Anti Martingale Hedging Against Fibonacci Martingale (Strategy and MQL5 Code Explained)

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After not being profitable with manual trading I found success by automating my trading strategies. This made me overcome emotions and helped me to execute my strategies perfectly. On this channel I talk about the changes that came with automation and explain how you can code your own trading bots. You will never find fake trading on this channel and no lies. I show trading as it is - the good and the bad sides.
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[@ReneBalke]

Hey Guys, find the community here: 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 KZbin 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!

[@MrHumbleOne]

Hi Rene, when will you upload this code to the skool community.

[@jamestiong2279]

Is there a charge for the community grp if we just there for discussion and not downloading any EA? If its a community discussion grp for ppl to discuss and contribute/share ideas, why should there be charged? You should separate discussion with any chargeable downloads.

[@MrHumbleOne]

@@jamestiong2279 he has to eat for all the hard work he does, you can always watch the hundreds of free yt videos that René produced, free of charge.

[@ReneBalke]

@MrHumbleOne done already

[@MrHumbleOne]

@@ReneBalke I found it in the op from the member! A dedicated grid class would be beneficial I think for the skool members

[@MrXvellis]

Thanks for this concept looks interesting For sure it deserves a more detailed consideration

[@smetljesm2276]

Profit pine looks stable, but like you said most big profit increases come from martingale, DCA recovery side of the grid. Keep that as it is but i would like to see a version that doesn't close the initial position when another one is opened but adds a other one to the previous. I think it would make the profit curve rise a bit faster. It would also reduce overall drawdown and naturally increase total profitability. Please try

[@johnmccartney4725]

Interesting strategy. I think it would be a good idea to have an option to input a profit target and when this is hit all trades - both buy and sell, would be closed and the EA would start again from scratch. If the user didn't want to use it then just put in a very high amount that will probably never be hit.

[@FighterFred]

If the trend continues the drawdown from the losing position will kill the equity.

[@rbauer961]

Not if you have infinite margin 😂

[@FighterFred]

@@rbauer961 What?

[@rbauer961]

@@FighterFred It's a joke. All martingale strategies fail for the reason you point out, no matter how complicated you make them. They all fail eventually and all is lost. The strategy assumes you have infinite money to cover losses

[@XXTJARKYXX]

Cooles Video wie immer danke rene

[@michaelmulungi8872]

What if the direction in the losing side continues and never returns and you keep stacking to losing positions

[@gilles5309]

nice thumbnails

[@BruceLeaak]

i don't like martin the gäy but i like your art of explaining : )

[@aldairvanegas4470]

💀

[@currentstate8473]

Would it have been redundant to use DEAL_REASON_TP/SL next to DEAL_ENTRY_OUT?

[@ReneBalke]

hm yes I think so because it does not really matter if it as a tp or sl that closed the position.

[@currentstate8473]

@@ReneBalke I see

[@WalidhappyAmri]

Why don't you just close the losing deal and open a new deal in the winning direction instead of leaving it running and then close them both at the same time? It's like hiding them loss behin the winning trades, but loss is a loss anyway.

[@jakefreeman2538]

It's microtrend and macrotrend

[@ReneBalke]

I mean.. you never know what the market does next right? But if you do know then I totally agree with you. In this case I would also only open the winning trade.

[@WalidhappyAmri]

@@ReneBalke you didnt get my point sorry, when you open two positions sell and buy and you choose the sell direction and add a new position (winning direction ) and then close all the deals, you could have closed the Buy position when you opened the Sell and the result is the same , but pyshologically its better to close them both when you are winnig overall (its the same ) . :)

[@rbauer961]

​@@WalidhappyAmri He explained that it was easier to code it this way but will improve it later to use existing orders and to use pending orders instead of market orders

[@WalidhappyAmri]

@@rbauer961 yes I know, so basically the strategy consists at openings a sell and buy at the same time and then once the price drops it adds a second sell order so in a way to have one Buy (losing) and two sell ( 1 winning that offset the losing buy and one sell that hopes for the price to drop to close all the positions in profit), my point is why just don't you close the initial buy and sell trades before opening the second sell? Why waiting for the overall profit to close? Just close them and open your sell and get your profit from the sell and that's it, at the end the profit made is the sell order.

[@gracefulbeats7581]

🎉👍

[@MrSokoban]

Nöö, das ist mir zu anstrengend.Allerdings kann ich dich verstehen . Soviel Abonnenten wie hier wirste in deinem Heimatland niemals erreichen !! Weiterhin viel Erfolg und Good luck from old Germany😄

[@ReneBalke]

okeee :D:D ich habe mir aber fest vorgenommen, demnächst auch wieder was auf dem deutschen kanal hochzuladen.

[@Pulmol7]

lol ich habe gar nicht gemerkt das es englisch ist bis ich deinen kommentar gelesen habe :-D my brain makes no unterschied with the sprache :-D anyway guter content as immer :D danke you

[@MrSokoban]

@@Pulmol7 LoOOOHOOOooll

[@Владимир-л5ь1д]

Hello, I tried to code a slightly different strategy that you showed in this video (kzbin.info/www/bejne/m3PTcqiknNWckKcsi=2BASd3GBj3YOdQHh) I was able to open grid orders in any direction in one method