I Passed the myForexFunds Challenge First Try using a Forex SCALPING BOT
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Learn about the benefits of automated trading. After programming trading strategies for a while I started teaching how to program expert advisors for the MT4 (MetaTrader 4) and MT5 (MetaTrader 5). Until now I only did videos in German but now I will start this channel with English videos to reach a larger audience of traders and help them improve their trading. There will be no fake trading on this channel and no lies. I show trading as it is – the good and the bad sides. Stay tuned and subscribe because you don’t want to miss 😉
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Trading in derivative products such as futures, options, CFDs, Forex and certificates involves a considerable risk. These products are not suitable for every investor. Investors could potentially lose all or more of the original investment. If anything, only money that equals personal risk capital and can be lost without jeopardizing financial security or lifestyle should be used. Partially or fully automated trading programs can only be used to support the trader. Past performance is not an indication of future results.
Vídeo
which ea that was can you share it?
Isn't it against the rules to use EA on the MFF accounts?
Hi rene, i’m using the scalping project to pass a challenge with another type of prop firm, i’m using the bot at the m15 tf and the SL at 100 anche the TP at 150, with the distante point at 100 and tslpoints and tslpointstrigger to 5, because is very profitble according to my test, but now i have a slippage problem because in some situation i bring a stop for the slippage, because sometimes the positions opens at about 0,3 pips over or under so the tsl not work very well. How can i risolve this problem? Thanks for your time anche for your coding.
Bro, how much for the bot?
Ive made an ea similar using the help from the coding explanation video on it. I've changed a couple of things and added some new settings – I'm happy with it – it makes good results but i think i need to adjust some code with the bars as sometimes it doesnt place the orders where they should be, sometimes its just on a random low that isnt the lowest low for example. Anything i should check or change? Thanks
So, trading with lower risk say on 1>2 percent would possibly still pass?
My advice is if you do pass a challenge, do zero trading on the live account or with very low risk and breakeven at all trades and wait for the refund from the challenge after 30days.
Hi Rene I love your vids congrats on your Win. Your EA scalper has worked well for me this first week on live 5K acc. 4Wins 2 USDJPY & 2 EURUSD 1.8% profit with 2% SL.
Was "my forex funds" the best fit for you strategy and style.?? Some more prop firm summaries would be good (the prop forms that allow MT5 & EA) of course.
Hi Rene, are you using the default settings on your EA?
What ea did you use? Is it available for the clients like us? Thanks god bless
Congrats Rene, is it a commercial EA ,or an EA you programmed?
Is it just me or the MyForexfunds website is often down all the time
Whole your channel is pretty gangsta shiet, very Jigachad content
Do you use the same magic number for USDJPY and EURUSD due to combined max drawdown?
Congratulation, Carry on Brother. You are Amazing!
Hello Rene good day! such great videos to learn, id like to ask if you have telegram id? I just want to confirm cause a lot in telegram using your name and some might be scammer. By the way, is it possible to have a tool to check the volatility of a certain pair? It enables the Algo Trading when volatility is huge or the other way around.
Rene, I have an important question for you and the scalping project EA. Do you think it’s better trading the EA on one account + on one pair? I’m concerned about the compounding affect on a loosing streak. Drawdowns could be a bit rough if they are experienced on both EU and UJ at the same time while risking 5%
Is there telegram group that we can discuss ea settings ?
"Scalping Project EA" is for forex pairs only, or does the code have restrictions if I use it on indices?
Congratulations! I have a Q. Unrelated to FX. What about crypto platforms and the expert advisor? Or what are based on your knowledge/info the bots that one can look at? Ty
Congratulation Rene !! I didn't have doubts to be honest. I am gonna thinking to buy your EA bot ! I really looking forward to have you coaching ppl about programming + trading ! Well done once again
Congrats Rene! Could you share the set file for both pairs? To use in backtest using your EA?
Hi René, just a quick warning for you…if more people will start using your EA and it remains profitable, they will kick you out in a few months at latest. I wish more people would talk about this because in my opinion they are not fair. As long as people are losing money/challenges or blowing accounts 'EA's are allowed without any problem' but as soon as you have passed the challenge and use that same EA, after a couple of withdrawals (at most) they will check your account (by comparing trade entries/exits, SL and TP, trade comment and/or magic number) and if you're using a public EA they suspend your account and you get 'flagged' for copy trading. After explaining that it's an EA they just tell you that too many people are using the same EA and that's the end of that. Gone account. In my opinion that's nothing less then a scam. they should simply say that public EA's are not allowed then but they don't because a lot less people would attempt the challenges.
You might get away with it if they know who you are and what the size of your YouTube channel is but others simply get kicked out
Is this Bot Allowed For LIVE Trading. Seems like it would almost be impossible to offload your trades to the real market (slippage) unless they let you directly trade the feed (but dont all trades go through their evaluation system?).
Are you trading only 2 pairs?
Your robot can filter out news event?
Congratulations René! You are very transparent and honest about your result, and you have my respect 👏 The EA only encounters 1-2 losses, which is very rare or perhaps "lucky" as you have said in the video. Anyhow, it is not about this scalping EA. I have learned so much about MT5 coding in your channel. Thank you and keep pumping more content. Good good!👍👍
Dude well done! It's been a real pleasure watching you achieve this. I have plenty of hope now!!!
Congratz on passing the challenge! Your tutorials helped me alot btw. Now I'm working on my own EA and I'm stuck somewhere. So I have a custom Indicator and I'm using this in my EA. I use #define IndicatorPath "Indicators\customindicator.mq5"
#resource "\" + IndicatorPath
#define Indicator "::" + IndicatorPath
HandleExample=
iCustom(Symbol(),Period(),Indicator,0,0,0);
Now it says as an error: "Unknown resource type". Do you have any idea why this is? Or do you maybe have a video where you use a custom indicator in an ea which I can see so I can follow along and maybe write my code differently?
Once again thanks for all the value you provide to us!
Congratulations Rene. I don't know whether it was luck or not. But the execution was really good. Maybe it is a good idea to reduce the risk per trade for the live account onwards? Just for the sake of the sustainability of the account. For the scale up program we only needed to reach average of 2.5% net profit per month for 4 months.
Which VPS did you use for the challenge?
Wow, nice job, congratulations! René two Quick questions. If I buy the EA in MQL5 you will send me only the .ex4 or can I have the mq4 file? and MT4 EA have the same results than MT5 accounts or any difference exist, just to understand what EA is a better option to buy? thanks sir.
Hi Rene, were you using default setfile to pass the evaluation?
Lucky yes almost 90% win rate is somewhat lucky, but with your trading style I'm sure you can pass another challenge. As smooth or as high win rate as this one I don't know
Very well deserved. Well done Rene!
The hard work and effort you put into building your EA isn't luck. Enjoy your achievement and I hope you pass challenge #3.
Great great great EA I am testing it with dope results! What are your inputs for pairs? Second question is did you removed a orderDistancePoints from EA which is on mt5 market?
Thank you
… you can use it for GBPUSD as well with times 12-18hours
Excellent Rene!
Gratulation! Tolle Leistung! Ich bin schon gespannt auf weitere Fortsetzungen, denn auch das Thema Prop-Trading ist noch eine Marktlücke und für viele Trader interessant!
Congratulations Rene that's a big deal. Hope the withdrawals remain consistent!
Well done Rene, it will be interesting to see how things go over the next few months. I got funded with another prop firm TFF. They offered a full refund for the challenge along with the first payout, or the option to reinvest it in another challenge FYI. Thanks for sharing your journey and I look forward to seeing how the bot performs in the coming months.
Congrats Rene, I can't wait seeing you cashout your first payment.
Gratuliere René, hey wie wärs wenn die community Mitglieder Ihre Ideen für EAs oder fertige EAs Open Source einreichen und du diese besprechen?
I wish you much success and A lot of money! Thank you for your knowledge and expertise you share with us all.
Well done Rene, awesome news. Looking forward to seeing the next phase.
Congratulations my friend well done. I only wanted to add what exactly you said. You were extremely lucky to have only 1 losing trade. People should understand that.
Best of luck to your next one.
Please would you shed some light (in a video) on MT4/5 being removed from app stores and regulated brokers in the USA perhaps traders will have to use a different software. I'm looking into Tradingview programming as all my ea's are mt4/5 and I fear i will soon not be able to use them.
Secondly, as for My Forex Funds being fair in your opinion, you use a scalping strategy. However, I have failed a few challenges because of the equity rule, but I'm a swing trader and that rule affects swing traders unfairly, so now I'm doing FTMO challenge, no restrictions and I trade how I like without being penalized.
Congratulations Rene, i hope you will continue to rock the live account
Is trading allowed on holiday days like tomorrow at mff?
can i buy ea? if you sell how can i buy
Sehr cool ^^ mega, dass du es mit dem ea hinbekommen hast. Würde ihn gerne auch mal ausprobieren, kann man irgendwo herausfinden, welche Einstellungen du benutzt hast bei der Evaluation? 😀