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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,
Hi Thommon38,
You will need to adjust certain EA parameters for a 3K account so it will work. The following link is an example on how to do it. If you need further help please let us know.
https://eatradingacademy.com/forums/topic/ftmo-robot-app-v6-0-new-features-released/#post-225623
Alan,
Hi ec,
The Top 10 robots app will have many more robots to chose from and will also contain a couple of crypto robots.
Alan,
Hi Angelo,
I do not know of the 2 options your are referring too as you have not linked them here so I can review them. What I have seen Petko do in some of his videos is he will compare all the Backtest Output results for both M15 and H1 and chose the one with the best overall Backtest Output results. This could have been what he did in the 2 options you are referring too.
If you can link the 2 options to this reply maybe I can give a better answer.
Alan,
Hi everyone, actually have a 2nd question as well –
I’ve noticed some of the robots on default settings are NOT a 1:2 RR when downloaded (some are, some aren’t, it depends on the pair)
Given that… how do we scale, what scaling plan do we follow in our challenge, or should we adjust the robots to be 1;2?
Just getting prepared and want to make sure I understand Petko’s scaling plan. If the robots were 1:2, or 1:3 i would understand the scaling plan, but I’m not sure what to do if they are closer to 1:1, which some are.
Thank you very much,
NicoHi Jordan,
Yep, that would trigger the account protections. Happy to hear you resolved the issue. Let me know if I can be of any further help!
Alan,
Hi Jordan,
It looks like this may have occurred because one of the Account Protections has triggered and removed the Expert Advisor. This happens to protect your account. I cannot tell which of the three account protections has been triggered without seeing the nomenclature in the upper left corner of the trading chart. If you can show a screenshot I can advise you further.
Alan,
Hi Traders,
Exciting update – I’ve had the top 5 robots running on a Demo account for under 48 hours, and currently have 3 trades open! All in profit at the moment. Just excited to see this working. :)
I have a few quick questions in regards to using the robots on Prop Firm challenges?
1. Does the leverage matter in your Prop firm accounts? Anything to be aware of in regards to account leverage when running the EAs?
2. What is better, all-in or raw spreads?
3. In Terms of Scaling when using the EAs, is the suggested way to wait till half your profit target is acheived, then double the lot size? Or, do you scale after you’ve won 1 trade for the day (so the second trade after that is doubled?) or is it personal preference? Just wondering what is the best/most recommended path to scaling?
Thank you all!
Best,
NicoHi Raymond,
Go to upper right corner of the trading chart and right click on the smiley face or blue hat. Select Expert Advisor, Properties, Inputs. There you can adjust the lot size.
Alan,
Hi Nicholoas,
When you install an EA onto the chart the first thing you always do is to make sure the chart and the timeframe match up with the EA. Instead of looking up at the upper left corner of the chart you can also look at the chart tab.
If you have multiple charts open in metatrader and you select a different chart by clicking on the chart tabs this does not close the chart. However, if you right click on a chart tab and select Close this will close the chart. When the chart is closed the Expert Advisor will not longer be working.
If you want to stop one Expert Advisor from running and allow others to continue to run you have two options. You can delete the Expert Advisor from the chart or you can right click on the smiley face or blue hat in the upper right corner of the chart and Expert Advisors, properties, and Common. Then you can uncheck Allow live trading.
At the end of the week if you want to install new Expert Advisors you can right click on the smiley face or blue hat in the upper right corner of the chart, select Expert Advisors, and then select Remove. Now you can install the new Expert Advisor. If you have open trades you have the option to continue to let them trade until they close by themselves or you can go ahead and close them after the markets open on Monday.
Hi everyone!
Luckily i was on a demo account but i made a small mistake. I think i figured it out but want to check.
1.) If you wanted to double check that your correct robot is on the correct chart, can you maximize the chart and make sure the text in the upper left, and upper right match?
For example:
Upper left: GBPAUD, M30 Pound Sterling vs Australian Dollar (this is the CHART you’re looking at right?)
Upper right: Prop Firm Robot v6.0 10k Medium GBPAUD M30 (i think this is the name of the robot?)
Basically, can you check that these 2 match ^ to know that you put the right EA on the right chart?
I had made a mistake earlier and noticed that they did NOT match previously, so i had to close charts and reopen the right ones, and now they all match.
2. If you close a chart, does the EA stop trading on it? If not, how would you stop the EA from trading that currency pair?
3. What do you do at the end of the week, when you check the Prop Firm Robot App to see the top performers and they’re different? So basically, if the “top 5 pairs” for the next week, are different pairs from last weeks, how do you remove last week’s robots properly?
Thank you very much everyone! :)
-Nico
Hi Kelly,
You can go to the Prop Firm robot app, select Y1 and then look at each robot and look at the count of trades. For example, if it shows 52 trades then that will give you an idea that on average that robot places one trade per week. So if you have three robots you are trading then you might expect to see 3 trades per day if each robot places 1 trade per week on average. This should give you an idea on what to expect.
Alan,