FTMO Robot - How to get the Update?

Tagged: Ftmo ea update, Live Account

This topic has 7 replies, 2 voices, and was last updated 2 weeks, 1 day ago by Alan Northam.

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- November 9, 2023 at 13:59 #213215
  
  ZEROHUNTER
  Participant
  
  I’ve already purchased the version 4.3 two weeks ago how can I get the version 5 one?
- November 9, 2023 at 13:59 #211054
  
  Nicholas Grobler
  Participant
  
  Hello All
  
  I just bought the FTMO EA, busy with the setup. Very much looking forward to this process, being that I have failed two previous evaluations with other prop firms…the journey of trading is not an easy one 🙂
  
  Quick question though. Once the challenge has been passed, can I continue with the EA’s on my live (funded) account as well?
- November 9, 2023 at 15:33 #211072
  
  dusktrader
  Participant
  
  I think the answer is “yes” since you are in control of using these EAs. I am still testing the FTMO Robot(s) but if they perform well, I don’t see any reason why I wouldn’t continue using them even after passing a challenge.
- November 9, 2023 at 16:14 #211074
  
  Alan Northam
  Moderator
  
  Hi Nicholas,
  
  Yes, once you are funded you can continue to use the EA. Keep in mind however, there will be periods of profit and periods of drawdowns. Over the long term however the EA should be profitable. As to how long the EA will continue to be profitable over the long term is an unknown. To reduce the risk of the EA turning unprofitable over the longer term Peko updates the EA from time to time. It is then up to you if you want to switch to the updated EAs or continue to use the existing EA.
  
  Alan,
- November 14, 2023 at 16:48 #212515
  
  Kevin Pardo
  Participant
  
  I only installed yesterday, but I notice that the relatively far SL/TP numbers mean that some trades may be open for long periods of time. You might want to use FTMO swing account for this if going FTMO route.
  
  On another note, thanks to the CPI news this morning my trial that I started yesterday already surpassed the 5% lol. But this really means nothing; if the news had been the other way then I would have hit a few stoplosses
  - November 14, 2023 at 17:16 #212521
    
    Alan Northam
    Moderator
    
    Hi Kevin,
    
    The FTMO swing accounts are the way to go!
    
    The fact that the CPI news caused your demo account to surpass the 5% level tells me you are taking too much risk. Like you say, if the CPI went the other way, or your trade was in the opposite direction it could have caused you to get locked out for the rest of the day.
    
    Alan,
  - November 15, 2023 at 4:22 #212621
    
    Kevin Pardo
    Participant
    
    Thanks Alan, however this was just a demo free trial with standard set files attached. Running all 7 EAs as instructed.
    
    CPI was pretty crazy today.
- November 16, 2023 at 6:12 #213341
  
  Alan Northam
  Moderator
  
  You should receive an email with link to v5.0. If you do not receive an email then email support.
  
  Alan,
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