Hey Guys, I just updated the mql5 market version of the Range Breakout EA. You can also set the SL in percent now and filter the range size in percent. Find it here: www.mql5.com/en/users/bmtrading/seller Also check out my new community: www.skool.com/automated-traders-elite/about I just created a community for everyone who wants to interact with other algotraders. I will also upload the code files from all of my RUclips tutorials (from now on) to this group. The code of this DCA Strategy is already uploaded and waiting for you. This saves you from the hustle of copying everything if you only want to test the EA or make some adjustments. Hope you like it! Let us all grow together!
Thanks Rene, great info. For those of us that are still just experimenting it gives us an idea of what has been working on different markets and a baseline for us to start from. Appreciate it. I will be joining your community.
No I never send/recommend any settings. But I think my FTMO sets are already public on RUclips. Nevertheless please do yourself a favor and make some tests on your own. You will never get a feeling for a strategy if you just copy someone else.
Some “subjectives” but also can get pretty in depth. (Potential for dozens of videos on all the parts- Recommend using functions to keep everything clean and easy to understand what part does what) Rene did do a stab at “ICT Silver Bullet” (check past videos) Here’s some things you could incorporate depending on ambition :) (and also highlights how complex it can be) Multi timeframes helps to analyze. Higher tf for “premium “ and “discount “ (Support and Resistance) and overall trend / bias. -if bias is uptrend, only buy if in discount - lower 50%, if in downtrend, only sell if in premium-upper 50% of the latest resistance-high / support-low ) Lower tf for entry. - looking for sweep of liquidity -looking for a choch (on lower tf) when in an area of interest (S&R / order blocks / etc from higher tf) as a potential trend reversal (on lower tf) -choose entry type such as OB / FVG / S&R Unmitigated fvg that has displacement. ( counting left to right, if first bar is an inside bar to the previous bar, use that previous bar as the first bar for calculating fvg) Stop past the “swing” (high / low of the recently swept liquidity / OB / FVG ) Target the Support/ resistance (imo should have a MINIMUM 1:2 Risk:Reward) May Take partials (X pips / points or when 1:1 RR hit…. Move stop to BE when partials taken. Optional trailing stops (and trailing methods of choice examples: ATR, lower tf higher high / lower low, X points, ADX / DI+ DI-, or whatever )
First of all, i highliy appreciate your work and all the stuff you share. Thanks for that René. One question. The free version of the range breakout EA doesn't have a SL Option as shown in the video, correct?
thank you rene for this great video. I have just one question, regarding the DE40 breakeven in breakout strategy, the 0.2% for BE is the current price from the open price right ?
I love this content!! I would like to know if you re-optimize your strategies from time to time, and if so, how often? Or do you use the same configurations for years without optimizing?
Great video Rene. I love the way you are so transparent and happy to share your knowledge and actual live trading settings. A great video to see would be a breakdown of how each of the 12 are performing on your live account. Maybe you have a link to look at this online somewhere already ?
You mentioned broker time. Obviously to really make use of your kind sharing we need to know how broker time and GMT relate :) Could you let us know that tme difference
You may already have done a video on back-testing that shows the details of when a system shows good results, but then it stops and goes flat or goes down. To illustrate your points, maybe do a video with over optimization on a time frame of a few months, and then load more data. Maybe switch to older data, or a market with different characteristics, such as highly manipulated instrument. So that people inexperienced with back-testing will understand how fragile the settings can be.
Yes as I always said before... it is not the same version. But many people learned how to code with my videos or my course already. So they can easily modify and rebuild the EA. Also the version from my stream is not better than the mql5 version. It is just different...
Hi Rene, könnte ich auch mal mit 100 Euro anfangen die Eas laufen zu lassen? Oder dann nur 1 oder 2? Wenn ja, welche? Hab mich eben mal registriert und meinen MT5 Account bei icmarkets an dich binden lassen. Grüße
Hi Rene, I recently tried to make a sort of liquidity grab program which puts fractql highs of a higher timeframe in a lower timeframe Chart, but im currently Stuck. Could you do a video on this topic?
The question is totally irrelevant. Amount of return and thus how fast certain sum can be made is dependent on capital size.. the question should be what was the % return on average per month and also drawdown
Hello Rene I hope this messege finds you well, I would like to go off topic since I need help with my Binary Options indicator. It doesn't show on the chart and I would like you to help me with the backtesting of previously plotted signals, showing the wins, losses, win-rate and I don't want it to randomly get removed from the chart. Your help would be highly appreciated. Regards South African Subscriber
He's a programmer first and sells programing courses for his complex stuff, much is presented free here on RUclips. I personally don't think that's an issue
@@jewjewbees24 my point is if his programs work so flawlessly on forex then he should just be able to go on vacation and drink margaritas on the beach while the bots work for them. He wouldn't need to sell you any courses and get money from you.
He also started selling courses before he was using bigger money for real trading. Also he never stated he makes his money from trading alone. He has many different incomes and his eas are one of them.
René, „strategies“ 1-3 are going to wreck you in bear markets. Please, add at least some protection filter (e.g. Daily close above SMA200). You make me nervous.
![Testing the BEST MACD Trading Strategy [86% Win Rate] from TRADING LAB](http://i.ytimg.com/vi/ab3JWfkUr-A/mqdefault.jpg)
Hey Guys, I just updated the mql5 market version of the Range Breakout EA. You can also set the SL in percent now and filter the range size in percent. Find it here: www.mql5.com/en/users/bmtrading/seller
Also check out my new community: www.skool.com/automated-traders-elite/about
I just created a community for everyone who wants to interact with other algotraders. I will also upload the code files from all of my RUclips tutorials (from now on) to this group. The code of this DCA Strategy is already uploaded and waiting for you. This saves you from the hustle of copying everything if you only want to test the EA or make some adjustments. Hope you like it! Let us all grow together!
Rene, since you are giving your EA for free and you said you don't mind share the setting, why not just give the mt5 template?
Great idea
But when i click the link, the ea is about 100 -200 usd. Quite expensive from me in indonesia :)
You seem to be one of the minority of legit people in the space, great work, appreciate your knowledge
Thanks Rene, great info. For those of us that are still just experimenting it gives us an idea of what has been working on different markets and a baseline for us to start from. Appreciate it. I will be joining your community.
If I buy the Range Breakout ea on mql 5, do I also get the different versions and sets for prop firms?
No I never send/recommend any settings. But I think my FTMO sets are already public on RUclips. Nevertheless please do yourself a favor and make some tests on your own. You will never get a feeling for a strategy if you just copy someone else.
Hi Rene, can you do code tutorial for smart money concepts, SMC trading strategy
hard to automate because it is highly subjective. but maybe i can give it a try.. i will do some research in the next days.
m.ruclips.net/video/plhWMmmgZj4/видео.html
Possible
Some “subjectives” but also can get pretty in depth. (Potential for dozens of videos on all the parts- Recommend using functions to keep everything clean and easy to understand what part does what)
Rene did do a stab at “ICT Silver Bullet” (check past videos)
Here’s some things you could incorporate depending on ambition :)
(and also highlights how complex it can be)
Multi timeframes helps to analyze.
Higher tf for “premium “ and “discount “ (Support and Resistance) and overall trend / bias.
-if bias is uptrend, only buy if in discount - lower 50%, if in downtrend, only sell if in premium-upper 50% of the latest resistance-high / support-low )
Lower tf for entry.
- looking for sweep of liquidity
-looking for a choch (on lower tf) when in an area of interest (S&R / order blocks / etc from higher tf) as a potential trend reversal (on lower tf)
-choose entry type such as OB / FVG / S&R
Unmitigated fvg that has displacement. ( counting left to right, if first bar is an inside bar to the previous bar, use that previous bar as the first bar for calculating fvg)
Stop past the “swing” (high / low of the recently swept liquidity / OB / FVG )
Target the Support/ resistance (imo should have a MINIMUM 1:2 Risk:Reward)
May Take partials (X pips / points or when 1:1 RR hit….
Move stop to BE when partials taken.
Optional trailing stops (and trailing methods of choice examples: ATR, lower tf higher high / lower low, X points, ADX / DI+ DI-, or whatever )
Yes please, I've been trying to automate my strategy with OrderBlocks
First of all, i highliy appreciate your work and all the stuff you share. Thanks for that René. One question. The free version of the range breakout EA doesn't have a SL Option as shown in the video, correct?
Correct
Video starts at 6:28
thanks i had lost hope
How you cal your lot size and SL position?
Rene thanks for explaining everything clearly and honestly.
Do you do offer on the master class?
Hi rene,
how do you cut your videos?
Camtasia, pretty basic program nothing fancy
I would advise you to use a stop loss on your Go Long and Turnaround Tuesday strategies to get protection from stock market crashes
thank you rene for this great video.
I have just one question, regarding the DE40 breakeven in breakout strategy, the 0.2% for BE is the current price from the open price right ?
yes correct 0.2% of the position open price
I love this content!!
I would like to know if you re-optimize your strategies from time to time, and if so, how often? Or do you use the same configurations for years without optimizing?
Actually I use the same settings for years if nothing unexpected happens
Great video Rene. I love the way you are so transparent and happy to share your knowledge and actual live trading settings. A great video to see would be a breakdown of how each of the 12 are performing on your live account. Maybe you have a link to look at this online somewhere already ?
Sure just check out the monthly analysis videos on my channel :)
For your range breakout EA, are the times in GMT timezone or is it server time?
broker server time
You mentioned broker time. Obviously to really make use of your kind sharing we need to know how broker time and GMT relate :) Could you let us know that tme difference
You may already have done a video on back-testing that shows the details of when a system shows good results, but then it stops and goes flat or goes down. To illustrate your points, maybe do a video with over optimization on a time frame of a few months, and then load more data. Maybe switch to older data, or a market with different characteristics, such as highly manipulated instrument. So that people inexperienced with back-testing will understand how fragile the settings can be.
What is TimeFrameRangeCalculation for? Thanks!
Has no influence on the strategy. It is just for testing if someone does not have enough M1 data.
Top Guy. Amazing inspiration what can be done with simple rules. Thank you!
Thanks for the effort , appreciated
sir can you explain me why not using donchain channel strategy that you was build before thanks
I use it but not in this account
big thumbs up to you for constant sharing and being transparent
👍
you're a good guy
@ReneBalke why don't you use stoploss in your trades?
Rene, maybe just make a video on how you search for the "best" parameters? step by step, assumptions, tests, testing period, selection criteria, etc.
Did this already :) i have multiple videos about my optimizations on the channel ;)
the settings shown in the video are not available at the EAs in the mql5 marketplace... so fare makes no sense :-(
Yes as I always said before... it is not the same version. But many people learned how to code with my videos or my course already. So they can easily modify and rebuild the EA. Also the version from my stream is not better than the mql5 version. It is just different...
Hi Rene, könnte ich auch mal mit 100 Euro anfangen die Eas laufen zu lassen? Oder dann nur 1 oder 2? Wenn ja, welche?
Hab mich eben mal registriert und meinen MT5 Account bei icmarkets an dich binden lassen.
Grüße
Ich glaube die Mindesteinzahlung bei ic markets beträgt 200 usd. Den Programmen ist es aber komplett egal, wie viel Geld auf dem Konto ist.
danke für die Antwort. Ich meine eher, macht es Sinn mit 200 zu starten? Oder reichen die nicht aus für einen möglichen Drawdown der EAs?
Can I use the setting of XAUUSD for MT4 version? I can't find the Maxrange percent in MT4 version!
Did you load the latest update from today?
How do you position size when you have 12 pairs? At max you must be risking 12%?
ruclips.net/video/91jV7AjbBSc/видео.html
that's nice of you. thanks
Congrats Rene
Thanks. Amazing that so simple strats can be profitable. For FTMO, I presume you use SL to avoid their 5% limit?
There is no particular reason for the different SL. None of these versions is "better". It is just a different approach.
Hi Rene,
I recently tried to make a sort of liquidity grab program which puts fractql highs of a higher timeframe in a lower timeframe Chart, but im currently Stuck. Could you do a video on this topic?
Very Great Job Rene
I have faith in you René
25k in how long?
about 7 month. you can find monthly analysis videos on my channel with more details :)
The question is totally irrelevant. Amount of return and thus how fast certain sum can be made is dependent on capital size.. the question should be what was the % return on average per month and also drawdown
Do you have myfxbook or something like this to see DD and your EA performance?
Please how do use the low or high of my entry point for stoploss
Hello René, in how many months did you go from 15k to 40k? THANKS
8
thank you
Many thanks Rene, it is very helpful.
Appreciate ur honesty mate, greetings from Indonesia
Hi mate, can i use icmarkets n ur ea using only 500usd?
Hello Rene I hope this messege finds you well, I would like to go off topic since I need help with my Binary Options indicator. It doesn't show on the chart and I would like you to help me with the backtesting of previously plotted signals, showing the wins, losses, win-rate and I don't want it to randomly get removed from the chart. Your help would be highly appreciated.
Regards
South African Subscriber
Hello. I would like to send you a strategy in PDF format. Maybe you would be interested in creating a program based on it?
Good job Rene. Not many will share their strategy publicly. What is the motivation for this generosity? Thank you.
Doing it for the clicks and RUclips money! Haha why should I not share it? I do not lose anything if I share what I do so I do not mind :D
Totally awesome. Hope one day I can be a successful EA seller like you. :)
Rene could you make a meta trader 5 bot? The las 5 years has 17kdd and 300k profit but is in tradestation, is easy to understand the logic
Could you share the strategy or a link to it?
I would like help or your services to clear errors in an MT5 Code I have
You can join my new community if you need coding support: www.skool.com/automated-traders-elite/about
If you are earning money from automated trading why would you sell courses? You can just live off trading and share the knowledge for free.
He's a programmer first and sells programing courses for his complex stuff, much is presented free here on RUclips. I personally don't think that's an issue
@@jewjewbees24 my point is if his programs work so flawlessly on forex then he should just be able to go on vacation and drink margaritas on the beach while the bots work for them. He wouldn't need to sell you any courses and get money from you.
He also started selling courses before he was using bigger money for real trading. Also he never stated he makes his money from trading alone. He has many different incomes and his eas are one of them.
PLEASE PAY ATTENTION.
Hey, my dear, hide your VIRTUAL SERVER IP address.
René, „strategies“ 1-3 are going to wreck you in bear markets. Please, add at least some protection filter (e.g. Daily close above SMA200). You make me nervous.
Yes they will create huge losses in bear markets. But do not be nervous. I am losing money but you are safe :)
Don't forget to clickthe like button for my G , always transparent. 🤖🤖automation to the world
Thanks!!
i pressed on the link for the free E.A. but i didnt find any free E.A.!!
Hm how do you mean? Is the link broken? :/
The link works ,it takes me to your page .But i dont find any link of E.A. code to download