Prop Firm Robots: Settings and Inputs

[Thommo383]

Hey Guys,

I’m about to start a prop firm challenge and wanted to know if the prop firm eas will still be ok on a 3k account with the correct lot size. The firm i’m going with has different scaling plans than traditional prop firms. Always max draw down 5% & 7% targets to scale up. I can start with 5k but i prefer the lower 3k as its a bit cheaper to purchase from the start. Let me know your thoughts

Thanks Stephen

[Alan Northam]

Hi Thommon38,

You will need to adjust certain EA parameters for a 3K account so it will work. The following link is an example on how to do it. If you need further help please let us know.

https://community.algotradingspace.com/forums/topic/ftmo-robot-app-v6-0-new-features-released/#post-225623

Alan,

[Elia Calvente]

Hello everyone, I would greatly appreciate your help and collaboration.
I want an EA to protect the account, I’m trying to create with FS Builder Pro and I don’t know how to do it.

BOT Features:
– Real balance of the account.
– Maximum Daily Loss %: (When the balance reaches maximum loss, the BOT closes all open operations in the account and no EA in the account can open positions until the next day)
– Maximum drowdon of the account %
– Frofit Daily Limit %: (When the account reaches the desired objective, all open positions in the account will be closed and it will not operate until the next day)

Does anyone have this BOT or know how to do it?

[Miroslav Popov]

Hello Elia,

The FSB Pro robots provide only a “Stop trading at min account” protection.

For more protections, please use EA Studio robots (or the newly released Top-10 Robts Application).

These robots comes witch numerous protections:

• Max spread (points)
• Max open positions
• Max open lots
• Maximum daily loss (currency)
• Minimum equity (currency)
• Maximum equity (currency)
• News Filter

 

 

[Elia Calvente]

Muchas gracias… Encontré estos parámetros.

<span style=””>Las “protecciones de entrada” evitan una nueva entrada si se activa una protección</span>
<span style=””>cadena de entrada estática Entry_prot__ = “——“; — Protecciones de entrada —</span>
<span style=””>entrada estática int Max_Spread = 0; Margen máximo (puntos)</span>
<span style=””>entrada estática int Max_OpenPos = 0; Máximo de posiciones abiertas</span>
<span style=””>entrada estática doble Max_OpenLots = 0; Máximo de lotes abiertos</span>

<span style=””>”Protecciones de la cuenta” detiene al experto si se activa una protección</span>
<span style=””>cadena de entrada estática Account_prot = “——“; — Protecciones de cuenta —</span>
<span style=””>entrada estática int MaxDailyLoss = 0; Pérdida diaria máxima (moneda)</span>
<span style=””>entrada estática int Min_Equity = 0; Patrimonio mínimo (moneda)</span>
<span style=””>entrada estática int Max_Equity = 0; Equidad máxima (divisa)</span>

[VapoChill]

I’m testing the Prop firm bot, but I just notice the take profit and stoploss targets are sky high, it opens trades but not closing them on the target 7000 pips.

When I hover over the gold price: Xau/usd: it says: 1 Lot= 100 oz ($10.00 pp) , Eightcap.

What should I enter for the default settings ? : 700 pips ? it’s a bit confusing.

[Alan Northam]

Hi VapoChill,

These are the correct amounts for Stop Loss and Take Profit as each pip is worth $0.9 dollars. Keep in mind these EAs have indicators build into them that tells them when to take trades and when to take profits and when to cut losses. These indicators will normally trigger when to open and close trades before the market reaches the Stop Loss and Take Profit hard limits.

Alan,

[Konstantinos Borsis]

Hello everyone. As the new trading week is approaching, ayone has any ideas suggestions for settings on XAU M15, EU M30, EA M30 and UCHF M15? Thanx in advance.

[Marin Stoyanov]

Hey Konstantinos,

I believe you can try trading low risk settings in all of the pairs and see how that will go!

Kind Regards,
Nikos

[Konstantinos Borsis]

Has anyone had TP hit on any pair EA of the Prop Firm Robots in the past 14 days at all? If so can you please share result and/or settings and which pair and TF you used?

[kcy001]

The new downloaded FTMO robots now doesn’t have the option to adjust Envelopes to make entries unique ?
Others value like TP, SL, LOT SIZE can be adjusted but the entries if everyone uses these same indication for entries will makes it very suspecious to possibly flag as copy trading?

[NIKOS KYRIAKOU]

Hey kcy001,

About the Envelopes, please know that each strategy is different and might not include Envelopes.

About the entries, it is not exactly like that. The way it can be mostly suspicious in prop firms and looks like copy trading, it’s if you are using the same robot in many accounts of yours.

Hope this helps!

Kind Regards,
Nikos

[Derek Fitzgerald-Poe]

Do you mean using the same robot if you have multiple accounts with the same Prop Firm? I wouldnt think they will see if you have say 1 account but 4 different prop firms and using the same bot as each prop firm is not communicating with each other?

[appleWhiskey2]

Is it better to use 1 Prop App EA per challenge or to use multiple of them at once?

[NIKOS KYRIAKOU]

Hey there,

That depends on your trading style. You can try with one or you can try a combination of for example top 3, top 5 or something like that.

Hope this helps!

Kind Regards,
Nikos

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