I Coded and Tested Nick Shawn's 99% Winrate DCA Strategy With 100% Tick Data for 10 Years

[@ReneBalke]

Hey Guys, you can download the code 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!

[@F_M_600]

Youb are doing here a perfect job on YT and i am near to you, that such a community might be perfect. But your price from $49/Month -in my opinion- is unrealistic. This only tells me, you are willing to get rich the next few month^^ Shure Skool cost something, but this is your choice, you can use any free bulletinboard and install it on a Server. I never will understand why someone decide positive for skool. You have no backend to dump you database, you can not change to another company or to change to your own server. Skool kills your flexibility from IT-side ;) Also skool is creap as consument, as you can not format your text bold, high, down, .... formatting stuff. If you need Support on IT side to install a Server, whatever just ask. ;) Back topic: 50$ / month for me is not realistic. Some key-points for me .... - I am profittable since years in real money, - I am working with my own strategies, - with my self written EAs - YT is just fun ... - I am not interessted in getting your code as a copy (for stuff like this is github and not skool 🤣 ) Every newbee should write every word and sign for his own, to catch all of the mistakes. So this service will only collect looser in your community. Just my 50Cent

[@dunknow9486]

The channel is too expensive as it is 49 per month and now it only has 1 code. Just don't make senses to sign up now. If you can put all the old code, I will signup. I don't understand what stop you from putting in old code, as you keep saying you are to say. Maybe you want more money??

[@RMKGER]

Love to see you back with programming tutorials as well as ideas for strategies. I think this is the perfect mix for your channel.

[@ReneBalke]

thanks! yeah it is a cool mix I think. also having a lot of fun creating new videos at the moment :)

[@MortezaFa-v9z]

😂

[@sbwent]

Great work René. Please keep coding EAs like this. I am learning so much.

[@OHMhome]

I love your coding videos! Thank you so much for sharing your knowledge, and importantly, reasoning! I hope to compile sections (trailing stops, recent highs/lows, wait for new candle,etc. ) from your videos into a template EA that I can use when I Frankenstein strategy ideas that would already contain my favorite bits. I wonder for instance, if recent highs/lows could be used as support, so I hope to get code from your video about trailing a stop at the previous high/low and Frankenstein it into this beautiful piece of work. You inspire me, Rene! Thanks again for showing me how to use code to catch opportunities when I’m not at my computer. I look forward to learning more about how to code from your course when I can afford it. Please keep making these awesome videos in the meantime!

[@ReneBalke]

Thanks for your commment!! Means a lot

[@OHMhome]

I mean it! 🤙

[@stefanschuetze1660]

Useful Improvements: Positionopening should be manual and then the EA should activate the DCA, Implement a function to set the number of DCA Levels manually, Let the EA close the position at a certain level of loss per Position with DCA, Let the user manually limit the number of pairs he wants to be in

[@jirka6058]

Do you trade this method manually? I think the key is to set proper number of levels and bullet sizes. Everything else is just execution. I like to manually open on potential swing points. Its better from probability point of view and win rate is slightly better then just random entering. Also volume spikes are good entries.

[@KangKendang69]

Hi Rene,...I'm from Indonesia I am very happy to find your channel Let me learn from your videos Thanks

[@artsoffinanceforex3255]

Rene I need help please I try to load my bots on mql5 it always reject it even if I use standard indicator

[@uchevictor2698]

Please how do I use the low or high of my entry point for stoploss on mql5

[@schimmi72]

Hallo Rene, danke für das Video! Ich folge Nick Shawn schon länger. Er macht ja sogar Einstiege per Zufallsgenerator, geht aber dann mit seiner Erfahrung in die Charts und macht dann Exitstrategien, mit denen er sehr profitabel ist (also entweder Breakeven, er nimmt Gewinne mit oder steigt aus, wenn es ihm so scheint, dass der Trade nicht aufgeht (wie in seinen letzten Videos). Leider nicht programmierbar. Was mich interessieren würde ist ein weiteres Video, in dem du den Optimierer nutzt und als Parameter die Lotsizegröße und Stoplosses verwendest. Ggf. auch mehrere kleinere Accounts, die dann zwar schneller kaputt gehen können, aber auch schneller verdoppelt werden können, aber nicht die Gefahr bergen den großen Account auf einen Schlag zu verlieren. Das geht natürlich auch mit dem großen Account, in dem man entsprechende Stops auf die equity einführt. Ich würde mich freuen, wenn du die Reihe weiterführst und die Strategie noch weiter hinsichtlich Ausstiegsstrategien und Gesamtrisikoreduktion optimierst. Vielen Dank und weiter so! Bin gespannt!

[@munitproductions82]

your videos are great, enjoyed the mini series and learn so much from following along 👍👍

[@kwamenaplays5899]

Clever work as always.

[@ReneBalke]

thanks

[@veeralbaichand8496]

Hi mr rené. Could you possibly make a video in the future on how to create a robot to gather data for a news event and possibly forecast the event direction with orders being placed automatically or as an indicator. Much appreciated for taking the time to make videos like this as well. Huge inspiration to a coder like myself that started only 6 months back

[@dixitkhosla5219]

Thank you for creating the video, it's great, it deepens our understanding. Thank you

[@ReneBalke]

I am glad that you like it :)

[@Tokamak_9]

The line goes up.

[@ReneBalke]

yes but always remember: with grid/martingale the line always goes up... until is does not anymore

[@johnng5195]

Thanks for the video, I have real account in martingale, Martingale is not a bad one but eventually there are 2 important ones that you have already mentioned , 1) invest what you can lose, and martingale is a risky one, so knowing what you can lose and afford to lose is key, 2) is the speed on earning profit and the frequency of losing or "blowing", the algo must earn faster than losing, and have a good recovery rate, with this a martingale algo can yield positive expected return. Finally thanks, I only know how to code multiple CCY in mql5 using dynamic array using struct, and you show me new CSymbol class which is really cool ( at least I learn), which make the program much simpler than I have to define a struct myself. Interesting though on using ATR.. thanks I did learn a lot on mql5 programming from your video.. ( I know c, c++ and java... but relative new to mql5, start learning from mql4 and mql5 a couple of months ago) .. now I have written my own ea and already tested in BT , demo account and put in real production real trade accounts for 2-3 months already.

[@ReneBalke]

thanks for your comment! sounds great. keep it up :)

[@julianmayer4127]

hi rene, have you heard about the gann HiLo indicator before? It's often used in martingale/grid EAs and helps prevent the EA form opening positions in impulsive markets

[@ralphhaan4163]

Good work! Can you also run a test on random entry? To see what difference it makes compare to set up entry. Also maybe interesting is when you are for example on sequence 0.01, 0.01, 0.01, 0,02( now close the first 0.01 trade) 0,02 (now close the 2th 0.01 trade etc.) . So you dont let the losing ones get bigger and maybe protect margin outrun. Grtzzz

[@ReneBalke]

Feel free to try some modifications in the code :) everything is possible with mql5!

[@giorgiomonteverde3857]

What you think about use the standard deviation indicator instead of the atr, i mean creat a kind grid of trades each time 1 or more SD the price reach or divide 1 SD in 2 equal part and add trades with the some principle both sh and lg?!

[@PeterS-p1v]

Die meisten dieser Gurus nehmen sich das Recht, den Deutungsrahmen unserer Sache mit einer solchen Vehemenz und Unnachgiebigkeit zu setzen, dass der Zuschauer beinahe gezwungen wird, sich einer vorgefertigten Sichtweise zu beugen. Was sie uns präsentieren, ist nicht selten weniger ein Angebot an Erkenntnis als vielmehr ein Gebot des Handelns, in dem die Freiheit des Denkens und der individuellen Entscheidung mehr und mehr in den Hintergrund tritt. Die Konsequenz dieses Vorgehens ist eine gewisse Entmündigung des Einzelnen. Denn am Ende folgt der Zuschauer einem abstrakten Befehl, der sich aus den vorgestellten Regeln ergibt - fast wie der Befehl eines Generals, der die Richtung vorgibt und dem sich das Heer ohne Widerstand beugt. Kaufe dies, investiere dort, handle so und du wirst Erfolg haben.

[@minnoxdnb]

Die Gefahr besteht darin, dass Zuschauer ohne ausreichendes Hintergrundwissen oder Erfahrung glauben, schnell Geld verdienen zu können. Das ist vergleichbar damit, dass ein Laie mit einem Skalpell glaubt, wie ein ausgebildeter Chirurg operieren zu können. Daher sollte man immer zuerst mit Demokonten üben und niemals sofort echtes Geld verwenden. Außerdem muss jedem klar sein, bevor er anfängt und den sogenannten Gurus folgt (die fast alle nur ihre Kurse verkaufen und KZbin Einnahmen generieren wollen), dass jemand, der jährlich kontinuierlich 20% Gewinn erzielt, bereits zur obersten Liga gehört. Mit höherem Gewinn steigt auch das Risiko, und somit die Wahrscheinlichkeit, alles in kurzer Zeit zu verlieren. Translation: The danger is that viewers without sufficient background knowledge or experience believe they can earn money quickly. This is comparable to a layman with a scalpel believing he can operate like a trained surgeon. You should therefore always practice with demo accounts first and never use real money straight away. In addition, before starting out and following the so-called gurus (almost all of whom only want to sell their courses and generate KZbin revenue), it must be clear to everyone that someone who consistently makes 20% profit every year is already in the top league. The higher the profit, the higher the risk, and therefore the likelihood of losing everything in a short space of time.

[@totati]

The multi symbol approach was very useful, thanks again

[@ReneBalke]

I am glad that you like it :) Thanks for the feedback!

[@aftab5391]

Which propfirm do u use for time range breakout except ftmo

[@ReneBalke]

I trade with FTMO and IC Trading at the moment. The trading platform is always MT5 (MetaTrader 5).

[@Peter-ny1nd]

thanks for video.. You can try to implement this for additional levels: 1. high/low of X(user defined) precedeng candles 2. high/low of Y preceding candles and so on,so on.. up to certain amount.. matter of optimizing afterwards.. great work, thanks

[@ReneBalke]

I do not plan to make another video for this series. But feel free to modify the code yourself to create the version you like most.

[@Peter-ny1nd]

maybe just an idea of another chapter in your masterclass.. I woukd really like to be able to properly code "previous X canlde high/low" for different strategies😊

[@ReneBalke]

@@Peter-ny1nd actually it is already in the masterclass and done in the range breakout coding to find the range high/low

[@Peter-ny1nd]

on the way there😅

[@Boozer72]

Where can i download this ea/code?

[@ReneBalke]

Check out the whole playlist (linked at the very end of this video)

[@ДжахаРатанс]

Hi, sir. I can't find your code, neither in the playlist description nor in each video, could you tell me exactly where it is?

[@ReneBalke]

@@ДжахаРатанс Just uploaded it here: www.skool.com/automated-traders-elite

[@pietererasmus6287]

Hi How can you add the instruments in an input var ? I tried this: input string TradingInstruments = "\"EURUSD#\","\"USDJPY#\","\"GBPUSD#\","\"AUDUSD#\"; .... the # is part of the pair

[@glebkatrats6857]

Thank you, Rene, for amazing job which come as a great help in trading endeavour

[@felixbestandig4358]

Thank you Rene , great series! Liebe Grüße!!

[@pietererasmus6287]

Hi why would i get this error " (EURUSD,D1) cannot load indicator 'Average True Range' [4302]" Seems it also only show for certain pairs !

[@federadi]

Hi , I use this strategy manually to have it automate it would be great ! What I do to reduce the period of heavy drawdown is I use part of the profit to close partial of the trades that are losing the most, this help me a lot to stay away to any possible margin call. Do you think is possible to add this to your EA ?

[@ReneBalke]

Right now I do not plan to record another video for this series. But feel free to adjust the code if you like. I just uploaded it for download here: www.skool.com/automated-traders-elite

[@FighterFred]

Good job. But if drawdown is unimportant other strategies can be simpler. You can even use just one candle in one asset but with pyramiding if the price action is large enough. As for this strategy, a lower drawdown is probably possible when the ATR is very high and the price is lower than the previous buy and vice versa. For buys you want price to be low and so on.

[@abdikadir12345]

sir did you trade wednesday roll over swap in you live account

[@ReneBalke]

nope

[@SmilingDragon-vq6fq]

It is posible to download somewhere a script?

[@ReneBalke]

I just uploaded it here: www.skool.com/automated-traders-elite

[@F_M_600]

Moin, danke Dir für das Ausarbeiten dieser Strategie. Kein manuelles Trading mit Emotionen und Gefühlen kann zu 100% in einen EA gepackt werden. Das können Computer hoffendlich noch sehr lange nicht ;) Hier zeigst Du für mich erstmalig Klassen und selbst erzeugte Objekte, das kannte ich bei Dir bisher nicht^^ Ok, Du bist also inzwischen auch als Programmierer "erwachsen geworden" lächel. Bitte nicht böse nehmen, es ist rein das was ich von Deiner Selbstdarstellung auf YT bisher wahrgenommen habe "Programmieranfänger". Warum baust Du Dir keine eigenen Klassen, Funktionen auf die Du ständig zurückgreifen kannst? Ich habe mir da ein eigenes Framework gebaut, wodurch ich nahezu jede idee innerhalb von Minuten bis Stunden manuell realisieren kann. Mein neuestes Projekt soll eine KI sein, die daraus selbstständig profitable Strategien erstellt und testet.

[@ReneBalke]

Aber ist das Ziel nicht eigentlich, die Emotionen und Gefühle außen vor zu lassen? ;) Meine Programme sind in der Regel so klein, dass ich das schnell runter-schreiben kann. Ich habe einzelne vorgefertigte Funktionen, aber nicht wirklich extra Klassen. Viel Erfolg bei deinem Projekt :)

[@andywei3092]

That's good, we automate the trader's strategy to prove their profitability

[@ReneBalke]

Dunno if I have proven anything here but I am glad that you like the series :)

[@findtail]

Be significantly better just to take positions off liquidity pivot swing low/highs on 1hr timeframe plus add a min % range between trades to avoid stacking too closely

[@findtail]

for initial entry for sell look on 4hr timeframe for bullish then bearish and next candle needs to wick the bottom of previous bearish candle for continuation, that way wont enter too early

[@justherelisteningin775]

ca you please upload the code for this version

[@ReneBalke]

You can find it in the 4 videos I released about this. In the end of this video you will find the complete playlist :)

[@tommmms]

Hey, i believe I saw a video by you what was about programming ICT concepts but somehow cannot find it. Can you help?

[@tommmms]

like fair value gaps etc

[@tamih4256]

@@tommmms ICT is the biggest fx scam of all time. He takes trading challenges and fails repeatedly and promises he will be on the leaderboard next year but he never is. ICT has been exposed in many videos on YT.

[@GuidoGratzke]

Thanks for this video. I think you succeeded in programming the strategy. Using the ATR indicator as a hedge is a good idea. Unfortunately, the human factor cannot be programmed into an EA. Personally, I don't think much of martingale systems because they are too risky.🤔

[@marklip3525]

Great job! Thanks for your MQL 5 coding. I've learned how it's work.😊😊😊

[@ReneBalke]

So good to hear! Thanks for your feedback :)

[@MrHumbleOne]

Hey Nick, someone’s calling… he said his name is margin 😂

[@ReneBalke]

:D

[@MrHumbleOne]

Go big or go home, on a bus :-)

[@gamewispher9317]

Your website is not working 😕

[@ReneBalke]

Really? Which page do you try to open? I can load my webpage without issues

[@dunknow9486]

Rene, good job for this EA, although it is nothing close to Nick S.

[@dunknow9486]

Lookin' good this time

[@diez-fx]

Try it on lower time frame like H1. Daily just takes forever to move so there is no point in using an EA

[@ReneBalke]

Feel free to modify the code if you want to try something different.

[@diez-fx]

the code is paid or free?

[@ReneBalke]

@@diez-fx bro :D:D you are literally watching the coding tutorial :D you can also download the (paid) file here: www.skool.com/automated-traders-elite

[@msoares1984]

Congratulations. Thanks.

[@efrainromero3959]

Excelente vídeo, gracias 🙏🏻

[@eugenerozario6290]

Hi ,plz suggest an EA to make 20 usd a day with 1000 usd account

[@gilles5309]

Fun and interesting series

[@maexmaestermann471]

It will eventually blow...

[@moralez5891]

If i see it correctly at the timefram around 2022.07.24, right after the account doubled -> the drawdown would have blown the account, if you would have taken out 100k.

[@ReneBalke]

yeah it is definitely not "safe" or perfect.

[@rg950]

2% of account, t/p 1%, no stop loss. average in at resistance.support your winners will balance out your losers over 5 or 6 trades. Nick shawn actually sets his t/p too high and which is why he can''t always break even.

[@aRv1n1606]

Great series on DCA strategy coding. Learned a lot. ❤ I have one question though as I am new to trading (still practicing with demo accounts). At 19:15 of this video, you mentioned that after doubling our account, we can theoretically blow our account as we could have withdrawn our initial deposit. Can you or any of the viewers please explain how not withdrawing can blow the account? Thanks 🙏

[@wafzaf]

After 2x your account, by withdrawing your initial capital, you are essentially risk free as the stop loss used in the strategy is the account balance. Blowing the entire account is fine now in theory.

[@aRv1n1606]

@@wafzaf Thanks Wafzaf. I was thinking that but just wanted to make sure im not missing something. 👍

[@MrXvellis]

Really thanks for your content! Did you think to run this type if EAs on Darwinex that they allow biggest drawdown even 100% ? I know it's not your style of algo trading but i was thinking of it as a possibility

[@ReneBalke]

I am not really familiar with darwinex to be honest :O

[@guntherwinkelmans173]

You are making a few % profit per month but relative dd is 137%. I think I'm going to pass. But great programming tutorials. Thank you!

[@AbidHussain-r2l]

Hello

[@dunknow9486]

He is flipping his account very month, hence this is NOT a Nick Shawn EA, but at martingale. Please change your video title.

[@ReneBalke]

Thanks for the feedback. I tried to stay pretty close to his trading approach. It is of course not perfect but the idea is similar. I also talk about this in the video :)

[@saftcoral23]

Hi Rene, first of all: you've done an amaaaazing job and I'm thrilled to see the exact bot I was trying to create. As you are already giving this code away for free for anyone willing to manually copy it, let me give you some advise from a marketing perspective: people are very much willing to pay to save money (= one of the most common pain points that can make for a successful marketing strategy). If you would just put the code up to copy and paste for ten or twenty bucks you'd probably sell a lot of copies and maybe even more of your courses as people want to know how to adjust it.

[@ReneBalke]

Thanks! Yeah maybe I will do something like this at some point :)

[@avenger1653]

I believe you guys are scammers?

[@ReneBalke]

Brooo :D who is "you"?

[@avenger1653]

I know who

[@kamlesh-i8b]

@renebalke ~ is called Tilde

[@janisb3280]

Give me please email where I can send you interesting strategy with very high win rate.

[@janisb3280]

There is a PDF file with 74 pages