- This topic has 2 replies, 2 voices, and was last updated 21 hours, 5 minutes ago by
.
-
Posts
-
-
Hey All,
So this is my first week of trading with these Prop Bots. I am using the MT5 versions on a $10k FTMO Demo. So far this week the bots are down nearly $450 whilst:
- EURJPY (1238246918) is down $500.
- EURGBP (1582513645) is up $50
- XAUUSD (1611800265) is up $36
- USDJPY (1635766325) is down $200
- BTCUSD (1838199896) is even
- GBPUSD (255882763) is up $58
My question is, is it normal for these bots to have days in which they consistently lose money? Is there anything else which I can do to mitegate the losses? Or am I the only one which has had a poor week this week?
I understand I need to be patient with the bots however through this first week, the performance hasn’t lived up to the expectation: that these bots either cover the loses of each other or make money as is shown in the App.
For clarification all currency bots are running at 1% risk whilst XAU & BTC are running at 0.5% risk due to ensure enough margin is available to trade.
-
-
Hello, combining such diverse assets like crypto, forex, gold, or silver presents several unique challenges due to their differences in market behavior, risk dynamics, and operational requirements. Assets like crypto (e.g., BTCUSD) are highly volatile, with frequent large price swings, while forex pairs (e.g., USDJPY) are typically more stable. Gold and silver have their own volatility patterns, often responding to economic events like interest rate announcements. This variability in volatility can cause uneven performance across the portfolio, making risk management more complex. High volatility assets can skew results, potentially leading to increased drawdowns or unexpected losses. Another issue is that Forex operates within established market hours, and commodities like gold and silver have their most active periods during the London and New York sessions. In contrast, crypto trades 24/7, including weekends, with distinct liquidity patterns. These differences in trading hours can affect execution quality and cause unexpected volatility, especially when moving between market close and open periods.
From our experience with all the challenges where we participated, we never used such a diverse asset selection. We either stick to the forex pairs, or if we trade other assets as well we pick no more than 3 and use the same risk for each so we can identify which assets and EAs are performing well and which not.
That being said, when market is in downtrend, there is not much you can do but wait for a better time.
Hope this helps to evaluate the robots and your setup better.
-
- You must be logged in to reply to this topic.