Ricardo Penders
- CEO at Home Business
- Netherlands
- 567
There are a few things I've invested my time and money in to figure out what works for me to get to where I want to go which is to be financially independent.
If you have been looking for a reliable and honest broker, look no further. I have been trading with FXChoice for a while now and I am extremely happy with their service.
In addition to very competitive trading conditions, their customer support is available 24/5.
If you open a live account with them by clicking on the referral link I have posted below, you will receive a one-time 15% deposit bonus.
1. My Personal sign up link here: https://my.myfxchoice.com/registration/?refer=31562
(use this link if you want to be able to copy exactly what I'm doing on my personal real account)
2. Introducing Broker client sign up link here: https://my.myfxchoice.com/registration/?ib=44802
(use this link if you want me to help you get setup for automatic trading, signals, hosting etc.)
Whenever you use a different broker you need to know that even with all the same indicators, EA and on the same time frame you will NOT have the same results, I know that your 4H chart on the same forex pair as my 4H chart don't even look the same...
I can't stress this enough that it's very important that you're using the same broker as the one you're copying trades from or use scripts, signals, EA's etc. this is why so many traders are losing money when they are using an EA with the values and settings according to the provider and you can see that they are making profits.
MetaTrader 5 is the only thing for me that gives me what I want to help me have the confidence to know when to get into a trade and after that point I needed to eliminate my personal shortcomings with at the top of the list is emotion and knowing when to get out of a trade, that's easy with this platform because I have all that fully automated using an EA that I found to be consistently profitable... Most of the work I'll keep doing manually such as getting into a trade, research of signals looking at the charts with my personal preference of indicators, account preservation, eliminating as many risks as possible such as preventing a margin call, minimal drawdown etc. but that's only because I haven't found the right fully automated EA that gives me profits consistently if at all and I'm not really comfortable to give up that much control knowing that getting the exact same results is close to zero.
One of the best things is that with MetaTrader 5 I'm able to trade without the broker seeing my SL and TP levels or the strategy because all that is automated by the EA and done virtually on my computer, this gives me the edge to be consistently profitable.
To my opinion MetaTrader 5 is the only platform that has it all and is not dependant on one particular broker so I'm not bound to some bullshit I don't want or like... I don't know why but only MetaTrader 5 works for me and it's the only platform giving me the tools to be profitable or set the level to break even taking into account what always goes to the broker on every trade I make, knowing this in a worse case scenario when the market goes completely against what I expected it to do I will turn it around to make a minimal amount of profit and get out, at least I'm not losing anymore using MetaTrader 5.
That's a bit about me and how I came to trading online using the MetaTrader 5 platform, MQL5 community and all the goodies it comes with.
Check out the Script I coded that instantly changes the active chart into a much better usable and readable chart with the necessary indicators to give you an overall look at the market and see the signals lining up, when most of the indicators line up that's giving you the signal to enter a trade... This is what I always change at first on a new active chart because it instantly shows what you need to my opinion.
Here's the link to my Script: https://www.mql5.com/en/code/12006
For general info about my script go to the forum here: https://www.mql5.com/en/forum/37975
For detailed info about my script go to my blog post here: https://www.mql5.com/en/blogs/post/722108
If you have been looking for a reliable and honest broker, look no further. I have been trading with FXChoice for a while now and I am extremely happy with their service.
In addition to very competitive trading conditions, their customer support is available 24/5.
If you open a live account with them by clicking on the referral link I have posted below, you will receive a one-time 15% deposit bonus.
1. My Personal sign up link here: https://my.myfxchoice.com/registration/?refer=31562
(use this link if you want to be able to copy exactly what I'm doing on my personal real account)
2. Introducing Broker client sign up link here: https://my.myfxchoice.com/registration/?ib=44802
(use this link if you want me to help you get setup for automatic trading, signals, hosting etc.)
Whenever you use a different broker you need to know that even with all the same indicators, EA and on the same time frame you will NOT have the same results, I know that your 4H chart on the same forex pair as my 4H chart don't even look the same...
I can't stress this enough that it's very important that you're using the same broker as the one you're copying trades from or use scripts, signals, EA's etc. this is why so many traders are losing money when they are using an EA with the values and settings according to the provider and you can see that they are making profits.
MetaTrader 5 is the only thing for me that gives me what I want to help me have the confidence to know when to get into a trade and after that point I needed to eliminate my personal shortcomings with at the top of the list is emotion and knowing when to get out of a trade, that's easy with this platform because I have all that fully automated using an EA that I found to be consistently profitable... Most of the work I'll keep doing manually such as getting into a trade, research of signals looking at the charts with my personal preference of indicators, account preservation, eliminating as many risks as possible such as preventing a margin call, minimal drawdown etc. but that's only because I haven't found the right fully automated EA that gives me profits consistently if at all and I'm not really comfortable to give up that much control knowing that getting the exact same results is close to zero.
One of the best things is that with MetaTrader 5 I'm able to trade without the broker seeing my SL and TP levels or the strategy because all that is automated by the EA and done virtually on my computer, this gives me the edge to be consistently profitable.
To my opinion MetaTrader 5 is the only platform that has it all and is not dependant on one particular broker so I'm not bound to some bullshit I don't want or like... I don't know why but only MetaTrader 5 works for me and it's the only platform giving me the tools to be profitable or set the level to break even taking into account what always goes to the broker on every trade I make, knowing this in a worse case scenario when the market goes completely against what I expected it to do I will turn it around to make a minimal amount of profit and get out, at least I'm not losing anymore using MetaTrader 5.
That's a bit about me and how I came to trading online using the MetaTrader 5 platform, MQL5 community and all the goodies it comes with.
Check out the Script I coded that instantly changes the active chart into a much better usable and readable chart with the necessary indicators to give you an overall look at the market and see the signals lining up, when most of the indicators line up that's giving you the signal to enter a trade... This is what I always change at first on a new active chart because it instantly shows what you need to my opinion.
Here's the link to my Script: https://www.mql5.com/en/code/12006
For general info about my script go to the forum here: https://www.mql5.com/en/forum/37975
For detailed info about my script go to my blog post here: https://www.mql5.com/en/blogs/post/722108
Ricardo Penders
You need to watch the video on my blog post here https://www.mql5.com/en/blogs/post/722108
Ricardo Penders
Published screenshot
· 1
499
Ricardo Penders
2019.10.18
400+ pips profit with GBPCHF right now, trading with my trusty EA of course... :)
Ricardo Penders
I made a new website on Google Sites check it out at: https://sites.google.com/view/thedutchtrader/homepage
Having Google on your side helps to get a higher ranking with my MetaQuotes Profile, you can check on Google Search when you search for "TheDutchTrader" if you can see my MQL5 link on the first page.
If you see my link and want to help me a little bit to get a higher ranking by clicking on my link, you'll see that when you search for "TheDutchTrader" that my links are ranked higher so thanks in advance for clicking on my links.
Having Google on your side helps to get a higher ranking with my MetaQuotes Profile, you can check on Google Search when you search for "TheDutchTrader" if you can see my MQL5 link on the first page.
If you see my link and want to help me a little bit to get a higher ranking by clicking on my link, you'll see that when you search for "TheDutchTrader" that my links are ranked higher so thanks in advance for clicking on my links.
· 1
Ricardo Penders
Hi there,
If you have been looking for a reliable and honest broker, look no further. I have been trading with FXChoice for a while now and I am extremely happy with their service.
In addition to very competitive trading conditions, their customer support is available 24/5.
If you open a live account with them by clicking on the referral link I have posted below, you will receive a one-time 15% deposit bonus.
This is the link mentioned above:
https://my.myfxchoice.com/registration/?refer=31562
Follow the link or copy and paste it into the address bar of your browser, then press the Enter key. You will be redirected to the account opening form.
Good luck.
If you have been looking for a reliable and honest broker, look no further. I have been trading with FXChoice for a while now and I am extremely happy with their service.
In addition to very competitive trading conditions, their customer support is available 24/5.
If you open a live account with them by clicking on the referral link I have posted below, you will receive a one-time 15% deposit bonus.
This is the link mentioned above:
https://my.myfxchoice.com/registration/?refer=31562
Follow the link or copy and paste it into the address bar of your browser, then press the Enter key. You will be redirected to the account opening form.
Good luck.
· 1
Ricardo Penders
Published screenshot
· 1
517
Ricardo Penders
2019.09.25
It is not recommended to trade this pair, however the short term trend is bearish and very strong right now and with the EA values set to minimize risk I just earned some profit and opened a new sell order again to ride the trend a bit more.
Ricardo Penders
Trading EURUSD today on the 1H chart, it's my most profitable trade ever on this platform.
I'm not using any fancy smancy indicators whatsoever, no signals, no EA, nothing but my own common sense...
Look at the active chart screenshot below
I'm not using any fancy smancy indicators whatsoever, no signals, no EA, nothing but my own common sense...
Look at the active chart screenshot below
· 1
Ricardo Penders
What's Working Now, using my Script and an awesome free EA together...
5 September 2019, 07:19
Finally I've got a combination of indicators together with an EAthat are working for me and I want to share with you. To be exactly for one Forex pair I have 2 charts opened...
· 3
1022
Ricardo Penders
Check out my updated MetaQuotes Profile, I made it much better and provide the links so you don't have to search for it... Go to profile here: https://www.mql5.com/en/users/thedutchtrader
· 1
Ricardo Penders
The USDCHF pair was trading around the support level so it's unusable to me right now, perfect to look at the last couple of news messages to see if something else is going to be interesting for me to look at and maybe open an order.
So I found the USDCAD pair to be usable, I'm again using the AWESOME EXP-ASSISTANT but now I have it on the 4H chart and changed the EA to have the most optimized values for this particular currency pair and the 4H timetable... I hope it will help me get out if the market goes against me or get the most out of the active profitable trade and have a break even level set so when it triggers I ensure my trade to be profitable whatever happens.
The latter did save me at least once and got me the most profit to the last pip when the market changed to go against me, looking back on my chart to see what happened I was pleasantly surprised that it worked out beautifully.
So I will have only this pair USDCAD that I will use for the rest of the week to keep it simple, I have the EA on the 4H chart because I want to test if I get the EA to work for me even though it's recommended to trade the 1H charts this pair is behaving different so I think it will work out better on the 4H chart and I think it keeps to be usable as long as the trend keeps up the way it does now, at least for this week.
Here are the direct links to the EXP-ASSISTANT that I'm using, I highly recommend you to check it out especially if you're new to trading I'm absolutely sure that you can use this utility to be profitable too.
-------------------------------------------------------------------------------------------------------------------------------------------
Automatic installation of stop loss / take profit / trailing stop: FREE
🔧 ASSISTANT: MT4: https://www.mql5.com/en/market/product/14623
🔧 ASSISTANT: MT5: https://www.mql5.com/en/market/product/4477
-------------------------------------------------------------------------------------------------------------------------------------------
Don't forget to hit Like or leave your comment, thanks.
So I found the USDCAD pair to be usable, I'm again using the AWESOME EXP-ASSISTANT but now I have it on the 4H chart and changed the EA to have the most optimized values for this particular currency pair and the 4H timetable... I hope it will help me get out if the market goes against me or get the most out of the active profitable trade and have a break even level set so when it triggers I ensure my trade to be profitable whatever happens.
The latter did save me at least once and got me the most profit to the last pip when the market changed to go against me, looking back on my chart to see what happened I was pleasantly surprised that it worked out beautifully.
So I will have only this pair USDCAD that I will use for the rest of the week to keep it simple, I have the EA on the 4H chart because I want to test if I get the EA to work for me even though it's recommended to trade the 1H charts this pair is behaving different so I think it will work out better on the 4H chart and I think it keeps to be usable as long as the trend keeps up the way it does now, at least for this week.
Here are the direct links to the EXP-ASSISTANT that I'm using, I highly recommend you to check it out especially if you're new to trading I'm absolutely sure that you can use this utility to be profitable too.
-------------------------------------------------------------------------------------------------------------------------------------------
Automatic installation of stop loss / take profit / trailing stop: FREE
🔧 ASSISTANT: MT4: https://www.mql5.com/en/market/product/14623
🔧 ASSISTANT: MT5: https://www.mql5.com/en/market/product/4477
-------------------------------------------------------------------------------------------------------------------------------------------
Don't forget to hit Like or leave your comment, thanks.
· 1
Ricardo Penders
Published screenshot
· 1
486
Ricardo Penders
2019.08.28
The USDCHF Daily Outlook with my comments and signals drawn on my active chart, trend looks like it's reversing from how I was trading last week.
Ricardo Penders
I found the ULTIMATE FREE EA and made a new friend this month, his name is Vladislav Andruschenko and I think you should check out his work here: https://www.mql5.com/en/users/vladon
He's the best and active for 10+ years so to my opinion the guy knows what he's doing, before I started using his EA it was impossible for me to trade with the confidence I have now, by simply setting the right values I'm able to trade without losing any money.
This month I've traded 17 times using his AWESOME FREE to use EA and made 30.9% profit, you can check it yourself looking at the snapshot I made from my active workspace below.
Finally I'm a happy trader with a lot more confidence thanks to Vladislav.
Here are the direct links to the EXP-ASSISTANT that I'm using, I highly recommend you to check it out especially if you're new to trading I'm absolutely sure that you can use this utility to be profitable too.
-----------------------------------------------------------------------------------------
Automatic installation of stop loss / take profit / trailing stop: FREE
🔧 ASSISTANT: MT4: https://www.mql5.com/en/market/product/14623
🔧 ASSISTANT: MT5: https://www.mql5.com/en/market/product/4477
He's the best and active for 10+ years so to my opinion the guy knows what he's doing, before I started using his EA it was impossible for me to trade with the confidence I have now, by simply setting the right values I'm able to trade without losing any money.
This month I've traded 17 times using his AWESOME FREE to use EA and made 30.9% profit, you can check it yourself looking at the snapshot I made from my active workspace below.
Finally I'm a happy trader with a lot more confidence thanks to Vladislav.
Here are the direct links to the EXP-ASSISTANT that I'm using, I highly recommend you to check it out especially if you're new to trading I'm absolutely sure that you can use this utility to be profitable too.
-----------------------------------------------------------------------------------------
Automatic installation of stop loss / take profit / trailing stop: FREE
🔧 ASSISTANT: MT4: https://www.mql5.com/en/market/product/14623
🔧 ASSISTANT: MT5: https://www.mql5.com/en/market/product/4477
· 3
Ricardo Penders
Last week I've been using the EXP-ASSISTANT on the 1H chart, USDCHF forex pair and didn't lose any trade at all until this morning because the pair did go against me, however the EA saved me with the SL.
Starting this morning I've traded 7 times and I'm already profitable again.
What I learned using the EA I came up with the settings as shown on my active workspace below.
Keep in mind that it is very hard to trade profitable with such a low balance because I've all the odds against me being that my margin is only €4.50, my Free margin is only just above €13 or less with one open trade at 0.01 Lots yet I'm still able to use this EA and be profitable.
The Breakeven setting is really helpful and after some tinkering with it I now know how it works, take the example as shown below I've set the LevelProfit at 100 points, and the LevelWLoss at 50 points, this means whenever the market goes 100 points above my entry level it sets the new Stop Loss at 50 points above my entry level which ensures me whatever happens I will always be in the money and just can't lose anymore.
I hope this is helpful to you, if so please hit LIKE and if you have the time I would appreciate your comment, thank you very much.
Starting this morning I've traded 7 times and I'm already profitable again.
What I learned using the EA I came up with the settings as shown on my active workspace below.
Keep in mind that it is very hard to trade profitable with such a low balance because I've all the odds against me being that my margin is only €4.50, my Free margin is only just above €13 or less with one open trade at 0.01 Lots yet I'm still able to use this EA and be profitable.
The Breakeven setting is really helpful and after some tinkering with it I now know how it works, take the example as shown below I've set the LevelProfit at 100 points, and the LevelWLoss at 50 points, this means whenever the market goes 100 points above my entry level it sets the new Stop Loss at 50 points above my entry level which ensures me whatever happens I will always be in the money and just can't lose anymore.
I hope this is helpful to you, if so please hit LIKE and if you have the time I would appreciate your comment, thank you very much.
· 2
Ricardo Penders
Almost 5% profit with my active trade right now, I'm testing the Breakeven settings because I'm not sure what it does so I've set the LevelProfit to 500 and the LevelWLoss to 100 which is different from my last couple of trades, previous I've set it to 40 LevelProfit and 0 LevelWLoss.
I think with the new setting I need to be sure to trade the trend because now I've upped the level of Breakeven so it will give me more profit as long as the trend keeps going looking at the daily chart.
I'm getting into a trade and buy when the market dips at around 0.97700 with TP set 1250 points higher and SL at 200 points below.
I'm also using the virtual functionality of the trading utility so my broker doesn't see my stoploss and takeprofit levels which is a very nifty and helpful function to my opinion.
I think with the new setting I need to be sure to trade the trend because now I've upped the level of Breakeven so it will give me more profit as long as the trend keeps going looking at the daily chart.
I'm getting into a trade and buy when the market dips at around 0.97700 with TP set 1250 points higher and SL at 200 points below.
I'm also using the virtual functionality of the trading utility so my broker doesn't see my stoploss and takeprofit levels which is a very nifty and helpful function to my opinion.
· 2