Hi Richard, Hi Alan,
thanks a lot for sharing your thoughts and strategies!
I have been using the Prop Firm Robots App for 3 months now. For the first 2 months I saw steady wins (of course with some losses in between) with around 3-5% of gain per month on medium risk. I used the top 3-5 weekly or monthly performers and switched them once a week.
I then switched my strategy, using the top 3-5 performers per week and changed them on a daily basis and that gave me a huge boots and I passed FTMO and 5%ers first phases in 2 weeks.
Unfortunately since 2-3 weeks nothing goes right. I almost lost my accounts and just saw losses with my strategy. I also created a couple of posts here, complaining about the overall performance – and so did others.
I am very aware about the fact that we are using bots based on historical data and that some strategies work better in some market phases and some work worse. Nevertheless I have the feeling that in the current market phases nothing worked for me.
Also one of the Admins (@marinski) posted a FX Blue link, showing the top 3 FX performers on a monthly basis and the resulsts were absolutly NOT convincing: https://www.fxblue.com/users/top3fxpairson1m
I am currently putting the risk down to 0.25% – 0.5% and trying to survive this phase, hoping for the bots to perform better in the future. Actually I am quiet coninced that the ideas in general work..
Best,
Sandor