UPDATE ON MY FTMO STRATEGY V5.0
On October 30th I started a new 10K FTMO Challenge using Petko’s FTMO V5.0 robots. From November 1st until December 6th the account drew down approximately 3%. Since that time the FTMO robots reversed course and started moving upward and is now just slightly about 10K by $32USD. Basically what I have been doing over this one month period I have been testing these robots. Now that the account is starting to trend upwards, I will create an FXblue account so I can easily determine the top performing robots. So here is what I have decided to do. I will now reduce the lot size of all the V5.0 robots to 0.01. I will then create a new MT4 chart. I will install the top performer robot on the new chart, set lot size to 1% risk, and I will create a unique magic number. By doing this I will be able to filter out all the robots to monitor top performers each week, and I will be able to separately filter out the current top performers to see how it is currently performing. I know this may be a little complicated but it allows me to use the same Challenge to do two different things, to continue monitoring the top performers each week and to continue to monitor the current top performer. Hope this makes sense!
The following is an FXblue table showing the performance over the last month. As can be seen XAUUSD and EURAUD have been the top performers. I have doubled the lot size of these two robots and I have reduced all other robots to a lot size of 0.01. This will allow the top two robots to dominate the trading of this FTMO Challenge while allowing me to continue to track the performance of all robots to determine if any of the other robots move into the top performance slots in the weeks to come.
Alan,