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Hey traders,
Initial Results with the New FTMO Robot V5.0: As always, I started by testing the New FTMO Robots on a Trial account first:
The performance is much better than the previous Version, 4.3. The EAs achieved 5% fully automatically. I did not select the Top EAs from the pack, but rather, on this trial, traded all 8 simultaneously.
However, I would still place only the Top Performers onto my Challenge platform!
FTMO v5.0 needs to be installed on M15 time frame and you need to leave the chart set on M15. Then if you cannot backtest show a screenshot of the Strategy Tester .
Alan,
Hey Petko.
Hope you are doing very well!
I have been running the EA for about a week now, these are my current results:
I asked a few questions in a different thread, but was mainly wondering how long do I run before I can add the EA to my FTMO live account?
Intersting, i have installed v5 on a 200k FTMO Trial. But did not divided the lot sizes by 8. Started at 10.11.23 trading. It was in profit for some day, about 2% now is is minus 1,5%.
At the same time i started on another Trial account at Moneta (10k account) same 8 robots. I am currently at +1,5%.
Strange. But i will have a look how it performs. I think sometimes the Take Profits are to far away and the trades are made even
there is not a approved trend or just one candle into the direction. Sometims they are good. I think i have to wat the robot and correct trades myself.
Hello Petko,
I am wondering why I can see different backtest results for the pairs you traded for the same period of time, I can see there are only one trade whereas in your report I can see 3 trades for the particular pair.
Hello
So here is a screenshot of my account. It is a 50K FTMO test account. I am going to be honest here, this process is getting a bit frustrating to me. I bought this EA to help me pass the FTMO challenge because that is what it is sold as “an FTMO EA that helps you pass challenges”. Right now, it’s not doing that on the test account and I do not see what my next steps are I know that results are never guaranteed, of course I know that. Here’s the issue though. The test account on FTMO only runs for two weeks. At this point in time, I have no clear EA’s to use. None of them are obvious top performers from the rest. I am also not getting straight answers on “how long do I run the test before I can take the EA to my live account”. Is it two weeks? Is it four weeks? As in I have to run the test account twice, what EXACTLY is the process here? It does not help me that statements like “if it does not work now, then keep on running tests, maybe someday in some market conditions you will find your EA”. I need to understand from the experts in this group when do I do what. I watched the two videos from Petko where he passed two challenges. That’s great. Please help me apply this to MY account to pass the FTMO evaluation. I will look into other bots from Petko to run on the account once passed to spread risk and adapt. But right now this is the FTMO challenge bot, it is not passing the FTMO test challenge, so what do I do next? Thanks.
Hey Nicholas,
I think in the videos you watch I answered straight to your question “how long do I run the test before I can take the EA to my live account”:
I take the best performer from the last 1 week. So everyday if you check in Analysis the 1W time, you will see which EAs are the most profitable ones.
And recenly, I look at the last 3 days. So I aim at shorter period of time.
Cheers,
Hey Petko, okay, that helps. Yes in the videos you state how long, but I got mixed messages in the forum. I have been running them for two weeks now. The results started of great, but its not looking good now. Which EA should I use according to your tests? Because I do not know from the results:
Another question on your response Petko. You state that you look at the “last 3 days” but the EA does not open a lot of trades. How can you have sufficient data to make a decision in 3 days? Over a period of two weeks I have had 15 trades on the FTMO test account. One cannot make a decision on only one or two trades for a pair according to me…
Please help me understand the logic.
And also, FTMO test account will only run for two weeks, so how do I keep on testing this continuoulsy to see which ones work best.
Hello Petko,
i just need help , or anyone who can help, on where did i made a mistake…? As i received the version 5.o ftmo ea, i upgraded it, its been one week since i put it in my ftmo trial, its not working , all 8 ea. it works on strategy tester, but during live its doesnt trigger any buy /sell, hoping for your reply thanks
Hey Nicholas,
Glad to hear from you.
There is no written rule here. I share in the videos how I do it, but it is up to everyone how long period one will use.
If you are comfortable with 2 weeks, than use 2 weeks.
If there are no trades, just wait until there are enough trades. Also, there will be times when all of the assets will lose, and in these times I Do not put any of the EAs on a challenge. I just wait for the next profitable run.
After the trial expires, you can keep the account. They won’t usually disable the trading.
Hi Laurence.
Let’s go back to basics and make sure everything is set up correctly. Did you enable auto trading before placing the EAs onto the chart? Do you have a smiley face / hat in the top right hand corner? I have them in my FTMO trial and they are opening and closing trades, so I don’t think it’s an issue with the broker or their server. I’d suggest removing all EAs, closing all charts, and starting over. Enable auto trading, open your charts, copy the EAs onto the charts and select the set files applicable to you.
Cheers,
Ilan
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