Recovering an almost lost account ($25.00 dollars)

Greetings to all, this will be my commercial diary to show the recovery progress of a small account that I almost gave up, I went from $100.00 to $25.00 dollars.

After devoting a lot of time to the study and basic programming of MQL4 I managed to develop an EA that seems to work for different account sizes, I decided to try it on my 25 dollar account to see what would happen and I already recovered a little more than 50% and I hope that at the end of October at least you have already recovered the initial balance of the account.

Regarding the EA, it is based on Renko Blocks, in this case 5 pip blocks on the EUR/USD pair but it can work on other pairs. its function is very basic, it opens purchase operations when the candles are bullish until the total amount of the operations reaches an expected profit and the same for sales. The EA stops when it reaches the desired equity regardless of the current open trades and the same happens with losses, in either case the EA stops completely.

You can leave any questions or comments and as soon as I have time I will answer them

today's profits in the london session, the EAs are not activated again until tomorrow.

total profit $4.71 account balance $60.97

today's profits in the london session, the EAs are not activated again until tomorrow.

total profit $5.12 account balance $66.09

Hi JaimeAlejan,can you tell more above the above quote ? Also, you buy on a bullish bar and vice versa for sell but when do you take profit or take your loss ? Lastly, do you use some type of indicators or only price action ? Thanks.

I will take advantage of your questions to explain more about the operation of this account

1: Mainly, as can be seen in the images, the EAS for both purchases and sales follow only the price action, if the bar is bullish, a purchase is opened and if the bar is low, a sale is opened.

2: Trades of the same type are opened if the trend continues (the limit amount of trades that can be opened and the lottery per trade are set in the EA)

3: All trades of the same type (example buy trades) will be closed when the total amount reaches the expected profit that is determined in the EA (it can be from $0.01 to $999999999.00). exactly the same for Sell trades

4: Finally, when the total equity of the account reaches the expected balance, it closes all operations, both purchase and sale, and the two EAs (Buy and Sell) are stopped.

there are several details that should be mentioned, for example that I am not an expert programmer and I support myself with the Forex Generator tool and a little code on my part for some parameters such as the Closing of the operations with the Equity. Also, I had to do it in two parts (an EA for Purchases and another for Sales) because I couldn't make it work in one, that's why practically the same parameters are put in each EA.

I know it's a lot of information, but after doing other tests of the EAs I hope to be able to share them for free and see the results with different configurations. I will also make some videos although they will be in Spanish. Any other questions or queries feel free to ask.

Hi Jaime,

I saw your posts about your EA in the Renko Discussion thread. I have made a few EAs based on Renko though they have not been successful. But they got me started in MQL4. I could probably code this up and test it over a long period since i have the OVO Renko FXT script licence. I can add things such as Trading hours, flexible lot sizes, etc.

what's up, I hope to be able to upload the EA in the course of the next week, in fact I've only tested it in a single pair and I don't know how it would act if I activate it in different currency pairs, that is something that stops me from publishing it currently but With a Demo account I will do the corresponding experiments and I will be sharing it, for the moment it is already working for tonight in the London session and I am going to sleep.

Greetings and we are in touch

Earnings today, now trading stretched from the London session into the first 40 minutes of the New York session

total profit $5.28 account balance $71.37

Earnings for today and for the week. Weekend of rest, meditation, hard work and backtest to test the EA with different settings and different currency pairs. today's profits $6.75, current account balance $78.12 weekly benefits $26.61 excellent weekend

gains from the london session and opening of NY

profit $11.07 account balance $89.19

of the session of London and New York, on October 25 with losses.

lost $14.93, account balance $74.26

It's been a while since I haven't posted.

the account suffered a loss of 50% of the capital recovered due to such sudden movements of the EUR/USD, I learned a lot from those movements and I hope to be able to make some modifications and improvements to the robots to avoid such large losses.

Until now I continue to operate with the same strategy and the same parameters, the account has already recovered 15% in a couple of days, we hope that the month of November will allow us to at least reach the initial capital of the account to make more decisions risky even include new Renko systems.

london session trading
profit $4.67
total balance $62.72

Nice recovery JaimeA!

benefits of the London session, the lost balance is already being recovered, we will see how the EAs behave in November and I will be able to get statistics for future modifications

profit $5.74
total account balance $73.71

Thank you very much Dave, here I am making an effort to improve my system that has worked after 3 years of study. Greetings and I hope to see you again here

Hi Jamie

What are your experience of this system now? Still trading it?

Hi, I'm just now coming back to the topic. I have been studying a lot how to improve the system and automate it, even adding more pairs for risk management. Very soon I will upload more information about it together with the EAs to improve them together.
for the moment I leave my result of a new demo account that I just opened

I lokk very much forward to participate in this.