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how do i install the ea? i have downloaded it but when i try to install onto my chart, it opens the source code in metaeditor, i thought it would install directly onto my chart like other EA?
After downloading the mql file and opening it in the Metaeditor, you would need to compile it for the EA file to be created. This will add the corresponding EA file right above the mql file in the same folder/location you have your mql file at. You can then transfer/copy-paste the newly created EA file to your MT5 terminal data folder -> mql5 -> experts.
After that close the window and then refresh the experts list in your MT5 by right click in the navigator experts list tab then click refresh. This will bring the new EA in the list ready for you to add to the corresponding chart. I hope this helps.
Hi guys. Got my first XAU trade on M15 from FTMO Prop EA. I immediately closed all other manual trades i had opened to give air and room for this trade as although the lot size is small, the range of the trade is quite big and i assume thats why it takes days to close if not in favourable trend. However, risking about 250$ per trade that means any other trading in the account should be restricted to minimum or very closely monitored. I use the manual trade mainly to increase to support of the big one in margin available (if in profit) as every little counts, and if in loss to lose small. Now if the FTMO EA goes very close to TP i would close and take that profit and not place any more trades until next day. I would wait for another win of the EA before thinking of raising the lot and only after i see if the same pair is again in the top 3 performers in the app after the week closes. I would then choose accordingly between weekly and monthly optimisation EAs (for me daily and monthly are not suitable).
Hi Konstantino,
If you see a smiley face or a blue hat in the upper right corner of the trading chart then the EAs are installed properly and you just need to give the EAs more time to take trades.
Alan,
Hi Paul4x,
After you add the EAs to Metatrader close Metatrader and then re-0pen it. You should now see the EAs in the Navigator window. Once you see the EAs in the Navigator window you can then install them onto the trading chart.
Alan,
thanks, yes successfully loaded the bot, however it appears to remove itself after 1 minute from the chart.
says current position closed and EA is turned off?Hi Paul4x
This happens because the robots you downloaded do not match the account size so the robots turned themselves off to protect your account. For example, if you have a $10,000 account then you need to download the robots for a $10,000 account. Which robots did you install? Can you show a screenshot?
Alan,
fixed the issue, i am running it on my darwin account that was hit by the gold investor loss and my min equity was higher than actual account balance.
Hello, I am using FTMO (now Prop firm) robots on my live and demo accounts for about 4 months. Really it’s getting worse and worse. I cannot show you all my results from demo accounts because I have only one month demos at my broker, but you can watch my last week results on my demo.
https://www.fxblue.com/users/ftmodemo10000
I have all 14 EAs active on my demo, but on my live account I use only six (month’s) best from Prop Firm App. Unfortunately these which are the best in week for example 12 give worse results in week 13 than others which are the best in next week. It means on my live account where I’m using 6 best EAs my results are bad as well. In my opinion current market conditions are different from those that existed at the time of creation EAs and they simply need updating, I mentioned about it in another topic. I think I will not renew my subscription if the results are still the same as they are now.
Hi Gregor,
I reviewed your FXblue results. I suggest keeping AUDCHF.pro and USDCHF.pro with current lot sizes. Change other lots sizes to 0.01. Each weekend sort by Net pips, largest to smallest. Then look at Symbols. Pick the ones that are in profit with profit factor greater than 1.2 and increase their lot size to the risk level you are willing to accept. Move all other assets to 0.01 lots. repeat each weekend. This is how I do it. I do not expose my account to more than 3%. For example, if I find 4 assets that have profit for last week and profit factor greater than 1.2 I set each of their lot sizes to represent 0.75% of account balance.
You can follow my topic from start to current status to get an idea of how I trade the robots. The robots I trade are my own but the workflow is the same:
Hope this will help get you going!
Alan,
Hi Alan,
I started a new topic called ‘Top 10 EAs general questions and 50% discount’ where I also attached some screenshots but it says now ‘This topic is pending moderation.’ and I cannot see it. Is it posted or something went wrong and I have to do it again? Thank you!
best regards
Boyan
Hi Boyan,
I approved it so you can see it now. However, I do not cover those particular EAs so one of the other moderators will have to reply to your questions and concerns.
Alan,
Hi Alan,
thanks a lot. I might have mixed up the topics. Can just please clarify – are the Prop Firm Robots(former FTMO robot) a different animal from the Top 10 EAs, I am getting quite confused. Tnaks again!
best regards
Boyan
Hi Boyan,
Yes they are different apps. They have different strategies. The Prop Firm robots are best for using with prop firms. The Top 10 EAs are best used with brokerage accounts and are tested using the brokerage accounts listed. I would recommend using the same brokerage accounts.
https://platform.algotradingspace.com/premium-robots/prop-firm-robots/
https://platform.algotradingspace.com/premium-robots/top-10-forex-robots/
Alan,
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