Home › Forums › Ready-to-use Robots › Prop Firm Robots › Prop Firm Robots: Settings and Inputs
Tagged: copy trading, Envelopes, FTMO Robot Parameters, FTMO Robot settings, Marin Stoyanov, Petko, Pip value for XAUUSD, Prop EA App, Prop Firm Robots, protection, RSquared PropEA
- This topic has 130 replies, 15 voices, and was last updated 1 week, 1 day ago by Louie Moore.
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September 22, 2023 at 23:37 #200506Dion BurroughsParticipant
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.
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September 22, 2023 at 23:50 #200524AnonymousInactive
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.
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September 25, 2023 at 11:21 #200972AnonymousInactive
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.
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September 25, 2023 at 17:46 #201107AnonymousInactive
Do you have to change the stop losses and take profits ? Or leave them as they are?
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September 26, 2023 at 15:21 #201318AnonymousInactive
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
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September 28, 2023 at 12:29 #201882AnonymousInactive
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-
September 28, 2023 at 18:10 #201937AnonymousInactive
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.
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October 4, 2023 at 0:24 #202998AnonymousInactive
Hi, i am planning to buy this robot but its not clear if it can be used for MT5! can it?
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October 4, 2023 at 0:37 #203001AnonymousInactive
Yes! You will receive two EAs, one for MT4 and one for MT5.
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October 6, 2023 at 11:54 #203399AnonymousInactive
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
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October 6, 2023 at 13:21 #203412AnonymousInactive
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.
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October 8, 2023 at 18:20 #203732AnonymousInactive
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.
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October 8, 2023 at 20:04 #203745AnonymousInactive
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:
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October 9, 2023 at 16:16 #203862AnonymousInactive
Yes, Alan answered precisely about the Trailing Stop Loss.
Regarding the Magic Number, it is available on MT4 but not on MT5.
Cheers,
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October 10, 2023 at 2:53 #203942AnonymousInactive
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.
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October 10, 2023 at 15:28 #204024AnonymousInactive
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
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October 17, 2023 at 21:25 #205283AnonymousInactive
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
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October 18, 2023 at 13:36 #205392AnonymousInactive
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.
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October 18, 2023 at 14:20 #205402AnonymousInactive
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,
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October 20, 2023 at 16:44 #205781AnonymousInactive
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
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October 20, 2023 at 16:56 #205783AnonymousInactive
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,
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October 20, 2023 at 20:09 #205808AnonymousInactive
Thank you for your answer.
I got this message on MT5 and I can open order manually but not with EA
Regards,
Aleksander
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October 20, 2023 at 20:41 #205810AnonymousInactive
Do you get the same error message for all EAs?
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October 20, 2023 at 20:51 #205814AnonymousInactive
I can’t say because I don’t use all, just three if them. They don’t open trade today.
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October 20, 2023 at 22:08 #205826AnonymousInactive
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,
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October 24, 2023 at 0:28 #206520AnonymousInactive
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.
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October 24, 2023 at 1:25 #206536AnonymousInactive
Rename the EA.
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November 8, 2023 at 8:43 #210706AnonymousInactive
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?
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November 8, 2023 at 15:48 #210808AnonymousInactive
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,
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November 8, 2023 at 23:19 #210926AnonymousInactive
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.
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November 9, 2023 at 2:13 #210954AnonymousInactive
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,
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November 9, 2023 at 4:16 #210978AnonymousInactive
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
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November 9, 2023 at 19:20 #211131AnonymousInactive
*** 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!
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November 10, 2023 at 1:02 #211208AnonymousInactive
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?
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November 10, 2023 at 9:22 #211265AnonymousInactive
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,
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November 13, 2023 at 6:22 #212122AnonymousInactive
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
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November 13, 2023 at 9:44 #212144AnonymousInactive
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,
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November 13, 2023 at 15:34 #212204AnonymousInactive
Thank you Alan, much appreciated!
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November 13, 2023 at 17:49 #212233AnonymousInactive
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?
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November 14, 2023 at 2:37 #212356AnonymousInactive
Hi Eric,
Which version of the FTMO robots are you wanting to know which robots are top performing?
Alan,
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November 14, 2023 at 2:37 #212357AnonymousInactive
Hi Eric,
Which version of the FTMO robots are you wanting to know which robots are top performing?
Alan,
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November 14, 2023 at 11:16 #212431AnonymousInactive
Hi Alan,
I’m talking about the FTMO robot, the one that Petko used to pass the FTMO challenge.
Thanks,
Eric.
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November 14, 2023 at 12:56 #212453AnonymousInactive
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November 14, 2023 at 14:30 #212476AnonymousInactive
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?
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November 14, 2023 at 15:21 #212486AnonymousInactive
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,
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November 14, 2023 at 16:04 #212505AnonymousInactive
Hi Alan,
Very nice idea, thanks for sharing!
Do you know how many acct I can use if I purchase the “FTMO ROBOT” ?
Eric
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November 14, 2023 at 16:13 #212510AnonymousInactive
Hi Eric,
As many as you like :o)
Alan,
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November 14, 2023 at 17:01 #212518AnonymousInactive
Hi Alan,
Thanks for the info. :)
Eric
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November 16, 2023 at 14:42 #213492AnonymousInactive
Hi there,
Can I use an account with a 1:1000 leverage?
Thank you
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November 17, 2023 at 5:59 #213705AnonymousInactive
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.
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November 17, 2023 at 6:01 #213707AnonymousInactive
I don’t see anything wrong here. Maybe it comes from the broker? Who is it?
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November 17, 2023 at 6:05 #213708AnonymousInactive
NovaFunding
broker
ForeignExchangeClearingHouse-Live
previously with default settings bots was taking trades until I made these tweaks into it. Then it stops
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November 17, 2023 at 6:11 #213709AnonymousInactive
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
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November 17, 2023 at 7:25 #213718AnonymousInactive
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. -
November 17, 2023 at 7:27 #213720AnonymousInactive
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
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November 17, 2023 at 10:33 #213761AnonymousInactive
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,
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December 14, 2023 at 11:11 #220690AnonymousInactive
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-
January 2, 2024 at 21:11 #224132AnonymousInactive
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.
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December 28, 2023 at 6:35 #223130AnonymousInactive
Does anyone limit the number of open positions that open at one time?
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January 2, 2024 at 22:52 #224147AnonymousInactive
<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> -
January 31, 2024 at 15:25 #231034AnonymousInactive
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)
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January 31, 2024 at 17:50 #231080AnonymousInactive
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,
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February 2, 2024 at 22:41 #231746AnonymousInactive
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! 😊
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February 2, 2024 at 23:07 #231754AnonymousInactive
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,
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February 9, 2024 at 5:31 #233303AnonymousInactive
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.
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February 9, 2024 at 13:02 #233371AnonymousInactive
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,
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March 8, 2024 at 14:02 #240396AnonymousInactive
Hi how can i chane unique numbers on ftmo challenge on mt5
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March 8, 2024 at 15:00 #240410AnonymousInactive
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,
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March 28, 2024 at 13:11 #244918AnonymousInactive
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
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March 29, 2024 at 11:40 #245135AnonymousInactive
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,
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April 3, 2024 at 13:39 #246243AnonymousInactive
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
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April 3, 2024 at 13:40 #246265AnonymousInactive
Hi Ross,
There are no error in the Journal and I have looked at all your images. The robots are set up correctly.
Alan,
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April 3, 2024 at 16:51 #246305AnonymousInactive
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?
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April 3, 2024 at 17:21 #246318AnonymousInactive
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>
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,
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April 13, 2024 at 12:16 #248394AnonymousInactive
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
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April 13, 2024 at 12:27 #248397AnonymousInactive
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,
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April 18, 2024 at 11:08 #249627AnonymousInactive
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?
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April 18, 2024 at 13:24 #249665AnonymousInactive
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
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April 25, 2024 at 14:31 #251481AnonymousInactive
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> -
May 1, 2024 at 22:37 #252728AnonymousInactive
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.
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May 2, 2024 at 11:44 #252807AnonymousInactive
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,
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May 11, 2024 at 22:36 #254572AnonymousInactive
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.
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May 16, 2024 at 9:47 #255275AnonymousInactive
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
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May 30, 2024 at 18:08 #258506AnonymousInactive
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?
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June 1, 2024 at 0:46 #258848AnonymousInactive
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?
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June 3, 2024 at 12:02 #259287AnonymousInactive
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 -
June 4, 2024 at 1:55 #259423AnonymousInactive
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?
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June 5, 2024 at 23:16 #259809AnonymousInactive
Is it better to use 1 Prop App EA per challenge or to use multiple of them at once?
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June 6, 2024 at 9:44 #259888NIKOS KYRIAKOUParticipant
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 -
June 6, 2024 at 10:09 #259897NIKOS KYRIAKOUParticipant
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 -
June 6, 2024 at 11:12 #259918AnonymousInactive
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
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June 6, 2024 at 13:15 #259952Marin StoyanovKeymaster
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.
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June 21, 2024 at 22:09 #262369AnonymousInactive
What is the right Pips value for XAUUSD ?
Default setting don’t work on Eightcap.
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June 22, 2024 at 18:11 #262499AnonymousInactive
Sorry, it’s on FTMO mt5.
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June 24, 2024 at 12:04 #262782AnonymousInactive
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 -
June 26, 2024 at 18:43 #263298AnonymousInactive
The values are very close to the T/P and S/L.
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June 27, 2024 at 11:00 #263403AnonymousInactive
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
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June 27, 2024 at 13:12 #263419AnonymousInactive
Added two zero’s after the pip values seems about right.
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July 1, 2024 at 20:21 #266011AnonymousInactive
Found the problem, XAG is silver, lol.
Don’t put it on a XAU/USD Gold chart.
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July 4, 2024 at 22:32 #267893AnonymousInactive
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.
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July 12, 2024 at 14:26 #269849AnonymousInactive
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?
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July 15, 2024 at 21:21 #270444AnonymousInactive
<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>
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July 31, 2024 at 4:32 #273111Y XParticipant
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.-
July 31, 2024 at 12:01 #273168AnonymousInactive
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
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August 14, 2024 at 2:11 #278869Kevin5716Participant
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?
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August 14, 2024 at 17:12 #279623Marin StoyanovKeymaster
Hello, what was the name of this property from the video?
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September 26, 2024 at 5:18 #312223jpkanParticipant
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 !
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September 26, 2024 at 17:17 #312319Ilan VardyKeymaster
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-
December 3, 2024 at 21:25 #382144Louie MooreParticipant
Hi Ilan, what is the News Filter website link to use?
Thanks, Lou
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October 1, 2024 at 0:07 #313078Joseph YongParticipant
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: 5Thanks in advance.
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October 3, 2024 at 17:30 #313569eduardo caballeroParticipant
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?
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October 4, 2024 at 15:41 #313756Ilan VardyKeymaster
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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November 13, 2024 at 10:41 #377618Cristian NembriniParticipant
Hi! Can you help me understand the meaning of this message on the dashboard? If I set the dashboard to 1 month, I see the profit of the month in the table and above it “out of sample profit” with another profit and a different number of open trades.
What does it mean? -
November 13, 2024 at 11:01 #377623Juan GuiraoParticipant
Out-of-sample profit means this is the profit result obtained by the EA with new price data, which the EA had never seen before.
The EA is optimized with “in-sample” price data, up to a certain date. Beyond the end of the in-sample period, we are dealing with “future” or live price action, which was not used to optimize the EA.
The out-of-sample performance is an indication (but not a guarantee) of potential future performance.
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November 17, 2024 at 21:15 #378759Cristian NembriniParticipant
Hi, I would like to understand if it is a display problem or something else. I attach 3 screen shots with low medium and high risk on the annual backtests and as you can see the drawdown value does not change
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November 19, 2024 at 14:37 #379123Marin StoyanovKeymaster
You can read the documentation about this metric here.
Or take a look at this blog post where Petko explained the Out-of-Sample in EA Studio. The logic is the same here in the app.
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November 19, 2024 at 14:49 #379135Marin StoyanovKeymaster
Hi, this is not a problem. It’s normal to be like this since the Drawdown shows the maximum drawdown experienced during the trading period, representing the peak-to-trough decline in account balance.
The risk per trade has impact on the lots traded, respectively on the Stop Loss value. The higher the risk is (means you invest higher volume or more lots) the higher the potential loss can be but
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November 21, 2024 at 11:36 #379554Cristian NembriniParticipant
Sorry, but I don’t agree and I’ll show you why…
So why does the profit change but not the DD?
If I do 3 backtests with 3 different risks I will have 3 different DD and 3 different profit values.
I attach a screenshot with backtests done on USDJPY by downloading exactly your files without modifying anything.Please explain to me why in the backtests both profit and loss change, while in the table of your dashboard they do not.
Thanks
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November 20, 2024 at 17:52 #379412Bob GalParticipant
Hey Guys,
Ive been testing out the Prop Robot on an FTMO Demo Account.
Ive been hit with some massive DD mainly with JPY pairs. I first selectted the top 10 EAs and then only top 5 EAs. I downloaded the updated and installed the EAs every sunday.
Its a 200k FTMO demo challange with a profit target of 10% I hit around +/- 7.5% twice and then only to loose it all again.
Im posting a screenshoot of my history, has any member actelly passed a challange and managed to keep it with these EAs, if there are any tips one could shear I would apprecate it.
Looking forward to any responce of advice and ppl suffering the same experance.
Thank you in advance.
Regards
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November 20, 2024 at 19:00 #379426DouglasParticipant
Hi Bob, yes, I started a 100K challenge this week, and the same here — I selected top-performing EAs that were shown in the 1-month and 1-year performances. However, I have experienced massive daily drawdowns. I would be keen to hear further thoughts from the community and team.
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November 20, 2024 at 19:32 #379429DouglasParticipant
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November 20, 2024 at 21:05 #379447Konstantinos BorsisParticipant
Hey guys hope you are well. There are a few traders here that have passed but havent seen much results or trades or settings etc.
I also have tried many times to reach out to EATA for some guidance with settings for the EAs that actually passed as per Petko’s videos, as indeed they are promising. However, ach trader is very different in many ways and a simple default guide on settings would be nice not as a manual but mostly as a hands on experience tips on what they used and worked for them (which pairs, how many, did they use spread limit and if so what, any special settings for news, did they change any indicators settings, or SL/TP, is there a trailing feature hard coded to some of the EAs and if so which of them and is that adjustable – i had USDJPY and EURBGP if i remember correctly modifying open positions moving SL and didnt know what was going on).
There is some DD lately after “America was great again”… especially with high volatility pairs. But not sure if the EAs are better optimised so far, as maybe new pairs need to be added to move away from USD as much as possible for the next couple weeks (humble opinion). And to be fair all DD is absolutely normal and expected in trading. It is how we manage it that makes a difference.
Personally i have rmeoved all the EAs from my challenges to a demo 50k for stress testing, as they were hitting SL one after thee other, and optimised my settings on the Prop App to produce EAs based on profit factor and selected those with either the lowest DD or the most smooth equity/balance progression i could find or both (rare). As you can see in the graphs of the EAs in the App, any drops above 500$-1000$ can potentially be dangerous even at 1% risk. And this is because, in order to increase the number of trades and move the challenges faster (which should be the goal) we were told to choose the 5 best performers to trade with. The 1% risk of each trade each EA might open even if it is not at the same time, during the day will end up risking more than 1%. For example, as we speak i have a XAGUSD opened an hour ago at DD of -207 (went about -260 at some point) and while waiting on that a USDJPY opened and is in DD as well by -39. Now, i know that for 50k we should be ok up to 2500 daily (although this is not meant to be hit). Which means, that if the rest of the 3 pairs open more trades while the open ones go deeper in DD then the chances to hit EP increase. And yes we wont lose the account, but we would then need to trust the same process all over to get us from 47500 to 55000 which now transformed our 10% target of 5000 to 15% of 7500…and that’s when hopefully all the trades until then are winners and the same DD wont happen again. Which means in order to be able to recover we would need either to close any big loosing trades sooner or decide and calculate 1-3 max EAs on our set up as this should be safer. See, it might go slower but you wont get slap after slap after slap. And all the slaps will not be as loud.
It would very much help if we had faster and more frequent responses from EATA support and/or Petko directly in a channel or group, where all the traders could exchange ideas and settings so we can help each other. It would also be amazing if we had free additional indication monitoring tools to check the trend and bias on each chart so we can have a better understanding on how to intervene if we need to. It would also be amazing if we had further criteria in the Prop App when selecting the EAs such as which EA actually passed which size challenge, which settings where used and how long did it take as brief profile update on each EA.
Finally to be 100% fair and transparent, i have bought the yearly subscription of the FTMO Prop EAs and i know these strategies work and can bring results as seen in Petkos videos. So i have plenty of time to test their behaviour and set ups before i put them on a challenge again. I trust the process and the settings as generated and leave all of them as is. The only things i tweak a bit is the lot size, or spread, and maybe the account protection (daily loss, max equity, etc). However it would be great help if we had access to look the settings of successful fellow traders that passed and had maybe pay outs as well or even better Petkos full settings parameters.
So not giving up, rather taking a step back to see the bigger picture and try different things before i risk accounts again.
Apologies for the long comment :-).
Cheers, K.
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November 21, 2024 at 17:38 #379610Bob GalParticipant
Hello Konstantino,
Thank you for your detailed responce you have made some very valid points that I agree with.
Like you its the JYP pairs that have hit me the hardest, I have removed JYP EAs from my trading account.
Ill send an email to support maybe we can get a responce from support.
Regards
Bob
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November 22, 2024 at 8:37 #379709DouglasParticipant
Something is wrong, as my account this week has almost been wiped out! Thanks for sharing Cristian …
Looking forward to hearing the responce !!!
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November 23, 2024 at 22:36 #379991vindleParticipant
Hi! I’m noticing in the Prop Firms Robot App the Drawdown does not change when you change the Risk Level between Low, Medium and High. What level of risk is used for the drawdown calculation, so that I can adjust accordingly?
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November 24, 2024 at 11:32 #380070Cristian NembriniParticipant
Hi Vindle, I reported the same thing and am waiting for the response from @Marin Stoyanov
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November 25, 2024 at 10:30 #380215Sand0rParticipant
Same here!
I am using the prop firm robots app since more than 3 months.
My best aproach was to use the 3-5 best performing robots per Week (e.g. FX only).
This went really well for a couple of months and I also passed the first phases of prop firms.
Here’s the catch: Since 2 Weeks there are massive draw downs and no profits..
Is there anything broken with the app ?
Best,
Sandor
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November 25, 2024 at 10:38 #380216Sand0rParticipant
Hi everyone,
I am using the prop firm robots app since more than 3 months.
My best aproach was to use the 3-5 best performing robots per Week (e.g. FX only) and exchange them on a daily basis if they had 2 consequtive losses.
This went really well for the past months and I also passed the first phases of prop firms (5%ers and FTMO).
Here’s the catch: Since 2 Weeks there are massive draw downs and no profits.. I am about the loose my accounts.
Is there anything broken with the app ?
Best,
Sandor
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November 29, 2024 at 15:54 #381246Marin StoyanovKeymaster
Hi, I already replied to this here.
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