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

[Hooman51]

Hi Alan,

Thank you very much for this settings,

but I noticed that for example for the $50,000 challenge, each EA has a different lot size in the FTMO App page,

I am very curious that what lot size should I choose for each EA in $75000 challenge ?

Thank you for your time.

H.

[Alan Northam]

Hi Hooman,

The lot size will be different for each EA.  The lot size is normally set to represent a 1% risk to your account.  The FTMO app gives a choice of low risk of 0.5%, a medium risk of 1.0%, and a high risk of 2.0%.  So before I could calculate the lot sizes for each of the FTMO V6.0 EAs I would need to know the risk to your account you are willing to accept.

Alan,

[Bob Gal]

Thanks for the reply Alan,

Just wondering if has anyone had any closed trades with the new V6.0 EA

Thanks

 

[Hooman51]

Dear Alan,

I plan to start with %0.5 to begin with And when I grew my account by 2-3%, I plan to increase my risk to 1% .

 

[gabiscriba]

Alan, thank you very much.
It is a very detailed answer and now I understand perfectly how these things work. I will also try to test directly on the real account with 0.01 lot to find the top performers.
But I also want to test the robots for longer periods of time, so I need to test with the Strategy tester module.

By the way, do you know if FTMO demo account and FTMO real account use the same server with the same historical data?

But, in fact, the meaning of my question was slightly different. My chosen broker (of my prop firm account) does not have a demo account. That’s why I test the robots in the Strategy Tester module, directly on the challenge account I trade on, so historical data should be the same. In this case, the results from the Strategy tester should be identical to the ones I would have obtained if I placed the trades on the account at that time? Because I’m testing on the same account.

[Alan Northam]

Hi Hooman,

The lots size for FTMO V6.0 EAs set for an account risk of 0.5% are as follows:

EURUSD 0.75 LOTS
AUDCHF 0.63 LOTS
AUDUSD 0.75 LOTS
EURAUD 1.10 LOTS
GBPAUD 1.10 LOTS
GBPCAD 1.00 LOTS
USDCHF 0.63 LOTS
XAUUSD 0.07 LOTS

Alan,

[Miroslav Popov]

Shashwat,

If you use Date for “Last Year”, it literally means that.  Therefore, there is not enough data from January 1st to January 10th.

Please set it to a “Custom period’ and start from the date you see in the FTMO App.

You may also test the FTMO Robot for the last year if you set the Data to start from 2023-01–10.

 

[PFX PFX]

but I have questions
to make sure I understood correctly , when I go to the app I have 8 pairsI take it’s 8 pair and I’m on a demo account
and I have the 2 or 3 most efficient on the real ones??

but will the 8 pairs change over time??? You have to check every week to know if it has changed?

[Alan Northam]

Hi gabiscriba,

I do not know if the FTMO demo account and the Challenges/Verification/Funded account uses the same historical data.

Also, please be aware that when testing using MT strategy tester the historical data is limited.  So after you do a backtest go to the journal and look for the date of the first trade.

Further, please be aware the MT strategy tester is not the best backtester and has some issues.  For this reason the create of EA Studio decided to create a more accurate backtester.  Note also the FTMO EAs were created using EA Studio.  So in my opinion using the MT strategy tester will give you an idea of how the EAs trade, the results are not very accurate.

Alan,

[Hooman51]

Thank you so much for your time and help.

[Alan Northam]

Hi Bob,

I started testing the FTMO V6.0 EAs on Monday.  So far I have had 3 closed EAs and 5 open EAs still trading.

Alan,

[Shashwat Aditya]

But still, it should have shown some trades for that time period, right? Anyways, I tried for this period and got the same result. I think something is off for my account or bot.

PS: I am new to EAs, so might have made some mistake in the setup.

[gabiscriba]

I understand.

Please tell me what would be the explanation of this message from Strategy tester/Journal
USDCAD.r : real ticks begin from 2023.05.22 00:00:00, every tick generation used

[ochoanel]

This is what I’m referring to and I still don’t have an answer, the table above with profit yesterday and today, the table below with loss, the bot is not taking profit, it just waits to reach the SL or the TP.

 

 

 

[Alan Northam]

Hi Gabiscriba,

It means the historical data only goes back May 22, 2023 and from that date every price change was used to determine open and closed trades.

Alan,

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