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gud day, i download the robots, its telling me i dont have an active plane
my plane is still remaining 2 weeks
this is the second time this happens to me
Hello guys,
trying to get some insight on these:
1. I understand that optimisation in the app is providing best trade settings per TF and historical data chosen per account size. So besides, lot size do I need to adjust entry protections (spread, max positions max lot) or for example the entry time/schedule? What would you suggest please?
2. I check for 1-3 top performers looking for smoother graph line and lower DD version and use only these. Any suggestions here as well please?
Hello Ahmad,
I checked your account and you have an active license until 2024-07-07. After looking into this in more depth, I found out that you have multiple registrations on our site related to your email address. I merged them into one registration. Please try to log in again using one of the passwords you used for the two accounts. If you see a message about a forgotten password, then you need to reset your password and going forward you will be able to easily login using the newly set password.
Hi Konstantino,
Which app are you referring too? The Prop Firm robot app or the Top 10 EA app?
Alan,
Hi Konstantino,
So, when you access the Prop Firm Robot app the first thing you do is to select the account size, the Daily DD, the Max DD, the Profit target, the risk, and the news filter option. Lets say you select 1% risk. This means you are risking 1% of the account balance. So if you chose to trade 3 robots then the total account risk is 3%. So if the prop firm you are using has a daily DD limit of 5% then there is nothing you need to do. Professional traders do not risk more than 2% on each trade nor do they risk more than a total account risk of 6%. So this strategy would be inline with what the pros do.
I like the idea of looking for the smoother graph line. This is the same as looking for the robots with the lower DD.
Alan,
My strategy on reading top performers is : check pairs from Y5 to D1 all the graphs that show smoother lines, lowest DD and match those in Y1 with no big balance gaps against time elapsed to figure out ideally how long it will take for the bots to show positive performance. Then choose no more than 3 top performers to use per week and repeat the process every Sunday to check for changes.
Hi Konstantio,
Great! Now that you have defined your strategy, test it to make sure it is a profitable strategy. If not, then find out what went wrong, improve on it, and test again.
Let use know how it goes!
Alan,
Why is the traded not triggered after following all instructions for installing the bot ?
Also why is it that when trying to plug in on all other account the bot goes off on other accounts plugged earlier?
Hi Efe,
As to why the trade is not triggered depends upon the Expert Advisor you are using. Some EAs may only trigger a trade one a week on average.
As to why the bot goes off on other accounts is most likely because the account protections have been activated. If you provide a screenshot of the trading chart I may be able to clarify better.
Alan,
A wee update on progress : EU, AU and XAU bots have been running on my 3 challanges (10k, 25k and 50k) for about a couple weeks now. In general there is more win in value than loss, vast majority of trades is with XAU and the last week was not good but still safe under the EP limit.
EU made a couple of trades both of them wins. However for both pairs since the TP was pretty far away, i had to close the trades in profit manually after at least 3/4 of the TP run was done. Sometimes by setting manual trail in MT or by simply cloing the position.
Now based on the above, i will try a different set up for the coming week focusing on even lower top performers 1-2. I will also get all bots in the app running on a 25k demo making sure their total lot size is within the 1% of the medium risk. I ll run them for at least a month to check best performers there and compare with what the app suggests and my selections for the first couple of weeks in order to cross check and have a better view.
I am pretty sure that not all top performers will perform on the blue side, however i am also pretty sure that there are 1-3 that will show promising consistency and i am more than curious to see that since different brokers, different pairs and different market conditions can vastly affect theoretical optimisation, so real market conditions would probably the only way to have better understanding and verify.
Hi Konstantino,
Great job this past week. I like your approach for this next week. Let us know how it goes!
After you manually closed EU what did it do after words? Did it continue higher, did it finally hit its profit target, or, did it turn down keeping you from a loss? You should document this so every time you manually close a position you will have a record of it. From this record you will be able to determine over the long term which strategy, manually stop out or let it run, would have been more profitable.
Alan,
Hey Alan, thanx for the feedback. The EU trade was closed completely as i didnt set up partial tp. After that the bot didnt open any other trades on the same day. After that i switched to a different set up keeping the XAU as more active and due to its higher value wins i had.
However the past few days XAU on M15 has opened a few trades the wrong way (or at least the against the market but at the correct direction at the time just the market didnt follow) so this week i wa a bit at loss. Far from the EP and the losses were smaller as the sl or the manual closing/manual trail were much shorter than the win runs. I am now trying to self control against getting scared if a trade goes the wrong way for say 3-4 hours with no signs or reversal and also trying to figure out if setting manual trail sl would help in some cases. In general, i have studied Petko’s approach with choosing only 1-2 top performers and changing nothing of the settings and simply trusting the system and let it run its course. Maybe only tweak lot size a bit and if profitable start scaling up.
One thing i noticed is that Thursday and Friday XAU opened 2-3 trades thinking it will go buy but market went massively sell so the bot stayed the course until it closed earlier at some point with about 70-100$ loss and at the same time opened a new trade on the prevailing direction and gained back some of the losses in the end. But, since this is not grid or martingale, does the bot do that in general? Closing early and opening new opposing trade on its own? I didnt see any close at opposite signal settings.
Hi Konstantino,
Last week we had some high risk news events against the US Dollar so this is the reason gold didn’t do well. Over the long tern these news events will favor the US Dollar and gold so it will all average out. Since sometimes these news events can go against gold I would not risk too much on gold so keep lot size under control so gold doesn’t significantly DD your account when these news events occur. Some traders try to close trades ahead of these news events. The problem is there are so many during the month it is hard to stay on top of them. Besides, sometimes these news events will favor the EAs. As a result, I do not try to time these news events I just keep risk under control.
I like to document my trades and my strategy so I can refer back to them and see where I did good and what needs to be improved. I think all traders should do this.
I think you are starting to get control of your trading so keep up the good work.
Alan,
Thanx so much Alan really appreciate it.
Now regarding news 2 things I’d like to ask: 1. Shouldn’t the EA avoid opening trades during high impact news 2 mins before and 5 minutes after? And if so should we increase this time frame let’s say 30 minutes before and 30 minutes after to avoid these news? Or as you said the news sometimes are just too many so restricting the EA in general could also prevent it entering some favourable news positions and it is virtually impossible to say which is which and try to keep out from all of these so it’s better to let’s say avoid the hard core of the events 2-5 minutes before/after to also be within the prop firms regulation of trading news but also keep the lot size under control so in case things do go south the loss won’t be that big. And simply wait for better days.
I was also thinking about the idea of closing any trade during high impact news (or switch off autotrading) if I see that it goes beyond an acceptable loss limit for me, more than 1/3-1/2 of the SL distance, as this is clearly a sign that price is going the other way to place its self in a position of a new high only to drop/rise from that point after the market is no longer interested in that position (so should also keep an eye on volume – very low volume on strong uptrend/downtrend is a strong indicator of a reversal coming up). But this is something you can manually act upon but a bot should follow its system no matter what and this is what it supposed to do. Which means let it run do its thing be careful with lot size and eventually things should change.
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