Hello Oliver,
Allow Algo Trading: This setting enables or disables the ability of the Expert Advisor to trade automatically. When you check this option, you’re allowing the EA to execute trades on its behalf according to its programmed strategy. It’s essential for the EA to function as intended.
Allow Modification of Signal Settings: This option is a bit more nuanced. It allows the EA to modify the trade levels (entry, stop loss, and take profit levels) of orders it sends based on signals it generates or receives. This capability can be crucial for strategies that adjust trade parameters in response to changing market conditions. Enabling “Allow Modification of Signal Settings” means you’re giving the EA flexibility to adjust its trading signals based on its algorithm’s interpretation of the market. This can include adjusting stop loss or take profit levels after the trade is placed or modifying the entry point of a trade before it’s executed, depending on the EA’s design and strategy.
Please watch the FTMO Robot App guide where the settings you need to enable when placing the EAs are explained.
Kind regards,
Marin @ Customer Support