Massive Drawdown

[Bob Gal]

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 

[Sand0r]

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

[Sand0r]

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

[Bob Gal]

Hey Sandor,

I chose the 10 best month bots ive just hit more massive DD currently sitting on $6500 DD

Best

Bob

 

[Bob Gal]

Update,

My FTMO 200k demo account has been lost 6.5% DD EP was set but didnt tag me out at 4.8% like it should have done.

Has anyone else experanced the same fath ?

Regards

 

 

[Bob Gal]

[Sand0r]

@Bob how often do you update the bots?

I recently switched to daily updates and got better results.

[Bob Gal]

Hello Mate,

I update every week and select the best 10 for the month with 1.0% risk however ill now test best 5 EA after watching Petko video last night.  Im on a FTMO Demo 200k account that will end next week and ill test again.

 

[Konstantinos Borsis]

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.

[Pascal1602]

Hello, my bot is not running well. It almost only has the SL 😓 What can I do about it? I use 5 different bots. I read that I should do an update, but where can I do an update?

[Sand0r]

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

[Pascal1602]

<p style=”text-align: left;”>Thank you 😁👍</p>

[LaurelAudrey]

I guess i am not the only one with massive drawdown..

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