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Hi Felipe,
The historical data for M15 in MetaTrader only goes back to October 2023. Look in the Strategy Tester Results tab and see when the first trade was taken.
Alan,
Hi Filipe,
That is interesting because on MT4 the historical data only goes back to October 2023.
From the Journal it looks like MT5 is taking multiple orders for EURAUD where you can have more than one position open at one time. Is this correct?
Looks like order 3 is a buy and order 4 is a sell but it does not show order 3 closed before order 4 was opened. So it looks like there was a buy order and a sell order open at the same time. Is this correct?
I am not sure why there is such a discrepancy. What I do know is EA Studio was designed to be the most accurate backtester on the market and FTMO app uses the data from the EA Studio backtest. So I would have to trust the charts in the FTMO app.
Alan,
Hi Alan,
I am looking at the past week. I intend to change the robots weekly but when I look at the past week, I see both v6.0 and v6.1 for AUDCHF.
v6.1 is newer obviously but v6.0 has done better for the past week. So this is why I am not sure which one should I be using?
Also, what if there will be a v6.2? Will we be seeing 3 different AUDCHF charts in the app then? Or how long until older versions stop showing? I just find this a little confusing. Some clarification would be appreciated.
Bence,
Hi Bence,
When you look at the FTMO app and the weekly Expert Advisors the three EAs in the top line are the top 3 picks. I would use these!
Alan,
If I chose 3 (ea’s) from the ftmo bot on a challenge do I have to manually adjust the bots myself regarding the maximum daily loss or minimum equity. Is it a maximum daily loss for all bots or each expert adviser? What would you recommend I change these parameter to if at all and should I change lot size if using multiple bots?
Hi Callum,
As an example if you used the FTMO app, chose the 10K account and chose the medium risk and installed the top 3 robots on an FTMO 10K Challenge or a FREE FTMO 10k demo account then you do not need to make any changes.
If you chose the medium risk robots and installed the top3 robots on an FTMO demo account or challenge then the total risk to your account will be 3%. If you want to reduce the risk to your account then you will need to adjust the lot size on each robot.
Alan,
Hi Alan,
Does this still apply if I use a different prop firm such as Kortana? I am testing out these bots on a 10k account.
Could you also advise on the bots you are currently using (if they are FTMO bots) and why you picked them so I can form a profitable strategy.
Kind Regards,
Callum
Hi Callum,
It depends upon what the daily loss requirement is, the maximum loss and the profit target. If they are different from the FTMO challenge then adjustments will need to be made.
Alan,
Hello, Traders!
We’re thrilled to announce an update to the FTMO Robot App that we believe will greatly enhance your trading experience.
What’s New?
– Expanded Robot Collection: Our robot lineup has grown from 8 to 14, offering you a broader range of trading strategies and optimizations.
– Optimized for New Timeframes: In addition to new robots, we’ve fine-tuned some for existing currency pairs but with optimizations for new timeframes, allowing for more personalized trading strategies.Why This Update Matters:
– Increased Flexibility: With a wider selection of robots, you can better match your trading approach and objectives.
– Enhanced Optimization: These robots are specially optimized for various timeframes, leading to more precise and effective trading strategies.
– Greater Opportunities: More robots mean more opportunities to profit under different market conditions.We encourage you to explore the new robots and the enhancements we’ve made. These updates are designed to help you maximize your trading potential.
Kind regards,
Marin @ Customer Support team
Hello, this is a new feature which we launched last week. You can learn more about it in this post.
Hi Callum,
The FTMO app update now lets you set the Account Size, Max loss, Max daily loss, and Price target. Then you download the robots you want to trade and all the settings will be correct. This new video will show you how to do it:
https://www.youtube.com/watch?v=5EWNP9L2q5U
Alan,
Hello everyone.
I intend to buy a challenge at FTMO.
I have a question for those who have accounts at FTMO.
Do the robots have identical trades and results both on the FTMO demo account and on the challenge account?On the FTMO Robot App I saw that some of the robots have good results on the FTMO demo account. But on my challenge account at another prop firm, all robots have bad results, except for EURAUD. For two months I haven’t been able to get almost anything, I’m just wasting my time chasing bots with 0.01 lotsize. Only using EURAUD is too little, because it opens trades very rarely.
Thank you for help.Nice update. Thanks.
The idea of ‘Survival of the fittest’ really appealed to me, hence the purchase. But, I can’t fight the feeling I’m always chasing my tail on the set-up of these EA’s.
The best performers, weekly and monthly are always changing. If I pick the top 3 robots of the week, let’s say on a Friday. The following week they drop down the list and different 3 EA’s fill the top slots. Same with monthly.
What you’re creating here is very interesting, but I think we need more guidance on strategy and approach. Especially now we have 14 options. In the post, you suggest this means we can “better match our trading approach and objectives”.
Objective is to pass an FTMO challenge. Approach… that’s where I need guidance. You’ve created the tools, now I’m hoping you can show us how to apply them. If there are multiple ways to approach this, that’s fine too. For example. Low and slow? Do it like this… Want to risk more and try and pass in 2 weeks? Do it like this. Etc. I was thinking, do I put the top 3 monthly EA’s with small lots and add the top weekly EA to boost it. Your thoughts would be appreciated.
Thanks for all you do and reading this, hope to hear from you,
Nick
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