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Hello, combining such diverse assets like crypto, forex, gold, or silver presents several unique challenges due to their differences in market behavior, risk dynamics, and operational requirements. Assets like crypto (e.g., BTCUSD) are highly volatile, with frequent large price swings, while forex pairs (e.g., USDJPY) are typically more stable. Gold and silver have their own volatility patterns, often responding to economic events like interest rate announcements. This variability in volatility can cause uneven performance across the portfolio, making risk management more complex. High volatility assets can skew results, potentially leading to increased drawdowns or unexpected losses. Another issue is that Forex operates within established market hours, and commodities like gold and silver have their most active periods during the London and New York sessions. In contrast, crypto trades 24/7, including weekends, with distinct liquidity patterns. These differences in trading hours can affect execution quality and cause unexpected volatility, especially when moving between market close and open periods.
From our experience with all the challenges where we participated, we never used such a diverse asset selection. We either stick to the forex pairs, or if we trade other assets as well we pick no more than 3 and use the same risk for each so we can identify which assets and EAs are performing well and which not.
That being said, when market is in downtrend, there is not much you can do but wait for a better time.
Hope this helps to evaluate the robots and your setup better.
Hello, “authorization failed” is not a problem related to the robot. Usually this message appears when you’re entering wrong login credentials for your account. Or if could be that some prop firms don’t allow trading with robots on a trial/demo account. Can you say if the second is the issue or not?
Please try to delete your browser cache and cookies and then try again. If problem persists, contact us here.
Hi, this is not a problem. It’s normal to be like this since the Drawdown shows the maximum drawdown experienced during the trading period, representing the peak-to-trough decline in account balance.
The risk per trade has impact on the lots traded, respectively on the Stop Loss value. The higher the risk is (means you invest higher volume or more lots) the higher the potential loss can be but
No, this doesn’t affect the performance. To show the indicators on the chart, you can enable (set to true) the setting for this from the expert properties.
You can use custom settings, there is interface for that. Check this video where Petko showed how to use custom settings: https://youtu.be/fOwuGnuiBdU?si=SbcbUAFZBET7rina
Hey, the EAs trade at the opening of the bar so you should use Open Prices only as the model for the backtest. There might be some slight differences between different brokers but in general it shouldn’t be something significant. We’re using these brokers’ historical data for the strategies development.
You can read the documentation about this metric here.
Or take a look at this blog post where Petko explained the Out-of-Sample in EA Studio. The logic is the same here in the app.
Hi Ilja, we are already working on this and from the beginning of 2025 there will be an Academy VIP club. This will be a paid service and in addition to the regular discussions about trading strategies and etc. users will be able to access our know-how about managing our high-tiered accounts, to have direct communication channel with Petko and the other traders and many more features that we will announce in December. We will notify our users via email once the VIP club is accessible.
Hi traders, I’m posting an update on my journey.
At the end of October I decided to request a payout even I was below the $7.5k initial account balance. As I explained before, I accumulated almost $430 in the previous 3 stages but since my balance was below the starting balance for the $7.5k account, I was not able to withdraw the full amount but I decided that it’s better to withdraw some cash instead of waiting to recover the account and possibly lose it completely. So I’m happy to say that I withdrew almost $230. The initial investment for the challenge was $29 and it took me 3-4 months make my first income. I continue to trade the account and balance is still below the starting balance so I will try to recover it using my system which I explained above and at that point I plan to trade fully automatically for some time, using either a few EAs with higher risk or a lot of EAs with medium-to-low risk so I can cover more pairs and balance the exposure. I haven’t decided on this yet, but my end goal is to fully automate my trading and not bother with this account daily. Also, I’m running some tests on demo accounts where I try to find different combinations and replace the EAs weekly and I hope that I will be able to find a working formula for me. I will keep you posted on this.
If you wish to use the news filter, in your MetaTrader platform, select Tools -> Options. Navigate to the Expert Advisors tab. Select the check box: Allow WebRequests for listed URL. Add the following URL: https://forexsb.com. Click OK.
Check this detailed guide for more info on the different settings: https://eatradingacademy.com/prop-firm-robots-app-complete-guide/
Hey @Giaani77, you should have access now. Please log into your account and go to Courses and you should be able to see the course there. There was some issue that is fixed and you won’t have similar problems in the future.
Hello @pengium, your email appears in a anti-spam blacklist of your anti-spam service provider (this doesn’t necessary meant that is a spam email, it could be that someone reported it like this). I removed it manually. Please try again and if problem persist you would need to use another email to enroll in the program.
Hey @Camwolf18, I’ll share my feedback for the app and the robots so far at the end of this post. First I want to give some insights on how the funded account is going so far.
It’s been 15 days since I started trading the account. I’m telling this because in stage I had to wait for 14 days from the moment I received the funded account to be eligible for a withdrawal (that’s how 5ers works). I checked yesterday and I saw I can withdraw around $250 (which I less than I earned in total in the previous stages of the challenge – to be exact $29 from 1st stage and little over $400 from stage 2). I can’t withdraw the full amount because the funded account is not on a profit at the moment so I’ll try to reach the starting balance again and they I’ll try to withdraw to see if there are problems or not. Also, all trades must be closed before I can withdraw, otherwise the withdraw option is greyed out.
Sam, who is part of the traders team at the Academy shared his experience with other prop firm a few days ago where they said that if he withdraw its counted towards his account drawdown so I asked 5ers support if this is the same with them but they assured me that the withdraw is not counted as part of the account drawdown so I don’t have to be worried that if I withdraw I will breach the challenge. Still, I’ll try to regain the balance until I request the withdrawal.
Now for the challenge, I’d say in general it goes well. I follow the same approach as I did in the previous stages. I’m not on a profit yet but I made one big mistake which put me into this situation.
So the mistake I did was that on the 7th of October, Monday, when I placed the EAs for the new week, I unintentionally used higher risk (I was testing something during the weekend and forgot to change the risk settings) and this day the USDJPY made 3 losses which led to that huge loss. I had still some gap for losses on and on the next day I decided to keep the same risk as I had expectation that after these consecutive losses the USDJPY robot will recover. It did partially, I closed 2 trades manually before they reached the TP because I had to recover some losses. All the other days I’m trading with much lower risk and set the protections much lower than the defaults (e.g. I set them at around 1% daily loss).
So now I’m closing trades even on smaller profits just to recover the account. If I manage to do it, I’ll withdraw and continue trading the same way as long as it looks to me that I’m performing ok.
Now for the app, my opinion is that it’s a great tool and gives traders a lot of great EAs to trade with. I’m still trying to find a way to reduce the manual intervention, and in the funded account I started trading fully automatically the first few days, but when I lost 3-4% that bad day, I had to recover so I was closing on small profits manually. In general, the EAs in the app get better and better every week (with every update when new better EAs are added). I’m not a trader by nature and I don’t understand how trading indicators work, so I depend on the app for the stats, the charts, and my common sense of course. The hardest part is choosing the right robots to trade with and for how long to keep using them, but with time I tested a lot of combinations and I have more confidence now.
I wrote a few times in the above posts that I consider this as a journey and with every trading day I am becoming more and more convinced of this statement. I bought this challenge for just $29 and no matter what will be the final result, the knowledge I gained along the way is irreplaceable and I’m sure it will help me a lot in the future.
Hey traders, I thought about creating a separate post about the next part of my challenge, but they I realized this is a journey, and not a challenge for me, so I’ll continue here to keep everything in one place and hopefully be of use to someone in the future.
So I setup my next stage account today. My track record for this account is public here. 5ers gave me $7.5k funded account and the goal in brief is to reach 10% profit and never fall below 5% drawdown per day. I had a very good first day and made over 1% profit. I used only robots from the Prop Firm app but those were robots that were performing well in my $5k funded account. This time, I decided to leave the EAs do their job and close positions by themselves. Starting with 2 different USDJPY EAs and one XAUUSD, the USDJPY made 2 successful trades each and the gold was on a loss but I ended up the day with over $70 as a profit, which as I mentioned is 1% from the account target.
I think it’s a good time to explain how I measure the risk with these EAs. So, i made 2 profitable trades of around $60 each and 1 trade lost around $30. The Prop Firm EAs have 2:1 risk-reward radio meaning that the absolute value of the profit is twite the absolute value of the loss.
Because of the good start (and I’m risking 0.5% per trade, probably I’ll leave the EAs to trade automatically by the end of the week and then decide whether or not to interevent future trades manually.
Also, one thing I forgot to mention is, that I went through the prop firm terms again to be sure that they will pay me, and red about the usage of EAs again. So you can use EAs if you have the source code and if your trades are unique (meaning no one is using the same EAs). But because one of the EAs I planned to use was in the top EAs of the Prop EAs app, I decided to slightly change it in EA Studio (changed lot with 0.01, changed indicators with 1-2 as far as the strategy wasn’t changed). I will continue doing the same if my challenge goes on track. Otherwise I may just use the Prop EAs until I’m on track.
I’ll try to post a few more updates from time to time, but so far, this is my system and the way I decided to trade. And for me, I consider this as a journey because it took me a few years to finally start understanding trading and by following the challenges requirements I learned a lot and there is more to come for sure.
