Prop Firm Robots: Errors and Solutions

[Alan Northam]

Hi Tanyeem,

As long as there is a smiley face or a blue hat in the upper right hand corner of the trading window then the robots are working properly and you just need to give the robots more time to take trades.  Also, it appears from your response you have various accounts with different brokers / prop firms.  The robots will trade differently with differing brokers / prop firms because the historical data of the brokers / prop firms are different.  This is most likely the reason why you are seeing different results.

Alan,

[Aretri]

Thank you Alan.

I have the same problem on 2 MT4 accounts with the same forex vps. Some trades are placed with one broker, and not the other.

I have looked into this and it seems that different brokers may not react the same way to the same EA.

Sometimes the FTMO robot closes a trade without it hitting the limit or stop orders. Could it happen that the broker does not take the sell order?

Aretri

 

[Tanyeem gazi]

i also thought of the same but the thing was even for the ftmo accounts it didn’t take the trades but the backtest shows it took a trade

[Alan Northam]

Hi Tanyeem,

It is possible the backtester will show having taken a trade where the ftmo account does not.  How long have you had the ftmo accounts?  If you just started them this week then you need to give them more time.  Look at the FTMO app and see how many trades were taken in the last week.  It will show maybe one or two trades per week.  You may just need to give the robots more time to react.

Alan,

[Alan Northam]

Hi Aretri,

The robots have indicators built into them that tells when to open trades and when to close trades.  The SL and TP are secondary.  So if the built in indicators do not all line up to close a trade then if the SL and TP price levels are hit they will close the trade.

Alan,

[Aretri]

Thanks Ala

 

[Tanyeem gazi]

one ftmo account i had it for about a month and another one it’s been a week

[Julio Francisco]

I have 3 open pairs and none have taken me in in a 12 day period.

 

[Alan Northam]

Hi Julio,

Have you done a backtest using the Strategy Tester to make sure the Expert Advisors are placing trades? Make sure the backtest covers more than one month.

Alan,

[Julio Francisco]

Hi Alan Northam

Yes I have performed a backtest and it has taken me no more than 1 entry in each currency pair.

I would like to know if you have any currency pair with more activity in the market

[Alan Northam]

Hi Julio,

Good, happy to hear you are getting a few trades.  So, as long as you have a smiley face in the upper right corner of your trading chart window then the Expert Advisors are working.  Here is what you need to know about using other brokers other than FTMO:  The FTMO V6.0 Expert Advisors were created using the FTMO servers historical data.  What you need to be aware of is that all brokers historical data will be somewhat different.  This is because there is no central clearing house where all brokers  / prop firms get their historical data.  As a result each broker / prop firm must go directly to central banks across the world to get their currency conversion data and from that the historical data is developed.  The problem is that not all brokers get their data from exactly the same banks.  As a result there is variations in the historical data.  Having said that please be aware that the FTMO app will show how many trades and profits each Expert Advisor has.  Since the historical data is different with different brokers the number of trades and the profit of each Expert Advisor may be different.

If the broker you are using is not generating any trades you might consider looking for a different broker.  What I have recommended in the past is to open demo accounts with 3 different brokers and see which one gives the best performance.

Alan,

[Julio Francisco]

thanks for answering

I have been testing both mt5 and mt4 for several months but I have not yet had optimal performance, not that I have used it on another server because I have already linked the bot to all the servers that I know and I have operated live.

[Nchele P]

Hi,

FTMO robot and app

I have a 50k tft challenge, server and broker thinkmarkets on low risk and a 50k demo ftmo on high risk, I loaded the EAs as advised.

To my surprise ftmo has opened position on AUDCFH but on my tft challenge didn’t open position.? All load same time and following relevant prescribed video steps. Anything I’m doing wrong?

All above being said I have another 100k challenge account with fundednext on low risk, server fundedednext-demo, loaded EAs same as above but did not open position also on AUDCFH.?

Your best advice and experience will be highly appreciated.?

[Alan Northam]

Hi Nchele,

The various prop firms will open and close the FTMO robots differently.  You didn’t specify how long you have been trading with these various prop firms but in my opinion you just need to give the robots more time to place trades.

My advise when looking to use other prop firms is to first test them out with a minimum account to see how the FTMO robots perform before opening larger accounts.  If possible chose 3 or 4 prop firms, place the same robots with small lot size and test them for a month or two then pick the best performing one to open larger account.  Test, test, test, before opening large accounts.

Alan,

[Tanyeem gazi]

how did audchf get to the top pairs not a single trade was taken on this week

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