FTMO Robot V5.0 is Live!

[Petko Aleksandrov]

Hey traders,

The FTMO Robot is now even better! After passing 2 challenges in October, I have upgraded it even further!

Here is what’s new:

• I added an additional Robot for Gold
• There are more indicators to confirm a stronger entry
• Set files for every account size (MT4 and MT5) are included
• The time frame is M15
• The EAs trade at the opening of the bar

So that you know, the price of the FTMO Robot will increase from next Monday (13th of November). Licensing will now include options for 6-month, 1-year, and Lifetime Updates.

All purchases of the robot before the 13th of Nov will include Lifetime Updates.

If you have any questions, feel free to let us know.

Trade safe!

 

[Jurjen Pieneman]

Hi,

I have some questions:

– I’m running the FTMO EA on FX2 and also on a Vantage RAW ECN account. I see different trades on each account, how is that possible and how can I get a broker with the same data as FX2 in order to compare it weekly.

– And FX2 had better results than Vantage in de last day?

– When passing the funded account should you change settings in the EA or just let it run as it runs now?

Thanks.

 

[Jurjen Pieneman]

And, does Petko have his demo account public available where the 7 pairs are running public available?

[Alan Northam]

Hi Jurjen,

-When the same EA is installed on different brokers the results will be different.  This is because the historical data on each broker is somewhat different due to their liquidity, volume of trades, volatility, etc.  In addition the spreads are not the same and some brokers will charge a commission on each trades.

– One thing you can do is to test the brokers to see which one performs the best.  To do this you can install the same EA on several different brokers demo accounts.  Wait one month and see which broker had the most profit.  Then use this broker for live trading.

– After passing the funded account it is up to you if you want to change the Lot size.  The advantage of reducing the lot size would help keep the account from having a deeper drawdown that could cause you to lose the account.  Leaving the lot size the same has the advantage of allowing for higher profits in a shorter period of time.  So it depends upon the risk that you want to accept.

– Petko does not have a public demo account.  However, I have been demo trading an FTMO EURUSD v4.1 EA since the first of August and I publish my results in the FTMO topic area of the forum.  The link is below.  As of two weeks ago the account was up 6%.  I will be publishing my results up through tomorrow after the market closes tomorrow.  It looks like the demo account will show a profit of 9% since the first of August.  Also as of Yesterday (Monday) I have started trading this account with a live 10K FTMO challenge.  I will be publishing these results twice a month.

FTMO DEMO

Alan,

[Nicholas Grobler]

Hello

I had to restart my system and did not save the order complete page. I also did NOT receive an email with the download information. Please help.

[Dylan Mueller]

Hey guys  is there a download available for us for version 5.0? I am keen to try the new bot.

[cobus potgieter]

Hey guys

I bought the FTMO bot this morning and downloaded the files for version 5

I have watched the videos on the FTMO bot and there seems to be some differences between the previous bot and V5

So i just want to make sure of a few things

1-Do i still set up the bot on M1 (as the EA files show M15)

2-I am using the bot on a eightcap $50k demo with a 1:100 leverage(because all the prop firms i use ,use eightcap),the set files that is provided with V5 for the different size accounts does not seem to change any of the settings on the input, for example, the entry lots on the $50k set file is 0.1, and if i load a different set file like a $200k, the lot size stays the same at 0.1 and i have checked on all 8 of pairs

3-After loading the bot on a pair, the only info on the chart is on the right hand top that states the robot name and version and the smiley face, is there any other info that must be shown

So far all of the 8 pairs has smiley faces , so i assume everything is setup correctly

No trades has been taken by any of the 8 pairs, but i have only been running the bot for an hour so that can be understandable

[Jurjen Pieneman]

For the other users: Go to the download folder again and you will see version 5 available for download.

[Alan Northam]

Hi Cobus,

Answer to question 1) You need to load the EA’s on the M15 chart.

Answer to question 2) You will need to adjust the lot size manually.

Answer to question 3) The new EAs were created with EA Studio and not FSBpro so you will not see all that extra data on the screen.

Answer to question 4) If you see all smiley faces then you are set to go. Give it more time for the new EA’s to place trades.

Alan,

[cobus potgieter]

Thank you for the reply, do i still need to load the correct set file for the account size

[Petko Aleksandrov]

Hey Dylan,

You will receive the e-mail with the new download link and password later today.

We are working on the final tests.

Cheers,

[Petko Aleksandrov]

Hey guys,

Thee will be small differences between the videos and the new Version 5.0

I will do my best to rerecord some of the videos using the new version.

Also, you will receive the e-mail with the Set Files.

Something fundamental I missed to show in the previous videos is that when you test the Robots on trial you have to do it with different lots so the exposure will be equal. But all of that is in the set files. Just in case you wonder why the lots are different.

[Jurjen Pieneman]

Hi Petko, Thanks for the update. Where is the BE function, can’t find it in the new settings. Liked the function although it didn’t work on MT5

[0xBitpool]

Can’t wait to move them to my 10K FTMO challenge that I use as a test for the 7EAs (now 8!) with a very small lot size!

Keep up the good work Mr Petko!

[cobus potgieter]

Thanks for the update Petko

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