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Hi Joseph,
Here are the setting you need:
Max Daily Loss 234
Minimum Equity 5646
Maximum Equity 6363I cannot give lot size requirements without knowing the currency pair and the account risk.
Alan,
Hi ahmad,
How long has it been sense you sent the email? Sometimes it may take a few days as support sometimes gets swamped with emails to answer.
Alan,
Hi Skeltor0906,
When those three are set to zero it means they are disabled. When they are disabled they will not affect the operation of the robot. The robot will continue to open and close one position at a time. I always leave them set to zero.
Alan,
Hi mkfxtim,
Looks like you have everything set up correctly. There is nothing else you need to do except be patient and give the robots time to trade.
Alan,
Hi Angelo,
I use various EA Studio settings when creating my Expert Advisors. I have found there is not just one set of EA Studio settings that make the Expert Advisors profitable, its the overall workflow. However, the follow are the EA Studio settings I used when trading the Expert Adviors with an FTMO Challenge. Please be advised that I live in the United States and can no longer use FTMO Challenges as FTMO no longer allows the use of MT4 or MT5 in the US.
M15
3 years data
300 minimum trades
1.2 minimum Profit Factor
Reactor with Generator + Montecarlo (80% passed on the last two options: Strategy variations both checked, Market Variations both checked.)
OutOfSample not used
MonteCarlo uses default settings
Collections: Data Horizon changed to last three months. Profit factor increased until 10 strategies left. I then select the one strategy with best balance line.
On average, after how many weeks do you create new Portfolios from scratch because the first does not profit anymore? Every weekend I select the top 3 performing Expert Advisors. I use FXblue and sort the Expert Advisors using the Net Pips column.Now for the workflow: To view the workflow I use follow the thread in the following link:
https://eatradingacademy.com/forums/topic/recommended-forex-pairs/#post-239251
https://eatradingacademy.com/forums/topic/prop-firms-infinity-forex-funds/#post-239385Alan,
Hi hsin cheng chen,
I noticed your demo account balance is $11,000. The following settings would stop your account from trading if it loses 5% in one day, it will also stop your account from trading if it loses a total of 10%, and it will also stop your account from trading if you have a profit of 10%. If you do not want any of these protections then just set them to zero.
Max Daily Loss 539
Minimum Equity 9911
Maximum Equity 12105.5Alan,
Hi hsin cheng chen,
The reason why it is not working in the picture above is the “Maximum Equity Protection” has been activated. This protection needs to be changed in the robots properties dialog box when installing the robot. If you are using the robot on a brokerage account you can disable this protection by changing the value in the dialog box to zero.
Alan,
Hi hsin cheng chen,
You can run the Prop Firm Robots on any prop firm or broker. I am currently running the Prop Firm Robots on my Infinity Forex Firm 100K Algo Evaluation account.
https://eatradingacademy.com/forums/topic/recommended-forex-pairs/#post-239251
Alan,
Hi Traders,
Week of March 3, 2024 through March 9, 2024. The following are the third week results of trading the 10 Expert Advisors (EA), I created using EA Studio, on my second Infinity Forex Fund (IFF) 100K Algo Evaluation account. To analyze the results of trading my EAs this past week I used FXblue and sorted the list by the “Net Pips” column from maximum pips to minimum pips. I then reviewed the Symbols column for the following results:
<b>EURUSD:</b> EURUSD was the top performer this week with a nice profit of $2050.00. I will continue trading this EA next week.
<b>GBPJPY:</b> GBPJPY was the second top performer this week with a nice profit of $349.80. Last week this EA was the top performer posting a small profit with a 0.01 lot size. I then reinstalled this EA with the normal lot size for an account risk of 0.5% adding it to my list of trading EAs.
<b>USDJPY:</b> USDJPY was the third top performer this week. The reason the profit was so small this week was because the lot size was only 0.01 lots. Although the lot size was so small it had the third largest pips for the week and is the reason why it came in third place. The reason why the lot size was so small is because I have been testing this EA over the last three weeks. I will now reinstall this EA so it will have the proper lot size for an account risk of 0.5%. I will trade this EA next week.
<b>USDCAD:</b> USDCAD came in fourth place this week with a nice profit of $320.24. I will continue to trade this EA next week.
<b>GBPUSD:</b> GBPUSD came in fifth place with a very small profit. The reason it came in fifth place was because it had the fifth largest gain in pips for the week. The reason for the small profit is because I have been testing it with 0.01 lot size. Because of the very small profit this last week I will not add it to my list of trading EAs.
<b>AUDUSD:</b> AUDUSD came in sixth place with a small gain for the month. This EA has a 0.91 lot size for an account risk of 0.5%. I will continue to trade this EA next week.The last 4 EAs remain in losing positions and will continue to be tested with a lot size of 0.01 lots.
<b>ROBOTS TRADING NEXT WEEK:</b> EURUSD, GBPJPY, USDJPY, USDCAD, AUDUSD.
<b>TOTAL ACCOUNT PROFIT:</b> The total profit for this account last week was $2744.71. The total profit for this account since I have been trading it is $4805.76. This account is now half way to reaching its target price to pass the Evaluation!
<b>TOTAL ACCOUNT RISK:</b> The total account risk for trading this next week will be 2.5%.
The following is the account stats from the beginning when I first started trading this account on February 17,2024.
Next update March 16, 2024
Alan
Hi burakosova,
Yes it is possible to pass the challenge with the top 3 robots from the previous week but it is not always possible. If it were possible to do this every time he would have passed all the challenges and varification stages and he would have max’ed out all the funded accounts possible on all the prop firms. What you need to know about trading is there are no guarantees only possibilities. For this reason, while Petko has passed challenges using the top 3 robots from the previous week I do not believe he always succeeds a passing the challenge this way.
I am not sure if Petko always allows the robots to reach tp or sl. What makes sense to me is if the robot is very close to reaching the tp but looks to be changing direction I would close out the trade and I wouldn’t doubt Pekko would do the same thing. Also if a trade is close to sl and starts to change direction I would let the trade continue to run. If the trade the starts to reverse direction again and start heading towards sl at that point I would close out the trade.
Alan,
Hi burakosova,
The actual trading results with your broker can be different than what shows up in the Prop Firm Robot app. Even with FTMO I have noticed differences when the same robot is traded on the FTMO demo account and the FTMO Challenge account. The reason for this is the historical data are not the same.
Here is what you need to know about the Prop Firm Robots app: The results shown on the app are from backtesting done with EA Studio and not from trading on an FTMO demo account or an FTMO Challenge. While EA Studio is the best backtester there is, it does not perfectly replicate the same results of an FTMO demo account or an FTMO Challenge. It is a backtest simulation!!! Therefore, while XAUUSD M15 showed the same result as the Prop Firm Robot app I wouldn’t expect it to perfectly match your trading results every week. Also, for the same reason, don’t expect the results of XAUUSD M5 to always be same as the app.
Alan,
Hi Traders,
Week of March 3, 2024 through March 9, 2024. The following are the third week results of trading the Prop Firm Robots on my Infinity Forex Fund (IFF) 100K Algo Evaluation account. The first week was used for testing all 14 robots with the IFF server. The second week was actually the first week of trading.
XAUUSD: XAUUSD has posted profits now for two weeks. I will continue trading this robot next week.
USDCAD: USDCAD posted a small profit a week ago and was added to my list of trading robots. However, this last week USDCAD posted two losses for a total loss of $555.16. So why did this robot show a profit a week ago and two losses this past week. The answer is volatility. This last week the market was extremely volatile due to the US News Events concluding with the Non-Farm Payroll news event on Friday. Since normally the weekly volatility is not as volatile I will continue to trade this robot next week.
EURUSD: This last week was the first week EURUSD placed trades since I started trading the Prop Firm Robots on my Infinity Forex Fund 100K Algo Evaluation account. The reason the profit was so small this last week is because I have been testing it on the Infinity Forex Fund server with a small lot size of 0.01. I will now reload this robot onto My MT4 EURUSD chart so this robot can trade this next week with the proper lot size for a 1% risk to my account.ROBOTS TRADING NEXT WEEK: XAUUSD, EURUSD, USDCAD
TOTAL ACCOUNT PROFIT: This past week showed a small loss of -$78.97, however, the total profit for this account over the last two weeks since I started trading this account is $411.17. Based upon this I should pass the Evaluation process in about 4 months. What I may decide to do once the account reaches the half way point to hitting the profit target would be to increase risk to reduce the time period to complete the Evaluation stage.
Next update March 16, 2024
Alan
