Raja Banks / Don Vo Trade Manager

Hi Everyone,

I've written a MQL5 tool to handle trade management automatically. Basically after watching Raja and Don Vo Youtube streams, I couldn't wait around for the hours it takes for the trades to eventuate (where I live in the world means I need to sleep when the market is most active). So I developed my own EA which allows you to manually set the buy / sell levels, the EA will wait until there is a candle close above resistance/below support, then opens a trade in the direction of the breakout. Risk is auto calculated based on the stop loss level and there are different ways to exit (trailing stop, moving stops to breakeven and setting the target take profit level).

Really I'm after some input on how to make this better and eventually list on the MQL marketplace to see if I can get a few extra dollars from my efforts.

Just put the attached file into your "Experts" folder in MT5 and load it to the chart. Enter the max lot size parameter and have a play around with the parameters. Of course I'm after feedback to make this better so please chime in with any ideas which you think could help.

Hello,

Raja and Don Vo are teaching you the wrong things, you will not make money with their strategies. If you are watching their streams, then you can see that they are not making money trading during the livestreams. In short - they are scammers.

Where do you live in the world? Let's find a time for you to trade.

I think that's a little bit of a problem and a reason why so many people lose money trading. You couldn't wait around for the hours it takes for the trades to eventuate, you sleep when the market is most active. So you decide to make some script that will place trades for you while you are sleeping. I don't think that this is the correct approach.
Trading is hard. It takes time. You must have time to trade. If you don't have time but want to trade, then find the time to trade. You can always use 1 hour or 4 hour charts.

Of course, if it works for you, that's great. Good luck.

Yes, they are scammers. mr Banks was selling courses after 4 months of trading, then blew people's money on Teds (Safranko) white label broker signal service and now he is having his own white label broker with manipulated results. Nobody saw or will ever see Rajas stats on myfxbook on regulated broker. Or see him on Forbes or CNBC etc, although his fake results (and profit factor) beat the best traders ever. But he is a good salesman, selling snake oil.

But they, Raja and DonVo, have plenty of starry-eyed fans, so be prepared to drop your point. People want to believe and faith is blind. And after they get burned, they are too ashamed to admit it (or think that failure is their fault).

Would you be able to compile a MQ4 version for MT4? That would be great. Tnx.

Rajas mentor Ted vs Coffeezilla (Traders Domain was a broker where Raja blew peoples money):

Manipulated results on White Label broker. Never will have myfxbook on any reputable broker. I have not seen in all these years, a myfxbook account on a reputable (real) broker that can give any version of denomination equal to +1% per month on average, with a maximal DD% of no more than -5%. At best, you see some grids have something like this for even 2 years, but then it blows and the signal is gone.