Prop Firm Robots: Errors and Solutions

[Marin Stoyanov]

Hello, “authorization failed” is not a problem related to the robot. Usually this message appears when you’re entering wrong login credentials for your account. Or if could be that some prop firms don’t allow trading with robots on a trial/demo account. Can you say if the second is the issue or not?

[Konstantinos Borsis]

Hello everyone. After the US elections the markets seem a bit all over the place. Trying 2 BTCUSD and 1 GBPUSD FTMO bots atm. Do you guys leave the default settings as is or do you tweak spread at all? I mean i leave the indicators as is and the all the entry and exit parameters  as well as i trust the EA developement and creation process. Just trying to see ideas or suggestions from people that have actually been sucessful either passing or maintaining an account. Any general settings ideas or thoughts on set ups would be much appreciated. Thanx 🙂

[TKO88]

Hey All,

So this is my first week of trading with these Prop Bots. I am using the MT5 versions on a $10k FTMO Demo. So far this week the bots are down nearly $450 whilst:

• EURJPY (1238246918) is down $500.
• EURGBP (1582513645) is up $50
• XAUUSD (1611800265) is up $36
• USDJPY (1635766325) is down $200
• BTCUSD (1838199896) is even
• GBPUSD (255882763) is up $58

My question is, is it normal for these bots to have days in which they consistently lose money? Is there anything else which I can do to mitegate the losses? Or am I the only one which has had a poor week this week?

I understand I need to be patient with the bots however through this first week, the performance hasn’t lived up to the expectation: that these bots either cover the loses of each other or make money as is shown in the App.

For clarification all currency bots are running at 1% risk whilst XAU & BTC are running at 0.5% risk due to ensure enough margin is available to trade.

[TKO88]

Since yesterday the only bot which is now profitable is the BTCUSD which is up $40, whilst the rest are down by 1 or 2 trades.

[Marin Stoyanov]

Hello, combining such diverse assets like crypto, forex, gold, or silver presents several unique challenges due to their differences in market behavior, risk dynamics, and operational requirements. Assets like crypto (e.g., BTCUSD) are highly volatile, with frequent large price swings, while forex pairs (e.g., USDJPY) are typically more stable. Gold and silver have their own volatility patterns, often responding to economic events like interest rate announcements. This variability in volatility can cause uneven performance across the portfolio, making risk management more complex. High volatility assets can skew results, potentially leading to increased drawdowns or unexpected losses. Another issue is that Forex operates within established market hours, and commodities like gold and silver have their most active periods during the London and New York sessions. In contrast, crypto trades 24/7, including weekends, with distinct liquidity patterns. These differences in trading hours can affect execution quality and cause unexpected volatility, especially when moving between market close and open periods.

From our experience with all the challenges where we participated, we never used such a diverse asset selection. We either stick to the forex pairs, or if we trade other assets as well we pick no more than 3 and use the same risk for each so we can identify which assets and EAs are performing well and which not.

That being said, when market is in downtrend, there is not much you can do but wait for a better time.

Hope this helps to evaluate the robots and your setup better.

[Vince]

Hello. I have the same problem with these crypto EAs and FTMO. It works well with IG !

[A Bailey]

Hi. I seem to be having the same issue. The EA takes a trade in backtest but not in live trading. I’m running the Top 3 EA’s on FTMO Demo

[hksar5]

Hi EA Academy Support,

Your prop firm robots have a setting of daily loss of 4500 in 100k ea. However, it did not stop after exceeding daily loss of 5000, which causing me failed the 100k challenge on 22 Nov 2024. Can you elaborate why？
Poor Edmond

[Bob Gal]

Same issue here BTC/USD not taking trades in FTMO demo, ive also suffered massive DD when ever i get a win the EA takes and opposite trade and it DD loosing the gain. Im loosing confidence in this system.

 

[DominikDorner]

For me the EA does not open trades in backtest and on the demo account. Using BTC USD. What am I doing wrong?

[DominikDorner]

Hi Support,

could you please cross check the prop firm bots, backtesting incl. the graph and trading does not work for example for BTCUSD , USDJPY and possibly a few others…

As a comparison XAUUSD generates proper backtest values and a graph without any issues.

Could you plesae have a look? And check it on your side?

Thanks
Dominik

[DominikDorner]

I just wanted to add that I am trying to backtest in MT5

[DominikDorner]

This is the graph I see for most of the prop firm EAs, 2023 – today, blackbull account, spreads 10-15

 

[DominikDorner]

Hi,

there seems to be a major issue with prop firm robots.

I am backtesting on MT5, 2023 till today, Blackbull broker with spreads around 10.

Account 100k, Max Loss 8K, Daily Loss 4K, PT 10K

#1 BTCUSD generates a DD of more than 10%

#2 USDJPY doesn’t do anything. Icannot even do a backtest.

#3 BTCUSD wipes out completely after 4 months with a generated loss of 116k

I am wondering how those should work and since we paid a lot of money for it I would kindly ask for a support and feedback.

Thanks
Dominik

[Sand0r]

Hi Martin,

I am using the prop firm robots app since more than 3 months.

My best aproach was to use the 3-5 best performing robots per Week (e.g. FX only).

This went really well for a couple of months and I also passed the first phases of prop firms.

Here’s the catch: Since 2 Weeks there are massive draw downs and almost no profits..

Is there anything broken with the app or just a bad month?

 

Best,

Sandor

[Author]

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