Testing The Wolf Scalper EA! Is It Really This Good And How Does It Work? MT5 Expert Advisor Review
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- Опубліковано 22 сер 2024
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Learn about the benefits of automated trading. After programming trading strategies for a while I started teaching how to program expert advisors for the MT4 (MetaTrader 4) and MT5 (MetaTrader 5). Until now I only did videos in German but now I will start this channel with English videos to reach a larger audience of traders and help them improve their trading. There will be no fake trading on this channel and no lies. I show trading as it is - the good and the bad sides. Stay tuned and subscribe because you don't want to miss ;)
Instagram: / rene_balke
BM Trading: / @bmtrading
PLEASE READ!!! Someone messaged me that he bought this EA and that it does not work in a live trading scenario and the testing results are not achieved. So please always do your own testing. Since it is a scalping strategy it is highly dependant on your broker. You need good executions and low costs (commission, spread, swap). Also slippage may have a big negative effect.
But testing this EA still made me really curious if it could work and I think that I will code something similar in the next days. If you are also interested I can post it on UA-cam. Also feel free to like and share the video and subscribe to the channel. Support is always welcome! Thanks for watching :)
It works for sure, i paid someone to automate my manual strategy, wich is kinda similar. And it works good
@@zzznaaake Sounds good! I will write something similar, too. After testing I will be able to say more about it :)
It would be very interesting to see how you go about coding something similar! Btw loved the series where you coded the Dochian EA with your community👍 amazing work..learned a lot :)
@@rashadj1832 Thanks for the kind feedback! Happy that you like the content :)
Hi René. Thanks for your great videos, you're helping me a lot. Did them reported a different results compared with the demo, after purchasing, or different from your backtests? My backtests are also quite positive, and I'm tempted to buy it.
Enjoyed this video.
I’m now testing it on demo.
And i did some changes after reading descriptions of the signal and the comments.
The OCO (1.9 in set file ) should be false.
And the trailing stop should be 20
Keep giving us your reviews for EAs.
Thanks 🥳
are you still using
oco false will result in huge drawdown
@@bobubob5025 Not really for me
with trailing stop 5 profits are 6 times bigger than with ts 20
In the settings where it says "extremum, amplitude, depth" means its using ZigZag semaphore. Usually zigzag settings are labeled something like "extremum, backstep, depth" but its still the same
Rene if you code a breakout candle system that takes a trade after breakout candle closes SL below breakout candle and TP at the nearest obvious support or resistance level (5- 15 minutes TF) you should have a highly profitable EA, that's how many profitable traders trade ,. I learned that from such a group !!
Thanks for the idea :) Unfortunately support and resistance levels are often interpreted by a human trader. It is hard to define a working set of rules for this what makes it hard to put into a program.
Hmm? Is it really so hard to programm that?
@@bene88597 can you define a set of rules for identifying these levels? You can just think about it and if you find a good way let me know :)
You could use zig zag lines on a higher time frame and if the zig zag hits a price multiple times then consider it a support/resistance line?
@ check out VJ Siniper V3 indicator that can help
VJ Siniper V3 indicator base on TMA indicator + ATR indicator.
Once price falls outside the band .
It uses CCI,Demark, RSI, ADX and MA strategy to confirm the swing so the rebound arrow don't repaint on TMA .
90% of the times when price break the TMA band price hit a higher timeframe resistance/support level or a breakout level..
Thank you. Please make a video, were you design your own scalping EA. It would be also interessting to hear your critis about martingale and grid strategies.
Exiting! Looking forward to the next tutorial.
Another great video. Thanks Rene!
Really great informative video, I have bought the EA and it works pretty good on a live account with some optimization settings. I wonder what are your thoughts on Bonnitta EA, hope you can mentioned in a future video
I am just looking at the Bonnitta EA. The tests look really good :O
@ I know, the secretive program trading algorithm might be worth it
@William Cruz can you advise me which settings are the best, please?
This wolf scalper looks very good. No cheating. Thank you for review.
Hi Rene, can you do a video/series on filtering market conditions. Currently struggling abit to filter out choppy market conditions from my trend following EA.played with Atr. Need bit more ideas. Thanks
Hey, the problem is that this is not a trivial task. The problem is that indicators are always delayed because they are calculated on historical data. I did not find a really good solution yet..
good video, yes , it would be interesting to see how to code something like this from you, also dont worry about doing it because this strategy has been in the market for so long, I know a couple of eas in mql5 that has more or less the same logic or same, so keep it up and thank you for your time
Yeah I don't really feel bad if I program something similar. If he makes it public in the market he is kinda okay with it I think :D And it is nothing really new after all :)
@ ii would love it as well
@@goldensithole6636 Video is up: ua-cam.com/video/o7ZG8SvzBDw/v-deo.html&ab_channel=Ren%C3%A9Balke
My friend, thanks for backtesting this. First of all, you should have tick data to test any EA, you are using just broker data. Tickdata tests are far better for this EA with low DD.
Yeah.. But I mainly do the backtests to see if a EA/strategy could work. In the end you have to test it in a live trading account anyways to have accurate results. That is what I will do next ;)
@ I am already using this in real and results are same as tickdata backtest. Its amazing EA and the real deal.
@ you will get a smooth uprising sharp curve with real tickdata. Just keep 1.9 false and 2.6 to two pips (not 5 points) this is author setting mentioned in Mql5 page description
@@malikkashifnawaz So you mean 20 points for the trailing stop?
@ yes, its recommended by author
Great, waiting for you to program it.
I did already. Check out the next videos on the channel ;)
I purchased Gold robot but this software is not possible to install to Mt4. Also communication with WolfFx is impossible.
Very nice. You should try limiting it as well to like trading new York only or London only
Yeah that is also a idea.
Hi René, Thanks for your job. 13.8% is very very low for trading 12 years (as per your testing period) and not worth using this EA.
I don't really understand. I tested only the current year (2022) in this video.
@ Oh.. sorry, I misunderstood. Thanks.
@@kalyanaraman3734 hehe slm
YESS !! Lets code a break out strategy using zig zag zones
I already started and the video will be up tomorrow. I did not use zig zag zones though :D
Nice review .....can you review the Crash Warrior MT5 and give your honest thoughts? Its a very great ea that trade crash 1000 Index
Hey, thank you :) I can put it on my list and maybe I will make a video about it in the future.
Hi René. This EA showns very poor results with 'real ticks', so do you think it will perform well in a live account?
Thanks for the nice analysis always.
Hm for me real tick also gave good results.. I will have to test it in a live account to be able to say more ;)
backtesting on mt5 seems to be inaccurate. when I backtest an EA, it says over the period it would be negative sometimes, but I’m running it in a demo account (several instances of it) and it’s made 3500$ profit in past 3.5 days of market. So I’m not sure I trust EA backtesting on mt5.
From what i have understand.. this EA place pending orders on Break out points of support and resistance..with trailling stop
And this kind of strategy is more recommended on higher time frames, the page itself on MQL5 of this EA says to run on H1
So how this is a scalping? Why this EA is called Scalper? There's nothing of scalping in this EA
And it doesn't really matter slippage/market execution/latency on this EA, since it works on pending orders on break out levels..I'm confused
Hi sir, so good to watch every videos you posted, i learn a lot. but theres one thing id like to request if you can also help hwo to code to detect how many slippage is being done every order, its like slippage detector?
Hm interesting idea 🤔 I noted this and maybe I can make a tutorial for this :)
@ thank you sir, looking forward on it, i think this tool will enable to help us to determine brokers that incurred too much slippage, it happens last week when EU drops hard but our order didnt trigger the SL and the loss should be at 8$ but it becomes 57$, this happens in exness real16 server only and we reported a dispute and they refunded. I think this tool will be a big help. Thank you in advance sir.
I'm using Morpheus ea that is very similar to this one for the last five months and I tried it with 6 brokers but only one give me a good profit, for that kind of strategy the role of the brokers is very crucial
Yes that is true! The costs have to be really low and the execution really good :)
Can you pls tell us which broker worked for you?
You can edit take profit or stop loss to make ratio 2:1 or 3:1 try it and test again
Hey, yeah you can test a lot of things here. Feel free to test different settings :)
Hi Rene Could you please help
I’m trying to program an EA where as at an user inputed time it finds the high and low of the candle at that time and waits for the candles that come after that time to close above or below the stored high/low of the candle in our specified time
Can you please do a small video explaining how this can be programmed
Thanks in advance
Hello Rene, pls which is your recommended expert advisor? Thank you
Hey, I do not recommend any EA. Please just test different programs and choose the ones you like.
I have bought this EA, and on the first trades it gives this error on the trailing stop function "request failed modify (invalid stops) [bad stops]
The author of the EA doesn't reply my messages..
Which broker and account type this EA works properly? I'm on Exness Broker Raw Spread Account
Use TMA indicator to make a scalping indicator
TMA repaints
How to use moving average cross over or the upper moving average and lower moving average as a SL
Thumbs Up For A Scalping Strategy
I love your voice and accent. ❤
Haha thank you
BONNITTA EA!! im planning in adquiring it and you will be our saviour if you can review it :)
there is a “wolf scalper” signal service, it was free, I wonder if this is same thing.
I bought this ea but I am very worried, I am still trying it on demo account but it is not very good. Backtest also promises a false profit every time you tick, but unfortunately, when you try it with real ticks, the account blows up. Which do you think we should believe?
Hey, from my personal experience I would say "every tick based on real ticks" is the most accurate modelling method.
I have got this ea however it doesn’t take any trade for last 1 year data
Hi Rene, I just want to know if there's an ea that you can recommend or if not available help me to make it whereby I can have a master account where I'll take trades on and it will send instructions to other accounts either on mt4/mt5, of different balances but doing the same trades in term of percentages and Risk and reward ratio.
I never really recommend any specific EA. I do not know what will work best in the future. Just do your own testing please and trade what you are comfortable with :)
Hi there, I have downloaded this MT5 EA from Trading Kernel for $24.99 USD. My anti-virus software however is telling me it contains malware so I haven't opened it. Trading Kernel tells me that I need to disable real time protection in order for it to run and that windows detects the DLL file as malware. Does any of this sound right? Any help appreciated!
For testing do you recommend every tick or every tick based on real ticks?
I think every tick based on real tick is supposed to be the most accurate method.
Hello, thank you for this video, I would need to understand one thing, if you can help me, in the history, profits it is displayed "canceled" several times. What can this be due to? I may have mishandled? thank you and thank you for the video.
Joana
Hey, that usually means that a order was cancelled.. you should ask the developer of the EA about it but I think he has a option in the settings for this
What is the best EA you have tested in your opinion? Good risk management with a low draw down?
Tough question... It depends on so many factors. I do not believe there is one "best" EA. It is always dependant on the market period and the settings and many other things...
Pls code for mt5 version with hidden transaction, i have a good broker for scalping but has minimum pending order range, stealth mode will works
Good, tôi cũng tạo ra công cụ tương tự
Hello can you make a tutorial for MT5 equity protector EA ?
Hey, maybe in the future :) first I want to code this scalping program.
hi, what's the minimum capital required to start for Wolf Scalper? The owner did not mention the min. balance to get started. Thanks
I think you can just choose whatever you feel comfortable with. It does not really matter because it uses a risk in percent lotsize calculation ;)
Why he didnt mention it? Open your eyes dude! 🤣🤣🤣
hello, good evening
please can you help me with tdi arrow indicator for mt5
Hey, I never heard of it and don't know how it is calculated. Maybe you will find a existing indicator in the mql5 forum?! :)
Hello, could someone tell me if this works in US regulated brokers?
I don't know I am sorry. Never used a US broker
Hi Rene , That is very interesting and if you can create something like that that would be great, but can you share the source code here to copy and paste , because i every time white you source then i click compile have a errors . Thank a lot
Video will be up later today. I think I can post the code in the comments. Remind me if I forget. Also I do NOT recommend the copy and paste method. You learn exactly nothing this way :D ;)
@ true i have learnt coding only the EAs from you channel having a lot fo frastrating mistakes
@@goldensithole6636 Yeah it can be frustrating in the beginning. But in the end it is worth it ;)
The truth is when break out happened, it brings more slippage with itself.
Yeah I am currently observing this. Watch my latest videos where I talk about it a little bit :)
@ I would. BTW, your channel is fantastic.👍
@@liujon8333 thank you ❤️
Can you write a simple EA on half treding indicator, since I followed your fundamentals, it does not work!
My fundamentals do not work? What do you mean with this?
@ I use halftrend indicator since I learned writing EA with your nice lecturer, once I put did everything like your teach, but error comes up "" array out of the range"" could you please write a simple EA with halftrend indicator
I want you to test my EA
Can you review pro Evolution EA please?
I don't know it yet but if more people want to see it I can make a review :)
Hello rene please review my EA "NEO breakout mt5" on mql5
good, tôi cũng tạo ra một công cụ mã nguồn mở
Bro I am sorry but I do not understand this language :(
Wrong backtest
I do not believe on this EA, since the owner fits this EA on the past history based on 1 H and the recommended currency, that is why after a two weeks he released new version!! this is a trick to get peoples money!
Could be. I will test it on this channel and we will see ;)
I'm not getting the same results
That can have many reasons. If you use another broker or a different account type (raw/spread) the testing results can be really different.
@ I'm using Hanko Trades true ECN
Can i buy it from you？
No bro it is not my EA :D
Bro,is it still useful now？I notice that the ea on mt5 has been disappeared，i only find the ea on mt4 now.@
Is it morally wrong if I share it's cracked copies with others ?
I don't know. Might be wrong.. But on the other hand I just published a programming tutorial for a really similar program :D
@ can you give me the link?
please can u test the trade bot WallStreet_Crypto_v1.0?
Hey, Anyone knows that the broker account type he is using. I opened wforex-profi account but it seems not right acc type
Rene, how to DM you please , email will be fine.
Hey you can just message me here :) I do not do programming jobs, programming support or cooperations anyways. I am sorry.
by the way ..i tour Germany before with high skilled programing engineers from Prakla Bohrtechnik ..i don't need any of the above ..wanna show you a very special code ..believe me it worth it . the ball is in your court .
Hello Rene thanks for all you do❤ my question is what are the 5 most profitable EA you know of that does not trade Joint Hedging trades. Joint Hedging is defined as trading opposing positions in multiple accounts e.g buying EURUSD in one account and selling EURUSD in another.
@@ekataemmanuel5111 I don't think you can make a list like this. It is always highly dependant on the market periods. Some EAs work better in trendy markets and some in sideways.
@@fxoverfianl5046 Ja bitte lass mal hören:))
Great video René! Please check your email, I sent you a message. Thanks!
Hey, I saw it and will reply via e-mail. Thanks for the kind feedback :)
Wait are you real valeriia