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Automated Traders Community

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4 contributions to Automated Traders Community
ChatGPT
Has anyone been working with ChatGPT already for coding? If so what do you consider the best approach? I have asked for both mt4 and mt5 code and I get the impression that mt5 results in a lot more errors. Also wondering what would be the best way to let it correct errors, just throw them all at once or work them out one by one. Maybe let it code mql4 first and then try to let it translate to mql5? Curious about other's experiences.
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New comment Aug '23
Any suggestion for trading system / EA to pass Prop. firm challenge?
Hi Guys, I am trying to write EA to help pass Prop. firm challenge particularly when many Prop. firms now offered unlimited challenge periods. There are many approaches/strategies such as - Rene's Scalping EA project - MA cross over with aggressive trailing stop - martingale re-entry for trend following strategy - trend breakout strategy with high RR - Support/Resistance or Supply/Demand strategy with confirmation candle patterns/market structure in smaller TF with high RR strategy etc. The last one could be my preference strategy. If you have pass Prop. firm challenge with your EA, it would be great if you can share your idea or help guide me to the right approach. Thanks in advance for your contribution.
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New comment Jul '23
0 likes • Jul '23
I've been hearing a lot about this lately. You need to grow your account to a certain level but fail if your drawdown from unrealized top pnl is too large. Is this what you mean?
0 likes • Jul '23
@Ken B Thanks, the one I have been hearing a lot about is apex. You can only trade futures, although of course there are also currency futures. But concept is the same, you fail on a max drawdown from high so trailing stops are recommended.
Question for futures traders
I am a forex/indices trader. I am currently branching out and learning about futures. My question is about risk management with futures. My current EA's use an ATR-based stoploss and the SL distance changes for each trade. It is able to place partial lots to keep my risk at a fixed percent for every trade. With futures I can only place a trade for full contracts. What is the best way to keep my risk per trade constant when my stoploss distance is different for every trade? Or do futures traders have a different approach to risk management? If you trade futures, how do you manage your risk for each trade? Thank you for any insight.
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New comment Jul '23
0 likes • Jul '23
Icmarkets mt5 has a minimum lotsize of 0.1 for indices.
VPS HELP
Hello my brothers, I hope you are all doing well, I am asking for help how to use VPS, I also want to know how mt5 VPS works, also how do I transfer my EA files to VPS
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New comment Jul '23
1 like • Jul '23
Rene made an excellent youtube video on how to set up a vps. https://m.youtube.com/watch?v=9O1wElRvX2E&t=1112s&pp=ygUQdnBzIHNlcnZlciBzZXR1cA%3D%3D
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Marco Deen
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4points to level up
@marco-deen-7154
Hi

Active 385d ago
Joined Jul 18, 2023
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