Prop Firm Robots App & v6.0 – New Features Released! – Page 18

Petko Aleksandrov · 2024-01-03T11:27:54+02:00

Hello everyone, As we embark on a new year, we’re excited to announce some major updates to our FTMO Robot that we believe will significantly enhance your trading experience. 1. Introducing the FTMO Robot App: During 2023 we developed the app which makes the whole process easier. This new app simplifies the process of updating and monitoring your EAs.Before downloading an EA, you can now access detailed information on its Profit, Profit Factor, and Drawdown, allowing you to make more informed decisions. 2. Automated Parameters for Various Account Sizes: To further streamline your trading process, we’ve automated the setup of parameters and lot sizes according to different account sizes and risk settings. You can now select your account size and specify your maximum loss, daily loss limit, and profit target in the app. The FTMO Robot app will do the rest, generating the best-suited robots for your conditions, removing the need for manual set file imports. 3. News Filter Added: We’ve listened to your feedback and added a highly requested feature – the News Filter. This feature is designed to improve risk management by keeping your open trades active while preventing the initiation of new trades during high-impact news events. Please note that this filter only restricts the opening of new positions; your exit orders and SL/TP settings will still function as normal on your open positions. 4. Trading on Different Time Frames: After extensive testing, we’ve made a significant change. Our robots will now operate on varying time frames, specific to each currency pair. This is based on our findings that certain pairs achieve better performance on different time frames, thereby optimizing your trading strategies. 5. Update January 14, 2024 Enhanced Maximum Daily Loss (Currency): Now, this feature resets at a specific hour every day, offering you greater control over your daily trading limits. Maximum Daily Drawdown %: A new equity drawdown prot

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January 10, 2024 at 4:50 pm #226095 Reply

gabiscriba
Participant

Thank you so much.

I also have this message and I don’t know what the difference is compared to the previous one
USDCAD.r: history synchronized from 2020.01.02 to 2023.12.29

January 10, 2024 at 6:38 pm #226111 Reply

paul4x
Participant

Hi,
Yes thats my understanding, i am finishing my 2 week trial on the 8 tests pairs this week.
Then from there i should be using the top 3 going forward on a challemge.

However we need to keep the demo going to monitor the pairs as they can change weekly.

January 10, 2024 at 6:57 pm #226112 Reply

ochoanel
Participant

I have a week and none have closed with three open operations it reaches $1000 and it returns to $0 if it lasts the week

January 10, 2024 at 7:00 pm #226113 Reply

ochoanel
Participant

If I close one but at a loss I have minimum risk configured and it closed with medium risk I don’t understand

January 10, 2024 at 7:11 pm #226114 Reply

Alan Northam
Participant

Its the time period start to end you entered into the settings.

Alan,

January 10, 2024 at 7:18 pm #226116 Reply

Alan Northam
Participant

Hi ochoanel,

Sorry, I don’t understand your comments and what you don’t understand. Please provide explanatory detail.

Alan,

January 10, 2024 at 7:54 pm #226120 Reply

ochoanel
Participant

I bought the bot a week ago, it opened 3 operations and not taking prifit, it reaches $1000 and then drops to $0, the operations only wait for it to reach the TP or SL, it does not lower the SL to ensure profit

January 10, 2024 at 8:52 pm #226133 Reply

Alan Northam
Participant

Hi ochoanel,

Got it!

I started demo testing the FTMO V6.0 robots on 01/08/2024 Monday. So far I have had 3 trades close all at a loss. I will continue to test the robots for the rest of the week. I will then look at the closed trade results. If I can find one robot that closed with a profit and had at least 3 closed trades I will start trading it next Monday. If not, I will continue to test the robots. Each day I will look at the results of the number of closed trades with a look back period of 5 days. When I find a profitable robot with at least 3 closed trades I will then start to trade it. This is how I test and trade the robots. I don’t pay much attention to the MetaTrader charts. What I look at is the daily results as tabulated in FXblue.

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As to why not use a trailing stop, Petko has found that using a trailing stop does not improve the long term performance of the robots.

Alan,

January 10, 2024 at 9:18 pm #226140 Reply

Gary Wenger
Participant

If I have a larger Prop Account of $500,000 how would I utilize this new setup when it only goes to $200,000 as the maximum?

January 10, 2024 at 9:54 pm #226143 Reply

Alan Northam
Participant

Hi Gary,

Watch the video by Petko as he explains how the FTMO app calculates the settings for a particular account size. You can then use this info to calculate the settings needed for your account.

Alan,

January 10, 2024 at 10:03 pm #226145 Reply

ochoanel
Participant

ok thanks I’ll keep trying

January 10, 2024 at 11:57 pm #226155 Reply

Alan Northam
Participant

I will keep you updated on my progress.

Alan,

January 11, 2024 at 2:47 am #226172 Reply

Kasnecijoseph95
Participant

My Ftmo Robot 6 month Trial was purchased and my order Number is 220946 and my account ays i have zero active orders PLEASE PLEASE ASSIST ME I NEED HELP UPDATING MY BOT TO 6.0

January 11, 2024 at 7:35 am #226195 Reply

Alan Northam
Participant

This is a support issue. Please contact [email protected]

Alan,

January 11, 2024 at 12:48 pm #226235 Reply

Alan Northam
Participant

HOW TO TEST AND TRADE THE FTMO V6.0 ROBOTS

Note: The link was written when FTMO V5.1 robots were published but it applies to all FTMO robots!

Alan,
Author

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