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Tagged: copy trading, Envelopes, FTMO Robot Parameters, FTMO Robot settings, Pip value for XAUUSD, Prop EA App, Prop Firm Robots, protection, RSquared PropEA
- This topic has 107 replies, 4 voices, and was last updated 3 weeks, 1 day ago by
Marin Stoyanov.
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AuthorPosts
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September 22, 2023 at 23:37 #200506
Dion Burroughs
ParticipantI have run the strategy tester with the FTMO-Robot on at least 4 of the 7 pairs on an FTMO $50,000 demo account, and I either get $20 – $118 negative profit or $500 – $689 positive profit at the end of the test. I have changed the lot size lower from 1.0 to 0.8 and still bad results. The relative drawdown is always around 2% to 3% but never reaching anywhere near the 10% profit target. Please advise.
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September 22, 2023 at 23:50 #200524
Anonymous
InactiveIt looks like overall the FTMO robots are showing profit from how I read your comments. I recommend testing the robots with an FTMO Demo account over at least one month. Since the FTMO Demo account only last for 14 days you would have to do it twice. After one month review the results. I have been doing this since the first of August for the FTMO EURUSD EA version 4.1. You can review my results in the forum.
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September 25, 2023 at 11:21 #200972
Anonymous
InactiveThe problem is that most people depend 100% on the MetaTrader backtester, which is not perfect, actually, it is far from being perfect.
Like Alan said, the best is to test the EAs on Demo, which is a realistic forward testing.
Also, the EAs created with FSB Pro are advanced for the MetaTrader backtester, and the results are often not realistic. So a Demo test it the best thing to be done.
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September 25, 2023 at 17:46 #201107
Anonymous
InactiveDo you have to change the stop losses and take profits ? Or leave them as they are?
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September 26, 2023 at 15:21 #201318
Anonymous
InactiveThe only change you need to make is to adjust the lot size based upon your account size to reduce risk! The following recommendations limit risk to 1%. You can adjust the recommended based upon your tolerance to risk.
200K Account: Amount for new position = 6.0 / Maximum position amount = 6.0
100K Account: Amount for new position = 3.0 / Maximum position amount = 3.0
50K Account: Amount for new position = 1.5 / Maximum position amount = 1.5
25K Account: Amount for new position = 0.75 / Maximum position amount = 0.75
10K Account: Amount for new position = 0.30 / Maximum position amount = 0.30
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September 28, 2023 at 12:29 #201882
Anonymous
InactiveHi, I recently purchased these 7 EA for FTMO but I don’t understand how I should set the “Amount to close on reduction” value.
If I have a $200k account, the 1% risk per trade based on the SL is 6.13 lots. I understood the meaning of the first three settings but I don’t understand the 4th. Can you help me? Thank you-
September 28, 2023 at 18:10 #201937
Anonymous
InactiveHere is how it works: Lets say you are in a long position with a lot size of 6.13 lots. Now you get signal to go short. What will happen is your long position of 6.13 lots will be reduced by 6.13 lots. This then would mean that your long position lot size is now equal to zero and your long position would be closed. Now lets take another case. Let’s say you have set the reduction lot size to 1.0. Now when you get a signal to go short your long position would be reduced to 5.13 lots and you would still be in a long position instead of a short position because you still have a long position with a lot size of 5.13. Now lets take another case. Let’s say you have se the reduction lot size to 7.13 lots. Now when you get a signal to go short your long long position of 6.13 lots would be reduced by 7.13 lots. Since your long position only has 6.13 lots this would mean that your position will be changed to a short position with 1.0 lots.
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October 4, 2023 at 0:24 #202998
Anonymous
InactiveHi, i am planning to buy this robot but its not clear if it can be used for MT5! can it?
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October 4, 2023 at 0:37 #203001
Anonymous
InactiveYes! You will receive two EAs, one for MT4 and one for MT5.
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October 6, 2023 at 11:54 #203399
Anonymous
InactiveHi everyone! I would like to ask the community if on days with high volatility impact news it is better to stop the FTMO EA. Do any of you use them during news stories like no farms, CPI, etc? thank you
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October 6, 2023 at 13:21 #203412
Anonymous
InactiveIt’s a personal choice. I don’t stop trading during NFP or any other news event. Sometimes it hurts my trading somewhat and sometimes it helps my trading. It all averages out in the long run. In my opinion, the purpose of auto-trading is to let the EAs do the trading.
You can follow my demo trading of FTMO. The demo accounts only last for 14 days and then I have to restart them. So I just combine all the results of all the 14 day periods to see how the FTMO is doing over the longer term.
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October 8, 2023 at 18:20 #203732
Anonymous
InactiveI thought these EAs had a trailing stop and magic number parameters, v 4.2.
Does v4,2 have Trailing Stop and Magic Number parameters?
Attached is a screen shot of a compiled GBPAUD EA, note the lack of Trailing Stop and Magic Number.
Please advise.
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October 8, 2023 at 20:04 #203745
Anonymous
InactiveHi Ellen,
Petko doesn’t normally use trailing stops so the FTMO EAs do not use them. He had tested trailing stops over a long period of time and did not see any benefit from using them. Petko prefers to use a fixed Stop Loss and a fixed Take Profit. In the FTMO EAs he has set the Stop Loss to 80 pips and the Take Profit to 45 pips.
I have shown the magic number in the red rectangle in the image below. You will find it in the Experts Settings section:
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October 9, 2023 at 16:16 #203862
Anonymous
InactiveYes, Alan answered precisely about the Trailing Stop Loss.
Regarding the Magic Number, it is available on MT4 but not on MT5.
Cheers,
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October 10, 2023 at 2:53 #203942
Anonymous
InactiveHello,
I have a question about the new entry time feature in v3. For what time zone are the default settings based? I place my trade entries based on New York time.
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October 10, 2023 at 15:28 #204024
Anonymous
InactiveHi Alashea,
It is 1 hour after the market opens for the day. It is 4PM here in Texas and in NY it should be 6PM I think.
Kind Regards,
Alan
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October 17, 2023 at 21:25 #205283
Anonymous
InactiveHello Petko!!!! I want to buy these FTMO robots from you. I am a licensed user of FSB Pro. And I have a question. Have these robots passed the MONTE CARLO test!!?? Yes or no. I just have similar robots and they do not pass the MONTE CARLO test!!! Please answer
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October 18, 2023 at 13:36 #205392
Anonymous
InactiveHi,
I keep getting this msg in the journal. Can you tell me how to solve?
2023.10.18 10:16:09.121 ‘83809579’: order buy 1.00 EURUSD opening at market sl: 1.05251 tp: 1.06151 failed [Trade is disabled]
Spread level is set at 30.
M1 – Robot Smiley is also on, but not able to figure out the issue.
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October 18, 2023 at 14:20 #205402
Anonymous
InactiveThis error message usually occurs when there is an issue with your broker.
What is your account size?
Try to place a small trade manually, such as 0.01 lots, to see if your broker will accept this trade. You can then close the trade.
If you can place a small manual trade then try a small lot size with the EA.
If you still cannot place a trade contact your broker on why you are not able to place a trade.Alan,
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October 20, 2023 at 16:44 #205781
Anonymous
InactiveHello,
I got this message and I do not know what that mean?
2023.10.20 15:35:26.843 GBPCAD M1 FTMO Filter M30 (7) (AUDUSD,M1) Error with OrderCheck: Trade disabled
Please help,
Regards,
Aleksander
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October 20, 2023 at 16:56 #205783
Anonymous
InactiveThis means that you cannot place any orders, including market orders and pending orders. If this is the reason why you are receiving the trade is disabled error message in MT4, the solution to this problem is simple. Just wait for the market to open and try to execute your trade again.
Alan,
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October 20, 2023 at 20:09 #205808
Anonymous
InactiveThank you for your answer.
I got this message on MT5 and I can open order manually but not with EA
Regards,
Aleksander
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October 20, 2023 at 20:41 #205810
Anonymous
InactiveDo you get the same error message for all EAs?
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October 20, 2023 at 20:51 #205814
Anonymous
InactiveI can’t say because I don’t use all, just three if them. They don’t open trade today.
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October 20, 2023 at 22:08 #205826
Anonymous
InactiveSince GBPCAD is getting an Error message saying trade is disabled this normally occurs when the broker will not allow trades to be taken. Since you can manually open trades it leads me to believe your broker does not allow auto-trading. Further since the other two EAs are also not taking trades makes me wonder if they too are getting the trading disabled message. However, if the other two EAs has not been active long enough it could be that the EAs have not yet tried to take a trade. This then makes me wonder if when these two EAs do try to take a trade will they then have their trades disabled by your broker. Right now it is my opinion your broker could be blocking auto trading. I recommend you contact your broker to verify if they allow trading with Expert Advisors.
Alan,
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October 24, 2023 at 0:28 #206520
Anonymous
InactiveIs there a way to remove all references to FTMO in the EA, so that the FTMO never comes up when placing trades or leaving any journal entries??? There are many Prop Firms that look for this information when they review a successful challenge. Some Prop Firms will even disqualify the challenge and force you to start over again.
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October 24, 2023 at 1:25 #206536
Anonymous
InactiveRename the EA.
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November 8, 2023 at 8:43 #210706
Anonymous
InactiveHi guys i am confused about what level i should be keeping spread protection at, If i want to avoid news but allow my bots to reverse trades whenever needed is there a good level for ftmo servers?
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November 8, 2023 at 15:48 #210808
Anonymous
InactiveHey Dylan,
I keep it at the default value. Because if you increase it a lot, you will avoid a lot of the entries when there is no news.
Cheers,
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November 8, 2023 at 23:19 #210926
Anonymous
InactiveThank you for your reply Petko, however i am still a little confused. The way i currently understand is if i have spread protection set to default at 30 points then the bot will not open or reverse trades if the spread is greater then 3 pips? Is that correct? Because the AUDNZD pair very rarely has a spread that low for me.
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November 9, 2023 at 2:13 #210954
Anonymous
InactiveHi Dylan,
With respect to AUDNZD or any other asset you should adjust the spread protection appropriately. The idea is to keep an asset from trading when the spread is too wide. Wide spreads reduces potential profit and increases potential loss!
Alan,
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November 9, 2023 at 4:16 #210978
Anonymous
InactiveHello I just added 3 robots on 3 different pairs and kept the algo on the whole day and it did not take any trades I dont know what is the problem? can someone helpme
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November 9, 2023 at 19:20 #211131
Anonymous
Inactive*** TURNING OFF FOR NEWS ***
I just purchased V.5 of the FTMO EA> Looking forward to getting going. I heard someone on YouTube say that Petko manages the EA’s to avoid red news events. Is that right? If so, could you please give some guidance on specifics?
- Does he close open trades before RED FOLDER news relevant to currency? e.g. USD
- How much time either side of the red news does he allow? 60 mins? 90 mins?
- Does he turn them all off for NFP? For the whole day?
Thank you!
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November 10, 2023 at 1:02 #211208
Anonymous
InactiveHey guys what is the correct way to increase lot size without messing with the reversing system in the bots? can i just increase lot size for a trade and a reversal and the bot will only trade the max size allocated size that is set? or is it best to open a new chart and place the bot on there with the increased size?
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November 10, 2023 at 9:22 #211265
Anonymous
InactiveHi Dylan,
If you want to increase new position size then you will need to increase max position size so that it is equal to the new position size.
Alan,
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November 13, 2023 at 6:22 #212122
Anonymous
InactiveI went through the passing the FTMO course and have the FTMO robot installed and ready to go. I just have 1 question. Do I need to adjust the time settings for when it runs with my brokers time on MT4? If so, how? Thanks
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November 13, 2023 at 9:44 #212144
Anonymous
InactiveHi Robert,
No you do not need to adjust the time frame of the robot. As long as there is a smiley face in the upper right corner of the chart you are good to go!
Alan,
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November 13, 2023 at 15:34 #212204
Anonymous
InactiveThank you Alan, much appreciated!
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November 13, 2023 at 17:49 #212233
Anonymous
InactiveHi! Is there a live FTMO Robot running in MyFxBook that we can check which are the top performing pairs in the current market condition?
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November 14, 2023 at 2:37 #212356
Anonymous
InactiveHi Eric,
Which version of the FTMO robots are you wanting to know which robots are top performing?
Alan,
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November 14, 2023 at 2:37 #212357
Anonymous
InactiveHi Eric,
Which version of the FTMO robots are you wanting to know which robots are top performing?
Alan,
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November 14, 2023 at 11:16 #212431
Anonymous
InactiveHi Alan,
I’m talking about the FTMO robot, the one that Petko used to pass the FTMO challenge.
Thanks,
Eric.
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November 14, 2023 at 12:56 #212453
Anonymous
Inactive -
November 14, 2023 at 14:30 #212476
Anonymous
InactiveHi Alan,
Thanks for sharing, how long do we need to try it on demo before using it on live/funded account? Also, my prop firm doesn’t have a demo acct, what can you suggest?
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November 14, 2023 at 15:21 #212486
Anonymous
InactiveHi Eric,
The charts I shared are the backtest over the last 6 months using FTMO historical data. I like to backtest for at least 1 month before moving to a live account. However, you can use the amount of backtesting time that works best for you. It is my opinion that the longer you backtest the more accurate the backtest but using too long a backtest period can cause the market conditions to change while you are backtesting. This is why I choose 1 month for my backtesting.
It is my opinion that the best way to backtest is to use the same prop firm as you are going to use in live trading so the historical data is the same. Using other brokers for backtesting will give different results because their spreads will be different and they may or may not charge commissions and the commissions could be different. So what I do is to use the lowest cost live prop firm account to do my demo testing and I use the smallest lot size for the robots (0.01 lots) I am testing so not to have much drawdown.
Alan,
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November 14, 2023 at 16:04 #212505
Anonymous
InactiveHi Alan,
Very nice idea, thanks for sharing!
Do you know how many acct I can use if I purchase the “FTMO ROBOT” ?
Eric
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November 14, 2023 at 16:13 #212510
Anonymous
InactiveHi Eric,
As many as you like :o)
Alan,
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November 14, 2023 at 17:01 #212518
Anonymous
InactiveHi Alan,
Thanks for the info. :)
Eric
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November 16, 2023 at 14:42 #213492
Anonymous
InactiveHi there,
Can I use an account with a 1:1000 leverage?
Thank you
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November 17, 2023 at 5:59 #213705
Anonymous
InactiveHi could admin please check if my settings where wrong or something. I’ve followed the PDF instructions saying turn on AutoTrading first then only apply the EAs. At first default settings are taking trades and after adding few pips to TP SL, MA & Deviation the bot stops taking trades for a week. there’s no trade.
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November 17, 2023 at 6:01 #213707
Anonymous
InactiveI don’t see anything wrong here. Maybe it comes from the broker? Who is it?
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November 17, 2023 at 6:05 #213708
Anonymous
InactiveNovaFunding
broker
ForeignExchangeClearingHouse-Live
previously with default settings bots was taking trades until I made these tweaks into it. Then it stops
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November 17, 2023 at 6:11 #213709
Anonymous
InactiveDo you have logs / errors in the info tab? Is trading allowed by the broker? (If you hover a pair in the market watch, you should see something like “trading: full”)
How is the spread? Compare that to your minimum spread setting.
Does the prop firm allow EAs?
just a few leads
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November 17, 2023 at 7:25 #213718
Anonymous
InactiveJournals section, all seems alright no error logs or anything weird.
the prop allows EA, previously with default settings it taking trades on the same account.
somehow once value added abit according to the pdf to make unique trades it didn’t take trades since then. -
November 17, 2023 at 7:27 #213720
Anonymous
InactiveThe journal logs all seems ok, no errors or loading failed indicated. The prop allows EA previously the bot was taking trades in default settings. Since changing to unique settings according to the pdf the bot stops trading for a week or so. Humm
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November 17, 2023 at 10:33 #213761
Anonymous
InactiveHi kcy001,
The setting in the image you show above are correct for an account of $50K or greater. I think I understand with these settings your account is able to take trades. However, once you change these default parameters your account stops trading. Can you show me a screenshot of the EA properties box after you change the default settings so I can see what you are doing? Also what is the size of your account in dollars? Also are you using the FTMO demo account?
Alan,
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December 14, 2023 at 11:11 #220690
Anonymous
InactiveHi,
I have bought the FTMO robot last week and I’m testing it on a demo account with the intend to put the top performer in a challenge. Reviewing the result of this week, I notice that the presets for XAU are set with a SL of 2000 and a TP of 8000. I’m quite surprise to see such a RR while all the others robots have a RR around 1:2. Any idea why the RR is so high for the gold?
For next week, I plan to reduce the TP to 4000.Best Regards,
Rudy-
January 2, 2024 at 21:11 #224132
Anonymous
InactiveHi did you reduce the TP? I agree the TP seems high, where taking smaller profit would be better as it adds to the balance whereas leaving it to run and it can turn against you into a loss.
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December 28, 2023 at 6:35 #223130
Anonymous
InactiveDoes anyone limit the number of open positions that open at one time?
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January 2, 2024 at 22:52 #224147
Anonymous
Inactive<span style=”vertical-align: inherit;”><span style=”vertical-align: inherit;”>مرحباً، </span></span>
<span style=”vertical-align: inherit;”><span style=”vertical-align: inherit;”>لم أتلق رابطاً لتحميل الإصدار الجديد من الروبوتات</span></span> -
January 31, 2024 at 15:25 #231034
Anonymous
Inactivehey i think there needs to be an added trailing stop loss or maybe even breakeven given to each robots these robots leave money on the table but then again results may come out different would love to see your view on this and if possible adding these features seeing the backtest results and also the forward test results (live market)
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January 31, 2024 at 17:50 #231080
Anonymous
InactiveHi Tanyeemgazi,
I covered this issue in a difference response. To read my response please click on the following link:
https://eatradingacademy.com/forums/topic/improvements-regarding-ftmo-robot-v6/#post-231042
Alan,
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February 2, 2024 at 22:41 #231746
Anonymous
InactiveHi, in the FTMO Robot Parameters
Should I adjust the ‘max spread’ parameter based on the currency pair (e.g., AUDCHF says spread of 9, and change the ‘max spread’ parameter to 9), or should I just leave it at 0 (zero), which is the default setting?
Thank you! 😊
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February 2, 2024 at 23:07 #231754
Anonymous
InactiveHi Felipe,
If the normal spread is 9 and you want to stop trading if the spread gets to wide you might want to set the max spread to 1.5 to 2 times the normal spread or 13 or 18. Its really your decision as to how wide you will let the spread get before you stop allowing the robot to place trades. The other option is to just leave it at 0 which will disable this function.
Alan,
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February 9, 2024 at 5:31 #233303
Anonymous
InactiveHi there,
I recently acquired the FTMO Robot selection tool, and after testing it out, I’ve noticed some robots performing well while others are not. I configured it with a $100,000 account balance and downloaded all available robots across various timeframes, testing them on a FTMO demo account. However, I haven’t observed any significant winners or losers so far.
I did read that someone said to test it for a month, but I thought this is why we buy it from this system since they are always being tested.
I’m considering whether running just one EA with a $100,000 balance would yield better results. Does anyone have recommendations for optimizing performance? I’m hesitant to commit to a real challenge until I can successfully pass the demo phase. Your insights would be greatly appreciated.
Thank you.
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February 9, 2024 at 13:02 #233371
Anonymous
InactiveHi Chris,
With the new FTMO app it is no longer necessary to test the Expert Advisors as the app does this for you.
I would suggest trying different strategies to see which one works for you. Sometimes Petko will use just one Expert Advisor to complete an FTMO Challenge and sometimes he will use three.
I would suggest using the Expert Advisors in a FREE FTMO demo account until you are comfortable with a successful strategy.
Alan,
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March 8, 2024 at 14:02 #240396
Anonymous
InactiveHi how can i chane unique numbers on ftmo challenge on mt5
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March 8, 2024 at 15:00 #240410
Anonymous
InactiveHi Sheldon,
Right click on the blue hat in the upper right corner of the trading chart and click on Properties. From there you can change the magic number.
Alan,
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March 28, 2024 at 13:11 #244918
Anonymous
InactiveHi,
How can the robot have in m15 and m30 tp and sl of 60 and 50 pips in the pair audchf and its the same in the othwr pairs!
They are huge for that time frame
<p style=”text-align: center;”>Can you explain how its programmed?</p>
And can i change the tp and sl?Thank you,
Konstantinos iliadis
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March 29, 2024 at 11:40 #245135
Anonymous
InactiveHi Konstantino,
All the Prop Firm robots have been tested over the last five years and found to be profitable with the current settings. However, the trader is always able to change the settings at their own discretion.
Alan,
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April 3, 2024 at 13:39 #246243
Anonymous
InactiveHello,
I have recently installed the 6.0 & 6.1 expert advisers onto my MT5 panel (which is currently running an FTMO trial) and I wanted to double check I had the correct settings. I also wanted to double check the notifications I’m getting in my journal are ok?
I did send an email to the support address but never got a response hence my post on the forum.
I understand the EA’s can take some time before they place a trade so this post isn’t a complaint but more a request for some guidance :-)
Ive attached some screenshots but let me know if you need any more info.
Thanks in advance
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April 3, 2024 at 13:40 #246265
Anonymous
InactiveHi Ross,
There are no error in the Journal and I have looked at all your images. The robots are set up correctly.
Alan,
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April 3, 2024 at 16:51 #246305
Anonymous
InactiveHi Alan,
Thanks for your quick response & for reviewing my setup. I will leave as is and monitor accordingly.
With regards to monitoring the EA’s, do you recommend reviewing the weekly charts on Robot App and using this information to pick my active EA’s? Or is weekly too short and a monthly review is better?
Also, when downloading the EA’s, will the Robot App automatically select my lot size depending on how many EA’s I have downloaded? For example if I select top 5 EA’s, will my lot’s be sized accordingly for 5 EA’s being used simultaneously?
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April 3, 2024 at 17:21 #246318
Anonymous
InactiveHi Ross,
Nikos, one of the eatradingacademy traders just passed a 100K Challenge using the prop firm robots. The following link will show you how he did it>
Also, the EAs are independent from each other. So if you select the medium risk (1% account risk) and you choose to trade 5 robots that will mean you will have an account risk of 5%.
Alan,
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April 13, 2024 at 12:16 #248394
Anonymous
InactiveHey Guys,
I’m about to start a prop firm challenge and wanted to know if the prop firm eas will still be ok on a 3k account with the correct lot size. The firm i’m going with has different scaling plans than traditional prop firms. Always max draw down 5% & 7% targets to scale up. I can start with 5k but i prefer the lower 3k as its a bit cheaper to purchase from the start. Let me know your thoughts
Thanks Stephen
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April 13, 2024 at 12:27 #248397
Anonymous
InactiveHi Thommon38,
You will need to adjust certain EA parameters for a 3K account so it will work. The following link is an example on how to do it. If you need further help please let us know.
https://eatradingacademy.com/forums/topic/ftmo-robot-app-v6-0-new-features-released/#post-225623
Alan,
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April 18, 2024 at 11:08 #249627
Anonymous
InactiveHello everyone, I would greatly appreciate your help and collaboration.
I want an EA to protect the account, I’m trying to create with FS Builder Pro and I don’t know how to do it.BOT Features:
– Real balance of the account.
– Maximum Daily Loss %: (When the balance reaches maximum loss, the BOT closes all open operations in the account and no EA in the account can open positions until the next day)
– Maximum drowdon of the account %
– Frofit Daily Limit %: (When the account reaches the desired objective, all open positions in the account will be closed and it will not operate until the next day)Does anyone have this BOT or know how to do it?
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April 18, 2024 at 13:24 #249665
Anonymous
InactiveHello Elia,
The FSB Pro robots provide only a “Stop trading at min account” protection.
For more protections, please use EA Studio robots (or the newly released Top-10 Robts Application).
These robots comes witch numerous protections:
- Max spread (points)
- Max open positions
- Max open lots
- Maximum daily loss (currency)
- Minimum equity (currency)
- Maximum equity (currency)
- News Filter
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April 25, 2024 at 14:31 #251481
Anonymous
InactiveMuchas gracias… Encontré estos parámetros.
<span style=””>Las “protecciones de entrada” evitan una nueva entrada si se activa una protección</span>
<span style=””>cadena de entrada estática Entry_prot__ = “——“; — Protecciones de entrada —</span>
<span style=””>entrada estática int Max_Spread = 0; Margen máximo (puntos)</span>
<span style=””>entrada estática int Max_OpenPos = 0; Máximo de posiciones abiertas</span>
<span style=””>entrada estática doble Max_OpenLots = 0; Máximo de lotes abiertos</span><span style=””>”Protecciones de la cuenta” detiene al experto si se activa una protección</span>
<span style=””>cadena de entrada estática Account_prot = “——“; — Protecciones de cuenta —</span>
<span style=””>entrada estática int MaxDailyLoss = 0; Pérdida diaria máxima (moneda)</span>
<span style=””>entrada estática int Min_Equity = 0; Patrimonio mínimo (moneda)</span>
<span style=””>entrada estática int Max_Equity = 0; Equidad máxima (divisa)</span> -
May 1, 2024 at 22:37 #252728
Anonymous
InactiveI’m testing the Prop firm bot, but I just notice the take profit and stoploss targets are sky high, it opens trades but not closing them on the target 7000 pips.
When I hover over the gold price: Xau/usd: it says: 1 Lot= 100 oz ($10.00 pp) , Eightcap.
What should I enter for the default settings ? : 700 pips ? it’s a bit confusing.
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May 2, 2024 at 11:44 #252807
Anonymous
InactiveHi VapoChill,
These are the correct amounts for Stop Loss and Take Profit as each pip is worth $0.9 dollars. Keep in mind these EAs have indicators build into them that tells them when to take trades and when to take profits and when to cut losses. These indicators will normally trigger when to open and close trades before the market reaches the Stop Loss and Take Profit hard limits.
Alan,
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May 11, 2024 at 22:36 #254572
Anonymous
InactiveHello everyone. As the new trading week is approaching, ayone has any ideas suggestions for settings on XAU M15, EU M30, EA M30 and UCHF M15? Thanx in advance.
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May 16, 2024 at 9:47 #255275
Anonymous
InactiveHey Konstantinos,
I believe you can try trading low risk settings in all of the pairs and see how that will go!
Kind Regards,
Nikos
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May 30, 2024 at 18:08 #258506
Anonymous
InactiveHas anyone had TP hit on any pair EA of the Prop Firm Robots in the past 14 days at all? If so can you please share result and/or settings and which pair and TF you used?
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June 1, 2024 at 0:46 #258848
Anonymous
InactiveThe new downloaded FTMO robots now doesn’t have the option to adjust Envelopes to make entries unique ?
Others value like TP, SL, LOT SIZE can be adjusted but the entries if everyone uses these same indication for entries will makes it very suspecious to possibly flag as copy trading?
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June 3, 2024 at 12:02 #259287
Anonymous
InactiveHey kcy001,
About the Envelopes, please know that each strategy is different and might not include Envelopes.
About the entries, it is not exactly like that. The way it can be mostly suspicious in prop firms and looks like copy trading, it’s if you are using the same robot in many accounts of yours.
Hope this helps!
Kind Regards,
Nikos -
June 4, 2024 at 1:55 #259423
Anonymous
InactiveDo you mean using the same robot if you have multiple accounts with the same Prop Firm? I wouldnt think they will see if you have say 1 account but 4 different prop firms and using the same bot as each prop firm is not communicating with each other?
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June 5, 2024 at 23:16 #259809
Anonymous
InactiveIs it better to use 1 Prop App EA per challenge or to use multiple of them at once?
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June 6, 2024 at 9:44 #259888
Nikos
ModeratorHey there,
That depends on your trading style. You can try with one or you can try a combination of for example top 3, top 5 or something like that.
Hope this helps!
Kind Regards,
Nikos -
June 6, 2024 at 10:09 #259897
Nikos
ModeratorHey Derek,
Yes, I meant with the same prop firm.
From what I know, indeed, the prop firms are not communicating with each other because there is competition and I do not think they want to cooperate with each other.
Kind Regards,
Nikos -
June 6, 2024 at 11:12 #259918
Anonymous
InactiveGood day EA Trading academy team
Could you please explain R squared?
What are we looking for when it comes to this number?Thank you
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June 6, 2024 at 13:15 #259952
Marin Stoyanov
KeymasterHello Richard, please check this post about R–Squared where Petko covers the topic in detail. There you can find a video explanation as well.
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June 21, 2024 at 22:09 #262369
Anonymous
InactiveWhat is the right Pips value for XAUUSD ?
Default setting don’t work on Eightcap.
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June 22, 2024 at 18:11 #262499
Anonymous
InactiveSorry, it’s on FTMO mt5.
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June 24, 2024 at 12:04 #262782
Anonymous
InactiveHey VapoChill,
The pip size depends on the risk that you want to trade with. Also, to find the inputs of the EA, you just right click on the chart after you have placed the EA and then you just click on Expert List and Properties. From there you can change any settings you want for the EA.
Kind Regards,
Nikos -
June 26, 2024 at 18:43 #263298
Anonymous
InactiveThe values are very close to the T/P and S/L.
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June 27, 2024 at 11:00 #263403
Anonymous
InactiveHey VapoChill,
I see what you mean. So, to calculate the pips, you need to know what percentage you want to risk per trade to actually set the correct pip value for T/P and S/L.
Kind Regards,
Nikos
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June 27, 2024 at 13:12 #263419
Anonymous
InactiveAdded two zero’s after the pip values seems about right.
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July 1, 2024 at 20:21 #266011
Anonymous
InactiveFound the problem, XAG is silver, lol.
Don’t put it on a XAU/USD Gold chart.
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July 4, 2024 at 22:32 #267893
Anonymous
InactiveThe instruction video shows i should able to set my trading day start and end times, but i don’t have any in my prop app download files once loaded on mt5…shows no setting for this.
suggestions or direction please. I am only interested to Trade New York open hours.
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July 12, 2024 at 14:26 #269849
Anonymous
InactiveHi, there isn’t such property in the EAs. Can you share a link to the video where you saw this and tell at which minute you saw this so I can better understand what you are looking at?
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July 15, 2024 at 21:21 #270444
Anonymous
Inactive<p style=”text-align: left;”>Hi, the EAs only work with FTMO accounts?</p>
<p style=”text-align: left;”>I tried installing them on another broker, following the instructions in the YouTube video linked during checkout, but I still don’t see them in the list of EAs, and additionally, every chart shows a message that it’s turned off.</p>
<p style=”text-align: left;”>How can I fix this?</p>
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July 31, 2024 at 4:32 #273111
Y X
ParticipantHey there,
I have a question about the inputs in the Prop Firm Robot. I think the [Entry lots] will be set automatically by Prop Firm Robot App, However, the account size I want to challenge is not included in the options, so I would like to know how the lot size is calculated.-
July 31, 2024 at 12:01 #273168
Anonymous
InactiveHey Y X,
If the amount that you have for your account is not included in the app, you can calculate the lot size manually by using this website:
https://www.myfxbook.com/forex-calculators/position-size
Hope this helps!
Kind Regards,
Nikos
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August 14, 2024 at 2:11 #278869
Kevin5716
ParticipantIn your video in reference to setting up EA’s it shows a property for the time in which the EA will run, but I do not see that on mine?
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August 14, 2024 at 17:12 #279623
Marin Stoyanov
KeymasterHello, what was the name of this property from the video?
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