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.