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The Studio EA has lost every single trade this last month. Petko advises that in a turbulent market like this one it can often get stopped out. Unfortunately though, I am doing the FTMO Verification stage this month. Is it just me or do other people also have this problem? What do people suggest? Could using a lower time frame work maybe? Thanks in advance for any suggestions.
When I look at the EA Petko used for FTMO and shared in his FTMO course from March 2022 until March 2023 I see it had three losing months. Keep the faith, perhaps next month it will start winning again! Since you are doing the Verification stage perhaps you should just manually trade and not us the FTMO EA. You can also ask support it you don’t meet the price target requirement of the verification stage before time runs out will they give you a second chance. If they will then you might run the FTMO EA with a 0.01 lot size until it starts showing profit again and then increase the lot size once it starts to become profitable. Just an idea! Good luck with your verification stage!
Note: Don’t change the time frame use the time frame for which the EA was designed for. Changing the time frame may result in poor performance!
Hi David, I have been experiencing the same thing. The EAs that I created for June have been losing so far. But I think they will recover maybe next month or even this month.
Thanks Alan and Jaylon. I just wanted to check that it wasn’t me doing something stupid. They are great ideas and I will definitely follow up on them. Thanks again.
Hi Jaylon? Just wanted to check in. I had a disasterous week last week. Have you noticed any up tick?
Thanks for your interest. I turned on the EA Studio for a few days. Fortunately, I reduced the lot size or I would have been wiped out. As it is I am at $9049. Also I have just been tole by the FTMO people that there is no extension for the Verification stage. So I have only until the July 7th and very little leeway. Do you have any ideas or suggestions?
At present I can only think of using the Waka Waka as a cent account (0.01 lot size) until I build up a few hundred dollars and then hope that I can both beat the dead line and not draw down. A folorn hope but it I can’t think of any other options.
Hi David,
You only have a $49 cushion. You would need to be very conservative in your trading or your account could be wiped out, as you say! I don’t think using Waka Waka in its low-risk setting will get you past the target price by July 7. Petko does not recommend using Waka Waka during the FTMO Challenge or Verification phase, only once funded. Even using Waka Waka in a $10,000 funded account would take approximately two years to recover the investment of purchasing Waka Waka before you would start realizing a profit.
I have turned on the EA Studio bot (EU-USD) and it’s still losing! Fortunately I have adjusted the lot size to 0.01. Do you have any idea’s why this is still happening or what I could possibly do to change things? Thanks in advance.
No, it is the free Studio EA he offered on Youtube that works on MT4. Should I switch to this new EA? If so where can I find it?How has that been performing?
David, Can you send a link to the free EA so I can check it out for you so I can further address your concerns? Are you using the EA with FTMO?
Thanks for your help but I am now out of the time. The EA studio has an unbroken record of failure losing every single last trade it has entered over a two month period. It has been a complete and unmitigated catastrophy. Does anyone know if Petko’s paid FTMO bot any better?
Here it is. tps://eatradingacademy.com/robots/f…It is from the video “Best Forex EA for Prop Firms (+ FREE ROBOT)”. Your help is much appreciated.
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