UPDATE ON MY FTMO STRATEGY V4.3
The chart below shows the FTMO 10K Challenge balance line of FTMO V4.3 robots from mid December to the end of December 2023. The chart shows a loss of 0.33% over this period. The top performer remains EURUSD. One week ago I increased the lot size from 0.1 to 0.33 lots to represent an account risk of 1%. I really didn’t expect much progress to be made over this two week Christmas holiday period. Further, there may not be much progress made over the next week which represents the New Years holiday period. Hopefully I will see some positive progress made in this Challenge during the last half of January 2024.
The question may be asked as to why am I still using FTMO V4.3 in an FTMO Challenge. What I am showing is two fold: 1. That the FTMO Challenge can be held over a long term without failing the challenge using proper risk management, 2. That the FTMO robots can be used over the long term and still be profitable.
Alan,