- This topic has 195 replies, 59 voices, and was last updated 7 months ago by
.
-
Posts
-
Hi Sulaiman,
The other side of your argument goes like this: Suppose price moved to half of the take profit target, reversed back in a downward direction, hit the trailing stop for a profit, and then price moved back upward and continued on to surpass the original take profit price. What happened in this hypothetical example is that the trader would have received half the profit instead of the full profit. This hypothetical example can happen in reality because all EA’s will go through drawdowns, and if the trailing stop is set too tight then the positions would be closed during a drawdown instead of allowing price to complete the drawdown and then continue in the profitable direction and hit the price target. If the trailing stop is set too loose so as to not close out a position during a drawdown then perhaps the trailing stop is of no value. When the EA’s are created the take profit and stop loss price points are determined to allow for the optimum profit and minimum losses based upon the historical data. As a result, statistically, over the long term, it is more profitable to allow trades to complete their drawdowns and continue on to hit their profit targets while occasionally taking a loss.
Alan,
I agree with Alan 100%. I have been a trailing stop advocate for very long time until recently. And yes it is far better to allow the trade play out completely. Yes some of the trades will be lost but overall you would be more profitable. What you can do in case you get nervous, is set up an alert on a specific profit level and if hit check manually to decide if you want to close the position there or keep an eye and close it later. Personally if the price is above 80% I would close the trade manually and live to fight another day. 😊
I agree with Alan 100%. I have been a trailing stop advocate for very long time until recently. And yes it is far better to allow the trade play out completely. Yes some of the trades will be lost but overall you would be more profitable. What you can do in case you get nervous, is set up an alert on a specific profit level and if hit check manually to decide if you want to close the position there or keep an eye and close it later. Personally if the price is above 80% I would close the trade manually and live to fight another day. 😊
I agree with Alan 100%. I have been a trailing stop advocate for very long time until recently. And yes it is far better to allow the trade play out completely. Yes some of the trades will be lost but overall you would be more profitable. What you can do in case you get nervous, is set up an alert on a specific profit level and if hit check manually to decide if you want to close the position there or keep an eye and close it later. Personally if the price is above 80% I would close the trade manually and live to fight another day. 😊
Hi,can you guys want to implement in the robots more protections like;to select witch day to trade and the hours
I think this things can help a lot with winrate.ex. i want to trade USDJPY robot only in NY session from 15:00 to 19:00
Hi everyone,
I wanted to ask how you select your Prop Firm EAs.
What I’ve been doing is: I go to the site, enter my current account size, then filter by strategy – for example by OOF – and pick the top 3–4 EAs based on the last week’s (1W) performance.
But despite that, I’ve been losing money for the past 4 weeks with these selected EAs.
So my question is:
How do you go about selecting EAs?
What’s the best method or strategy you’ve found to consistently pick profitable ones?Thanks in advance!
Hello Florian,
Selecting the most suitable Expert Advisors (EAs), regardless of the vendor, is always a challenge. Specifically regarding the Prop Firm App EAs, we continuously test different strategies to identify the most effective ones.
Recently, we successfully passed a challenge using the following approach:
We run all our prop robots on a demo account.
Every Monday, we review the past 7 days to determine which instrument delivered the highest net profit.
We then apply that instrument to the challenge account for the upcoming week, using the top-performing robots from the previous week. (If none of the robots were profitable, we don’t set anything.)
Thanks to regular weekly EA updates and our robust randomization feature, we’ve remained fully compliant with prop firm rules while maximizing performance.The best approach is to test on a demo account from the prop firm you plan to trade with.
Best regards,
MariyaCan we have access to your data where we can see the instruments with the highest net profit for the past 7 days? We could not seem to determine which ones did perform well for the past week using the prop firm robots app page.
It would be best to connect your account to FXBlue, that way you can easily view the statistics for different strategies and instruments including net profit. https://www.fxblue.com/ Just login in here, create and account and then install the publisher app on your terminal so that it reliably uploads your trading history to the website.
Hello Maria,Thank you for the suggestions you have provided. I have now been using this EA for the last 2 weeks by selecting the top 3 weekly EAs, but I am still not profitable. Do you have any more advanced suggestions for me?
Hi all, just downloaded the FTMO robot and preparing to start my £100K challenge. Any tips or proven settings for best performance/results? Appreciate any help from the community 🙏🚀
Hi there, and congrats on starting your £100K FTMO challenge — that’s a big step, well done!
Just to make sure we give you the best advice, could you please specify which FTMO robot you’re referring to? In general, though, we recommend starting with low risk per trade (0.5–1%), avoiding trading during high-impact news, and testing on a demo account first. Once we know which robot you’re using, we’ll be happy to share more tailored tips.
Looking forward to your update — and good luck with the challenge!Hello Nectar,
We understand your concerns, and we appreciate your dedication to testing the EAs. Please note that we are continuously testing and optimizing various strategies to improve performance. The last strategy I provided is currently showing stable results. I’ll keep you updated as soon as we finalize any new, more advanced strategies.
- You must be logged in to reply to this topic.