FTMO Robot V5.1 is Live!

[Alan Northam]

I think the fact that both opened at exactly the same price might just be a coincidence.  It would be interesting to see if they do it again.  You can change the period if you want.

Which prop firm are you using so I can check on their policy on multiple traders using the same robot?

Alan,

 

[gabiscriba]

Thanks.

[smartkary]

HI,

I am trying to use FTMO V5.1 EA on a brand new FTMO trial 50K.
However it keeps showing error: Expert Advisor turned off

[gabiscriba]

This happens after you install setfiles, right?
Before that it works. That’s what happened to me. And I didn’t install setfiles anymore, I changed the few parameters manually.

[smartkary]

yes, after installing SET files. Hope we get correct updated set files for using on FTMO.

[gabiscriba]

There are only a few parameters to change. Do it yourself, manually. Stop installing setfiles.

That’s what I did.

[Alan Northam]

Evidently you have not set up the set files correctly.  I have added a snipit of the set files below for referrence:

Account_prot=——
MaxDailyLoss=2450
Min_Equity=45050
Max_Equity=55005

Note, Max Equity should be set to 55005.  I think perhaps you set it to 50000 or 50005.  What this does is to close the trade and remove the robot once you have passed the challenge.  What can happen if this is not set correctly is the trade could pass above the 10% target to pass the challenge and then fall back below this price target in which case you would not have passed the challenge.  By setting this according to the setfiles once your account moves above the 10% price target to pass the challenge it will close the trade and remove the robot so that the account will not fall back below the 10% price target to pass the challenge.  This is a protection to make sure once price moves above the 10% target you will pass the challenge.

Alan,

[smartkary]

Thanks Alan. that was helpful, now i have my settings correct and it looks in order now 🙂

[gabiscriba]

I didn’t know these things.

Thanks a lot.

[Alan Northam]

This is explained in Petko’s video for v5.1.

https://community.algotradingspace.com/forums/topic/is-the-robot-available-for-multiple-funded-accounts/#post-219126

Alan,

[riccardo moschino]

Buonasera, chi mi aiuta??? acquistato  oggi, non appena metto gli inputs dell’ EA me lo rimuove. I test sono un disastro, sono disperato

 

 

[Alan Northam]

It is most likely because the maximum equity in the robot properties box is not set up correctly for you account size.  You can find the correct settings in the setfiles.

Here is a video that shows how to setup the FTMO v5.1 robot:

https://community.algotradingspace.com/forums/topic/is-the-robot-available-for-multiple-funded-accounts/#post-219126

If you have further questions post them below.

Alan,

[riccardo moschino]

No, i settagi sono stati copiati dai file set, dal video e dalla guida. Non vengono guori nemmeno gli indicatori e i test fanno pena

Aiuto!

[Alan Northam]

Please show a screenshot of all the robot properties box settings.  All of them!  Also, what is your account size?

Alan,

[riccardo moschino]

Certo. Mando gli screen senza toccare. Non appena modifico gli input o carico il file set da 50 K me lo butta fuori dal grafico. Conto da 40 K euro mt4

[Author]

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