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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.
Hello traders, I was busy so I didn’t had time to update on this post but the track record is always active and you can check the progress.
Yesteday I passed the first level of the $5k High Stakes Trader stage on my funded account. The goal was to reach 10% profit in the $5k account.
For the challenge, I used robots which I configured with the Prop Firm Robots app. My system was a hybrid of manual and algo trading. I’d say I was leaving the robots to decide when to open positions, and I was closing some trades on a profit manually during the day. You can check my track record here.
Bear in mind that certain types of EAs are prohibited by The5%ers but the EAs from the Prop Firm Robots app are fully compliant as I own the source code of the robots and I tweaked my strategies in Expert Advisor Studio so my trades are unique.
My next step is to request a payount and will let you know how it goes.
As per the High Stakes terms, for every 10% profit generated on the funded account, the account balance and profit split will be increased. Now, in the next level, they gave me a $7.5k funded account and I’ll setup it later today and create another post in the funded accounts forum section to keep things more organized.
Should you have any questions, please drop them here or in the other post, I just subscribed to the post so I will get notified.
Hi Petro, I just found your email and I’m sorry to hear that your prop firm does not allow algo trading. There are other prop firms that allow trading with EAs, you can check those that we use at the moment here. As for your refund, we triggered it on our side few minutes ago, it may take 5-10 working days for the money to be available in your account (usually this happens in just a few days).
Hey Charllie, I enrolled you in the programm. The problem you’re facing sounds like a temporary server issue, registration form works as expected now. Sorry for inconvenience.
Hey Andrew, since we solved your problem via email, for transparency for the other users who may have problems, please be sure you’re trying to download robots from the Prop Firm Robots app and not the Top 10 Robots app.
Hello, please try to delete your browser cache and cookies and try again. If problem still persists, please write to [email protected] from the email you used for the order and we will check this.
Hi, can you please attach screenshots from the Experts and Journal tabs?
The “Experts” contains the entire information about the attached expert, including opening/closing of positions, modifying of orders, the expert’s own messages, etc.
The “Journal” tab contains information about the stated actions of the trader and the client terminal within the current session.
Also what is the initial balance of your FTMO account and account currency (it should be USD as the EAs are created for USD account)?
You can download a strategy and import it back to the Strategy Editor in Expert Advisor Studio. There you can see what are the indicators behind the strategy and their properties. You don’t need a license for EA Studio to do this.
Hello, did you watched the video guides about the app? During the weekend we update the strategies and if our generator finds better strategies, we add them to the app and replace the once which are performing worse. This way you can always access the strategies that showed the best performance with the most current market conditions. We have a great detailed article about the Top 10 Robots app which explains the generation process and how the app works under the hood. Please take a look at it if you want to have a deeper understanding of the app.
Hello Marco,
Marin here from customer support team. We offer plenty of upgrade options. Usually you we will ask just to pay the remaining amount to upgrade if the upgrade happens in the same calendar year. Please send me links to the packages you’re interested in to support @ eatradingacademy.com so I can provide you with the exact numbers of how you would need to pay now and later based on the packages you have chosen.
Hello, “Autotrading disabled by server” is a problem which comes from the broker who controls the server. You need to contact your broker and ask them to fix this.
This is a known bug which has been resolved here. Please follow the instructions from this link to fill your details, then logout and login again. This will solve the problem.
Hello, please check the following sections in our Knowledge Base, they cover the inputs and the UI of the Top 10 App.
Also you might read the Top 10 Robots app complete guide.
Should you need additional information, please reply in the thread and we’d be happy to assist you.
Hello Daniel, as I wrote below, the problem has been solved. Please check again and write back if you still have issues.
