei's Challenge and Introductory plans will disqualify traders if their maximum daily loss exceeds 5% of their margin. To comply with this rule, it is important that the EA incorporates a daily loss limit function. When using a commercially available EA, consider using a separate risk management tool.

In theory, it is possible to become a professional trader in Fintokei using only EA. However, in practice, the difficulty level is quite high and it can take a great deal of time to pass the test.

To meet Fintokei's evaluation criteria (8% profit target in STEP 1, 5% daily/ 10% overall loss limit), you need a high winning rate and proper risk management.

Many successful cases use a hybrid approach that combines discretionary trading and EAs rather than fully automated. For example, the following approach would be effective

Let the EA handle the daytime and trade discretionary at night

• Manually make the initial entry and then leave the subsequent no-pinning and closing to the EA
• Adding your own customization based on a commercially available EA
• Also, if you are able to pass the professional level, I think it would be effective to use EAs for fully automated trading. If you can operate it properly, it will complete your unearned income.

From the above points

• The idea that you can “easily” become a professional trader by using an EA is not realistic.
• Rather, EAs should be considered as a tool to supplement discretionary trading.

The author recommends using EAs with this in mind.

While it is basically possible to use EAs in Fintokei, there are some restrictions, so be sure not to conflict with Fintokei's own regulations.

• Martingale method and aggressive price averaging
• Tick scalping of less than 15 seconds
• Latency arbitrage
• Arbitrage in both directions across multiple accounts

Employing an EA that trades in the above manner may disqualify you before you know it.

Also, please keep in mind that using an EA does not guarantee an easy passage to professional trader status. It is most efficient to use EAs only as a support for discretionary trading.

The steps to get started trading at Fintokei are designed to be easy to follow for beginners. Below you will find a detailed explanation of the steps from registering with Fintokei to actually starting trading.

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While it is possible to use EAs on Fintokei, it is important to understand the platform-specific rules and restrictions and select or customize an EA that fits them. In addition, seeking the right combination of discretionary trading, rather than leaving everything to the EA, will increase the likelihood of more consistent results.

Finally, remember that no matter what tools you use, trading always involves risk. Taking a long-term view in building your trading strategy, with adequate verification and careful risk management, will be your shortcut to success with Fintokei.

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