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  • Ranger EA (Standard Risk 500:1 Leverage) | Demo Account XXXXX12
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Quoting Cubbybgood
New video released! CTI Will Be the Best Prop Firm In 2021! Bye Bye FTMO & The5ers - A Full Time Forex Trader Story https://www.youtube.com/watch?v=24k1...ature=youtu.be
You say you used your EAs with CTI, but how were they successful when the drawdown shown on myfxbook was over the 4% limit?
Quoting GodRa
{quote} You say you used your EAs with CTI, but how were they successful when the drawdown shown on myfxbook was over the 4% limit?
Sure! I'm still running my EA's at CTI with VERY calculated risk meeting all the rules. I suspect it could take me 7-10 months.

My results so far...
https://www.fxblue.com/users/cubbybgood

Here are my results so far. If you own the Ranger and Pinpoint EA's, you can use the CTI presets I made for the $17.5k challenge.
https://discord.com/invite/Ryx9sC8jYQ
$1000 to $408,946 - A Full Time PRO Algorithmic Forex Trading Journey (Ep. 5, DrawDown)
Inserted Video
Why I Chose CTI Over FTMO & The5ers as a Full Time Pro Forex Trader (Ep. 3)

Inserted Video
Quoting Cubbybgood
Why I Chose CTI Over FTMO & The5ers as a Full Time Pro Forex Trader (Ep. 3) https://www.youtube.com/watch?v=ovfG...ature=youtu.be
I hope one day you get rich enough from selling your EAs and from trading with them that you won't have to promote freeloaders such as CTI, 5ers, FTMO and the like.
Quoting OutThere
{quote} I hope one day you get rich enough from selling your EAs and from trading with them that you won't have to promote freeloaders such as CTI, 5ers, FTMO and the like.
I'm glad you bring this up....

I'm actually making enough from my trading for a full-time income now and have been for over 12 months. Selling my EA's is just a bonus. I do well overall.

The issue is... we kind of need these prop firms because the majority of traders don't have enough funds for a full-time income. A trader needs $40-$50k at least to push a livable income. Even at that point, the trader can't expect to make a consistent profit every month. The only reason I'm doing this is for other traders. They want tools that work at prop firms and the reality is... Most prop firms just don't have good enough conditions for long-term profitable traders. A good trader knows they need to set their risk profile to the worst their system/EA can give when fitting to their rules. This includes the rare higher DD or streams of losses that happen. My Ranger EA was able to make 73% profit in 2020 with only -10% DD. So if I cut the risk back by -50%, I would have made 36% profit in 2020 not risking more than -5% DD. This would have fit FTMO's rule base but it's impossible to really know that until after the fact.

To be honest, I don't like ANY of these prop firms. I think CTI is trying to be flexible but it's really not good enough. I see things going in the right direction but most of these commercial prop firms are no better than casinos. Casinos that gradually force traders out the door by creating unrealistic rules.

My focus will be coming off CTI and prop firm trading on my youtube channel after this video. I'll be focusing more on combining investing with trading profits as I think this is a more lucrative route. Still, I'm all about finding multiple streams of income for traders and CTI could be one of those after well... A long time...
Quoting Cubbybgood
Why I Chose CTI Over FTMO & The5ers as a Full Time Pro Forex Trader (Ep. 3) https://www.youtube.com/watch?v=ovfG...ature=youtu.be
Hi Ryan I wondered if you still use your RMI EA at all? I know until Brexit you used it, or had it back tested for many years?

Also what happened with your Blastbands EA?

Apologies if it's in previous pages on this thread, it's difficult to go back through them all, thanks.
Wow Pinpoint Ea has dropped by -20% this month ... no wonder he's in hiding!
Quoting GodRa
Wow Pinpoint Ea has dropped by -20% this month ... no wonder he's in hiding!
Hahaha! Who's hiding? I always face things head on. Get over yourself!

Looks like the trolls have come out to play! Bring in on...
Quoting GodRa
Wow Pinpoint Ea has dropped by -20% this month ... no wonder he's in hiding!
It's always so funny to me to see this happen ALL the time to public traders. Almost silent here for 6 months!

I've gone over 12 months profiting with my Ranger EA and then my (other EA) the Pinpoint, has a loss and then people start jumping in. The internet is full of enough trolls. Don't be one of them.

Losses are part of trading and they are in relation to my monthly profit numbers of 5-8% a month using 500:1 leverage. This loss worked with over the next 3-4 months of trading.
Quoting Cubbybgood
{quote} This loss worked with over the next 3-4 months of trading.
I'm not sure what you mean...
Quoting Cubbybgood
{quote} It's always so funny to me to see this happen ALL the time to public traders. Almost silent here for 6 months! I've gone over 12 months profiting with my Ranger EA and then my (other EA) the Pinpoint, has a loss and then people start jumping in. The internet is full of enough trolls. Don't be one of them. Losses are part of trading and they are in relation to my monthly profit numbers of 5-8% a month using 500:1 leverage. This loss worked with over the next 3-4 months of trading.
Hi Ryan, I'm a little disappointed you've replied to someone slagging you off, than me asking a genuine question. I appreciate you have said you will only respond to relevant and constructive comments, and mine may have already been discussed, but like I say it's difficult to go back through 90 pages. I have problems with my hands and it's not so easy to use computers.

However I do see that RMI is now Ranger, but what did happen to Blasbands, did you abandon it for now as such?

Also I see the dd trade for pinpoint has been closed, did it hit stop loss, or did you manually close it? I hope it was stop loss, and tied into the long term strategy.

Thanks
Quoting Dogalot7
{quote} I'm not sure what you mean...
I assume he means the loss will be recovered, as part of the strategy
Quoting ukfix
{quote} Hi Ryan, I'm a little disappointed you've replied to someone slagging you off, than me asking a genuine question. I appreciate you have said you will only respond to relevant and constructive comments, and mine may have already been discussed, but like I say it's difficult to go back through 90 pages. I have problems with my hands and it's not so easy to use computers. However I do see that RMI is now Ranger, but what did happen to Blasbands, did you abandon it for now as such? Also I see the dd trade for pinpoint has been closed, did it...
Sure! Sorry I've been in armor up mode the past few days....

The Blastbands was an EA shooting for 10-15% a month which was too high for my taste so I discontinued it. The RMI EA was upgraded to be called the Ranger. Since it's RMI days, it has seen a lot of improvements to the methodology.

I build and look for strategies that make no more than 8% a month on the high end. I shoot for a comfortable 3-6% a month in most cases which the Ranger by itself is capable of. It currently has over 16 months of "out-of-sample" data logged.
This account here has logged about 13 months of "out-of-sample" data...
https://www.myfxbook.com/members/lil...orexea/4331360


The Pinpoint EA just had it's first loss which should be rare considering the in-sample data puled but time will tell. Only about 8% of Pinpoint EA users got hit with the loss I did. It looks like it the loss was taken at 3 brokers, TradersWay, IG and FXPrimus as far as I know. The Pinpoint EA takes trades on the M15 timeframe based on candlestick patterns. Because every broker's price feed is slightly different, this resulted in slightly different trades. Luckily, the majority did not get this losing position. Never the less, I'm looking at how to insure better universal broker performance in a future update.
Quoting ukfix
{quote} I assume he means the loss will be recovered, as part of the strategy
That is correct. It will take me (with average trading performance) 3-4 months to recover which is pretty good for trading most trading standards.
Quoting Cubbybgood
{quote} Sure! Sorry I've been in armor up mode the past few days.... The Blastbands was an EA shooting for 10-15% a month which was too high for my taste so I discontinued it. The RMI EA was upgraded to be called the Ranger. Since it's RMI days, it has seen a lot of improvements to the methodology. I build and look for strategies that make no more than 8% a month on the high end. I shoot for a comfortable 3-6% a month in most cases which the Ranger by itself is capable of. It currently has over 16 months of "out-of-sample" data logged. This account...
Thanks very much, I appreciate the detailed reply, and I appreciate the armour needed with some people, especially after a loss! Your whole methodology seems excellent, I did buy your RMI a year or two ago and to be honest shooted for higher gains from other EA's, obviously got burnt, and I'm coming back to look at things with my tail between my legs

Ah I didn't realise only around 8% of users got hit, I appreciate the differences in between brokers and not everyone getting the same trades etc. I'm not really sure how this could really be avoided, unless something substantial was changed, as it will always at times open up trades that it won't win.... This is an important factor to appreciate when back testing I guess, as results, and drawdown will differ between brokers...

Thanks for the info!
Second that, RMI ea is good. It's not a super-hotrod (whatever that is - and that will probably do a flamout off the road sooner or later) - but it will steadily chug away and make you bank. I've been demoing the V6 of RMI free version EA since Aug '19 and it's just passed the 8300 pip mark

blam

Quoting ukfix
{quote} Thanks very much, I appreciate the detailed reply, and I appreciate the armour needed with some people, especially after a loss! Your whole methodology seems excellent, I did buy your RMI a year or two ago and to be honest shooted for higher gains from other EA's, obviously got burnt, and I'm coming back to look at things with my tail between my legs Ah I didn't realise only around 8% of users got hit, I appreciate the differences in between brokers and not everyone getting the same trades etc. I'm not really sure how this could...
Quoting ukfix
{quote} Thanks very much, I appreciate the detailed reply, and I appreciate the armour needed with some people, especially after a loss! Your whole methodology seems excellent, I did buy your RMI a year or two ago and to be honest shooted for higher gains from other EA's, obviously got burnt, and I'm coming back to look at things with my tail between my legs Ah I didn't realise only around 8% of users got hit, I appreciate the differences in between brokers and not everyone getting the same trades etc. I'm not really sure how this could...
Yes! I took a tally today to see how many in my free discord group got the loss and from which brokers. I still getting the numbers. 8% is what I have so far. I think it will range from 8-10% of my Pinpoint EA users. I was one of those 8% haha. My luck. Anyway, losses are part of trading and in most cases, I look to keep my DD or losses under -30% for most of my trading EA's. Most might think -30% is a bit on the high side, but it's because my monthly profit is in line with making these losses back within a 3-4 month period. Losses and high DD are rare for my EA's but they can and will happen. It's all about finding that balance so the hit to us is recoverable. Note.. For advanced traders... I'm using 500:1 leverage on most of my accounts. This is why my profit numbers are on the higher side at 5-8% a month. The lower my leverage, the lower my take-away profit is. Most advanced traders that pick on me forget how leverage affects trading of this type and they two, get lost in the numbers.

The majority of traders trying to find something that works struggle because they don't know what kind of monthly profit is possible over long-term trading. This knowledge takes a lot of trial and error and research to understand. Even when I tell people a consistent 10% monthly profit is basically unsustainable, I get people laughing at me. Overtime, most do realize they were wrong thinking forex makes everyone a millionaire overnight. It takes a lot of patience and time to find those rare good individuals, systems or EA's to find some trading success.
Quoting blamshakk
Second that, RMI ea is good. It's not a super-hotrod (whatever that is - and that will probably do a flamout off the road sooner or later) - but it will steadily chug away and make you bank. I've been demoing the V6 of RMI free version EA since Aug '19 and it's just passed the 8300 pip mark blam {quote}
That's a fair old amount of time then, and not a bad amount of pips at all for around 18 months!

Is that running standard settings and USDCAD AUDCAD? I know that version had a stop loss, I'm not sure if it's on as standard....

Thanks!
Quoting Cubbybgood
{quote} Yes! I took a tally today to see how many in my free discord group got the loss and from which brokers. I still getting the numbers. 8% is what I have so far. I think it will range from 8-10% of my Pinpoint EA users. I was one of those 8% haha. My luck. Anyway, losses are part of trading and in most cases, I look to keep my DD or losses under -30% for most of my trading EA's. Most might think -30% is a bit on the high side, but it's because my monthly profit is in line with making these losses back within a 3-4 month period. Losses and high...
Yes you were one of the unlucky ones! Maybe it's a good thing in a way (maybe!) so you can explain and show what can happen, and how it can be recovered.... Tbh I'm I'm thinking of setting a hard account stop loss of around 30% if tried on live, demo for abit first.... I appreciate for backtesting, that 30% probably makes the results worse.

A steady 5-6% a month is where I would like to be, even if it's until a point, then scale back to abit lower.
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