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Siqueira00
ParticipantHi, I wanted to get some clarification on how these EAs operate as FTMO has strict restrictions in this regard, in fact I asked them for information and they replied like this:
“EAs are allowed as long as they don’t interfere with legitimate trading, exploit practices intended to harm us or misuse the Evaluation Process or FTMO accounts in any way.
If you intend to use trading robots (Expert Advisors – EAs), remember that if you use an EA from a third party, other traders might already be using the same EA and, therefore, exactly the same strategy. Using a third-party EA, you risk being denied the Demo FTMO Account if you exceed the maximum capital allocation rule in fictitious funds, which is $400,000 USD in Demo FTMO Accounts per trader or strategy.
You can use copy trade between your personal accounts and FTMO accounts.
However, please note that we do not allow account management, so you need to trade any FTMO accounts on your own.Besides, if you use copy-trading services to perform copy-trading, please note that they are third-party applications. We do not offer copy-trading services, so you need to do your own research and use them at your discretion.
Also, note that we have the Max Capital Allocation set at $400,000 of fictitious funds for one FTMO Trader or one strategy. So after passing the Evaluation process, you can have a maximum of $400,000 of simulated funds for all of your demo FTMO Accounts (prior to the Scaling plan and Premium Programme). ”
So using the EAs provided by you doesn’t easily risk not being paid by FTMO?
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