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Hi Gerhard,
Things look loaded correctly to me. Can you be clearer with your concern please?
Also it looks like you are trading live? Is this correct?
This would not be advised if it is your first time trading these robots so I give the -live server does not mean real money
Also I agree with your choice of MFF, I also have an account with them. FTMO is better for getting started as there is no free trail account with MFF. But the targets are a little easier to pass and also the fees are lower with MFF so its definitely worth consideration. Of course FTMO has been around much longer but MFF certainly becoming very well established (started July 2020 vs FTMO 2014)
Hey Matthew, that is REALLY good going to get two free repeats. Absolutely right just keep doing what you are doing an let the market choose when you will pass ;-)
MUCH easier to pass the validation and then keep the account that get through the initial challenge. I admire the boldness of going straight for the 200k account also.
Although for the less confident/more conservative I would definitely recommend passing a smaller challenge first haha, we all have to choose our own risk tolerance of course though!
Presumably you are sticking with only JPY for their safe haven status Matthew? Keep us updated, it would be great to see you pass this challenge, looks like you have a good shot if you don’t rush and keep doing what you are doing!
Great Equity curve so far Alan.
Nice count of trades also, it is certainly a good feeling getting that first pass (or even just a retry with good curve and solid profit) on the challenge. Certainly looks like you are heading in the right direction. Well managed risk from last time and this time curve going up nicely. Your risk definitely looks about right which is the main thing. A few more challenges will give you a really good feel for how you need to adjust things in that department.
Hey Alan,
This suggests to me that you have not matched EA studio and trading results properly.
Have you watched my youtube video on how to do this? I expect if you follow it though you will get things to match.
However right off the bat I can see that you have not imported your FTMO data into EA studio but just used the premium data. Results shouldn’t be as far different as it is just due to that but instantly shows that this is not a highly accurate comparison. There could well be other subtlties missed also.
The video is currently on Petkos channel under here: https://www.youtube.com/watch?v=z8FF1Uefdpo&t=85s (and there is a follow on couple of videos)
It is moving to my own channel soon so if this link doesnt work let me know and I’ll send you the new link.
Let me know how it goes, if you cant get things to match up after following that video then I will help you further :-)
Hi Alan,
This is a great result. I’d advise signing straight up to your next one and keep doing what you are doing.
From the looks of the chart you have stayed within the drawdown limits though right? 500 per day and 1000 overall.
This indicates that you have set your risk to be appropriate which is excellent.
And you have finished the challenge period in profit. The result of this for the paid challenge is that you get another go for free :-)
This should be indicated by result : repeat in the client area.
Keep doing them, if you can repeat (OR pass) three in a row then its a pretty good indication that you have a chance of getting through the real thing.
Good work
Hi Alan,
From the looks of things you have used the historical data tool to download data and then set the swaps etc to align with FTMO, is this correct?
Nothing looks out of order to me from the plots you have shown? Can you be clearer in your issue?
My guess is that you are suggesting that the end date is missing a couple of days data?? But this will not update without you uploading more data as the date range for uploaded data is static of course.
Premium data will of course update dynamically so you could set your ftmo custom parameters to those symbols instead.
Let me know if I have misunderstood your problem though
Ah, that makes sense now Alan. FIFO doesn’t apply if you are trading with FTMO even if you are based in US. Got there in the end :-)
Have you tried one of their trials yet? Practicing is definitely the best way to get better at them.
I personally use the 10k swing account which has 1:30 leverage and allows news trading btw
Hey Alan,
I’ve not been affected by this rule but one way round it might be the following:
Let’s say you want to create a portfolio of 15 EAs on three different pairs. 5 on EURUSD, 5 on EURJPY and 5 on USDJPY.
You set each of the 5 EAs to trade a slightly different lot size (0.01 – 0.05) choosing what EA gets what lot size based on ranking suck as largest stop loss size, or largest nett profit for example.
That way you could all of these on the same account and they would trade together without affecting each other, and you have 0.15 lots assigned to each of the three symbols for balanced.
Like I say, I am not affected so never thought about it until now, but that’s what I would do if I was. Unless I am misunderstanding.
Also for incubation accounts would be easy enough to set different EAs with different lot sizes and then just organize at the FXBlue point and just use the profit factor to pick winners as that will be unaffected by lot size.
Hey Alan,
Yeah I think I am a little confused. Can I ask what you would like this portfolio to look like that would be unaffected by the FIFO rules.
Presumably something like 10-20 separate EAs each for different Symbols so that they cannot interfere with each other? As opposed to many strategies that I myself trade that includes several different strategies for the same symbol that could be affected by FIFO rules (which I am lucky not to be affected by).
Is this correct?
I am sure many are affected by the FIFO rule and so clarify is useful. Pretty sure I understand your point now though.
Although it does sound like you are getting confused maybe Alan?
If you think an EA containing multiple strategies would help with FIFO such as a portfolio EA, it won’t.
A portfolio EA can only open trades on a single asset and timeframe and so would try to open multiple positions and FIFO would apply in same way as if trading 10 separate EAs on same symbol and timeframe.
Hi Petko,
I thought exactly the same when I read that comment as a portfolio EA trades the same symbol and timeframe so would not change anything with regards to FIFO.
I am guessing what Alan means isn’t a Portfolio EA but a portfolio OF EAs for different assets, right Alan?
Although this is pretty much what’s offered in the 12 expert advisor course. Although in this course there are 2 EAs per symbol which would affect the FIFO.
It sounds like what you are looking for is something like 12 strategies each on different symbols Alan?
Of course you could use 6 from the top 12 and put those together and supplement any others you have from different courses on symbols not included in the 12 expert advisor course too.
On this size of account I’d stick to forex and only open 0.01 lots size positions.
The easiest way is gonna be to just open a demo account with 10k balance and the same 30 leverage. Then open enough 0.2 lot size position manually until you hit about a 1/3 of your margin.
Since 10k/0.2 lot is the same as 0.5k/0.01 lot that will be the number of EAs you should trade on your 500 dollar account.
This should take 5 minutes to open a new account and 5 minutes to do you calc :-)
Ah yes I see now, no underlying asset is bought for CFDs or spreadbets but there are some additional tax benefits to spread betting.
I still prefer CFDs though.
Im sure that’s useful for others who may be interested in spread betting. Cheers Julie