Reddit reviews Growing The Money Tree: Financial Freedom One Leaf At A Time
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Used Book in Good Condition
Yes and (shameless self plug) I even wrote a book about it.
You have the right idea, an automated trading agent is definitely a benefit in that it is emotionless, constantly running (assuming you have your machine, router and modem hooked up to a UPS) and can be profitable. I must stress the can be since it will not always be that way.
I've written mine completely on my own, no MQL EA development for me! To be honest I stay away from MT4/5 mainly because of the windows requirement (yes, I've heard of Wine but I'm not interested).
My approach is algorithmic with a touch of AI since that's what has worked best for me. I still tune my app every few weeks/months (it's been good lately, so I'm happy) but I do keep an eye on it. I use fixed SL/TP levels, but I've had them "dynamic" in the past.
If you're looking for a fool-proof formula for success, there isn't one. You need to trade manually and learn from your mistakes. Find yourself a strategy that works for you. My strategy involves MA crossovers with an RSI confirming it, but I also have a bunch of other "filters" with it like a minimum value for the crossover, a range that the RSI needs to be in to confirm a signal, etc. Coupled with a fixed SL/TP, it's done me well. The parameters for each are dynamic and found via my AI algorithm. Still, I came up with this strategy doing manual testing with it, followed by a boatload of back-testing.
PM me if you want to chat more.