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I ran a backtest on last month for the bots I downloaded, but the backtest shows 0 trades being taken by the bot in that period. And same for last year. Is there something that I might be missing here or have done wrong in the setup? Please guide.
Hello Shashwat,
The FTMO Robot must work fine in the MetaTrader’s Tester.
Please post screenshots of the Tester’s Settings and the Journal tab.
I currently have two trades open AUDUSD / USDCAD I manually closed XAUUSD as the TP was at 2110 historically gold never reached that price and the pair spent more time in DD than profit.
With regards to AUDUSD / USDCAD The EA set the take profit at 95 pips and 100 pips. Over the last few days, I’ve seen the pairs be in profit and also in drawdown, the price is always to fare from the TP. Shouldn’t the TP be closer to the price? Should we just let the EA decide on the TP or do we have to work out our own TP / SL and not just rely on the EA?
Has anybody else experienced this, or am I just missing something?
Thanks
Hi everyone,
I hope you are doing well,
My account at FXCM is $75,000. What is the best way to calculate the lot size for a $75,000 account?
Is it correct to use the settings provided in FTMO Robot App page (eg $50,000 account) for my 75,000account in FXCM?
Thanks
Hi Bob,
The FTMO V6.0 Expert Advisors were created by EA Studio. In the creation process of EA Studio it looks at the historical data over the last several years and decides which indicator, SL, and TP settings generate the most profit over this time frame. As a result, it is best to just let the EAs run.
Alan,
At the moment the dev has not yet launched this account size setting. If you want to be very precise, I think you can run 50,000 and 25,000 SET files in the same MT platform with 2 different windows. Normal EA should work fine.
Hi Hooman,
Use the following settings:
Maximum daily loss (currency) = 3600
Minimum equity (currency) = 67650
Maximum equity (currency) = 82650Alan,
Hello everyone.
After testing the robots on an FTMO demo account, I am now trying to test the robots on my chosen broker.
But no matter what test I do, history quality is 63%. And the results are very different from FTMO, where history quality is 100%.
How does this 63% affect the result and accuracy of the tests? How much can I rely on these tests?
Can I do anything to improve these performances or what else can I do?Hi gabiscriba,
The historical data will be different for each broker as there is not a common clearing house where all brokers receive their historical data. As a result, number of trades and the top performing pairs will be different for each broker.
Alan,
Thanks Alan.
Just to understand better.
With the historical data of my broker, no matter that history quality is 63%, will the test results reflect reality? So I can trust the test results as they are, would the same results have been obtained in reality?Hi gabiscriba,
When using your own chosen broker the results obtained in a demo account versus a live account should be the same in theory. However, in one case in which I have experience, is that with my Oanda. com account I have found the results from my demo account and my live account were different. It makes me wonder if their demo accounts and their live accounts use the same server with the same historical data which I question. I have asked for clarification but Oanda. com does not answer emails regularly. I have to keep hounding them to get an answer. So far no answer. So it is hard for me to say without any doubt that the results you will get with your brokers demo account will be exactly the same as with their live account. So here is how I decided to proceed with my live Oanda. com live account. I have applied the EAs I wish to trade and have set their lot size to 0.01 lots. I then tested these EAs on my live account. From that testing in my live account I then learned which EAs were the top performers. I then took the top performer and increased its lot size which represented a 1% risk to my account balance. I found this to be the best way to test the EAs. So, it is my opinion if you trade all 8 FTMO robots in your own brokers account by first testing them in the live account you should get favorable results. However, it is also my opinion if you test the EAs in your brokers demo account and then trade them in your brokers live account you may or may not find the top performers from the demo account to be the top performers in the live account it all depends upon whether or not your broker uses the same historical data in both the demo account and the live account. You may try to get an answer concerning this from your broker before proceeding or demo test in the live account. Having said all this it is also my opinion that the majority of traders don’t pay any attention to the fact that the historical data could be different and just go ahead and test in a demo account and them apply the results to live trading. I share my experience to hopefully increase your wisdom concerning trading with various brokers.
Alan,
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