Prop Firm Robots: Suggestions and Ideas

[Brian Pelton]

You should put all of them on a demo to test them for awhile then take top 1-3 performers and try a challenge.

[Nautilus Entertainment]

Why I need to try first I thought it works? I’m confused

[Sammy Trader]

At this moment, we have to test ourself by paying on a VPS server $25 per month. Hopefully EATrAdingAcademy will change something in future where they would be testing their EA in a VPS and we can see the results of Live Demo in a Trader’s profile.

So, test in demo and don’t take a risk by jumping straight into a challenge.

[Nautilus Entertainment]

This make no sense. For what exactly I’m paying?

I can test thinks myself without buying any EA 😅

[Alan Northam]

Thanks for your question!

The reason we are given 8 Expert Advisors to trade is because they do not all trade at the same period of time.  If they did all trade at during the same period of time we would not need 8 Expert Advisors as only 1 would do.  For this reason we need to test the Expert Advisors to determine which of them are trading more profitable in the current market environment.

As an example, there are times when a certain Expert Advisor will be in a losing position for a several weeks or even several months while other Expert Advisors are profitable.  It is therefore necessary for us to determine which Expert Advisors are currently being profitable.

Alan,

[Alan Northam]

I do not use my VPS to test Expert Advisors.  I have an old pc I use for this purpose which I leave running 24/7.  If my power goes out or the internet is down, which does not happen often, I just take note and continue on with my testing as a few yours when the power is down or the internet is down is a small period of time compared to testing for a week or more.  A few hours when the internet is down does not affect the overall testing results.

Alan,

[Sammy Trader]

So, you mean would rely in your Home PC 24/7, running it on your own electricity and reliable internet without any latency to get the results from EA. How much would that cost for a month in total ? Wouln’t paying for a VPS server $25/per months be cheaper and reliabale ?

Honestly, I wish EA trading academy do this job for its members and only members can see the live result somewhere without going through all that testing ourselves, so we jump straight into the Challenge with best performing EA.

[Sammy Trader]

First you buy a $25 per month VPS to test EAs on a Demo account. After a month, whatever is the 1st Top EA performed, stick to it while testing others on a demo account as things will change again after Holidays when market gets more volatile.

[Sammy Trader]

@Alan – So from Petko’s comment above. If I stick to the no.1 top performing EA of the last 2 weeks (out of all FTMO robots) and just use it with given set file/settings without changing any parameters in it, would that be enough to pass a challenge?  I am going to buy a limitless option of the challenge where I can take as much as time I need, as long as I do not violate the rule of drawdown.

[Alan Northam]

“@Alan – So from Petko’s comment above. If I stick to the no.1 top performing EA of the last 2 weeks (out of all FTMO robots) and just use it with given set file/settings without changing any parameters in it, would that be enough to pass a challenge?”

If you follow the instructions it is all you need to do to pass the challenge.  It doesn’t mean you will pass the challenge on your first challenge.  Petko has failed challenges but by retaking the challenge and following the instructions he has eventually passed the challenge.  The instructions tell you what to do, the instructions do not guarantee you will pass the challenge everytime you take the challenge.  However, if you take the challenge multiple times you should pass the challenge the majority of the time.

In trading there are no guarantees of winning everytime you place a trade.  If there were guarantees we would all be rich.  The phase I use is “In trading there is no guarantees of success, only probabilities!”  By following the instructions we increase the probability of success.

Alan,

[Sammy Trader]

Thank you so much for the reply. All clear now 🙂

[riccardo moschino]

Ho provato a mettere 2 grafici. In uno ho installato FTMO con posizioni BUY, nell altro ho posizionato il FTMO, cambiando numero magic e mettenndolo in SELL. che dite?

[Hiu Kin Yeung]

My account is down 7% on a 100K challenge, I got $93700

Now I’m planning to switch to using the FTMO bot, want to have it run on low risk ,let it grind back to $97500 , then i wanna scale it up

Is there any setting I can twerk ?

Would the bot counter any problem while i start it off with just $93700 ?

[Alan Northam]

This is exactly why demo testing is important. You can follow the guidelines for demo testing from the following link:

https://community.algotradingspace.com/forums/topic/how-to-trade-the-ftmo-v5-1-robots/#post-219413

The link shows how to trade the FTMO 5.1 robots but it applies to all FTMO robots as well.

To change the account risk from 1% to 0.5% (low risk) all you need to do is to cut the lot size in half.

Alan,

[Abhishek Chib]

Why asking for new feature. Live example : USDCAD was in profit and small New reverse the market. If we have Tailing SL or Slab wise TP then we will in profit. See screen shot.

[Author]

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