My Range Breakout EA Passed Another FTMO Challenge

Summary

In this video, Renee shares her success in passing another phase of the FTMO challenge with a fully automated trading strategy using the MetaTrader 5 platform. She highlights the range breakout strategy, emphasizing its simplicity and effectiveness, and discusses the importance of transparency and realistic, sustainable trading approaches. Renee also provides insights into her trading metrics, revealing a stable performance with a significant profit, and invites viewers to learn more about her strategies through her Master Class.

Takeaways

• 🎉 Renee has successfully passed another phase of the FTMO challenge with a specific trading strategy.
• 📈 She uses a range breakout strategy, which she considers simple and effective for trading.
• 💻 The trading was fully automated using a specific program or strategy without manual intervention.
• 📊 On June 17th, 2024, she had four winning trades, primarily due to the strong performance of the US tech index.
• 💰 The account reached a profit target of around 2K, prompting the automatic closure of all positions.
• 🔗 A link to learn more about the FTMO challenge and Renee's Meter Trader 5 Master Class is provided below the video.
• 📚 The Master Class teaches how to write trading strategies for the Meta Trader 5 platform.
• 📈 The account performance showed super stability with a significant profit factor and a positive win rate over 220 trades.
• 📉 There was a major drawdown of about 4%, but the overall trading was stable and sustainable.
• 📈 Specific stocks like Apple made most of the profits, despite the overall market performance of each stock varying.
• 🚀 Renee emphasizes the importance of a realistic and sustainable trading approach rather than 'get rich quick' schemes.
• 🔍 She will set up a verification account using the same strategy and symbols for the next phase of the challenge.
• 💌 Renee has received positive feedback from students who took her Master Class and are now profitable traders.

Q & A

What is the main topic of Renee's video?

Renee's video discusses her success in passing another phase of the FTMO challenge using a specific automated trading strategy.

What trading strategy did Renee use in the FTMO challenge?

Renee used the range breakout strategy, which she describes as one of the easiest and most effective for trading.

How many winning trades did Renee have on the 17th of June 2024?

Renee had four winning trades on the 17th of June 2024, which contributed to a profit of around 2K.

What is the link provided in the video for those interested in learning more about trading strategies?

The link provided in the video leads to Renee's MetaTrader 5 Master Class, where she explains in detail how to write and implement trading strategies.

What was the account's performance like during the FTMO challenge?

The account's performance was very stable, with a significant profit factor and a positive win rate, totaling 220 trades over 100 trading days.

Which stock was the most profitable for Renee's trading strategy during the challenge?

Apple was the most profitable stock for Renee's trading strategy, despite not having the most absolute profit in terms of underlying performance.

How did the other stocks perform in comparison to Apple?

While Apple was the most profitable, Amazon and Tesla also performed well, with Meta being the only stock that did not generate profits despite an overall increase in value.

What was the overall market condition during the period of Renee's trading?

The overall market condition was beneficial for Renee's strategy, with the US tech index and the stock market generally going up significantly.

What is the next step for Renee after passing the FTMO challenge?

The next step for Renee is to set up a verification account using the same strategy and symbols, and she will keep her audience updated on the channel.

How does Renee emphasize the importance of her MetaTrader 5 Master Class to her viewers?

Renee emphasizes the importance of her MetaTrader 5 Master Class by sharing the success stories of her students who have become profitable traders after taking the class.

Outlines

00:00

🎓 Stock Trading Success with Automated Strategies

In this video, Renee shares her success in passing another phase of the FTMO challenge using sock trading in 2024. She provides a transparent overview of her trading journey, highlighting the use of a specific automated program and strategy—the range breakout strategy—which is simple yet effective. Renee emphasizes the importance of transparency and simplicity in trading, showcasing a profit of around 2K from four winning trades on the US tech index. She also mentions her commitment to sharing her projects openly so viewers can learn from and replicate her methods. The video includes a link to her Meta Trader 5 Master Class, where she teaches how to write profitable trading strategies and pass challenges like the one she just completed.

05:02

📊 Detailed Analysis of Trading Metrics and Strategy Performance

Renee delves into the trading metrics of her account, which has shown a very good profit factor and a positive win rate over 220 trades. She explains that her trading approach is realistic and not about quick profits. The video discusses the performance of different stocks, particularly noting Apple's significant contribution to profits, despite a 14% dip, and Meta's peculiar underperformance despite overall market gains. Renee also touches on the importance of waiting for trigger signals in her trading strategy and how it has proven effective even in a bearish market, as seen with Tesla. The summary of her trading period highlights the overall market's upward trend, which was beneficial for her strategy, and she shares her plans to continue with the verification phase after passing the challenge.

10:03

🚀 Moving Forward with FTMO Challenges and Encouraging Student Success

In the final paragraph, Renee discusses her next steps after passing the FTMO challenge, which include setting up a verification account with the same strategy and symbols. She also reflects on the positive impact of her Meta Trader 5 Master Class on her students, many of whom have reported becoming profitable for the first time. Renee encourages viewers to consider the Master Class as a means to improve their trading skills and potentially achieve similar successes. The video concludes with a reminder of the value of the Master Class and an invitation for viewers to watch the introductory video to determine if it's a suitable learning opportunity for them.

Keywords

💡FTMO Challenge

The FTMO Challenge is a specific goal or milestone within the context of the video, referring to a trading challenge that the speaker has completed. It is a key part of the video's theme, showcasing the speaker's success in stock trading. The script mentions passing 'another ftmo challenge phase' and receiving emails from FTMO, indicating the completion of a significant trading task.

💡Sock Trading

Sock trading, in the context of this video, refers to the practice of trading stocks without using one's own capital, often leveraging borrowed money or margin. The speaker mentions a previous video where they discussed their plans for sock trading in 2024, indicating it as a central strategy in their trading approach.

💡Range Breakout Strategy

The range breakout strategy is a trading technique mentioned in the video, which involves buying or selling a security when it breaks out of a specific price range. The speaker highlights this as 'one of the easiest strategies' they use, emphasizing its simplicity and effectiveness in their trading, particularly noting its role in the successful trades on the 17th of June.

💡MetaTrader 5

MetaTrader 5 is a popular trading platform used for creating and using automated trading systems, known as Expert Advisors (EAs). The speaker refers to MetaTrader 5 in the context of teaching viewers how to write their own trading strategies and mentions a 'MetaTrader 5 Master Class' where these skills are taught.

💡Expert Advisor (EA)

An Expert Advisor is an automated trading program that works within the MetaTrader platform, executing trades based on predefined rules. The script discusses the use of an EA in the 'range breakout strategy' that helped the speaker pass the FTMO Challenge, illustrating the importance of automation in the speaker's trading success.

💡Profit Target

A profit target is a predetermined level of profit at which a trader decides to sell a security. In the script, the speaker mentions that the account hit the 'profit target', which triggered the EA to automatically close all positions, demonstrating a key aspect of the trading strategy used.

💡Drawdown

Drawdown in trading refers to the peak-to-trough decline in the value of a portfolio. The speaker discusses a 'major drawdown' during the trading period, which lasted about one and a half months, indicating a significant decrease in the portfolio's value at that time.

💡Profit Factor

Profit factor is a performance metric used in trading, calculated as the total profits from winning trades divided by the total losses from losing trades. The speaker mentions a 'very good' profit factor in their account, indicating a positive and successful trading performance.

💡Win Rate

Win rate in trading is the percentage of total trades that resulted in a profit. The script states that the win rate for the speaker's account is positive, suggesting that more trades were profitable than not, which is a key indicator of a successful trading strategy.

💡Verification Phase

The verification phase, as mentioned in the script, is the next step after passing the FTMO Challenge, where the speaker will set up a new account to confirm the consistency of their trading strategy. It is an important part of the video's narrative, showing the progression of the speaker's trading journey.

💡Sustainable Trading

Sustainable trading refers to a long-term approach to trading that focuses on steady growth rather than quick profits. The speaker emphasizes a 'realistic and sustainable approach to trading', rejecting the idea of 'get rich quick' schemes and advocating for a more measured and consistent method.

Highlights

Renee successfully passed another phase of the FTMO challenge with a specific trading strategy.

The video is an update on Renee's previous plans for sock trading in 2024, which are proving to be successful.

The account discussed has been consistently performing well, hitting a profit target on June 17, 2024.

The trading strategy used is the range breakout strategy, which Renee has frequently mentioned on her channel.

The strategy emphasizes the simplicity and effectiveness of trading, contrary to common misconceptions about complexity.

On June 17, there were four winning trades due to the strength of the US tech index.

The account's profit for the day was around 2K, leading to the automatic closure of all positions by the expert advisor.

Renee provides a link to her MetaTrader 5 Master Class for those interested in learning detailed trading strategies.

The trading approach shown is realistic and sustainable, avoiding the 'get rich quick' mentality.

The trading period took nearly six months to pass the first challenge phase, starting from the end of the previous year.

The account's performance metrics show a high profit factor and a positive win rate with a total of 220 trades.

The trading times are always in the afternoon, focusing solely on US stocks, as per Renee's strategy.

Apple was the most profitable symbol, despite not having the highest underlying performance.

Meta, despite a 50% increase in stock value, did not yield profits in the specific symbol traded.

Tesla and Amazon also performed well, with Tesla showing profits even after a 20% loss in the trading period.

Amazon demonstrated stability with a 26% increase, making it a significant contributor to the account's profit.

The overall market period was beneficial for the strategy, with the US 100 showing a significant increase.

Renee has passed the challenge and will now set up a verification account with the same strategy and symbols.

She emphasizes the importance of learning from her MetaTrader 5 Master Class, which has helped many students become profitable.

The video concludes with an invitation to watch the second video for more information on the MetaTrader 5 Master Class.

Transcripts

hey guys this is Renee welcome back for

another video and I just passed another

ftmo challenge phase and I just want to

let you know how I did it so some of you

guys probably still remember this video

which is a little bit old there um like

5 months ago where I explained

everything I wanted to do with sock

trading in 2024 and how I plan to be

successful with it and so far it is

going really really good because here we

can see um just yesterday so I record

this video on the 18th of June 2024 and

yesterday on the 17th June I passed the

challenge here with this login and um

yeah we can also have a look at the

metrics in some seconds but as you

already um expect right now it is of

course this account that I talked about

a lot already in previous streams on the

channel or also in uh some summary

videos on the channel and as you know I

always try to show all of my projects

completely transparent so you can follow

along and you can also copy what I do

and this was um this challenge phase was

one completely automated of course with

programs or in this case with one

specific program one specific strategy

it is the range breakout strategy also

something I talked about a lot on the

channel it's one of the easiest

strategies you can imagine but this is

what trading is all about um it is not

complex it does not has to be complex um

it is often better to use simple and

easy strategies and yeah yesterday on

the 17th June we can see that there were

four winning trades actually which we

can see in the history because the tech

index the US tech index was very very

strong so all of my programs here all of

my markets were of course going up a lot

and this this led to a nice profit

yesterday of around 2K a little bit more

actually and then the account hit the

profit Target and the expert advice

automatically closed all of the

positions so if you are

wondering how you can also learn this um

before I talk a little bit more about um

the metric of the ftmo metric you will

find a link also below this video and

you will find a link to my meter Trader

5 Master Class where I explain

everything in detail that you need to

know because um yeah you will learn how

to write your own strategies for the

metat Trader 5 make sure to just watch

this second video on the page that I

show you here and that I link below the

video that you are watching right now

because this video explained all of the

content in the metat trader 5

masterclass and then you can decide if

this would be something you want to

learn and automated trading is

definitely profitable I think I I've

shown this in multiple streams and also

here where I just passed another

challenge so with this range breakout

expert advisor that you by the way also

learn how to code in the metat trader 5

master class I just passed my stock

trading ftmo challenge so let's have a

look a little bit at the metrics here so

you can see um in this specific account

actually right from the beginning it was

always super super St so we can see here

the market um yeah or the the the four

different symbols that I trade here the

four stocks were generating a lot a lot

of profits then there was one major draw

down I would say which was here lasted

for about um I think one or two

months yeah like one and a half months

the biggest draw on should be around 4%

here I don't know where where this

number here is coming

from um but yeah this was the biggest

overall draw down and then the rest you

can see it here is just super super

stable there were 100 trading days so

it's not like uh get W quick get rich

quick this is something you will not

find on this channel I just talk about

how trading actually works uh know of

this BS get rich quick because it's just

not sustainable in the long run and

everything else is more based on luck so

this is why I tried to show a realistic

and sustainable approach um to trading

and yeah this is why it took like four

to six months here I think close to six

months to pass this uh first challenge

phase yeah we can have a look at this

yeah I started trading at the end of

last year so it took me like six months

to pass the first

phase um but yeah as I said before if

you can if you want to increase the risk

you can do this you can pass a challenge

in a month you can do it in one week you

can do it in one day if you just want to

gamble but yeah this is not the approach

that I want to want to show then we will

have some more statistics as you can see

here profit factor is in this account

very very very very good win rate is

positive total of 220 trades so this is

not as I said not like gambling quick in

quick out this is really like realistic

trading then of course Opening Our are

always in the afternoon because I just

trade the US Stocks only went by or long

so this is also what I explained in uh

in this specific video here directly

when I announced this project so if you

are still interested in learning more

about what exactly I did here and why I

did it you should watch this video again

because I explained everything right

from the beginning then um yeah let's

have a look at the symbols we can also

see especially Apple was very very good

was making most of the profits but

Amazon Tesla were also good only meta

was losing a bit which is a little bit

funny to me because if we have a look at

the overall chart The Meta um stock was

gaining so much value in the period

where I traded so you can see this uh

meta stock um made in the last half year

like plus 5 50% and um yeah still in

this specific

um symbol the the the EA was not able to

make money while if we have a look at

for example Apple which was most of the

time not winning as you can see here it

was down like 14% And then yeah in total

it's now up 12% but nowhere near the

profit in meta but still we can see that

Apple made most of the profits so this

is U to me this is funny this is

interesting but yeah I mean this is just

how it goes the strategy is not like it

does not blindly execute these buy

positions but it has to wait for the

trigger signal and it seems to be um

very good also you can see here we do

not only win in uh in in strong markets

we can see also in Tesla Tesla lost like

20% in the period where I traded it in

this account also the bot generated

profits with only buy positions which is

also really really cool to see and then

of course I will also show you Amazon as

the last Market here I think Amazon made

a good profit yeah Amazon was the the

most

stable um chart here I would say the

most stable symbol out of the symbols

that are ch ch make like made like 26%

but um yeah still apple is the absolute

winner even though it did not make the

most absolute profit like if we have a

look at the at the underlying

performance so this is um this is really

really interesting then also let me have

uh one or two more words on the overall

Market period where traded yes of course

the overall Market period was super

beneficial for my strategy because if we

have a look at the end of 2023 we can

see the overall Market was going up by a

huge amount so this is this was super

beneficial of course for my strategy for

this specific portfolio and yeah for

everything that has set up in this

specific ftmo account but this is

also like I mean it was good for me but

nothing that really surprised me heavily

because this was um what I just

explained in my very first video about

this project this was the whole idea and

most of the time the indices or the the

stock market goes up so this was the

idea right from the beginning so this is

not like too crazy to me of course it

was a good um a good increase that the

US 100 had here in this specific period

but um yeah still um challenges passed

so how do we go on from here so as as

you can see here like in the metrix uh

it shows everything passed also we can

see here challenges passed and I also

received the emails already from ftmo um

yeah as you can see here I and they said

I I passed the challenge they sent me

the analysis and everything and then I

get the login credentials of course for

the verification phase so next thing I

will do is set up the verification

account I will use the same strategy the

same symbols everything the same and I

will keep you updated on the channel of

course so this was my little update on

the next challenge that I passed here

with ftmo and again let me stress this

again one more time because it's so

important to me I have so many people so

many students who took the meter Trader

5 month master class and that are now

working with their own profitable expert

advisors I have so many messages of

people saying that it really Chang the

trading that they pass challenges that

they are profit profitable for the first

time so if you also want this you should

definitely check out the metat trader 5

masterclass yeah it's all I can say it's

it's what made me profitable it's in my

opinion the best thing you can do to

improve your trading but of course you

don't have to just watch the second

video and you you will see if this is

something that might be suitable for you

so this it thanks for watching have a

great time good trades bye