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Greetings Traders,
We want to inform you about the substantial drawdown experienced by the Forex Gold Investor on Friday, April 12th. Following our direct communication with the developers, they are taking swift action to resolve this issue and are enhancing the EA with additional daily drawdown protections to prevent similar incidents in the future. Furthermore, Petko will be creating a video to discuss the drawdown in detail, which will be published on our YouTube channel in the coming days. It’s important to remember to trade all EAs with conservative lot sizes to manage risk effectively!.
Trade safe,
Ilan
Hey Michael,
Looks like a solid plan. It does seem however, that you are relying very heavily on USD, as it’s part of every pair. Try diversifying a little more with the currencies. So for example, using these currencies, add more pairs like EURAUD, EURGBP, AUDJPY, GBPJPYetc.
Good luck!
Ilan
Hey Michael,
The EAs are identical for MT4 and MT5. When downloading them from EA Studio, we download an MT4 and MT5 version of the same strategy.
Cheers,
Ilan
Hey Sion,
If it’s the FTMO Robot, which I believe it is, they should be on the chart when you load the EA. Have you loaded all 8, and do you see the indicators, like this?:
Hey Sion,
Difficult to tell from the image above, without the indicators displaying. But, if it exited, it means the exit rule was triggered.
Cheers,
IlanHey Eric,
Yes, you can. You can use as many as you’re comfortable using, based on the criteria who select (profitable trades, profit factor, etc.). Just make sure you adjust the entry lots and risk settings to match the account size and number of EAs, so you don’t risk too much.
Cheers,
Ilan
Hi Ghiath,
If you run a backtest, do you see trades that would have opened? It sounds like all your settings are correct, and trades should be opening. I’d suggest running the backtest, saving the results and asking the broker why trades have not executed, when clearly, the backtest shows that they should have. Also, check your journal for any errors. Could be a connectivity issue with the broker’s sever.
Cheers,
Ilan
Hi Emre,
This sounds like a problem with the broker or their server. Slippage maybe. Or it could be a problem with the auto trading. I’d suggest making sure your auto trading is enabled, you see the smiley face (or hat in the case of MT5) in the top right hand corner. If all settings are confirmed as correct, run a backtest. You will see trades that should have opened. Then contact the prop firm and enquire with them why the trades didn’t open, when they clearly should have according to the backtest. Also, check the journal for any errors.
Cheers,
Ilan
Hi Pranav,
This is probably due to the broker. Try running a backtest with a few brokers, and compare results.
Ilan
Hi Andreas,
The lot sizes won’t be divided. Each EA runs independently. Once you install the EA onto it’s corresponding chart, you need to load the set file for the specific asset and account size. For the demo, let’s say you have a $100K account with the 8 EAs all on the platform, on 8 charts, run set files for the $10K. Each set file is specific to the asset, including entry lot sizes.
Ilan
Hi Laurence.
Let’s go back to basics and make sure everything is set up correctly. Did you enable auto trading before placing the EAs onto the chart? Do you have a smiley face / hat in the top right hand corner? I have them in my FTMO trial and they are opening and closing trades, so I don’t think it’s an issue with the broker or their server. I’d suggest removing all EAs, closing all charts, and starting over. Enable auto trading, open your charts, copy the EAs onto the charts and select the set files applicable to you.
Cheers,
Ilan
Hi Malik,
There is no guarantee that if an EA is profitable today, it will be profitable tomorrow. It is determined entirely by the market. As Nicholas has said, and you mentioned too, you should keep all 8 on a demo account, link your demo account to a website like MyFXBook (Check out this video: https://youtu.be/H19yWrotTVg), and monitor the performance, even daily, putting only currently profitable EAs onto your challenge account.
Cheers,
Ilan
Hey Nicholas,
I understand your concerns completely. But, the market determines the results. Some weeks are incredible, with massive gains. Others, are very slow. The key is constancy. Keep the EAs on a demo account, Monitor their performance and move the best performer/s to your challenge account. The reason we, as the team at EA Trading Academy, don’t simply publish the best performers, is because the broker and trading conditions play a big factor. We may have better results with one EA than another, but that doesn’t mean the results would be the same with another broker.
I know you’ve been running the EAs for 2 weeks, and this seems like a long time, but really, it’s not. That’s the reason most prop firms have removed the time limit. It can be almost impossible passing in just 30 days, while still adhering to all the rules. Be patient. Follow the strategy. Don’t take unnecessary risks. Trade only EAs that have performed well. If none have in that week, don’t trade any. You will be successful. If this was easy, everyone would pass easily.
Good luck,
Ilan
Hi Eugene,
Thanks for bringing this to my attention. There seems to have been a problem with the uploads. I have rectified this, and the weekly EAs are available for download.
Thanks,
Ilan
Hey Greg,
Thanks for reaching out.
If you’re planning on purchasing an EA Studio license, to create and test your own strategies and EAs, I’d say go for the EA Studio course. If you would like to test and use Petko’s top 5 robots, without creating your own, then the Top 5 Robots course would be a great place to start.
Please let me know if you have any follow up questions.
Thanks,
Ilan