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0xBitpoolParticipant
Leverage 1:30, meaning you opted for FTMO Swing accounts?
0xBitpoolParticipantYes I was thinking of trying the challenge for a swing account for the extra safety. I must admit not looking for the news is a big plus.
A 1:30 leverage should be fine but if the robot is able to address the overnight / weekend stuff, I’d be happy to keep an eye on the important news to get access to a 1:100 leverage
This raises another question: does the calculation of the min position changes if the leverage is 1:30? As it’s less risky, one would maybe be tempted to multiply the lot size by 3 😏
0xBitpoolParticipantHere is the link to FTMO FAQ for this: https://ftmo.com/en/faq/do-i-have-to-close-my-positions-overnight/
0xBitpoolParticipantOnce we get funded with FTMO, we’re not allowed to keep the trades opened overnight.
I imagine this is the reason why we have the “Entry time” settings in the EA
I have 2 questions:
1) Should we change these settings based on FTMO timezone? (in case they use different timezones depending on your region for example)
2) I’m not sure I understand correctly “keep the trades overnight”. I understand we have to close them before the night. Are these settings covering this case? Or is it just for the entry time but not the exit?
0xBitpoolParticipantI just learned something: the decimal place is important
Example for USDJPY (3 decimal – 1 pip – 0.01)
Price: 149.856
TP: 150.752 => Price difference: 0.896. I was like “What!? 9000pips??” No: it’s actually 90 pips on a 3 decimal currency pair. I can stop sweating lol
0xBitpoolParticipantNevermind, I calculated the price difference between entry and S/L and T/P, and the price values are correct. The graph is weird, but the prices are okay.
Example for EURUSD:
Entry price: 1.05776 / SL: 1.06533 (price difference 0.00757, or in pips 75.7) / TP: 1.05183 (price difference 0.00593, or in pips 59.3)
The settings are SL 75 / TP 60, so it looks good!
0xBitpoolParticipantAnother example:
And the settings:
Should I change the settings? (I use leverage 1:100 if that helps)
0xBitpoolParticipantWhat worries me is the graph screenshot that shows S/L: pips -304.
Shouldn’t it be pips -30.4?
0xBitpoolParticipantTrades are taken. This is my myfxbook link: https://www.myfxbook.com/portfolio/ftmo-demo-challenge-200k/10491050
Started on Oct 22, and got 20 trades
0xBitpoolParticipantStarted on Oct 22, and 20 trades were taken. My myfxbook link if you want to check: https://www.myfxbook.com/portfolio/ftmo-demo-challenge-200k/10491050
0xBitpoolParticipantSorry the myfxbook link for the 5EAs was incorrect. Here is the good one: https://www.myfxbook.com/portfolio/mt4-45219580/10495701
0xBitpoolParticipantOh nice catch! Yes, auto trading is disabled, so no trade will be placed
0xBitpoolParticipantYou 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 🙂
0xBitpoolParticipantHow much did you put in percent stop?
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