Prop Firm Robots App & v6.0 – New Features Released!

[Rainer Sandau]

It is a fresh 80k EUR account, balance still 80k.

[Miroslav Popov]

Hello Heinz and Rainer,

The FTMO Robot turns off because it activates the “Minimum equity” protection.

The FTMO Robot includes three kinds of protections: Daily loss, Minimum equity, and Maximum equity. The protection corresponds to the Prop Challenge requirements. We also set some amount for additional protection.

– Maximum daily loss (currency)  – it checks the equity drawdown for the last 24 hours. It is usually 5%.
– for a $100000 account: 5% is $5000. We use a $100 additional margin, so we set it at $4900.
– for a $80000 account, the amount should be $3900. The actual currency does not matter.

– Minimum equity (currency). It is usually 10% of the account (but also varies)
– for a $100000 account: 10% is $10000. We use a $100 additional margin, so we set it at $90100.
– for a $80000 account, the value should be $72100.

– Maximum equity (currency). It is usually 10% of the account for Step 1 and 5% for Step 2. It also varies.
– for a $100000 account, we set it to $110050. Here, we use only a $50 margin to close as soon as possible.
– for a $80000 account, the value should be $88050.

You can also reduce the entry lots a little for a lower account to be in the margin of the chosen risk.

Here is an example of protection settings for a $80000 account. The Account currency does not matter.

[Brian Pelton]

Yes, I currently have a AUDCHF sell and a USDCAD sell running on my challenge account. Non FTMO

[Rainer Sandau]

Thank you, Miroslav, it works!

[gabiscriba]

Just like me, non FTMO. Instead USDCHF trade, opened on FTMO, closed earlier with SL hit.

 

[Brian Pelton]

Yeah, each prop firm depending on what broker they use will have different spreads, data.

[Miroslav Popov]

Hello Traders,

We have uploaded a new version of the FTMO app.

It has the following improvements:

• The historical data for the backtest starts at midnight. It makes setting the proper date in the EA Studio’s Data Horizon easier.
• Fixed a bug which caused the Entry Lot of the EA Studio strategy within the MQL code to be set for high risk.

Now, it is much easier to match the performance of the FTMO App and EA Studio.

You don’t need to re-export your robots because the fixes do not affect the work of the FTMo robots in MetaTrader.

Here is a performance comparison between FTMO App and EA Studio.

Please note that the FTMO App recalculates the strategies every 30 minutes. It happens at hh:07 and hh:37. If you want a perfect backtest match up to a cent, you must do it soon after the strategy recalculation. EA Studio updates its Forex Rates every 15 minutes and may have newer exchange rates.

Please report any issues you may experience with the FTMO Robot so that we can fix them immediately.

 

[Dušan Vračarić]

Hello mr. Popov,

 

Like others mentioned I also have an issue with v6.0 not oppening any trades. I have downloaded the 8 MT5 experts again, ran the backtest like you said but nothing. It won’t run the backtest, it just stays on initial balance. I don’t know what to do, please help.

 

Thank you in advance.

[Dušan Vračarić]

Hi,

I forgot to send the screenshot of the backtest. Here it is. Btw this is on AUDCHF, but this is how it looks on all pairs.

[Miroslav Popov]

> I have downloaded the 8 MT5 experts again, ran the backtest like you said but nothing.

This is very unusual. We’ll cover your case shortly.

[Bob Gal]

Greetings,

Petko, recommends only trading with the top performers while using the FTMO Robot App to test for the weekly top performers.

Should I have an open pair that’s running a loss or a gain from the previous week but that same pair isn’t on one of the top-performing pairs of the following week.

My question is.

1, Do I just manually close that particular pair, prior to attaching the new top performing EA’s?

2, Do I let the pair run its course until SL / TP is hit, in conjunction with the new weekly top performing EA’s?

Thanks

 

[Miroslav Popov]

Dusan,

> It won’t run the backtest, it just stays on initial balance.

The reason is that the MT Tester does not load enough historical data. You see that the test starts in January.

Most probably, you have the tester set to: “Date: Last month”

Please select the “Custom period” option and set for “start date” the date you see at beginning of the FTMO App chart. Set the current date for the “end date”.

Please try again and send us a note.

 

[Sammy Trader]

Hi Robert

That will be really your choice. For example if you are using AUDCHF EA and its not in the Top performing list for the last week, your call to keep running those trade or to close it. I myself asked this question before and I have been told that it’s our choice eventually.

My advice is, if AUDCHF (in above example) is running on any profit or even close to break even then simply close it manually. If you are seeing a draw down then I would wait until either it hits the SL or at least come back up for the break even.

[Dušan Vračarić]

Hi mr. Popov,

 

I have done the backtest again, this time with the same time period on the FTMO App chart, and the same thing happened. Here it is.

[Christopher Pederzolli]

Hi,

is it possible to add the 6.000$ and 15.000$ Challenge (from FundedNext) to the Robot App? And maybe a Version with a bigger drawdown possibility for normal accounts besides prop accounts? Like 20% or 30%.

Thanks

[Author]

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