- This topic has 472 replies, 24 voices, and was last updated 1 week, 6 days ago by
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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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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? -
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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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, 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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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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nevermind, I’ve answered my own question.
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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 i just bought the ftmo robots today is there a way i can get the 4.3 versions somehow ?
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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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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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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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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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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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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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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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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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Hey Traders,
I recorded a complete guide for the FTMO Robot:
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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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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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thanks , it working well after adjusting the input
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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,
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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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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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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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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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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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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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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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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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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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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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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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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My issue has been resolved. Thanks for the support @Marin
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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 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 -
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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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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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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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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hello, how do I change the currency for the Prop Firm Robots?
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Hey Wasim,
It is not possible to change the currency of Prop Firm Robots.
Kind Regards,
Nikos -
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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<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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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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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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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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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 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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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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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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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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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 -
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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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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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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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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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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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