The FTMO Robot has passed another challenge! This time it was the Infinity Forex Funds 50k account.
I used all the robots trading simultaneously with 1% (normal) risk per trade. Once the account reached 5% profit, I doubled the entry lot (keeping it at 5% max Daily Loss). This is a variation of the scaling-up system I teach in the FTMO Course.
Once the equity reached $55,050, the trades were closed automatically using the integrated target protection settings in V5.1.
It took about 30 days for the FTMO Robots to pass the challenge. EURAUD and GOLD were the most profitable pairs. You can have a look at all of the stats here.
At the beginning of the challenge, I had the FTMO Robots V5.0, and then I replaced them with the Robots from V5.1 (that is why there are double magic numbers). I also doubled the lots according to the V5.1 values.
Scaling up works great for me! And I don’t find it as risky as the Martingale approach because we reinvest the profits in the account.
We plan to integrate the scaling-up method in the inputs of the EAs so that when one wants to double (any multiplier), the lots can do that automatically at a certain point.
In this example, it was just one one-time manual intervention but it would have been great to set this from the beginning:
– increase 2 x lots once the account reaches $52500 (5%).
We will work on that, and as soon as we develop it, we will add it as an option in the EAs.
