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It is expected to have different results on a different broker to some extent.
In such a case, you should trade only the robots that make a profit in the MT Tester.
Not having a demo is a problem. I would run the robots for a test only at the minimal lot size possible. I assume it is 0.01 lots.
It will not make a huge profit, but it is safe enough for testing.
It looks like your account starts from $10000. Is this the correct amount?
If you have your robot downloaded for a $100k account, you should use the same amount in the MT Tester.
If the deposit is too low, the Tester cannot open a position due to insufficient funds. It will also show an error message in the Journal tab: Error with OrderCheck: No money
Hello Christopher,
> is it possible to add the 6.000$ and 15.000$ Challenge
As far as I know, EA Trading Academy has a determined schedule for future product releases.
They are considering an FTMO application extension, allowing the traders to customize and test the robots under different settings. It is entirely possible to see custom account sizes, account currencies, advanced backtest statistics and other cool features. Most probably we will see these updates in May.Dusan,
> It won’t run the backtest, it just stays on initial balance.
The reason is that the MT Tester does not load enough historical data. You see that the test starts in January.
Most probably, you have the tester set to: “Date: Last month”
Please select the “Custom period” option and set for “start date” the date you see at beginning of the FTMO App chart. Set the current date for the “end date”.
Please try again and send us a note.
> I have downloaded the 8 MT5 experts again, ran the backtest like you said but nothing.
This is very unusual. We’ll cover your case shortly.
Hello Traders,
We have uploaded a new version of the FTMO app.
It has the following improvements:
- The historical data for the backtest starts at midnight. It makes setting the proper date in the EA Studio’s Data Horizon easier.
- Fixed a bug which caused the Entry Lot of the EA Studio strategy within the MQL code to be set for high risk.
Now, it is much easier to match the performance of the FTMO App and EA Studio.
You don’t need to re-export your robots because the fixes do not affect the work of the FTMo robots in MetaTrader.
Here is a performance comparison between FTMO App and EA Studio.
Please note that the FTMO App recalculates the strategies every 30 minutes. It happens at hh:07 and hh:37. If you want a perfect backtest match up to a cent, you must do it soon after the strategy recalculation. EA Studio updates its Forex Rates every 15 minutes and may have newer exchange rates.
Please report any issues you may experience with the FTMO Robot so that we can fix them immediately.
Hello Heinz and Rainer,
The FTMO Robot turns off because it activates the “Minimum equity” protection.
The FTMO Robot includes three kinds of protections: Daily loss, Minimum equity, and Maximum equity. The protection corresponds to the Prop Challenge requirements. We also set some amount for additional protection.
– Maximum daily loss (currency) – it checks the equity drawdown for the last 24 hours. It is usually 5%.
– for a $100000 account: 5% is $5000. We use a $100 additional margin, so we set it at $4900.
– for a $80000 account, the amount should be $3900. The actual currency does not matter.– Minimum equity (currency). It is usually 10% of the account (but also varies)
– for a $100000 account: 10% is $10000. We use a $100 additional margin, so we set it at $90100.
– for a $80000 account, the value should be $72100.– Maximum equity (currency). It is usually 10% of the account for Step 1 and 5% for Step 2. It also varies.
– for a $100000 account, we set it to $110050. Here, we use only a $50 margin to close as soon as possible.
– for a $80000 account, the value should be $88050.You can also reduce the entry lots a little for a lower account to be in the margin of the chosen risk.
Here is an example of protection settings for a $80000 account. The Account currency does not matter.
Hello Gabiscriba,
> Instead, on the other account a trade was opened at 08.30 on USDCAD, but it was not opened on FTMO.
The FTMO Robots open positions when all of the indicators give signals in the same direction. If one of the indicators is not satisfied, the robot skips the entry.
The current FTMo robot version uses 6 entry indicators. The robot is created and tested on historical data from an FTMO account.
Other brokers have different data feeds (liquidity providers), and their data differs. It is completely possible for an indicator to give a particular signal on FTMO and not be triggered on another broker.
> Does this happen because of the spread difference?
The spread only affects the profit. It is because the FTMO robot does not have the “Max spread” protection enabled by default.
Having different deals with different brokers is not a huge problem. Even more, it is entirely possible to have the robot working better.
I was eager to test how the FTMO Robots work and run them on their symbols but on the M1 timeframe. I found out that the EURUSD robot works very well on M1.
The best practice is to first test the robot on a demo account on your chosen broker. You will find that some of the robots work better than others despite the different data. It is strongly advisable to use only tested robots on your live account.
Hello Jon,
> Anyone getting v6 to open trade on mt5? my mt4 is running but no trade open on mt5.
Please download the MT5 expert again.
We made several updates to the experts’ MQL code to improve the entry-lot calculations, News Filter and the information rendering on the chart.
There was a moment when the MT5 experts had a bug with indicator initialization when the indicators were hidden. We fixed it immediately after we discovered it.
You can check if this is the case by testing the experts in the MT tester. if the backtest works, the robots should trade normally,
Hello Gabiscriba,
> … regardless of whether the news filter is disabled/enabled.
The News Filter accesses news information for the current and future days. It does not have data for past events. For that reason, it is used only during live trading.
The News Filter does not affect the backtesting performance of the robots.
> After all these tests, I am inclined to believe that during a whole year it is much simpler to permanently use all 8 robots at the same time.
The robots have different performances on unknown data. It is probably wiser to test them on a demo and to see which one works best in the current market conditions.
Chris,
> Has anyone personally backtested the files? I am getting quite different results than the ones in the AppI tested the FTMO Robot on the FTMO MT5 to examine the issue you have reported.
The MT5 vs EA Studio backtest differs slightly for the old data, but it is almost equivalent for the newest one.
Here is a backtest comparison for 1 year.MetaTrader has problem with the spread of exported historical data. I assume they average it in some way. The spread is especially broken for the older data.
Anyway, even even for 5 year period on M15 the count of trades matches and the backtest line shape is pretty close. Most probably the discrepancy comes from the exported spread and from the difference in the Account Exchange Rate. (The strategy works on EURAUD, but the user’s account is in USD. It means that the strategy profit must be converted from AUD to USD. EA Studio and FTMO app use the latest AUDUSD price for the conversion.)
Historical Data
Backtest Comparison
Hello Brian,
>After reading the posts from Jan 5 people can’t sync results with EA Studio?
The FTMO App and EA Studio use very similar backtesting engines.
I tested a robot from the FTMO App, compared it with EA Studio, and received the same results.
To have the same result you need to have the same Data Horizon settings. Currently, the FTMO App displays the stats for the last 100k bars only. (Though it uses 200k bars for the calculation)
(If you are curious about the Dark FTMO theme, you will have it very soon online 🙂 )
Hello Jay-R,
Thank you for the report!
It was a hackers attack on our webserver. We have protection and a diagnostics system that keeps the application and the users’ data safe.
The system turned off EA Studio automatically. It was offline for about 3 hours. Now all function work well.
We adapted the protection system to the new attack and it will prevent interruptions of such kind from now.
Trade Safe!
Popov