RSI Trendline Trader

One of the traders I followed a lot and studied has been Alex du Ploy from Australia. His EAs have helped me in my own trading and his trading technique has made the most sense to me. He also has a colleague Barry Thornton who has graciously shared his techniques with Alex and he has provided them as a course when you purchase some of his EAs.

Barry has made millions using this technique and is living on an island somewhere enjoying his success. This technique of his is very simple and gives just enough of an edge in the market that if you trade it consistently you will have success, he’s proof.  

This EA automates the trading process created by Barry and makes it so you don’t have to be in front of the computer all day waiting for the setup. Now of course no EA is a set and forget EA. what you need to identify is the market phase that you are in (trending, ranging) before you turn on the EA and then have the settings for that type of market saved as a set file that you can load into the EA and use for that market. I personally create 3 set files (up trend, down trend, and ranging market) for each currency that I trade.I use the 4 hour timeframe to determine the market phase and then turn the EA on using that set file. I’ll even go so far as to have only buy orders allowed for up trending markets and only sell orders allowed for down trending markets.

Here is the link to the RSI Trendline Trader EA

https://expert4x.idevaffiliate.com/idevaffiliate.php?id=228&feed=12

 

 

Grid Trend Multiplier

 

In the next few posts I am going to share a few of the EAs and indicators that I use in my trading that help to 2x and 4x my trading results. This first one I am going to share with you is the Grid Trend Multiplier.

This EA functions off a simple concept of placing a trade at a predetermined level say 5 pips and cashing in that trade when price reaches the next level.

Here is a video explaining the concept:

https://expert4x.idevaffiliate.com/idevaffiliate.php?id=228&feed=2

Now to save you a lot of time and stress I will tell you off the bat you can not set and forget this EA. You will have large drawdowns if you do. The key to success using this EA is to look for manual trading setups and set the closing levels at your stop loss and take profit levels. This will protect your account and also increase your earnings. If you have the right gap sizes and catch a nice sideways market that eventually goes to your target you will exponentially increase the profit on your trade.

This EA can be used in a sideways and trending market you just have to know which one you are in. I use it for both but mainly for my directional trading. If I feel the market is in a trend I will turn on the EA in that direction only. If it is sideways I will turn on the buy and sell features.

I frequently turn 17 pip moves into 34 pips just by using this EA. You can get it from Alex’s company Expert 4X. I own many of his EAs and full disclosure I do get a commission if you use my link to purchase it. You can rest assured I only recommend products that I personally use.

My Journey

 I just wanted to share my journey of trading so far for the benefit of anyone who is struggling and trying to figure things out.

I have yet to feel like I am a success but I feel a lot closer now that I have in many years. I’ve studied stock, options, forex and crypto and used many trading strategies and indicators. After all of my trials and errors I have finally found several strategies that I employ in tandem that keep me in the markets but also keep me away from trouble.

Aside from the strategies there are some key important money management and risk management rules I have set up as well as some psychological techniques that help me remain calm in difficult situations.

As I said I am by no means a master of these elements but I am getting better everyday and have had the most consistent success I’ve ever had.

I first started trading way back in 2000 and in true glutton for punishment fashion I chose to trade options because it had more leverage but it was super challenging to learn. I got it though and kept trying to win more than I lost. That proved to be a losing proposition however because I had no understanding of market phases, risk management, money management and smart money concepts.

Time passed and I missed the crypto run after taking my money out too early. I lost money on a couple of scams but thankfully not too much. A buddy of mine kept encouraging me to trade forex because he had so much success and with figures like $900 a week I was hooked. This proved to be illusive for me however because I did not have the right psychology to trade. I had practiced losing too much and was pulling out of trades too early for fear of losing. I had to detach myself from the trade in order to become successful. That’s when I got interested in using bots or EAs to trade. I figured if a computer can write music and make art than surely a computer can trade for me and help me get over some of my anxiety while trading.

I researched several individuals and companies who made trading bots and tested many of them. I found one individual who was consistent and has been consistent over these many years and that’s Alex duPloy from Expert4X. He consistently updates his trading robots and provides a wealth of content on how to trade them. He is also creating new robots and has a free and paid forum for owners of his robots to trade stories and ideas. I’ll be sharing some of the trading robots that have helped me in my trading and the best approaches I have found to use them effectively.

Well that’s my story so far (the abridged version). Hopefully in the near future I will be sharing my prop firm trading journey and giving insight as to the best practices to get funded.