“Is the FTMO trading bot subject to continuous updates, and do users need to replace it on a monthly basis?”
To determine if the FTMO Robot needs to be replaced I backtest it with EA Studio and look at its monthly profit. As long as the Robot continues to show good profit on a monthly basis there is no need to replace it. Lacking access to EA Studio you can also backtest the Robot using MT4 or MT5 Strategy Tester. The following is the results of my monthly backtesting using MT4 Strategy Tester:
11/01/2022 – 12/01/2022 769.50
12/01/2022 – 01/01/2023 -157.80
01/01/2023 – 02/01/2023 214.50
02/01/2023 – 03/01/2023 214.50
03/01/2023 – 04/01/2023 914.10
04/01/2023 – 05/01/2023 593.70