Giving Back! My Best Expert Advisor EA Free for Everyone

$1000 to $400,000 - A Full Time PRO Algorithmic Forex Trading Journey (Ep. 9)

Hey Ryan, thanks for sharing this. Any update on Algos that we have been using? It's been a long haven't heard from you. Hope all is well

Hello.
Is there any declaration of the author of this thread that his strategy uses martingale, which is a key to destroy accounts?
Is there any declaration here that some of his accounts are Demo accounts and not real?

Yeah, I'm wanting to get back involved with forexfactory! I've been pretty busy with youtube but this is a good place to be involved. Especially with new traders trying to find their way.

Oh gosh... Why does EVERYBODY think martingale is so bad. People lose in trading every day with or without martingale. Martingale is a trading tool and CAN be affective in REAL trading. Most traders abuse it causing losses. It can be affective with experience.

Yes, live accounts are important but most people even struggle to get 3-6 months results on demo accounts. Especially when it's an algo.

Responsible Forex Trading has a large community of active traders through discord using all 5 of our available EA's. The community is happy to show their results.


Here are my personal results...

Live accounts
https://www.myfxbook.com/members/lil...ficial/8582909
https://www.myfxbook.com/members/lil...ficial/6463427
https://www.myfxbook.com/members/lil...manual/8445252

Demo accounts
https://www.myfxbook.com/members/lil...-trade/8738612
https://www.myfxbook.com/members/lil...ficial/7929106

quote : "why does everybody thinks martingale is dangerous ?"
well just look at your track record. it speaks for itself:
https://www.myfxbook.com/members/lil...ficial/6463427

lots of wins, then a big loss, and you crash your account. or lose all your profits and more :/

Hi.

He says he is full time trader so how can he survive if he is losing all real accounts?

I love a challenge!

Sure...Pick my highest DD account out of the five I posted in that message. Lol. I didn't have to post that account but did because I want people to see all my active accounts.

Obviously trading isn't easy! That account has been running for 1.5 years. The reality is... Less about 5% of traders can pull consistently profitable day-trading stats beyond 12 months. This account you mention has been running with a video series of mine for 1.5 years. I add a $200 deposit every month on top of my trading profits to combine investing with trading profits. Yes, the DD is high, but it's called progress. Very few traders post ACTUAL long-term stats because they just don't have them! A good portion of those that do post live stats are fakes. This account started with just $1k 1.5 years ago. It's now sitting at almost $5k. That's a REALLY good almost 400% return on investment even with the higher DD. Now, since we're at almost $5k (which is starting to get substantial) it's time to start protecting the balance instead pushing more risk. Forex trading is a journey. It's just too bad practically no one shows you that journey beyond 6 months. Something I'm trying to change...

A lot of traders/company's fake their trading stats because THEY know just how hard it is to REALLY trade profitable.

Just look at this video I posted about ROFX. This companies results were completely fabricated on myfxbook to scam out investors for over 3 years.
I posted a video warning people 1.5 years ago here.


I recently just created an updated video about ROFX talking about how they went scam and how to avoid scams like it in the future. They are currently under a 50 million lawsuit now.

Yes, I've been trading for 16 years. I've been a full time trader for over 2 years now. I make enough from my trading profits for a full-time income. I don't own an expensive sports car or house but live comfortably. I make enough from my trading profits alone to pay for my living expenses.

I have another $20k in private (not shown) accounts I trade on the side as well.

I do create and sell my EA's. This pushes my income above my living expenses which is a nice bonus. I'm only honest with people in my approach because I know how lacking honesty was back when I started.

Ryan, I've been following you since before you became commercial and I'm not a customer. You added value then and have continued to do so through your free videos, so thanks for that. But this isn't a good take regarding martingale at all.

A martingale doubles position size on each new entry signal, with no limit on the number of entry signals taken and no account balance stop loss. A martingale basically adds to losses until it bankrupts the account in one big blowout. With a martingale you never see the big loss coming before it happens, and it can happen very fast.

A martingale will create a smooth equity curve with a one-time account blowing loss. The account will end in margin call with somewhere between 50%-70%+ of the account lost and it can ALL be lost if the market is really fast moving and depending on how the broker handles margin calls.
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The position sizing and money management strategy that you generally describe in your videos is as follows:

Take up to 3 positions, allow for improved entries (averaging in) on positions, use a 15% account balance stop loss rather than individual trade stops. Let's call this money management and position sizing strategy 'CubbyMM' for short.

CubbyMM is not a martingale. CubbyMM produces a nice smooth equity curve that looks sort of martingale-ish but it lacks the really devastating features of martingale (doubling, unlimited adds, no account stop loss, no warning of catastrophic loss). CubbyMM can also be adapted so instead of a 15% account stop loss, a smaller account stop loss could be used with equivalently smaller lot sizes for smaller overall profits.

CubbyMM will create smooth equity curves with occasional large 15% losses. If CubbyMM produces multiple 15% losses in sequence, the account can suffer bigger drawdowns that might lead to the account being impaired at -50%+ drawdown. That's the big risk of trading CubbyMM as it was designed.

If traders add more than the prescribed 3 positions, they can turn CubbyMM into a martingale. If traders don't respect the 15% account stop loss, they turn CubbyMM into a martingale. If traders risk more overall than the 15% account stop loss level, they can impair their accounts more quickly on a series of account stop losses.
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Anyway, I hope that clears up the differences I see between a martingale and the position sizing and money management strategy you describe in your videos (CubbyMM). I don't think there is any way to defend martingale at all because it can be proven mathematically that eventually martingale must end in ruin. A martingale has two possible outcomes: new equity high or account ruin. That's not a gamble anyone should ever take.

Adding multiple positions within a pre-defined strategy doesn't necessarily equate to a martingale and I hope this clears up some confusion on this subject.

Thanks for the message! You're right.... My use of martingale risk management needs more clarification. I still consider any increase in order lot size following another order, should be included within the martingale universe.

In my cases, I call my martingale techniques, simi-martingale. Simi-martingale breaks the traditional 2X progression and adds flexibility through additional variables. The traditional 2X is too linear to be affective in most trading.

To me, simi-martingale risk management is single handedly one of the most powerful tools available for retail traders. It's benefits can largely out way the negatives if used in it's none-traditional forms

I'll be doing a full public video soon based on martingale and simi-martingale risk management.

This video today is different than ANY I've done in the past. It's more fun and lighthearted but still includes some solutions to what I see as big problems in this industry.

Hope you all enjoy!


My Road to the BEST MT4 & MT5 Trading System EA * Over +8500 Live Account Pips in Just 4 Months*

This is unfair. Really.
You publish here links to 5 of your current accounts (demo and Live), but as we can see in the attached screenshot, you already had many accounts, which were blown away, or "somehow" for any reason stopped their connection to myfxboox (anyone wants to guess why?).
As we can see, all line graphs of account's profit show a huge drawdown to each one of them.
Those accounts that do not have a DD yet, it is only because their trading period is too short yet, and DD is still to come.

This is martingale. you call it "a tool".
Well, "All-In" as also a tool in Poker, does it mean it is good for all?
Does it mean all members here understand its consequences?

Remember this post, we will get back to it later to show everybody, what's the risk in martingale. Especially for those who are not experienced and professionals.
But, hey, it is good for PR and selling EA's.


https://www.myfxbook.com/members/lilredry

You're right to be skeptical here. The retail forex industry is full of mostly lies and deceit.

I've been forthcoming and honest on my accounts. All updates on lost accounts or losses have been mentioned in my youtube videos. I don't hide anything because that's not helpful to me or others around me. I'm a real trader and it's important to show the good and bad. I think showing the good and bad helps improve my trading and approach.

I lost a Ranger demo account back in May 2021. It had been going for around 1.5 years. It was a good run but I was pushing the EA too hard forcing a lack of flexibility during trying markets times. I have sense improved the code in the Ranger V5 so it's more flexible in more market situations. I was able to save the live account that was running the same EA but the DD was pretty severe. This live account is public.

I really don't lose many accounts but I have created 5 public EA's now. My chances of one of them failing is evident. It's about using the tools given in the smartest way possible to continue staying profitable. I've been consistently profitable for 2 years now. That may not seem like a long time but when it comes to being consistently profitable, it's a big achievement.

cant say any thing about your trading but you are making good quality youtube videos

are you editing your self and what software are you using

I plan to make videos too

Thanks!

I use Wondershare Filmore X. Great easy to use software.

My new video this week!

Is Day Trading REALLY Worth the Struggle - My Story as a Full Time Forex Trader

Got a new video for you guys today!

The account shown in this video has been running for 16 months. I'm now on Episode 10. This has been an important video series showing the public just how difficult it is pulling long-term profitable results from the forex market!

The official CBK Copier Service is now live!

You can now copy our trades directly from our official CBK account found here!

https://www.myfxbook.com/members/lil...ficial/8582909

For more information, head over to

ResponsibleForexTrading.com

New video today!

In this one, I cover the reality of the prop trading scene and what most of these firms don't want you to know.