[Ilan Vardy]

Hey Richard,

The SL and TP are calculated when you select your risk (low, medium or high) before downloading the robot. Although the SL and TP may seem high, you’ll only be risking what you’ve chosen to – 0.5, 1 or 2% per trade. All of the EAs have exit rules too, so they may close even before the TP or SL is hit, if they get a signal from the market based on the indicators and rules therein.

Thanks,
Ilan

[Ilan Vardy]

Hi Mourad,

As long as they are 2 different robots and 2 different strategies, then you can open 2 charts on the same MT platform and install 1 EA to each of them.

Cheers,
Ilan

[Ilan Vardy]

Great to hear Sand0r. You definitely have the right attitude to be a successful trader!

[Ilan Vardy]

Hi Yonatan,

For Mac, please take a look at this article: https://www.metatrader4.com/en/trading-platform/help/userguide/install_mac

If yo haven’t traded with robots on Metatrader before, I’d suggest you enrol in our free 21-Day Algo Trading Program here: https://eatradingacademy.com/algo-program/

Alternatively, take a look at these videos:

Thanks,
Ilan

[Ilan Vardy]

No problem, happy to help

[Ilan Vardy]

Hey Jacek,

I know, trading in the States is tough, with the hedging and FIFO rules. The EAs are created with a leverage of 1:100 as a settings. Be that as it may, it’s very normal for accounts to be in the red when trading many EAs on an account. The idea is to keep all of the EAs in a demo account, keep track of their performance using EA Studio, and only trade those currently profiting in current market conditions in a “live” account. While you’re practicing, open another demo account, and try this method. Keep in mind that every EA will go through drawdowns. Even the most profitable strategies over an extended period had periods of drawdowns and stagnation. The idea again, is that the others compensate for those periods by being profitable. I can’t say if they’re suffering due to US restrictions, but a VPS in another location would help you identify if that’s the case. You won’t need to do a KYC until you trade live.

Hope this helps,
Ilan

[Ilan Vardy]

Hi Jacek,

The broker isn’t messing with your EAs :-)

The EAs open trades at the opening of the bar following confirmation that the rules of the strategy have been met. On an H1 chart, that happens on the hour.

In terms of Grid Machine, I’m afraid because this is a 3rd party EA, we have no access to the code, so I really cannot say what’s happening there. I can only suggest you reach out the developer and see if he replies with some insight.

 

Thanks,
Ilan

[Ilan Vardy]

My pleasure Tsholo, it’s always a pleasure dealing with you! (Especially with no loadshedding :-))

[Ilan Vardy]

Hi jpkan,

 

If you’re running 2 accounts of different sizes, you need to download each robot with the settings for that challenge. In the app, before downloading the EAs, select the appropriate settings at the top. The app will do the rest. In terms of a trade opening on one platform and not the other, this is a broker / prop firm issue.  I wouldn’t recommend a trade copier unless you’re trading on a platform other than MT. Download the EAs and place them on each chart on each platform.

You don’t need to worry about time zones. The EA will sync to the broker’s time so the news filters, etc. work correctly.

Cheers,
Ilan

[Ilan Vardy]

Hi,

Yes, you’ll get everything. You can also import the EAs back into EA Studio, and see the exact strategy, indicators and parameters for each EA.

Cheers,
Ilan

[Ilan Vardy]

Hi Zoran,

 

There are advantages and disadvantages.

Advantages:
1. Locks in Profits: As the price moves in a favorable direction, the trailing stop moves up or down with the market (depending on whether you’re long or short), allowing you to lock in profits without needing to constantly adjust your stop loss manually.
2. Limits Losses Automatically: If the market reverses, the trailing stop helps limit losses by closing the trade once a predetermined distance from the market price is reached.

Disadvantages:
1. Can Trigger Prematurely in Volatile Markets: In highly volatile markets, the trailing stop may be hit prematurely due to short-term price swings, closing the trade before the trend continues in the desired direction.
2. The trailing stop moves based on a fixed distance from the current price, which might not always adapt well to the changing market conditions, like tightening ranges or trend shifts.

So, it’s up to you, really :-)

Cheers,
Ilan

[Ilan Vardy]

Hi Camwolf18,

 

You can click on the link Marin provided to see the track record. There was some stagnation, but it’s getting close now.

 

Cheers,

Ilan

[Ilan Vardy]

Hey Zoran,

 

Which robots are you referring to? If it’s the Prop Firm Robots, before downloading, you select the risk setting. If the same EA is opening trades with different risk settings, there might be an issue. Please send me some screenshots so I can take a closer look.

In terms of the news filter, if trades are already open, they won’t be closed, but no new trades will open before and after news, according to the settings you selected.

Thanks,
Ilan

[Ilan Vardy]

Hi Suchayan07,

I have asked Marin, our head of customer support to look into this and will let you know when I hear back.

Regards,

Ilan

[Ilan Vardy]

Hi Jacek,

 

We don’t link the EAs to FXBlue – we link the account the EAs are trading on. If you would like to see the performance of an EA for any previous period, the easiest would be to import it back into EA Studio. You don’t need a license for this. In terms of which EAs were removed, every month we select the best performers of the previous month, and you can easily see if any have performed well for a longer period by looking at the magic numbers.
Thanks,
Ilan

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