Here is an EA that I have developed to show the power of this type of money management.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

You can find the result of a forward test in this Post.

Lets Automate a Simple Renko Strategy!

Hello Zorran, Are you sure that the input settings of the Stochastic oscillator you have shown on the chart is as the same as the input settings for the stochastic filter of the EA?

Lets Automate a Simple Renko Strategy!

Interaction of bulls and bears is the essential concept based on which price moves up/down; you are using this market concept to analyze a price chart in order to find entry/exit points. How did you get 75% success rate for this ...

What works, and what doesn't

Here is Version 1.30 of the EA that implements a take profit input (in net profit money) to close all the open positions.

Reverse Martingale strategy

Well, regardless of the fact that in the optimization process MT4 doesn't simulate all real world events, a general problem with optimization is overfitting issue, which makes most wonderful EAs performing great in backtesting worthless in practice.

Is optimization reliable?

Well said!

Just a bit of advice, for anyone, for free

This is deadly correct!

Tokyo/London/New York opening strategy

Please note that at each trade level (Tx, see Post 1) you risk half of your balance. Thus, if you lose a trade at level X, your balance comes back to the previous trade level, X-1. For example, if you are in T4, your balance is 800$ and you risk ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Here is Version 1.41 of the EA that fixes few bugs in the previous version.

How to trade NFP/FOMC and make pips

I just have to mention that it works under the following conditions: 1) we have a system that wins at least one trade of every N consecutive trades; 2) the system has fixed stop loss and take profit for every trade (if the lot size multiplier is ...

No Loss Martingale Strategy

If you have such a system, then martingale works the best for sure.

No Loss Martingale Strategy

You did nothing wrong. This is not holy grail :-)

Trading is as simple as 1-2-3

Exactly! This is why a Martingale way of loss recovery is doomed to fail soon or late.

No Loss Martingale Strategy

You can find one such motivating screenshot in Post 1. url

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Here is a backtest of my Renko scalper EA which sets a tight stop loss (3-5 pips) with 7-12 pips profit target for each trade. I hope this gives you a view about tight stop loss scalping in long-run.

Do you believe tight stop-losses cause losses in the long run?

I haven't tested the EA with FX Pro broker. In order to test the EA, open a demo account on IC Markets and setup the EA on Renko charts. If the EA doesn't trade on IC Markets, let me know.

Renko Bounce Trade

You're welcome! :-) You can test the EA on demo account.

Renko Bounce Trade

You're welcome! :-) let's see how the strategy works by avoiding the news. thanks for your great effort!

Renko Bounce Trade

Hello pgburty, this EA is experimental and under development. We need to improve and test it more. Do not use it on your real account at the moment.

Renko Bounce Trade