Prop Firm Robots: Errors and Solutions

[Alan Northam]

Hi Anne,

The first thing you need to do is to make sure you have properly selected the parameters for the Prop Firm EA you want to download and trade.  The following chart shows you need to select the Account size of the prop firm challenge, then you need to select the Max Loss requirement of the prop firm, then the Max daily loss, the Profit target, the Risk, and finally the News filter option you want.

Then you need to download the EA and install it on a prop firm challenge that matches the account size selected.  For example, if you have started a 10K prop firm challenge, then you need to seleTct the $10,000 account in the Prop Firm Robot app.  If you select a $10,000 account in the Prop Firm Robot app and then install the EA in a prop firm challenge with a different account size the robot will not work until you adjust the account protections in the EA.

Then if you have properly installed the EA in metatrader and have either a smiley face of a blue hat in the upper right corner of the trading chart you should be all set up and the EAs should start trading.

Alan,

[Anne Clarke]

Hi

I have selected the FTMO $130K in AUD challenge and put a challenge account size of $100k US on it.

I think that maybe the issue. What do I do in this situation.

[Alan Northam]

Hi paul4x,

You can use the metatrader Strategy Tester to see if the EA is placing trades.  The results should give you an idea as to how often trades are placed.

Alan,

[Alan Northam]

Hi Anne,

You will need to make some changes in the EA properties box.  Just let me know what the Max daily drawdown, Max loss, Price target is for the prop firm challenge, also what risk level you want to take and I can calculate the changes you need to make for your 130K challenge.

Alan,

[Marin Stoyanov]

Hello Gregor,

I see that you are not having a good experience with our Prop Firm Robots.

Please keep in mind that there are bad periods for all robots. Last month we passed a challenge with the Prop Firm Robots. What we did is that we were looking for the top 5 everyday on the Weekly timeframe and High Risk.

What I would suggest is that you try different combinations such the one mentioned above and see which one is working for you. Of course try on a demo account.

Hope this helps!

Kind Regards,
Nikos

[paul4x]

By the strategy tester you mean the page with all the bots and I can change the filters?

[Alan Northam]

Hi paul4x,

No, its the strategy tester built into MT4 and MT5.  Open MT4 or MT5 and click Ctrl+R.  If you do not know how to use them check Youtube.

Alan,

[Durga Kapa]

Is there any possibility to get the mail alerts once the Prop. Firm Robot takes an order?

 

[Alan Northam]

I do not know of any way to do this!

 

[superalf]

Hi, is there a reason why there are 2 of the prop firm EAs using the same magic number by default, the EURAUD M15 v6.0 EA and the AUDCHF M5 v6.1. It’s a bit confusing as it lumps their trades together when looking at the results on fxblue.

[Alan Northam]

Hi superalf,

You can always change the magic number!

Alan,

[paul4x]

should the daily reset hour have a number next to it, i wonder if this is why still no trades being taken?

[paul4x]

should the daily reset hour have a number next to it, i wonder if this is why still no trades being taken?

[calebfg256]

AM I missing something? This is the result I got from the USDCHF 15 min robot. 

[Durga Kapa]

I have completed “The Complete FTMO Challenge Course” and want to re-watch few lessons. When i tried to find them it is not letting me in, showing that in completed courses only. Could you please allow me to know on how to revisit the required content?

Thanks.

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