MT5 Pyramid Trend EA Coding Tutorial Part 2

[@bolajionipede878]

Never stop what you do man, create a community you would see how many people you have blessed by your teachings sir

[@zegorzki]

Hey Rene, thanks as always! One of the best things about your videos is when you are figuring it out as you go, because that is what we want to learn how to do too. When all is scripted, the thought process for figuring it out is missing. Don't change a thing, love your content 👍

[@FighterFred]

Interesting, I like it. What I've tried (with major DD) is a grid approach: 1. first trend position, 2. next position at last open price +/ grid in points. And exit all when total profit > X percent of balance. Perhaps that can be coded as well? With a small grid you get a lot of positions, which must exit quickly otherwise price goes against you.

[@jorghu1977]

Cool, der zweite Teil ist da!

[@johnnatanguimaraes575]

Hello! How are you? First of all, I would like to thank you for your teachings. Taking advantage of this, I would like to ask for help with a question. I would like to know how I can select a specific position among all open positions. For example, if I have four open orders, I would like to close only the first and the last ones. How can I do this? Thank you very much in advance.

[@petarpetrovic5453]

You are great and I want to ask you if you can help me with a strategy because I don't see who else I can ask... Here is a strategy that I have been trying to automate for a long time, but without success: 1. Determining the general trend in some of the usual ways, for example three EMAs aligned. For a closer determination of the trend, the following will be required: 2. Determining swings (with uptrend peaks ie maximum) and comparing whether the current one is higher or lower than the previous one. 3. Determining "reverse" swings, i.e. off-peaks, for example during corrections during an up trend and comparing the current one with the previous one. 4. Based on certain peaks and off-peaks, do the same for RSI and compare. 5. In accordance with point 4, determine regular or hidden divergence. 6. Example: If an uptrend is generally established and the "current" (just completed) peak is higher than the previous ones, and the current offpeak is higher than its predecessor, and at the same time the current offpeak RSI is lower than the predecessor, then it is a hidden divergence. 7. If a hidden divergence is established at, for example, the 1h or 4h level, go down to the 15 min level and check if there is a regular divergence, and if there is, enter the BUY position... 8. The opposite is true for SELL. 9. SL is 5 pips below the current offpeak in the uptrend, TP 1 is at the level of the previous peak, TP2 is double the value of TP 1. 10. The reverse is true for SELL.

[@mikelshael3565]

Hey, habe erst gerade das Da Nang Video entdeckt :) immernoch in Da Nang? Bin vor 2 Jahren hier gelandet und irgendwie immernoch hier XD.... das leben mit einer online arbeit kann schon schön sein. Ein paar wirklich gute Videos hast du hier, oftmals komme ich zu einem Schluss und recherchiere und lande auf einem deiner Videos, besonders wenns um Backtesten geht. Entwickle seit ein paar Wochen einen EA, da bist du schon etwas weiter^^. Hoffe du hast/hattest eine gute Zeit in Da Nang. Thx für die Videos.

Ahhh nein ich bin aktuell in Deutschland. Wenn es hier kälter wird komme ich evtl wieder nach Da Nang. Aber ist es da im Sommer nicht turbo warm?

[@amirhosseinghavi30]

it is a very useful code, thank you for the idea and code👌👌🙏🙏

[@ryancoombs3337]

Really appreciate you for all that you are doing. Wrote out this code line by line in mt5 but I am experiencing several errors (19) from unexpected token, undeclared identifier semicolon expected and a few others, not sure what i did wrong.

[@fitrahrakhmadani1133]

hi Rene, I'm making an EA with fix money for stoploss, so SL point can vary on each order. but i don't know why this EA only work at gold, but didn't work on other pair. have you ever make video about this issue??

[@MertAslaner-fo3pe]

How is backtest results ?

[@F_M_600]

Woaw, Teil 2 folgt sofort am nächsten Tag. Spitze. Ich bin echt gespannt wie Du Seitwärtsphasen herausfiltern wirst. Da greife ich nahezu immer mega tief in die Trickkiste^^ Ich bin gespannt wie der EA sich weiter entwickeln wird. Danke für Deine Inspirationen

Das war es eigentlich schon zu dem EA :D Ich wollte nur ein Beispiel für Pyramidisieren zeigen ;)

[@F_M_600]

Verflixt und dann komme mal wieder ich mit völlig anderen Ansprüchen ;) Also mindestens wünsche ich mir einen 3ten Teil, wo Du einen Langzeittest mit halbwegs brauchbaren Werten zeigst. Das Coding ist das eine und das zeigst Du echt super! Das andere was die Zuschauer sehen sollten ist das Problem hinter dieser Idee = Seitwärtsphase(!!) plus beim Start des EA´s am Ende eines Trends einsteigen. Wirst Du so einen Teil 3 noch liefern? Auch wenn ich tatsächlich die Weiterentwicklung einer Strategie bis zum erfogreichen EA extrem spannend finde und mir deutlich wünschen würde .... verstehe ich auch, dass Du keinen Tiefgang benötigst, sondern schnell produzierte und kurzweilige Videos. Ich bitte rein aus eigenem Interesse trotzdem um einen Teil 4 mit einem Seitwärtsfilter^^ Meine Lösung ist unaussprechlich sperrig. Eine Unterscheidung Trend/Seitwärtsphase kann tatsächlich jeder Zuschauer brauchen.

[@sylvestredjagbavi7395]

Thank you 😁💪

[@sylvestredjagbavi7395]

Please, one day if you have time, Can you teach us ,how to code a bot for HARMONIC PATTERNS ? Please please🙏🙏🙏🙂🙂🙂

[@bolajionipede878]

i love rene balkeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[@46byv6rub]

Starting amount: 50,000.00 EUR Amount near the end of your backtesting: 49,353.04 EUR

[@solkahila]

can you make it so it will mannage my manuel orders? to mt4 pls tnx

[@RMabudabi]

google "Fast keyboard orders mt4"

[@faresnoured1771]

we follow your videos until the end trying to understand how you code the eas... but when we put the robots online nothing happens, no open positions...! .one day in one of your direct videos I asked you about the problem and you told me that the coding you do is never like mine...!!! and so why waste time putting videos on the codes, it's better to put videos on your bots and test them..

[@Aliiyousif]

Why no one created a dynamic array of rectangles or lines, it's very hard for someone who started learning coding with pinescript

WAs not really necessary in this tutorial. But I talked about objects and arrays in other videos already and I also teach it in my course if you are interested: en.bmtrading.de/mt5-masterclass/

[@Aliiyousif]

Hey, thank you for all the awesome videos you put out! Unfortunately, I'm a bit strapped for cash right now, so I can't swing subscribing to your course. But seriously, your content is top-notch, and I really appreciate all the hard work you put into it. Please think about my idea , no one did create dynamic arrays of rectangles or lines 👍🏼