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Thanks all , this Forum is being an eye opener for me. I was going to buy the FTMO EA Course that comes with Robots, but I would rather wait until a participant passes the challenge with V5 and the default settings provided in set file. @Nocholas – if you EVER pass the challenge with EA then please share the time EA took to pass the challenge, I myself hoping no more than 2 months duration.
Thanks
MT4 only has hedging mode but the account has to be hedging account otherwise it will use netting.
Alan,
UPDATE ON MY FTMO STRATEGY V4.3
On October 26th I started an 10K FTMO Challenge using Petko’s FTMO V4.3 robots. From October 26th through mide November the lot size for all robots was 0.01 lots. In mid November I determined the 2 top performers to be EURUSD, and EURAUD. I then increased the lot size of these top performers to 0.1 lots. From the chart below you can see that from mid November the account continued to move sideways, then in early December the account drew down by -2% and has now started to rebound.
Next I looked at FXblue to check on the current top performers. I filtered the chart by Net pips. It was necessary to filter by net pips instead of net profit becuase the lot sizes are different. I noticed EURUSD was still the top performer. I also noticed EURAUD moved down to 4th place with a loss of 133 pips. I also noticed GBPAUD has moved into second place with a gain of 40.7 pips. I will not reduce the lot size of EURAUD from 0.1 lots to 0.01 lots. I will continue to keep EURUSD with 0.1 lots with all other robots at 0.01 lots. I will check this account again next weekend to see how this 10K FTMO Challenge is doing.
Alan,
Hello together,
these are my results so far with the FTMO Robot V5:
(always taking the results of the last week as suggested)
BR Luce
Thanks!
Please keep us informed of your results as I think traders would find it of value. It also shows that not all weeks will be profitable, however over time the majority of weeks should show profitability. :o)
Alan,
Hi BR Luce,
One more thing I forgot to suggest. If you are going to eventually open an FTMO Challenge you should also test on the FTMO demo account so you can compare the results between your brokers server results and the FTMO server results. Sometimes I see significant difference when demo testing on one server and live trading on another. I have even experienced different results when demo testing on a broker and then live trading with the same broker using the same EAs.
Alan,
Nicola – How are the results so far for 5.1? It must have been 20 days now. Aer you putting the EA in live account ?
The FTMO demo is good for 14 days. So you could get 2 one week results. Then you can start a new FTMO demo account and repeat.
Alan,
From the results, it shows that running on all 8 gets better gains compared to running on selected top performers for both weeks. This is a bit surprising as we are taught to pick the top 3 or top 1 performers to run the EA.
I am not sure if I am mistaken or missing something here.
Its not always the case. The chart above is only the results of two week testing using only one broker. What you need to base the trading decisions on is many weeks, months, years of testing with many different brokers, then you can determine the best way to trade. Thus the teaching of Petko is based upon years of trading. By choosing the top 1 to 3 EAs will provide the best results over the long term.
Alan,
UPDATE ON MY FTMO STRATEGY V5.0
On October 30th I started a new 10K FTMO Challenge using Petko’s FTMO V5.0 robots. From November 1st until December 6th the account drew down approximately 3%. Since that time the FTMO robots reversed course and started moving upward and is now just slightly about 10K by $32USD. Basically what I have been doing over this one month period I have been testing these robots. Now that the account is starting to trend upwards, I will create an FXblue account so I can easily determine the top performing robots. So here is what I have decided to do. I will now reduce the lot size of all the V5.0 robots to 0.01. I will then create a new MT4 chart. I will install the top performer robot on the new chart, set lot size to 1% risk, and I will create a unique magic number. By doing this I will be able to filter out all the robots to monitor top performers each week, and I will be able to separately filter out the current top performers to see how it is currently performing. I know this may be a little complicated but it allows me to use the same Challenge to do two different things, to continue monitoring the top performers each week and to continue to monitor the current top performer. Hope this makes sense!
The following is an FXblue table showing the performance over the last month. As can be seen XAUUSD and EURAUD have been the top performers. I have doubled the lot size of these two robots and I have reduced all other robots to a lot size of 0.01. This will allow the top two robots to dominate the trading of this FTMO Challenge while allowing me to continue to track the performance of all robots to determine if any of the other robots move into the top performance slots in the weeks to come.
Alan,
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