Prop Firm Robots: Settings and Inputs

[Dylan Mueller]

Thank you for your reply Petko, however i am still a little confused. The way i currently understand is if i have spread protection set to default at 30 points then the bot will not open or reverse trades if the spread is greater then 3 pips? Is that correct? Because the AUDNZD pair very rarely has a spread that low for me.

[Alan Northam]

Hi Dylan,

With respect to AUDNZD or any other asset you should adjust the spread protection appropriately.  The idea is to keep an asset from trading when the spread is too wide.  Wide spreads reduces potential profit and increases potential loss!

Alan,

[Ahmad Ahmad]

Hello I just added 3 robots on 3 different pairs and kept the algo on the whole day and it did not take any trades I dont know what is the problem? can someone helpme

[vinnysvinyl]

*** TURNING OFF FOR NEWS ***

I just purchased V.5 of the FTMO EA> Looking forward to getting going. I heard someone on YouTube say that Petko manages the EA’s to avoid red news events. Is that right? If so, could you please give some guidance on specifics?

• Does he close open trades before RED FOLDER news relevant to currency? e.g. USD
• How much time either side of the red news does he allow? 60 mins? 90 mins?
• Does he turn them all off for NFP? For the whole day?

Thank you!

[Dylan Mueller]

Hey guys what is the correct way to increase lot size without messing with the reversing system in the bots? can i just increase lot size for a trade and a reversal and the bot will only trade the max size allocated size that is set? or is it best to open a new chart and place the bot on there with the increased size?

[Alan Northam]

Hi Dylan,

If you want to increase new position size then you will need to increase max position size so that it is equal to the new position size.

Alan,

[Sipho Bhiya]

 

[robert finn]

I went through the passing  the FTMO course and have the FTMO robot installed and ready to go.  I just have 1 question.  Do I need to adjust the time settings for when it runs with my brokers time on MT4?  If so, how?   Thanks

[Alan Northam]

Hi Robert,

No you do not need to adjust the time frame of the robot.  As long as there is a smiley face in the upper right corner of the chart you are good to go!

Alan,

[robert finn]

Thank you Alan, much appreciated!

[Eric Culla]

Hi! Is there a live FTMO Robot running in MyFxBook that we can check which are the top performing pairs in the current market condition?

[Alan Northam]

Hi Eric,

Which version of the FTMO robots are you wanting to know which robots are top performing?

Alan,

[Alan Northam]

Hi Eric,

Which version of the FTMO robots are you wanting to know which robots are top performing?

Alan,

[Alan Northam]

[Eric Culla]

Hi Alan,

Thanks for sharing, how long do we need to try it on demo before using it on live/funded account? Also, my prop firm doesn’t have a demo acct, what can you suggest?

[Author]

Posts