After the FTMO challenge… Prop firm bot?

[Flyhigh430]

Hi all, I am super new to this, but a simple question; after a possible success of winning an FTMO challenge, can I then keep using the same bot on the funded account? The Prop firm bot as I understand will close all trades as it reaches a set target. That is perhaps not what you want once your in the funded account. Could I either take away that target or just restart it? Or is there a better way? Also can I already purchase this Prop firm bot and use it on a live account even though that account is not a 100k account?

Sorry a lot of questions but I am just starting on this wild and exciting ride!! :)

[Ilan Vardy]

Hi there,

 

You can continue using the EAs on a funded account, and simply adjust the settings. In the Properties of the EA (inputs) find the line “Maximum Equity (Currency)” and set the value to 0, so the EA doesn’t stop trading when the profit is hit. Or adjust it to an amount you want.

Keep in mind that the Prop Firm Robots are designed for challenges and the risk and protection settings are selected before downloading the EA, so you’ll have to adjust them to suit your goals.

Cheers,

Ilan

[Flyhigh430]

Than you so much,

Just a quick follow up;

Does this mean that I could purchase the Prop firm bots and actually use them on my live accounts with other brokers and equity as well? I guess the difference would be that the Prop firm bots use FTMO data right?

Best regards,

E

[Sand0r]

Yes, you can do so!

[Ilan Vardy]

Hey Flyhigh430,

 

Correct. The prop firm robots are actually created using Blackbull data, and then cross-validated against several other data sources, including FTMO.

As always, start with a demo account and check the results before placing them onto a live account.

 

Thanks,

Ilan

[Flyhigh430]

Hello Ilan, I have purchased your service with prop firm robots. Unfortunately I am not getting them to work properly. Is there a checklist on how to get them started correctly on MT4 and MT5? Best regards Eric

[Marin Stoyanov]

Hi @Flyhigh430, there are video guides that you can access on the order confirmation page and from the order confirmation email. Also on the top right section of the app (where’s the YouTube icon), you can follow the link to watch the video guides as well. You can read this article which covers the process as well.

Let us know if there is something unclear so me or Ilan can elaborate on this.

[Flyhigh430]

Thank you Marin for quick and precise feedback. Still one question; in the graphics displayed on the chart; the bot presents number of open trades and closed trades etc. It also shows This Weeks Trades and This Month Trades. Only on BTCUSD-bot this gives information on the time (weeks months) prior to my usage. Should the other bots also present this? The other bots are not presenting information from how the bot performed prior to my usage, does it mean the bot is not fully implemented/functioning?

Eric

 

[Marin Stoyanov]

The graphics show the backtest of each strategy for the selected period – 1 Day, 1 Week, 1 Month, 1 Year or 5 Year. This works the same way as the backtest in MetaTrader and updates every 30 minutes. If you’re looking at a shorter period, e.g. 1 Day, it’s very likely that there are not trades from some strategies.

[Flyhigh430]

Ok thank you. Still some problems with the bots. On MT5 all bots are loaded the same way but for half of them I get continuous “Error with OrderCheck: Trade disabled”. What can this be about? The other half to the bots are working properly. So it’s the same MT5 and same account etc. Very strange.

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