Prop Firm Robots: Settings and Inputs

[Dion Burroughs]

I have run the strategy tester with the FTMO-Robot on at least 4 of the 7 pairs on an FTMO $50,000 demo account, and I either get $20 – $118 negative profit or $500 – $689 positive profit at the end of the test. I have changed the lot size lower from 1.0 to 0.8 and still bad results.  The relative drawdown is always around 2% to 3% but never reaching anywhere near the 10% profit target. Please advise.

 

[Anonymous]

It looks like overall the FTMO robots are showing profit from how I read your comments. I recommend testing the robots with an FTMO Demo account over at least one month. Since the FTMO Demo account only last for 14 days you would have to do it twice. After one month review the results. I have been doing this since the first of August for the FTMO EURUSD EA version 4.1. You can review my results in the forum.

[Anonymous]

The problem is that most people depend 100% on the MetaTrader backtester, which is not perfect, actually, it is far from being perfect.

Like Alan said, the best is to test the EAs on Demo, which is a realistic forward testing.

Also, the EAs created with FSB Pro are advanced for the MetaTrader backtester, and the results are often not realistic. So a Demo test it the best thing to be done.

[Anonymous]

Do you have to change the stop losses and take profits ? Or leave them as they are?

[Anonymous]

The only change you need to make is to adjust the lot size based upon your account size to reduce risk!  The following recommendations limit risk to 1%.  You can adjust the recommended based upon your tolerance to risk.

200K Account: Amount for new position = 6.0 / Maximum position amount = 6.0
100K Account: Amount for new position = 3.0 / Maximum position amount = 3.0
50K Account: Amount for new position = 1.5 / Maximum position amount = 1.5
25K Account: Amount for new position = 0.75 / Maximum position amount = 0.75
10K Account: Amount for new position = 0.30 / Maximum position amount = 0.30

[Anonymous]

Hi, I recently purchased these 7 EA for FTMO but I don’t understand how I should set the “Amount to close on reduction” value.
If I have a $200k account, the 1% risk per trade based on the SL is 6.13 lots. I understood the meaning of the first three settings but I don’t understand the 4th. Can you help me? Thank you

[Anonymous]

Here is how it works:  Lets say you are in a long position with a lot size of 6.13 lots.  Now you get signal to go short.  What will happen is your long position of 6.13 lots will be reduced by 6.13 lots.  This then would mean that your long position lot size is now equal to zero and your long position would be closed.  Now lets take another case.  Let’s say you have set the reduction lot size to 1.0.  Now when you get a signal to go short your long position would be reduced to 5.13 lots and you would still be in a long position instead of a short position because you still have a long position with a lot size of 5.13.  Now lets take another case.  Let’s say you have se the reduction lot size to 7.13 lots.  Now when you get a signal to go short your long long position of 6.13 lots would be reduced by 7.13 lots.  Since your long position only has 6.13 lots this would mean that your position will be changed to a short position with 1.0 lots.

[Anonymous]

THANKS VERY MUCH FOR THE EXPLANATION. YOU HAVE BEEN VERY HELPFUL TO ME!

[Anonymous]

 

[Anonymous]

Hi, i am planning to buy this robot but its not clear if it can be used for MT5! can it?

[Anonymous]

Yes!  You will receive two EAs, one for MT4 and one for MT5.

[Anonymous]

Hi everyone! I would like to ask the community if on days with high volatility impact news it is better to stop the FTMO EA. Do any of you use them during news stories like no farms, CPI, etc? thank you

[Anonymous]

It’s a personal choice.  I don’t stop trading during NFP or any other news event.  Sometimes it hurts my trading somewhat and sometimes it helps my trading.  It all averages out in the long run.  In my opinion, the purpose of auto-trading is to let the EAs do the trading.

You can follow my demo trading of FTMO.  The demo accounts only last for 14 days and then I have to restart them.  So I just combine all the results of all the 14 day periods to see how the FTMO is doing over the longer term.

FTMO DEMO

[Anonymous]

I thought these EAs had a trailing stop and magic number parameters, v 4.2.

Does v4,2 have Trailing Stop and Magic Number parameters?

Attached is a screen shot of a compiled GBPAUD EA, note the lack of Trailing Stop and Magic Number.

Please advise.

[Anonymous]

Hi Ellen,

Petko doesn’t normally use trailing stops so the FTMO EAs do not use them.  He had tested trailing stops over a long period of time and did not see any benefit from using them.  Petko prefers to use a fixed Stop Loss and a fixed Take Profit.  In the FTMO EAs he has set the Stop Loss to 80 pips and the Take Profit to 45 pips.

I have shown the magic number in the red rectangle in the image below.  You will find it in the Experts Settings section:

[Anonymous]

Yes, Alan answered precisely about the Trailing Stop Loss.

Regarding the Magic Number, it is available on MT4 but not on MT5.

Cheers,

[Anonymous]

Hello,

I have a question about the new entry time feature in v3. For what time zone are the default settings based? I place my trade entries based on New York time.

[Anonymous]

Hi Alashea,

It is 1 hour after the market opens for the day.  It is 4PM here in Texas and in NY it should be 6PM I think.

Kind Regards,
Alan

[Anonymous]

Hello Petko!!!! I want to buy these FTMO robots from you. I am a licensed user of FSB Pro. And I have a question. Have these robots passed the MONTE CARLO test!!?? Yes or no. I just have similar robots and they do not pass the MONTE CARLO test!!! Please answer

[Anonymous]

Hi,

I keep getting this msg in the journal. Can you tell me how to solve?

2023.10.18 10:16:09.121 ‘83809579’: order buy 1.00 EURUSD opening at market sl: 1.05251 tp: 1.06151 failed [Trade is disabled]

Spread level is set at 30.

M1 – Robot Smiley is also on, but not able to figure out the issue.

 

[Anonymous]

This error message usually occurs when there is an issue with your broker.
What is your account size?
Try to place a small trade manually, such as 0.01 lots, to see if your broker will accept this trade.  You can then close the trade.
If you can place a small manual trade then try a small lot size with the EA.
If you still cannot place a trade contact your broker on why you are not able to place a trade.

Alan,

[Anonymous]

Hello,

I got this message and I do not know what that mean?

 

2023.10.20 15:35:26.843 GBPCAD M1 FTMO Filter M30 (7) (AUDUSD,M1) Error with OrderCheck: Trade disabled

 

Please help,

Regards,

Aleksander

[Anonymous]

This means that you cannot place any orders, including market orders and pending orders. If this is the reason why you are receiving the trade is disabled error message in MT4, the solution to this problem is simple. Just wait for the market to open and try to execute your trade again.

Alan,

[Anonymous]

Thank you for your answer.

I got this message on MT5 and I can open order manually but not with EA

Regards,

Aleksander

[Anonymous]

Do you get the same error message for all EAs?

[Anonymous]

I can’t say because I don’t use all, just three if them. They don’t open trade today.

[Anonymous]

Since GBPCAD is getting an Error message saying trade is disabled this normally occurs when the broker will not allow trades to be taken.  Since you can manually open trades it leads me to believe your broker does not allow auto-trading.  Further since the other two EAs are also not taking trades makes me wonder if they too are getting the trading disabled message.  However, if the other two EAs has not been active long enough it could be that the EAs have not yet tried to take a trade.  This then makes me wonder if when these two EAs do try to take a trade will they then have their trades disabled by your broker.  Right now it is my opinion your broker could be blocking auto trading.  I recommend you contact your broker to verify if they allow trading with Expert Advisors.

Alan,

[Anonymous]

Is there a way to remove all references to FTMO in the EA, so that the FTMO never comes up when placing trades or leaving any journal entries??? There are many Prop Firms that look for this information when they review a successful challenge. Some Prop Firms will even disqualify the challenge and force you to start over again.

[Anonymous]

Rename the EA.

[Anonymous]

Hi guys i am confused about what level i should be keeping spread protection at, If i want to avoid news but allow my bots to reverse trades whenever needed is there a good level for ftmo servers?

[Anonymous]

Hey Dylan,

I keep it at the default value. Because if you increase it a lot, you will avoid a lot of the entries when there is no news.

Cheers,

[Anonymous]

Thank you for your reply Petko, however i am still a little confused. The way i currently understand is if i have spread protection set to default at 30 points then the bot will not open or reverse trades if the spread is greater then 3 pips? Is that correct? Because the AUDNZD pair very rarely has a spread that low for me.

[Anonymous]

Hi Dylan,

With respect to AUDNZD or any other asset you should adjust the spread protection appropriately.  The idea is to keep an asset from trading when the spread is too wide.  Wide spreads reduces potential profit and increases potential loss!

Alan,

[Anonymous]

Hello I just added 3 robots on 3 different pairs and kept the algo on the whole day and it did not take any trades I dont know what is the problem? can someone helpme

[Anonymous]

*** TURNING OFF FOR NEWS ***

I just purchased V.5 of the FTMO EA> Looking forward to getting going. I heard someone on YouTube say that Petko manages the EA’s to avoid red news events. Is that right? If so, could you please give some guidance on specifics?

• Does he close open trades before RED FOLDER news relevant to currency? e.g. USD
• How much time either side of the red news does he allow? 60 mins? 90 mins?
• Does he turn them all off for NFP? For the whole day?

Thank you!

[Anonymous]

Hey guys what is the correct way to increase lot size without messing with the reversing system in the bots? can i just increase lot size for a trade and a reversal and the bot will only trade the max size allocated size that is set? or is it best to open a new chart and place the bot on there with the increased size?

[Anonymous]

Hi Dylan,

If you want to increase new position size then you will need to increase max position size so that it is equal to the new position size.

Alan,

[Anonymous]

I went through the passing  the FTMO course and have the FTMO robot installed and ready to go.  I just have 1 question.  Do I need to adjust the time settings for when it runs with my brokers time on MT4?  If so, how?   Thanks

[Anonymous]

Hi Robert,

No you do not need to adjust the time frame of the robot.  As long as there is a smiley face in the upper right corner of the chart you are good to go!

Alan,

[Anonymous]

Thank you Alan, much appreciated!

[Anonymous]

Hi! Is there a live FTMO Robot running in MyFxBook that we can check which are the top performing pairs in the current market condition?

[Anonymous]

Hi Eric,

Which version of the FTMO robots are you wanting to know which robots are top performing?

Alan,

[Anonymous]

Hi Eric,

Which version of the FTMO robots are you wanting to know which robots are top performing?

Alan,

[Anonymous]

Hi Alan,

I’m talking about the FTMO robot, the one that Petko used to pass the FTMO challenge.

Thanks,

Eric.

[Anonymous]

[Anonymous]

Hi Alan,

Thanks for sharing, how long do we need to try it on demo before using it on live/funded account? Also, my prop firm doesn’t have a demo acct, what can you suggest?

[Anonymous]

Hi Eric,

The charts I shared are the backtest over the last 6 months using FTMO historical data.  I like to backtest for at least 1 month before moving to a live account.  However, you can use the amount of backtesting time that works best for you.  It is my opinion that the longer you backtest the more accurate the backtest but using too long a backtest period can cause the market conditions to change while you are backtesting.  This is why I choose 1 month for my backtesting.

It is my opinion that the best way to backtest is to use the same prop firm as you are going to use in live trading so the historical data is the same.  Using other brokers for backtesting will give different results because their spreads will be different and they may or may not charge commissions and the commissions could be different.  So what I do is to use the lowest cost live prop firm account to do my demo testing and I use the smallest lot size for the robots (0.01 lots) I am testing so not to have much drawdown.

Alan,

 

[Anonymous]

Hi Alan,

Very nice idea, thanks for sharing!

Do you know how many acct I can use if I purchase the “FTMO ROBOT” ?

Eric

[Anonymous]

Hi Eric,

As many as you like :o)

Alan,

[Anonymous]

Hi Alan,

Thanks for the info. :)

Eric

[Anonymous]

Hi there,

 

Can I use an account with a 1:1000 leverage?

Thank you

 

[Anonymous]

Hi could admin please check if my settings where wrong or something. I’ve followed the PDF instructions saying turn on AutoTrading first then only apply the EAs. At first default settings are taking trades and after adding few pips to TP SL, MA & Deviation the bot stops taking trades for a week. there’s no trade.

 

[Anonymous]

I don’t see anything wrong here. Maybe it comes from the broker? Who is it?

[Anonymous]

NovaFunding

broker

ForeignExchangeClearingHouse-Live

 

previously with default settings bots was taking trades until I made these tweaks into it. Then it stops

[Anonymous]

Do you have logs / errors in the info tab? Is trading allowed by the broker? (If you hover a pair in the market watch, you should see something like “trading: full”)

How is the spread? Compare that to your minimum spread setting.

Does the prop firm allow EAs?

 

just a few leads

[Anonymous]

Journals section, all seems alright no error logs or anything weird.
the prop allows EA, previously with default settings it taking trades on the same account.
somehow once value added abit according to the pdf to make unique trades it didn’t take trades since then.

[Anonymous]

The journal logs all seems ok, no errors or loading failed indicated. The prop allows EA previously the bot was taking trades in default settings. Since changing to unique settings according to the pdf the bot stops trading for a week or so. Humm

[Anonymous]

Hi kcy001,

The setting in the image you show above are correct for an account of $50K or greater. I think I understand with these settings your account is able to take trades. However, once you change these default parameters your account stops trading. Can you show me a screenshot of the EA properties box after you change the default settings so I can see what you are doing? Also what is the size of your account in dollars? Also are you using the FTMO demo account?

Alan,

[Anonymous]

Hi,

I have bought the FTMO robot last week and I’m testing it on a demo account with the intend to put the top performer in a challenge. Reviewing the result of this week, I notice that the presets for XAU are set with a SL of 2000 and a TP of  8000. I’m quite surprise to see such a RR while all the others robots have a RR around 1:2. Any idea why the RR is so high for the gold?
For next week, I plan to reduce the TP to 4000.

Best Regards,
Rudy

[Anonymous]

Hi did you reduce the TP? I agree the TP seems high, where taking smaller profit would be better as it adds to the balance whereas leaving it to run and it can turn against you into a loss.

[Anonymous]

Does anyone limit the number of open positions that open at one time?

[Anonymous]

<span style=”vertical-align: inherit;”><span style=”vertical-align: inherit;”>مرحباً، </span></span>
<span style=”vertical-align: inherit;”><span style=”vertical-align: inherit;”>لم أتلق رابطاً لتحميل الإصدار الجديد من الروبوتات</span></span>

[Anonymous]

hey i think there needs to be an added trailing stop loss or maybe even breakeven given to each robots these robots leave money on the table but then again results may come out different would love to see your view on this and if possible adding these features seeing the backtest results and also the forward test results (live market)

[Anonymous]

Hi Tanyeemgazi,

I covered this issue in a difference response.  To read my response please click on the following link:

https://eatradingacademy.com/forums/topic/improvements-regarding-ftmo-robot-v6/#post-231042

Alan,

[Anonymous]

Hi, in the FTMO Robot Parameters

Should I adjust the ‘max spread’ parameter based on the currency pair (e.g., AUDCHF says spread of 9, and change the ‘max spread’ parameter to 9), or should I just leave it at 0 (zero), which is the default setting?

Thank you! 😊

[Anonymous]

Hi Felipe,

If the normal spread is 9 and you want to stop trading if the spread gets to wide you might want to set the max spread to 1.5 to 2 times the normal spread or 13 or 18. Its really your decision as to how wide you will let the spread get before you stop allowing the robot to place trades. The other option is to just leave it at 0 which will disable this function.

Alan,

[Anonymous]

Hi there,

I recently acquired the FTMO Robot selection tool, and after testing it out, I’ve noticed some robots performing well while others are not. I configured it with a $100,000 account balance and downloaded all available robots across various timeframes, testing them on a FTMO demo account. However, I haven’t observed any significant winners or losers so far.

I did read that someone said to test it for a month, but I thought this is why we buy it from this system since they are always being tested.

I’m considering whether running just one EA with a $100,000 balance would yield better results. Does anyone have recommendations for optimizing performance? I’m hesitant to commit to a real challenge until I can successfully pass the demo phase. Your insights would be greatly appreciated.

Thank you.

[Anonymous]

Hi Chris,

With the new FTMO app it is no longer necessary to test the Expert Advisors as the app does this for you.

I would suggest trying different strategies to see which one works for you. Sometimes Petko will use just one Expert Advisor to complete an FTMO Challenge and sometimes he will use three.

I would suggest using the Expert Advisors in a FREE FTMO demo account until you are comfortable with a successful strategy.

Alan,

[Anonymous]

Hi how can i chane unique numbers on ftmo challenge on mt5

[Anonymous]

Hi Sheldon,

Right click on the blue hat in the upper right corner of the trading chart and click on Properties. From there you can change the magic number.

Alan,

[Anonymous]

Hi,

How can the robot have in m15 and m30 tp and sl of 60 and 50 pips in the pair audchf and its the same in the othwr pairs!

They are huge for that time frame
<p style=”text-align: center;”>Can you explain how its programmed?</p>
And can i change the tp and sl?

Thank you,

Konstantinos iliadis

[Anonymous]

Hi Konstantino,

All the Prop Firm robots have been tested over the last five years and found to be profitable with the current settings. However, the trader is always able to change the settings at their own discretion.

Alan,

[Anonymous]

Hello,

I have recently installed the 6.0 & 6.1 expert advisers onto my MT5 panel (which is currently running an FTMO trial) and I wanted to double check I had the correct settings. I also wanted to double check the notifications I’m getting in my journal are ok?

I did send an email to the support address but never got a response hence my post on the forum.

I understand the EA’s can take some time before they place a trade so this post isn’t a complaint but more a request for some guidance :-)

Ive attached some screenshots but let me know if you need any more info.

Thanks in advance

[Anonymous]

Hi Ross,

There are no error in the Journal and I have looked at all your images. The robots are set up correctly.

Alan,

[Anonymous]

Hi Alan,

Thanks for your quick response & for reviewing my setup. I will leave as is and monitor accordingly.

With regards to monitoring the EA’s, do you recommend reviewing the weekly charts on Robot App and using this information to pick my active EA’s? Or is weekly too short and a monthly review is better?

Also, when downloading the EA’s, will the Robot App automatically select my lot size depending on how many EA’s I have downloaded? For example if I select top 5 EA’s, will my lot’s be sized accordingly for 5 EA’s being used simultaneously?

[Anonymous]

Hi Ross,

Nikos, one of the eatradingacademy traders just passed a 100K Challenge using the prop firm robots. The following link will show you how he did it>

Prop Firm Robots passed 100k Challenge

Also, the EAs are independent from each other. So if you select the medium risk (1% account risk) and you choose to trade 5 robots that will mean you will have an account risk of 5%.

Alan,

[Anonymous]

Hey Guys,

I’m about to start a prop firm challenge and wanted to know if the prop firm eas will still be ok on a 3k account with the correct lot size. The firm i’m going with has different scaling plans than traditional prop firms. Always max draw down 5% & 7% targets to scale up. I can start with 5k but i prefer the lower 3k as its a bit cheaper to purchase from the start. Let me know your thoughts

Thanks Stephen

[Anonymous]

Hi Thommon38,

You will need to adjust certain EA parameters for a 3K account so it will work. The following link is an example on how to do it. If you need further help please let us know.

https://eatradingacademy.com/forums/topic/ftmo-robot-app-v6-0-new-features-released/#post-225623

Alan,

[Anonymous]

Hello everyone, I would greatly appreciate your help and collaboration.
I want an EA to protect the account, I’m trying to create with FS Builder Pro and I don’t know how to do it.

BOT Features:
– Real balance of the account.
– Maximum Daily Loss %: (When the balance reaches maximum loss, the BOT closes all open operations in the account and no EA in the account can open positions until the next day)
– Maximum drowdon of the account %
– Frofit Daily Limit %: (When the account reaches the desired objective, all open positions in the account will be closed and it will not operate until the next day)

Does anyone have this BOT or know how to do it?

[Anonymous]

Hello Elia,

The FSB Pro robots provide only a “Stop trading at min account” protection.

For more protections, please use EA Studio robots (or the newly released Top-10 Robts Application).

These robots comes witch numerous protections:

• Max spread (points)
• Max open positions
• Max open lots
• Maximum daily loss (currency)
• Minimum equity (currency)
• Maximum equity (currency)
• News Filter

 

 

[Anonymous]

Muchas gracias… Encontré estos parámetros.

<span style=””>Las “protecciones de entrada” evitan una nueva entrada si se activa una protección</span>
<span style=””>cadena de entrada estática Entry_prot__ = “——“; — Protecciones de entrada —</span>
<span style=””>entrada estática int Max_Spread = 0; Margen máximo (puntos)</span>
<span style=””>entrada estática int Max_OpenPos = 0; Máximo de posiciones abiertas</span>
<span style=””>entrada estática doble Max_OpenLots = 0; Máximo de lotes abiertos</span>

<span style=””>”Protecciones de la cuenta” detiene al experto si se activa una protección</span>
<span style=””>cadena de entrada estática Account_prot = “——“; — Protecciones de cuenta —</span>
<span style=””>entrada estática int MaxDailyLoss = 0; Pérdida diaria máxima (moneda)</span>
<span style=””>entrada estática int Min_Equity = 0; Patrimonio mínimo (moneda)</span>
<span style=””>entrada estática int Max_Equity = 0; Equidad máxima (divisa)</span>

[Anonymous]

I’m testing the Prop firm bot, but I just notice the take profit and stoploss targets are sky high, it opens trades but not closing them on the target 7000 pips.

When I hover over the gold price: Xau/usd: it says: 1 Lot= 100 oz ($10.00 pp) , Eightcap.

What should I enter for the default settings ? : 700 pips ? it’s a bit confusing.

[Anonymous]

Hi VapoChill,

These are the correct amounts for Stop Loss and Take Profit as each pip is worth $0.9 dollars. Keep in mind these EAs have indicators build into them that tells them when to take trades and when to take profits and when to cut losses. These indicators will normally trigger when to open and close trades before the market reaches the Stop Loss and Take Profit hard limits.

Alan,

[Anonymous]

Hello everyone. As the new trading week is approaching, ayone has any ideas suggestions for settings on XAU M15, EU M30, EA M30 and UCHF M15? Thanx in advance.

[Anonymous]

Hey Konstantinos,

I believe you can try trading low risk settings in all of the pairs and see how that will go!

Kind Regards,
Nikos

[Anonymous]

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?

[Anonymous]

The new downloaded FTMO robots now doesn’t have the option to adjust Envelopes to make entries unique ?
Others value like TP, SL, LOT SIZE can be adjusted but the entries if everyone uses these same indication for entries will makes it very suspecious to possibly flag as copy trading?

[Anonymous]

Hey kcy001,

About the Envelopes, please know that each strategy is different and might not include Envelopes.

About the entries, it is not exactly like that. The way it can be mostly suspicious in prop firms and looks like copy trading, it’s if you are using the same robot in many accounts of yours.

Hope this helps!

Kind Regards,
Nikos

[Anonymous]

Do you mean using the same robot if you have multiple accounts with the same Prop Firm? I wouldnt think they will see if you have say 1 account but 4 different prop firms and using the same bot as each prop firm is not communicating with each other?

[Anonymous]

Is it better to use 1 Prop App EA per challenge or to use multiple of them at once?

[NIKOS KYRIAKOU]

Hey there,

That depends on your trading style. You can try with one or you can try a combination of for example top 3, top 5 or something like that.

Hope this helps!

Kind Regards,
Nikos

[NIKOS KYRIAKOU]

Hey Derek,

Yes, I meant with the same prop firm.

From what I know, indeed, the prop firms are not communicating with each other because there is competition and I do not think they want to cooperate with each other.

Kind Regards,
Nikos

[Anonymous]

Good day EA Trading academy team

Could you please explain R squared?
What are we looking for when it comes to this number?

Thank you

[Marin Stoyanov]

Hello Richard, please check this post about R–Squared where Petko covers the topic in detail. There you can find a video explanation as well.

[Anonymous]

What is the right Pips value for XAUUSD ?

Default setting don’t work on Eightcap.

[Anonymous]

Sorry, it’s on FTMO mt5.

[Anonymous]

Hey VapoChill,

The pip size depends on the risk that you want to trade with. Also, to find the inputs of the EA, you just right click on the chart after you have placed the EA and then you just click on Expert List and Properties. From there you can change any settings you want for the EA.

Kind Regards,
Nikos

[Anonymous]

The values are very close to the T/P and S/L.

[Anonymous]

Hey VapoChill,

I see what you mean. So, to calculate the pips, you need to know what percentage you want to risk per trade to actually set the correct pip value for T/P and S/L.

Kind Regards,
Nikos

[Anonymous]

Added two zero’s after the pip values seems about right.

[Anonymous]

Found the problem, XAG is silver, lol.

Don’t put it on a XAU/USD Gold chart.

[Anonymous]

The instruction video shows i should able to set my trading day start and end times, but i don’t have any in my prop app download files once loaded on mt5…shows no setting for this.

suggestions or direction please.  I am only interested to Trade New York open hours.

[Anonymous]

Hi, there isn’t such property in the EAs. Can you share a link to the video where you saw this and tell at which minute you saw this so I can better understand what you are looking at?

[Anonymous]

<p style=”text-align: left;”>Hi, the EAs only work with FTMO accounts?</p>
<p style=”text-align: left;”>I tried installing them on another broker, following the instructions in the YouTube video linked during checkout, but I still don’t see them in the list of EAs, and additionally, every chart shows a message that it’s turned off.</p>
<p style=”text-align: left;”>How can I fix this?</p>

[Y X]

Hey there,
I have a question about the inputs in the Prop Firm Robot. I think the [Entry lots] will be set automatically by Prop Firm Robot App, However, the account size I want to challenge is not included in the options, so I would like to know how the lot size is calculated.

[Anonymous]

Hey Y X,

If the amount that you have for your account is not included in the app, you can calculate the lot size manually by using this website:

https://www.myfxbook.com/forex-calculators/position-size

Hope this helps!

Kind Regards,
Nikos

[Kevin5716]

In your video in reference to setting up EA’s it shows a property for the time in which the EA will run, but I do not see that on mine?

[Marin Stoyanov]

Hello, what was the name of this property from the video?

[jpkan]

Hi support team and all!

I just bought the propfirm robots and I have a few initial questions at this stage

1.      I’m running in parallel two propfirm challenges on demo accounts with among others same top ranking robot (USDJPY). These two challenges use high news fiter and 0.5% risk per trade (I didn’t change any of the robots default parameters). The main differences are

·       I use two different propfirms

·       The first challenge uses MT5 and 100K account

·       the second challenge uses MT4 and 200K account

Using the USDJPY robot on both accounts I was surprised that the first USDJPY trade happened only in one account and not in the other …

any reason ?

2.      In the case I want to pass 2 challenges with the same propfirm at the same time. Let’s say one 200K challenge and one 100K challenge, What would be your recommendations please: Using the propfirm robots on challenge one and then use a copier for challenge 2 or Using the propfirm robots on each of the challenges?

3.      I’m a little bit concerned about time zone .. I live in a country with UTC +8. My PC is synched with this time zone. Provided that brokers/ propfirms are located in different countries with different time zones, is there any special procedure for setting up the robots (and/or MT4/5) in order to have the right time for the news and for the daily loss resetting time …. Also If I want to use a VPS with server located in another place ….. How does it work please ?

Many tranks in advance !

[Ilan Vardy]

Hi jpkan,

 

If you’re running 2 accounts of different sizes, you need to download each robot with the settings for that challenge. In the app, before downloading the EAs, select the appropriate settings at the top. The app will do the rest. In terms of a trade opening on one platform and not the other, this is a broker / prop firm issue.  I wouldn’t recommend a trade copier unless you’re trading on a platform other than MT. Download the EAs and place them on each chart on each platform.

You don’t need to worry about time zones. The EA will sync to the broker’s time so the news filters, etc. work correctly.

Cheers,
Ilan

[Joseph Yong]

Hi  Guys/Support,

I am about to use Prop Firm robot on a  6K or a 10K challenge with funded Next. These are the requirements of this challenge. Can someone please advise me on how to change the setting to meet these requirements?

Account Balance: $6,000 Stellar 2 phase challenge

Profit Targets:
Phase 1: 8%
Phase 2: 5%
Max Daily Loss: 5%
Max Overall Loss: 10%
Account Balance: $6000  Stellar 1 Phase challenge
Profit Target: 10%
Maximum Daily Loss: 3% ($180)
Maximum Overall Loss: 6% ($360)
Minimum Trading Days: 5
Account Balance: $10,000( Stellar lite)

Profit Targets:
Phase 1: 8%
Phase 2: 4%
Max Daily Loss: 4% ($400)
Max Overall Loss: 8% ($800)
Balance Based Drawdown
Minimum Trading Days: 5

Thanks in advance.

[eduardo caballero]

Hello admin does the EA automatically adjust lot sizes base on balance lets say I started with 100k, and my account is increasing since the EA choose the lot sizes base on my preferred  risk does it also adjust lot sizes if the account goes up or down?

[Ilan Vardy]

Hi Eduardo,

 

No, the EAs do not scale the lot sizes automatically. It works on the challenge size and risk settings you selected when downloading the EAs from the app.

 

Cheers,

Ilan

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