Prop Firm Robots: Settings and Inputs

[Riduwaan Felix]

Sometimes you must close out manually especially if you getting close to profit target and close to minimum days

 

This happens fast if you up the risk after getting some profit.

[eduardo caballero]

Hello admin does the EA automatically adjust lot sizes base on balance lets say I started with 100k, and my account is increasing since the EA choose the lot sizes base on my preferred  risk does it also adjust lot sizes if the account goes up or down?

[Ilan Vardy]

Hey Eduardo,

 

You can close trades manually and it won’t affect the EA at all. As soon as market conditions trigger the rules of the strategy to open a trade, it will open another trade. You can absolutely close trades manually if that’s something you’re comfortable doing.

 

Cheers,
Ilan

[Ilan Vardy]

Hi Eduardo,

 

No, the EAs do not scale the lot sizes automatically. It works on the challenge size and risk settings you selected when downloading the EAs from the app.

 

Cheers,

Ilan

[Alejandro Quesada]

Hi fellows… Do the settings change for managing monthly a FTMO passed challenge account? Has anyone done it? Has anyone received payments already from managing accounts with the robot?

Thanks,

AQ

[Steve Kanotz]

A few moments after install of the EA on MT5 the data on the left stays but the blue hat disappears.  Any idea why?

Thanks!

[Steve Kanotz]

You can see in the data box on the left that the EA has been shut off even though Algo Trading is enabled in EA Properties and in MT5 top bar.

 

[Steve Kanotz]

Figured it out!!  Had an account size chosen larger than what I had and went into equity protect.  My fault.

[Keithesaf]

Hi All,

I have the Prop Firm Robots on MT5 on a VPS 9foexvps.netBroker is IC Markets, but had the same issue with EightCap

Demo $100000 account

Install the expert on the charts. after compiling.

Journal says Expert Loaded successfully, then 3 minutes or less later, The Journal Says Expert removed.

 

This is happening each time I try and load the experts.

Any advice would be greatly appreciated.

Thanks

Keith

[Keithesaf]

[Keithesaf]

[Flyhigh430]

Hi all, I am super new to this, but a simple question; after a possible success of winning an FTMO challenge, can I then keep using the same bot on the funded account? The Prop firm bot as I understand will close all trades as it reaches a set target. That is perhaps not what you want once your in the funded account. Could I either take away that target or just restart it? Or is there a better way? Also can I already purchase this Prop firm bot and use it on a live account even though that account is not a 100k account?

Sorry a lot of questions but I am just starting on this wild and exciting ride!! 🙂

[Ilan Vardy]

Hi there,

 

You can continue using the EAs on a funded account, and simply adjust the settings. In the Properties of the EA (inputs) find the line “Maximum Equity (Currency)” and set the value to 0, so the EA doesn’t stop trading when the profit is hit. Or adjust it to an amount you want.

Keep in mind that the Prop Firm Robots are designed for challenges and the risk and protection settings are selected before downloading the EA, so you’ll have to adjust them to suit your goals.

Cheers,

Ilan

[Ilan Vardy]

Please check the Minimum Equity Setting. This needs to be higher that the account balance. It’s a protection setting. The EAs will be removed/disabled should your account balance fall below the specified minimum equity.

Thanks,
Ilan

[Ilan Vardy]

The settings will change according to your goals and protections. You can change the setting in the Inputs for Maximum Equity (Currency) to 0, so that the EAs do not stop trading when a profit target is hit. You can also change other settings like minimum equity and risk in %.

Thanks,

Ilan

[Author]

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