Why the Quantum Emperor EA is Burning Accounts (And What You Can Learn From It)

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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 ;)

Trading in derivative products such as futures, options, CFDs, Forex and certificates involves a considerable risk. These products are not suitable for every investor. Investors could potentially lose all or more of the original investment. If anything, only money that equals personal risk capital and can be lost without jeopardizing financial security or lifestyle should be used. Partially or fully automated trading programs can only be used to support the trader. Past performance is not an indication of future results.

[ConsciousAlchemy]

Bro people should use eas they understand makes no since to blindly trust domes else strategies.

You don’t really know the ins and outs of the ea.

Better off putting that investment else where

[rsnautica]

I agree with you Sir, I personally backtest this EA and result big drawdown and lose a lot of money in backtest. thank you for your guidance in youtube so that other people will be aware. and reminder for individuals who like to use EA, please do your personal backtest.

[bofxtrader]

Just I asked a buyer of this seller, why he placed a 5-star rating just after the latest 1-star review. He answered (I quote the original): "no no, i know it is a scam he tell me to make 5 star so that he could refund me i tried to get a refund from MT5 mql5 but they dont help"

[SHUQU]

Thank you so much Réne! I almost bought it! and you are right, - everyone should take their own responsibilities, learn!

[tonyaguib]

Good that you recorded this before he deletes the original signal. MQL5 needs to do something about that. Sellers shouldn't be allowed to simply hide the failure of their EA and start a new signal to scam new buyers

[後的世界]

hello, i am 5 year data analysis dev and 5 year full auto 24hours trading mql5 developer, i just want to say, the first thing is, if the ea is dev base on mql4, that mean ea is not include any about "quantification" because real "quantification" need very large "computer computility" and mql4 dont support cpu multi core even more that 4gb ram so base on the ea is dev by mql4 then that mean already rubbish since we can use mql5 and computer come powerful

[ResoluteVoices]

thank you for the video rené, i have already back tested this one some months ago and after talking to bogdan i've decided to stay away cause i saw no promising future for it, and... i was right :)

[aligray]

Hi René, I think this EA is a scam, I wanted to write a similar code to compare its trades; For example, if you check November 10, 2022, you will see that if it would trade normally, a stop loss would happen, but instead of placing orders at the distance of 1 point like the previous days, the sell-stop order will place at 50 points distance. So I think the dates are written in code manually.

[Kashfxalgo]

Rene talk about the White Aura and Black Aura Editions expert advisor

[InfinityNomads]

@Rene Balke
Thanks for the video and insight on the Marketplace sales practices.
Really helps people dodge some bullets and the importance of building your own EA's and understanding the underlying strategy and risks.

[enriqueacevedo]

Very good and illustrative video. Thanks.

[AaronOak]

Never mind my last comment 🤣🤣
He deleted the old signal.
The product page now has only 1 signal (the new one with different initial deposit).
Anyway I just hope all the buyers didn't blow their accounts and maybe even get profit (though looks difficult to offset the EA price itself)

[goldtrader]

Hello I challenge you to create a hedging martingale strategy 10 pips distance for buy and sell then 10 pips for the profit initial lot is 0.01 then it will double or 3x the trade if you did it congratulations kindly share the ea for us

[kelapadua]

Hallo sir nice to see your review, if you dont mind sir hope you can review ea top bottom, need your opinion about this and what you think about this ea thanks

[praveenpk]

Thank you good information.
Can you review (deriv umbrella mt5 ea)

[jonesy]

Thanks for the video, genuine question, why when you backtest this EA does it not margin call over 14 years, but in the first 6 months it hits a margin call? How in terms of EA coding would you achieve this, or is backtesting broken?

[Kingdomalgos]

Martingale works great! Until it doesn’t 😂

[MaCla-ov]

Hello Rene, why you dont talk about the adjustments, who can be made to almost all of the EAs. Using a EA on default mode is very risky, but you can adjust them to minimize the risk with changing lot size, multiplier, grids, stop loss etc. No robot is risk free, but it can be minimized.

[FlyingVideos]

Can you do a review on his latest EA the Quantum Queen please?

[lorenz]

So why does the backtest which you can try with the demo version of it show perfect results? is it manipulated?