Hey traders,
Thanks to your precious feedback, I succeeded in improving the FTMO Robot.
As you already know, the strategy behind the FTMO Robot uses the Envelopes, which is why it works best when the price is in a range. That is why I added an interesting indicator called the Chande Momentum Oscillator. It will allow the EA to buy only when the Chande falls.
In other words, it would ignore the buys when there is a strong bearish momentum.
Also, I added the Account Percent Stop again, which allows you to limit the risk to a percentage of the account. And that is important for all Prop Firms, I agree!
The result is that I got much smoother backtests. Check the difference with the GBPAUD FTMO Robot:
Moreover, I removed the EURUSD Robot from the pack and added the NZDJPY Robot, which showed much better results in the long term.
Please feel free to ask me any questions.
Kind regards,
PS. Those who already have the FTMO Robot will receive an e-mail with the new link and password.