this was not the Eur/USD's fault; the Martingale system, or doubling-down to infinity, will make you go broke, eventually. particularly if your account size is small, relative to the lot size. the reason i would say this, is that the orders are going up in size, as the losses mount. and in addition, you've got transactional costs, i.e. slippage, that you never recover. this zero-sum game, is evidenced, by the final 'profit' of $24, vs. the maximum draw-down. so, i would rate this EA as a fail.
I purchased this EA. But now, when I had refreshed the page , it doesn’t show me ‘ Connect Meta ‘ option or anything to click on any more. It still shows I have purchased it
@@PetkoAleksandrov no, but that issue is resolved now. Now, it does get connected with the Meta 5 on laptop when I click on ‘ install on terminal ‘ . Nothing happens and screen doesn’t move
Thanks Petko!..(-: Have you tried this EA with the 3 pullback pairs you mentioned? You could combine it with a 3rd party equity protection EA to cap the drawdown. What do you think?
Hi wanrahweinamchannels8926, you cannot trade with robots on a phone. You need to install the Metatrader 4or 5 platform onto your PC/laptop, and have it switched on with uninterrupted internet access.
I live In the USA. I believe it's law here that you can't open an order in both directions because its considered hedging and is illegal. Am I understand the rules correctly here or is there a way around this?
Hi mt5371, you are correct. That is the FIFO rule. Before opening a new trade in the opposite direction to your open trade/s, you need to close the open positions.
Hi shagarcool, you can download and backtest the EA. I am not recommending, selling or promoting this EA. The choice to test and use it is yours and yours alone.
Well you are right that martingales are risky. But the person that made this martingale probably intented pure matematical trading without any decision type or filtering its obvious when it starts with a hedge trade. Ususally such systems are grid based. This ea will allways have a drawdown becouse it starts with a hedge. But i can still see it be used as a tool deppending on how lazy the trader is. It could such be used as a tunnel trapping system. But that would need you to have backup liquiduty to ride out drawdowns and then also when in profit reset account liquidity so you allways have a backup.
Hi BushLieWorldDie . You are 100% correct. Thanks for the great comment. That's exactly why a grid or martingale system would not be suitable for a low leverage account, and risk settings are so important.
It called averaging up or down and should be never used at all. Resulting most of the time in much bigger losses than just close trade and even change side because something is obviously wrong with one's perception of direction.
Hi user-qf5fb8uh2m, I have never had any issues, but if you are concerned, you can simply change 1 or 2 of the settings very slightly, like SL and TP range, indicator value, etc.
@@PetkoAleksandrov thanks I was looking for this answer...I hope they don't ban my account 😅... basically you can still modify some settings in the EA and the prop firm won't detect since the setting is customized...is that right??
Hi maudiebush5746, you don't necessarily need much experience, but you do have to understand the basics of trading, and the MT4 platform. We have many free videos on TH-cam that can get you prepared.
SEEK YOUR WISDOM SIR, I have 2 choices--1) buy one given forex pair every new day at the open at market price wth take profit(TP) 50 pips and stop loss(SL)50 pips on one ticket as one order 2) second choice is to buy same pair but order is placed as pending order at the open of every new day--buy the same forex pair 100 pips below the open price as pending order with take profit of 50 pips and stop loss of 50 pips all on the same ticket.And after one year of every day trading which strategy is more likely to make any money?And what answer SUPERCOMPUTER would give to my question?
Hi navketan1965. No 1 strategy will work in all market conditions. The best thing to do, is backtest both strategies over the last 1 year's historical data, and get an idea of which would have worked best. Keep in mind, that past performance doesn't guarantee future results, so I'd keep backtesting every month or so
Hi elordyabugan5859, I have recorded, and will be publishing this exact video in a few days time. Check out and subscribe to the Academy's TH-cam channel here to be notified as soon as the video is live: www.youtube.com/@eatradingacademy
Hi arbelalexandersoncio2565, no. Your computer and platforms need to be on and running 24/7 for the EAs to be connected to the broker's server. If you are unable to keep your PC on and connected to the internet, a VPS is recommended. The VPS we are currently using is Forex VPS. You can check them out here: eatradingacademy.com/s/ALeDb
Hi fxtradingtv287, this sounds like a problem on your end. Make sure you have enabled auto trading before placing the EAs onto the charts. Yu can also run a backtest to make sure trades would have opened. You can also try a different broker, and don't forget to check your journal for any errors.
I'm not familiar with the EA, but I would stay VERY far away from any any developer that claims their EA can make 25000 from 100 in 3 weeks. I can tell you we will not be testing it
...not unless you find an EA thats "US Friendly" & hedging is coded to always be off by a bit Ex: .1 Short & .2 Long or 🔄 Apparently FIFO is disregarded as long as the lot sizes are different...?? ..but then you risk premature increase in margin &/OR blown account Hankotrade allows Hedging but its offshore so have fun deciding, ßroski🫡
hey man. Just subscribed, love the content Can you recommend a good trading bot that is completely passive? I want to start investing with a bot to increase my income, and you seem like the right person to ask. Cheers and thank you
Welcome, and thank you. While trading with EAs does in essence remove any need for manual intervention, you do have to monitor the performance of your EAs, changing them as needed. Once you find an EA you like, you can request a custom set file from the developers. Or, if you use the Top 10 App, you have access to all of the best EAs in current market conditions. However, in this case, you would need to spend 10 - 15 minutes per week downloading the latest best EAs, and changing them on your platform accordingly.
Hi adelproperties5662, in every video, I show you the backtest results with the broker. I also make it clear that past performance doesn't guarantee future results, as market conditions change all the time. We provide the EAs for free and encourage you to run your own backtest with your chosen broker
You are correct.... You look at the title and think nice i finally found something serious.... Then after watching the vidéo and dowloading the EA..... Another bullshit... What a waste of Time!
this was not the Eur/USD's fault; the Martingale system, or doubling-down to infinity, will make you go broke, eventually. particularly if your account size is small, relative to the lot size. the reason i would say this, is that the orders are going up in size, as the losses mount. and in addition, you've got transactional costs, i.e. slippage, that you never recover. this zero-sum game, is evidenced, by the final 'profit' of $24, vs. the maximum draw-down. so, i would rate this EA as a fail.
Helo sir are you still using the EA?
I purchased this EA. But now, when I had refreshed the page , it doesn’t show me ‘ Connect Meta ‘ option or anything to click on any more. It still shows I have purchased it
That is strange...did you try to contact MQL5?
@@PetkoAleksandrov no, but that issue is resolved now. Now, it does get connected with the Meta 5 on laptop when I click on ‘ install on terminal ‘ . Nothing happens and screen doesn’t move
@@PetkoAleksandrov I was able to connect it before with meta 4 and it worked
Hey dude, is the EA up and running yet? Can I purchase it from you? I just hope it doesn't interfere with your own MetaTrader account.
How is your profit
Which time frame are you putting the EA on
Hi @Elijah-sEmpireFx, EURUSD H1
@@PetkoAleksandrov Is M1 suitable too?
Thanks Petko!..(-:
Have you tried this EA with the 3 pullback pairs you mentioned? You could combine it with a 3rd party equity protection EA to cap the drawdown. What do you think?
I tried it, and it works fine. Actually, in the inputs, there is the option to control the Drawdown.
@@PetkoAleksandrov can we not manually turn.off the martingale strat in the EA algo?
@@PetkoAleksandrov Hi, dear Petko! What TF(timeframe) must be?
How is your profit ons this ea
Hlw Sir please tell me how do you load bars on Mt5 I know on Mt 4 as you showed us before?
It's the same way in MT5
Does it support in Android version please some advice
Hi wanrahweinamchannels8926, you cannot trade with robots on a phone. You need to install the Metatrader 4or 5 platform onto your PC/laptop, and have it switched on with uninterrupted internet access.
I live In the USA. I believe it's law here that you can't open an order in both directions because its considered hedging and is illegal. Am I understand the rules correctly here or is there a way around this?
Hi mt5371, you are correct. That is the FIFO rule. Before opening a new trade in the opposite direction to your open trade/s, you need to close the open positions.
Thanks for your interesting video and I made the purchase straightaway for testing. US$10 is a no-brainer.
What was your profit
Thank you for the interesting video @Petko. Curious to see the long term performance of this EA. Are you still using it?
No, our VPSes were getting very full, so we had to remove several EAs
Essentially Petko gave all the inputs to improve this bot 😂
Show us a backtest result
Hi shagarcool, you can download and backtest the EA. I am not recommending, selling or promoting this EA. The choice to test and use it is yours and yours alone.
@@PetkoAleksandrov It's ok but when you make a video we also want to see the backtest. Thanks for your video.
Do it have the waka waka for android
No, to trade with any expert advisors, you'll need a PC, laptop or VPS running Metatrader 4 or 5
Well you are right that martingales are risky. But the person that made this martingale probably intented pure matematical trading without any decision type or filtering its obvious when it starts with a hedge trade. Ususally such systems are grid based. This ea will allways have a drawdown becouse it starts with a hedge. But i can still see it be used as a tool deppending on how lazy the trader is. It could such be used as a tunnel trapping system. But that would need you to have backup liquiduty to ride out drawdowns and then also when in profit reset account liquidity so you allways have a backup.
Hi BushLieWorldDie . You are 100% correct. Thanks for the great comment. That's exactly why a grid or martingale system would not be suitable for a low leverage account, and risk settings are so important.
@@PetkoAleksandrov yes risk and levrage is everyrhing especially with this types.
It called averaging up or down and should be never used at all. Resulting most of the time in much bigger losses than just close trade and even change side because something is obviously wrong with one's perception of direction.
@@druntopronto7598 all deppends where its placed
Any recommended EA for Prop Firm challenge and trading their account without breaching their rules!
Hi user-qf5fb8uh2m, I have never had any issues, but if you are concerned, you can simply change 1 or 2 of the settings very slightly, like SL and TP range, indicator value, etc.
@@PetkoAleksandrov thanks I was looking for this answer...I hope they don't ban my account 😅... basically you can still modify some settings in the EA and the prop firm won't detect since the setting is customized...is that right??
So you have to be experienced at this?
Hi maudiebush5746, you don't necessarily need much experience, but you do have to understand the basics of trading, and the MT4 platform. We have many free videos on TH-cam that can get you prepared.
how to buy this ea?
You can find it on the MQL5 Marketplace
Its martingale strategy no
SEEK YOUR WISDOM SIR, I have 2 choices--1) buy one given forex pair every new day at the open at market price wth take profit(TP) 50 pips and stop loss(SL)50 pips on one ticket as one order 2) second choice is to buy same pair but order is placed as pending order at the open of every new day--buy the same forex pair 100 pips below the open price as pending order with take profit of 50 pips and stop loss of 50 pips all on the same ticket.And after one year of every day trading which strategy is more likely to make any money?And what answer SUPERCOMPUTER would give to my question?
Hi navketan1965. No 1 strategy will work in all market conditions. The best thing to do, is backtest both strategies over the last 1 year's historical data, and get an idea of which would have worked best. Keep in mind, that past performance doesn't guarantee future results, so I'd keep backtesting every month or so
please do video for set up, installation and all in one video from the start. It would really help us beginners
Hi elordyabugan5859, I have recorded, and will be publishing this exact video in a few days time. Check out and subscribe to the Academy's TH-cam channel here to be notified as soon as the video is live: www.youtube.com/@eatradingacademy
Thanks petko this can be run even my computer is off ? And how ?
Hi arbelalexandersoncio2565, no. Your computer and platforms need to be on and running 24/7 for the EAs to be connected to the broker's server. If you are unable to keep your PC on and connected to the internet, a VPS is recommended. The VPS we are currently using is Forex VPS. You can check them out here: eatradingacademy.com/s/ALeDb
Hi greetings sir. Please any robot or good indicators for android will be appreciates. I need it. Thanks
Hi luckyok9030, It's not possible to trade with EAs on a phone. You need a PC, Mac, laptop or VPS to trade with EAs on MT4 and MT5
All your free ea i installed since last year none has open trade dont give free indicator that are not useful
Hi fxtradingtv287, this sounds like a problem on your end. Make sure you have enabled auto trading before placing the EAs onto the charts. Yu can also run a backtest to make sure trades would have opened. You can also try a different broker, and don't forget to check your journal for any errors.
Dis you fix this
Link to the EA
Hi ibeabuchiibiam3701, you can find this EA in the MQL5 Market Place: www.mql5.com/en/market
Thanks. May I know what leverage you used for your account of testing this EA? 1:1000? 1:500?
I usually stick to 1:100 leverage.
@@PetkoAleksandrov ok thanks:)
Since I started making money on cryptocurrency I invested $7,000 and my profits are $25,850 every 11 days I never lost my money on crypto.
@@DanielleOlexiewiczare you use the EA?or manual trading?
Still work until now? Date 24 Sept 2024
I am not trading it, so I cannot say. But if there is a demo option, you can download it and run a backtest
Please review oava ea bot
Hi sir plz make video on forex mado ea v15.33 development team claim that this es convert 100 into 25000 in just 3 weeks
I'm not familiar with the EA, but I would stay VERY far away from any any developer that claims their EA can make 25000 from 100 in 3 weeks. I can tell you we will not be testing it
Cool !
Now I'm MFF approved
Nice 👍
I need one
so it's a hedge better? that can't be used in the usa or an account with oanda, right?
That is how martingale systems work, but I think in the US you can't really hadge because of the FIFO.
...not unless you find an EA thats "US Friendly" & hedging is coded to always be off by a bit
Ex: .1 Short & .2 Long or 🔄
Apparently FIFO is disregarded as long as the lot sizes are different...??
..but then you risk premature increase in margin &/OR blown account
Hankotrade allows Hedging but its offshore so have fun deciding, ßroski🫡
So i just want ask how to set a bot on mt4 on your phone
Too much advertising in your Video.
Hi weareone5486, TH-cam add the ads. We cannot control that. You can upgrade to TH-cam Premium which will remove the ads.
@@PetkoAleksandrov no your own ad not the youtube one.
Another great Video..Thanks Petko!
Please who's willing to coach me for about 3 months. I live in Shropshire UK
Hi Petko, Swaziland 🇸🇿 in the house. Thanks man for your humanity/generosity. Love your research.
Cheers, mate!
Hello can you please share your settings for Waka waka EA please thanks plus your broker on MT4/5
Hey, mate. I use the very low risk settings for the FTMO funded account. Wth max 4% daily drawdown.
I love grid martingale systems tbh
It's very difficult to add subtitles in Portuguese to courses on Udemy ?
Hi @moacirramos2668, we haven't found a reliable translator to assist us with this.
Can you test this mql5 free ea
Gold multiply funds ea
I will have a look. but I show in my videos what I test. So you can do the very same.
hey man. Just subscribed, love the content
Can you recommend a good trading bot that is completely passive? I want to start investing with a bot to increase my income, and you seem like the right person to ask.
Cheers and thank you
Welcome, and thank you. While trading with EAs does in essence remove any need for manual intervention, you do have to monitor the performance of your EAs, changing them as needed. Once you find an EA you like, you can request a custom set file from the developers. Or, if you use the Top 10 App, you have access to all of the best EAs in current market conditions. However, in this case, you would need to spend 10 - 15 minutes per week downloading the latest best EAs, and changing them on your platform accordingly.
anyone know where I can find list of these "pull back" currencies?
These are the 3 I mentioned: AUDNZD, AUDCAD and CADNZD.
I tried many of your free EAs no one of them working good as your claiming
Hi adelproperties5662, in every video, I show you the backtest results with the broker. I also make it clear that past performance doesn't guarantee future results, as market conditions change all the time. We provide the EAs for free and encourage you to run your own backtest with your chosen broker
You are correct.... You look at the title and think nice i finally found something serious.... Then after watching the vidéo and dowloading the EA..... Another bullshit... What a waste of Time!
the eurusd sure kept dropping
Yes, but interestingly, the EA did well. I aso find a way to control the risk. A second video is coming up...
I think they have another of $35, guess that will be a better one to choose
Hi lamoclintcrypto7101, running backtests with both will give you a good idea of which would have been more profitable over your chosen date range
We love you also....❤...always good content and something new to learn...😊
Sir please upload 5 ema staturgey robo
Do you have a precise strategy in mind?
First
I don't like grid martingale any ea with grid this will and most of the time blow your account if you got in trend market.
I recorded a second video about it, as I found a way to control the risk. The video will be live next week.