Tagged: ftmo robot passed challenges
October 26, 2023 at 11:14 #207295
I’m happy to share with you that I passed 2 Prop Firm challenges with the FTMO Robot in the last 2 weeks!
In the first challenge, I used the Top Performer from the 7 FTMO Robots. Once I reached 2%, I increased the entry lots to 3. You can see the statistics for all trades in the account.
I used the Top 3 EAs in the second challenge without changing the lot size. Have a look at the statistics from the account.
The second account is with time limit so the target is 8%. Surprisingly the Prop Firm marked it as Passed at 7.99%! 🙂
I also recorded a video about it, and it will be published tomorrow – Friday the 26th of October.
October 26, 2023 at 11:49 #207299Cristian NembriniParticipant
Wow congratulations! Can I ask you about the time settings of the bots? 1-23 by default? Or did you modify them?
October 28, 2023 at 14:08 #207946
Yes, I use the default settings. I did not change anything.
October 26, 2023 at 13:00 #207321
Hello Petko, I started a thread yesterday regarding the fact my FTMO bots have not triggered any trades in 7 trading days now & seems like others have triggered entries during the same time. Any idea as to why that may be??
October 26, 2023 at 19:31 #207412
Can you provide a screenshot of your MT4 including your EA properties?
What broker are you using?
Does your broker allow trading with EAs?
October 26, 2023 at 20:52 #207426
All data bars from M1 & M30 was loaded first,
Ive used 3 separate MT4 terminals,
Tried 2 different demo accounts,
Tried 3 different Brokers (Eightcap, Foreign Clearing House, Oanda)
Auto Trading is ON, (both in the options and on the main interface window)
MT4 terminal is functional as I have other EA’s that enter trades,
The MT4’s smiley face confirmation is active on all the FTMO Robot pair windows
No errors in the Expert section of MT4
Acc sizes: 10,000k & 100,000k
October 26, 2023 at 20:53 #207427
October 27, 2023 at 12:15 #207609
I don’t see anything that could be stopping the EA from taking trades. Let me know if you still have not had any trades and I will alert Petko!
October 27, 2023 at 16:40 #207676
Apreciate your responce Alan. I can confirm that the EA’s are still live on MT4 using an Eight-cap demo acc, but still to date ‘zero’ trades have been entered!
October 27, 2023 at 16:55 #207691
Petko has been alerted!
October 27, 2023 at 17:39 #207703
Thanks for your help, much appreciated..
October 28, 2023 at 17:08 #207988
What comes to my mind is that you have low leverage, and there was not enough margin to open the trades?
Second, check if your broker has different suffixes for the symbols. Some might not be eligible for EAs.
Let me know.
October 28, 2023 at 17:38 #207997
Hello Petko, the current broker account is EightCap using 100:1 leverage
and there are no additional symbol suffixes.
All 7 EA’s are being tracked currently, & I also have attempted to track them with Foreign Clearing House & Oanda demo accounts.
October 28, 2023 at 17:11 #207989
If you check the trades in the reports, you will see that I traded the GBPCAD at the beginning of the week. At the end of the week, the AUDNZD was the profitable one.
So you need to track the 7 EAs and see which is the best one at any moment.
October 28, 2023 at 17:44 #208000
Glad to hear there was profitability on your side this week, unfortunately I have only radio silence with these EA’s for some reason. I’d love to rectify that.
October 28, 2023 at 18:23 #208010
I have a few of ideas. 1. In the EA properties box reduce all four of the first four lines from 1.0 to 0.01 to see if you now start to get trades. 2. Start a 200K FTMO demo swing trade account and add all 7 EAs. I know the EAs will work there. This way you can start tracking which EAs are performing the best in the current market environment while you continue to resolve the issues with the other brokers. 3. Contact each broker and make sure they allow EAs. 4. Give me access to your computer so I can make sure everything is setup properly.
October 28, 2023 at 19:41 #208026
Hello Alan, I had already tried 0.01 lot size on one of the other accounts I was tracking, but still there were no entries.
The 3 brokers I have tried definitely allow EA’s because I use them regularly to trade many different EA’s on all my accounts, (demo & live).
Always I have other EA’s along side Petkos FTMO bot, (to verify MT4 functionality) and they trigger entries as normal.
For example this last week on the same account, I put an EA trading XAU/USD along with it, and as you can see that one made many entries;
Im not sure what else I can try, last week I deleted all my other MT4 terminals except this current EightCap one, to make sure there was no issues with conflicting terminals.
This next trading week I will reinstall the separate terminals again with different brokers and test them with smaller lot sizes only.
Very confusing why it doesn’t work for me.
October 28, 2023 at 19:48 #208028
Re: suggestion 4.
If someone can email me through EA Trading Academy, I can give you temporary access to my VPS where you can asess the situation.
October 26, 2023 at 17:16 #207380
Leverage 1:30, meaning you opted for FTMO Swing accounts?
October 28, 2023 at 2:12 #207838
Great job! I was running the GBPCAD also and it was losing multiple trades, so I shut it down. I’m using the V4.3 on 1M
I would love to get it working like yours. Any help is greatly appreciated.
October 28, 2023 at 2:14 #207839
October 29, 2023 at 3:07 #208109
Before I ask my question, I want to thank you. In demo mode, the 7 EA’s have performed so well since October 11 that is up 12.5%. That is 17 days.
Before I start the FTMO evaluation, I have a question.
Once I ran all 7 bots, how many days going backwards do I use to identify the top performer? 2 days, 1 week, 2 weeks?
My biggest fear is for the currency pair to start having a red streak after 12 trades with an 80-90% win rate. Any light you could shed on this would be of great help as I know you have come across this concern in the past.
Thank you Petko.
October 29, 2023 at 11:36 #208171
I would wait 1 week to identify the top performer. You can change the amount of time to see what works best for you.
There will always be periods of profits and periods of losses. There are many strategies that can be used to minimize losses so that over the long term the account will be profitable. One strategy is to have several Expert Advisors trading. When one EA is going through a period of drawdown the other EAs may be going through periods of profits. Another strategy is to have a demo account of the 7 EAs and only move the Top performer to a live account or maybe the top 3 performers. Then once each week (you can change this time to see what works best for you) review the demo account and move the top performers to the live account.
Hope this helps!
October 30, 2023 at 17:32 #208472
Thank you Alan, much appreciated!
October 29, 2023 at 3:13 #208106
I just purchased the bot.
Is the 30 TF the best one to use?
Well done on passing the challenges.
My intention is to start low, $10k on the Funded Trader perhaps, and work my way up.
October 30, 2023 at 4:16 #208359
Gonna start the challenge on a 25K Swing account tomorrow! I’m excited
October 30, 2023 at 23:50 #208551
I have started testing on a 200k demo account (Alpha Capital Group). So far, hardly any draw-down and 3k up.
I will give it a week and then test on a 1ok account and may go for a 10k funded account with The Funded Trader.
Slow and steady wins the race.
October 31, 2023 at 1:25 #208566
Thank you! Good luck to you too!!
Meanwhile, you can check how it’s going here: https://www.myfxbook.com/members/0xBitpool/ftmo-challenge-25k-top-3/10505789
November 1, 2023 at 22:07 #209054
Looking good! Can you share your setting? I was looking at your trades and they are taking trades differently than mine.
Thanks for your time.
November 1, 2023 at 22:16 #209058
So for FTMO, 25K on a swing account, here are my settings (example for EURUSD)
October 31, 2023 at 22:47 #208788PARVEEN PANCHALParticipant
I purchased the FTMO robots a month ago and it passed the FTMO 50k DEMO challenge with all 7 EAs. Now I am enrolled in 100k real challenge and in last 12 days, it is up by 1.1 %. I still have my demo accounts to monitor which are the top EAs in last one week and based on that I am using top 3 EAs GBPCAD, EURUSD and AUDNZD in my real FTMO challenge:
1) In 100k challenge, I am trading 3 pairs with 1 lot size , it that okay or should I change any settings/lot size? I am trading EA as is.
2)If I manually close any trade or manually open any trade, does it affect the EA settings or how EA trade?
3) Sometimes I see trade reverse and I tend to manually change it, should I do it or leave the EA as is? Of course that going in contrast of automatic trading. In long term, I want to trust the EA and trade automatically.
4) How to calculate the % of account size with lot size? How much account size I am risking per lot?
November 1, 2023 at 22:50 #209069
Answer 1) Trading 3 pairs with 1 lot for each pair yields an account risk of 2%. This is OK.
Answer 2) Manually closing a trade does not affect the EA. It will continue to function normally.
Answer 3) If you are going to trade with EA’s then you need to have faith in them and not be changing their parameters or manually close the trades. Having said that I will manually close a trade if it is close to the TP and I see it is starting to reverse directions. This is the only time I will close a trade.
Answer 4) Use a calculator to set lot size, etc. https://www.babypips.com/tools/position-size-calculator
November 2, 2023 at 1:12 #209084
Is there anything that I need to do before attaching the FTMO bot on to its required pairs in MT5?
I noted that Alan said to download previous data prior to attaching? I think I have done this correctly.
Any additional advice would be great.
November 2, 2023 at 11:53 #209181
Good luck with your challenge, and just be aware of your risk! Keep us posted as to how it goes.
November 15, 2023 at 6:53 #212640Dianah NankundaParticipant
What do you mean by previous data? I have not heard about it and I am curious
November 2, 2023 at 13:04 #209192
Not going so good at the moment unfortunately but it is early days and need to give it a chance. Trading is difficult and will always fluctuate up and down. It is what it is.
Is the bot purely a plug and play bot?
November 2, 2023 at 15:09 #209222
The only thing you need to change would be the first four lines in the EA Properties box based upon your account size.
The following is the recommended lot sizes based upon a 10K account which limits risk to 1%:
Amount for a new position = 0.3 lots
Maximum position amount = 0.3 lots
Amount to add on addition = 0.3 lots
Amount to close on reduction = 0.3 lots
* For larger accounts simply scale the lot sizes.
November 2, 2023 at 15:34 #209231
Will keep you updated on how it goes!
November 2, 2023 at 13:05 #209194Rick JägerParticipant
Hey, I just wanted to start my first ftmo challenge with this bot. I have 2 questions:
1. I live in germany, with eur as currency. Do I have to choose EUR or USD as currency when I want to start ftmo?
2. I have to take the swing account, Right?
November 2, 2023 at 16:12 #209245
Answer 1) It is up to you as to whether you should choose EUR or USD. However, since you are in Germany EUR might be your better choice.
Answer 2) Yes, use the swing account!
November 4, 2023 at 5:52 #209584joko supriyadiParticipant
In my opinion both of your strategies is dangerous. The scale up one is dangerous if you don’t monitor it all the time if consecutive loss happened, it will violate 5% daily limit. The three top performers EA will be dangerous too, your DD is close to 5%, and it’s just lucky not violate it.
November 4, 2023 at 15:58 #209691
I appreciate your feedback!
True, but one should not use the scaling-up method if one can’t monitor the trades. I decided to use the scaling-up system only when I am around the monitor.
About the second one, it depends on your risk tolerance. It’s not luck. I’ve done plenty of tests with the EAs and the lot size to calculate that the chances of passing the challenge and not violating the rules are huge. If that ”risk” is too much for one one, it’s just a matter of lowering the lots.
November 6, 2023 at 17:40 #210269
Thank you for all that you guys do.
I have 3 questions.
1. If I am closely following EURUSD and have decided to use it for an evaluation, how do you decide when is the best moment to begin using the scaling plan? After seeing 1, 2 or 3 red trades or is it based on a different criteria?
2. I would like to ask if soon there will be a way to create a script to automatically trade with the same number of lots if the current trade is a loser, but if the current trade is a winner, to automatically add “X” number of lots before placing the next trade.
3. I am considering purchasing the TOP 10 Forex robots and would like to confirm if they are all a 1:2 loss/win ratio to use the scaling plan to pass a challenge.
November 6, 2023 at 20:55 #210319
answer 1: This is explained in the cheat sheet you can download from the FTMO course, However, I will explain how I would use the scaling plan for a 10K account. When I would start the challenge I would start with a lot size of 9.3 lots. Once I have $300 profit I would increase the lot size to 0.9 so that the next time the EA entered a trade it would trade with a lot size of 0.9 lots. Then once the account reached a profit of $900 I could increase the lot size to 2.7 lots. The idea about how much to scale up is so that if the EA hit the SL the account would be reduced to would not exceed the daily amount of 5%.
answer 2: This IS done by how you set up the first 4 lines in the FTMO EA properties.
answer 3: The TOP 10 Forex robots do not adhere to the 1:2 loss/win ratio.
November 7, 2023 at 16:14 #210490
Thank you Alan, your answers are very helpful and much appreciated.
November 7, 2023 at 3:52 #210386joko supriyadiParticipant
In one of your account you use Forexpropfirm and its leverage is 1:30. In your opinion for the one shoot/entry not martingle, is it always enough?
November 7, 2023 at 11:40 #210449
Leverage of 1:30 is sufficient to pass the FTMO challenge.
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