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I have multiple funded accounts and I am wondering if it is possible to add the robot to all. Besides that, is it possible to trade by yourself and not interfere with the bot?
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Can we use EA to make profit after passing phase 1 and phase 2.
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Hey Janan,
The EAs has no limiatons at all. You can trade with it on funded account after the challenge or you can trade it on regular Forex account.
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I don’t have much data forward test for the last week, because it opened very less trades, only few. That’s why I can’t tell which pairs are the top performance at this moment, this current market. So anyone can share the top 3 please. Thank you very much
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Hi all,
Three days ago I installed the 7 FTMO EA’s and didn’t change the settings and the lot size has stayed the same which is 1. I have been losing (-700.00) with 0ne or two wins. I also had a -1,117 hit to my account because the EA opened GBPCAD and didn’t leave a stop lose so this trade is red. My question is: Should I stop using the EA’s, Should I make some changes, or Should I increase the lots size from 1 to ?. This is a prop account and I was positive before the EA’s, so I have some room to turn things around. Thanks for the help,
Chris
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Hey Chris,
Glad to hear from you.
1. I updated the FTMO Robot with 7 versions, but this does not mean you have to trade all of them in 1 account but select which one you want to use. For example, you can put them all in one trial and follow the results. Check which ones bring the most profits and use it on your Challange or Funded account.
For example, here are all my recent trades where I am testing the 7 EAs (arranged by comments/magic numbers)
2. Then, what I would do is connect the account with FXBlue and see which EAs are most profitable:
In this case, I have 4 that bring profits in current market conditions. So I can pick 1 or 2 that I would trade on my challenge or FTMO-funded account.
At the moment the FTMO Robot for EURNZD is the top performer.
And I always combine with the scaling-up system I show in the FTMO Course.
3. All the EAs have SL, check the first screenshot.
But that is what I would do. It doesn’t mean you have to do it the same way. :)
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Hi,
Is the EURNZD still the best performer?
Thanks,
Janek -
Hey Janek,
In the last few days of the week, it was the EURAUD. I recorded a video showing exactly how I manage it:
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Hi Petko,
Thank you for creating the video and answering here :)
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Hey Janek,
I appreciate it! I am going to add this video to the course since it turned out to be valuable indeed!
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Hi
Has anyone already completed another FTMO challenge (notably Nova Funding) with the bot?
Are we sure the bot is difficult to detect on Nova? -
Hi all,
These 7 bots have different Risk to Reward Ratios. Is that correct? The default EA’s when loaded?
AUDNZD 1 to 0.5
EURAUD 1 to 0.56
EURCAD 1 to 0.41
EURNZD 1 to 1.5
GBPAUD 1 to 1.85
GBPCAD 1 to 0.83
NZDJPY 1 to 0.44
Or do I need to change the RR to a 1 to 2 or 1 to 3?
Thanks
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Sorry to add, I’d these RR’s are correct I would need to modify my Lot sizes so that the max lot size is 1%?
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I think what you are wanting to do is to limit the risk of account loss to 1%. This is done by a calculation based upon the account size, risk in percent, and the Stop Loss. All the EAs have their individual SL set to the required number of pips to equal an account loss of 1% so you do not need to change anything. All you need to do is set the lot size based upon your account size as follows:
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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Hello there ,
as I’m watching the ftmo course I came across were Petko was talking about the Forex profit supreme meter .. and I downloaded it from below the video and applied it to my chart but for some reason it’s doesn’t look exactly as shown on Petko’s screen .. The pair names don’t show in full so I can’t read the pair name and also, it’s on top of the of the meter on the left .. please take a look at how it looks on my screen .. I’m attaching both screens how it’s on my screen and how it should be like Petko’s screen … any suggestion why this is happening or how can I fix this ? please note that i looked under the colors tab in the idicator settings and i see nothis to change font size. any one know how to solve this ?
Regards,
Mqjdi -
I just downloaded it and installed the exe file in the indicator folder. I then loaded it onto a chart and it looks normal. Maybe delete it and reinstall and see if it looks correct.
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Hello Alan,
I downloaded the FPS indicators again .. and i placed them on my charts in three different mt4 brokers .. the same issue is still here .. it’s still exactly as the image i attached earlier. im not sure how to fix this or what is causing this .. but i currently cant see the full pair symbols :(
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Hello all,
what are the settings for the Moving averages? the three lines that Petko uses in his videos in the ftmo course.. exponential , smoothed, simple, linear .. Which one are they ? Can you please share the settings for the 3 MA used please ?
Regards,
Majdi -
It looks like you are using MT4 so that isn’t the problem.
I wonder if you are installing the correct file?
https://fxprosystems.com/forex-profit-supreme/
Install as an indicator.
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Alan,
I tried the link you shared but when I downloaded the files the .rar file was blocked by Microsoft as a security concern.
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The link on this website to download the Forex profit supreme meter indicator, seems to work:
Best-MetaTrader-Indicators.com
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Yes, that’s exactly what im doing .. find attached the indicator im attaching
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this is also the indicator folder
still showing the same results !!
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It must have something to do with the MT4 terminal. I would download a new copy of MT4 from your broker and install it. Then install the indicator and see what happens.
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Hi Majdi,
Can you please refer me to the lecture or lectures where the MA is being discussed so I can review them. That way I would be able to answer your question, thanks?
Alan,
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Hi,
If I buy the ftmo robots at this course https://eatradingacademy.com/premium-robots/ftmo-robot/
can I pass ftmo with it following the swapping in and out to market conditions?
Or do I still need to take the course here https://eatradingacademy.com/courses/ftmo/ftmo-challenge-course/
i am not much of a trader myself so if the ftmo robots with the swapping in and out would suffice, that would be great.
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Hi Magiangelic,
You do not need to take the course, however, it is recommended to learn how the EAs work, how to adjust its parameters, and how to select the best ones for trading.
Kind Regards,
Alan -
i tried that too on a new mt4 installation .. i also tried 3 different mt4 brokers .. and i also tried a totaly different laptop with a new mt4 installation and the same issue still exists .. lol .. im out of options here .. i really dont know what else to do .. this is an integral part of ftmo course .. the first step is to use the indactor to identify the power of currency pairs i should be trading .. as of now i cant seem to do that with not being ablke to see the symbol of the currency or cofirm it.
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Hi Majdi,
I don’t know what else to suggest either. I have tried to simulate your problem but cannot make my PC act like what you are seeing when I install the indicator. When I install the ForexProfitSupremeMeter it works normally as I have shown above in an earlier post. I will contact Petko about this issue and see if he has any other suggestions.
Alan,
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Hi Majdi,
You only need the ForexProfitSupreme Meter if you are going to manually trade an FTMO account. If you are going to auto-trade then you can skip down to the auto-trading section. Auto-trading does not require the ForexProfitSupreme Meter.
Alan,
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Hi Majdi,
Try the following:
Close MT4:
– From File Explorer, right-click on the MT4 terminal file.
– Select Properties.
– Go to the Compatibility menu.
– Click on ‘Change high DPI settings’ near the bottom.
– Check the box in the area that says ‘High DPI scaling override’. ‘Override high DPI scaling behavior.’
– Select ‘System (Enhanced)’ as the response to ‘Scaling performed by:’
– Click OK, then Apply.
– Take a look at the indicator again in MT4, and hopefully this will work.
Alan,
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sure i will look for them and post back here
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the 3 ma showen here .. which method do they use ? i asume it’s either Smoothe or Simple because it says SMA .. but which one is it ?
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Simple moving average!
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also here in this lecture .. the moving average used on m1 chart .. petko mentions it’s 20 moving average .. but again which method of moving average is it ?
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Simple moving average!
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Helloo….i have a question…if everyone is using same EA on same TF then everyone must be getting same results while using recommended settings and lot sizes.. soo isn’t is possible if anyone tells here which EA is mostly profitable..it might save alot of time of others and secondly As Petko said in his video that metatrader backtesting results are not so precise soo forward test it for best results…soo many of traders might have forward tested it on demo or live accounts…soo can anyone share results here?
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Hey Alan,
I had the same problem as the original poster. I tried what you had written above and it worked!
Thanks for providing the solution.
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Hi Steven,
I am happy to hear the solution worked for you and you can use the Forex profit supreme meter.
Alan,
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can i use 2 robot same time for eur/usd , and I’ve been waiting all day, but nothing has happened
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You should be able to use 2 robots, as long as they are on different charts. Depending on the strategies, it can take some time before they make their first trade. Not trading is also trading :)
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last question can you check the photo, ALGO TRADING is with RED DOT is it ENABLED ore DISABLED ?
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Red dot means disabled!
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Oh nice catch! Yes, auto trading is disabled, so no trade will be placed
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As I know prop firms have a max allocation? when passed and if i want to use this on the actual live account already using perceptrader on one funded account. But do these ftmo bots randomize the trades at all? i can see from broker to broker they are different but im not sure if it would be on same broker… ALSO MASSIVE THANKS as its performing very well! Just one certificate from last week
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Hi Lee,
The FTMO Expert Advisors do not randomize trades. Having said that the same Expert Advisor will trade somewhat differently from one broker to another. This is because the historical data is not exactly the same from broker to broker. Even if you place the same Expert Advisor on two different charts with the same broker one of the charts may place a trade and the other may not place the same trade at the same time. This is because of the difference in the time it takes metatrader to send the order to the broker varies.
Congratulations on passing the evaluation stage!
Alan,
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Hey Alan,
YESSS .. finally your sugesstion above solved the problem :) thank you very much for staying on top of this untill it was resolved :) highly appreciate your effort.
Regards,
Majdi
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No problem, happy to hear it is now working!
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Hello Alan,
Thanks for clarifying the MA method, apprecitaed :)
Regards,
Majdi
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Hey Traders,
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.
Cheers,
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Wow congratulations! Can I ask you about the time settings of the bots? 1-23 by default? Or did you modify them?
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Yes, I use the default settings. I did not change anything.
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Leverage 1:30, meaning you opted for FTMO Swing accounts?
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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.
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Hi Jason,
The EAs will go through periods of profit and periods of losses. You have to give the EAs more time to work.
Alan,
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ok, Ill try it again
Thanks
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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.
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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.
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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.
Alan,
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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.
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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.
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Dear Petko,
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.
Ling
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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!
Alan,
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Thank you Alan, much appreciated!
Ling
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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.Thanks.
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The FTMO Expert Advisors are to be placed on the M1 time frame.
Alan,
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Thanks Alan.
I am running a test right now.
I intend to try various demos from 10k up to 200k.
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Gonna start the challenge on a 25K Swing account tomorrow! I’m excited
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Good luck!!
I have started testing on a 200k demo account (Alpha Capital Group). So far, hardly any draw-down and 3k up.
Day one.
Impressive.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.-
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
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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.
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So for FTMO, 25K on a swing account, here are my settings (example for EURUSD)
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hi,
just checked your stats, around $400 profit since last october? not the best results so far.
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I just purchased the FTMO ROBOT EA, however the link to download it isn’t working
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What do you mean it’s not working? 404?
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It says “This site can’t be reached”
and also gives the error code
“DNS_PROBE_FINISHED_NXDOMAIN”I had VPN running while purchasing the order, I’m not sure if that had anything to do with it.
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Never mind, somehow after 1 hr, the link is working. All is good.
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Nice!
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Hi Petko/Alan
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:
My questions:
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?
thanks,
Parveen
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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
Alan,
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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.
Thanks.
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Hi PrimalSci,
Good luck with your challenge, and just be aware of your risk! Keep us posted as to how it goes.
Alan,
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Hey,
What do you mean by previous data? I have not heard about it and I am curious
Thanks
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Thanks Alan.
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?
Thank you.
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Hi PrimalSci,
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.
Alan,
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Superstar.
Thanks Alan!!Will keep you updated on how it goes!
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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?Thanks Guys!
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Hi Rick,
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!
Alan,
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Hi, I had the same problem with the ForexProfitSupreme Meter display in the beginning, but thanks to the tutorial from Alan, the ForexProfitSupreme Meter is now displayed correctly. But unfortunately I am not getting any values. When I run ForexProfitSupreme Meter I just get the error message ForexProfitSupreme Meter GBPUSD,H1: Alert: Some currency pairs are not available\n for calculating the indices.\n:NZDCAD:NZDCHF:GBPNZD:GBPCAD:GBPAUD\nCalculation formula will be changed. and no values are loaded. Also in strategy is this: ForexProfitSupreme Meter GBPUSD_ecn,H1: incorrect start position 0 for ArraySort function
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Hi Marek,
It looks like you are having an issue with the broker. I suggest opening a demo account with another broker and installing the ForexProfitSupreme meter there. I have tested it with Dukascopy and the indicator works correctly there. Here is a screenshot:
Also note the ForexProfitSupreme meter is only used for manual trading. Once you start auto trading with robots it will not be needed.
Alan,
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Hi Alan,
thank you for your test. When I look at your screenshot, I see the AUDNZD currency pair. And if I look at my screenshot, I can see the currency pair GBPUSD_ecn. All my currency pairs have _ecn at the end. When I added other currency pairs to the symbols that do not have _ecn at the end, ForexProfitSupreme Meter works correctly for me. Thanks for the help
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Yes, if you have the option to select currency pairs in the symbols list that does not have the ecn suffix that is great!
Alan,
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Hello Alan,
i have the same problem as Marek.
My pairs are ending with “.”
For example: EURUSD.
I dont want to change the broker just because of this problem.
In the settings of the indicator, I did not find any setting to change that :/
BR Luce
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*cant edit my post so i just write it here*
in the settings of the indicator its possible to edit the Prefix but not the Suffix (which i neeed)
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Hi Luce,
This usually occurs when the broker operates in more than one country. Right click in Market Watch and select “Show All”. You should now be able to scroll down and find the currency pair without the “.”, if I understand your question correctly.
Alan,
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Hello Alan,
i did that but they have all the point at the end:
BR Luce
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Did you try clicking on View in the tool bar and then clicking on Symbol. Then search through the lists to find the right pairs?
Alan,
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In Market Watch did you scroll all the way down to the end? Click anywhere in Market Watch and then move mouse wheel to end of the list of pairs.
Alan,
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I did find these pairs:
But now they are like light grey:
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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.
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Hey Joko,
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.
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Hello all,
I just purchased the FTMO robot and I would like to know if the EA will work on 1:50 and 1:100 margin.
thanks!
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Hi guys,
Could you please advise if there is a solution to receive email notifications for all the trades in my account?
I have already set up SMTP notifications in the MT4 terminal. The issue is that MT4’s alerts only allow for price level notifications. I would like to receive notifications for all trade activities occurring in the account. Do you have any script or EA that can be added to MT4 to generate such alerts to be sent via the standard SMTP function?
Kind wishes,
Michael
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EAtradingacademy does not have any such scripts to do what you are wanting to do. What you can do however is set up an account with FXblue.com where you will be able to monitor all your trades.
Alan,
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Hello!
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.
Thank you,
Ling
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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.
Alan,
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Thank you Alan, your answers are very helpful and much appreciated.
Ling
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nevermind, I’ve answered my own question.
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Dear Petko,
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?
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Hi joko,
Leverage of 1:30 is sufficient to pass the FTMO challenge.
Alan,
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Hi so i just purchased the Bot and is trying to load it on my MT5. Normally I would just drop the files in the
\MQL5\Experts\Advisors and hit refresh. But this one seems to be not working for me. Am ! doing something wrong because the EA is not showing on my Experts list and also the file extension is .mq5 vs .ex5
please clarify. or please send me an instructions on how to load this EA. Thanks
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Open the mq5 files with the compiler and press compile. Then the ex5 is created and added in MT5.
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Ok I’m lost… I bought this EA thinking this is like other EA in regards to installation. I didn’t know i need to use Visual Studio and some compiler to be able to use it. There was no clear instructions that came with it. Which compiler are you using?
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Just the default that is installed with MT5, its called MetaEditor. Easy, don’t worry.
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Got it.. Thank you 🙏
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Open data folder where you’re .mq5 files are. Double-click the file you want to compile. MetaEditor will open the file and you just need to press “compile”. Repeat for all EAs and that’s it!
I personally like that the bots come in an open-source kind of way.
Note: The “drop and refresh” process you mention is still possible with MT4. It’s just that MT4 will compile the files for you automatically.
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Thanks guys.. I figured it out. It’s lock and loaded.
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Hi guys,
I have installed the V5 on an 8cap demo account about a couple hours ago and no trades. Have someone started to trade? I own the V4.3 and there were some information on the left of the chart. Now the V5 doesn’t show any information. I’ m not sure if there is an issue with my installation.
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I haven’t had any trades as well. I’m pretty sure installation is okay though. The entry conditions changed so I’d give it some more time.
It’s normal to not have as much information on the chart as V5 has been done with another generator.
As long as you have a smiley face, it should be good. Worst case you can paste your settings here, and we can take a look :)
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Thanks, let’s wait a little bit longer and hope all is working fine.
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I’ve already purchased the version 4.3 two weeks ago how can I get the version 5 one?
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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?
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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.
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Hello, can you please confirm that restarting MT4 in the middle of active bot trading is fine, and that the bots will just pick up where they left off?
For example, if I have FTMO Robot v4.3 and there are 3 trades open… then I reboot my computer and restart MT4 — will it just continue managing those 3 open trades as usual?
Thank you
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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,
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Hi Dusktrader,
Yes you can reboot your computer and your open trades will continue to trade.
Alan,
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Hi all,
starting a thread to discus which EAs we plan to use for the week. Please make sure you put what version and a quick reason why
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personally I’m using
10k funded
v4.3 – EURAUD, EURUSD and GBPCAD. Overall last week made me 3% so hoping this carries on.
20k funded
V5 – EURUSD, EURAUD and USDCHF. Overall the backtesting results look very good so putting them on at reduced risk.
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Awesome results, thank you for sharing… do you scale up the lots?
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Yeah so I scaled up but not as aggressively as recommended in case of risk
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Nice one Luke.
I am still testing V5. It is 50 50 my end. Still running on a 200k demo.We should set up a Discord Group.
Maybe share additional info etc.
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I tend to agree for v4.3, although EURUSD drove most of the profit. I’m still testing v5.
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This is a great thread thanks for starting it.
I’m going to use 4.3v EURUSD not had enough trades on the v5s yet. I then will review it again Wednesday and hopefully chuck a v5 on to my 10k challenge.
Luke did you pass the funded challenges woth these robots ?
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Yeah passed phase one and now 1% up on phase 2 using the bots
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hi i just bought the ftmo robots today is there a way i can get the 4.3 versions somehow ?
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We need a telegram group be so much easier to discuss the robots etc …..
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The week ahead looks like it’s going to be very volatile due to lots of high-impact news… Do you guys trade during the news or not?
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I am starting an FTMO 10K challenge on Monday using USDCHF and GBPAUD V5 with 1% risk for each asset. Will consider scaling up when account reaches 2% profit.
Alan,
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I can put up a telegram group for us guys. Real small to start with, but I’d probably want to get prior authorization from Petko or Alan
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V4.3 should be available in the download link.
Alan,
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no i only have 5.0
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I’ve joined lukes link above.
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Same here I can only download the 5.0 version.
I was looking to use the GBPCAD robot he showed on the youtube channel.
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for the version 4.3, it is strange that now the open trades have no SL. It was normal last week.
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Hi guys I just joined and set up the FTMO ea’s with the set files. Wondering if anyone has updated results; which pair/s are performing for you?
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I just start V.5 this week, it is opening 3 trades now.
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Hello Team FTMO :)
I think a Telegram group is a great idea. We can continuously share best results. I recently joined, on the 9th of November. I have been running V5 on a VPS since then. Just makes sense to me to have a VPS, running my own PC all the time is not feasible, also execution times on the VPS are MUCH faster.
Since I activated the EA, V5, my results have been as follows:
Three closed trades:
EURUSD x 2: Both in profit
AUDUSD x 1: loss
Six open trades:
AUDCHF: in profit
AUDUSD: in small loss
EURUSD: currently in a big loss
GBPAUD: strong profit
USDCHF: strong profit
XAUUSD: strong profit
Planning on running the EA’s for the prescribed 10 days and then putting the most profitable ones on my current 10K account to test things out. Hopefully all goes well.
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Has everyone just literally plugged V5 in and run with it? Just to test?
Or have people been back testing and amending?
I am not sure if we should make any amendments as the EA Trading Team have done all the hard work and supplied the set files.
I assume this is correct all?Thank you.
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Hello guys, for anyone who wants to download an older version of the FTMO EA, please write through our contact form here or drop us an email at the technical support email and we will assist you further.
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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
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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,
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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.
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Any updates on todays trading?
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I do nothing but use the set file.
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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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How do i setup the robot to not make trades when there has been a drawdown or 3 or 4%?
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It depends upon the robot. Basically, the way to reduce risk is to keep lot size small. How small? This is where backtesting or testing in a demo account can help. Backtesting, or demo trading for a month or two, will give a good idea of how much is the typical drawdown. From this information you can then determine the lot size you should use.
What robot are you referring too and I can give you an idea of the lot size you should use.
Alan,
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Hi Olivier,
Yes you can use the same EAs on multiple accounts.
You can also manually trade the same account and it will not affect the robot.Alan,
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In my strategy to passing the FTMO challenge I use Petko’s robots and robots I create. I also use 10K challenges. I will start a new challenge every two weeks. There are periods when the markets trend upward, move sideways, and trend downwards. By opening a new challenge every few weeks I spread the risk caused by these different market conditions. Also, if I fail a challenge the replacement cost is not so high. Right now I have six 10K challenges running all with different strategies. This spreads the risk. I also test the EAs using a live 10K challenge for one month using small lot sizes so as not blow the account. During a typical month the market will go through periods of drawdowns. Testing for one month then allows to determine maximum account drawdown. I then increase the lot size for the account to a more appropriate size based upon the drawdown during the test to complete the challenge. My trading strategy is not to try and complete the challenge quickly but to control risk.
Some Observations:
I tested FTMO v4.1 in a demo account where I had to restart it every 14 days. It took 3 months to pass the challenge. I then moved it to a 10K challenge but it is currently going through a drawdown period.
I currently have v4.3 in two challenges. One challenge uses all the EAs and the other challenge uses the top 3. What I am currently observing is that the challenge with all the EAs is doing better than the challenge with the top 3. I find that interesting.
I also started v5.0 this week. One 10K challenge has all 8 EAs running with a small loss for the week. A second 10K challenge with the Top 3 EAs has a small profit for the week.
I also have my own portfolio of 10 EAs trading in a challenge that is up 2% for the month.
Alan,
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What are your V5 top performers for next week?
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I don’t have sufficient real time trading results with my FTMO account to determine top performers. All I can go on is backtesting the v5 EAs using EA Studio.
There are only two top performers over the last 1 month, they are USDCHF and AUDUSD. These two EAs have upward sloping balance lines with pullbacks less than 1%. Trading for these two EAs were typically flat over the last one week. Typically after a period of trading flat trading can go in either direction in the future. Typically what you need to do is to monitor these two EAs to see which direction they start to trade in and then make trading decisions on those initial movements.
Over the last one week there were two EAs that had the deepest pullbacks of approximately 1.5%, they are EURUSD and GBPAUD. Typically after a large pullback or drawdown, same thing, trading starts to resume in the direction it was trading before the pullback started. What is unknown is if the pullback is now complete. With a pullback of 1.5% my guess is that it is close to being complete. Again, what needs to happen is to watch these two EAs to see if they start to make profitable trades again and then start trading them.
Having said all of this I don’t worry about what will happen over the short term such as one week as EAs will either be profitable, flat, or in drawdown. What the EAs do over the short term is unknown! What I look for is the longer term performance knowing that over the short term the EAs will either be profitable, flat or in drawdowns. I am interested in being profitable over the next several months and longer.
This is what I am interested in:
*This chart is from my own portfolio of 10 EAs.
Notice the periods in which this balance line moved higher (profits), moved sideways (flat), and moved downward (pullback or drawdown)? However, over the longer term the balance line moves upward indicating long term profits. In this case it shows approximately a 12% profit in just over one month. This is what I look for is a nice upward profitable balance line over the long term. Keeping your eye on the short term is fruitless, in my opinion.
Keep in mind there are no absolutes, only possibilities in trading.
Hope this helps!
Alan,
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Awesome answer, thank you!
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HELLO EVERYONE. IM JUST WONDERING IF IS GOOD OR NOT TO RUN THE 8 ROBOTS AT SAME TIME TO START A 10K CHALLENGE. IM SCARED THAT MORE THAN ONE LOSE AND ACHIEVE THE DAILY DRAWDOWN. MAYBE THE EXPERIENCE OF SOMEONE ELSE CAN HELP ME
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Hello all
I asked this in another thread, but wanted to get the groups feedback. I have not moved any EA onto my live account. Been running on a test account for two weeks now. The EA’s started off performing great, but they have not been doing so great the past week. I am now unsure which one to use. For those running on version 5, what does your reults say, here is mine:
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I have tested running 7 robots (except gold) on a demo account for 2 weeks with losing results.
However if I selected the 3 best pairs it give positive returns.I recommend to run them on demo first and test for yourself.
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Thank you I appreciate it. What are the 3 best pairs? And the ones to avoid ?
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Run all 8 for two weeks. Then pick the top three most profitable. That is the process basically. Petko mentioned he now runs them on a three day period then picks the best ones. I do not see this working simply because the EA’s do not open a lot of trades. Either way. Activate all eight on your TEST account, NOT live account. Then pick the top ones for Live account.
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Ok and once you select three pair what is the surety they will work next week? So its mean we have to keep running 8 pairs forever on demo and keep switching according to the market situation. Thats my opinion. Appreciate if someone can correct me
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Your 10 EAs are not here?
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Your results show that AUDCHF made the most profit but only with 1 trade. So you might want to give it a bit more time.
Also, the AUDUSD performed well with 4 trades.
Remember that these EAs are based on non-martingale systems, so there will always be stagnation periods.
As I’ve mentioned in another thread, if the EAs are in a losing phase, I don’t put anything on the challenges but wait for the next profitable run.
Cheers,
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Hey Alan
Thanks for this, seems like a solid strategy. Unfortunately, I do not have the money to open a new 10K account every two weeks. Have yet to pass one challenge and hopefully build from there.
I have my own strategy which I trade manually. But it is a VERY slow process. That is why I bought this FTMO EA. I was hoping it would help me achieve success a bit faster.
Unfortunately to date, this has not been the the case. I have been running the EA’s on a test account for two weeks, no clear winner except maybe AUDUSD, which I have enabled on my live 10K account with ZERO trades opened to date.
I have to be honest, been burned so many times, especially in the EA space, HUGE promises, and then you buy the EA, then basically nothing happens or there’s excuses. It is sort of beginning to feel like that here now as well.
I think it would make quite a bit of sense for Petko and team to update us weekly on which EA’s to use, which ones are best performing currently. Not everybody can afford a VPN running and testing all the time. MANY of us here are beginners taking on our first challenges, that’s why we are here…but alas. Not a positive experience to this point for me.
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Hey Nicholas,
I understand your concerns completely. But, the market determines the results. Some weeks are incredible, with massive gains. Others, are very slow. The key is constancy. Keep the EAs on a demo account, Monitor their performance and move the best performer/s to your challenge account. The reason we, as the team at EA Trading Academy, don’t simply publish the best performers, is because the broker and trading conditions play a big factor. We may have better results with one EA than another, but that doesn’t mean the results would be the same with another broker.
I know you’ve been running the EAs for 2 weeks, and this seems like a long time, but really, it’s not. That’s the reason most prop firms have removed the time limit. It can be almost impossible passing in just 30 days, while still adhering to all the rules. Be patient. Follow the strategy. Don’t take unnecessary risks. Trade only EAs that have performed well. If none have in that week, don’t trade any. You will be successful. If this was easy, everyone would pass easily.
Good luck,
Ilan
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Hey Ilan
But you see, that’s what I do not get. We DO NOT use different brokers, we all use FTMO. Or at least in THIS forum, it is an FTMO EA that does ONLY FTMO.
So why can you not publish to this community focused on FTMO, the best-performing pair for FTMO. FTMO is the same anywhere in the world.
Explain this to me please? And do not say since brokers are different and some people may use different brokers. I think most people here would be intelligent enough to KNOW that the best performing EA’s you are really supposed to send to us is actually for FTMO.
Note the name of the forum: “FTMO Robot”
So why not just share on a weekly basis the best performing EA’s? And that’s what I get really angry with, on these “EA’s” – there is always some bloody excuse why they do not work as SOLD. We paid for the FTMO bot. We have the EA files. Give us the best weekly performing EA’s as tested by you, a professional team, and we can then swop out as required. SIMPLE. Those that cannot afford a VPS but runs on their local systems now ALSO have the weekly best performers.
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Hey, what are the top 3 best performing bots for this week to turn on since I bought the bot a couple of days ago?
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That’s a valid point
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+1
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Hi Malik,
There is no guarantee that if an EA is profitable today, it will be profitable tomorrow. It is determined entirely by the market. As Nicholas has said, and you mentioned too, you should keep all 8 on a demo account, link your demo account to a website like MyFXBook (Check out this video: https://youtu.be/H19yWrotTVg), and monitor the performance, even daily, putting only currently profitable EAs onto your challenge account.
Cheers,
Ilan
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Yes, I wanna know as well.
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He guys,
I have some question before I turn on Algo Trading with the EA’s. Hopefully you can answer them.
1) First question is: what are the top 3 best performing pairs right know. I installed the EA’s on a demo, but since Monday so I don’t have enough results, but I would like to start with my 100K Funding Pips account (challenge).
2) If I trade the best 3 performing pairs, is it necessary to decrease the risk, or are the normal setfiles enough for the top 3? So let’s say the top 3 are: Gold (o,49 lots), EUR/USD (3,87 lots) and USD/CHF (1,78 lots). Can I just rely on these setfiles given lot sizes, or do I have to decrease them since I’m using 3 of them?
3) When there is news, especially red USD folder news, do I always have to close all positions? And when im not at home, it’s difficult to turn off Algo trading. Does the EA’s have a setting it won’t place any trades in the radius of like 30 minutes around news, or is the Algo trading turn off a must?
Thanks in advance!
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Eurusd for me
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You have to test the 7 EAs+Gold EAs and see which one performs best currently, we can’t say which is the top performer because tomorrow it may not be.
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This is such a crappy answer…my goodness. So we switch on a robot that was a top performer for the past two weeks. BUT tomorrow it may not be. This is ridiculous…
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Hello Lucas, straight to your questions.
1) You have to test the 7 EAs+Gold EAs and see which one performs best currently, we can’t say which is the top performer because tomorrow it may not be.
2) If you use the default set files then it’s okay to trade with 3 EAs. The set files will allow a maximum daily drawdown of 1% per robot. If you want to be on the safe side, you can additioanly decrease the lots. For example if you want to have no more that 1% daily drawdown then you would need to divide every lot by 3 becuase you have 3 EAs running.
3) It is a personal choice if one will close trades manually. But personally we do not close trades during news. We are working on implementing the news into the EA.
Kind regards,
Marin @ Customer Support team
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I will need to answer here to clarify it! :)
As far I understand you got ‘angry’ because we do not publish the trial/testing account with the FTMO Robots so everyone can see which is the top performer.
To do this, it should be on myfxbook, with all green checks and Live updates (which is easy to do).
BUT if we do this it will become a signal provider – a FREE Signal provider. It will be easy for everyone to copy the trades. Which is something we want to avoid.
Plus, it is super easy for everyone to open a trial account with FTMO and place the 8 EAs and track the performance. It’s nothing hard, and everyone can do it.
And I don’t think you saw fake promises with us because we never said that we would provide the weekly performers. You can not find in the landing page of the FTMO Robot, and it has never been in there.
So I hope you understand why we can’t do publicly BUT we will try to figure it out how to make it private for everyone who purchases the FTMO Robot. Then even if one uses it for signals, that is alright. We will let you know.
But don’t be angry, because we never promised that! :)
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Hello Petko
I am NOT angry about you not posting top results. Although your comment on signals does NOT make sense AT ALL. Here is your post from earlier called “FTMO v5 results” what am I missing? Is this not “signals” but asking for top performers are signals…sorry, but you would have to give me a better answer. I do not care about MyFX and green ticks and all that jazz. Are you not constantly testing the FTMO Robot on your end to ensure you can make updates etc? If you are not, this would be VERY concerning. Please share these results with us on an ongoing basis. Why not? Do you NOT trust your results?
Here is what IS making me super angry though. And this comes from my past experience with EA sellers that make big promises and then do not deliver. As a reminder, please read your sales page.
You state: The Robot will help you pass challenges faster and stress-free!
It has NOT been stress-free AT ALL. In fact, it has been very stressful. I do not get answers, I do not get clear and concise guidance, I have to DO MY OWN TESTING. I mean…really. And then I get statements from you and your team like:
We cannot provide the top performers because tomorrow this might change. So what is the point of running a bloody three-week “test” and then “oh but wait, we cannot take responsibility, since this might change tomorrow” – bullshit.
Another favorite response from you and team: Test the robot on a testing account and use the top performers. I have been “testing” for three weeks now, no clear winners.
Another one: The market might change and the robot might stop working. Might, might, might. No. I remind you: The Robot will help you pass challenges faster and stress-free!
And the best one yet, we cannot provide the best performers because people might be using other brokers. WHAT! Really, on an FTMO Robot forum, this is an answer we get from your team. No, we are NOT using other brokers. We are using FTMO
The Robot will help you pass challenges faster and stress-free!I have yet to even make a small dent using your robot in any live account. No accounts passed yet. Not stress-free. None of your promises on your sales page have applied. But, and I am purposefully being SUPER sarcastic here. I have probably not passed any challenges because: I have not tested enough. I might be using a different broker. The market might change. All these excuses are either me not doing things right or some external factor. Not you and your team NOT delivering on the promises on your sales pages.
THAT is what is making angry.
I am NOT passing challenges stress-free, instead, I am constantly in the bloody forum asking for help and writing essays for answers!!!!!
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You wont get assistance on this. I have asked. I keep on getting responses basically sating I have to keep on testing someone elses robot until I get a “winner” and even then I am told, this might not work. As per the response from Marin.
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We all have the same problem…I have been running a an FTMO test for 3 weeks, no clear winners and very few trades opened. Hopefully I will get somewhere soon with this. The only answer you will get from the team here is that “you need to test” they do not seem to be willing to help us with the top EA’s on a weekly basis.
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that is not good at all
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do i have to change the top performers every week or every monday? and i think their should even more detailed video of this robot, a lot of key pieces are missing
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Hey Nicholas,
I’m sorry to see you had bad experiences in the past from other sales, and I’ve seen a lot of people angry after they lost money.
However, we did not make any promises that we did not keep. A promise would be to say” You will pass the challenge 100% in 2 weeks’ time”.
I’ve built the system to help others pass challenges. Sometimes it takes longer, that is where patience comes in place. I actually launched this FTMO Robot publicly after FTMO Removed the 30-day period.
And indeed, I trade absolutely stress-free. I follow the results, and If I see winning assets I use them. If not I wait. That’s it.
If you or anyone else doesn’t like the system, we have a 30-day money-back guarantee.
I really do not have time and the energy to argue or explain why I did it this way.
PS We are already discussing putting the FTMO Robots on a dedicated VPS and sharing the account with everyone who purchased the Robot but it won’t be public in the forum or the website. It will just save the efforts of everyone to test them. And if you don’t know how one public account can become a free signal, please do the research.
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Hello Petko
Firstly, thanks for responding, it is much appreciated. I understand that there are things I do not understand about the signal aspect you mentioned. All good there, there no need for me to understand anyways, I accept their insight I do not have on this point.
It is fantastic news that you guys are busy setting up a VPS, thank you for listening to us here. Looking forward to that getting in place.
I do not want a refund. I want to robot tat helps me pass challenges and continue to make money after I did pass the challenge.
I am listening to you concerning the patience aspect. I hear you. It has been a frustrating journey to this point. I do not have enough capital of my own to start trading sensibly. Thus the choice to take the prop firm road. But it is slow, frustratingly slow. I will practise my patience though.
Thanks for clarifying and listening.
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Hi,
I have downloaded the Profit Meter, but I am getting only few pairs.
In the journal log, I can see this:
2023.11.23 23:04:04.435 ForexProfitSupreme Meter EURUSD,H4: Alert: Some currency pairs are not available\n for calculating the indices.\n:AUDUSD:USDCAD:EURAUD:EURCAD:EURCHF:EURGBP:EURJPY:GBPJPY:GBPCHF:NZDUSD:AUDCAD:AUDJPY:CHFJPY:AUDNZD:NZDJPY:NZDCAD:NZDCHF:GBPNZD:EURNZD:GBPCAD:GBPAUD:AUDCHF:CADCHF:CADJPY\nCalculation formula will be changed.
Can you please help me check what’s wrong with my setup?
Do you also have the MT5 version so I don’t have to switch to another terminal? I mainly use MT5
Thanks!
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This question has been addressed by Alan here. It looks like you are having an issue with the broker.
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anyone pass FTMO with the previous version?
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He,
I am running the EA’s on a demoaccount, and now it’s Friday. So im wondering do we have to close the trade(s) before the weekend, or if the EA have an open trade, let it stand over the weekend, and wait for it to close itself the next week?
Thanks in advance
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Hi,
I’ve just left mine open, did the same last week.
Cheers,
Anthony
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Hey guys i am after a few opinions here, particularly from anyone has been algo trading for some time, do you believe it is better to move the stop loss? so far i have been waiting for clear structure on the 1 hr timeframe and moving my stoploss a few pips above or below the structure and I have been profitable 2 weeks in a row with v5 robot and my win loss is better then backtested results however i am concerned that i am basically running a different strategy to the backtest. How have you guys been managing your stops and or early closes?
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Closing EA’s on Friday is a personal choice. What I do is as follows: If my EA’s are in profit and heading upward towards TP, I will leave them open over the weekend. However, if my EA’s are in losing positions and heading downward towards SL I will close the positions and let them start new trades the following week.
Alan,
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Hi Nicholas,
I have been on vacation the last week. Just got back and trying to catch up on the Forum. I saw your responses to this Topic. Sorry to hear about your frustration with the FTMO Challenge and the robots. I have been trading the FTMO V5 robots on a live FTMO Challenge now for just a little over one week now. Or, I should say I have been testing the robots on a live FTMO Challenge. I currently have the lot size for each robot set about 1/5 of the normal set file size during my forward testing. Over the last week I see that the account has been going through a drawdown period. This is normal. All robots will go through a period of profit, a period of moving sideways, and a period of drawdown as I have explained before. My plan, right now, is to wait for the account to move back above breakeven. This will tell me the robots are in a profitable period. Once the account breaks even I will adjust the lot sizes upward. Not sure if I will increase lot sizes back to the set file amounts. Might wait until account reaches 1% or 2% but I will increase lot size to some larger amount once the account breaks even.
The following is my MT4 Detailed Account summary:
So, hang in there, and lets take this journey together!
Alan,
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Hey Alan
Thank you for taking the time and responding. And thank you for your detailed response. It is appreciated. This trading journey has been a tough one. Hundreds of hours of practise and strategies and videos etc. One gets to a point where you just want to feel you are moving forward. And by that I mean, actually start making some money on a consistent basis.
Thus the reason why I turned to prop firms. Many warned me it is a scam mostly to get the “challenge fee” and then make it almost impossible to pass and easy to fail.
But I do not have the capital to enter trades that will at least give me the chance to earn significant money and get out of the rat-race, because that is the goal…
Thus the reason for turning to EA’s. I have been testing this EA on other funded challenges on 0.01 lot sizes, but the EA is not successful there. Really does only seem to work best on FTMO. I am not getting super clear winners and results yet. AUDUSD seems to be the only real winner.
But I march forward three steps and get knocked back two steps and so we go :)
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Hi Nicholas,
I don’t expect the EA’s to do well from mid December and early January. This time period will most likely see low volatility in the markets as the big traders will be on vacation for the holidays. So don’t get discouraged during this time period.
Alan,
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Hi Nicholas,
I wanted to respond to your statement “Thus the reason why I turned to prop firms. Many warned me it is a scam mostly to get the “challenge fee” and then make it almost impossible to pass and easy to fail.”
It is a well established risk management rule that successful traders use that when a trade losses 2% in one day that the trade is closed out. Also, if an account losses 6% all trades are closed and the trader takes a break from trading for a period of time, normally one month. This is done with the hope the markets will change back in favor of the traders strategy.
So in comparison, FTMO does not close out your account until you lose 5% in one day instead of the established risk management rule of successful traders which is 2%. Also, FTMO does not close out and account until the drawdown reaches 10% versus the established management rule of successful traders which is 6%.
So, in contrast between the established risk management rule of successful traders and the risk management rule of FTMO, FTMO’s risk management is quite relaxed to give beginning traders a more opportunity to be successful while at the same time protecting their account from unnecessary risk.
So, its not about scamming, its about risk management!
The one thing FTMO does that other prop firms don’t is they provide a free demo account for traders to use until they feel confident in their strategy before committing to the fee of a Challenge. So again, in my opinion, FTMO is trying to help the trader to become successful. Having success full traders trading their account helps FTMO spread their risk as the various traders trade different strategies.
Alan,
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Hello,
is it possible to put the ForexSupremeMeter on the same chart where the FTMO Robot is placed?
Or will it affect the FTMO Robot?
BR Luce
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Yes you can add it to the same chart as the FTMO robot, and, no it will not affect the FTMO robot!
Alan,
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EA’s created by EA Studio, FSBpro, or ExpressGenerator, place the SL and TP at particular price levels because in their backtesting these are the price levels where the EA generate the most profit over the backtesting time frame. It is therefore my opinion that SL and or TP should not be moved.
Alan,
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Hello,
if you choose for example just 1 pair to trade on the FTMO account, do reccomend to increase the lot size or leave it like in the set files, so a losing trade would make -1% of the account?
BR Luce
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You could increase the lot size to 2%. I my opinion, 3% or more would incur too much risk!
Alan,
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Hi, I wanted to know where to find the Forex Supreme Meter to insert it into the graph. Thank you
Serghei71
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I did find these pairs:
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But now these are like light grey:
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I think those are the correct ones. See if you can open a chart and install the the profitsupreme meter.
I will be off line for the next hour.
Alan.
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These pairs are now working but the other are missing:
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Interesting! Glad you got it working. I guess the greyed out feature means these symbols are not to be used in your country. So I guess the symbols with the “.” are the correct ones to use. I don’t know why it took so long for the indicator to start working correctly, but I am happy to hear it is working now.
Alan,
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But there are o lot of pairs missing on the indicator, or am i wrong?
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Yes, Petko, It will be better for us if you provide us result of both backtest and forward test of each version, and updated weekly.
So we can decide for ourselves which the top performers we use, the long term one (monthly or yearly) or even the short one (weekly).
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i read more and more on several telegram channels that many people that pass prop firms with eas dont get payout for some reason. Does someone here actually got a payout at some point or do the prop firms just come with some random excuses to not pay u ?
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Hey Emre,
So far I have requested a payout only from FTMO and they paid it without issues. I will show it in one of the future videos as well.
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ok nice. i wrote the support they told me i should trade better manualy bc of the capital allocation rule but didnt understand completly. i think when we trade all with the same EA it is only allowed up to 400k capital so if 4 people here have each 100k account the rest will not get payout ? i guess if i got it right
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That means you can only have a maximum of 400K account. So if you have multiple FTMO accounts the total capital cannot be more than 400K. It has nothing to do with the total capitalization of multiple users.
Alan,
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the support mentioned the capital allocation with the 400k so thats what i heard out off it
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There is nothing in the terms and conditions that says anything about more than one trader using the same third party EA’s.
5. RULES OF DEMO TRADING
Section 5 discuses the rules for demo trading. This is not about the Free Demo Trading. The Challenge and Verification phase is called demo trading and this is what section 5 is discussing.Alan,
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FTMO :”If you intend to use trading robots (Expert Advisors – EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. By using a third-party EA, you potentially run a risk of being denied the FTMO Account if you exceed the maximum capital allocation rule.’”
Support:
The fact is that the capital allocation rule is per trader and per strategy
so if 30 traders are using the same EA on their FTMO Account, and they each have a 100K FTMO Account, they will breach the rule
17:44
because you will have a total allocation per strategy of 3 millionsi think ur wrong Alan sry
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Sorry I just now stumbled upon this response and I wanted to clear up any confusion.
Here is what I said, “There is nothing in the terms and conditions that says anything about more than one trader using the same third party EA’s.”
In otherwords, there is nothing in the terms and conditions that says only one trader can use the same strategy, many traders can use the same strategy.
Where the problem come into play is when the total of all traders accounts reach 3 million dollars. Once this limit is reached then all traders using the same strategy will be asked to change their strategy. It is only if the traders refuse to change their strategy will their accounts be locked out. According to Petko, all you need to do to change the strategy is to change the magic number. So until the 3 million dollar limit is reached traders can use the same strategy. You are not going to lose your account. The worse thing you may have to do is to change the magic number. A good reason to use MT4 because MT5 does not use magic numbers. I don’t know if adding a comment would change the strategy just as a magic number does.
Hope this clears up the confusion.
Alan,
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FTMO :”If you intend to use trading robots (Expert Advisors – EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. By using a third-party EA, you potentially run a risk of being denied the FTMO Account if you exceed the maximum capital allocation rule.'”
Support:
The fact is that the capital allocation rule is per trader and per strategy
so if 30 traders are using the same EA on their FTMO Account, and they each have a 100K FTMO Account, they will breach the rule
17:44
because you will have a total allocation per strategy of 3 millionsi think ur wrong Alan sry
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UPDATE ON MY FTMO STRATEGY V5.0
One of the FTMO strategies I am using is Petko’s FTMO v5.0. This strategy has been losing lately and has currently drawn down my FTMO 10K Challenge account by -3%. This is not a significant draw down of the account as it only takes a profit of 3.1% to get back to breakeven. What is a serious drawdown would be for an account to drawdown by 50%. In a $10,000 account this would mean the account value would then be $5,000. An account would then have to profit by 100% to get back to breakeven. This could take considerable time and that time represents a period of time where the trader is not able to use to grow his/her account from $10,000 to a larger amount. With a drawdown of 50% the cost to a trader is time and profit lost.
Since this account has only drawdown by 3% I will continue to trade FTMO V5.0 in my current 10K Challenge and see if it will start to move back upward.
I will not be adding any new FTMO 10K Challenges until after the first week of January due to the expected slow down in volatility during the holiday season!
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UPDATE ON MY FTMO STRATEGY V4.3
From October 26 through November 15 I was testing this strategy using 0.01 lot size. In mid November I found EURUSD was performing the best. I then increased the lot size from 0.01 to 0.1 for EURUSD. Unfortunately, from mid November through today the account has gone through a drawdown of about -1.5% but has regained most of that loss. This will happen from time to time when you enter a market or increase a lot size the market goes through a drawdown; this is normal!
Looking to see how all the symbols in the strategy are doing I cannot go by looking at New Profit. The reason for this is that EURUSD lot size is 10 times the lot size of all the other symbols and will obviously generate most of the profit. So, how to do you compare all the symbols equally? To do this I look at Net pips. Looking at the table below I see EURAUD is now in second place. I will now increase its lot size from 0.01 to 0.1 lots. I don’t want to get more aggressive than this so I want to keep EURUSD and EURAUD at 0.1 lots as I am expecting low volatility in the market until after the first week of January.
Alan,
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Hey Traders,
I recorded a complete guide for the FTMO Robot:
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Hello everyone,
I just wanted to recommend 2 forex pairs that made a big profit this week. AUDCHF and EURAUD
I used the built-in settings on a 100K account
Good luck to everyone! -
hi just installed EA ftmo , however, the robot will automatically log out, the blue icon will disppear , please advise how to handle
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Hello,
I’m having issues with the installation of the ver5.1 on mt5, every time I load the robot on the 4th chart it will automatically remove the robot on the 3 chart that were the robot was loaded. it will keep removing other charts with the robot. Any help is highly appreciated.
Thanks
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Petko just published a video on how to install FTMO V5.1 robots and how to use them. Here is the link address:
Alan,
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Try and install the EAs a second time. If that does not work then review the following video and see if this helps.
Petko just published a video on how to install FTMO V5.1 robots and how to use them. Here is the link address:
Alan,
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Hey Ocean,
You can see the issue on your chart – Min Equity Protection Activated. You have uploaded Set Files that have a min quity value and the amount you have in the account is lower. That is why the EA removed the Expert Advisor.
Change the value in the Experts input according to your acocunt size and it will work smotthly.
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I like that topic. Everyone can share which assets are most profitable daily or weekly!
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thanks , it working well after adjusting the input
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Nice topic. My demo didn’t work this week for some reason. So what are some of your thoughts on pairs to turn on for next week?
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WEEK 2 – DEC – 2023
Good morning, traders!
This is what I see today:
And the top FTMO Assets during the last one week:
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hi is ok that my Ftmo robots made sell and buy in the same pair AUDCHF
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Yes! When using MT5 it will automatically set up with a hedging account. A hedging account is where you can have a long and short trade on the same pair at the same time. A netting account is where you can only have a long or a short trade on the same pair at the same time. It is my understanding that FTMO,com only allows hedging on one account. So, if you want to open a second FTMO account you should verify with FTMO support on how to do this using MT5.
Alan,
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HI IS OK THE ftmo robots in AUDCHF take sell and later take buy
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Hi all,
Im a very satisfied with the performance of the V5 EA. I am running al 7 pairs + gold on a 200k demo account. And the equity is 213k at the moment. I did not change any settings, just loaded the 200k settings etc and let it run on a VPS.
At first it got a drawdown but now it is going good. I am going to transfer it on a 20k live account. I will run all pairs and I dont mind if I lose the account, but I personally do not think the EA will lose the challenge. I am going to try to finish the first FTMO challenge on a Live 20k account. Will keep u guys updated.
See screenshot for the results.
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Here a some more screenshots of the account right now.
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Last screen
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Running 5.1 for 11 days now on testing, these are the results:
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Nicola – How are the results so far for 5.1? It must have been 20 days now. Aer you putting the EA in live account ?
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Hi,
Sometimes the robot makes nice profits and when DD starts the robot doesn’t close the trade automatically.
When I try to close the trade manually I can’t do it. Please advise-
If you cannot close the trade manually it sounds like you are trying to close the trade when the market is not open. If the market is open and you still cannot close the trade manually it sounds like a problem with your broker.
Alan,
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Hello
Can i use FTMO EA on all pair to run on my broker that provide leverage only 1:30 with capital 1k or 5K ?
Pls advise
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Yes you can use the FTMO robots with other brokers. You will need to adjust the robot properties settings accordingly.
Alan,
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Bonjour, j’aurais aimé savoir comment choisir la meilleure paire chaque semaine ou toutes les deux semaines avec le robot ftmo V5.1, car il ne prend pas beaucoup de positions et parfois, la paire gagnante change et je fais plus de profit avec toute les paires que juste choisir la meilleure paire comment faire alors pour diminuer le risque et réaliser un bon défi.
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Hello, I would like to know how to choose the best pair every week or every two weeks with the ftmo V5.1 robot, because it doesn’t take many positions and sometimes the winning pair changes and I make more profit with all the pairs than just choosing the best pair how to do then to decrease the risk and achieve a good challenge.
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<p style=”text-align: left;”>Good evening everyone, how can we deal with the robot during these days when many reports are issued and influence the robot to enter into more profitable deals? Because I noticed last week, through my experience with the robot, that it was giving me good profits compared to this week, in which it seemed that it was no longer able to identify profitable trades, to the point that almost all trades consisted of losers.</p>
<p style=”text-align: center;”>Is there any solution I can do to avoid losing trades?</p> -
From my understanding the FTMO robot does hedging? What about if I use MT4?
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MT4 only has hedging mode but the account has to be hedging account otherwise it will use netting.
Alan,
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Ci potete mostrare tutti gli knputs?A quanto pare dal video nin riusciamo a capire. Grazie
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Thanks all , this Forum is being an eye opener for me. I was going to buy the FTMO EA Course that comes with Robots, but I would rather wait until a participant passes the challenge with V5 and the default settings provided in set file. @Nocholas – if you EVER pass the challenge with EA then please share the time EA took to pass the challenge, I myself hoping no more than 2 months duration.
Thanks
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UPDATE ON MY FTMO STRATEGY V4.3
On October 26th I started an 10K FTMO Challenge using Petko’s FTMO V4.3 robots. From October 26th through mide November the lot size for all robots was 0.01 lots. In mid November I determined the 2 top performers to be EURUSD, and EURAUD. I then increased the lot size of these top performers to 0.1 lots. From the chart below you can see that from mid November the account continued to move sideways, then in early December the account drew down by -2% and has now started to rebound.
Next I looked at FXblue to check on the current top performers. I filtered the chart by Net pips. It was necessary to filter by net pips instead of net profit becuase the lot sizes are different. I noticed EURUSD was still the top performer. I also noticed EURAUD moved down to 4th place with a loss of 133 pips. I also noticed GBPAUD has moved into second place with a gain of 40.7 pips. I will not reduce the lot size of EURAUD from 0.1 lots to 0.01 lots. I will continue to keep EURUSD with 0.1 lots with all other robots at 0.01 lots. I will check this account again next weekend to see how this 10K FTMO Challenge is doing.
Alan,
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Hello together,
these are my results so far with the FTMO Robot V5:
(always taking the results of the last week as suggested)
BR Luce
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Hi Luce,
Nice!
Are you demo testing on FTMO demo account?
Is this V5.0 or V5.1?Alan,
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Hello Alan,
i am testing it on an demo account on an VPS with the FXView broker.
Its V5.0
BR Luce
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Thanks!
Please keep us informed of your results as I think traders would find it of value. It also shows that not all weeks will be profitable, however over time the majority of weeks should show profitability. :o)
Alan,
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Hello Alan,
i will try to post the weekly results every weekend.
BR Luce
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Hi BR Luce,
One more thing I forgot to suggest. If you are going to eventually open an FTMO Challenge you should also test on the FTMO demo account so you can compare the results between your brokers server results and the FTMO server results. Sometimes I see significant difference when demo testing on one server and live trading on another. I have even experienced different results when demo testing on a broker and then live trading with the same broker using the same EAs.
Alan,
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Hello Alan,
isnt the FTMO Demo just aviable for a few days?
Luce
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The FTMO demo is good for 14 days. So you could get 2 one week results. Then you can start a new FTMO demo account and repeat.
Alan,
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From the results, it shows that running on all 8 gets better gains compared to running on selected top performers for both weeks. This is a bit surprising as we are taught to pick the top 3 or top 1 performers to run the EA.
I am not sure if I am mistaken or missing something here.
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Its not always the case. The chart above is only the results of two week testing using only one broker. What you need to base the trading decisions on is many weeks, months, years of testing with many different brokers, then you can determine the best way to trade. Thus the teaching of Petko is based upon years of trading. By choosing the top 1 to 3 EAs will provide the best results over the long term.
Alan,
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<p style=”text-align: left;”>Thanks Alan, I appreciate the clarification and tips. Cheers.</p>
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UPDATE ON MY FTMO STRATEGY V5.0
On October 30th I started a new 10K FTMO Challenge using Petko’s FTMO V5.0 robots. From November 1st until December 6th the account drew down approximately 3%. Since that time the FTMO robots reversed course and started moving upward and is now just slightly about 10K by $32USD. Basically what I have been doing over this one month period I have been testing these robots. Now that the account is starting to trend upwards, I will create an FXblue account so I can easily determine the top performing robots. So here is what I have decided to do. I will now reduce the lot size of all the V5.0 robots to 0.01. I will then create a new MT4 chart. I will install the top performer robot on the new chart, set lot size to 1% risk, and I will create a unique magic number. By doing this I will be able to filter out all the robots to monitor top performers each week, and I will be able to separately filter out the current top performers to see how it is currently performing. I know this may be a little complicated but it allows me to use the same Challenge to do two different things, to continue monitoring the top performers each week and to continue to monitor the current top performer. Hope this makes sense!
The following is an FXblue table showing the performance over the last month. As can be seen XAUUSD and EURAUD have been the top performers. I have doubled the lot size of these two robots and I have reduced all other robots to a lot size of 0.01. This will allow the top two robots to dominate the trading of this FTMO Challenge while allowing me to continue to track the performance of all robots to determine if any of the other robots move into the top performance slots in the weeks to come.
Alan,
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Thanks, please keep us updated
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WEEK 3 – DEC – 2023
Here are the results I saw this morning:
The trial account passed (it reached 5%):
Here are the performances for the last 1 week:
And here are the results for the last 2 weeks:
I would probably trade until the end of this week, and I will pause trading between the holidays (but that’s me).
I know many of you want us to provide the link to the testing account and save you the testing, but there are a few problems:
1. Once the trial passes, we must start a new account – we need one week to collect data in the new account. Traders who started in this period won’t have data to use.
2. It turns out that the results are different for the different prop firms. We tested the FTMO Robots on 5 different prop firms, and surprisingly, the prop firms offer very different quotes, which leads to different trades. This is why if you follow our FTMO Trial results but apply the best performers on Infinity, for example, you will not achieve optimal results.
3. Using myfxbook will always lead to some delay.
So what is the solution?
We are working on updating the FTMO Robots so the results will be displayed on the chart. This means that once you put the EAs on MetaTrader, it will start collecting the statistics.
We will also be able to select the period in days. For example, we will see the results for the last 1 week or any predefined period.
And this will be on the chart itself (where the stats are currently with V5.1).
But I can’t promise when this update will be ready because it requires much work.
However, the January update is ready! Which is huge! :)
Cheers,
Petko A
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That’s great!
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UPDATE ON MY FTMO STRATEGY V5.0
As of last Friday after the end of the trading week the FTMO V5.0 had a profit of $32 USD. The top 2 robots were XAUUSD and EURAUD as shown in the chart above. I then decided to double the lot size of each of these two robots from 1% of account balance each to 2%. This week is half over now so I decided to share my results so far this week. The top 2 robots remain the same and the account now has a profit of $224 USD. The following are my results:
Looking at the balance line it is still moving in an upward direction and has not started to show weakness. As a result, I expect to see this account continue to profit in the days ahead.
Alan,
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Hi Alan,
I really like this approach to your challenge. I haven’t purchased the robots yet but plan to. My only concern is let’s say you’re testing on an Oanda MT4 demo for example and get your initial results after a few weeks. You then would take your top winners and place it on your prop firm challenge. I know for a fact your results would be very different, am I wrong?
So in this case for a prop firm that does not have a demo you could place all the robots on your challenge but set the risk very low, then after each week see if you have some clear winners and increase the lot size to equal 1% risk. Is this essentially what you’re doing?
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Hi Brian,
Yes I see differences when I test on Oanda and trade the top performers on FTMO Challenge. So what I do is to place all robots in a challenge with small lot size. Then when I see top performers I increase the lot size to 1%.
Alan,
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This is a brilliant idea. This will be the approach I take as well. Makes the most sense because even on an FTMO demo for example I’m almost certain it will be different when you actually take a challenge. Please keep us posted!
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I have also discovered when I trade the same EAs on Oanda demo account and the Oanda live account I get different results such that my EAs win on the Oanda demo account and lose of the Oanda live account. So even when I live trade with Oanda I demo test on the live account as well.
Currently I am demo testing the FTMO v5.1 robots on the FTMO demo account. So, once I start trading these robots on a challenge I will be able to see if there is a significant change between the demo account and the challenge account. I will not be starting a challenge until after the first of the new year.
Alan,
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Hey Alan thanks for your help. Is there any way I can create 2 mt4 demo accounts with different was to test?
I mean one for v5 and one for 5.1. I need MT5 for live account.
Thank you for your time and your massive input to this forum. I think you’re helping many people without knowing.
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Hi Robby,
Thanks for the encouragement!
FTMO only allows one FREE FTMO demo account at a time for each trader.
If you are using your own broker you can open two demo accounts. Then install 2 different MT4 terminals. During the installation process you can give each MT4 terminal a unique name, like Demo V5 and Demo V5.1, so you can tell them apart.
Hope I have answered your question!
Alan,
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How do i install different Terminals? You mean Like from IG Broker and Capital.com Broker?
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No. For example you could open 2 demo accounts with the same Broker.
Alan,
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Yeah but how do i install the 2 on mt? I could Open them but then there are the Same chartwindows with the Same EA‘ for Both of the Accounts.
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Open two demo accounts named demo acct 1 and demo acct 2. Then install two separate MT4 terminals on your pc.
Then launch one MT4 Test Demo 1 and log into demo acct 1 using login name and pw and server name you got when you created demo acct 1. Now do the same for the other demo account.
Alan,
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The FTMO Robot has passed another challenge! This time it was the Infinity Forex Funds 50k account.
I used all the robots trading simultaneously with 1% (normal) risk per trade. Once the account reached 5% profit, I doubled the entry lot (keeping it at 5% max Daily Loss). This is a variation of the scaling-up system I teach in the FTMO Course.
Once the equity reached $55,050, the trades were closed automatically using the integrated target protection settings in V5.1.
It took about 30 days for the FTMO Robots to pass the challenge. EURAUD and GOLD were the most profitable pairs. You can have a look at all of the stats here.
At the beginning of the challenge, I had the FTMO Robots V5.0, and then I replaced them with the Robots from V5.1 (that is why there are double magic numbers). I also doubled the lots according to the V5.1 values.
Scaling up works great for me! And I don’t find it as risky as the Martingale approach because we reinvest the profits in the account.
We plan to integrate the scaling-up method in the inputs of the EAs so that when one wants to double (any multiplier), the lots can do that automatically at a certain point.
In this example, it was just one one-time manual intervention but it would have been great to set this from the beginning:
– increase 2 x lots once the account reaches $52500 (5%).
We will work on that, and as soon as we develop it, we will add it as an option in the EAs.
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Nice! I will start a 50K Evaluation using v5.1 robots.
Alan,
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I completed the FTMO Masterclass on Udemy earlier this year. I only see EURUSD M1 and a EURUSD M15 and a EURUSD H1 robot files available in that class. Are all of the FTMO Robots for the currency pairs available for customers who purchased that class or does that require a separate purchase?
Thanks, Greg
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To get all 8 of the current FTMO robots you need to purchase them from the eatradingacademy website.
Alan,
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New to the FTMO Robot community looking forward already to the New Year when I will start trading actively again. In the mean time I have been running some back tests and will be setting them all up on a demo account where I can monitor the progress.
I read back through the thread and I’d like to bring to the community on what I do before I start trading in a usual week. I will look through the majors and get a sense of the direction bearish or bullish. I will also correlate my major with DXY to see if my thought process is correct.
What I’m going to test in this theory is that if I’m bullish on one pair and lets take EURUSD as an example setting the EURUSD to only take long set ups and of course if I was bearish setting it to only take shorts.
Wondering is any others have tried this ?
Merry Christmas Everyone
Anthony
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Hi Anthony,
I would also suggest you take the same EA and let it decide to take a long or short trade without your intervention. Then compare the results between letting the EA make the decision to go long or short to the EA where you make that same decision.
Alan,
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UPDATE ON MY FTMO STRATEGY V5.1
After two days of testing Petkos’ FTMO v5.1 robots on a FREE FTMO demo account the following are my results:
The top performer seems to be EURAUD but it is still an open trade. I cannot count it as the TOP EA until the trade is closed.
Please note this is an update of my strategy how I trade Petkos’ FTMO V5.1 robots.
Alan,
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Hello together,
is it a problem withe FTMO EA when i restart the mt4 terminal on my VPS?
Or is it better to restart the EA on the weekend? and what happens to the trades what are still open over the weekend?
Luce
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When you restart your MT4 terminal the open trades will remain open. The only problem I see is if you have an open trade that is very near hitting its TP. So, if while restarting the terminal and the market moves to the price of your TP price level the open order will not be closed because the terminal is not able to send the TP signal to the brokers server. So, as long as none of your open trades are not close to a TP or SL price there is no problem with restarting your terminal.
During the weekend any open trades you have will remain open.
Alan,
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Hello Alan,
the same problem could happen with the StopLoss correct?
Luce
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Yes! So before restarting the MT4 or MT5 terminal check all your open trades to make sure they are not close to their TP or SL.
Alan,
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Hello,
i want to install the myfxbook ea, so that MyFXBook is always connected to the FTMO Robot.
I do this because i had several problems with connecting the EA with MyFXBook the “normal” way because often MyFxBook couldnt connect to the Account with the FTMO EA.
After i tried to place the MyFXBook Ea on the chart this error was showed:
Looks like i can only have 1 EA on the same chart?
Does someone know a solution for this problem?
Luce
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Sorry, I don’t use Myfxbook so I cannot address your concern. Someone else will have to address your concern or you can contact [email protected].
Alan,
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You just have to open a second chart. Each chart can only have one EA attached at a time. To run multiple EAs just requires multiple charts open at once.
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Hi,
the predefined set files are in USD.
If my FTMO Account is in EUR, which parameters should I change and how?
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If you leave the setfile values as is your risk and profits will be about 10% less when the currency is in EUR. If you want to change it just increase the lot size by 10%.
Alan,
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Thanks Alan.
Should I change some other settings?
The EA is still not running and keeps getting removed from the chart.
I’ve loaded the 200k settings file (balance on the MT4 account is 160k €)
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Hi Tyler,
Your account has lost 20%, or 40,000 EUR, of its equity and is now at the same dollar level as the Minimum Equity in the EA Properties dialog box. So to protect your account from further loss the EA is removed from the chart so it can no longer place losing trades. To allow your account to start placing trades again you will need to change the Minimum Equity from 160000 to a smaller amount.
Alan,
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Hey everyone,
New member here, been reading tge forums extensively, one question I have so far, is there a thread of people who have successfully passed a challenge with these bots apart from the creator? I haven’t seen a lot of success posts?
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I’ve passed FTMO with earlier version but I adjusted the strategy slightly so it worked for me. Using latest version on my 2 funded accounts now and it’s doing well
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<p style=”text-align: left;”>Certainly not the eurusd anyway this week, 500 loss so far in just 2 days on test account, gold at 250 loss and gbpaud up 250 so far. But demo account down 500 in total over 2 days</p>
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Hello,
when i update the EA from V5.0 to 5.1 on my MetaTrader, is it possible to remain the open positions?
BR Luce
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Yes the open positions can remain open after updating from the FTMO v5.0 robots to the FTMO v5.1 robots.
Alan,
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So i just remove the V5.0 and add the V5.1 as normal?
Is there anything I need to be aware of?
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Hi Luce,
You need to load the setfiles for v5.1 and don’t trade more than 3 EAs to limit account risk to 3%.
Alan,
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Hello,
I have bought the FTMO robot today and after completing the course.
I have been given the video ‘FTMO Complete Guide’ – Youtube link https://www.youtube.com/watch?v=B6SrGqplaF4
In this video, Petko is selecting FTMO Swing Account for a $200k acc which comes with leverage 1:30 and one can hold position overnight and trade on news.
Is this is good practice to select FTMO Swing account and not a Regular account?
If a regular is recommended then do I have close all position manually on Friday night and stop the Robot?
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Hi Sammy,
With the FTMO account you cannot trade during the news or hold positions over the weekend. The advantage is the leverage is 100:1. The FTMO account is good for manual trading but not good for trading EAs.
With the FTMO swing account you can trade during the news and you can hold positions over the weekend. The disadvantage is the leverage is 30:1. This account is good for trading with EAs and the leverage of 30:1 is plenty.
If you use the FTMO account and trade with EAs you will have to manually close all trades during the news events. This will be difficult to keep up with as there are a lot of news events each month. I would not recommend this approach.
Alan,
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Hi Alan,
This helps a lot. Thanks
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UPDATE ON MY FTMO STRATEGY V4.3
The chart below shows the FTMO 10K Challenge balance line of FTMO V4.3 robots from mid December to the end of December 2023. The chart shows a loss of 0.33% over this period. The top performer remains EURUSD. One week ago I increased the lot size from 0.1 to 0.33 lots to represent an account risk of 1%. I really didn’t expect much progress to be made over this two week Christmas holiday period. Further, there may not be much progress made over the next week which represents the New Years holiday period. Hopefully I will see some positive progress made in this Challenge during the last half of January 2024.
The question may be asked as to why am I still using FTMO V4.3 in an FTMO Challenge. What I am showing is two fold: 1. That the FTMO Challenge can be held over a long term without failing the challenge using proper risk management, 2. That the FTMO robots can be used over the long term and still be profitable.
Alan,
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UPDATE ON MY FTMO STRATEGY V5.0
This table shows the results of the FTMO V5.0 10K Challenge from December 20th to the end of the year. Two weeks ago XAUUSD was the top performer and EURAUD was in second place. Note XAUUSD fell to last place over the last two weeks and EURAUD took the top performer place and AUDCHF jumped up to second place. I have reduced to lot size for XAUUSD to 0.01 lots and increased the lot size of AUDCHF to 0.3 lots a risk of 1% to the account. Over the last two weeks the account profited by $73.65 or 0.73%. I really wasn’t expecting much price action over the Christmas holiday season. Total account value now stands at $10301.92.
As can be seen by the balance line, over the last two weeks the account moved sideways during the Christmas Holiday period. Then on Friday the account advanced approximately $173 or 1.7% to show a profit of $73.65 for the two week period.
My strategy in trading the FTMO V5.0 robots shows this account still has quite aways to go to complete the challenge as it is up just 3% so far. The good news is that it is slowly progressing upwards. I expect I could continue to see slow progress through the first part of January until we get passed the New Year holiday period. If this account continues to move higher during the last half of January I may consider increasing the top performer lot size in February.
Alan,
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UPDATE ON MY FTMO STRATEGY V5.1
The following is my strategy on how I plan to trade Petkos’ FTMO V5.1 robots:
I started demo trading the FTMO v5.1 robots on a FREE 200K FTMO demo account on December 21st. The following are the results so far. The table below shows EURAUD in top place and AUDCHF in second place. The problem I see in the table is EURAUD has only closed 2 trades and AUDCHF only 1 trade. This really isn’t surprising to me as the trading was done during the low volatility period of the Christmas holidays. Before I consider moving any of the 5.1 robots to an FTMO Challenge I need to see at least 3 to 5 closed trades. So I will continue to demo test these robots for another week.
Alan,
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Hey guys, do the FTMO robots perform best in ranging markets or trending markets?
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It is possible to look at each robot in EA Studio or the source code and try to identify which of the FTMO robots are range trading or trend trading, however, to me, the proof is in the pudding how they actually perform while trading. Therefore, it is my opinion, the best way to identify which robots perform best in ranging and trending markets is to put them in a demo account, identify ranging and trending markets, and then see which robots perform best during these different market conditions.
Alan,
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Is there an update for January, still using same 8 pairs?
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Big update – https://www.youtube.com/watch?v=5EWNP9L2q5U
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What’s the criteria on how Trading Hours should be set?
What’s the timezone to be taken in consideration? (I’m in GMT+1)
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Please, can anyone help?
Thanks 🙂
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Hi Tyler,
The timezone is GMT. With “From hour” set to 2 it means the EA will not start trading until 2 hours after the market opens.
Alan,
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Dear Fellow Traders,
I’m genuinely thrilled to share a major milestone in my trading journey – the FTMO Robot has successfully navigated and conquered my 1 Phase 15k Challenge! 🎉
I initially kicked off with V5.0, diligently trading for a month with the Top 3 performers. However, in the pursuit of optimizing results, I decided to make a strategic move. I upgraded to V5.1, tweaking the lot size to be twice the default for the top performer, USDCHF. The outcome? It delivered the maximum profit during this trading.
I used V5.0 initially but it was cost to cost even after 1-month trading with Top 3 performer later I replaced all the robots with V5.1 with Top 3 performers but this time 2x the lot size of default for the top 1 performer ( USDCHF). It gave me the maximum profit in the meantime.
The journey took me a solid 34 calendar days, during which USDCHF and EURAUD emerged as the most profitable pairs for me.
For those keen on the nitty-gritty details and statistics, feel free to check out the comprehensive breakdown on my FX Blue profile:- https://www.fxblue.com/users/480135
Happy and genuine trading vibes to all!
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So did you just keep using the same top 3 performers from your test time? I have been trialling the 8 bots as suggested for to see what are top performers
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Morning all!
I am not sure whether this question has been asked above already so apologies if so.
Question is if there are several thousand people using the EA and we are using the same Prop Firm do they not detect trades being copied or is there variance programmed into the bot?
Thanks again for your answer. ;)
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Hi Mathew,
You don’t need to worry about the same EA being used by others while in the FTMO Challenge and Verification as the third party EA rule only applies to funded accounts.
Alan,
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question has been answered
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MY FTMO V6.0 STRATEGY
I have opened an FTMO 50K Challenge. I have placed all 8 Expert Advisors on MT4 with lot size set to 0.01. I will be testing these EAs for 5 trading days. I will then look at the top profit maker and if it has at least 3 closed trades I will then change the lot size to the recommended lot size for each downloaded EA. I started testing these EAs on Monday 01/08/2024. The following tables provided by FXblue show the results after just one day of testing. I know the results for only one day of trading is limited but I wanted to get my strategy out there so others can see how I am testing and will trade these Expert Advisors.
This table shows 2 closed trades after one day of testing. One EA was profitable EA and one EA had a loss.
This table shows 4 Open trades. The table shows 3 EAs in profit and 1 EA in a losing trade.
Alan,
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Hi Alan,
You mentioned you placed all 8 EAs but where are the other two most profitable ones (EURAUD and EURUSD)?
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HI Puns,
I only started testing the 8 FTMO V6.0 robots on 01/08/2024 just two days ago now. As a result EURAUD and EURUSD have not yet opened a trade. I will continue to test the 8 EAs for the balance of the week. I would expect these two EAs will have opened trades by that time.
Alan,
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Hi Petko, I have setup the EA on my demo account with alphacapitalgroup on meta trader 5, but so far the bots haven’t taken even a single trade. While trying to run backtests, the bots are showing 0 trades. I have followed the exact steps in the video shared by you. Can you pin point the common mistakes that might result in this?
Thanks
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Hi Shashway,
The first thing is to make sure you see a blue hat in the upper right corner of the trading chart. If the hat is blue then the robots have been setup correctly. Secondly, did you install the correct robots. For example, if your account size is $10,000 then you need to download and install the $10,000 robots. The account size and the chosen robots must match. Thirdly, does the time period of each robot match the time period of each chart as they are different for the various robots. Lastly, if you have just installed the robots within the last day or two you will need to give it another day or two for the robots to make their first trades.
Alan,
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You aren’t going to be able to run this on Alpha Capital Group (I have accounts there). You’ll need to share the source code of your EA to get permission to run it on your account, which means you’ll have to create your own EA and strategies instead of a ready made one. EA trading is disabled by default on their accounts until they enable it.
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Thanks, this was helpful! I have been trying to set this up without any progress. I’ll move to some other prop firm which is suitable for Indians since FTMO has some restrictions for Indian users
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Hi Shashwat,
You could go ahead and ask permission to use the robots. Maybe since no one else is using the same robots they may approve them. The worse thing that could happen is that they turn you down.
Alan,
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Can you use The5ers? They are the second oldest and most reputable prop firm (after FTMO).
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Thanks Aaron, will definitely check it out.
Absolutely Alan, will give it a shot there.
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Oh waaaw , you saved a lot of my time. I will look elsewhere. Thanks
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Hi Shashwat,
At least now you know for sure they wouldn’t accept the EA.
As for the FTMO demo account. If you are using FTMO V6.0 robots did you make sure the account size of the demo account matches the downloaded robots. For example, if your account size is a $10,000 account then the downloaded robots should be the $10,000 download of the robots. Also if you testing the robots using MT4 do you see smiley faces, or if you are using MT5 do you see a blue hat in the upper right corner of the charts. If these things were done correctly then you just need to give it more time to start seeing trades. I have also been testing the FTMO V6.0 robots this week in an FTMO account. I have 3 open trades going. One was opened on 01/08/2024, one on 01/10/2024 and one on 01/11/2024. Notice there was not a open trade taken on 01/09/2024 that day was skipped. So it is possible that when you start a new FTMO demo account it may take a day or maybe even two days before you will start seeing trades opened. So, hang in there, be patient, and give it time.
Alan,
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This is only happening on the dipgate VPS that I have recently started, while trying on my personal system, the backtest ran properly, so I’m still confused on what the issue is. I’ll probably setup something on another VPS and check first.
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Hi Guys,
I just started using the FTMO robot this past week. The number of trades I got is much lower than what I expected based on the youtube videos so I am here to check if you guys also got so few trades this past week as me or maybe something is wrong with my settings. I understand different market conditions may play a role in the number of trades but still I would like to double check because my results are suspiciously low.
So far this week I had the following trades:
XAUUSD 2 trades, losers
GBPAUD 1 trade, loser
EURAUD 1 trade, winner
USDCHF 1 trade, loser
USDCAD 1 trade, loser
Currently open: AUDCHF, USDCAD, XAUUSD
Please let me know if you guys have similar results or not. Any troubleshooting ideas are welcome but I checked the timeframes and other settings multiple times.
Kind Regards,
Bence
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Hi Bence,
This is also what I am getting.
Alan,
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Hi Alan,
Thank you for the response. Much appreciated.
Is this number considered normal/average or are we in a relatively slow period right now?
Bence
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Hi Bence,
The reason the FTMO V6.0 robots don’t take trades as often as we would like is because the robots contain six indicators that all have to lineup to give a buy or sell signal. So it takes time for all these indicators to align themselves. The theory behind having so many indicators is that if it takes many indicators to line up and give a trade signal then the higher quality of signal it should be. Robots with fewer indicators would obviously take less time for the indicators to line up and give a trade signal. So I would not be disappointed the robots do not take trades as often as we would like, we should be pleased the signals from the FTMO V6.0 robots are providing high quality trades.
I might add that even though these robots provide high quality trades it is still possible for these indicators to close with a loss. Why is this? There are two types of indicators, indicators that provide profitable trades when the market is trending, and then there are those indicators that provide profit when the market is ranging. So there are trending type indicators and there are ranging indicators. Trending indicators will generally end up losing in ranging markets and ranging indicator will generally end up losing when the market is trending. Now beware that every trading day will provide trending periods and ranging periods. This is why we will get profitable trades and losing trades. Further sometimes ranging markets can last for several days or several months. This is why it is beneficial to demo trade as it will help us to understand if the markets are trending on a weekly basis so we can determine if the current market environment will allow our robots to generate profits. So with good quality robots there should be more profitable trades than losing trades which will then provide a profitable account.
Alan,
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Hi Alan,
Thanks again for the thorough response. Of course I agree with everything that you said.
The reason I asked is simply because when I watched a recent youtube video in which Petko showcased his last week’s trading results and there were up 9 trades per currency pair. So I was surprised to find only so few trades in my own trading. But of course I understand about trending and ranging markets. I also understand what you mean by having 6 indicators.
My only question is: Is the new V6.0 robots expected to have less trades than the previous versions or was this week a bit slow in fact?
Either way, please don’t take this as a complaint. I am just eager to understand what to expect.
Bence,
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Hi Bence,
I haven’t watched Petkos’ video but if the results were from last week and not this week I would expect somewhat different results.
As to whether this week was a slow week or not I cannot answer. I don’t know if you can call it a slow week or not but it could just be that the trending and ranging periods didn’t last long enough for all the indicators to line up during certain periods of this week. Maybe not a slow week but there could have been more trending and ranging periods than the previous week but they didn’t always last long enough for all the indicators to align. Just my thoughts.
Also, no worries. I don’t take your response as a complaint.
I am spending this week testing the robots. I am looking for a top performing robot with at least 3 to 5 closed trades before I will start trading it. It doesn’t look like this will happen this week so I may have to wait a few more days.
Alan,
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Hello all – just sharing my best pairs to trade.
For V6.0, my best pair of last week is – AUDCHF and USDCAD (Both at M30 timeframe).
This is for FTMO Trial.
What are your best pairs for last week and which broker?
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Hi Sammy,
When did you start the trial. I started testing the FTMO robots on 01/08/2024 on an FTMO Challenge instead of the demo account and my best two pairs are AUDUSD and USDCAD. So I would like to compare the difference between the demo account and the challenge. I find it interesting one of your best pairs is AUDCHF where mine is AUDUSD. Can you also provide the net pips for AUDCHF and USDCAD. Unfortunately as of this last week traders in the US can no longer use the FREE FTMO demo account so I am not able to compare the difference between the demo account and the challenge. Could you also show the results of all the robots for this last week?
Thanks,
Alan
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Hi Traders,
When sharing your FTMO robot results for the week please share the following:
1. prop firm / broker you are using
2. your account size
3. FTMO robots version (v5.0/v6.0/etc)
4. your risk o.o5%, 1.0% or 2.0%.
5. number of trading days
6. your trading resultsThis is necessary so when others are looking at your results and comparing them to their own results they will have a better understanding as to why their results may differ from yours.
Thanks,
Alan-
1. prop firm / broker you are using – FTMO Trial (not real challenge)
2. your account size – $10k
3. your risk o.o5%, 1.0% or 2.0%. – Medium 1%
4. number of trading days – 2 weeks
5. your trading results – Loss but two trades are still open so Equity is $10068.00 ; AUDCHF and USDCAD
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Hello,
Will the stop loss and take profits automatically be adjusted even if we aren’t using it on a funded account and using it for small account trading?
Thanks
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Hi Jonathan,
TP and SL do not auto adjust, they will remain the same.
Alan,
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What about the lot size?
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The lot size does not automatically adjust either. I would suggest changing the lot size based upon the risk to your account size you are willing to accept.
Alan,
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I´ve been testing the 8 versions of FTMO 6.0 for the last week (Jan 8 to Jan 12 – 5 trading days) with 1% risk on a € 10K FTMO Demo … the results of the closed trades are:
– 5 trades, all negative, two losses of 1% (well in US$ anyway) and three small to very small losses
– 3 open trades
so no EA qualifies to be put on a live account for next week …
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Hi Rafael
Is your equity is negative as well apart from loss ? I am wondering if one can close open trades if the equity is positive and then risk those pairs for live challenge account.
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I seem to have a very different outcome … I used the 8 EAs for the whole week on a FTMO Demo and got this results:
closed:
– AUDCHF none
– AUDUSD none
– EURAUD none
– EURUSD none
– GBPAUD one loss (1%)
– USDCAD none
– USDCHF two losses (one at 1%)
– XAUUSD two losses (both very small)
open
– same as original poster
I used the news filter … what could have been other differences?
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i tested the old startegy by running all 8 bots on an ftmo trial 25k account before V6 came out. I ran the trial from the 26th of Dec till 10th Jan. Here you can see the results. So for that period AUDCHF, EURAUD and USDCHF would have been the 3 to try on a challenge. I shall try version 6 now.
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EURAUD is on fire, if it’s hot, it can be hot for quite a while.
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EURAUD has always given constant profit. But the last trade opened for me was on January 3.
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The EA is waiting for the criterias to be met.
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@SammyTrader
the open trades have a positive balance but rather small … all in all they wouldnt amount to having a robot a profit factor of 1.2 or above … so I wouldnt use these robots for the live account …
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Thanks Rasa , my feelings are same. Only take the EA that has delivered the results after closing trade.
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i am using euraud m15, gbpaud m30 and usdcad m30, since yesterday, i have the smiley face and no errors in the journal tabs. The bot hasnt taken any trades yet, so wanted to confirm if anyone has trades on the pairs i have listed?
These are the top 3 bots from the robot app
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If you say that you started yesterday, it means that today is the first day of trading.
I test the robots on two accounts with different brokers and today I have only one trade open, with each of them, on USDCHF, but several hours apart.-
Do you see much difference between the two brokers
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Yes, big differences.
Robots must be tested very well at your chosen broker. At different prop firms or brokers you will have different results.Anyone here can confirm for you. I have two challenge accounts on a VPS and I run robots continuously on both and that’s how I see the differences.
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Smiley Face, Are you using V6.0 ?
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Yes version 6
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Paul4x – not possible, it must be V5.
Here is the screenshot of my V6.0, a trade is already opened XAUUSD no Smiley Face.
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interesting, i have smiley faces.
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maybe because i am using mt4 and you are using mt5?
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On MT5 there is no smiley face.
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Oh Yes, I am using MT5 , okay that is the reason then.
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“Patient young jedi must be” (same goes for old ones ;-) )
my EA hasn´t got a trade on EURAUD and GBPAUD either today … on USDCAD I still have an open trade from last Wednesday …
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OK that’s fine, just wanted to check all was in line
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How do I unsubscribe
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to unsubscribe contact [email protected]
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Hallo Leute,
weiß jemand ob der FTMO Robot mit der Prop Firma: TFT (The Funded Trader) kompatibel ist?
Grüße Danny
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Hi Support
I have tried to email support as I am not able to download my v6 robot, but there has been no response even after emailing multiple times.
I keep getting this error even after trying to log in with different browsers.. its so frustrating.. I purchased the robot but i cannot download it.
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I can confirm the bot has taken a trade today on usdcad
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Which broker is it ? In my FTMO Demo, it has taken a Sell trade for USDCAD, but this is my second trade. The first trade was for XAUUSD.
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yeh ftmo
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ok cool, let’s compare our results at the end of the week
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Over the last 5 trading days I have 2 profitable trades for USDCAD and 2 profitable trades for XAUUSD for FTMO V6.0 robots . The profits are small as the lot sizes are 0.01. I am just testing the robots. I am looking for a robot with 3 profitable trades to confirm the trend is profitable. Then I will adjust the lot size for medium risk.
Alan,
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Hi Alan
I prefer to test it through the default settings of Medium risk (downloaded from FTMO Robot App). At the moment, in loss due to USDCAD has gone down the hill.
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Hi Sammy,
I am testing on an FTMO Challenge so I am using small lot size so any robots that are losing will not cause the account to draw down significantly. By testing on the FTMO Challenge I am avoiding the FREE FTMO demo account 14 day limit. It is my choice to test this way.
Alan,
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Hi Alan
Good luck with the real account then. Hope you pass the challenge soon.
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Hi Alan,
for this week V6.0 is on fire, has taken substantial no. of trades. Did you mean that you would see the 3 top Profits and then put them in your challenge account ? What adjustment in terms of lot size and risk you would be intending to do and what would you do with the open trades in the real challenge account from previous week?
For the current week, Broker FTMO, Medium risk for $10k – my top profitable Trade closed was for GBP AUD + 4 opened at the moment with3 in profits.
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My status of open trades from December 1, until now:
AUDCHF – no open trades.
AUDUSD – no open trades.
EURAUD – 5 trades – 18.12, 19.12, 21.12, 02.01, 03.01 – all win trades.
EURUSD – 1 trade – 17.01 – still open
GBPAUD – 2 trades – 09.01, 17.01 – 1 lose, 1 win
USDCAD – 3 trades – 08.01, 10.01, 16.01 – 1 win, 2 lose
USDCHF – 13 trades – 8 in december+5 in january – last 4 lost
XAUUSD – 15 trades – 9 in december+6 in january – of the last 6, 4 were lost
My conclusions:
– since I started testing, EURAUD has never lost a trade, so it is number one.– XAUUSD wins about as much as it loses, so it’s almost at zero.
– USDCHF loses more than it gains.
– USDCAD loses more than it gains – only 3 trades.
– GBPAUD – only 2 trades.
– EURUSD – only one trade.
– AUDCHF and AUDUSD – no trade.
So I can only work with EURAUD, and I would risk more because it rarely opens trades, but probably the vast majority will be wins.
I don’t know what else I could do.
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@Gabiscriba – you results are completely different from mine. You mut be with a different broker.
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@SammyTrader
Yes, my prop firm is FXIFY, I run all robots on a challenge account with 0.01 lotsize. I run all the robots on an FTMO demo account, too. The results are completely different.
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Hi Sammy,
I am looking for 3 winning trades.
Right now I have the lot size for all robots set to 0.01 lots. Once I find the top robot with 3 winning trades I will replace the robot with the one I downloaded from the FTMO app so it will have the correct lot size for an account risk of 1%.
Alan,
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@Alan Thanks, I have read your previous posted reply too. That’s a lot of manual intervention that you are doing, but the theory behind it for Robot with Top 3 wining trade or trade with more profit than loss, is very safe to win the challenge.
I myself, will stick to the default lot size and top wining EAs to see how would that work.
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@Alan – Omg omg omg , is this is for real ? I hope this is for FTMO Prop Firm
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Hey Sammy,
Are you running all the bots for v6? I am only running the top 3 that I downloaded
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@Paul4x – I am running all EAs in a Demo acc for FTMO broker. The Demo only last for two weeks, so the idea is that to take the top 2 performers to the following demo account to see how will they behave for another two weeks. If all profitable then I can take this strategy into the real challenge account.
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Hey Noah,
You need to login into your account in the Academy. Then, you will be able to download the EA.
Please be patient with the e-mails as we receive 100s every day, and we do our best to answer all of them in 24 hours.
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Hello,
I would like to update the FTMO robot but I currently have 6 trades open which I wouldn’t want to interrupt. I understand that the TPs and SLs are already there but sometimes the robot closes trades before TP or SL is reached. So I worry that if I change the robot while the trades are open, the new robot will not know what to do with the trades opened by the older version.
So my question is, what is the best way to replace the old robot with the new?
Kind Regards,
Bence
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Hi Bence,
When replacing the old robots with the new robots just make sure to use the old robots magic number and copy it into the new robot if the new robots have different magic numbers. Then the new robots should recognize the open trades.
Alan,
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yeh i only have the top 3 downloaded
so far 1 gbpaud in profit 132
usdcad loss 94
usd cad running at momnet with 62 profitonly running since last sunday
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ok, keep us updated, is this is your Demo or real challenge ?
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how to choose the best pair do petko use data from a week or a month like for example i go to my history tab and just check the data for the week and choose the best performing pair 1 or 2 or maybe 3 from the profit and winning rate
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Hi Tanyeem,
Petko uses 1 week!
Alan,
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Hello,
I recently downloaded the robot files, when I go to compile them it doesnt create file that i can import into my platform….any idea what might be happening? There is no error message
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I saw the new feature in the Robot App. It is a very helpful feature, but only for those who use FTMO prop firm.
For the rest of us, the results are very different and we cannot use this new feature.I wanted to specify this for those who still do not know that the results of robots are very different from one broker to another.
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and why cant you use FTMO prop firm ? Its the best, reputable, paying regularly for profit splits.
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ftmo are expensive compared to other prop firms, trusted forex funds for instance, 10k accounts, one is 89 euros and the other is 155 euros.
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@SammyTrader
Because I already have a challenge account with another prop firm. And even if it weren’t like that, we can’t all work with the same company. FTMO is the most expensive, it is an aspect that matters a lot.
Apart from that, the best tactic to make profit from Prop firms is to have accounts with several of them, for diversification and risk sharing. It may happen that you lose an account, you still have two or three.
And one more very important thing. Do you remember MFF? Until it closed it was the best and reputable too.I lost a 50K live account at MFF
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ah ok! got your point now. I havent started my challenge yet, but frankly if new feature in The Robot App is for FTMO Prop Firm then I would go for this prop firm to see how would that work out.
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Yes, it is real!
We have spent a lot of time figuring out the most useful and simple way for everyone to find the top performers from the FTMO Robots. And now the new feature is live on the app! You can see which assets are most profitable in the last 1 week or last 1 month. Even in the last 1 day!
There is no need for trial accounts and my Fxbook links. Whenever you get the FTMO Robots you can see the top performers with ONE click of the mouse:
Enjoy!
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THANK YOU ,, from the bottom of my heart.
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so which is better? the 1 trade pair that made the most profit or the pair that made 4 trades but less profit.
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I would stick to the Top 3 , its all about testing with your broker now.
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My issue has been resolved. Thanks for the support @Marin
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I’m a bit confused with this new feature. For this week, it shows USDCAD as the most profitable pair with 4 trades and a profit of 210$ (for a 10k account) but my results for this week are quite different (I’m using FTMO Demo account). I have, for USDCAD, only 2 trades, one SL and one closed in profit (no TP). The result for the week is positive for USDCAD but below GBPAUD which is my best pair of the week.
The only difference I can see is my account being in EUR. Do you think this can explain the different results?
I have read somewhere in the forum that it is recommended to get US account but this is a bit late for this challenge
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Maybe it depends on when thier week started? I am showing same results as you for usdCad, so confused as to why 4 trades showing also
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It’s not strictly meant for FTMO prop firm. Those 1 week results are for general, but the only way to find out is use those Top 3 EAs on Monday for FTMO Demo and see how close they are matching. That’s what my plan is, I am with FTMO demo too.
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Hi Rudy,
This first table shows the open trades from MT4 for the week of 01/14/2024 – 01/20/2024. Notice there is 1 open trade for USDCAD.
This second table shows the closed trades in the History tab of MT4. Notice there are 3 closed trades for USDCAD.
The FTMO app closes all open trades and adds them to the closed trades. This is why the FTMO app shows 4 trades.
Alan,
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I have a confusion related to the last feature on the FTMO App.
I run all robots with 0.01 lotsize, both on an FTMO demo account and on a challenge account at another prop firm.
Referring strictly to the FTMO demo account, from what I have seen, I think that the trades that are running and have not yet closed also appear in the trade history. I selected D1 and in the App history the following appear: USDCAD – 1 trade – running, AUDUSD – 1 trade – running and XAUUSD – 2 trades – 1 closed and 1 running. At least this is the status of trades on my FTMO demo account.
But an extra trade is running on my account, which does not appear in D1 of the app history. GBPAUD sell, opened last night at 19.30.00, which is running at a loss at the moment.
My question is if the situation is the same for those of you who use FTMO account. -
The FTMO app closes the opened trades just like the MetaTrader backtester does.
For example, currently, there are opened trades in my account, but those show as closed on the FTMO App.
This is why you will usually see more count of trades in the app compared to what you see in the account history.
But if you compare the opened trades, you will see they match.
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Thanks Petko, everything seems to be clear now.
I was misled by the fact that no trade appears on D1 for GBPAUD and I have one open. But in W1 two trades appear, which is correct.By the way, I run everything on VPS.
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Can’t we change that then? So it keeps everyone results the same and not give a false stats?
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It seems that everyone using FTMO is getting the same results.
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Hello, if the magic number used for the EA is same in both demo and real account, will it cause any functionality error?
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Hi Trader,
Since the demo account and the real account are separate accounts it will not cause any problems if the magic numbers are the same in both accounts.
Alan,
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Thanks for the info Alan. Cheers.
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Hey Leute,
greift Ihr in die Arbeit des Roboters ein oder lasst ihr dem Roboter uneingeschränkt seine Arbeit machen.
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Hi Danny,
Can you please use English so everyone can understand your questions/comments?
Alan,
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Do you intervene in the robot’s work or do you let the robot do its job without restrictions?
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Hi Danny,
The reason for using EAs/robots instead of manually trading the markets is to let the EAs do the trading for you. The EAs created at eatradingacademy are the result of backtesting 1000s of strategies to find the most profitable ones. As a result, it is not necessary to intervene in the trading of the EAs. However, some traders do intervene by closing trades early. Every trader has the right to trade the EAs as they seem fit. However, by closing the trades early limits the potential profit of the trade. Over the long, term there is a higher probability for higher profits by not intervening in the operation of the EAs.
Alan,
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Do i need to change something when my broker has for Example “GBPAUD_raw” instead of just GBPAUD , im using FTMO Robot v6.0
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Hi Emre,
You do not need to change anything in the robots.
Alan,
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ok thx
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Hi there, I want to backtest EURAUD M15 on mt4, do I need to download any higher time frame data other than M15 history data?
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Hi Trader,
To backtest FTMO V6.0 EURAUD on MT4 just select the M15 timeframe.
Alan,
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Should i get a swing account or a regular account?
Moreover, would i be wise that if i can set my trading size just 0.1% of my account after passing ?
I don’t really want to lose an account, i’ve blown three accounts already by manual trading, i’ve seen people had blown FTMO account with the FTMO bot.
I don’t have much capital left.
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interestingly, if you switch the app to 1 year results then EURAUD comes out on top, monthly tab shows 3 trades and then nothing for a whole week, i downloaded this as part of the top 3.
So question is, what are members testing the best pair by what setting? yearly, month or weekly?
I was thinking of going weekly and downloading the past weeks top performers, the markets change and a top pair last year may not suit current market conditions.
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Hi Paul4x,
I downloaded the top 3 weekly robots, medium risk, to my 50K Challenge. So far today I have USDCAD open with a $250 profit so far today. The profit so far today doesn’t really mean anything. What counts is the profit or loss when the trade is closed out, but that is just where the trade stands at this moment.
Alan,
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Hi Alan.
Are you just sticking to the weekly top performers then, are you chopping and changing each week?
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Hi paul4x,
At the end of the week I will replace the weakest EA if the replacement is a different pair than my top 2 performers. That is my plan at the moment!
Alan,
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Hi Alan,
Is your trade is still opened for USDCAD ? Mine is still opened for a $10k challenge , it went all the way up to $100 in profit and this morning down back to $50. Looks as if it will take a while to close one trade. With this speed, I need to forecast that how long before one can pass the 1st phase of challenge ?
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Hi Sammy,
Yes I am still in. Backtest over the last month shows USDCAD placing 10 trades. So on average one trade every other day. This could indicate the current trade should close within the next day.
Alan,
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Thanks Alan
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Top 3 from the last week with medium risk, testing it on a demo of $10k FTMO – 1 trade open- USDCAD – in profit of $54 but trade is not closed yet. All this week I will see how his Top 3 EA will perform form default settings.
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Hi Sammy,
Are you chopping and changing each week and using the top 3 from the previous week or sticking to the same pairs?
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I would keep changing to the top 3 from last 3 weeks. So, every Sunday afternoon I would look the top performers from last 3 weeks and stop any pending trade, put the newly performers EA and see how it would go- only testing this for prop firm FTMO for next 3 days, if positive signs then use that in the real challenge.
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How has that been going for you? In profit overall by switching?
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Only did it for last two weeks but no losses so far, but then again FTMO demo acc only lasts for 2 weeks so I had to open a new one for this week. I am getting more confident to take it towards the challenge.
The thing that I am really stubborn about that I want to try passing the challenge with the default settings of EAs without scaling up in settings.
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All your answers are here in Petko’s video – https://www.youtube.com/watch?v=B6SrGqplaF4&list=PLLhtsUCmGnb1facF-5g9esp7yfID6Q4kP&index=1&t=314s
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Hi hiukiny,
I would recommend using the swing account when using EAs.
Using low risk accounts are a good way to go. It will take longer to pass a Challenge but reduces the potential for losing your account. Same with funded accounts!
Alan,
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Today FTMO V6.0 50K Challenge had USDCAD close for a 1% profit. The trade took 24 hours from start to finish. I have open trades (GBPAUD,USDCAD) equating to 0.5% profit. My account risk is 1%.
Today My Infinityforexfund 100K Evaluation using FTMO V6.0 robots had USDCAD close for a 0.93% profit. The trade took 24 hours from start to finish. I have open trades (GBPAUD,USDCAD) equating to 0.28% profit. My account risk is 1%.
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Thanks for the update.
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ho la stessa posizione ma ancora aperta come mai non si è chiusa sulla mia sfida? CI
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Let’s say I bought the six months ftmo update plan, would I still be able to access the ftmo app to see the and download the top performing EA’s?
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It’s been 7 hours since I paid the ftmo robot I’m waiting I just received an email with a payment error while they debited the money from my account. I don’t understand anything, I need help
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It’s been 7 hours since I paid the ftmo robot I’m waiting I just received an email with a payment error while they debited the money from my account. I don’t understand anything, I need help please?
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Hi SSIMI,
Clear you computer cashe and log back into your account and see if you see the FTMO robot app. If not then comtact [email protected].
Alan,
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I did that but the order is still paused I contacted suppot with no response yet.
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Hi, robots are updated each month, so should we delete to the previous months robot when updating?
Thanks 👍
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Hi Nake,
The choice is yours when it comes to deleting all old robots and installing new.
One strategy would be to remove all old robots and install the new ones. Another strategy would be to keep the top performing robot and just install the top 2 new robots. And, another would be to keep the top 2 robots and install just the top 1 new robot. A final strategy would be to replace all robots with new ones.
So which strategy is best? You could open 4 demo accounts and test each strategy to determine strategy that works best for you.
As a new trader you might just remove all the old robots and replace with the new ones.
Alan,
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Ciao Alan, perché dici che la tua posizione USDCAD si è chiusa con un guadagno dell’1% quando rischiando l’1% del conto dovrebbe chiudere con un guadagno del 2%? Hai chiuso manualmente la posizione?
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Please use english!
Alan,
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Hi Alan, why do you say that your USDCAD position closed with 1% gain when risking 1% of the account should close at 2% gain? Did you manually close the position?
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Hi Denis,
The FTMO V6.0 USDCAD robot was closed automatically by the robot with a 1% profit.
Alan,
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I have the same EA who opened the same position but didn’t close it when he reached 1% gain…. What do you think could be the problem?
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Hi Denis,
Are you using the FTMO Free demo account?
Alan,
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no, TRUE FOREX FUNDS challenge
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Hi Denis,
USDCAD has opened and closed 2 trades this week and currently has 1 open trade. The trade I was referring to in the above reply was the one opened on 1/22/2024 and closed on 1/23/2024. The USDCAD that opened on 1/23/2024 and closed on 1/24/2024 ended in a loss. The current open trade is also in a losing position. Which of these 3 trades are you referring too?
Alan,
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Hi Denis,
The historical data for each broker or prop firm is somewhat different as there is no clearing house where all the brokers/prop firms get their historical data. So each broker / prop firm has to get the trading data directly from banks. Since not all brokers / prop firm gets their data from the same banks causes the historical data between various brokers / prop firms to be different. Also not all brokers / prop firms will use the same spreads. For these and other reasons Expert Advisors/robots will not all take trades or close trades at the same time.
Alan,
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I thought you were referring to the trade of 01/23/2024 which also closed for me in a loss because I had no trades open on 01/22/2024. The trade opened on 01/24/2024 is currently in a losing position for me as well. I apologize for the misunderstanding and thank you for the clarification
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do you hold trades over the weekend?
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Hello SSIMI14, your card has been pre-authorized and there was a delay in processing your order because our payment processor still didn’t transfer the amount to our account. I see that all was settled now and you have access.
Marin @ Tech Support team
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Hello Kevwefreeborn, after the updates period included in you plan expires, you will still be able to access the FTMO Robot App and see the past performance, but you won’t be able to download the EAs after you updates expiry date.
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Hi Tanyeem,
This is an individual trader decision. Here is what I normally do. If my EA has an open profitable trade I will normally keep it open over the weekend. This allows my EA to continue to profit from the current favorable market conditions. However, if my open trade is close to hitting the TP I will normally go ahead and close the trade. However, if my current EA is in a losing position I will normally close the trade on Friday. This will allow my EA to start a new position the following week.
Alan,
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Hello everyone!
Today marks the end of two weeks since I carefully tested all 8 V6 robots on a live challenge account, with 0.01 lot, on a Vps.
My prop firm is FXIFY and I carefully monitored each individual trade of the 3 robots.
My problem is that I cannot choose a top performer because apart from one robot (which made two consecutive win trades), none of the others made more than one win trade.
AUDCHF – 1 lost trade + 1 open trade
AUDUSD – 1 win trade + 1 open trade
EURAUD – 1 win trade
EURUSD – 2 lost trades + 1 open trade
GBPAUD – 2 win trades + 1 lost trade
USDCAD – 2 win trades + 3 lost trades
USDCHF – 3 lost trades
XAUUSD – 3 lost trades + 2 win trades + 1 open trade
The point is that I don’t know what to do with these robots. I have been testing them since the V6 version appeared, and before that I also tested the V5 version for a long time. However, the only one that makes constant profit is EURAUD, which very rarely opens trades. This is the only one I can use.
I am very curious if the rest of you can share your experience with your brokers or your prop firms.
Who is successful with these robots? Who made some relatively steady profits?
Because I don’t know how much time it takes to be able to use these robots, how much patience I should have.
Thank you. -
Hello,
This week has seen many economic announcements in favor of the dollar and to the detriment of gold and the euro. Or the results are just catastrophic: interest rates set by the ECB at 4.50, unchanged but at an all-time high.
Despite the market conditions, I’ve been trading with these robots since October and I’ve got two challanges FTMO and funded next and I still haven’t passed.
I’m very patient too but I’m starting to seriously wonder if I’ll ever get there and when.
I’ve decided to stop trading gold because with a lot of 0.01 we won’t get far. Despite the fact that the robot manages to get the best entry points, but otherwise for the other peers I remain suspicious. If anyone has managed to pass the challange this month or in December, I’m very curious to know how and with what.Regards
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Hi ayoub,
Here is the results of one trader pass a challenge in the beginning of January 2024.
Alan,
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Unfortunately, this is not encouraging at all. Passing the challenge happened accidentally and with a special strategy, risking more on the top 1 performer. It is not something that can be applied in the long term, except by relying on luck. I am curious if on the funded live account he will be able to continue to obtain profit and make withdrawals.
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Hi gabiscriba,
Petko does a similar thing by increasing risk on his top performers. Petko has a scaling up plan he developed and uses to scale up with his top performers. He shows how to do this in his “The Complete FTMO Challenge” course. I think I can remember his sharing the scaling up plan in the 21 day course. Basically Petko will wait until he has 3% profit and then will double his risk from 1% to 2% such that if his account draws down it will only draw down a maximum of 2% leaving his top performer with a worst case of 1% profit. Petko has used his scaling up plan in some of the earlier FTMO robot versions. Petko uses his scaling up plan to pass the challenges more quickly and has passed challenges using the scaling up plan and has shared this on the forum in the past. So I think Pranav is following Petko’s scaling up strategy by doing a similar thing.
Alan,
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Try EURAUD and usdchf and utilize Petko’s scaling strategy.
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Good day EA Trading academy members
I am just interested to know if anyone is keen to join a Telegram group to share Experience with the FTMO Robot and discuss potential set files and success strories?
Cheers
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Yes, I know this strategy, I saw the video, it is a very good strategy.
But Pranav risked on the top 1 performer, not on the top 3 like Petko. Basically, his risk was 50-50, that’s why I say it’s a coincidence that he passed. And that this approach with top 1 is very risky.
I would like to be able to use the strategy with the top 3 performers. But in my case, as I posted yesterday, I don’t have a top 3 performer in the last month. And that’s why I can only wait for this top to appear. The problem is that I don’t know how long I have to wait. At this rate, I can only trade with EURAUD, which opens a trade every two weeks (more or less).-
Hi gabiscriba,
If the strategy of waiting for the top 3 performers to develop, which at this point I am thinking may not develop before Petko updates the robots again, maybe a different strategy is in order. Or, maybe just wait for the next update.
Alan,
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Take prop firm challenges that has no time limits.
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Hi Richard,
Links to other websites are not allowed on the forum and was deleted in your post above. The forum was developed so traders could get together to discuss their trading, FTMO successes and failures, set files, and success stories. By using this forum allows ALL traders have the same opportunity to learn from others.
Alan,
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I’ve sent an email requesting for a refund because I so far do not like the performance of the EAs, it’s been days now, but still no response from support.
How can I even test the profitability of the EAs when they don’t pick up trades? I need my refund please.
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Give the EA some time to work.
Try backtesting them in the meantime.
I have done backtests on majority of the files from the FTMO robot app and I picked up that most of them take between 10 – 13 trades a month. You can’t expect the EA’s to be trading all the time.
The most important thing is that the EA’s take high probability trades only. Be patient & don’t rush the system.
Luckily all the Prop firms don’t have maximum trading days anymore so you can be patient and let the EA’s do the work.
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Good day EA Trading academy team
Quick question with regards to backtesting
When I back test I usually look at the Results column as well.
I am focusing on Profit, Drawdown, Profit factor and recovery factor.I also look at the actual results column though.
Is there a specific number we should be aiming for in the results column or is looking at the above mentioned enough to do an accurate backtest?
Regards
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Well, I’ll give it more time to see.
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Hi Richard,
I look for a Profit Factor of at least 1.2 because it tells me the strategy is profitable.
I look for a Drawdown of less than 10% because the deeper the drawdown the longer it takes to recover the loss.
I look at the count of trades as this tells me how active is the strategy.
I look at Profit as I can take it and divide it by the number trades so I can forecast expected profits in the futureSo I am looking for an active strategy, the profitability of the strategy, quickly recovery from a drawdown, and expectation of future profits.
Alan,
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Hi Kevwefreeb,
Here is the thing about trading: As traders we look at past performance to determine if the instrument we want to trade is in an uptrend. We then expect the trend to continue so we place a trade. However, no one knows with 100% confidence if the trend will continue in the future. Have you ever looked at the stock market? Normally it will go higher but there are times when it goes down. However, over the long term the stock market continues to mover higher and higher.
The same thing applies to Expert Advisors or EAs/robots. Expert Advisors are created based upon the past performance of currency pairs. The majority of times these EAs will be profitable. However, there are times when EAs will go through a drawdown. How do we handle this? The way we handle this is with consistency. A successful trader will keep trading knowing that as long as he/she is consistent they will be profitable over the long term. You can never be a successful trader if you do not continue trading over the long term. So continue to trade on a demo account until you feel you have become a successful trader and then move on to a live account.
Hope this brings new encouragement to you!
Alan,
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hey everyone,
so my 2 week trial with FTMO ends tomorrow, i ahve been using the tope 3 robots that i downloaded on 14th Jan, at that point in time the 3 top pairs selected by the app were the following. I am using a 10k trial account.
EUR/AUD M15 – trades 1 this week with profit $160
GBP/AUD M30 – trades 2 this week with a negative $95
USD/CAD M30 – trades 4 this week profit of $174Current results showing a profit of $274, so 50% towards the profit target. I shall post the link below.
https://trader.ftmo.com/metrix?share=859246db0501&lang=en
The question i have now is according to Petro videos, do i increase lot size as account at 2% or was this old pass methods?
Looking at the app today, then GBPAUD is not part of the top 3 and so i would swap this out for perhaps the AUDUSD pairing.
Overall, i think passing the challenges is possible and will certainly try it on a full live challenge at some point, it will be a case of chopping and changing per week.
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Hi Paul,
Good job so far!
I would wait until the account has a profit of 3% before increasing risk to 2%. The reason for this is if your account has a drawdown of 2% you would still have a 1% profit.
Changing out GBPAUD for AUDUSD may be a good idea as it has larger profit last week. However, that does not mean AUDUSD will be more profitable than GBPAUD next week. It is your choice. Oh, the choices we traders have to make! :o(
Alan,
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I have replaced all my FTMO V6.0 robots on my 50K FTMO Challenge with this weeks top 3 from the FTMO app.
Alan,
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Hi all,
I am using the FTMO robot on a trial account (yes I am aware there is no longer a need) but I was familiarising myself with the mechanics before entering a challenge. I have an issue where trades are automatically closing early, not hitting either SL or TP. Has anyone else had this issue? I have added all of the standard FTMO bots and made no changes. I have used the correct risk and account size bots. If I am doing something wrong I would really appreciate any help :)
Many thanks!
N
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I haven’t had this issue.
But I’d like to see the response from the EA Trading academy team to see the potential issue.
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Hi Hope and Richard,
The FTMO V6.0 robots have a built in indicator that is used for closing positions. When this indicator signals a close the robot will be closed. The TP and SL are used as a secondary method of closing closing trades when the built in indicator does not signal a close.
Alan,
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I am using the FTMO robot version 6.0. Should I check the top performance every day from the last week, or should I check it once a week, for example, on Sundays? Additionally, does version 6.0 of the robot allow for setting leverage?
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Hi Michal,
It is up to you as to how often you check the top performers. One way is to just check them once a week. Another way would be to check the monthly and the weekly to see which robots show up for both the monthly and weekly time frames. This would tell you which robots have been best performers for a longer period of time. So there are various ways to use the FTMO app.
As for leverage, leverage is set by the broker or prop firm and not by the robot.
Alan,
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So end of my 2 week trial with ftmo using the top 3 from a few weeks ago. Over halfway there, USDCAD was top performer with 6 trades, GBPAUD had 3 trades and EURAUD only had 1 btu it had the biggest profit of 160 from that trade. I currently have a challenge ongoing with another different bot just started yesterday, so will wait till next week and give these bots a chance on a challenge.
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Hi paul,
Congratulations, job well done!
Alan,
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If the FTMO EA has a built in indicator as suggested, why did it open two trades on the same pair, but closed one prematurely while the other was left open? Couldn’t/shouldn’t it be closing both trades??
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Hi Kevwefreeborn,
With two open trades for the same pair suggest to me there are two instances of MetaTrader trading the same Expert Advisors. The reason why only one trade is closed in this case is because the Expert Advisor looked for the magic number of the open trade and closed it. The Expert Advisor thinks it did it job because it only opens one trade at a time and therefore does not look to close a second position with the same magic number.
Alan,
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Thank you for your replies so far, do we know which indicator is being used to close positions early? I have seen a position open for a particular pair, and then close early, and then reopen again a short while later..
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Hi Hope,
The Average True Range indicator is used to close positions.
Alan,
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It’s happened to me too. It opened two similar positions on the same pair, closed one of the positions and opened a new one in the opposite direction.
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Hi,
How can I do to make unique trades with the ftmo robots, in order to not have any problem with the prop firm due to using same strategies as other traders?
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Hello there,
When to FTMO EA opens trades do I close them manually,or I have to wait until they hit the stop loss or take profit?
Today I had 7 trades open;5 were in profit.I closed the 5 .Then the EA opened another 2 trades also in profit but when I closed them my balance was down and had a loss of 1.19
I am a confused. Can somebody help me?
Thank you and look forward.
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Hi Leonardos,
When did you close the trades? If you closed the trades when the spread is very large the cost of the spread can wipe out profits.
Alan,
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Hi Jesus,
According to Petko all you need to do is to make the magic numbers different. However, there is no problem with the strategies being the same during the Challenge and Verification stages according to FTMO support. Where the problem come is when you are funded. Once funded you need to make the magic numbers different.
Alan,
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Hi Alan,
Thank you for your reply.
I closed the trades around the end of the NY session. Morning hours New Zealand time.
So you recommend I should leave these EAs running without touching them at all?Or better to close the profitable trades during London session when the spreads are very low?
What do you think?What do you recommend?
I really appreciate your help and look forward to your reply.
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Hi Leonardos,
Yes, during the end of the NY session the spreads are very high so this is the reason you didn’t have any profit. Personally, I do not manually close trades I let the robots decide when it is best to close trades.
Alan,
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So last weeks best pairs were usdcad audusd and euraud, and i was doing the single pair on the bot and i gave usdcad and euraud on my different accounts,usdcad lost so did euraud i didn’t manually do anything as it is an automated system.And so the thing is that for the next week if my account stays in drawdown i switch pairs again right by seeing what are the best performers this week
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That is what I am going to do!
Alan,
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last weeks best pairs were euraud usdcad and audusd
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and so i used euraud as my single pair and on one account ran two best pairs one is usdcad and euraud and another account i ran three of the robots of the three pairs euraud usdcad and audusd and all of them are in a loss of 1% so for the next week i again choose the best pairs right? and another question that is when i’m scaling if i loose the first trade to be a 3 percent do i keep running it on 3 percent so that it makes back 3 percent and profit or i scale it down i didn’t see petko scaling down on loosing trades
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Hi Tanyeem,
What I do is wait until I have 3% profit. Then I will increase risk by 1% so that I now have a total of 2% risk to my account. This way if my account draws down the trade will be closed leaving me with 1% profit in my account. Then I will start over with a 1% risk.
Alan,
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Okay then i will do that too but once the account is back to 1 percent do you dial down the risk or still it is 2 percent
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Thank you Alan.
From now on I will do the same.
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First day… -2%
at Moment I’m in drawdown….😂😂😂
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Also do you manually interfere with the trades i see petko doesn’t but does he?
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Hi Tanyeem,
No I do not interfere with the trades.
The last few weeks has not been very profitable, but the profits will come!
Alan,
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Pls do reply
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Okay then whom should i follow petko or you
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Follow Petko! I am just sharing how I scale up. Petko uses his own scaling plan and it works for him. Since these are Petko’s robots then I would suggest you follow his plan. Petko’s plan is based upon individual currency pairs where mine spreads the risk upon all traded pairs. My plan is less risky but will take longer to hit the price target to complete the challenge where Petko’s plan should hit the price target sooner.
Alan,
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Alan, here’s another puzzling occurrence. This sell position was opened as per normal with a 50 pip stop loss and 100 pip TP. The NFP news just came out and were in our favour for us to maximise profit. The position closed too soon. It seems that the TP was moved to around 12 pips. I only made a profit of $120. The market is still moving as we speak in our favour so I’m missing out on profit. Why would the position have closed way before 100 pips? I’m very disappointed.
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so quick update for this week, even though my trial finished with FTMO on monday, i left the bots running.
no trades on GBPAUD or EURAUD, and nothing on USDCAD, however on the app it shows 6 trades but i also see the timeframe has changed from M30 to M5
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Good afternoon,
I’ve already purchased the FTMO robot, and I’d like to prove it on a real account but before that, I would like to make sure I don’t breach any rule of the prop firms. So, I’ve seen that many of the prop firms allows the use of EA but, they add that the EA has to be “unique” and not of third parties, so, how can I do to make sure I don’t break that rule using the FTMO EA robot?
Thank you in advance!
Jose Luis
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If I use the FTMO Robot, could FTMO (or another prop firm) deny my account?
FTMO says: “They also need to keep in mind that if they use a third-party EA, there may already be other traders using the same EA and, therefore, the exact same strategy. By using a third-party EA, traders run the risk of being denied an FTMO Account because they exceed the maximum capital allocation rule.”
If yes, what can I do? Any recommendations?
Reference: https://ftmo.com/en/what-to-look-out-for-when-choosing-an-expert-advisor/
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It’s nice and great to build robots to passing the challenges, but the real money is made with funded accounts. How can we use the app for robots to use on funded accounts? All that needs to be done is to disable to the Balance target for a challenge account.
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Hi Willard,
Yes just set “Max Equity (currency)” to zero to disable it and double check all other settings are correct for your account size and agrees with the Daily Loss and Max Loss of the funded account.
Alan,
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Willard are you funded already, or are you in the process? If yes, can you talk about your experience with the FTMO Robot?
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Hi Jotaele1,
According to Petko all you need to do is to make the magic number different. Also, I have learned from the FTMO. com support the third party rule does not apply when taking a Challenge or Verification. The only time the third rule applies is with funded accounts.
Alan,
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Thank you for your response. I’ve also heard that, and that’s the reason why I ask this, because I’d like to use the ftmo robot once I pass the challenge.
Is there another thing I should change to not get banned from the third rule?
Thank you in advance,
Jose Luis
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Hi Jotaele1,
Petko also says you can also slightly change some of the indicator parameters.
Alan,
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Hi Guys
I about to start my FX2 $10000 challenge. My main concern is the draw downs and meeting this challenge.
FX2
$10,000
Profit Target
$1,000
Daily Loss Max
4%
Trailing Drawdown*
6%Q) Will the $10,000 FTMO app set file meet this challenge?
Q) What is a Trailing drawdown?
Thanks for the advice in advance.
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Hi Joseph,
With FX2 you will need to make some adjustments to the Expert Advisors parameters.
A trailing stop is a stop the moves higher as the profit moves higher and always stays 6% behind whatever the profit currently is.
Alan,
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How can i change please the magic number and ticket number on the bot please ?
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If you are using MT4 then you can change the magic number. MT5 does not use a magic number. To change the magic number right click on the smiley face, go to expert advisor, and click on properties. Double click on the magic number and you can then change it.
If you are using MT5 then right click on the blue hat, click on properties and you can change some of the parameters. I would suggest just changing the take profit and stop loss slightly.
Alan,
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So basically it’s better to use the bot on MT4 that’s right ?
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Hi Fediox,
I prefer MT4 when trading EAs!
Alan,
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Hi Alan
What kind of adjustment do I need to make to the EA to meet the FX2 requirements?
If you have a sample image of the set file adjustment that would be fantastic.
Thank You Alan for your valuable advice.
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Hi Joseph,
Make these changes:
Maximum daily loss (currency) 380
Minimum equity (currency) 9420
Maximum equity (currency) 11010Alan,
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Hello all,
I bought the FTMO robots, and the app i think is very good, but i have a little issue, i started a challengue in FundedNext, in this prop firm the challengues amount changes, so i have a challengue of 15k, how i can configure the robots to this amount? Is possible?
Thanks in advance,
Regards!
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Hi Sergio,
Which plan?
Alan,
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hey so the last weeks best performers were AUDCHF,USDCAD,XAUUSD all v6.1 and now the USDCAD has dropped from the list but we do not change the robot right?As we are changing the robots based on the performance of an overall week and if we did change the robot then it would be a chase to changing and getting to the best robots so i don’t think we change like that
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Hello, Is there a specific program I need to install in order for the icons for the MT4 advisors to change after unzipping them? they do not seem to be active as explained in the you tube video by Petko on the procedure for installing.
Thanks
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Hi KindWhale,
Before installing the Expert Advisors on the MT4 charts the Auto Trade button in the toolbar needs to be pressed. After pressing the Auto Trade button then install the Expert Advisors.
Alan,
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Hi Tanyeem,
I would wait until the end of the week to make any changes.
Alan,
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yes that’s what petko does seen in the videos
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im down now 2.5 % what would have been 5% if i traded with 1% risk per trade and the account would have been gone. I trade with the best performing sets for the prior week and even use smaller risk. Do i do something wrong i dont just get now or what is the problem ? someone with the same experience as me ? can i adapt something to make it better performing ? pls help if u know some tips
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Hi Emre,
I am trading the top 3 from the weekly charts on the FTMO app with a risk of 1%. For this week, so far, I am done 1% in my FTMO Challenge.
Alan,
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i did exactly the same just with 0.5 % how is that possible
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Hi Emre,
I am just looking at the losing trades for this week and not the total trades for my Challenge. Is this what you are doing?
Also are you using an FTMO Challenge or another prop firm?
Alan,
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Hi Emre,
Let me clarify further: I am just looking at the closed losing trades for this week and not the total trades for my Challenge.
Alan,
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the 2.5 % loss are all trades combined from the last 2 and a half weeks only 1 trade is currently open on XAUUSD (-16$ currently). i changed the bots or sets weekly. The bots are on Bullsroadfunding bc they allow every strategy. I would expect some differenz from ur accout to mine bc i close all trades on friday if there are any open but im only loosing
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Hi Emre,
I too have been losing for the last two and a half weeks for a total loss of 2.5%. Fortunately, on my FTMO Challenge where I use Expert Advisors I created with EA Studio it is profitable. It’s good to diversify!
Alan,
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Damn ok good too know thx for help
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Hello,
when placing the EA, I can check “Allow Algo Trading” (sure) and “Allow modification of Signals settings” – do you have to allow this as well? What does it actually mean exactly?
Thank you very much and have a nice day.
Kind regards,
Oliver
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Hello Oliver,
Allow Algo Trading: This setting enables or disables the ability of the Expert Advisor to trade automatically. When you check this option, you’re allowing the EA to execute trades on its behalf according to its programmed strategy. It’s essential for the EA to function as intended.
Allow Modification of Signal Settings: This option is a bit more nuanced. It allows the EA to modify the trade levels (entry, stop loss, and take profit levels) of orders it sends based on signals it generates or receives. This capability can be crucial for strategies that adjust trade parameters in response to changing market conditions. Enabling “Allow Modification of Signal Settings” means you’re giving the EA flexibility to adjust its trading signals based on its algorithm’s interpretation of the market. This can include adjusting stop loss or take profit levels after the trade is placed or modifying the entry point of a trade before it’s executed, depending on the EA’s design and strategy.Please watch the FTMO Robot App guide where the settings you need to enable when placing the EAs are explained.
Kind regards,
Marin @ Customer Support
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Hi. I have just bought the FTMO robot. I have two challenges going, one with GFN and one with Top One Trader. I manage to start the FTMO robot on the GFN 100k account. But the Top One Trader 100k account it is not starting. The EA will not load on the chart and I get the error message EA turned off and the blue hat dissappear. The 100k account have been upgraded to 125k since it was a promotion campaign. I have tried to modify the max drawdawn, max and min equity settings but no luck. Still not loading on the chart. Any idea of what I shall do here? Here is a screenshot of how it looks.
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Hi Morten,
The following video is a guide to help traders setup the FTMO app robots and how to modify the parameters. It should help you get your robots up and running.
Alan,
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Hi Alan.
I have watched and followed the steps in this video. I manage to load it on my GFN account, but on my TopOneTrader account it is not starting. I am able to start other EAs on this TopOneTrader account, but not FTMO EA. It is allowed to use the EA on more than one challenge right? The video dont explain to me any scenarios why the EA is not starting. My account is a 100k account but I got 125k as a promotion from TopOneTrader. Does it have anything to do with not beeing 100k or 200k as a standard amount, but 125k?
Any ideo of why this is happening?
Morten
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Hi Morten,
The problem is you have downloaded the 100K FTMO robots but are not using them on a 100K challenge. Instead you are using them on a 125K challenge. So you get them working you need to change the Maximum Daily loss, the Minimum equity, and the Maximum equity parameters in the robot properties box to agree with your accounts requirements.
Alan,
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Hi again, I have tried to do that too but I dont know what minimum equity and maximum equity parameters actually means. The roules I have on Top One Trader is: 125k account, 8% profit target, 5% daily drawdown and 10% max drawdown. How shall I do the settings then?
Morten
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Hi Morten,
Give me about 30 – 60 minutes and I will figure it out for you.
Alan,
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Great thanks
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Hi Morten,
Here are the numbers:
Max Daily Loss 6125
Minimum Equity 112625
Maximum Equity 137563Alan,
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I might understand now,
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The Robot opened its first trade a month ago today. As of this writing, I am currently down about $865 on a $25,000 swing account. All set files are on medium risk (I made no changes to any settings). For the first week or maybe two, I was running all 8 pairs. Since then I have dialed it back to the weekly top 3 only, reassessing every Saturday. The Robot has placed a total of 29 trades. Only 2 have hit take profit, and 10 have hit the stop loss.
Any recommendations to make this thing perform a little better? Lower risk? Less pairs?
Seeing some challenges passed in a matter of days make me think I’ve missed something.
TIA for any help!
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I have two FTMO robots with open trades, USDCAD M5 V6.1 and XAUUSD M5 V6.1. USDUSD is now in profit of $80 with increasing profits. XAUUSD in decreasing its loss but has not yet turned profitable. So far, so good!
Alan,
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I have two FTMO robots with open trades, USDCAD M5 V6.1 and XAUUSD M5 V6.1. USDUSD is now in profit of $144 with increasing profits. XAUUSD is at $125 loss with decreasing loss. Right now my FTMO Challenge is in a $15 profit with profits increasing so far today.
Alan,
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Hi,
Currently, I am up +1% in my testing account ($10,000).
However, after reviewing Petko’s audited account titled “FTMO Robot – Top 1 Scale 25k Challenge FPF,” I have a question: Does Petko close positions manually, or does the EA leave them until TP or SL? (https://www.myfxbook.com/members/PetkoA/ftmo-robot-top-1-scale/10494226)
Upon checking the positions, only 1 out of 25 hit TP, and 4 hit SL out of 25. The others were closed, apparently manually, because they neither hit TP nor SL.
When or where should I close the positions (e.g., on Friday afternoon)? Or does the EA close them without hitting TP?
Thank you, Petko, if you can clarify this!
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Hi Felipe,
The FTMO robots have a built in indicator that usually tells the robots when to close their trades. The SL and TP are secondary.
Alan,
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I have trades that have been running all week. Is this ok, some went from positive to negative?
Petko’s account shows an average trade length of 6 hours and 56 minutes.
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Hi Felipe,
The length of a trade can depend upon many things such as the number of indicators, the time frame, scaling, the market conditions, and the prop firm used, is the positions closed manually, etc. I know Petko will often scale up his lot size as the robot becomes profitable, this shortens the time frame. I am not aware of how Petko has traded the robots in his myfxbook account. For further insight into how he manages the robot time frame in myfxbook I would suggest asking the question to [email protected]. I am in Texas and contracted to moderate the forum and help traders with their problems so I don’t have day to day contact with Petko or how he trades. All I know about how he trades is from his videos.
Alan,
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I know the EAs are tuned to the FTMO prop data, but are they also successful on other prop firm challenges?
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Hi Nicholas,
Petko says the FTMO Expert Advisors can be used on other prop firms and he has passed challenges with other prop firms. Personally, I only have experience using the Expert Advisors with FTMO and Infinity Forex Funds. Also, there are several traders complaining the Expert Advisors are not placing trades on other prop firms. My suggestion is to stick with FTMO Challenges until you get funded or use Infinity Forex Funds. This way you will not have any problems with the Expert Advisors trading.
Alan,
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Infinity Forex Fund accounts are right now 50% off. I currently have an Algo Evaluation account which very closely places the same trades as my FTMO Challenge as I have the same Expert Advisors on both accounts. I will pick up another 100K Algo Evaluation account!
https://infinityforexfunds.com/
Alan,
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can i use ftmo robot in euro currency account
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As Alan said, you can use the robot on EUR account but if the challenge size is different you need to recalculate the lots and protections accordingly, this is well explained in another forum post: https://eatradingacademy.com/forums/topic/ftmo-robot-app-v6-0-new-features-released/#post-225623
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Hi Joyal,
Yes you can use the FTMO robot with euro currency account.
Alan,
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Wouldnt recommend that. They wont Pay out. Please read the trustpilot Reviews. Hundreds if Not thousands with the Same Problem…
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Hi Robby,
I reviewed page 1 of the Trustpilot reviews for Infinity Forex Funds which are the most recent reviews over the last 5 day. Out of the 20 reviews there were 12 traders that received payouts and 0 traders complaining they did not receive payouts. Although they may have had problems in the past with payouts it now looks like they are paying out on a regular basis.
Alan,
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Hi Moderator,
Please can I start the 30day refund I am entitled to for my account, could you please reply with how long this refund will take to hit my bank and when it will be started.
Nothing against the bot I am going to create my own EA.
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Hi Callum,
For refunds please contact [email protected]
I am in Texas and not connected to the support team.
Alan,
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I have not received a response yet writing to the support team, could you please advise.
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Hi Callum,
I have sent your request for a refund!
Do you plan on using EA Studio, the best software for creating EAs in the industry, for creating your EAs?
Alan,
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Hello Callum, for transparency, we already replied to your refund request.
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Yet again the robot is consistently losing oever and over again no winning streak the winrate is 0% now
-3 percent drawdown and other one -4percent drawdown -
hello new here just purchased ftmo robot. i am looking for something stable that trades with low realitive DD on a prop firm acc of 500k & 1 mil acc size. just getting started i downloaded the low gold and aud robots for the 200k challenge. what if any are your suggestions and/or recommendation? i am starting with the process. i like to ask always get valuable feedback which helps out alot just wanted to run that by you to see if im missing something or not doing something correctly. im not as concerned about making big profits as i am not blowing the account. been trading gbp/usd with the weak market im looking at other avenues to rely less on my current bot in times of high DD. really excite about ea trading academy. thanks. please advise
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HI AAron,
Sounds like you are on the right track. Did you download the robot from the FTMO app? Since you are taking the 200K challenge did you download the 200K robots? Also did you chose the correct Max Loss, Max Daily Loss, and Profit Target to match the prop firm specifications so you won’t blow your account?
Alan,
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i ll likely do some challenges, i have 500k funded acc ive been doing HFT. im looking for something to place trades and stay in profit on my funded acc. even 1% a month is fine. whats most important to me is realitive DD lower the better. i have a 5% cap and the higher win rate the better. im following the video im backesting the gold on mt4 and having trouble getting good results im thinking i must be doing something wrong. right now im trading gbp/usd even if i can give myself a few weeks till it bounces back id be happy
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im looking at some 200k challenges in the future that dont allow HFT and am thinking ill be able to use these. i have to place trades to stay acctive and may turn my current bot to long only and reduce its trading days till the strength of the gbp returns.ill make it as is not dire circumstances though if i figure out an alternative. i like to have options
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sometimes beginning some thing there is something apparant im not aware of. or a better solution im unaware of. i like to ask I find it to be most beneficial at times to have input first day on the site
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Hi Aaron,
Risk is associated with the lot size so the smaller the lot size the lower the risk. Sometimes what I do is make the lot size 0.01 this keeps the account active and does not affect the account balance significantly. I then track the results with FXblue. Then when I see one of the robots starting to make profits I increase the lot size until the profits start to drop off. Then I reduce the lot size back to 0.01 and start all over again.
Alan,
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excellent thank you ill use that and give it a go. just starting to back test on my terminal and im not getting the good curve results i likely have a missed input or other about 1/2 to 3/4 there going to watch the video again then try again. if i can figure out a way to get a bot running with low relative DD small consistent profits and low risk ill be made in the shade thanks for your help
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are there set files any longer? for the ftmo robots
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Hi Arron,
There are not any set files. What you do is select the correct options before you download the robots and the proper settings will be installed into the robots properties.
Alan,
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i want refund
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Hello,
I downloaded the ZIP files containing the 100k historical data of the three most profitable currencies. However, when running the simulations, I encountered some issues.
Firstly, EURAUD was opened with a lot size of 7 and resulted in losses. The other two currencies are being opened with lot sizes of 0.02 and 0.04, even though I configured the entry lots to be 3 and 5, respectively, in the inputs.
Could you please help me understand why the lot sizes are not being respected during opening positions? I appreciate your assistance in resolving this issue.
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Hi Sergio,
Which robots did you download and magic number. What broker / prop firm are you using. I need this info so I can try and duplicate your problem.
Alan,
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Hello Allan,
Thanks for this.
Sorry if you’ve already answered this but just to double check that your original post in this thread refers to the performance of the FTMO EA straight out of the box with the original settings and no modifications? This was a month ago so is there an update on the performance since then? I ask because I see some people on other threads complaining of slow activity.
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Hi David,
Sorry, I am not sure what original post you are referring too. Anyway, being in the United States I can no longer trade the FTMO robots on the FTMO challenge as it is not allowed by FTMO. What I can tell you is when I was trading the FTMO robots on an FTMO challenge they were not modified!
Alan,
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Similar results, second your inquiries…
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me neither USDCHF showing profit of £2637 for last week mine didnt take anytrades on that currency just losses on other pairs and 3.5% down after 1 month
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Hi Julian,
I have posted in the past how I recommend trading the FTMO robots. The link below refers to FTMO robots v5.1 but the same process applies to the updated robots>
Alan,
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Hi
thanks for the reply I have been trading this way all month just picking the top trading pairs from the app thats why I cant understand why my USDCHF hasnt taken a trade last week but is the most profitable for the last week.
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I ASKED A REFUND FEW DAYS AGO AND STILL NOTHING DON’T TRY TO SCAM ME GIVE ME MY MONEY BACK !!!
ORDER #231959
I WILL NOT LEAVE YOU FREE WITH MY MONEY
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They have migrated all accounts to the DXtrade web platform. Does anyone have a tutorial for running EA’s on there? Is it even possible? Would really suck if not considering all the money I’ve put in so far…
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Hi Evan,
You cannot run Expert Advisors on DXtrade.
Alan,
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I did the same, no answear :/
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For me it’s the same unfortunately. I have been using the FTMO EA since 2 weeks and so far it’s a constant looser… I am curious if anyone is making here good profits with this EA long-term? I read only about losses and about that refund requests are not beeing answered… So far it doesn’t look good overall.
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My 200 k ftmo accaunt – 2% down and 50 k accaunt is 3 % down 0% win rate. so who is responsible for this ?
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They say you need to take the Top3- Top5 of the week. But I like a more detailled video about it.
In the weekend I take the Top3 of the previous week. I have a few trades during the next week (last time losing it) but what do you have to do at the end of the week? Closing the open trades? Can you do a trialing stop (to protect your losses and lock your profits)
So much Questions
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Also the app is nice. But I also want to see the robots that make losses (not the profitable ones or the breakeaven ones)
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Hi Gilles,
You can select the Y1 or Y5 on the FTMO app to view all the robots. Then you can look at the right edge of the charts to see which robots are being profitable and which ones are being losers.
Alan,
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Hi Traders,
I know there has been a lot of dissatisfaction with the FTMO app robots lately so I wanted to chime in here. At the beginning of this week I downloaded all 14 robots and installed them in my Infinity Forex Fund Algo Evaluation MT4 terminal. Sorry, I cannot use the FTMO Challenges anymore as in the United States FTMO no longer allows us to use MT4 or MT5. However, before this limitation was imposed upon us US traders I had installed the same FTMO robots on both the FTMO challenge and the IFF Algo Evaluation to compare their performance. The result was they very closely track each other. So based upon this past experiment I feel traders using the FTMO Free demo or Challenges should be able to achieve similar results to what I am getting. I also realize that these 14 robots have only been trading on my account for 2 days and my results are early I wanted to share what I am getting so far. When I installed all 14 robots I changed the lot size on each robot to 0.01 lots so their results would not affect my account balance significantly. Right now I have 3 closed trades. One profitable and two losing. However each of these closed trades where with one closed trade for each of the three robots. I will now continue to trade these 14 robots for the balance of the week and report my results this coming weekend and how I am going to address my trading for next week.
The following link will outline how I trade all my robots. The link was written based upon the FTMO robots v5.1 but the steps I follow is still the same for all robots.
Alan,
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Hello Fontana, we’ve already sent you a follow-up message on the same day asking you to fill out our refund form. This helps us gather essential details like your order ID and the email associated with the order, enabling us to locate your order in our system and process your refund more swiftly. Your cooperation in completing the form would greatly assist in expediting your request.
Hey Bastien, please fill our refund form to proceed with the refund request. As I explained, this is a standard procedure to help our system find and automatically process your refund request.
Marin @ Customer Support team
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Hi there,
Is there anything in particular we need to watch out for when purchasing a challenge from a prop firm. Here is an example from a prop firm EA limitations.
Yes, we allow the use of any risk management EA or Trading Bot as long as they are not used in the following ways:
Martingale
Tick scalping
Reverse arbitrage trading
Latency arbitrage trading
Hedge arbitrage trading
HFT (High Frequency Trading), Grid TradingSo would the FTMO Robot be allowed in the above case ? Not sure how the EA FTMO robot functions to be sure on what to look out for.
thanks in advance
Patrick
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Hi Patrick,
Yes you can use the FTMO robots as they do not trade under any of the conditions you noted above.
Alan,
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I have received the e mail from Trading academy that my money refunded. and where can I take my money ? or it will be sent to my visa card ?
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Hello,
Yes the money is returned to the payment method you used when making the initial order payment. It takes 5-10 business days from the moment we initiate the refund (this is the moment when you received the automatic email from our platform) until the money will be available in your card. In most cases it takes less time but this would depend on the payment processor you’re using.
Kind regards,
Marin @ Customer Support
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Hi Guys,
Have you seen the news that most of the propfirm have already stopped offering broker that allowd MT4/5. True Forex Funds have migrated my challened to C-TRade platform and Funded Trading plus has announed that they are stopping MT4 and one can only trade in DXTrade.
I see on FTMO website as well now that they have listed DX and looks as they are going to stop providing broker with MT4/5 platform. I am pretty sure thtat even FTMO will son eventually stop offering brokers with Meta Trader, in fact this is all because MetaQuest is locking down their licenses due to US traders.
I am now on a mission to see if there’s any software which would migrate the MT4 EA to DXTrade, or is there anyway I can copy trade their. Any advice will be helpful.-
Hi Sammy,
FTMO is no longer allowing traders in the United States to use MT4 or MT5 and have migrated current US traders accounts to DXtrade. I had 5 ongoing Challenges. I asked for a refund and received full refund for all five of my challenges.
Also, TradersConnect is working on an app to allow copy trading from MT4 or MT5 to DXtrader and should be available in a few weeks.
Alan,
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Alan thanks a lot for TradersConnect news.
I am a UK citizen, but want to be prepared for DXtrader.
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Hi Sammy,
As far as I know this is only affecting US traders as FTMO said it only affects the US. Are you seeing this issue starting to occur in the UK?
Alan,
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Hi Alan
Yes, plenty of prop firm, like True Forex funds and Funded Trading plus has forced the UK trader (including US ofcourse) to move to another platform and they (their new broker) have comopletely stopped supporting MT4/5. Some are offering CTrader and others offering DXTrader. The trouble with this, EA from MT4 can’t be used their or can’t be made compatible to use their. However, I heard that it is now possible to do a trade copy from a demo MT4 account to CTrader. Again the demo is not provided by these propfirm, so demo account with any broker and copy those trade to CTrader for prop firm broker.
This will cause slippage and discrepancy, but lets see how far we can go with this. At this moment we dont have a choice but to adopt the new platform. FTMO, they will stop providing MT4/4 broker sooner or later. You watch.
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Hi everyone, I purchased the FTMO experts, I saw the guide and I don’t understand a thing. When I connect my account to Myfxboox I have to put the seven pairs with the EA in order to see the trend, my question is which timeframe should I choose? is indifferent? Otherwise I would have to open many demo accounts for each timeframe.. m1/m5/m15 etc..? how should I adjust?
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Hi fabber,
You should use the timeframe the Expert Advisor was designed for!
Alan,
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Watch Petko’s video
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Questions about FTMO robot.
I just purchased FTMO robot from your page and apply FTMO 100K challenge 2 weeks ago, and I saw your “FTMO robot”page has been removed due to the problem of banned account.
May I know:
1. Can I get the money back for the FTMO robot?
2.Do you know can I cancelled my FTMO 100K challenge and get the money back? I haven’t open any trade yet.-
Hi Perry,
I just checked the FTMO app and found it has not been taken down. If you cannot access the FTMO app make sure you are logged into your account.
Alan,
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This is the problem with this industry!
Why sell a product to traders if you are not even sure whether the product you are selling is sound and works like you say it does?
It’s all marketing and sales to entice a person and take their money!
Then you put someone in charge of the Forum that did not build the robot and does not understand how it works?
It sounds like a big money making scheme to me. I have read very few positive comments about the FTMO robot and now I even noticed that it is no longer for sale. Each week the EA’s are updated to new pairs. How on earth is a person meant to run an EA based trading system if they need to change the EA’s on a weekly basis. This is not how EA trading works. I left these robots running on my account for weeks and it has honestly been shocking.I requested a refund and that in itself is a whole other story to get the money back from EA Trading academy.
Alan, sorry you are the one that has to deal with all these comments. This system has obivously not been tested properly before being released to the public.
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How can unsubscribe from notify me of follow-up replies via email?
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Hi Felipe,
Go to the forum. Select the topic. At the top right side of the webpage select “Unsubscribe”.
Alan,
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I have already uncheck the Notify me button.
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Hey Richard,
I am sorry to read your disappointment! I am not sure what you mean by the product is not for sale; it is still on the website, and we haven’t put it down for a second.
We developed the app because many were asking for stats, and this was the best way for the traders to see the performance for the different periods. Also, we test each robot before releasing its course.
If you request a refund, my team will respond on time. Recently we have received 100s of e-mails, and it takes a while to go over all of them.
Cheers,
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Hello Traders!
We have taken the next step in our transparency efforts with our students by making the results from our challenges public:
On the new page, you will find all the accounts we trade – challenges and funded accounts!
You can track how the Robots are performing at any given moment with live records! This page aims to test all the robots for you, so you can easily decide which ones you want to trade!
Note: Please do not consider any information on that page as financial advice! Choosing which robot to trade with on which prop firm is a personal decision!
Cheers,
Petko A
PS: We have also changed the name of the FTMO robot app to Prop Firms Robot because we don’t want to be associated with FTMO or any other Prop Firm.
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Hi Traders,
On February 18, 2024 I downloaded all 14 of the FTMO app robots to my Infinity Forex Funds 100K Algo Evaluation account. I then reduced the lot size to 0.01 so I could monitor for one week how these robots would perform with a different prop firm other than FTMO. The following chart shows the results of that one week evaluation. I chose GBPAUD to trade the next week with normal lot size for a low risk account as determined by the FTMO app because it showed profit for the week and was the top performer. I also chose XAUUSD to trade the next week with a low risk account lot size even though it showed a small loss. My reason for including this robot to trade next week was because is had one winning trade and ONLY had one losing trade for the week and was also the second top performer. Since XAUUSD had one winning trade for the week I decided so trade it the following week as there was a good chance it could have a winning trade next week. If XAUUSD would have had two losing trades for the week I would not have made the decision to trade it the following week. Anyway, these are the types of decisions a trader must make.
The following chart shows the trade results for the following week, the week of February 25th. The results show XAUUSD with a nice profit for the week but also shows GBPAUD had no trades for the week. XAUUSD had 7 trades with 5 winning trades for a 2.5 to 1 ratio and also had a profit factor of 16.23 to 1. I also notice USDCAD came in second place this week with a winning trade. This tells me the current market environment is good for this robot so I will add it to my list of trading robots with a normal lot size for the low account risk robot I downloaded. My list of three trading robots now include XAUUSD, GBPAUD, and USDCAD.
My next update will be during the weekend of March 9.
Alan,
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Hi all,
I was wondering what is the best tactic to pass a FTMO challenge. Should I pick the top 3 of the week, month or year? What do you guys do?
Please let me know!
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Hi Traders,
Week of March 3, 2024 through March 9, 2024. The following are the third week results of trading the Prop Firm Robots on my Infinity Forex Fund (IFF) 100K Algo Evaluation account. The first week was used for testing all 14 robots with the IFF server. The second week was actually the first week of trading.
XAUUSD: XAUUSD has posted profits now for two weeks. I will continue trading this robot next week.
USDCAD: USDCAD posted a small profit a week ago and was added to my list of trading robots. However, this last week USDCAD posted two losses for a total loss of $555.16. So why did this robot show a profit a week ago and two losses this past week. The answer is volatility. This last week the market was extremely volatile due to the US News Events concluding with the Non-Farm Payroll news event on Friday. Since normally the weekly volatility is not as volatile I will continue to trade this robot next week.
EURUSD: This last week was the first week EURUSD placed trades since I started trading the Prop Firm Robots on my Infinity Forex Fund 100K Algo Evaluation account. The reason the profit was so small this last week is because I have been testing it on the Infinity Forex Fund server with a small lot size of 0.01. I will now reload this robot onto My MT4 EURUSD chart so this robot can trade this next week with the proper lot size for a 1% risk to my account.ROBOTS TRADING NEXT WEEK: XAUUSD, EURUSD, USDCAD
TOTAL ACCOUNT PROFIT: This past week showed a small loss of -$78.97, however, the total profit for this account over the last two weeks since I started trading this account is $411.17. Based upon this I should pass the Evaluation process in about 4 months. What I may decide to do once the account reaches the half way point to hitting the profit target would be to increase risk to reduce the time period to complete the Evaluation stage.
Next update March 16, 2024
Alan
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I can only run it on my FTMO account. Is there no way I can run it on my demo and time positions accounts at other brokers?
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Hi hsin cheng chen,
You can run the Prop Firm Robots on any prop firm or broker. I am currently running the Prop Firm Robots on my Infinity Forex Firm 100K Algo Evaluation account.
https://eatradingacademy.com/forums/topic/recommended-forex-pairs/#post-239251
Alan,
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How should I set it up? I have no problem running it on my FTMO account, but the same method cannot run on my other brokers. The result shown in the picture above will appear.
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Hi hsin cheng chen,
The reason why it is not working in the picture above is the “Maximum Equity Protection” has been activated. This protection needs to be changed in the robots properties dialog box when installing the robot. If you are using the robot on a brokerage account you can disable this protection by changing the value in the dialog box to zero.
Alan,
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Hi hsin cheng chen,
I noticed your demo account balance is $11,000. The following settings would stop your account from trading if it loses 5% in one day, it will also stop your account from trading if it loses a total of 10%, and it will also stop your account from trading if you have a profit of 10%. If you do not want any of these protections then just set them to zero.
Max Daily Loss 539
Minimum Equity 9911
Maximum Equity 12105.5Alan,
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A couple of quick questions if I may?
I am using the Prop Firm Robot, I have selected the last 1 month of results. Using it on a $25k account, using the Top 3 with medium risk (1%) and high risk news filter – Is there anything else I need to do? Assuming I just add the 3 pairs and turn on the EA and let it run? Do I need to be closing trades or just simply leave it?
Thanks!
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Hi mkfxtim,
Looks like you have everything set up correctly. There is nothing else you need to do except be patient and give the robots time to trade.
Alan,
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Thanks Alan,
I thought as much, I really like the premise of the robots, its a great idea and can be used for any account. I am confident from the backtests it will provide a nice monthly profit, my personal target is 5% profit a month, if it can do that or more then we are off to the races long term.
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Hello, I just bought the 6 monthly forex robot package, but as soon as I enter the app and want to download an EA, it asks me to log in first, I have logged in 4 times now but the same problem every time
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Hi Skeltor0906,
Try clearing your computer cashe. Let me know if that worked!
Alan,
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thanks alan, it worked
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hi, another quick question, Under prop firm robot inputs many variables are set to value 0, for example “max open positions” or “Max open lots” should I change something because with a maximum of 0 open positions no trade will be opened or does 0 mean no limit? Another question, can I also place signals via my cell phone MT5 on the same MT5 account where the PC EA runs over it
thanks
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Hi Skeltor0906,
When those three are set to zero it means they are disabled. When they are disabled they will not affect the operation of the robot. The robot will continue to open and close one position at a time. I always leave them set to zero.
Alan,
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Hi Alan,
My FTMO stop trading after it hit $6200 on a $6000 challenge.
How do I get the FTMO EA start trading again?
Here are the challenge requirements and settings on my FTMO App.
Account Challenge Size:$6000
Profit target 10%
Simulated Max Daily Loss:4%
Simulated Max Overall Loss:6%
Trading Level 1:100Ftmo setting set to:
Entry lot 0.19
Stop loss:50
Take Profit:95
Minimum equity: 5646
Maximum Equity: 6750Regards
Joe
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Hi Joseph,
Here are the setting you need:
Max Daily Loss 234
Minimum Equity 5646
Maximum Equity 6363I cannot give lot size requirements without knowing the currency pair and the account risk.
Alan,
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hello, i was watching your youtube videos, and i think your ea got banned because its not unique. The rule for ea at ftmo : “
If you intend to use trading robots (Expert Advisors – EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. By using a third-party EA, you potentially run a risk of being denied the FTMO Account if you exceed the maximum capital allocation rule.”
is the solution just to modify the ea a little bit like few numbers? Or moving SL and TP few pips? Maybe in this case there is no rule-breake right? What do you recommend, because i want reeallz to trade ea on ftmo, but imagine thez cancel my 200k ftmo
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Is there a suggestion on when funded you could get around the third party rule?
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Hi Lee,
You posted a question on this forum on the23 oct 2023
“As I know prop firms have a max allocation? when passed and if i want to use this on the actual live account already using perceptrader on one funded account. But do these ftmo bots randomize the trades at all? i can see from broker to broker they are different but im not sure if it would be on same broker… ALSO MASSIVE THANKS as its performing very well! Just one certificate from last week”Just wondering if what was the challenge size, which EA was use and the set file used.
I am sure all of us would love to know,
Regards
Joe
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Hi Alan,
The currency was US$
Thanks for the quick reply
Joseph
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hello, i was watching your youtube videos, and i think your ea got banned because its not unique. The rule for ea at ftmo : “
If you intend to use trading robots (Expert Advisors – EAs), keep in mind that if you use an EA from a third party, there might be other traders already using the same EA and therefore exactly the same strategy. By using a third-party EA, you potentially run a risk of being denied the FTMO Account if you exceed the maximum capital allocation rule.”
is the solution just to modify the ea a little bit like few numbers? Or moving SL and TP few pips? Maybe in this case there is no rule-breake right? What do you recommend, because i want reeallz to trade ea on ftmo, but imagine thez cancel my 200k ftmO ?
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can anybode check my vps or something else i think it doent work, i followed all the steps in the youtube video of petko. i installed all three top ea of prop firm robots app but there was no trade fore me on my MT5 since three days. can somedbodcheck if i does erverything right? thanks appriciate you
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Hi Skeltor0906,
Its not the VPS, its the robots. Each robot only trade approximately once per week. So you just need to give them more time to start placing trades.
Alan,
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Thanks okay i will wait. Do you know what i can do to use ea at ftmo, i saw the video of petko where he explains he will not longer use ftmo specifically waka waka on ftmo. But is there a way to change a ea or switch to another ea on ftmo and it will works fine? (200k ftmo)
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Hi Skeltor0906,
Gold EAs seem to be doing good right now. You might try:
https://eatradingacademy.com/premium-robots/top-10-gold-robots/
Alan,
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okay thanks, i did try the gold inestor and i clicked on the demo but i might did something wrong because the baktest of gold investor was pretty bad just 600dollar in one year on a 200k account
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Hi Traders,
I have decided not to continue to trade the Prop Firm Robots on my 100K Infinity Forex Fund (IFF) Algo Evaluation account. Instead I will be using this account to develop my own XAUUSD 10 Expert Advisors using EA Studio. This weekend I will be creating these 10 EAs and will test them on my IFF account this next week with a lot size of 0.01 lots. I will report my results next weekend under a new topic of something like My Ten Golden EAs.
Alan,
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Hi Skeltor0906,
I didn’t like the gold investor because when I reviewed the videos by Petko I saw it had a stagnation period of about one year.
Alan,
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Hi Guys,
I am running Ftmo APP on a small challenge, but notice the EA has stopped trading.
It says that the EA is turned off but the EA is on, but trading has stopped since 05/03/2024.
Has the Prop turned off my EA?
Any advice?
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Hi Joseph,
The robot stopped trading because the Minimum Equity Protection at 6200 has been activated by the price on the chart has moved down to this price level. This Minimum Equity Protection keeps your challenge from failing and you losing your account.
Alan,
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Hi Alan,
How do I change the setting to keep the EA trading to reach my profit target $6,650 without losing the Equity produced?
I need your help to get 3 set file from a youtube video produced by Petko on Percept trader to:
Perceptrader AI verified MyFxBook records:
https://www.myfxbook.com/members/Misc…
https://www.myfxbook.com/members/Misc…
https://www.myfxbook.com/members/Misc…
Hope you can help me out as well
Thank you again.
Joseph
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Hi Joseph,
I am not familiar with Preceptrader AI but I will try to help. The links you provided only give me error message as I do not have access to that account.
What was the beginning account balance?
What is the daily loss limit?
What is maximum loss limit?
What is price target?Alan,
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Hi Alan
This is your current data requested.
What was the beginning account balance?$6000
What is the daily loss limit?$240/4%
What is maximum loss limit?$5640
What is price target?$6600Thank you for your quick response
Joseph
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Hi Joseph,
Just put those numbers into your robot properties and the robot should start working.
Alan,
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The EA still hasn’t set a trade for me, it’s been running since last Thursday. Maybe I installed something wrong. I installed AU 6.0 and Xauusd 6.0/6.1
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Hi Skeltor0906,
I haven’t had much success picking the top 1 to top 3 from the Prop Firm Robots W1 or M1 settings. So I changed the way I select the robots. I set the Prop Firm Robots settings to Y5 and download and install all 14 robots in a Challenge. I then set the lot size to 0.01 for each of the 14 robots. This way when they trade they will not change the account balance significantly. I then let them all trade for 1 week. I then find the one or two robots that have traded during the week. I then set the lot size for these robots back to their normal value they had when downloaded. This way you let the market pick the robots that are performing well in the current market environment instead of you picking them. This will probably work better for you!
Alan,
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HI Alan,
This is some images from my trading account. As you can see from the image trading stopped on the 05/03/2024. No new trade has been taken by the FTMO APP.
As you can see Alan no trades have been taken.
Do you have any solution to resolve this issue?
Thanks in advance
Joseph
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Hi Joseph,
It looks like you have things setup correctly and as long as the MT4/MT5 has a smiley face or a blue hat in the upper right corner of the chart it should be placing trades. Can you do a backtest with the Strategy Tester to see how often trades are being taken?
Alan,
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Should I stop the position that the robot entered or does it stop itself (the position has been active for 24 hours)
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Hi Gent,
The EA should have placed a TP and SL on for the trade, meaning you could let it ride to conclusion, until either one of those is hit, or close it whenever you like.
Your trading style and risk profile is up to you.Does that help?
Warmly
Matt -
I saw some comments that EA passed their stages but then FTMO refused their payout, has this happend to you?
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Hello Gent,
Yes, this did happen to Petko, and he has also uploaded a video about it. You can watch it here:
Kind Regards,
Nikos -
Hello traders,
I’ve got really good news to share!
The Prop Firm Robots (or FTMO ROBOT) have successfully passed yet another challenge! This time, it was on a $100k challenge account with Infinity Forex Funds. I relied on the Top 5 EAs from the Prop Firms App on the weekly timeframe. I took a bit of a risk by doubling the lots once the account hit 5%. It took the Prop EAs a solid 40 days to pass the challenge, and what’s even more impressive is that they managed to gain a whopping 15% in just the last 30 days, which is awesome to see!
Here is an image of some of the stats:
Kind Regards,
Nikos -
Wow, thanks for posting Nikos that’s really encouraging. I’m new to this and I just purchased those bots last night. Just waiting to receive them now.
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Hey Pete,
Thank you very much and of course if you have any questions, let me know and I will assist you!!
Thank you!
Kind Regards,
Nikos -
Hi Nikos,
You’re welcome! Thanks so much and yeah, I’ll definitely hit you up for any advice moving forward. Nice to have a ‘big brother’ out there who’s already been ‘through the trenches’.
I wish you success and happy trading,
Pete
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Hey Pete,
Thank you so much and I wish you happy trading and success as well!
As mentioned, I am here whenever you have a question, just let me know!
Kind Regards,
Nikos -
Hello traders,
Here is the video about this challenge. I hope it will be useful to you to know how exactly I passed the challenge with the Prop Firm Robots:
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Just to clarify, did you check the top weekly performers every day? and adjust the loaded Robots based on this?
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Good question because I loaded up the XAUUSD M5 bot and by the time it entered a trade I see now that it’s not even on the list and drawing down now.
Seems we have to be pretty vigilant with it. Should be look at the weekly and only seek out the monthly for confirmation or?
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Hi Jordan,
It looks like this may have occurred because one of the Account Protections has triggered and removed the Expert Advisor. This happens to protect your account. I cannot tell which of the three account protections has been triggered without seeing the nomenclature in the upper left corner of the trading chart. If you can show a screenshot I can advise you further.
Alan,
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Hi Jordan,
Yep, that would trigger the account protections. Happy to hear you resolved the issue. Let me know if I can be of any further help!
Alan,
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Just bought a prop firm robots. Do I need to put a week history in app before to download a robots? Or this is not important? Thanks
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Hey guys,
I want to use your Prop Firm bots on an AscendX challenge, but one of their rules is not to use martingale strategy.. so my question is do any of the bots in the pack use this strategy that could cause the evaluation to fail?
thanks in advance,
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Hi Gavin,
The Prop Firm robots do NOT use grid or martingale.
Alan,
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Hi erlas,
The most often used method is to select W1. Also do not forget to select Account size, Max loss, Max daily loss, Profit target, risk, and news filter option. Next select the robot you want to download. Finally select MT4 or MT5 to download.
Alan,
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Hi Alan, thank you for reply on Sunday
Is thats means every time I want to use another pair for trading because this pair is performing better now I have to download again ea?
And if I want to use same ea same pair same time frame after lets say one month I have to download it again and I will receive a slightly different settings? I’m right?
Thanks again
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Thanks Alan, much appreciated!
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Do we need to allow for the indicators to show on screen for the EA to take trades or this is not affecting trading?
I have added 3 top performers from the app for the last 2 days have not opened any trades yet. Please advise.
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Hi,
I selected a robot i wish to try on my MT5 terminal, i have dowloaded the bot, but how do i then install onto the MT5 chart? when i click on it, it just opens up into meta editor.I want to download and then add onto a chart, is there a video on how to do this?
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After downloading the mql file and opening it in the Metaeditor, you would need to compile it for the EA file to be created. This will add the corresponding EA file right above the mql file in the same folder/location you have your mql file at. You can then transfer/copy-paste the newly created EA file to your MT5 terminal data folder -> mql5 -> experts.
After that close the window and then refresh the experts list in your MT5 by right click in the navigator experts list tab then click refresh. This will bring the new EA in the list ready for you to add to the corresponding chart. I hope this helps.
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Good day EA Trading academy members
Been a great couple of days with the FTMO Robot’s…
Trusting that it will continue.
Anyone else been making some good profits.
I have setup a nice portfolio and I am hoping it will pay off.
I will leave the robots to run now and see what happens. -
Hello,
Question, I am running a 100K prop challenge
I will check the weekend for the top 5 weekly performers and will put them on the charts for the upcoming week. But do I have to edit anything else to the EA itself or does it calculate automatically? For example the lotsize. My DD may not exceed 4%, when I check for example the EA for EURAUD, the entry lot is 5.77? Seems a high entry lot or not?Looking forward to your reply,
Thank you in advance,
Regards, Richard
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Hi Richard, i believe the lot size is calculated based on the account size and risk mode/percent selected in combination with the SL/TP for each optimisation version. If your target is 10% (10.000) then a trade of 1000-2000 range could make sense as it would ideally take 5-10 win trades in a row to hit your target. However, it might be wise to half the lot even if takes longer as this could mitigate any high losses as well if things go the other way.
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Hi, thank you for your feedback. Maybe that will be a good decision. Do you use the top 3 or top 5 EA’s on a challenge?
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i usually check Y5 to D1 for top performers and only pick 1-3 max with the lowest DD. I am now trying to figure out adjusting max spread and entry schedule for extra protection, even beyond the news filter which i set for high only and for 5mins before 5 mins after.
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Hi Richard,
In the Prop Firm Robot app you need to select the account size, the Max daily DD, the Max DD, the risk, and the Profit target. When you download the robots these limits are built into the robots. If you select a risk of 1%, when you download the robots each robot will have a risk of 1%. The 1% means you are risking a DD of 1% for each robot. So if you are trading 5 robots then your total account risk is 5%. Since your DD limit is 4% then you either need to trade fewer robots or you need to adjust the lot size on each robot. Since your account has a max DD of 4% it might be a good strategy to limit your total account risk to 3%. So it you just reduce the lot size of each robot to half their value you would have a max account risk of 2.5% not far from 3%. You could start there!
Alan,
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Hi Alan,
Thank you for your reply. I will select 3 of the Mid Risk 1% EA’s, I think this will be safe.
One more question that I don’t understand;
I selected last Friday the Weekly topperformer AUDCHF M30 v6.1 #1460069807. (2%risk)
It placed a trade last Monday with a loss of -1905.37 USD, when I check the W1 at the Propfim App now, I see that it made a 1 trade, with a profit of $3004 with only a DD of 0.44%. Can you please clarify?AUDCHF M30 v6.1 #1460069807
Added 4 months ago, Updated 13 minutes ago
Profit
$3,004Profit factor
3004
Drawdown
0.44%
Count of trades1
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Hi Richard,
The Prop Firm robot app uses BlackBull historical data to test the robots. So the performance you see on the app is based upon using the BlackBull historical data. If you use a prop firm that uses a different broker the results will be different.
Alan,
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I am interested in buying your propfirm ea as I am currently using the Forex Gold Investor and have failed 2 propfirms ….
how does your offer work i did not understand it i see different statistics-
Hello Melih,
Sorry for the late reply.
Can you tell me for which offer you are talking about?
Thank you!
Kind Regards,
Nikos
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And another important question can I also use this with a passed account or does it only apply to the challenge?
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Sure, you can use it for a funded account too!
Kind Regards,
Nikos
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Hi I have an infinity challenge that is on the raw feed so all pairs are .b
Do the robots not work in that setup?
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Seems to work now… not sure why it wouldnt for a few minutes!
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Hi Carl,
FYI – The .b is just part of the name of the chart as can be seen in the chart tab and in Market watch and has nothing to do with Expert Advisors.
Alan,
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Thanks alan, i got a bit flustered because the smiley face wouldnt appear but we got there in the end
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Learning curve :o) We all go through it. Sometimes painful!
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Do the BTCUSD robots still trade on weekends?
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Hi Carl,
No, because the banks are closed on the weekends.
Alan,
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I had installed USDJPY EA last day and today the EA placed 8 trades… making a loss at the end!
Someone noticed that?
Honestly I’m starting to have doubts now
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Good day EA Trading team and Traders
The Prop firm robots really seem to be struggling in current market conditions.
Anyone else having a similar experience?
Do we have traders that have actually had success with these robots?
I deleveloped a Portfolio of the different pairs but then I noticed that they were changed.
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Yep it seems that besides 1-2 wins the latest bots are struglling indeed, with the USDJPY M15 #2134225486 specially, losing about 3-4 trades consecutive currently on losing direction as well. I believe we need to check different top performers, maybe with even lower DD(?)
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EURGBP seems to be the most stable in profitability the past few days. Not sure whats the solution here but needs smoe testing.
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You cannot judge the performance of an EA looking at the latest 4-5 trades. Every single existing EA will have drawdowns. Please try to understand we are dealing with a statistical or probabilistic business.
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Judging performance of an EA system that offers multiple pairs/EA that are constantly optimised is virtually impossible. However, if that system is designed for prop challenges, and if one two or more EAs do hit SL 3-4 times in a row, that can be a liability, as unfortunately these challenges all have limitations. Which if taken under consideration, then certain adjustments need to be done both on traders end but maybe also on developers end to try and offer as much protection as possible. In my opinion, if your EAs are losing 1-3 consecutive trades, then you should close the positions manually if the next trade is also going the wrong way for you. Or tighten spread limits and/or amount of trades to take within a day. My selection is not the top performers blindly, it’s max 3 EA pairs, and all of them have to be with less than 5% DD and the balance-equity graph has to be as smooth as possible and the equity never drop or rarely drop significantly below the balance line. Further to that, I alaways half the proposed lots and have all selected pairs with 30 points max spread and only one trade per pair per day, and just add 3-5 minutes before and after high impact news. Don’t touch anything else on the settings not even trade time, I leave it as is. If despite all that the system is still pushing my accounts too strain, then I stop trading altogether. And if i try again and still face issues well maybe I need to change the system. Probabilistic and statistical approach for me at least doesn’t offer much input tbh, as the price will either go up or down. For me the success is best possible entries on best possible TF and best possible account protections. I am still going to lose trades but having that in place would most likely mean I will lose smaller and win bigger. To allow me to increase the lots gradually and pass the challenge.
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Thank you Juan
I have been running the Prop firm EA’s for the last 3 weeks. Certainly is not only 4 – 5 trades that have gone against me.
Mostly losing trades and fairly large drawdowns.
Was merely just checking in to see what other members have to say & if any members have had success passing challenges with these robots and I haven’t seen much about this in the forum. I would certainly share my success with the other members and I am sure they would do the same should they have success.
These robots will take a few months to pass these challenges so I just want to get an idea if I am on the right track.
Not much to ask for surely?
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Hey Richard,
We have passed challenges with Prop Firm robots and Petko has also made videos about it. Here you can see one of the videos:
You just need to adjust the settings correctly. But that is not the only thing that will determine if a challenge will be passed or not. It can be the market conditions, the period which you know there are losing and winning periods for the EAs and these are things that you cannot control.
So, what I would say here is just to keep testing the robots, you can also try in demo account and simulate the challenge or in some prop firms, you can have a trial where you can test the robots there as it is like taking a challenge but with no risk at all.
Kind Regards,
Nikos
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hello, how do I change the currency for the Prop Firm Robots?
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What’s going on with USDCHF & USDJPY pairs over the pass few days ive noticed that both pairs are saying that they only took 1 trade
but on my live 25K challenge it took multiply trades mots of witch went into huge drawdown or a lost a bug maybe ? IDK
Also i feel like the prop firm robots app needs more update just like the other service like the top 10 robots its has better futures i feel like there could be more added to this just like the others am not the one to really leave comments but i i’ve been a life time member for a long time and i feel like there could be some changes that can make us as a consumer life a bit better thanks for reading.
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@Nikos, thanx for the update as well. It might be even more helpful for the community to share some more results of passed challenges from other team members or students of the academy. Petko’s successful performance is obviously a solid point of reference, but more points like these are needed to be able to verify consistency and make a more constructive chat on settings and ideas.
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Hey Konstantinos,
I agree with you and we will be really happy if anyone from the community has got results with the Robots to share them!
Kind Regards,
Nikos
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Hello,
I have connected one of the propfirm EA to two different brokers and one triggers and the other does not.
Can you tell me why I don’t have the same trades with the same EA?-
Hey Christopher,
Some brokers, does not allow some trades to be triggered from EAs. This does not mean that the EAs are not allowed in the broker the trades did not trigger but it could be an issue in their server.
Hope this helps!
Kind Regards,
Nikos
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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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I have not hit TP on any of the pairs.
Have been running them for quite some time now.The pairs I am currently running are really struggling and going into some deep drawdown.
Even on lower risk settings. -
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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I am running them a bit over a month, month and half, and had 2 incidents where they got about 50% or 75% to TP but never had a TP hit tbh. I have tried both Y1 and M1, usually not more than 6 pairs, most of the times 3-4, only those with DD lower than 5% (now trying M1 with DD lower than 2%), 1% medium risk and and have spread limit as well high impact news and always keep an eye on them so i believe i havent missed any trades. So far no TP hit.
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Thank you for the info.
Is your account positive or negative?
I am down 3000 usd on my 100k Demo account.
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My 10k went down 200$ but brought it up to 10150 with a combination of manual and trailing stop and not trading Fridays.
My 25k is down 700 after a few ups and downs and I trying check/test best performers to bring it back.My 50k is down 200 after being 500 in profit and same as 25k I m trying to bring it back.
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If you want more details and screenshots etc you can email me [email protected]
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on my side, USDJPY took a lot of trades causing a losses
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Honestly it really looks like and bad CI/CD management. SOmeone in the dev team has pushed the mods too fas in dev state!
I havse some serious inquity about the quality of the latest EA published and the app.
If we listen carefuly at Pekto, we should trust no one on the internet… so fo me, replying on a web app like this will end today!
I would appreciate a reply from Petko itself, not only the moderators
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yes, I’m having the same results.
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Just a note on my comment: I will not stop using the EAs but I will not rely anymore on the web app.
I’m building my own. This way I will be 100% responsible of any behaviour
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Hey Pat,
The Web App works but in the case of USDJPY, it seems that it is a losing period for the EAs that are trading with this pair. You can try again next week and see if that has any different results.
Kind Regards,
Nikos-
Nikos, it’s nout about the EA as it’s normal to see loosing trades. The problem is that you updated the app ( that obviously come from forexsb.com) with new EA. I was using the 6.0 and 6.1 FTMO EA and suddenly the web app dont show anymore theses EA.
A filter on the web app to see EA versions would habe been a smart idea!
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Hey Pat,
We are sorry for the experience and we just wanted to update the app to provide better EAs and better strategies!
Kind Regards,
Nikos
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always same reply with losing period, the thing is why web app and real trades in the accounts are different?
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Hello everyone,
I’ve been using the Prop Firm Robots for Forex trading, specifically the top 5 robots, with three different prop firm demo accounts (each with an account size of $25k), but this past week all my positions closed in loss. Despite following the system, my trades weren’t successful.
My Issue:
Despite using the top 5 robots across three different prop firm demo accounts, each with an account size of $25k, my trades have been unsuccessful this week. Has anyone else experienced this or have any suggestions to improve performance?Thank you,
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Quick question:
Theoretically speaking, when you use M1 EAs they are good to go for a month, the W1 for a week and the D1 for a day. Meaning you would need to check for updates and possible new top performers each month, week or day. Is this more less correct?
And if so, choosing the W1 or D1 EAs would better reflect more recent market behaviours and data (past week and/or past day) so better adapted to what’s happening at the moment? (of course these need to be changed regularly to match the latest update done in the app). And if so does the W1 gets confirmations from M1 and D1 from W1?
Thanx.
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Hey Konstantinos,
You can check everyday and probably there are new strategies being generated for each timeframe almost everyday depending on if the current strategies are profitable or not. It could be that a strategy in M1 could be profitable for 1 or 2 weeks for example.
About choosing between W1 or D1 I think that W1 gets more data which means that it can perform better than D1.
Hope this helps!
Kind Regards,
Nikos
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You are not alone! the new EAs and new update on the web app is bad!
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me to You are not alone!
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For me too, the past 2 weeks all my top 5-6 performers for Y1 and M1 are giving more and bigger losses than wins. Even though i always choose the lowest DD available, with the smoothest graph possible, with spread limit and half lot size. Maybe if I try W1 and D1 for more recent data optimisation results that apply closer to recent price behaviour??
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Hey Wasim,
It is not possible to change the currency of Prop Firm Robots.
Kind Regards,
Nikos -
Hey Pat,
We also had the same results. It seems that there is a losing period for the strategies of the pair. You can try again next week with the new strategies from the App and see if that has any difference!
Kind Regards,
Nikos -
Hey Nikos, thanx, i will give it a try and let you know.
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Hey Konstantinos,
No worries and sure, give it try!!
Kind Regards,
Nikos
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I have just found the same issue.
For the last week it shows that USD/JPY 1209661189 took only one winning trade.
I had 11 trades and a loss of $11 400.59 over the last week.
Please tell us what is going on as we rely on the stats you provide when choosing which EA’s to use?
Much appreciated
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I had the same results also don’t know what’s going on
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I just added the Prop Robots on MT5 and set them up using the Prop Robot app for a 200k account on low risk. It shows two robot versions for all 6 pairs BTCUSD, EURGBP, EURUSD, GBPUSD, USDJPY, and XAUUSD All of them are set up for 15 min timframe. For each pair I backtested which of the two versions for each pair is performing the best then I added that version by dragging the bot to add to the 15 min timeframe for each chart. My VPS is active and I am right now on Demo MT5 account using XM.com for the dowload and Mex Atlantic for the demo account. I see all bots are added to the chart but the bot says “Current Position Closed. Expert Advisor #……. turned off.” What does this mean and how do I turn the bot on to test it on demo. Once I feel the bot is doing well I will connect to trade copier to copy over the trades from the MT5 demo to each of my Prop Firm Challenges.
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Hey Derek,
Can you please provide a screenshot so that I can better assist you?
Kind Regards,
Nikos
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Friend, I’m new here, I’m from Brazil, I have basic knowledge about EA and proprietary tables, by purchasing this ROBO what are the chances of passing the 100k FTMO test? Of course I will use VPS for each test carried out, but I need clarity about the real possibilities of approval with this EA. Can you help? I do not speak english well.
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Hey William,
With trading and prop firms, you should know that it is not always guaranteed that you will pass a challenge no matter what strategy you are using or which robot.
However, you can try setting the robots with low risk in a demo account or trial account if you are going to use FTMO and see if that performs well and if does and you are happy with the results, you can then set it in a real challenge.
If you have any more questions, let me know!
Kind Regards,
Nikos-
Hello, Thanks for the response.
Is it possible to do this test on the FTMO demo account before purchasing the license? Can I test the EA?
Regards,
Willian
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Hey Willian, there is no trial period for the EAs. You can see the backtest of each strategy directly in the app. We started several challenges with these EAs at the moment and you can see the performance in real time as well as the track record for each.
As per our Terms of Service, section for Robot Refunds, we offer a 30-day money back period if the robots are not profitable.
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I believe last week was not good for the mentioned EA.
This week, it seems to be performing better.
Kind Regards,
Nikos -
<p style=”text-align: center;”>Three days ago I downloaded 6 best weekly robots from your new realise. This is the effect. 10% in three days “!!! DOWN!!!!!!!</p>
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Hey Gregor,
Can you try in a different prop firm?
Maybe one that has free trial so that you test the robots before placing them in a real challenge account?
Kind Regards,
Nikos
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Hello Nikos, you don’t understand me. This screenshot is from the demo account fortunately. I bought these robots to try if your robots work on prop accounts, because I don’t believe in your advertising (I don’t believe in advertising at all until I check it out). This screenshot is only example for three days trading with your robots. I understand that the robot is there to be installed and not to think about it, it is supposed to be a passive investment. Meanwhile there are many things that need to be controlled. Despite this, it does not bring profit or even return on investment. This means that these robots are not adapted to current market conditions, although they are quite fresh. Today I started next 6 best robots from last week and now I have 5 open positions – three of which are in profit, but not closed yet. Of course there are different pairs than previous week. We will see and I can promise screenshot at the end of this week. But in my opinion you should give out robots for for example three months and then take the fees if everything goes well. Otherwise it’s not entirely fair.
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Hey Gregor,
I see what you mean but please keep in mind that any robot that you will try, cannot bring profits all the time. It’s the same case with these robots, they are winning and losing periods.
It’s good that you are testing them in demo as this is what we always recommend before putting the robots in a real account and the reason for that is so that you can test different setups that might be profitable for you.
What I would say here is to keep testing the robots until you have found a good setup that is profitable.
Kind Regards,
Nikos
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I downloaded this EA in MT4 version only when it was in top 10 Prop firm robots app.
I now want to use the MT5 version but I cant find it anymore.
Does anyone have access to it in MT5 ? -
Hey Adam,
Can you please tell me more on which EA you are talking about specifically?
Thank you!
Kind Regards,
Nikos -
Prop Firm Robot 100k Medium USDJPY M15 2134225486
Is the actual EA I downloaded. in MT4
I have now gone to a MT5 platform and cant find the MT5 version anywhere.
I would be happy if I can replicate these results over the past 6 months.
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Hey Adam,
The EA should appear in the app if it still exists. If it’s an old strategy, I cannot say 100% if it will appear.
Kind Regards,
Nikos -
Hey Adam, if you have a license for Expert Advisor Studio you can upload the MT4 strategy in the Strategy Editor and then download it as MT5 strategy.
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What setup do you mean, Nikos? Setup is in the algorithm. I use all settings which are appropriate to the size of my account. Maybe these do you mean? I didn’t buy these robots to test them forever, they should earn money, but they don’t. I know that there are some losses on the forex market, using EA’s also, but they are projected to profit. This week I am now in profit about 0,6 % using 6 best robots from last week. I will send here screenshot tomorrow. Maybee should I use only three or four the best? I think you sold the product which is not reliable to your recommends. Can you show me one of your clients who is profitable? And in what way?
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Hey Gregor,
By setup, I mean like the top 3, top 5 etc. You do not need to test them forever, you just need to test them until you see profitability and it seems that from what I see in the screenshot below, there is some profitability so if that continues, you could see on live account how it goes with a small amount!
Kind Regards,
Nikos
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This week was better, my demo account history from last week with 6 best robots
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I’m happy for you, I have a request, do you think you can help me set up the Ea? I already have a vps and ftmo account but I feel like I’ve set it up incorrectly? maybe Discord
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Dear traders,
We are really happy to announce that we passed a 100k challenge with Infinity Forex Funds using the Top 3 Robots from the Prop Firm Robots App on the weekly timeframe!
It took about 2 weeks for the EAs to pass the challenge and today was the day that it was passed!
You can also see here the results:
As you can see it is the first on the list and they passed with 10.05% profit gain!
You can access this table from this link below:
Kind Regards,
Nikos -
i aslo used that
Prop Firm Robot 100k Medium USDJPY M15 1553814431
but not show again now
i show other is “USDJPY M15 #2020345180”
show is best for last month
and last i download “1553814431” in saturday i show i a best in month !
what that !
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Hey majorone,
The App will show the most profitable robots and that can change during the week so that is why you see this change.
Hope this helps!
Kind Regards,
Nikos
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Hi Nikos,
How did you go about choosing the EAs to use to pass this challenge? Did you choose the top three EAs from the previous week going into a new week or did you change the EAs every day based on what was top 3 at the time?
Many thanks,
George.
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Hey George,
I was checking every day to see if there is any EA that is more profitable than the ones I was already trading with!
Kind Regards,
Nikos-
I see, so, would you check at the end of each day for the following morning or at the beginning of the day ready for the day?
Many thanks!
George.
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Hey George,
I am sorry for the late reply.
I look at every start of the day to see if there is any more profitable robot.
Kind Regards,
Nikos
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@Nikos I think what would be beneficial to all is setting a daily routine and checklist for us if possible?
For example:
- Do you check the top 3 each morning, evening etc
- Do you close positions for weekends?
- If an EA has dropped off the top 3 but has an open position do you leave it or close it?
- Are there any conditions that require manual intervention such as closing all for NFP/CPI/FOMC?
Thanks
Craig
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Hey Craig,
I am sorry for the late reply.
So, these are the answers to your questions:
1. I check every start of the day or morning for more profitable robots
2. I do not close the positions
3. I close the position if I have to change the robot
4. I believe that before the news, the robots close the trades automatically but in case it does not happen you can close them manuallyHope this helps!
Kind Regards,
Nikos-
Thanks Nikos! I like to have a structure to work to. By doing it this way it fits nicely to my trading routine. Will see how the demo goes next few weeks
Craig
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Hey Craig,
It’s always good to have a structure and sure let me know how it goes!
Kind Regards,
Nikos
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how long before the news should I close the trade?
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If it does not work automatically, it’s good to turn it off about 15-30 minutes before the news!
Kind Regards,
Nikos
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every week must change to get a best profit to passed or what ! because will need more a week to passed !
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The App identifies which robot is the most profitable. So, with that being said, you just need to change the robots, I would say to check every day if there is any change to make sure you do not miss if there is a more profitable robot.
Also, even if more than one week is needed, what you want to happen is for the challenge to be passed!
Hope this helps!
Kind Regards,
Nikos
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EJ and UJ weekly EAs for 50k 1%, closed after 24 hours with total profit 850$ hitting a manually moved SL, close to hitting TP but price reversed. Yesterday, UJ and UCHF weekly closed hitting SL at 677$ total loss. Replaced the UCHF with EJ. Working on demo, if EJ and UJ repeat the wins 2-3 times more I ll try them on one of my challenges.
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sir plz understand my example
i used “USDJPY M15 #2020345180”
and have order is active with stop lost and take profit and maybe some order win or loss ..
if see next day other USDJPY not “USDJPY M15 #2020345180” in this time must what i do !
1- close all order “USDJPY M15 #2020345180” and change to other .
2- not close any order and lave take profit and stop lose and change to new usdjpy robot ?
and last question
like that will got a best profit i change it every day !! it not must lave robot one week and change every week because maybe got some profit and some loss and in the end will got profit more !
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Hey majorone,
So, you need to close all orders of USDJPY M15 #2020345180 if this is the robot that trades at the moment and change it to the new one.
Also, you need to change the robot everyday if there is a more profitable robot than the one that you are currently trading with!
Kind Regards,
Nikos
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is there a way i could get back a robot that was deleted from the charts ? suddenly when the bots they start to do well i noticed that they’ve been taken down are removed..
anyways is there a way i could get access to a bot that is no longer up on the charts ???
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Hey kashane,
If you mean to download it from the app, that depends on if it will be one of the profitable robots. With that being said, it depends on the profitability.
Kind Regards,
Nikos -
Hallo, this i the first profitable week with 6 best robots from previous week, but the only two which were profitable are USDJPY pair EA’s. Unfortunatelly this week we have brand new set of EA’s so I think I cannot continue with old ones.
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Yes I really don’t know how they expect us to find consistent robots if the robots keep changing every week.
Surely an EA is not meant to be changed every day or every week based on short term profitability? Markets are changing all the times so surely the long terms results are ultimately the most important.We also cannot see the older EA’s once the app has been updated with the new EA’s?
Can someone please explain this?
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ohh i do that close and change “USDJPY M15 #2020345180” to other one see yasterday “Prop Firm Robot 100k Medium USDJPY M15 2013751115” but i got lost today trade and i show is not in site https://eatradingacademy.com/premium-robots/ftmo-robot/app/
and its change and back to “USDJPY M15 #2020345180”
in this way i will lost at all !!
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Hey majorone,
I understand what you mean, this is just the method that we use. You can try a different method if you want, it does not necessarily have to be that one I told you. I just mentioned that one because I know it works!
Kind Regards,
Nikos
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I cannot explain it too. In previous weeks there weren’t any profits using these robots. Maybee they try to correct these wrong ones. This week I set 4 best from last week and last month on my demo of course. And we will see. But I think I will not extend my subscription which ends in July because it’s been half a year without any effect. When I use it on my live account I would be at a loss many times.
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So Far so good, this is the best attempt I have had to date. Up 5.8% using 1% Risk and setting the Top 3 Weekly EA’s every morning. BTC took a chunk but paid it back the next day. Only Issue I have is the contract sizing on XAG, I needed to up the lots by a factor of 10 on RoboForex
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Hey Craig,
It’s great that you are having good results, thanks for sharing!
Kind Regards,
Nikos -
Hey Craig, quick question: When you say you set them up every morning, do you mean that you turn them off and on again in the morning or do you download new weekly EA`S every day?
thank you!
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Hi Andre,
I don’t turn them off and on, I just look at the app each morning and see what are the top three on the 1 Week setting.
I just make sure each day I have those top 3 running
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Hi ive just seen the video on youtube and that you can download the top 3 for free. However i have logged in and it wont let me download them as it keeps saying im not logged in when i go to the page, any help on this?
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Hello, the download link is available in the video description. For convenience I’m sending it here as well.
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Hi All,
Hit 10% Target this morning. Will keep testing a few more weeks. Will start fresh again today. If I can keep this sort of consistency I will put on a real challenge
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Hi,
I have purchased the prop firm robots app. To trade on my funded account which is not FTMO but a different prop firm, would it be okay to trade the top 3 EAs weekly in prop firm app? Do I need any sort of backtesting or can I directly select the top 3 EAs from the app to trade on my funded account.
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Hi, the results might be slightly different with different prop firms as they all use different quotes. In general, we haven’t seen any significant differences. In case you run a backtest, use Open prices only for the model.
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Does the prop firm robot use stealth mode stop losses? I’m about to buy an account from a prop firm and they don’t allow that
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Hi, some of the EAs from the Prop Firm Robots app use fixed SL and other use trailing SL. It would depend on the particular strategy.
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Dear Nikos,
I need assistance with an issue I’m facing with your trading bots on MetaTrader 5. After installing a new EA, it doesn’t open any positions for several hours. Eventually, it starts trading, but by then, new EAs are released on your website, requiring replacement. This cycle results in extended inactivity and no trading profits.Details:MT5 setup with your EAsVPS latency ~2ms to brokerEAs inactive for several hours post-installation
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Hi Shekeb, this isn’t a common behavior. Are you using the default settings, e.g. lots, protections, etc.?
Below you can see a screenshot from a challenge I’m currently running on my own. I added a new EA at midnight and it opened a position in less than one hour.
Do you see any warnings or error messages in the Experts and Journal tabs in your MT platform?
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Dear Marin,
I always use three top-performing robots, but unfortunately, after several hours of switching, only one of the robots becomes active and takes positions. I am using the main settings of the robots without making any additional changes.
I didn’t get any errors and in journal I didn’t see it.
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Dear Marin,
here is the journal log for EAs:
2024.07.10 07:12:00.545 Experts expert Prop Firm Robot 25k Medium EURJPY M15 1344481061 (EURJPY,M15) loaded successfully
2024.07.10 07:12:00.605 Experts expert Prop Firm Robot 25k Medium USDJPY M15 2013751115 (USDJPY,M15) loaded successfully
2024.07.10 07:12:00.771 Experts expert Prop Firm Robot 25k Medium XAGUSD M15 57633752 (XAGUSD,M15) loaded successfully2024.07.10 07:12:01.860 Network ‘77562683’: trading has been enabled – hedging mode
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There doesn’t seem to be anything wrong in the logs that you shared. You just need to wait for the EAs to receive confirmations from the underlying indicators to open trades.
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Dear Marin,
Ok thanks for replying.
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Hi,
Where can I find the manual for the EA that describe all the settings ?
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Hey Michael,
We are currently working on the manual which will explains all about the settings of the EAs!
Kind Regards,
Nikos -
Hi guys,
I noticed that the top 3 weekly and top 5 weekly robots of the prop firm robots app tracking has been removed from the results of funded accounts table on your website. There was a 8 percent drawdown in the top 3 weekly the last I checked. Were these removed because of performance reasons?
Thanks
Kush.
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https://eatradingacademy.com/funded-accounts/ this is the link
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Little Update, After hitting 10% I have kept the process going.
It has had a bit of a flat spot and back to 10% gain but main thing for me is Daily DD not been touched and the balance has recovered. Lets see what the next week hold… roll on 20%
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Hey Craig,
Thank you for sharing your results and we are happy to know that our robots are doing well!
Keep updating us with the performance and results!
Thank you!
Kind Regards,
Nikos
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Hi,
can check if using the top 5 weekly will get positive result ? cause after 1 weeks I still in the negative -2.5% ?
Or should I switch to top 3 weekly instead?-
I can’t say about the top 5 but the Top 3 Has been working for me, however last few weeks have been flat-ish (See Image) Hovering between 12,652 – 13,185
But this seems to be more to do with the market Phase as My other EA’s are underperforming too.
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Hello everyone on the forum. I am using the prop firm FXIFY. I started a $100k challenge with FTMO prop firm bots. So far, I am at -2.5%. I am using the 5 best bots on a monthly frame. After 2 weeks, I left 3 bots that were profitable. Is this approach correct? Is there any documentation with a description of how to use these bots? (I’ve already watched the video)
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Hey Konrad,
Actually, the best approach is to first test on a demo and when you are comfortable enough, you can just go ahead and trade them on a challenge.
What we are basically doing also is that we check in the app to see if there is any more profitable robot than the ones we are trading currently. For example, let’s say that we have a USDJPY EA but on the first robots in the App, we see a different or one of the same pair but with different magic number, we just change the robot that is trading with the one that is on the top 3 or 5.
Hope this helps!
Let me know if you have any questions!
Kind Regards,
Nikos
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Hi Friends , on FtMO here not allowed to use the same signal from different traders , how i can use it when a lot trader use the same robot . ore how can i be sure that i not cach wit them
my Email adress: [email protected]
Thanks for answer
Best regards
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Hi can check for the infinity challenge I notice cannot use crypto so for the top 5 robot approach should I just ignore the crypto bot or I just include top 5 non crypto ea instead ?
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Hey Ron,
Indeed Infinity does not offer crypto assets so you cannot set the crypto EAs. You just need to ignore it and just get the next one if it is a metals or forex pair.
Kind Regards,
Nikos-
Sorry, can check the bot keep losing day by day, how should I handle it else I might lose the challenge, should I hold but when I will know when to resume the same approach ?
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Hi
Appreciate your help.
Question: I set the Prop Robot Parameters page/settings to $100,000 10% Max Loss, 5% Daily Draw Down, and 10% Target.
It’s showing me 19 Bots…. If I run 3 or 5 of them, do I have to add together the Draw-Down percentage for all 3 or 5, in order to make sure I stay under the 10% and 5% draw downs???
Also, separate question…. how often are these updated, and how can we know if 1), it is a “New” Bot posted, or if 2) it’s an update to an existing Bot???
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Hello scatrading,
If you set the Max Loss, daily drawdown and profit target through the App, it will be the same settings in these inputs for all robots you choose to download.
I believe even if you set the same inputs to all robots, they will work fine. At least this is what we have been doing and it has been working fine for us!
You might see every day the profitable robots changing.
Hope I answered your questions!
Kind Regards,
Nikos -
To further add to what Nikos said, the major thing you need to keep in mind is that the settings you can configure apply for every single EA. That being said, if you set the risk settings to high (2% per trade) and trade with 3 EAs at the same time, and they go on a loss, this would lead to 3*2%=6% loss of your account balance which eventually will lead to the challenge being lost due to drawdown. So keep in mind this when trading with multiple EAs.
For the second question, over the weekend the app uploads new strategies if if finds more profitable EAs than the current. So you might expect to see new EAs after the weekend. The stats in the app are auto updated every 30 minutes and at any time you can see which are the top performing EAs with the current market conditions.
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Newbie Questions: A) Can I Manually Close B) Can I adjust the Stop Loss, C) Do these Prop Firm Robots use Trailing Stops….
A) Can I Manually Close… will the Bot keep running “normally” from there, looking for the next trading opportunity
B) Can I adjust the Stop Loss? will the Bot keep running “normally” from there, or does adjusting the Stop-Loss setting affect the operation of the Bot and when it will close the Open Trade, etc….
C) Do these Prop Firm Robots use Trailing Stops….If not why, if not, is it an option to turn on?
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Dear traders,
We want to inform you that the challenges and funded accounts that had displayed on following tables:
Are not going to be visible for now.
The reason is that the Prop Firms that were using Eightcap as their broker are now moving from Metatrader to other platforms as Eightcap has stopped working with them.
We are sorry for the inconvenience.
Kind Regards,
Nikos -
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Hello Guys
Maybe everybody get a message that IFF are changing the trading platform.
“Dear Traders,We are excited to announce that we will be transitioning from the Eightcap MT4/MT5 platform to the new and improved DXtrade platform. ”
Is there any solution about this? Because i know that the prop robots are working with mt4 and mt5
Thank you!
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Hello Svetlin, we’re aware of this situation (check Nikos’ post in the forum). Most probably we will use a copy trading software like this one to copy the trades from a MetaTrader platform to the prop firm account. We’re still testing how it goes and will post an update once we IFF migrate to the new platform and we run tests.
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Hi guys,
Hope you can help. I’ve purchased the Prop Firm Robots on Wednesday late evening and set them all up on a demo account for the FTMO 10K challenge.
I’m currently using the 6 top performer robots in the last month. I do believe I’ve set all everything up correctly, following the video to a T however no trades have been opened yet.
I do understand that this might be due to market conditions no correctly aligned for the robots to open a valid trade however my concern is one and it might reflect on the other robots.
For example, if I take into consideration this robot on 1D time frame I can see that it has opened one position.
The same robot, on the 1M time frame, with the same magic number, has not opened any position on my MT5:
As I mentioned before, I do believe I’ve set everything correctly on my MT5:
Is anyone so kind to be able to point me to the right direction or have experienced my same issue?
I’m currently on an FTMO Free trial and I’d like to make the most out of it before purchasing the real challenge.
Any help will be very much appreciated.
Thanks a lot,
Max
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Hi, can you please attach screenshots from the Experts and Journal tabs?
The “Experts” contains the entire information about the attached expert, including opening/closing of positions, modifying of orders, the expert’s own messages, etc.
The “Journal” tab contains information about the stated actions of the trader and the client terminal within the current session.
Also what is the initial balance of your FTMO account and account currency (it should be USD as the EAs are created for USD account)?
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Hi!
I’ve been trading with the prop EAs for about a month and I’m blown away by the results! I do have a big concern though…if everyone who has purchased these EAs are trading them to pass prop challenges, isn’t there the risk that we will all lose our accounts as the trades will be identical/highly correlated/non-unique?
Please advise how I can make adjustments to the EAs (without ruining their effectiveness) to make my trades unique.
Thanks for an amazing product!
Regards from Cape Town,
Anne-Marie
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Hi Anne-Marie,
Good to hear you’re happy with the robots.
This is a possibility. What you can do is change the magic number, and make slight changes to the take profit, stop loss, as well as the values for the indicators. We will be introducing a randomisation option soon, which will make several changes like the ones I mentioned, but through the software with the optimisation tool to ensure the robots are still profitable but unique.
Regards from Joburg :-),
Ilan
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Hi! If I buy some of your services and get access for example to the Top 10 EAs or the best Prop EAs, will I also receive the source code in mq5 or mq4 format? I am interested in these, because I want to learn the logic that is used etc.
I dont want only the ex4 files. Please let me know how this is working! :)
Regards
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I would like to buy the Prop Firm Robots app. Then install three robots on a MT5 100K Challenge account.
My question is there an installation guide included with the purchase ?
Do I need to make any major changes to the settings?
What does the ZIP file attached to the download contain ?Greetings Frank
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Hi Frank,
There is unfortunately no Install Guide included. You Receive the mql source code of the Robot in the ZIP (either for MT4 or MT5).
You will have to Download and install Meta Trader 5 and Open the source Code in the Meta Editor. Then compile it and add it to a Chart in MT5.
A more detailled approach is in this Video (from Minute 8): https://youtu.be/G5nQMVWxpQU?si=nK9b3IVkKljwL3Lq
Hope that helps!
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The BTC/USD Bot Just took 4 Trades in the past month, but all of them were a win. I absolutely prefer less Trades with a Higher win rate :) Just Imagine you would have a 10k account, with 4 Trades in the past month and a Risk to reward Ratio of 1:2, while risking 1%, you would have earned 8% or 800$ in one month!!
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Hello,
Thank you very much for the quick help. I have now installed the EA BTCUSD and USDJPY on my account. However, I still have a few questions…
Do I have to / can I make changes to the settings…
– I have now changed the entry lots
– maximum daily loss
– max open positionsmax spread is set to 0 …… do I have to change anything?
Greetings
Frank -
Hi Yonatan,
For Mac, please take a look at this article: https://www.metatrader4.com/en/trading-platform/help/userguide/install_mac
If yo haven’t traded with robots on Metatrader before, I’d suggest you enrol in our free 21-Day Algo Trading Program here: https://eatradingacademy.com/algo-program/
Alternatively, take a look at these videos:
Thanks,
Ilan -
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Hey Frank,
The EAs have been created and validated using specific criteria. In addition, prior to downloading them, you select your options – challenge size, risk settings, news filter, etc. Once you’ve done that, the settings are automatically included in the EA and specific to your challenge and risk. I wouldn’t recommend that you change anything, but the source code is included, the properties are open so you can change anything you like. Max spread at 0 means the EA will read the spread info from the broker.
Thanks,
Ilan -
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Hallo, I have been testing on a demo account three robots that Petko gave for free a few months ago. Everything was amazing (15% in a week) until last thursday and then all of a sudden the eurjpy one started opening trades and closing them in a few seconds with around 30 usd stoploss. So I removed that ea and yesterday one on gold did the same thing. Has anybody faced anythihg similar?
I the meanwhile I bought the app and loaded the three top ea of the week and nothing was opened yesterday. is it possible?
thanks for any answer. good trading to you all
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@Christoph_merlo, I don’t understand your question.
Please expand with more details so I can better assist you.
Ilan
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Hi Valentina,
That sounds quite strange. It may be an issue with the broker. It’s definitely possible that no trades opened in a day. If you look at the weekly stats, you’ll see some EAs only open 2 trades a week. As long as you’ve installed them correctly, and your settings are correct, trades will open when the EAs get a signal from the market based on the strategy.
Cheers,
Ilan -
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Hi t.o.n.i,
Unfortunately, this was a limited-time discount and it is no longer active. Be sure to subscribe to our YouTube channels and turn notifications on not to miss any future discounts. We will also add you to our user base of people interested in prop trading and if we have other discounts in the future, you will receive an email about it as it is released, but it’s best to subscribe to the channels and keep watching the videos.
Thanks,
Ilan -
Hi, I have been using some free robots Petko gave for free on youtube with amazing results, therefore I decided to buy the prop firm app but since that I am almost loosing the account.. After a day of profit with 1% risk, Eurjpy and usdjpy had big losses. I almost achieved daily drawdon. So I decided to change them with one ea for gold which had almost no losses in the past 15 days plus the top four of the week (excluding the usdjpy one) and reduced to low risk. I had a few wins but a huge loss with gold.
Result: I only have about 2k usd left before loosing the account. At the moment I switched the eas off.
Does anybody have any suggestions? thank you
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Hi, I have been using some free robots Petko gave for free on youtube with amazing results, therefore I decided to buy the prop firm app but since that I am almost loosing the account.. After a day of profit with 1% risk, Eurjpy and usdjpy had big losses. I almost achieved daily drawdon. So I decided to change them with one ea for gold which had almost no losses in the past 15 days plus the top four of the week (excluding the usdjpy one) and reduced to low risk. I had a few wins but a huge loss with gold.
Result: I only have about 2k usd left before loosing the account. At the moment I switched the eas off.
Does anybody have any suggestions? thank you
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Hi Lisa, have you been able to pass the challenge with the app? I just bought the app as I had tries some eas Petko gave for free and the results were great, but those form the app are not performing as well and I have almost lost the account… coudl you share yoru experience? thanks
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Hi everyone,
I am happy to share my recent results. Some of them are on a good way, with others I wasn’t very happy (might be due to market conditions). I have the following accounts running:
1. Personal Roboforex Cent Account: I went in with top 5 Robots from the app with high risk – without taking a look into the charts – just trusting the top 5 from the last week :D Probably a classical newbe behaviour. The account went 10% down and i stopped it.
2. Personal Roboforex Cent Account: I did some research and went in with top 5 Robots from 1 week and 1 month with low risk. Everyhing went fine for 1 week, I did more than 2% profit. I raised the risk the week after and went down 4%. I adjusted the strategy the week after, taking top 3 from 5 years, 1 year and 1 month with the for me best looking charts (USDJPY M15 #1866099885, XAGUSD M15 #1376098563 and XAUUSD M15 #971234014). This broker doesn’t have crypto trading.
3. Personal BlackBull Account: I took the top 5 from 1 week and 1 moth without considering the charts (I started it the same time as 2.). I went down 2%. Now adjusting to the same strategy as my second account, taking the top 4 robots from 5 years, 1 year and 1 month with stable looking charts (USDJPY M15 #1866099885, XAGUSD M15 #1376098563 and XAUUSD M15 #971234014, ETHUSD M15 #2077851698). I am currently even with this account (+ – 0%).
4. FTMO 10k Account: Started with top 5 robots on weekly basis for the app. Everything went fine so far, with a bit ups and downs. I adjusted to the same strategy as 2./3, taking the top 4 robots from the past 5 years, 1 year and 1 moth. I will adjust it every 2-4 weeks. I changed the robots settings and changed slightly the start and stop signals for 1-2 pips to avoid “copy trading”. From time to time I close the trades manually (before hitting stop loss or take profit) for the same reason. Started 29.09.2024, Currently 1,3% in profit.
5. 5%ers 5k challenge. Started with top 5 robots on weekly basis for the app. Everything went fine so far, with a bit ups and downs. I adjusted to the same strategy as 2./3, taking the top 4 robots from the past 5 years, 1 year and 1 moth. I will adjust it every 2-4 weeks. I changed the robots settings and changed slightly the start and stop signals for 1-2 pips to avoid “copy trading”. From time to time I close the trades manually (before hitting stop loss or take profit) for the same reason. Started 22.09.2024, currently 4% in profit.
6. FundedNext 6k challenge: Started with top 5 robots on weekly basis for the app. Everything went fine so far, with a bit ups and downs. I adjusted to the same strategy as 2./3, taking the top 4 robots from the past 5 years, 1 year and 1 moth. I will adjust it every 2-4 weeks. I changed the robots settings and changed slightly the start and stop signals for 1-2 pips to avoid “copy trading”. From time to time I close the trades manually (before hitting stop loss or take profit) for the same reason. Started 06.10.2024, currently -0,1% in loss.
Hope this helps you to reach your goals as well! I will keep this post updated :)
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Thank you SandOr. i Did not understand how you chose robot. the best one form 5 years, 1 year and 1 month?
At the moment I had amazing results in demo, but when i started using robots in challenges it was a disaster. I followed the strategy suggested by another user who had passed several challenges who changed the robot everyday with the best 4 daily robots. I lost a challenge in 1 week, I lost 1% in a founded account and about 3% in a Fundednxt 6K challenge. On thursday I stopped all robots. I will try with your strategy. thanks
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Hi Valentina,
You are very welcome.
Just to bei transparent Here: I did not pass the challenges yet, I am still in an experimential mode :D
My strategy: Trading 3-5 of the top Bots with Low risk settings.
Further steps:
– Select filter that fits to your challenge and start with 5 years.
– Write down the Bots that have a stable Chart (going straight Up, with Not so many down or sideways trend) starting by the First one.
– select the 1 year Filter and Note down the top Bots as described before
– select the 1 month Filter and do the Same
– Now check, which Bots appear in 5 years, 1 year and One month and select the top 3-5.
-I think it’s Important to mention that especially the 1 month Filter ist very relevant (you could leave Out the First stept with 5 years, I Just wanted to be Sure to have Bots that are Short and Long term very good)
As mentioned I filtered the following bot:
USDJPY M15 #1866099885, XAGUSD M15 #1376098563 and XAUUSD M15 #971234014 and ETHUSD M15 #2077851698
Of course there is No guarantee that they will continue to perform good, but the chances are high :) and remember: there are ups and Downs, but at the end of a week or moth you should BE in profit
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Hi, can anyone, please, esplain me why the same robot EURUSD 098 with the same settings (I just changed sl and tp) takes opposite trades in different accounts? This is not necessarily a bad thing as at the moment I am in profit on one and loss in the other, but I am just curious. The other robots (usdjpy and eurjpy) entered the same trades, more or less, but at least not contrary. thanks for explaining. Valentina
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Hey Stan,
Petko was banned for using the Waka Waka, which is a MQL5 commercial EA. With the prop firm robots, you can make your EAs and trades completely unique by changing the magic number, SL and TP, risk, etc.. We haven’t had any reports of any users using the Prop Firm Robots on FTMO having any issues.
In addition, there’s a very cool new feature in beta testing – randomization! This automatically randomizes the settings of the EA to make it unique, while maintaining the integrity and profitability. It will be released soon.
Cheers,
Ilan -
Hi Valentina,
I’m not sure I understand your question, but every strategy from EA Studio or the Top 10 App, uses the exact opposite rules for long and short entries and exits.
If you mean the EA is opening a long position in one account and a short in another account, I can’t say why. The EA will open a position according to the market and the information it’s receiving from the broker/platform.
Thanks,
Ilan
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I am planning prop firm robots, but not sure which prop firm will work with the BOT without any issue or compliance..
any suggestions please?
I have some in mind, like. FundedNext, GoatFundedTrader, The5%ers.
Anyone from the above or any other apart from these, please do suggest.. Would be really helpful further.
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Hi everyone,
some update from my accounts:
1. Personal Roboforex Cent Account: Stopped (as described before).
2. Personal Roboforex Cent Account: The past week went well and I recovered some losses. Currently -3% in loss, but some floating profits. It will probably recover in the next weeks.
3. Personal BlackBull Account: Did some wrong config, went down -10%, got “fear” and stopped it :D
4. FTMO 10k Account: Currently 1,73% in profit, floating profits are waiting
5. 5%ers 5k challenge: Currently 5,6% in profit, floating profits are waiting
6. FundedNext 6k challenge: Currently 1% in profit, floating profits are waiting.
7. Personal Roboforex Demo Account (for testing bots): 10k with 2% in profit.
Hope this helps you to reach your goals as well! I will keep this post updated :)
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Hi, Everyone. I’m new to the Prop App. Testing is going very well this week on my demo accounts. I’m applying Petko’s daily top 3 methodology a few hours after the market opens, changing out MT4 EAs as needed, and closing any open trades if swapping out an EA.. all using high risk. Silver (XAGUSD) had a nice run today and is still in the top three.
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Hi Orlando,
Just to add to Alan’s answer, before downloading the Prop Firm Robots, we select the profit targets and risk settings. This is added into the code / settings of the Prop Firm Robots, so once the profit target is reached, all prop firm robots will stop trading. They do work independently of each other, but because they have the same account profit targets coded into them, they’ll turn off at the same time, when the targets (or drawdown limits) are reached. Any other EAs will not because they don’t have the profit targets included.
Ilan
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Hi Orlando,
Ilan brings up an important point which may be the correct answer to your question. However, keep in mind that besides the Account profit target, that is set when you download the prop firm robots, each EA also has it own profit target built into it. When the Account profit target is hit then all the prop firm robots open positions will be closed. However, when an individual EAs profit target it hit only that EA will be closed.
Alan,
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Hi,
I have been using the application for about 1 month and every time I place a crypto robot on a chart it does not work, unlike forex robots. I’m on a FTMO account. Recent example: the BTC robot whose code ends in 443 has not opened any trade in the platform while on the application we see an open and winning trade very recently. What’s going on? Thanx
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The usdjpy bot #1599046594 for quite some time used to appear at the top of the ranking of the best performing bots in the last year and the last 5 years.
Now I don’t see it in the ranking anymore, it disappeared from the list of bots.
Can anyone tell me by what criteria bots are removed from the ranking of the best performing bots?
I don’t think the criteria is for performance because until recently (two weeks ago) it was the best performing bot with a big gap over the second one (btcusd). -
It would be really great if the bots that do get removed go to another page of some sorts where we can still track them. The Robots are being changed frequently based on market conditions. I have robots that I am still running on my portfolio that have not been on the app for a few weeks already and they have still been performing well.
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Hi Vincent,
If you’re seeing the blue hat in the corner of the chart, the EA has attached successfully. If the EA didn’t place a trade when it was supposed to, this must be down to the broker or settings. I’d suggest running a backtest for the last week or 2 and see if it should/would have opened a trade on FTMO. If it does have a trade in the backtest, the problem lies with the broker not executing the trade.
Thanks,
Ilan -
The process is as follows:
The Express Generator runs 24 hours a day, creating EAs based on certain criteria. Every Saturday, the Collections – old and new are analyzed and the best strategies are added to the app. The older strategies don’t disappear or get deleted, they’re kept and analysed weekly. Should one of the older strategies perform best on the backtest in that week, in relation to the others, it will be re-added.But, if you’ve downloaded the ‘old’ robots, and you have them trading on a another account – demo or otherwise – you still have access to them and can use them at any time.
Thanks,
Ilan
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Hi Ilan,
I noticed on Saturday that the entire top 10 EAs in the Prop Firm list were replaced (I didn’t compare beyond that). That would indicate that all the new EAs are considered better than those available last week.
Could you give some insight into the analysis and selection criteria, please? What determines the best strategies each week?
Thanks, Brendan
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Hi,
in the setting Daily Reset Hour(Terminal) is supposed to put the reset hour according to the time zone of the VPS right? For example the prop firm account is running on a mt5 terminal on a VPS which is set to NYC local time. The reset hour of the prop firm is 17 EST, it means I have to put 17 into that setting is that correct?
Thanks!
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Hi Guys
I am trading some PROP firm EAs on a demo account, and Im interested to learn the principles behind the strategies. Can you please recommend a course from your list that will explain the indicators and and the reasoning behind the strategies (EAs), and what to look out for when you create the EAs.
Secondly, is there a difference in performance when you trade a demo account vs a live account. Will the market conditions on a live account be more volatile and what should i look out for.
lastly, Once an EA is removed from the Pop Firm App, can it continue to trade profitably.
Regards
Tsholo
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Hey everyone,
I have 2 questions concerning the Bots and your strategies:
1. How do you choose your bots (e.g. 3-5 best week Performers, best month Performers, best year Performers,FX only, …)?
2. How often do you exchange the bots (e.g. weekly, monthly, never, …)?
Looking forward to your Insights!
@ilan do you habe any recommendations?Best, Sand0r
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Hey Guys,
Just been it with massive Drawdown SL hit couple of hours ago on my FTMO 200k demo account. Lastest 10 robots where downloaded on Sunday, all settings are default. Noticed the robots are hedging the trades is it recomended to stop hedging the trades and how can one go about doing that, as I cant see an option to select in the EA setting. I understand that the US elections play a part but wasnt expecting such DD. Any tips advise would be much apprecatted. TIA
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Hi Bob,
I have the same issue! On which criteria did you choose the bots (e.g. best 5 bots per month?).
I will continue with much less risk 0,5% or even 0,25%..
Best,
Sandor
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@Bob how often do you update the bots?
I recently switched to daily updates and got better results.
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Hello everyone. After a long break with the Prop Firm Robot system, i am back to check performance and give it another try with the new features and improvements. Currently set on 10k and 25k challenges on low risk. I usually dont tweak anything regarding indicators and entry. Only risk management, account protections and SL/TP sometimes. I am not trading more than 3 charts and when hopefully funded i will pause for a week to reassess strategy. Currently due to US elections another 2 EAs i am using also had massive DD, as i believe the market will spend next 7 days as well to adjust and normalise. There are many vaariable in place when one of the top 3 economies and markets change administration as there are several policies and annoucnements that will be affected and until these are set and fixed and known, i take it the bulk of systemic traders big players will not make any significant moves and this could affect liquidity and volatility. Eventually, 15-20 days after elections things will be more stable, bear in mind xmas are around the corner as is the new year as well. And although all of these events offer opportunity the downside is price movements can be more ranging than trending and the high and lows more erratic.
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Hi Pascal,
By Update we mean to Download the latest top robots from the App. You can either use Top 3-5 top robots from Last week, month or year. The robots Change once in a while. If your Portfolio goes well, you probably dont need to Change anything or Just do a weekly update. If you have Two or more consecutive losses a Day per robot, you should definitly Update again
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Hi Valentina,
I get your point, but the whole idea behind the app is to have the best EAs, without having hundreds running on demo accounts. To eliminate demo trading.
The EAs don’t disappear. They are still in our collections, and they are validated against historical data – the last 5 years – every Saturday. So, the best EAs/strategies are always in the app. That’s why you might see an EA that was created 80 or 90 days ago, and added 18 days ago for example.
Thanks,
Ilan -
I would say a VPS is critical for EA-based trading.
Otherwise you have to ensure that your PC’s internet connection is really fast, with low latency to the broker’s server, that your PC is always running 24/7, and that the internet connection is very stable and never goes down. If your internet connection goes down your EA may not manage the trades properly and you may lose trades because of that.
You can find cheap VPS, like:
– Contabo
– Hetzner
– Hyonix
Make sure to select Windows OS.
MT5 can run on Linux using certain tools, but setting that up is not for beginners.
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When I put the EA in MT4 I have a smile face but never the indicators, is it a pblem? Is it going to affect the final outcome?
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No, this doesn’t affect the performance. To show the indicators on the chart, you can enable (set to true) the setting for this from the expert properties.
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Hey, the EAs trade at the opening of the bar so you should use Open Prices only as the model for the backtest. There might be some slight differences between different brokers but in general it shouldn’t be something significant. We’re using these brokers’ historical data for the strategies development.
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You can use custom settings, there is interface for that. Check this video where Petko showed how to use custom settings: https://youtu.be/fOwuGnuiBdU?si=SbcbUAFZBET7rina
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I’ve been using fxvps.pro for a few months – no issues and well priced.
I am currently running 6 mt5 terminals and 4 mt4 terminals on a VPS with 12 CORES, 12GB RAM and 30GB space for $46 per month.
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Hi,
there seems to be no support in this forum, there are a lot of newly created topics without any feedback!
@Support: Please take care and check the topics, some are urgent!Thanks
Dominik-
Hi, you can see the last activity next to each post. We reply to all posts in the forum. If you publish in the relevant topic, your post will be replied much faster but if you just open a new topic it might take some time to reply as the correct support member must be assigned to this topic first. That’s why we recommend to use the present structure of the forum.
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Hi, did you followed the instructions from the PDF? For the backtest you should use the Open Prices Only modeling as the EAs trade at the opening of the M15 bar. Also be sure that the EAs you’ve downloaded are backtested on the same account size they are preset for, e.g. if you download EAs for $100,000 account, you need to run the backtest on the very same account size.
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How do I make a Prop firm EA trade only one direction? I’ve tried commenting out various bits and compiling but am missing something, it compiles ok but still takes some opposing trades……
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You might need EA Studio for that to modify the strategy but the end result will be a completely different EA with a different performance.
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Hey I just bought the prop firm robots and went to download some. I wanted to add the news filter like Petko shows in the youtube video but in my custom challenge options box the option was not there for a news filter. I can’t find it anywhere, can you point me in the right direction please?
Cheers,
Dave
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@david_klahnhotmail-com, the news filter is turned on by default and set to “High only”. You can change it from the expert properties. This option no longer can be controlled from the app interface.
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Hi Zafar, the 5 losing trades are from 5 different days as you can see from the chart. Also before and after that there were profitable trades. Another thing to keep in mind is that a strategy may close the position before reaching the SL if it receives confirmation from the indicators. Also some strategies have trailing stop loss.
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Can anyone help or send me the link which explains how to install EA to MT4 0r MT5. I have other EA’s which I can install but the one i downloaded from the prop firm app does not seems to work
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Hi @Ali, there are video guides that you can access on the order confirmation page and from the order confirmation email. Also on the top right section of the app (where’s the YouTube icon), you can follow the link to watch the video guides as well. You can read this article which covers the process as well.
Don’t forget that you need to compile the robots before you place them on the trading account.
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Hey everyone,
I’ve been testing a Prop Firm BOT on FTMO demo challenges, and I keep running into the same issue: the bot consistently fails to trail itself out and hit the profit target.
It seems to handle some trades well but struggles with maintaining momentum toward the profit goal without overstepping the max loss or daily drawdown limits. I’ve tried tweaking the risk settings, modifying the strategy slightly, and even optimizing for different market conditions, but I’m still not getting consistent results.
So here’s the most important question: How do you configure or adjust a Prop Firm BOT to effectively trail its way to the profit target while staying within the rules?
I’d really appreciate any advice, insights, or specific setups that have worked for others in a similar situation. Thanks in advance for sharing your expertise!
Looking forward to hearing your thoughts!
Regards
Joe
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Need some help please as currently failing a challenge, been running various of top performing robots, with standard prop settings (100k, 5% daily loss, 10% total loss, 0.5% risk, 1% randomization) seeing losses increasing. I appreciate markets are turbulent at the minute, however top weekly, monthly and yearly bots are all hitting stop loss.
Any advice on set up or EA selection to see some winners?
EAs tried;
BTCUSD 1655393512, EURGBP 1566083423, EURGBP 866858613, GBPUSD 1518858353, USDJPY 1832248228, XAGUSD 1984165622, XAUUSD 1611800265
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I am not having much luck with these robots. I have been working with EA’s for a long time so know how to install them and have followed the instructions as per the videos. I update to the latest ones each weekend but after two weeks I am still down, in fact I have never been in positive territory since I bought them. When I compare trades to the forward testing on the prop app page they differ a lot to what shows, for example the EURUSD bot shows it won the last two trades, but both my last two trades hit SL.
Any ideas?
If in the next week or two things don’t turn around I want to take up the 30 day guarantee, please advise how to get this refund.
Thanks Dave
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Not sure if this helps but I had the same problem for past couple of months just trading top 3 monthly or yearly bots. what i,m doing now is trading the top 10 on 2 demo’s (one top 10 yearly the other top 10 monthly) at 0.5% risk and am currently up 4% profit in 1 week. Also closing some trades out early seems to have helped me.
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Hi everyone,
I wanted to share some insights based on my own testing of the Top 5 EA from The Prop Firm Bot, which I’ve been using on over 25 FTMO trial accounts with varying balances: 10K, 25K, 50K, and 100K.
I used the default settings for these trials, and what I’ve found is that as the account size increases, the Bot tends to hit the equity protection levels, particularly on the higher-tier accounts (50K and 100K). This is where the issue arises—there seems to be no recovery mechanism that I know of once this equity protection is triggered, and the trades are closed.
Unfortunately, despite reaching out to EA Trading Academy Support, I have not received any solutions or feedback. It has been over 2 months since I first contacted them, and still, no response. I’m beginning to wonder if this issue is something that others are experiencing as well.
If anyone has found a workaround or received any helpful updates from support, I’d love to hear your thoughts!
Thanks for reading!
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Another idea: download the bots, do a backtest, than come back 3 months later and do another backtest. If the bot is still profitable than you probably have a better chance that the bot will stay profitable for some time.
In general these bots are quite over-optimized, with a high likelyhood of failure when starting live. The fact that they now indicate which part of the equity curve shows out of sample data is also helpfull in selecting bots that have a track record in live-conditions. -
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Hi,
Please check this post, it explains more about the generation and validation process.
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Question about Propfirm App: If you install several EAs on one account, how does the risk calculation work?
Regards Guenther
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Hi @Guenther, the risk you set is per individual EA, meaning the more EAs you put on the account the higher risk you take.
For example, if you trade 3 EAS with mid risk (1%), you will be risking 3% from the initial account balance as this is the value which you set when exporting the EAs from the app.
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Hi Marin,
“For example, if you trade 3 EAS with mid risk (1%), you will be risking 3% from the initial account balance as this is the value which you set when exporting the EAs from the app.”
I hope you’re doing well. I have a question regarding the Prop Firm Robot. I am running three of the top Prop Firm Robot EAs from EA Trading Academy on a low-risk setting of 1%, but I’ve noticed that the overall risk appears to be around 3%.
My understanding was that the Prop Firm Robot was designed to run 3 to 5 favorite EAs, and that the total risk across all of them should not exceed 1%, not 3% or 5%. Can you please confirm if this is correct? Additionally, was this risk distribution clearly mentioned in the Terms & Conditions of the EA?
I’d appreciate your clarification on this matter.
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Hi, I wanted to get some clarification on how these EAs operate as FTMO has strict restrictions in this regard, in fact I asked them for information and they replied like this:
“EAs are allowed as long as they don’t interfere with legitimate trading, exploit practices intended to harm us or misuse the Evaluation Process or FTMO accounts in any way.
If you intend to use trading robots (Expert Advisors – EAs), remember that if you use an EA from a third party, other traders might already be using the same EA and, therefore, exactly the same strategy. Using a third-party EA, you risk being denied the Demo FTMO Account if you exceed the maximum capital allocation rule in fictitious funds, which is $400,000 USD in Demo FTMO Accounts per trader or strategy.
You can use copy trade between your personal accounts and FTMO accounts.
However, please note that we do not allow account management, so you need to trade any FTMO accounts on your own.Besides, if you use copy-trading services to perform copy-trading, please note that they are third-party applications. We do not offer copy-trading services, so you need to do your own research and use them at your discretion.
Also, note that we have the Max Capital Allocation set at $400,000 of fictitious funds for one FTMO Trader or one strategy. So after passing the Evaluation process, you can have a maximum of $400,000 of simulated funds for all of your demo FTMO Accounts (prior to the Scaling plan and Premium Programme). ”
So using the EAs provided by you doesn’t easily risk not being paid by FTMO?
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Hi Everyone,
With a lot of Prop Firms now doing interviews as part of the challenge process what is the best was to describe the trading strategy we use when running the Prop Firm robots? I was asked this by Funded Next and got stuck for words and therefore lost the challenge. Any ideas would be greatly appreciated. Thanks
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Hey @gordon93, sad to hear this. The strategies in our apps can be described as trend-following EAs. Can you forward the questions they asked to our support email so we can take a look and try to understand their requirements better. We might address this in a video.
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Hey @gordon93, sad to hear this. The strategies in our apps can be described as trend-following EAs. Can you forward the questions they asked to our support email so we can take a look and try to understand their requirements better. We might address this in a video.
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I read that “We traded the Top 3 EAs from the Prop Firm Robots app, looking at the 1Y performance with 1M crosscheck…”
what 1M crosscheck means?
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Hi @joko-supriyadi, this means that we first look which are the top 3 EAs in the 1 year charts from the app and then we look if the same 3 magic numbers are present in top 3 in the 1 month. We trade only those EAs which are present there as well. It could be all 3, but it could be just one of them.
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You will need a trade copier for this. Sam made some reviews of such tools: https://youtu.be/9_SE9-rbtyc?si=XRUg-jBrQkTsxU1P
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I am now on a mission to see if there’s any software which would migrate the MT4 EA to DXTrade, or is there anyway I can copy trade their. Any advice will be helpful.
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