One of the few real algo traders who codes, tests, and live streams his own strategies joins me to talk about risk, AI, and what actually works in automated trading.

⭐️ Visit IC Markets to open a demo or live account:

IC Markets: https://link.algotradingspace.com/FUwxZ

Rene Balke is not your average trading YouTuber—he's a seasoned developer and algo trader with over a decade of experience coding his own expert advisors. In this episode, we dive into his full journey from German banking to running a transparent, fully automated trading account live on YouTube. Rene explains the pros and cons of coding your own EAs versus using marketplace robots, why most beginners focus too much on profit instead of risk, and what separates serious traders from the hype-driven crowd. We also talk about using AI to build expert advisors, how he deals with drawdowns, and why having a stable mindset is just as important as having a solid strategy. If you've ever thought about building your own trading bots, or you just want to learn from someone who actually trades what they talk about—this episode is for you.

💎 Enrol in Rene's online MT5 masterclass here: https://link.algotradingspace.com/NmxiL

Chapters:

00:00:00 Introduction

00:00:54 Welcome Rene Balke

00:01:07 The Only One Selected from Ten

00:02:45 Early Personal Achievements

00:03:12 Being Among the First

00:03:36 How Rene Got into Algo Trading

00:06:05 From 9–5 Job to Full-Time Trading

00:07:51 Why Code Your Own EAs First?

00:10:19 Who Should Learn to Program EAs?

00:14:01 Inside Rene’s Programming Course

00:15:54 Build Your Own EA or Buy One?

00:20:02 Biggest Beginner Mistakes to Avoid

00:21:55 The Problem with Fake Gurus

00:25:34 Live Streaming a Real Trading Account

00:29:06 Handling Drawdowns Personally

00:34:30 Advice to Beginners from Experience

00:38:40 Programming vs Trading – What Matters More?

00:42:53 The Future of Algorithmic Trading

00:47:37 Key Skills for Future Algo Traders

00:52:00 Advice for Beginners and Advanced Traders

00:56:50 Final Thoughts from Rene

00:58:57 Withdraw Profits or Compound?

01:01:21 Closing Remarks

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Materials and opinions provided here are intended solely for informational purposes for prospective clients and does not constitute investment advice made by the presenter and/or the Company. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to risk losing your money.

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