Prop Firm Robots: Suggestions and Ideas

[Petko Aleksandrov]

Hey traders,

Many of you have been trading the FTMO robot since I created the very first version. Based on your feedback, emails, replaies in the Forum I greatly improved it! Thank you for that!

So in this Forum Topic, I would be happy to hear more suggestions and ideas.

So far, what I have collected from e-mails and replies in the Forum is as follows:

• Take Profit for the Account (close all trades and stop trading if the challenge target is reached)
• Use on different currency pairs
• Set files for the lot size of the different accounts

Looking forward to your ideas!

[Brian Watson]

is there a way add automatic    Trailing Stop to each trade after the trade is in profit

[Nicholas Grobler]

+1 On this, I wanted to ask for this exactly. Some of the trades in V5 was nicely in profit, I was using AUDUSD, they did not hit TP and reversed to close in negative. So a trailing stop would be awesome.

[Petko Aleksandrov]

That is a good idea! I will check the possibilities and if that will bring better or worse results.

[Anonymous]

Hi Petko,

I have an idea, instead of using lot sizes, would it be possible to change it so you have the following options:
— Risk Mode: Percent or Lot Size

Percent: Based on the account size, automatically calculate the position so it will use X% of the account’s equity (This would allow compounding)
Lot Size: The setting we have now to manually set the specific lot size.

Kind regards

[Alan Northam]

EAs usually work best when they are updated once every month or two.    It is easy to adjust the lot size at these times.

[Petko Aleksandrov]

Also, if you use % and not lots, it’s hard to compare a few EAs in the account. And this is what we do – we trade many EAs and we trade them with the same lot so we can see which ones are the top performers.

[0xBitpool]

Once we get funded with FTMO, we’re not allowed to keep the trades opened overnight.

I imagine this is the reason why we have the “Entry time” settings in the EA

I have 2 questions:

1) Should we change these settings based on FTMO timezone? (in case they use different timezones depending on your region for example)

2) I’m not sure I understand correctly “keep the trades overnight”. I understand we have to close them before the night. Are these settings covering this case? Or is it just for the entry time but not the exit?

[0xBitpool]

Here is the link to FTMO FAQ for this: https://ftmo.com/en/faq/do-i-have-to-close-my-positions-overnight/

[aaronpriest]

This would only apply to weekends for Forex pairs because overnight rollover is minutes and not 2hrs, however for indices it might be nightly, I’m not sure. I use the swing account with FTMO for just this reason so I don’t have to worry about closing for news or weekends.

[0xBitpool]

Yes I was thinking of trying the challenge for a swing account for the extra safety. I must admit not looking for the news is a big plus.

A 1:30 leverage should be fine but if the robot is able to address the overnight / weekend stuff, I’d be happy to keep an eye on the important news to get access to a 1:100 leverage

 

This raises another question: does the calculation of the min position changes if the leverage is 1:30? As it’s less risky, one would maybe be tempted to multiply the lot size by 3 😏

[Dygon Linux]

Please help me to have the best setup for the 80000€ challenge and the 10000€. I want to have all Ea that works in the challenges.Thank you very much!!

[Alan Northam]

Hi Dygon,

For the 80000 euro challenge set the EA properties as follows. This will limit risk to 1%.

Amount for a new lot = 2.4
Maximum position amount = 2.4
Amount to add on addition = 0.0
Amount to close on reduction = 0.0

For the 10000 euro challenge set the EA properties as follows. This will limit risk to 1%.

Amount for a new lot = 0.3
Maximum position amount = 0.3
Amount to add on addition = 0.0
Amount to close on reduction = 0.0

To determine which EAs are working the best in the current trading environment add all EAs to a demo account and watch them for one to two weeks. Then pick the EAs performing the best and add to your FTMO challenge.

[dusktrader]

Hello, just a wishlist item… in a future update to this bot, can you offer an option to base the risk on % of equity? That way over time it will take advantage of compounding in the account.

So, for example, I’d like to be able to enter 1% as the equity risk, and the bot would calculate this dynamic for each trade.

Thank you for considering!

[dusktrader]

Hello, can you please give your thoughts on trading through holidays and/or month of December?  I noticed one of Petko’s videos was demonstrating a bot in Dec 2022 I think.

Have you by chance been able to backtest this through holiday/December months?

I’ve been advised that manual trading is a bad idea in December, but I’m curious your thoughts. Also, maybe this doesn’t apply to bots in general.

Thanks

[dusktrader]

Ahh! I see Petko already answered this question. Just watched this video: https://www.youtube.com/watch?v=QCNWanYW9Do

Spoiler: he doesn’t risk real money during December for manual or bot trading (at least per this video)

[Alan Northam]

Petko was testing a new EA and it happened to be December when the new EA was created so he tested it during December.  All newly created EAs should always be tested using a demo account.  This is why he used a demo account during December.  It was not about not risking real money during December it was about testing a new EA using a demo account before deciding to move the EA to a live account.

Alan,

[dusktrader]

Thanks Alan. Are you saying that it is “okay” to pursue bot trading in December as well?

[Arik Shahar]

Hi,
I’m about to start a 100K challenge now
My question is can I use multiple profitable FTMO robots in the same account. I had 3 forex pairs with nice profits and I’m considering whether to trade with the three robots or with one of them each time.

Thanks.

Eric

[Ilan Vardy]

Hey Eric,

 

Yes, you can. You can use as many as you’re comfortable using, based on the criteria who select (profitable trades, profit factor, etc.). Just make sure you adjust the entry lots and risk settings to match the account size and number of EAs, so you don’t risk too much.

Cheers,

Ilan

[Brian Pelton]

I haven’t purchased the FTMO Bot yet but how about this approach?

Start off with all 8. Lower the lots accordingly. Divide 1% by 8.

Then monitor the performance. After you have a pair that has losses after 5 trades remove it.

Now let’s say you remove 2. Now adjust your lots to accommodate those removals.

 

This will let you stay low risk but instead of just using the top performers you slowly remove the losers just like what

is taught in the courses but on a smaller scale instead. Thoughts? Has anyone tried this?

[Alan Northam]

Hi Brian,

Good to see you are thinging about risk management. This is a good low risk approach. Good idea!  Keep thinking about ways to manage your account.  Good to see you are thinking individually instead of just following others advise.  This is the way to learn and to become a successful trader.

Alan,

[Luce]

I have an Deposit of 10k on an demo account and the balance is currently at 10.148,13

That should be a gain of 1,48%. But MyFxBook shows a gain of 0,41%:

does somebody now why?

[Alan Northam]

Go to Metatrader Account History below the chart and make sure you are showing all history.

Alan,

[Luce]

Its already set to show all history,

But even if it would not be like that, in MyFXBook it should still diplay everything.

[Carlos Benavides]

I suggest that you keep the 8 bots running inhouse and share the details for my fxbook with us so we can check for the top 3 profitable for the last 5 days I got a VPS for 15usd per month and the resources are already full with just running the test bot on 8 charts I don’t think it can handle another mt5 account to trade the top 3…. This will really help us a lot to cut costs on a VPS. Ram is already at 90% and CPU usage at 60% to 80%

[Petko Aleksandrov]

With the new Version 5 we have included set files that risk exactly 1% from the Account size.

However, I guess you request is to use % instead of Lots, which is something we have been considering.

We will also leave that topic so nay other ideas how to improve the FTMO Robot will be taken into consideration!

[Carlos Benavides]

I would like to request to add 3 or more pairs so we always have something to choose from specially on slow months like this.

[Tanyeem gazi]

hey petko can you put an entry delay feature for more easy uniqueness of the robot

[Sammy Trader]

First you buy a $25 per month VPS to test EAs on a Demo account. After a month, whatever is the 1st Top EA performed, stick to it while testing others on a demo account as things will change again after Holidays when market gets more volatile.

[Hiu Kin Yeung]

My account is down 7% on a 100K challenge, I got $93700

Now I’m planning to switch to using the FTMO bot, want to have it run on low risk ,let it grind back to $97500 , then i wanna scale it up

Is there any setting I can twerk ?

Would the bot counter any problem while i start it off with just $93700 ?

[Alan Northam]

This is exactly why demo testing is important. You can follow the guidelines for demo testing from the following link:

How To Trade the FTMO V5.1 Robots

The link shows how to trade the FTMO 5.1 robots but it applies to all FTMO robots as well.

To change the account risk from 1% to 0.5% (low risk) all you need to do is to cut the lot size in half.

Alan,

[Abhishek Chib]

Why asking for new feature. Live example : USDCAD was in profit and small New reverse the market. If we have Tailing SL or Slab wise TP then we will in profit. See screen shot.

[Robert Forbes]

Would it be possible to expand the range of trading accounts, or to allow us to put in a custom amount that automatically works out the setting?
For example, FXIFY is offering substantial discounts for challenges, and they have a $15000 account, and up to $400000. Also, Surgetrader has a $250000 account. It would be great to get settings for these account sizes.

Thanks!

 

[Alan Northam]

Hi Robert,

This is a feature request.  Please contact support@eatradingacademy.com

Alan,

 

[heroking82]

hello.

i would like to turn off a FTMO robot instead of removing it from charts…

is it possible to do the slash (//) technique with FTMO robots?

if so which line. cheers

[Alan Northam]

Hi heroking82,

Go to the Expert Advisor properties box and uncheck the following:

 

Alan,

[heroking82]

legend. cheers

[Robby Mesenberg]

Hey there!

as we got the backtest Feature, is it clever to Trade them on funded Accounts?

Does anyone have experience on that?

[Alan Northam]

Hi Robby,

The FTMO app does the backtest so traders do not have to spend time backtesting the Expert Advisors. I take the top 1 to top 3 Expert Advisors from the FTMO app and apply them to an FTMO Challenge.

Alan,

[Robby Mesenberg]

Thanks for your answer alan. I meant trading them on funded. Not Challenge. Do you have experience with that?

[Alan Northam]

Hi Robby,

Yes you can use the FTMO robots from the FTMO app on a funded account.  The only difference is that the robot will automatically close the robot when the account reaches 10% profit.  To keep this from happening you can turn this feature off in the robots properties dialog box.  The other thing is you don’t want the robot to drawdown very much so you really need to protect the account from hitting the max daily loss limit and the max account loss limit.  So I would suggest tightening these up as well.  I would also suggest not risking more than 0.5% of account balance until after you have made 1 or 2% profit.  Again this is to protect the account from drawing down.  All these changes can be made in the robots properties dialog box.  Since you have gone through the process of passing the challenge and the verification stages you do not want to loss your account once it is funded.  So slow and easy to start until you get some profit, then you can increase the risk.

Alan,

[Gilles Ruelens]

Alan

 

The top 1 -> top 3 is it from the weekly, daily, monthly?

 

thx in advance

[Alan Northam]

Hi Gilles,

I use the weekly time period to select the top 3.  I did this at the beginning of the week.  Right now my account is up about 1.6%.

Alan,

[Trader 27]

Here’s a feedback and improvement suggestion after running ftmo robot on live funded account. During New York Close, brokers tends to widen the spread, yes entry protection is in place for the EA, however, an opened trade that’s still running will be stopped out prematurely by the broker. Hence is there a way to improve the robot to prevent such losses.

Thanks in advance.

[MUSTAFA SAMEH]

Hello
I have a suggestion regarding the filter for the previous period, whether a day, a week, or a month
Is it possible to add a date from to to so that we can, for example, know the profits and losses for two weeks, not just one week?

[MUSTAFA SAMEH]

Hello
I have a suggestion regarding the filter for the previous period, whether a day, a week, or a month
Is it possible to add a date from to to so that we can, for example, know the profits and losses for two weeks, not just one week?

[vinnysvinyl]

Yes! I second this. A month is a little too long, a week a bit too short. Being able to manually select a range would allow us to hone in on the Goldilocks zone ; )

[Patrick Verlee]

Hi There,

Starting out here. I was wondering if you also have setfiles for EURO SWING accounts. That would be great for us, European traders unless there’s a reason for only using USD accounts.

Let me know. Thanks

Patrick

[Alan Northam]

Hi Patrick,

The same setfiles will work for both USD and the EURO. However, with the new FTMO app you do not get a setfile as the downloaded robots will have the correct settings.

Alan,

[Konstantinos Borsis]

Do we need to allow for the indicators to show on screen for the EA to take trades or this is not affecting trading?

I have added 3 top performers from the app for the last 2 days have not opened any trades yet. Please advise.

[Konstantinos Borsis]

Hello everyone. 2 questions :

1. do we “mess” at all with the entry protections or leave them all to zero?

2. Could we add a trailing (indicator calculated or fixed points) for longer trades to have the EA monitor any significant profits rally so it can protect some profits in case things start to go the other way?

Cheers 🙂

[Alan Northam]

Hi Konstantino,

Answer 1:  If you are using the Expert Advisor to trade with a Prop Firm then I would highly recommend setting up protections to keep from the possibility of losing your account.  However, if you are using the Expert Advisors with a demo or live account with your forex broker then the decision of using protection is up to you.

Answer 2:  After years of creating Expert Advisors Petko has learned there is no advantage of using trailing stops, in fact, it can actually cause the trader to lose more trades.  Here is the reason:  In the majority of trades the market will draw down by a percent or two before trading in the positive direction.  With trailing stops this could cause your trade to stop out with a loss instead of going on and becoming profitable.

Alan,

[Konstantinos Borsis]

Hey Alan, quick one if you know: is the entry time schedule and the zero entry protections part of the optimisation as well? So we could either adjust only lot size and maybe spread max or we can leave it as is since it has been optimised in the Robot app?

[Konstantinos Borsis]

Thank you Alan. Regarding entry settings, I was wondering why by default these are all zero although if you set them up you would get safer trades but also much less activity. The bot is set not own many trades at the same time anyway, and the schedule and news and equity protection filters that are on by default can offer significant protection I believe. This is why max spread, max open positions and max lot can be both good and bad. Also, I usually cut the lot size suggested by 40-50% to make things even safer. So was wondering maybe the entry protection is a bit overkill if the activity of the bot would be further restricted as from monthly to daily sets the amount of trades fall to 1 trade (month-week-day) although usually the DD is much lower than Y1 or Y5 which offer more possibilities of trading due to larger history data with also better correlated balance-equity graphs.

So I would usually select 1-3 top performers tbh either M or Y1 and avoid W or D most of the times and use them only for confirmation and verification for my selection of the top performers. I would also avoid putting more than 3 bots on same account at the same time and avoid increasing lots at least until I hit a minimum of 3 consecutive wins which then go and scale a bit higher.

Now regarding trailing I do agree that usually will eat to your profits but at least it won’t run you to SL or bigger losses if set correctly. In general manual setting of the SL when the trade is going good is better as well as maybe adding the MT trail after your position is at least 1/3 in profits run.

[rasa]

I may have found a bug in the prop robot app: when selecting a different amount for trading capital one would assume that the oder of the robots do not change while in the same timeframe … that is true for all amounts but the $10K: the best robot stays the same but from then on the order is different from all the other amounts … please look into that … thank you!

[Alan Northam]

Hi rasa,

This is not a bug but how the prop firm robot app works.  As you change the account size the profit in “dollars” changes and this then can change the order of the robots from most profitable to least profitable.

Alan,

[rasa]

thank you … it seems to be the cause of rounding …

[Konstantinos Borsis]

Hello Guys. Do you adjust entry time or entry protections at all? I am trying to research and monitor spread behaviour and best entry time settings for XAUUSD, EURUSD and EURAUD. Any thoughts ideas much appreciated 🙂

[Konstantinos Borsis]

Hello guys,

trying to get some insight on these:

1. I understand that optimisation in the app is providing best trade settings per TF and historical data chosen per account size. So besides, lot size do I need to adjust entry protections (spread, max positions max lot) or for example the entry time/schedule? What would you suggest please?

2. I check for 1-3 top performers looking for smoother graph line and lower DD version and use only these. Any suggestions here as well please?

[Konstantinos Borsis]

Hello everyone. After studying the EAs and testing a bit further my idea on how to use the prop app and EAs is: choose the top 4-5 Y1 performers DD<5  lowest peak above your starting balance, half the starting lot 50%, adjust before/after news according to your prop, don’t change anything else and just give it time to do its thing, scale up as you go. Monitor every Friday after marker close and keep a log/journal of performance. If trades hold in profit more than a day, possibly add manual trail at 1/3 of TP or close manually at 3/4 of TP just to make sure youare bringing any some profit. Check Prop App every Sunday afternoon for any major changes based on your account and make any needed adjustments before market open Monday. Any ideas/suggestions please let me know.

[Craig]

Hi All,

Is there a way to download all the V6.1 on their own?

At the moment is have to flick through Daily, Weekly and Monthly to make sure I have them all and download separately.

What I’d like it a button to download all V6.1 or V6.0 not matter what the performance.

I want to run them all at 0.01 Lot on a challenge and do my own top performer analysis. Using the App does not seem to work for me choosing the weekly Top 1 or 3 so must be a broker difference or backtest vs live difference

 

Thanks

[Konstantinos Borsis]

Hello everyone. I hope this weeks trading is treating you all good. I know trailing stop is not Petko’s trading style, but it would be a great help for those that would occasionally use it as profit protection with positions that either are on strong trend our way and/or have a big SL/TP setting, like XAU.

I hope you can consider this if possible.

Thanx.

[Nikos]

Hey Konstantinos,

Thank you for your suggestion.

I will forward this to the team!

Kind Regards,
Nikos

[KazGwada]

Good morning
I think we should keep all the bots visible on the dashboard, even those that you no longer think are performing. This would allow us to monitor the real performance of the bots over a real long period without any update (2 years)…. Because unfortunately as soon as ‘ a boot seems less efficient, replace it with a new one which has been optimized and not really tested. KEEP THE MAXIMUM BOT IN THE DASHBOARD
It would also be necessary to put the 3 month timeframe
THANKS

[Nikos]

Hey KazGwada,

Thank you for your suggestion!

I will forward this to the team!

Kind Regards,
Nikos

[Konstantinos Borsis]

Has anyone had TP hit on any pair EA of the Prop Firm Robots in the past 14 days at all? If so can you please share result and/or settings and which pair and TF you used?

[Shekeb Khatibi]

Hello everyone,

I’ve been using the Prop Firm Robots for Forex trading, specifically the top 5 robots, but this past week all my positions closed in loss. Despite following the system, my trades weren’t successful.

### My Issue:

Despite using the top 5 robots, my trades have been unsuccessful this week. Has anyone else experienced this or have any suggestions to improve performance?

Thank you,

[Nikos]

Hey Shekeb,

I believe it is a losing period for the robots. Try again next week and see if there are any differences in the results.

Kind Regards,
Nikos

[Shekeb Khatibi]

Dear Nikos,

Ok,we will see next week and thanks for reply.

[Shekeb Khatibi]

Dear Nikos,

 

I hope you are well. I recently purchased your forex robot and I have a concern regarding its use with prop firms.

 

Prop firms often have strict rules and monitor trading patterns closely. They might suspend accounts if they detect similar trading strategies or patterns from multiple traders using the same robot. Given this, I have a few questions:

 

1. Does using your robot risk account suspension by prop firms?

2. If the risk exists, what steps can I take to avoid this issue?

3. Are there specific configurations or customizations you recommend to ensure my trading activities remain unique and compliant with prop firm rules?

 

Your advice and any additional recommendations would be greatly appreciated.

 

Thank you for your support.

 

Best regards

[Nikos]

Hey Shekeb,

I understand your concern but you can use our prop firm robots in many prop firms without issues.

1. As far as I am aware, the strategies used in the prop firm EAs, do not violate the rules for most prop firms.
2. To make sure that everything is fine, ask the prop firm if they accept EAs first and what kind of EAs.
3. The configurations are set in a way to be compliant with the prop firm rules but if you still have doubts, you can ask them about the rules so that you can see analytically by them what are they rules and be more sure if everything is correct!

Hope this helps!

If you have any more questions, let me know!

Kind Regards,
Nikos

[Pat Savard]

Nikos, it’s nout about the EA as it’s normal to see loosing trades. The problem is that you updated the app ( that obviously come from forexsb.com) with new EA. I was using the 6.0 and 6.1 FTMO EA and suddenly the web app dont show anymore theses EA.  Whos is responsible for the web app?  EAtradingAcademy or forexsb.com.

 

I feel like I have been left behind with my 60 and 6.1 EAs. Please correct me if I’m wrong and I should have seen an annoucement about all theses new features

@Petko could reply?

A filter on the web app to see EA versions would habe been a smart idea! 

I see no accnoucement on Petko Youtube challen and I dont think I received an email about this update.

[Shekeb Khatibi]

Dear Petko,

I hope you are well. I recently purchased your forex robot and I have a concern regarding its use with prop firms.

Prop firms often have strict rules and monitor trading patterns closely. They might suspend accounts if they detect similar trading strategies or patterns from multiple traders using the same robot. Given this, I have a few questions:

1. Does using your robot risk account suspension by prop firms?
2. If the risk exists, what steps can I take to avoid this issue?
3. Are there specific configurations or customizations you recommend to ensure my trading activities remain unique and compliant with prop firm rules?

Your advice and any additional recommendations would be greatly appreciated.

Thank you for your support.

Best regards,

[Nikos]

Hey Shekeb,

I have answered to your questions above!

Kind Regards,
Nikos

[Derek Fitzgerald-Poe]

Hello I am new and just bought the bot but one thing I noticed is that the Prop Firm Robot App only goes to 200k can you increase to $1 million once you have data. Some Prop Firms goes to $1 million challenge and so all the numbers are off for DD and Target when we can only select up to 200k

[Nikos]

Hey Derek,

The reason the App has until 200k is because most of the prop firms offer 200k challenges. Based on that, we have just set it up until 200k.

Hope this helps!

Kind Regards,
Nikos

[WASIM]

can you please add a function to close the trade before high-impact news?

[Nikos]

Hey WASIM,

There should already such function. In case it does not work, try to add the robot again to the chart.

Kind Regards,
Nikos

[Shekeb Khatibi]

<p style=”text-align: left;”>Dear Nikos,</p>
<p style=”text-align: left;”>Since installing the new update for the Prop Firm Robot on MetaTrader 5 yesterday, it has not opened any positions. I have checked the settings and permissions, but the issue persists.Could you please assist me in resolving this?Thank you.</p>

[Nikos]

Hey Shekeb,

Can you please send me a screenshot of the settings of the robots and also the platform?

Thank you!

Kind Regards,
Nikos

[Shekeb Khatibi]

Dear Nikos,

I wanted to inform you that the issue I was experiencing with the Prop Firm Robot not opening positions has been resolved. After 24 hours, the robot has started functioning correctly and is now opening positions as expected.Thank you for your support.

[Aphrodite]

Hi Nikos or Petko,

I noticed that not all EAs have a trailing stop loss. Is there a possibility to add such functionality in all? For example USDJPY M15 #2013751115 doesn’t have a trailing stop loss

[Nikos]

Hello Aphrodite,

So, each strategy is different which means that trailing stop loss for example for the EA you mentioned, might not be a good option.

Hope this helps!

Kind Regards,
Nikos

[Shekeb Khatibi]

Dear Nikos,

How to configure the EA for 6k challenge with 5% daily loss and 8% target, because for this amount of challenge there is no any setting in prop firm app.

[Nikos]

Hey Shekeb,

You can still use the 10k amount in the App for the EA you want to download and you just have to manually adjust the amount of the profit target and the daily loss according to challenge that you have.

Hope this helps!

If you have any more questions, let me know!

Kind Regards,
Nikos

[Aphrodite]

Do you change EAs before the start of Sydney session? Or just when your day starts depending on which country you stay in

[Nikos]

We just change the EAs when the day starts if there is any change that needs to be made!

Kind Regards,
Nikos

[Shekeb Khatibi]

Dear Nikos,

Thanks for your info and support.

[Nikos]

Hey Shekeb,

You are welcome!

Kind Regards,

Nikos

[Derek Fitzgerald-Poe]

Anyone else seeing huge losses from these prop robots this week? I went from $200k account up to $215k ($15k in profit in 2 weeks) then this week I am down to $205,500, Huge losses! Seems like Robots are very up and down. My strategy is to go in once per week and see which robots performed best for the prior week then the top 3-5 bots I add to my prop challenge for the following week trading. First two weeks of using the robots gains were amazing now the third week this week I am seeing huge losses especially today on USDJPY I lost like $3500 and in a $1600 floating loss overall. I am focused on a few pairs that seemed to perform well on the prior weeks. USDJPY, USDCHF, EURJPY, and XAUUSD. I have a number of USDJPY bots trading 1553814431, 538832091, 2013751115, 2067664102. Any Thoughts?

[Nikos]

Hey Derek,

What you can do is to keep checking everyday and see if there is any change in the profitable robots. Here is a trader who has reached 10% using this method:

Passed Challanges with the FTMO/Prop Firm Robots

Just scroll to the latest message!

Kind Regards,
Nikos

[Derek Fitzgerald-Poe]

So what are you saying I should instead of seeing which bots performed well over a week period to check every single day by checking in prop robot app and switch to daily instead of weekly to see which bots have the highest profit factor and just add those bots and cut any loser bots that are in a loss? Let me know if this is correct? In the course it talks more about checking weekly to see which bots performed best but if you are saying I need to add winning bots for each day to trade the following day. Also do you recommend I add these top winning bots after daily close or before daily open and look at bots that performed well the previous day?

[sbk4profiteta]

I have noticed that after a winning EURJPY trade the EA automatically entered a EURJPY trade again but this time at a loss. The next day the Set file had changed. Please add option to each set file to close EA automatically. This would prevent the EA opening trades in the same direction after a win because the trend could have changed.

[Derek Fitzgerald-Poe]

Nw this bot has nearly blew my account not using more than medium risk and I started out at low risk in 2 weeks I was at $215k almost $216k now I am down to $204k in a 2 day period! wiyth $2700 in floating loss!

[Aphrodite]

Hi Derek

I don’t know if this is because of NFP week but the drawdowns were for sure huge. And the bots kept opening trades at premium prices even after hitting TPs

 

Nikos, maybe could you adjust the EAs so that if the price has reached all time high it shouldn’t keep buying at that premium price and also recognize when there’s a reversal?

[Derek Fitzgerald-Poe]

should I check the prop robot add daily instead of setting on Weekly and going in once a week to add top performers to my chart? This is how I did it for the last 2 weeks and like I said I started at $200k on low risk settings and added just the top 3-5 robots that had the highest profit factor from the prior weeks and in a 2 week period I was right on the edge of passing phase 1 of my challenge and was amazed by the bot! Everything was going smoothkly! Then this week everything was wiped away I actually lost one prop challenge becuase of this but I was taking two $200k challenges and one of them thankfully I am still active but almost blew the 2nd account today! The good news is at least I can rebuild as long as I didnt blow the account. So should I select Daily on the prop robot app now and see which bots performed well each day and switch bots out daily OR should I still only go in once per week and see which bot performed well the prior week?

[Derek Fitzgerald-Poe]

By the way I wss using these pairs  USDJPY, USDCHF, EURJPY, and XAUUSD for the week not sue if NFP effected these pairs but according to last week the Profit factors were very high on these pairs so I added a number of bots from these pairs I had a few versions of the USDJPY which took the biggest losses.

[Derek Fitzgerald-Poe]

One pair USDCHF I am looking at daily chart to see more of a birds eye view on how the bot is trading and it put in a buy order near the top of the price move as price was rallying for several candles then price reversed a couple candles later and now the bot is in a $1000 drawdown. So something is off almost every trade is a loss its making careless buy trades near tops of rallys instead of buying in demand zones and selling near supply zones. Also on USDJPY I am wathcing the trades and every trade is careless its making completely the wrong trades selling into demand zone and closing after price rallys in a loss. Seems like every trade is the opposite of what it should be doing

[Derek Fitzgerald-Poe]

Now this bot has nearly blew my account not using more than medium risk and I started out at low risk in 2 weeks I was at $215k almost $216k now I am down to $204k in a 2 day period! wiyth $2700 in floating loss!

[Craig]

What’s steps are you taking each day?

 

I am in profit and have surpassed the 10% gain in the last few weeks. What I am doing is as Nikos did to pass, Every morning I open the app and set it to weekly 1% risk. I then set the top 3 EAs on my account. Some days there is no change so no need to do anything.

So again, every morning, open app, set to weekly and make sure all top 3 are running on your account

[Derek Fitzgerald-Poe]

Hi Craig what I am doing is on Sundays before the market opens I select weekly plug in my prop firm details as far as target and daily and max loss then I see the top 3-5  and I add those to MT5 and use a trade copier to copy trades over to my prop account. So what you are saying is what I should be doing is checking not once a week on the weekly but checking every single day on the weekly not daily but weekly correct? Then if new bots are showing and I dont have those I add them to my chart? What about the ones the day before if they are not showing would you remove those and just have the new ones that you added from seeing which top bots are showing on the weekly?

[Michael Jonsson]

1. Daily target, close all ongoing trade if the daily target equity is hit and don’t open any new trade until next day.
2. Close all ongoing trade X minutes before high news.
3. Portfolio mode, check if other trade is ongoing, don’t open more then X trade if we running multi EA’s on the same account.

[sbk4profiteta]

Excellent and essential for prop firm trading.

[Stephen Holmes]

A way to set a delay for trade entry and exit so that you are not taking exactly the same trades as other people using the same ea on any particular platform.

[Michael Jonsson]

Great idea.

[sbk4profiteta]

Agreed. Without a delay, we will always get flagged for copying. Excellent idea.

[Michael Jonsson]

It should be an automatic random number from an interval of number like, (1-5000 ms).

[Nikos]

Hello traders,

Thank you for your suggestions!!

Kind Regards,
Nikos

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