A few points, since I've been doing algos for a few years now. 1. You can add a slippage filter, 2. slippage is greater on a live account than on a demo account, 3. the result will vary depending on the broker since they've different setups, 4. for scalping you need a broker with raw access to the market. 5. scalping only makes sense if the spread is low, and the asset with the lowest spread is EURUSD. 6. The term scalping is used for small timescales (not H1) in which trades are executed within minutes. Thanks for the idea, I produced my own MT5 algo since yesterday and it looks promising. Keep the ideas flowing!
Thanks for your input Frederik - I’m learning to program algos myself, what level of success have you found in your 5 years of experience, if I may ask?
Scalping you need zero spreads and ECN account . And a broker that you can call anytime . Scalping better on Mt5 since it's faster. Since you can scalp 10-15 pips. Normally Brokers spread up to 5 pips plus commissions. Plus you need a sharp EA that set take profit. Stop reversal indicator can get 90% winrate Scalping. As you scalp the change of open price.
Great stuff Rene. I’ve added a time filter to avoid looking for trades during lower liquidity hours (mostly Asian market hours). Also I usually test with a higher latency. I agree that if the test is ok for difficult situations then it should be ok for live stage. Also agree with Fredrick, scalping is for lower time scales. Keep up the good work.
Loved the video! You make us feel like a community and that we are on this journy together to come up with a profitable scalping strategy. I do also enjoy the programming videos, so my suggestion is to continue doing both. While at the same time still getting some time to your self of course. ;) Really appreciate what you are doing here. inspiring a lot of people including myself. I wish you a great weekend and as allways looking forward to the next video.
Yes I will try to do both here on the channel :) Thank you for your kind comment. I am really glad that I can reach so many people by talking about automated trading strategies :)
Hello René, your videos are excellent, personally I like the programming followed by the strategy test, it's what we find less often, especially since your explanations are really well done. Best wishes.
Hello Rene, slippage is a different price in the client compared to in the server due to a bigger latency in your internet connection. The lowest latency is glass fibre internet connections. Not available in all regions.
I wish I saw this video before I opened my IC Markets account 😂 I would have definitely selected your link😊 I have learned a lot from your one to one programming and from videos like this that give more details. Also I just finished watching your sales results from selling your bots on MQL5 and 4. I knew how important slippage is but this is the first time I have ever compared slippage between test and demo account. I am truly inspired and would love to do more programming perhaps for a new career option. Keep up the outstanding work Rene!
You can send an email to ic markets and tell them that you were referred by BM Trading with the referral id 11012. I will still be able to give you the cheaper commissions if they verify this ;)
Love your analytics. I wonder why the backtesting doesn't have a commission setting. If we use a commission-free account, the spread is a big problem because it is not fixed all the time, so the backtest results will be misleading.
Thank you :) I would love to see you in the course. If you are willing to work with automated trading strategies long term then it is the best way to get started and improve your programming knowledge ;)
Yes! More video’s like this much appreciated. One question however, how is MT4 strategy testing compared to MT5. Is a MT4 positive tested strategy also profitable in MT5 strategy tester when implemented the same business logic?
My experience with scalping is that one should target 10 pips per trade to make good money. The cost for the commission and spread can take up to 6 pips in terms of monetary charges. A scalper should also choose brokers with ECN accounts with low spreads and commission such as FP markets, Exness, and IC markets. Most brokers charge hefty commissions that makes scalping unprofitable but I ended up with the three as the best in the market
What you Can do to improve the profitability is multiple tps and profit lock until it’s reached. Yo maximize the difference between common and pips in profit.
Hey, René, thanks for the vid and the code! I did a bunch of tests, using my live account data. The tests also include slippage for me, so that's good. I am using the 5minute option, so it trades more and makes comparing the results faster. I also loaded the EA on my live 50€ account to see real results. I am running the EA on five different pairs - EURUSD, GBPUSD, AUDUSD, USDCAD and XAUUSD. I did not change any settings besides the timeframe for any of them - so far so good, but i will let you know how it goes for me in the future. Thanks again and keep up the good work! :) PS. In the tester I used 500ms delay, while really i'm running it on MQL vps with only about 2ms delay.
Helo Rene, How do you think My opinion : please add input variable to add some point on your current buy stop and sell stop point, because on this current EA not brakout point, on current buy stop and sell stop point this is support and ressistance point ( not breakout point) where price will retrace or back from thats point , If we add some point from S&R point , we can say this breakout point , because price have through level of support and resistance
I only used one provider so far so I cannot really make a comparison. I use Strato and so far everything works. Sometimes there are updates and stuff but I think this is the case with any provider.
Yes it is really hard to find these conditions. A good/fair broker is key here. But you will still have slippage because that is just how the market works :/
@@ReneBalke - I think finding a fair/good broker is like finding a pot of gold at the end of the rainbow, especially for US residents. Brokers need to make money - they can't if spreads are too tight, too low commission, low slippage, etc. It is not a good business model.
Hi mate, been following some of your videos recently and love your work. Could you please share the sets that you used for the pairs here. I noticed there a big difference between the test when using "Every tick" and "Every tick based on real ticks". I would appreciate if you share the settings so that I can try them on a demo account. Thanks
Sometimes I post the code below the video in a comment. But sometimes you just have to copy it from the video. Try it. You might even learn something ;)
warum habe ich bei Hankotrade nicht so eine hohe Kommission wie du im Video? ich hätte so gerne den Code in einer txt Datei? das würde mir so sehr helfen.
Rene would using limit orders instead of market orders or buy/sell stop orders reduce or avoid slippage? If so, what would be the main thing that would need to be edited in the scalping ea program or how could we go about using limit orders instead of stop orders
The main problem is the slippage when the stop loss is hit. And you cannot really use limit orders in this case.. I think there is no good/easy solution for this :(
would it be possible to maybe look into programming a order blocks EA in a future video? orderblocks was taught by ICT InnerCircleTrader on youtube. Here is the video of his teaching of orderblocks th-cam.com/video/PIYh0CxoY9c/w-d-xo.html
How can i go about putting this idea into an EA? It's similar to the scalping ea you programmed. The idea is, if price trades past a key high to the left and a new high to the right is formed, a buy limit is placed at the open price of the last down candle before the price move up that create the new high to the right and for sell limits if price trades past a key low to the left and a new low to the right is formed, a sell limit is placed at the open price of the last up candle before the price move down that created the new low to the right
Thank you :) I use a "normal" Windows VPS. Nothing fancy. What don't you like about the code? It is kinda as efficient as it can be :D I mean the only thing calculated on every tick is the trailing stop and that is something you should do if you want to secure your profits ;)
Hi Rene, i always like your videos and teachings ,and i have made some good progress on creating my own EA,and i would have definitely purchased your course in January , but now we sitting with an issue ,how are we going to use EAs and custom indicators seeing that Metaquotes has shut down mt4 n mt5 apps.
I think there is a problem with the iOS versions only. As long as windows is still working it should be fine :) If you are using a Mac you can use a windows VPS for trading.
@@dhruvilsolanki9887 You can write a youtube comment below a video :) Unfortunately I cannot provide individual support if that was your question. I am sorry.
Vielen lieben Dank! Ich warte mit Spannung wie das mit dem Breakout skalper weiter geht. Ist es prinzipiell möglich, die Wahrscheinlichkeit zu steigern, dass nur Trades mit hohen Gewinnen initiiert werden? Dafür weniger Trades insgesamt. Wenn nur ein großer Trade alle 2 Tage stattfindet, reicht das ja völlig. Ein anderer Punkt: bei GBE Brokers zahle ich für Indizies keine Gebühr und habe trotzdem einen sehr niedrigen Spread (0,8 Punkte)! So ein Breakout-Skalper könnte man doch auch für Indizes modifizieren, oder?
Hey, man kann hier sicher viele Anpassungen ausprobieren. Allerdings ist es schwer zu bestimmen, welche Trades einen hohen Gewinn haben werden. Wenn man das vorher weiß, dann kann man natürlich einen entsprechenden Filter einbauen. Mit Indizes sollte das Programm auch funktionieren. Probiere es gerne aus. Das Hauptproblem ist das nicht der Spread oder die Kommission. Ich denke am Ende wird es eher an der Slippage scheitern, die man zwangsläufig bei vielen der Trades kriegen (zahlen) wird :(
@@ReneBalke Bestimmte Konstellationen kann man ja mit entsprechenden Wahrscheinlichkeiten belegen. Zum Beispiel 2 Inside-Bars hintereinander eine andere Wahrscheinlichkeit haben als ein normaler Breakout über einen Widerstand, oder? Ist der ursprüngliche Code noch aktuell? Weil ansonsten nutze ich den und probiere es mit meinen Indizes aus...
Yes that is absolutely possible. Often happens with strategies that are highly affected by slippage for example. This is because real live slippage can be bigger than the simulated slippage in the tester. I would always recommend to also test strategies in a small live trading account with small trading volume first.
@@dhruvilsolanki9887 Right now I am using ic markets and the order execution seems to be really fair. Also I can get reduced trading costs because I am partner with the broker. If you want to try it you can use the link on my website to open a demo account: en.bmtrading.de/broker/ Once you opened a live trading account you can send me your account number and I can also request reduced commissions for you :)
Hi René I appreciate your videos; I think you are a very honest and integer person (seldom found in this profession!). I tested your EA with the same parameters that you are using. II do not use a ICMarket account like you but I used a RoboForex-Pro Demo account and the results are completely different from yours: from 2022.01.01, until now the capital declines from EUR 10.000 to EUR 4.000 The EA seems to be very sensitive to the tick data.
@@ReneBalke I tried to test the strategy on "1 minute OHLC" and "every tick" mode. I was tested good and the history quality is more than 95% on both mode. But when i switch to "every tick based on real tick" mode, the history quality is very low. Only 23%. What did I do wrong?
@@markonis100 That is weird. The data comes from the broker. Maybe try with another broker. I never experienced a bad data quality with the "based on real ticks" method I think.
@@ReneBalke I'm testing US30 market from "traders-global-group" used in the MFF prop firm account. Unfortunately i don't have another demo account which provide US30 market. I've tried to delete the history folder and redownload the data. But no change. Still 23% history quality.
Hi Rene. love the channel, found it a week ago and slowly working through it. My question: I'm currently testing on a broker that has no commission and less than 1 pip spread on EURUSD. Using those conditions, surely this would be profitable?
Hey, welcome on the channel :) Unfortunately it is not that easy.. Spread is usually the same as commission. One way or another you will pay for your trading... And the negative impact is immense you will see it when you traded for a while ;)
@@ReneBalke The broker I'm using traditionally only offered crypto, indices and synthetics, but only recently added forex. To make this new forex option attractive to users it's truly no commission with low spread. spread has been below 1pip all day, I've been monitoring it with a spread indicator. I didn't initially believe it either, but it's legit. It's Demo, but I will monitor it with a live account tomorrow just to be sure.
@@garyknoetze Generally the commissions plans are far better and serious than fixed or augmented spreads, i've done the maths on a lot of brokers. And commissions will be what you'll get on serious websites like interactive brokers
@@garyknoetze “below 1 pip” actually isn’t that low on EURUSD - “below 1 pip” could be 0.6-0.8 which is huge. My broker EU is usually 0.2-0.3 but I pay comms
hi， i am a new subscriber to your channel，i would like to thanks for your effort in making videos sharing a lot of good idea with us. After watching this video, I have an idea on solving the slippage problem， is it avoidable if we have a program to monitor the bid price and ask price instead of monitoring the closing price. for example，we buy 1 lot usdeur with price 1.4000 ，then we monitor the bid price ，if the bid price reach our desired level， the program immediately send a market order to sell it ，in the moment just assume the program can check if the bid price volume is larger than the volume we would like to sell first , that Is, when the bid price is now 1.5000 , a market order is sent immediately . In this case if we have a fast vps with low ping latency, do you think the slippage problem will be reduced? Just a brainstorm idea, thanks for your effort in making the video again
Hey, welcome on the channel :) I don't think the slippage problem is easy to solve. The main problem is that the price can jump over your SL lines. And in this case you kinda have to options: 1. Close at the current (worse) price 2. Hope that the price will come back to the SL level what is not guaranteed .. Both options suck but that is just how it works :/
For the stoplosses in profit or loss section i have guaranteed stoplosses on my broker ,I pay I think 1 pip more if the stoploss is touched and i get all the time the exact price that i want.
I honestly don't think if has a huge impact.. The ping is only important for the time it takes for your orders to reach the server of the broker. But the main problems come with the execution of the orders on the server of the broker. And as far as I am informed the ping has absolutely zero influence on this :D
I'm guessing the volume in both accounts start becoming different because you are risking a percentage of your account, and both account start to have different balances. Thanks for the content P.S. I do like this format of video
Hello Thank you for all these wonderful and useful videos ♥️♥️🔥 There's a robot called(autopilot pro) Can you check it for us and make sure it's correct?
@@ReneBalke ... the tester can be used on one's real account and it uses the real history data. In my case, I have rented a VPS from MQL which is associated with my real account, on which I have real money. I develop my EA's in local using the real account, and when it's ready I transfer it to my VPS. As a test: try to create a real account with your broker without depositing any money initially.
@@torpedo0101 I already compared it. It did not really work because the tester does not give the same slippage as the live trading unfortunately. At least not for the trades that I compared ;)
Is your tester running while you have the same trading account open in the VPS? Because that makes it comparable or not. Yes, confirmation is important Big Likes!
Hi René. I wanted to purchase your Mt5 masterclass course but first, I want to know if its possible for one to code an algo that can utilize different timeframes at once that is to say analyzing using m5 timeframe but entry based on m1 timeframe. More like the time frames goes hand in hand if a certain thing doesnt happen on m5 the algo be commanded not to take trades on at all on m1.Can one be able to construct a stratergy based on combining diffrent timeframe simulaneously after taking your course? Thanks in advance
Rene can you explain how TSL, TSL trigger points work on this EA. Copied the source code. Seems like on my platform EA doesn't closes positions with trigger points. Is it pips (1pip = 10points) or something else. For me i thought 5 tsl points mean when price enters in TP area after 5 points TSL activates once price backwards it should close the orders. Is it right?
IF your scalping for 5 pips or less, you will not make enough profit in the long term after trade costs and slippage...When I scalp, I shoot for 10pips average. Unfortunately US residents don't have much choice of brokers to choose from. Sure, some offshore brokers allow US residents but you are taking a big risk since most of them have sketchy records and if they went out of business, you would lose all your money. I would never send more than $500 to an offshore broker.
@@ReneBalke Yes! I just had to quit ICM because the support was so bad, but perhaps that's my luck. There are a lot of bad reviews on FPA as well. It looks like they outsource their support, that may explain why they are so clueless about everything.
@@Someguy10775 Not really... I mean you could just place a limit order or work with market orders. I think you can define the max slippage for market orders. But the problem is not the entry.. The main problem is the exit using a stop loss.. In this case you cannot really decide if you WANT to take the SL price. You kinda have to because otherwise you risk losing a looooot if the price never comes back.
What you Can do to improve the profitability is multiple tps and profit lock until it’s reached. Yo maximize the difference between common and pips in profit.
A few points, since I've been doing algos for a few years now. 1. You can add a slippage filter, 2. slippage is greater on a live account than on a demo account, 3. the result will vary depending on the broker since they've different setups, 4. for scalping you need a broker with raw access to the market. 5. scalping only makes sense if the spread is low, and the asset with the lowest spread is EURUSD. 6. The term scalping is used for small timescales (not H1) in which trades are executed within minutes. Thanks for the idea, I produced my own MT5 algo since yesterday and it looks promising. Keep the ideas flowing!
Thanks for sharing your thoughts
Thanks for your input Frederik - I’m learning to program algos myself, what level of success have you found in your 5 years of experience, if I may ask?
Scalping you need zero spreads and ECN account . And a broker that you can call anytime .
Scalping better on Mt5 since it's faster.
Since you can scalp 10-15 pips.
Normally Brokers spread up to 5 pips plus commissions.
Plus you need a sharp EA that set take profit.
Stop reversal indicator can get 90% winrate Scalping. As you scalp the change of open price.
@@jafxtradinginstitute6395 hey brother how can i contact u personally?
@@seanissomething hey brother how can i contact u personally?
Great stuff Rene. I’ve added a time filter to avoid looking for trades during lower liquidity hours (mostly Asian market hours). Also I usually test with a higher latency. I agree that if the test is ok for difficult situations then it should be ok for live stage. Also agree with Fredrick, scalping is for lower time scales. Keep up the good work.
This is golden! This is exactly the type of videos we want to see. Invaluable! Top tier!
Thank you! Glad to hear that :)
Loved the video! You make us feel like a community and that we are on this journy together to come up with a profitable scalping strategy. I do also enjoy the programming videos, so my suggestion is to continue doing both. While at the same time still getting some time to your self of course. ;) Really appreciate what you are doing here. inspiring a lot of people including myself. I wish you a great weekend and as allways looking forward to the next video.
Yes I will try to do both here on the channel :) Thank you for your kind comment. I am really glad that I can reach so many people by talking about automated trading strategies :)
Hello René, your videos are excellent, personally I like the programming followed by the strategy test, it's what we find less often, especially since your explanations are really well done. Best wishes.
Thanks for the feedback :)
Love your analysis of backtesting :) this kind of topics are great sharing. Thank you :)
Hello Rene, slippage is a different price in the client compared to in the server due to a bigger latency in your internet connection. The lowest latency is glass fibre internet connections. Not available in all regions.
Awesome YT channel, best wishes from Brazil!
Thanks!! :)
Yes, please do more of these videos. My broker has relatively small commission which enable me to use the scalping strategy
Hi Rene
I'm from Iran & folowing your channel and your fantastic videos.
I learnt a lot with you. Thnx so much.
I wish I saw this video before I opened my IC Markets account 😂 I would have definitely selected your link😊 I have learned a lot from your one to one programming and from videos like this that give more details. Also I just finished watching your sales results from selling your bots on MQL5 and 4. I knew how important slippage is but this is the first time I have ever compared slippage between test and demo account. I am truly inspired and would love to do more programming perhaps for a new career option. Keep up the outstanding work Rene!
You can send an email to ic markets and tell them that you were referred by BM Trading with the referral id 11012. I will still be able to give you the cheaper commissions if they verify this ;)
I will try! 😅
Love your analytics. I wonder why the backtesting doesn't have a commission setting. If we use a commission-free account, the spread is a big problem because it is not fixed all the time, so the backtest results will be misleading.
Hey Rene , just like to thank you for your content , you my favorite TH-camr now
Thank you ❤️
I like this type of videos and the ones on programming EA.
Another great video Rene! Keep it up :)
Another great video Rene. Bit short of money right now but am going to purchase your full mt5 training course as soon as I have enough saved.
Thank you :) I would love to see you in the course. If you are willing to work with automated trading strategies long term then it is the best way to get started and improve your programming knowledge ;)
Hello rené can you show us a programming code for PZ Goldfinch please lz
Really liked the breakdown and insight into the results. Keep it up, many thanks
Amazing analysis. Love it
Yes! More video’s like this much appreciated. One question however, how is MT4 strategy testing compared to MT5. Is a MT4 positive tested strategy also profitable in MT5 strategy tester when implemented the same business logic?
Depends on the data mostly I think. If you have the exact same data in mt4 and mt5 the result should be very similar.
Hi René,
Loving the comparison, your approach seems similar to my best intentions. 😀
Would absolutely love to see how to add a news filter.
Great video. I love your work.A news filter can make a big difference. Could you please make a video for that?
My experience with scalping is that one should target 10 pips per trade to make good money. The cost for the commission and spread can take up to 6 pips in terms of monetary charges. A scalper should also choose brokers with ECN accounts with low spreads and commission such as FP markets, Exness, and IC markets. Most brokers charge hefty commissions that makes scalping unprofitable but I ended up with the three as the best in the market
hey brother how can i contact u personally?
What you
Can do to improve the profitability is multiple tps and profit lock until it’s reached. Yo maximize the difference between common and pips in profit.
Hello, thank you very much for the content, where can I download the code?
Check out this video: th-cam.com/video/o7ZG8SvzBDw/w-d-xo.html&ab_channel=Ren%C3%A9Balke
Hi Rene gute arbeit verfolge das weiter und wenn alles gut verläuft dann würde ich das system auch anwenden . Viel erfolg .
Hey, René, thanks for the vid and the code! I did a bunch of tests, using my live account data. The tests also include slippage for me, so that's good. I am using the 5minute option, so it trades more and makes comparing the results faster. I also loaded the EA on my live 50€ account to see real results. I am running the EA on five different pairs - EURUSD, GBPUSD, AUDUSD, USDCAD and XAUUSD. I did not change any settings besides the timeframe for any of them - so far so good, but i will let you know how it goes for me in the future. Thanks again and keep up the good work! :)
PS. In the tester I used 500ms delay, while really i'm running it on MQL vps with only about 2ms delay.
Hey, thanks for the comment. Would love to hear about your experiences in the future :)
how the things going
Do you have an update?
Hi René
First of all thanks for the effort, your vidéos are very instructives, I would like this kind of vidéo, from coding to optimization
Which one is good for EA MT4 or MT5?
Helo Rene, How do you think
My opinion :
please add input variable to add some point on your current buy stop and sell stop point, because on this current EA not brakout point, on current buy stop and sell stop point this is support and ressistance point ( not breakout point) where price will retrace or back from thats point ,
If we add some point from S&R point , we can say this breakout point , because price have through level of support and resistance
May you please make video concerning the best VPS companies to use for trading EAs reliably, with affordable prices
I only used one provider so far so I cannot really make a comparison. I use Strato and so far everything works. Sometimes there are updates and stuff but I think this is the case with any provider.
What spread did you use in this testing and do you use spread filters?
I use the variable spread that is provided by the broker data. I did not use any spread filter.
Another good video with great info
Sir please make a short video for slippage, e.g. if slippage is less than certain point than trade
You mean a programming tutorial? The problem is that you cannot always prevent slippage. Especially with stop loss levels it is a big problem.
To be profitable in scalping strategy, we need nearly perfect market conditions, like few to no slippage, very tight spread etc. Impossible mission?
Yes it is really hard to find these conditions. A good/fair broker is key here. But you will still have slippage because that is just how the market works :/
@@ReneBalke - I think finding a fair/good broker is like finding a pot of gold at the end of the rainbow, especially for US residents. Brokers need to make money - they can't if spreads are too tight, too low commission, low slippage, etc. It is not a good business model.
Hi mate, been following some of your videos recently and love your work. Could you please share the sets that you used for the pairs here. I noticed there a big difference between the test when using "Every tick" and "Every tick based on real ticks". I would appreciate if you share the settings so that I can try them on a demo account. Thanks
I think I used the default settings. Just try out different things ;) the live results will be also different.. Thanks for supporting the channel ❤️
I jus noticed that
would you share the final mql file in a dirct link?
I meen every time you share a video of codes you write
Sometimes I post the code below the video in a comment. But sometimes you just have to copy it from the video. Try it. You might even learn something ;)
What is strategy using for? Slippage? It seems like arbitrage right?
Hey, it is a scalping strategy :)
warum habe ich bei Hankotrade nicht so eine hohe Kommission wie du im Video? ich hätte so gerne den Code in einer txt Datei? das würde mir so sehr helfen.
Ich habe den Code unter dem letzten Video gepostet ;)
You got this ea published?
Nope I am still testing it :) But I will make another video about it soon ;)
I'd like to see you make an EA using the MACD strategy shown on the Trading Rush channel.
Can you provide a link? I think I already made a macd video on this channel. You should look it up ;)
floating spreads normally increases based on volatility making a breakout strat like this even less profitable?
What do you mean with floating spreads? But in general spreads are bad for any strategy I think ;)
Rene would using limit orders instead of market orders or buy/sell stop orders reduce or avoid slippage? If so, what would be the main thing that would need to be edited in the scalping ea program or how could we go about using limit orders instead of stop orders
The main problem is the slippage when the stop loss is hit. And you cannot really use limit orders in this case.. I think there is no good/easy solution for this :(
would it be possible to maybe look into programming a order blocks EA in a future video? orderblocks was taught by ICT InnerCircleTrader on youtube. Here is the video of his teaching of orderblocks
th-cam.com/video/PIYh0CxoY9c/w-d-xo.html
How can i go about putting this idea into an EA? It's similar to the scalping ea you programmed.
The idea is, if price trades past a key high to the left and a new high to the right is formed, a buy limit is placed at the open price of the last down candle before the price move up that create the new high to the right
and for sell limits if price trades past a key low to the left and a new low to the right is formed, a sell limit is placed at the open price of the last up candle before the price move down that created the new low to the right
The image in this youtube video best describes what i am trying to explain th-cam.com/video/5ZNVIeKmEFo/w-d-xo.html
@@ReneBalke nevermind i've figured it out haha :)
great work! thanks for sharing! I wonder what is your vpn? you can also try to make your code less bulky, if there is anything to trim off. cheers!
Thank you :) I use a "normal" Windows VPS. Nothing fancy. What don't you like about the code? It is kinda as efficient as it can be :D I mean the only thing calculated on every tick is the trailing stop and that is something you should do if you want to secure your profits ;)
Hi Rene, i always like your videos and teachings ,and i have made some good progress on creating my own EA,and i would have definitely purchased your course in January , but now we sitting with an issue ,how are we going to use EAs and custom indicators seeing that Metaquotes has shut down mt4 n mt5 apps.
I think there is a problem with the iOS versions only. As long as windows is still working it should be fine :) If you are using a Mac you can use a windows VPS for trading.
hey brother how can i contact u personally? bcoz i am learning mql5 and i have some small doubts
@@dhruvilsolanki9887 You can write a youtube comment below a video :) Unfortunately I cannot provide individual support if that was your question. I am sorry.
Good work on the EA. I think it's worth testing in a demo account. I just don't trust MT5 backtester for scalping systems.
Yeah tester cannot really be used for scalping strategies. Best is a small live trading account I think .
Hello sir, do you please send me .ex5 file ? I want to check it on live account.
Have a look at this video: th-cam.com/video/o7ZG8SvzBDw/w-d-xo.html&ab_channel=Ren%C3%A9Balke
@@ReneBalke Thanks a lot sir🙏😊
Sir can you review panda heging in mql5 market?
I put it on my list. I will make a poll in the next days I think to figure out what most people want to see :)
hii, really nice work. I think it will be better to move the trailling stoploss only if you are 10 pips in profit, or at 1:1 RR
Thank you :) Yeah there is a lot you can try here. Feel free to do your own testing with the EA ;)
Vielen lieben Dank! Ich warte mit Spannung wie das mit dem Breakout skalper weiter geht. Ist es prinzipiell möglich, die Wahrscheinlichkeit zu steigern, dass nur Trades mit hohen Gewinnen initiiert werden? Dafür weniger Trades insgesamt. Wenn nur ein großer Trade alle 2 Tage stattfindet, reicht das ja völlig. Ein anderer Punkt: bei GBE Brokers zahle ich für Indizies keine Gebühr und habe trotzdem einen sehr niedrigen Spread (0,8 Punkte)! So ein Breakout-Skalper könnte man doch auch für Indizes modifizieren, oder?
Hey, man kann hier sicher viele Anpassungen ausprobieren. Allerdings ist es schwer zu bestimmen, welche Trades einen hohen Gewinn haben werden. Wenn man das vorher weiß, dann kann man natürlich einen entsprechenden Filter einbauen. Mit Indizes sollte das Programm auch funktionieren. Probiere es gerne aus. Das Hauptproblem ist das nicht der Spread oder die Kommission. Ich denke am Ende wird es eher an der Slippage scheitern, die man zwangsläufig bei vielen der Trades kriegen (zahlen) wird :(
@@ReneBalke Bestimmte Konstellationen kann man ja mit entsprechenden Wahrscheinlichkeiten belegen. Zum Beispiel 2 Inside-Bars hintereinander eine andere Wahrscheinlichkeit haben als ein normaler Breakout über einen Widerstand, oder?
Ist der ursprüngliche Code noch aktuell? Weil ansonsten nutze ich den und probiere es mit meinen Indizes aus...
@@alfran1 Ich hab den Code nicht mehr verändert. Den kannst du gerne nutzen :)
@@ReneBalke Danke... und herzliche Grüsse aus Portugal!
is that possible that when we backtest a strategy it gives good results but when it came to real trading it doesn't perform well ?
Yes that is absolutely possible. Often happens with strategies that are highly affected by slippage for example. This is because real live slippage can be bigger than the simulated slippage in the tester. I would always recommend to also test strategies in a small live trading account with small trading volume first.
@@ReneBalkeFor this can we test on live demo instead of live real?
@@ReneBalke from your side which broker is best for scalping?
@@dhruvilsolanki9887 Right now I am using ic markets and the order execution seems to be really fair. Also I can get reduced trading costs because I am partner with the broker. If you want to try it you can use the link on my website to open a demo account: en.bmtrading.de/broker/
Once you opened a live trading account you can send me your account number and I can also request reduced commissions for you :)
@@dhruvilsolanki9887 Yeah sure you can also use a demo. That is what I would recommend to do in the first place ;)
Hi René
I appreciate your videos; I think you are a very honest and integer person (seldom found in this profession!).
I tested your EA with the same parameters that you are using.
II do not use a ICMarket account like you but I used a RoboForex-Pro Demo account and the results are completely different from yours: from 2022.01.01, until now the capital declines from EUR 10.000 to EUR 4.000
The EA seems to be very sensitive to the tick data.
Thank you for the kind words :) Yeah it is really sensitive. I am testing it on a love account right now and will keep you updated on the channel ;)
Hi Rene,
This discount is only for accounts in $ or as well for ones in euro. Which one you prefer?
The account currency does not matter. It also works for Euro. I use Euro because I live in Germany and that is out local currency :)
Hi Rene, what about backtesting using "every tick based on real data" ? Is it more similar with the real trading condition?
Yeah I think it is more precise. But still not completely accurate because of slippage..
@@ReneBalke I tried to test the strategy on "1 minute OHLC" and "every tick" mode. I was tested good and the history quality is more than 95% on both mode. But when i switch to "every tick based on real tick" mode, the history quality is very low. Only 23%. What did I do wrong?
and the result is always different when i re-run the back tester. what should i do to improve the test quality?
@@markonis100 That is weird. The data comes from the broker. Maybe try with another broker. I never experienced a bad data quality with the "based on real ticks" method I think.
@@ReneBalke I'm testing US30 market from "traders-global-group" used in the MFF prop firm account. Unfortunately i don't have another demo account which provide US30 market. I've tried to delete the history folder and redownload the data. But no change. Still 23% history quality.
Die solltest vielleicht die IP von deinem VPS blurren. Das kann sonst ein Sicherheitsrisiko darstellen
Ich vertraue auf meinen Hosting Anbieter und deren Abwehrmechanismen 🙏 Aber ja Du hast natürlich Recht! Eigentlich sollte ich das tun.
hi rene,can you test waka waka ea?
It is on my list. I will make a poll in the next days to decide what EA I will test next ;)
how to download?
Check out my last video. I show how to write this EA in the last video.
@@ReneBalke i can node code sir. can you send me ex4 file please
@@kennethbenjamin623 You can learn coding I believe in you!
Hi Rene. love the channel, found it a week ago and slowly working through it. My question: I'm currently testing on a broker that has no commission and less than 1 pip spread on EURUSD. Using those conditions, surely this would be profitable?
Hey, welcome on the channel :) Unfortunately it is not that easy.. Spread is usually the same as commission. One way or another you will pay for your trading... And the negative impact is immense you will see it when you traded for a while ;)
@@ReneBalke The broker I'm using traditionally only offered crypto, indices and synthetics, but only recently added forex. To make this new forex option attractive to users it's truly no commission with low spread. spread has been below 1pip all day, I've been monitoring it with a spread indicator. I didn't initially believe it either, but it's legit. It's Demo, but I will monitor it with a live account tomorrow just to be sure.
@@garyknoetze In eurusd a spread < 1 pip is kinda normal.. for non commission accounts it is usually around 0.6 to 0.8 pips ;)
@@garyknoetze Generally the commissions plans are far better and serious than fixed or augmented spreads, i've done the maths on a lot of brokers.
And commissions will be what you'll get on serious websites like interactive brokers
@@garyknoetze “below 1 pip” actually isn’t that low on EURUSD - “below 1 pip” could be 0.6-0.8 which is huge. My broker EU is usually 0.2-0.3 but I pay comms
hi， i am a new subscriber to your channel，i would like to thanks for your effort in making videos sharing a lot of good idea with us.
After watching this video, I have an idea on solving the slippage problem， is it avoidable if we have a program to monitor the bid price and ask price instead of monitoring the closing price. for example，we buy 1 lot usdeur with price 1.4000 ，then we monitor the bid price ，if the bid price reach our desired level， the program immediately send a market order to sell it ，in the moment just assume the program can check if the bid price volume is larger than the volume we would like to sell first , that
Is, when the bid price is now 1.5000 , a market order is sent immediately . In this case if we have a fast vps with low ping latency, do you think the slippage problem will be reduced?
Just a brainstorm idea, thanks for your effort in making the video again
Hey, welcome on the channel :) I don't think the slippage problem is easy to solve. The main problem is that the price can jump over your SL lines. And in this case you kinda have to options: 1. Close at the current (worse) price 2. Hope that the price will come back to the SL level what is not guaranteed
..
Both options suck but that is just how it works :/
For the stoplosses in profit or loss section i have guaranteed stoplosses on my broker ,I pay I think 1 pip more if the stoploss is touched and i get all the time the exact price that i want.
Hm sounds interesting but 1 pip is a looooot. If you pay this for every trade it will add up to a big sum.
Rene try using this system with US30 indeces instead of forex, the ability to make much larger amounts of pips is huge compared to forex !!
Hey René, I saw that your demo account is about 95ms ping, if you use like
I honestly don't think if has a huge impact.. The ping is only important for the time it takes for your orders to reach the server of the broker. But the main problems come with the execution of the orders on the server of the broker. And as far as I am informed the ping has absolutely zero influence on this :D
@@ReneBalke Okay, vielen dank 😀
I'm guessing the volume in both accounts start becoming different because you are risking a percentage of your account, and both account start to have different balances.
Thanks for the content
P.S. I do like this format of video
Yeah I think I will test this for a while and observe it :)
Sehr interessant 😃
Thank you soo much♡
Hello
Thank you for all these wonderful and useful videos ♥️♥️🔥
There's a robot called(autopilot pro)
Can you check it for us and make sure it's correct?
Big like 👍
That's why I no longer use demo accounts. I develop and optimize my strategies only under real accounts.
Yeah there is a difference I think 🤔 But it takes so long to test in real time. At some point you will also need the tester ;)
@@ReneBalke ... the tester can be used on one's real account and it uses the real history data. In my case, I have rented a VPS from MQL which is associated with my real account, on which I have real money. I develop my EA's in local using the real account, and when it's ready I transfer it to my VPS.
As a test: try to create a real account with your broker without depositing any money initially.
@@torpedo0101 I already compared it. It did not really work because the tester does not give the same slippage as the live trading unfortunately. At least not for the trades that I compared ;)
Is your tester running while you have the same trading account open in the VPS? Because that makes it comparable or not. Yes, confirmation is important Big Likes!
Hm no I used a different account for the tests I think. Do you think it makes a difference if I use the same account? 🤔
@@ReneBalke Every account has different settings setting up the trading account so yes it makes a difference.
Super random, but did you study anything? Maybe computer science or engineering? (also love the vids :)
I studied business administration :D
I learned coding via TH-cam ;)
@@ReneBalke that gives us hope, that things like what you do are possible for the rest of us :)
@@stanleymusiime1601 absolutely!! You just need some patience :)
Hi René. I wanted to purchase your Mt5 masterclass course but first, I want to know if its possible for one to code an algo that can utilize different timeframes at once that is to say analyzing using m5 timeframe but entry based on m1 timeframe. More like the time frames goes hand in hand if a certain thing doesnt happen on m5 the algo be commanded not to take trades on at all on m1.Can one be able to construct a stratergy based on combining diffrent timeframe simulaneously after taking your course? Thanks in advance
Yes that is possible and you should definitely be able to do that after you finished the course ;) Have fun learning and programming :)
please can u test the trade bot WallStreet_Crypto_v1.0?
Rene can you explain how TSL, TSL trigger points work on this EA. Copied the source code. Seems like on my platform EA doesn't closes positions with trigger points. Is it pips (1pip = 10points) or something else. For me i thought 5 tsl points mean when price enters in TP area after 5 points TSL activates once price backwards it should close the orders. Is it right?
Can you share a free EA
Bro I literally shared this EA in the video :D
Watch the last video on this channel and you will see ;)
I like that.
How to get your awesome ea.
Hey, check out my previous video. It is a programming tutorial for this EA.
That commissions are high
Do you think so? Actually it is quite normal for a raw spread account 🤔
IF your scalping for 5 pips or less, you will not make enough profit in the long term after trade costs and slippage...When I scalp, I shoot for 10pips average. Unfortunately US residents don't have much choice of brokers to choose from. Sure, some offshore brokers allow US residents but you are taking a big risk since most of them have sketchy records and if they went out of business, you would lose all your money. I would never send more than $500 to an offshore broker.
IC Markets Good support?? 😂
They were always able to help me whenever I had a question. Did you make other experiences and what was your question about?
@@ReneBalke Yes! I just had to quit ICM because the support was so bad, but perhaps that's my luck. There are a lot of bad reviews on FPA as well. It looks like they outsource their support, that may explain why they are so clueless about everything.
EA sir
Sir I want to check this on live Real $10 account
If (René > Legend){
Alert("Massive Like");
}
Haha ❤️
👊👏👏👏💯👌
How to work with your ad to contact you
Best way is in the TH-cam comments. But I do not really provide any service anyway :D
@@ReneBalke OK
i'd add a spread condition, like
CSymbolInfo m_symbol;
.
.
.
if(m_symbol.Ask()-m_symbol.Bid()>InpAllowablSpread*m_symbol.Point())
return;
Yeah but that does not really work with pending stop orders for the entry ;)
@@ReneBalke isn't there like a beforeTransaction function or something like an interceptor exactly before the sell/buy stop is executed?
Just asking
@@Someguy10775 Not really... I mean you could just place a limit order or work with market orders. I think you can define the max slippage for market orders. But the problem is not the entry.. The main problem is the exit using a stop loss.. In this case you cannot really decide if you WANT to take the SL price. You kinda have to because otherwise you risk losing a looooot if the price never comes back.
There is a ea on mql5 that is pretty awesome and cheap name “Crash Warrior” pretty awesome if you ask me
It is on my list. I will make a poll in the next days to decide what EA I will test next ;)
What you
Can do to improve the profitability is multiple tps and profit lock until it’s reached. Yo maximize the difference between common and pips in profit.