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I have been testing the FTMO EA over the first 15 days of August. Account size $10,000. Lot size was 0.3 and 0.3 the recommended lot size for this account size. The profit was 2.5% with a drawdown of 1.5%. I will now start another 15 day demo and continue to test the FTMO EA.
The following is the results of my testing the FTMO robot on an FTMO 15 day free demo account from August 16, 2023 through August 29, 2023. Account size $10,000. Lot size was 0.3 and 0.3 the recommended lot size for this account size. The profit was 1.2% with a drawdown of 1.9%. If I combine the two test for August the results would show a profit of 3.78%. If future testing shows the same rate of profit each month it would take 2.5 months to reach the target profit of 10% to pass the challenge.
I will now start another 15 day demo and continue to test the FTMO EA.
The following is the results of my third test of the FTMO robot V4.1 on an FTMO 14 day free demo account from Sept 12, 2023 through Sept 25, 2023. Account size $10,000. Lot size was 0.3 the recommended lot size for this account size. The profit was 3.69% with a drawdown of 0.89%. If I combine the three test together the results would show a profit of 7.6%. If future testing shows the same rate of profit it should take just a total of 2 months to reach the target profit of 10% to pass the challenge.
I will now start another 14 day demo and continue to test the FTMO EURUSD EA version 4.1 and should theoretically complete the challenge within the next 14 day demo period.
Note I continue to test FTMO EURUSD version 4.1 and not version 4.2. What I am trying to test is how long will a single EA continue to show good results.
The following is the results of my fourth test of the FTMO robot V4.1 on an FTMO 14 day free demo account from Sept 26, 2023 through October 11, 2023. Account size $10,000. Lot size was 0.3 the recommended lot size for this account size. This is the first time the EA took a loss. The loss was -0.38% with a drawdown of 3.89%. If I combine the four test together the results would show a total profit since the beginning of August 2023 of 7.2%.
I will now start another 14 day demo and continue to test the FTMO EURUSD EA version 4.1.
Note I continue to test FTMO EURUSD version 4.1 and not version 4.2 version 4.3. What I am testing is how long will a single EA continue to show good results.
Hi Magiangelic,
No I did not swap out anything. That is not the purpose of the test. What I am doing is testing FTMO EURUSD version 4.1 and not version 4.3 to see how long the EA will continue to remain profitable over the long term. The FTMO demo accounts only last for 14 days and then you have to start a new 14 day demo account. I started the new FTMO demo account yesterday using the same FTMO EURUSD version 4.1 and already it is up by 1.8%. So we will see how profitable it is over the rest of the 14 day period. So, even the old version 4.1 is still being profitable over the long term.
I hope by performing this demo test it will give confidence to new traders that the EAs created by Petko can be profitable over the long term.
Alan,
If the EA were swapped out with the one that is most profitable the past week, would the profits be more and drawdown be less?
That is an unknown! What is known is that all EAs will have a period of profits and a period of drawdowns. Even if the EA shows in a demo account that it has been profitable over the last week and it is moved to a live account, there is still always the possibility that it could immediately start going through a period of drawdown. Keep in mind that drawdowns always start after a period of profits, and profits always starts after a period of drawdowns. It is a known fact that drawdowns are a healthy evil for the future of a profitable trending market. I always look at drawdowns as an indicating the market is going to make more profits in the near future.
Good discussion!
Probably a ftmo demo can be done on the EAs which are swapped for the profitable ones the last week. That would give a lot of clarity as to whether there is increased profitability with swapping out the EAs
That is a possibility and would be interesting to test out with another demo account. I would suggest you perform this test using FTMO demo accounts over the next two or three months and report your results as a separate topic in this forum.
Alan,
Lol. I guess only way for me to find out is if I purchase it and try it out. Good tests on it though, makes me wanna purchase it.
In my opinion you would probably see similar results as to what I am getting if not better! Keep me posted!
The following is the results of my fourth test of the FTMO robot V4.1 on an FTMO 14 day free demo account from October 12, 2023 through October 25, 2023. Account size $10,000. Lot size was 0.3 the recommended lot size for this account size. This is the second consecutive loss for the EA. The loss was -0.96% with a drawdown of 2.73%. If I combine the five test together the results would show a total profit since the beginning of August 2023 of 6.3%.
I will now start another 14 day demo and continue to test the FTMO EURUSD EA version 4.1.
Note I continue to test FTMO EURUSD version 4.1 and not version 4.3. What I am testing is how long will a single EA continue to show good results. Since the demo account is still positive I will continue to test FTMO EURUSD version 4.1.
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