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Prop Firm Robots

Prop Firm Robots: Errors and Solutions

  • by David Hanlon
  • 782 replies
  • 2 voices
  • active 5 months ago
Viewing 15 posts - 1 through 15 (of 783 total)
  • David Hanlon

    So after a great start in the challenge the EA studio totally failed for me in the verification stage losing every single, last, trade. Maybe you just get what you pay for so I’m moving on and  looking at the FTMO Robot. I know it’s new, but can anybody report any success with it especially over the last mouth?

  • Petko Aleksandrov Algo Trading Space team

    Hey David,

    Please make it more transparent what you mean by ”EA Studio failed”. EA Studio is not an EA but a tool we use to create and automate EAs. Do you mean you generated EAs using EA Studio and you put them on a challenge?

    The robot performs smoothly and now when FTMO removes the 30-day period for the challenge it gets even easier to pass with it because we are not limited in time.

  • Thomas S.

    Hallo,

    I have the following questions about the FTMO
    ROBOT.

    can I scale and for 20,000 then increase the lots to 0.6?

    can I probably transfer the robot to other prop companies?

    Thanks,

  • Alan Northam

    Thomas,

    Yes, you can scale it up!

    What I know about using a common EA on various brokers is that the results will not be the same.  Some brokers might show greater stagnation, drawdown, and or overall profit than other brokers.  So beware of these possibilities!

  • Petko Aleksandrov Algo Trading Space team

    Hey traders,

    I have updated the FTMO Robot on our website. This is the latest version, Version 3.

    • How is this Robot different to the previous version?
    • It trades on the M1 Chart using the Envelopes
    • There is a Higher Time Frame filter (MACD on M15)
    • Option to add to the position
    • Spread & Account protections

    I have recorded a detailed video explaining How the Robot Works.

  • Jean Sumner

    Hi Petko,

    Is the FTMO robot the same one included in your FTMO course? Or do I have to purchase it separately?

  • Petko Aleksandrov Algo Trading Space team

    Hey Jean,

    Glad to hear from you.

    The course will be updated with the EA in the very near future. I just recorded a few more videos showing how I pass the 200k challenge and it will take some time for my team to edit the videos.

     

  • patrick paiotta

    Hey Petko,

    I hope you are doing well.

    I purchased the FTMO Robot yesterday, I am trying to back-test the robot on metatrader5 on a 10k challenge. Looks like is not opening any trades on the back-testing, I am pretty sure the reasons are the wrong settings/inputs, i had to modify them since your video is showing the settings for a 200k challenge 🙂 can you please help me?

    Thanks for your amazing job, i like your videos and effort.

     

  • Petko Aleksandrov Algo Trading Space team

    Hey Patrick,

    You do not see any trades because the default lot size is huge for a 10k account. Try to lower it to 0.1 and the max position to 0.3 and see if there will be trades.

    Also, make sure to use Control Points as a backtesting model.

  • Vincenzo Dallacqua

    hello to everyone, I have the same problem as you, I’m backtesting on an ActivTrades demo account.

    \"\"I really hope it can be resolved

  • Petko Aleksandrov Algo Trading Space team

    Hey Vincenzo,

    I think it is the same issue. Please, lower the lot size and try again.

    Also, yesterday was the weekend and the FTMO server closed on Friday with a spread > 10 pips.

    In the EA there is a Spread FIlter Protection set to 3 pips, so make sure not to use the Current spread but 2 pips for example.

  • JOSE RODRIGUEZ

    1) what setting do you recommend to pass FTMO 100k ?

    2) The EA doesn’t has any high new protección right? What do you recommend?

    3) I work with a profirm that doesn’t accept Martingale How I can setup the EA non martingale?

    4) how I do backtesting I tried I didn’t work

  • Petko Aleksandrov Algo Trading Space team

    Hey Jose,

    Glad to hear from you.

    1. I would use 3 lots so if the EA hits the SL it would be below 1%.

    2. What do you mean by ”high new”?

    3. The EA does not use martingale: it adds to the position if there is a new signal. However, if you want to avoid the adding just set the entry to 3 lots and max position to 3 lots, so it won’t add on the same directional signal.

    4. Abour the backtesting make sure to use a smaller lot and spread of 2-3 pips (not the weekend one)

     

Viewing 15 posts - 1 through 15 (of 783 total)

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