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Hi Chandan,
If you see a blue hat in the upper right corner of the chart then the Expert Advisor is working. You just need to give it more time to start trading.
To see the strategy tester click on View in the menu bar and then scroll down to Strategy Tester. If you don’t know how to use the Strategy Tester then go to youtube to find some videos.
Alan,
Thank you Alan! I did find them now, so thank you so much.
I believe my Robots are all set up on my Demo account, so I’m excited to see some activity this week :) thank you!
Hi Nicholas
Close MT5 and then reopen it. Look in Navigator window and you should see the robots. If you see them in the Navigator window then they are compiled. If this does not work let me know!
Alan,
Hi traders, I’m having an issue when compiling the robots in MetaEditor.
I’m following along with Petko’s demo video here: https://www.youtube.com/watch?v=5EWNP9L2q5U
I downloaded the top 5 EAs to my VPS desktop.
I click them, they open in MetaEditor, then click the “Compile” button.
But, after I do that, I don’t see the MQL5 Program files (with the green checkmarks) anywhere in the folder. I can’t find them on the VPS anywhere.
Here is what Petko shows they should look like in his video:
Can anyone help figure out how to find the “green check mark” compiled files after clicking Compile?
Thank you! :)
-Nico
PS sorry if this posts twice, i just posted it but it seems to have disappeared.
Hi Chandan,
Did you adjust the Minimum equity (currency) values so the Expert Advisors will be active?
Have you performed a backtest with the Strategy Tester to see how often the EAs take trades?Alan,
Hi Ryan,
I have sent your request to support. In the meantime if you will add the prop firm parameters to this thread I can calculate the values you will need.
Alan,
Hi Chandan,
This happened because the Minimum equity protection has been activated because your account fell below the level set in the Expert Advisor properties. To get the account working again you need to change the “Minimum equity (currency)” in the properties box.
Alan,
Hi Nicholas,
1. Before you download the prop firm robots you first need to select the account size, Max loss, Max daily loss, Profit target, Risk, and News filter option. Then when you download the robots they will already include all these settings. When scaling all you will need to do is to adjust the lot size.
2. All the robots are separate from each other and do not interact. So if you selected the risk Medium (1% per trade) and you decide to trade all 10 robots your overall account risk will be 10%. Professional traders do not risk more than 2% on any one trade nor do they accept more than 6% per day. This will give you some guidelines as to how many robots to trade at one time.
3. For a 400K challenge the Max loss, Max daily loss, and Profit target will need to be adjusted. If the percentages for the 400K challenge are the same as the 200K challenge then all you should need to do is to double these amounts.
Alan,
Hi everyone,
I have a few questions while getting my EAs set up on a Demo Account:
1.) When we download the robots and select the right account size from the Robots App, do we need to do any adjusting of the Pips for Stop Loss / Take Profit at all? Or they’re already correct? How about when scaling?
2.) Does anything change if we decide to use just 1 EA vs. 10 EAs on the account? Will the robots prevent us from entering too many trades at once across multiple pairs, and manage risk so as not to blow the account, if we are running multiple robots?
3.) Also, let’s say we are doing a $400K Challenge. Would we download the $200K challenge, then what settings would we adjust to make it suitable for a $400K Challenge? Would it just be the lot sizes only, or do we adjust pips for Take Profit and Stop Loss (similar question as above). What other adjustments would we make, if we download the $200K robot, but want to adjust it for a $400K Account?
Thanks so much everyone for your help :)
NcioHi Traders,
Week of March 31, 2024 through April 5, 2024. The following are the seventh week results of trading 10 Expert Advisors (EA) I created using EA Studio. These Expert Advisors where then traded on my second Infinity Forex Fund (IFF) 100K Algo Evaluation account. I analyzed the results this week using FXblue where I sorted this past weeks trading results by the “Net pips” column from most pips gained to most pips lost this week. I then looked at the Net Profit column to determine profits and losses for the week. The following are the results along with the changes made for trading next week:
USDCAD: USDCAD was the top performer this past week with a net profit of $1432.14. I will continue to trade this asset next week.
NZDUSD: NZDUSD came in second place this past week. This asset was not in the top ranking last week so it traded with a 0.01 lot size and had a profit of $8.06. I have increased its lot size from 0.01 to 0.84 lots. I will trade this asset next week.
USDJPY: USDJPY came in third place this past week. This asset was not in the top ranking last week so it traded with a 0.01 lot size and had a profit of $3.55. I have increased its lot size from 0.01 to 0.77 lots. I will trade this asset next week.
GBPUSD: GBPUSD came in fourth this past week with a net profit of $148.48. I will continue to trade this asset next week.
NOTE 1: EURGBP, EURJPY, EURUSD, USDCHF, AUDUSD, GBPJPY all had losses this past week. They will all have lot sizes reduced to 0.01 lots and will continue to be traded this next week.
NOTE 2: The profit to the account this week was $923.49. The total profit for this account to date is $107,522.20 and must reach $10,0000 to pass the one step Evaluation and become funded. Based upon the current weekly return of 1.0% I calculate it could take three weeks to become funded.
NOTE 3: The total account risk for trading this next week will be 2.0% to reduce chance of drawdown due to the majority of Expert Advisors not being profitable at the moment. This account will not increase risk beyond 3%.
This first chart shows the trading results for this past week:
This chart shows trend line of the cumulative profit this week:
This chart shows the statistics of this account since inception:
Alan,
