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Hi,
the predefined set files are in USD.
If my FTMO Account is in EUR, which parameters should I change and how?
If you leave the setfile values as is your risk and profits will be about 10% less when the currency is in EUR. If you want to change it just increase the lot size by 10%.
Alan,
Thanks Alan.
Should I change some other settings?
The EA is still not running and keeps getting removed from the chart.
I’ve loaded the 200k settings file (balance on the MT4 account is 160k €)
Hi Tyler,
Your account has lost 20%, or 40,000 EUR, of its equity and is now at the same dollar level as the Minimum Equity in the EA Properties dialog box. So to protect your account from further loss the EA is removed from the chart so it can no longer place losing trades. To allow your account to start placing trades again you will need to change the Minimum Equity from 160000 to a smaller amount.
Alan,
Hey everyone,
New member here, been reading tge forums extensively, one question I have so far, is there a thread of people who have successfully passed a challenge with these bots apart from the creator? I haven’t seen a lot of success posts?
I’ve passed FTMO with earlier version but I adjusted the strategy slightly so it worked for me. Using latest version on my 2 funded accounts now and it’s doing well
<p style=”text-align: left;”>Certainly not the eurusd anyway this week, 500 loss so far in just 2 days on test account, gold at 250 loss and gbpaud up 250 so far. But demo account down 500 in total over 2 days</p>
Hello,
when i update the EA from V5.0 to 5.1 on my MetaTrader, is it possible to remain the open positions?
BR Luce
Yes the open positions can remain open after updating from the FTMO v5.0 robots to the FTMO v5.1 robots.
Alan,
Hello,
I have bought the FTMO robot today and after completing the course.
I have been given the video ‘FTMO Complete Guide’ – Youtube link https://www.youtube.com/watch?v=B6SrGqplaF4
In this video, Petko is selecting FTMO Swing Account for a $200k acc which comes with leverage 1:30 and one can hold position overnight and trade on news.
Is this is good practice to select FTMO Swing account and not a Regular account?
If a regular is recommended then do I have close all position manually on Friday night and stop the Robot?
Hi Sammy,
With the FTMO account you cannot trade during the news or hold positions over the weekend. The advantage is the leverage is 100:1. The FTMO account is good for manual trading but not good for trading EAs.
With the FTMO swing account you can trade during the news and you can hold positions over the weekend. The disadvantage is the leverage is 30:1. This account is good for trading with EAs and the leverage of 30:1 is plenty.
If you use the FTMO account and trade with EAs you will have to manually close all trades during the news events. This will be difficult to keep up with as there are a lot of news events each month. I would not recommend this approach.
Alan,
Hi Luce,
You need to load the setfiles for v5.1 and don’t trade more than 3 EAs to limit account risk to 3%.
Alan,
UPDATE ON MY FTMO STRATEGY V4.3
The chart below shows the FTMO 10K Challenge balance line of FTMO V4.3 robots from mid December to the end of December 2023. The chart shows a loss of 0.33% over this period. The top performer remains EURUSD. One week ago I increased the lot size from 0.1 to 0.33 lots to represent an account risk of 1%. I really didn’t expect much progress to be made over this two week Christmas holiday period. Further, there may not be much progress made over the next week which represents the New Years holiday period. Hopefully I will see some positive progress made in this Challenge during the last half of January 2024.
The question may be asked as to why am I still using FTMO V4.3 in an FTMO Challenge. What I am showing is two fold: 1. That the FTMO Challenge can be held over a long term without failing the challenge using proper risk management, 2. That the FTMO robots can be used over the long term and still be profitable.
Alan,
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