Dear traders,

We know how important safety is when it comes to Prop Firms which is why we’ve updated the FTMO Robot to include a whole extra pack of protections!

In the inputs you will find:

Entry Protections:

• Max spread
• Max open positions
• Max open Lots

These protections are for the new signals that come from the robots. If the Spread is higher than 30 pips, for example, the trade won’t be open.

Account Protections:

• Max daily Loss
• Min equity
• Max equity

Read more about each one below!

In addition, we’ve added the Stats section, where you can set the statistics you want to see over the graph.

Maximum daily loss

It is a total loss from midnight.
Daily loss = total profit of closed positions + current floating profit
Daily loss % = 100 * Daily loss / Initial account

This metric is reset at midnight.

The corresponding validation criterion is Maximum daily loss %. It has a default value of 5%, which corresponds to $500 for an initial account of $10000.

The “Maximum daily loss %” is relative to the Initial account. That is. 5% will be $500 for the complete backtest.

Maximum loss

This is the maximal loss relative to the initial account. It is not a Drawdown.

The corresponding validation criterion is Maximum loss %. It has a default value of 10%, which corresponds to $1000 for an initial account of $10000.

Maximum loss = Initial account – Minimal equity
Maximum loss % = 100 * Maximum loss / Initial account

Maximum Equity

This protection is to secure the profits when the account reaches Target. The trade will close, and the EAs will be removed from the charts.

Everyone who purchased the FTMO Robot will receive an e-mail with the new login details later today.

Please test it and let us know if you find any bugs!

Cheers,

Petko A

Can you please clarify the difference between these settings:

• Account Percent Stop (default is set to 4.9)
• Stop trading at min account (default is set to 0)
• Ensure maximum Stop Loss [point] (default is set to 0)

Ideally I would like to know how to achieve this:

• ensure bot ever exceeds 5% daily loss
• ensure bot stops trading before exceeding a lifetime drawdown such as 15%

Thank you

Good news !

do we need to remove the old robots and to put the new ? or just tu upload the  “set file”

Yes, remove the old EAs and install the new ones.

Alan,

Nice improvements to the robot!

Maybe I’m missing something, but you show a screenshot with Min and Max equity, but nothing with “Maximum loss” which you are explaining. I can’t seem to find that setting in the robots either.

Can you help me out here?

I have bought FTMO Course, so where can I find the new update on dashboard?

can’t find the link please provide me here or in my gmail [email protected]

also i have complained about me having an issue with the website.

You should get an email with a link for V5.1.  If you don’t receive an email contact [email protected].

Alan,

Hi,

I’m backtesting some of the bots and some are opening BUYS/SELLS at the same time. Some prop firms do not like this.

How can I change the settings?

I don’t see how I can change it inside the inputs section.

Thanks.

Honestly, why not zip all file in the download folder Petko, I have to click download each set file for each Pair. It cost me a day to do it. lol

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Ah Sorry, I saw The set file folder already in the zip file. Nice work

I gues it happens with the different assets, right? This is if you trade all of them.

We will send you the e-mail again.

At the end of the course, there is a lecture called The Latest FTMO Robot. There is a link to all versions of the FTMO Robot.

Min equity = max loss. 🙂