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Has anyone had TP hit on any pair EA of the Prop Firm Robots in the past 14 days at all? If so can you please share result and/or settings and which pair and TF you used?
Has anyone had TP hit on any pair EA of the Prop Firm Robots in the past 14 days at all? If so can you please share result and/or settings and which pair and TF you used?
Has anyone had TP hit on any pair EA of the Prop Firm Robots in the past 14 days at all? If so can you please share result and/or settings and which pair and TF you used?
Has anyone had TP hit on any pair EA of the Prop Firm Robots in the past 14 days at all? If so can you please share result and/or settings and which pair and TF you used?
Has anyone had TP hit on any pair EA of the Prop Firm Robots in the past 14 days at all? If so can you please share result and/or settings and which pair and TF you used?
@Nikos, thanx for the update as well. It might be even more helpful for the community to share some more results of passed challenges from other team members or students of the academy. Petko’s successful performance is obviously a solid point of reference, but more points like these are needed to be able to verify consistency and make a more constructive chat on settings and ideas.
Judging performance of an EA system that offers multiple pairs/EA that are constantly optimised is virtually impossible. However, if that system is designed for prop challenges, and if one two or more EAs do hit SL 3-4 times in a row, that can be a liability, as unfortunately these challenges all have limitations. Which if taken under consideration, then certain adjustments need to be done both on traders end but maybe also on developers end to try and offer as much protection as possible. In my opinion, if your EAs are losing 1-3 consecutive trades, then you should close the positions manually if the next trade is also going the wrong way for you. Or tighten spread limits and/or amount of trades to take within a day. My selection is not the top performers blindly, it’s max 3 EA pairs, and all of them have to be with less than 5% DD and the balance-equity graph has to be as smooth as possible and the equity never drop or rarely drop significantly below the balance line. Further to that, I alaways half the proposed lots and have all selected pairs with 30 points max spread and only one trade per pair per day, and just add 3-5 minutes before and after high impact news. Don’t touch anything else on the settings not even trade time, I leave it as is. If despite all that the system is still pushing my accounts too strain, then I stop trading altogether. And if i try again and still face issues well maybe I need to change the system. Probabilistic and statistical approach for me at least doesn’t offer much input tbh, as the price will either go up or down. For me the success is best possible entries on best possible TF and best possible account protections. I am still going to lose trades but having that in place would most likely mean I will lose smaller and win bigger. To allow me to increase the lots gradually and pass the challenge.
EURGBP seems to be the most stable in profitability the past few days. Not sure whats the solution here but needs smoe testing.
Yep it seems that besides 1-2 wins the latest bots are struglling indeed, with the USDJPY M15 #2134225486 specially, losing about 3-4 trades consecutive currently on losing direction as well. I believe we need to check different top performers, maybe with even lower DD(?)
Hello everyone. I hope this weeks trading is treating you all good. I know trailing stop is not Petko’s trading style, but it would be a great help for those that would occasionally use it as profit protection with positions that either are on strong trend our way and/or have a big SL/TP setting, like XAU.
I hope you can consider this if possible.
Thanx.
Hello everyone. As the new trading week is approaching, ayone has any ideas suggestions for settings on XAU M15, EU M30, EA M30 and UCHF M15? Thanx in advance.
@paul4x i would also consider taking my trading pairs to about -50% SL/TP on a 1:2 ratio and possibly add a max spread limit about 15 points for forex and 30 points for xau.
@paul4x yep that’s a good idea as well. Tbh the XAU pair seems the most active-profitable-low DD EA on the board so far. However due to its volatility can sometimes return more losses. So perhaps tightening the TP from 9000 to 5000-6000 would be a solution limiting the chances of a reversal as for the price to hit the default TP is a long distance and lots of things can happen to turn things around until it hits that TP. So if the XAU is more active, then yes a smaller TP that would most likely be hit more often would also be an excellent choice.
Experience lesson: yesterdays gold super bullish move to a new high, besides eating away all my previous wins of the week, really was the proof and lesson I needed to understand how to better manage the FTMO Prop EA trading. See the SL/TP range is huge and by design that is to allow the XAU movement towards TP. However, as of yet the TP has never been hit, whereas SL sometimes and if not the open trade stays well within loss until it reverses to profit. Sometimes the EA will close the trade early and open opposite direction but not if it doesn’t get the required opposite signals. Now here is the breakdown for me: you shouldn’t allow the EA to go over 100$ in loss with XAU especially if you are running it on default protections with no spread/max lot/max open positions protections. If the EA has opened a wrong direction position, I would let it run up to 100$ loss and most likely close the trade and possibly open a new one manually to the opposite direction as this movement is a strong indication of the trend going the other far the other way and until it comes back that is usually the profit direction. I have noticed that if the pair is chopping there is no real danger as it will definitely return to the opening direction soon. But if the pair is trending and trending strongly, then it won’t come back anytime soon and I would need the opposite direction to match my losses and also gain some profits. So the way the EA trades when loosing at least with XAU, can be used as a strong confirmation to either hedge with an opposite direction manual trade so you can offset the loss to breakeven and even gain some profit while waiting for the reversal or if you want to play it safe simply close the wrong direction after 80$-90$ loss and open an opposite direction IF the chart is showing strong trend and high volume on that trend. The EA usually opens the correct direction but because the SL/TP for XAU is huge you should really be careful when the trade is not going the right way. This supposed to be a bearish move but turned out to be the most impressive bull trend I have seen the last couple weeks with any pair. Due to work commitments I wasn’t on my PC to make changes and caught this late on my mobile after the open loss was about 380-400$, so at that point I had to let it play out. But since it wasn’t coming back this morning and the SL was at about 500$ I closed the trade, as it was affecting all three of my challenges. Thankfully nothing else was open so this move didn’t activate my EP, however I think I ll pass todays trading as the losses counted on todays trading and if another one like this happens it could be an issue. Please note so far the EA has been very successful and was able to manage it correctly. But it needs monitoring like that as sometimes it will be very wrong although its calculations are correct but the market is not playing ball as it has a mind of its own and can go either way without notice.
Hello Anne. What i would do, is check first that autotrading is on, if the correct url is set in the expert options in metatrader, and if i get any errors in the experts tab or in the journal tab in metatrader. If all this checks out, and i have made sure that i have the correct EA for the correct pair for the correct TF, then i would check if any of the protection settings are on preventing the EA to open trades as it should for protecting the account. By default these are off to 0 for spread, max lot size and max orders open, and only the trading hours are auto calculated for each pair which means the EA wont open trades outside this timeframe. If all the above checks fail to correct the issue i would contact support with a few screenshots for furthert assistance. I hope this helps :-).
