Hi Ryan, I noticed, that you have doubled the lotsize on your last algorithmic trades. Did you change your money management ? Thanks, Oliver

The REAL Traders Video Journal, 3-5% per month as a US trader

My advices: Hire a coder, explain your demand in your words. If he knows his craft, he should be able to translate your ideas with some precise questions into program logic. Make sure, that you receive the source code. Meanwhile, you can start ...

The REAL Traders Video Journal, 3-5% per month as a US trader

I generally agree to your positions. I only intended to point out, that is necessary to protect an EA to enter trade after trade in very volatile situations.

The REAL Traders Video Journal, 3-5% per month as a US trader

Look at post 110, picture 4. This is an example of a huge drop. Without some kind of momentum filter, the system would have openend lots of trades within this one 1400-pips-candle and would have probably wiped out your acccount. Approaches to face ...

The REAL Traders Video Journal, 3-5% per month as a US trader

Maybe not in the text, but he explained it in one of his videos.

The REAL Traders Video Journal, 3-5% per month as a US trader

... this is not a signal according to his rules - for a short trade, it must be a red inside candle after a green one.

The REAL Traders Video Journal, 3-5% per month as a US trader

Ok, thanks, I will have a second look at it.

The REAL Traders Video Journal, 3-5% per month as a US trader

Here is the link to the trade explorer, mentioned in post 120. I decided to open a trading journal to be able to update the thread: url

The REAL Traders Video Journal, 3-5% per month as a US trader

Yes, I know this thread, but I usually don't trade EA's that I haven't created or adapted myself.

The REAL Traders Video Journal, 3-5% per month as a US trader

The second testing cycle is done. Our enemies in backtesting are curve-fitting and over-optimization. Another sign of robustness are setups, that work across multiple pairs. I found a setup, that shows good results across 9 pairs (the 8 pairs listed ...

The REAL Traders Video Journal, 3-5% per month as a US trader

If you want to learn mql-coding from scratch, search for "Jim Dandy Forex" oder "JimDandy1958". He offers detailed commercial courses on mql4 (which is easier to start with). But there are a lot of free videos on youtube as well. I watched some of ...

The REAL Traders Video Journal, 3-5% per month as a US trader

For now, I don't know. I take step after step, my focus is to create a promising EA and to see, how it works on a live account.

The REAL Traders Video Journal, 3-5% per month as a US trader

Yesterday I finished the first testing cycle. As in this case, backtesting can be an endless, time-consuming business, I use a strategic approach. In my first cycle, I scanned all 28 pairs with a wide range of parameters, using the fast genetic ...

The REAL Traders Video Journal, 3-5% per month as a US trader

Lsst week, I started backtesting my EA on MT5. As a reference for further tests, I run a test with Ryan's original settings. You'll find the results Pictures 1 and 2. They are pretty similar to those Ryan showed us in his videos. During my tests, I ...

The REAL Traders Video Journal, 3-5% per month as a US trader

Hi Ryan, I will really miss your posts and videos. I wish you good luck and hope, that you drop by from time to time. Oliver

The REAL Traders Video Journal, 3-5% per month as a US trader

...sorry, I am 6 hours ahead and at work but will definitely watch this evening !

The REAL Traders Video Journal, 3-5% per month as a US trader

It is the nature of this kind of system to have rare, but fairly heavy drawdowns. Our main goal is trying to control those drawdowns. Your idea of hedging or building baskets with other pairs and/or timeframes is a good starting point. I'm about to ...

The REAL Traders Video Journal, 3-5% per month as a US trader

For those, who want to use MT5, here is my version of the RMI indicator. There is a version on url , which does it's job, but besides some extra display options, this version is performance-optimized for being called by an EA. This is especially ...

The REAL Traders Video Journal, 3-5% per month as a US trader

Another question: did your ever test to trade "outside" or engulfing candles instead of (or in addition to) inside candles along with the RMI ? Outside candle means for a long trade, that the low goes below, but closes above the previous candle ? ...

The REAL Traders Video Journal, 3-5% per month as a US trader