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Tagged: daily stop, Failing challenge
- This topic has 8 replies, 6 voices, and was last updated 3 weeks, 5 days ago by Daan Terstegge.
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December 5, 2024 at 13:02 #382959Joseph YongParticipant
Hey everyone,
I’ve been testing a Prop Firm BOT on FTMO demo challenges, and I keep running into the same issue: the bot consistently fails to trail itself out and hit the profit target.
It seems to handle some trades well but struggles with maintaining momentum toward the profit goal without overstepping the max loss or daily drawdown limits. I’ve tried tweaking the risk settings, modifying the strategy slightly, and even optimizing for different market conditions, but I’m still not getting consistent results.
So here’s the most important question: How do you configure or adjust a Prop Firm BOT to effectively trail its way to the profit target while staying within the rules?
I’d really appreciate any advice, insights, or specific setups that have worked for others in a similar situation. Thanks in advance for sharing your expertise!
Looking forward to hearing your thoughts!
Regards
Joe
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December 5, 2024 at 13:02 #382445Louie MooreParticipant
Need some help please as currently failing a challenge, been running various of top performing robots, with standard prop settings (100k, 5% daily loss, 10% total loss, 0.5% risk, 1% randomization) seeing losses increasing. I appreciate markets are turbulent at the minute, however top weekly, monthly and yearly bots are all hitting stop loss.
Any advice on set up or EA selection to see some winners?
EAs tried;
BTCUSD 1655393512, EURGBP 1566083423, EURGBP 866858613, GBPUSD 1518858353, USDJPY 1832248228, XAGUSD 1984165622, XAUUSD 1611800265
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December 6, 2024 at 12:56 #382566Louie MooreParticipant
Getting worse by the day! Any support appreciated before hitting 10% stop out ?!
see todays losses attached. Balance $94k
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December 17, 2024 at 21:21 #384363Valentina BolattoParticipant
Hi Louie, were you able to solve the issue? I am facing the same problem with different eas. For example with gold 465 which inin the first 5 of monthly, 1 of 1 or 5 Years (i’m not sure) but today it started 6 trades and all hit sl. :-(
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December 20, 2024 at 0:36 #384822A BaileyParticipant
Not sure if this helps but I had the same problem for past couple of months just trading top 3 monthly or yearly bots. what i,m doing now is trading the top 10 on 2 demo’s (one top 10 yearly the other top 10 monthly) at 0.5% risk and am currently up 4% profit in 1 week. Also closing some trades out early seems to have helped me.
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December 23, 2024 at 10:32 #38533427shellsParticipant
USDJPY is in an uptrend, need to focus on Buys, not sells. GBPUSD is in a downtrend, need to focus on sells. Does the EA that you’re using allow to only trade one direction? You may need to set it to that. Always take a look at the higher timeframes before letting these loose on your money. :)
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December 23, 2024 at 10:43 #38533627shellsParticipant
Hi Joe,
What TP’s and SL have you set for your pairs? Are they realistic for that pair? I had to change my settings to suit the trading that I wanted out of it. Maybe check your settings for TP and SL and R:R.
I don’t use TSL’s, so I can’t answer that one sorry.
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December 24, 2024 at 7:55 #385486Joseph YongParticipant
Hi everyone,
I wanted to share some insights based on my own testing of the Top 5 EA from The Prop Firm Bot, which I’ve been using on over 25 FTMO trial accounts with varying balances: 10K, 25K, 50K, and 100K.
I used the default settings for these trials, and what I’ve found is that as the account size increases, the Bot tends to hit the equity protection levels, particularly on the higher-tier accounts (50K and 100K). This is where the issue arises—there seems to be no recovery mechanism that I know of once this equity protection is triggered, and the trades are closed.
Unfortunately, despite reaching out to EA Trading Academy Support, I have not received any solutions or feedback. It has been over 2 months since I first contacted them, and still, no response. I’m beginning to wonder if this issue is something that others are experiencing as well.
If anyone has found a workaround or received any helpful updates from support, I’d love to hear your thoughts!
Thanks for reading!
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December 26, 2024 at 17:14 #385858Daan TersteggeParticipant
Another idea: download the bots, do a backtest, than come back 3 months later and do another backtest. If the bot is still profitable than you probably have a better chance that the bot will stay profitable for some time.
In general these bots are quite over-optimized, with a high likelyhood of failure when starting live. The fact that they now indicate which part of the equity curve shows out of sample data is also helpfull in selecting bots that have a track record in live-conditions.
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