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Hello, can someone please give me some information.
Since today I am running the current FTMO-EA 4.3 on MT5.
I would like to know why I do not see all possible settings in the bots.
Here for example is missing:
Tralling Stop
Magic NumberAm I doing something wrong, or is it the demo mode?
Trailing stop is not used with this EA.
Magic number is not available with MT5. Magic number is only available with MT4. This is one of several reasons why traders using EA’s prefer MT4.
With MT5 you can create your own magic number and add it to ‘Custom order comment”.
Alan,
The following is the results of testing the FTMO robot V4.1 on an FTMO 14 day free demo account from October 25, 2023 through November, 2023. Account size $10,000. Lot size was 0.3 the recommended lot size for this account size. The gain for this period was +2.92% with a drawdown of 1.96%. If I combine all tests together since early August the results would show a total profit since the beginning of August 2023 of 9.2%.
These tests have shown that since early August the FTMO robot V4.1 has now almost gained the 10% required to pass the FTMO challenge. The purpose of these tests is to show that an EA can be profitable over a period of several months.
As of the first of November I have added this robot to a live FTMO 10K challenge. I will report the results every other week just as I have been doing. The purpose is to continue to show how long an EA can produce profit and to try and pass the FTMO challenge with this V4.1 FTMO EA.
Alan,
Thanks Alan for reporting your results. Can i ask you why you are using v4.1 and not newer ? thanks Andreas
Hi Andreas K.
I am testing how long a given EA can be traded. The longer testing also shows new traders that even through an EA could go through a long period of drawdown and stagnation that it doesn’t mean the EA is not working anymore. For example, this EA went through a period of approximately one month but then started profiting again. As of the first of this week I started trading this EA in a live FTMO challenge and will continue to show bi-weekly status.
Also, this next Monday I will be trading V5 in a live FTMO 10K challenge and will be reporting bi-weekly progress. I am also trading V4.3 in a live FTMO 10K challenge but have not been reporting it status.
Alan,
Hello, I started the new FTMO robot V5.0 on MT5 about 12 hours ago. Unfortunately it does not open any trades. I can’t see what the problem is. Do you have an idea? Thank you very much
Great discussion here. Any more results? How are things going? I just discovered this site and I’m learning so much!
The following is the results of testing the FTMO robot EURUSD V4.1. From mid August until early November I have been testing the EURUSD robot on an FTMO 14 day free demo account in which I would have to restart the demo account every 14 days. The demo account size is$10,000. The Lot size was 0.33 the recommended lot size for this account size. The profit over this time frame has been 9.2%. The purpose of testing V4.1 instead of V5.0 is to see how long an EA can be profitable. The road so far has been rocky as can be seen by my previous postings. However, over the longer term the demo account shows this EA has gained 9.2%.
On November 9th I started a live 10K FTMO Challenge using V4.1. The account has been trading now for two weeks. The following are my results todate. During the first week the account drew down by 4.16%. Then during the second week, the most current week, the account has started to slowly work its way upward and ended this last week with a drawdown of 2.5%. Maximum daily drawdown has been 2%.
Bottom line: Over the first two weeks of trading this account has been going through a period of drawdown. Every EA will go through periods of profit, periods of drawdown, and periods of moving sideways also known as stagnation. Sometimes when we start a new account it will immediately start profiting right off the bat. At other times a new account will start off with a drawdown. These things are normal. What we need to do is to wait for the longer term picture to develop.
Alan,
UPDATE ON MY TESTING FTMO Robot V4.1
From mid August until early November I tested FTMO Robot EURUSD V4.1 using several 14 day FTMO demo accounts. During this time, if I piece together the results of several 14 day demo accounts, this robot gained approxiamtely 9.2%. Based upon this performance I then desided to move this robot to a 10K FTMO Challenge.
On November 9th I started a 10K FTMO Challenge using FTMO robot EURUSD V4.1. As luck would have it, the account started drawing down. This happens with trading and is something I just have to deal with. As can be seen the account drew down by -5% and has been moving net sideways since and currently about -1.5% below breakeven. It will be interesting to see if this Challenge moves into profit before the end of the year.
Alan,
UPDATE ON MY TESTING FTMO Robot V4.1
This chart shows the update of my testing FTMO V4.1 robot on an FTMO Challenge. The trading results for the last half of December is from the black vertical line to the right edge of the chart. During this time the balance line has moved upward by $200 to breakeven. However, when I look at the chart from the red vertical line to the right edge of the chart I see the balance line has advanced $465.00. This is a gain of 4.9% over a two to three week period. If this progress continues it could be possible for the FTMO robot V4.1 to pass the challenge my the end of January or early February 2024. So lets see how it goes!
Note: This is a test of the FTMO robot to see how long it can be traded and still be profitable.
Alan,
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