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Hi Alan,
Thank you for the response. Much appreciated.
Is this number considered normal/average or are we in a relatively slow period right now?
Bence
Hi Bence,
The reason the FTMO V6.0 robots don’t take trades as often as we would like is because the robots contain six indicators that all have to lineup to give a buy or sell signal. So it takes time for all these indicators to align themselves. The theory behind having so many indicators is that if it takes many indicators to line up and give a trade signal then the higher quality of signal it should be. Robots with fewer indicators would obviously take less time for the indicators to line up and give a trade signal. So I would not be disappointed the robots do not take trades as often as we would like, we should be pleased the signals from the FTMO V6.0 robots are providing high quality trades.
I might add that even though these robots provide high quality trades it is still possible for these indicators to close with a loss. Why is this? There are two types of indicators, indicators that provide profitable trades when the market is trending, and then there are those indicators that provide profit when the market is ranging. So there are trending type indicators and there are ranging indicators. Trending indicators will generally end up losing in ranging markets and ranging indicator will generally end up losing when the market is trending. Now beware that every trading day will provide trending periods and ranging periods. This is why we will get profitable trades and losing trades. Further sometimes ranging markets can last for several days or several months. This is why it is beneficial to demo trade as it will help us to understand if the markets are trending on a weekly basis so we can determine if the current market environment will allow our robots to generate profits. So with good quality robots there should be more profitable trades than losing trades which will then provide a profitable account.
Alan,
Hi Alan,
Thanks again for the thorough response. Of course I agree with everything that you said.
The reason I asked is simply because when I watched a recent youtube video in which Petko showcased his last week’s trading results and there were up 9 trades per currency pair. So I was surprised to find only so few trades in my own trading. But of course I understand about trending and ranging markets. I also understand what you mean by having 6 indicators.
My only question is: Is the new V6.0 robots expected to have less trades than the previous versions or was this week a bit slow in fact?
Either way, please don’t take this as a complaint. I am just eager to understand what to expect.
Bence,
Hi Bence,
I haven’t watched Petkos’ video but if the results were from last week and not this week I would expect somewhat different results.
As to whether this week was a slow week or not I cannot answer. I don’t know if you can call it a slow week or not but it could just be that the trending and ranging periods didn’t last long enough for all the indicators to line up during certain periods of this week. Maybe not a slow week but there could have been more trending and ranging periods than the previous week but they didn’t always last long enough for all the indicators to align. Just my thoughts.
Also, no worries. I don’t take your response as a complaint.
I am spending this week testing the robots. I am looking for a top performing robot with at least 3 to 5 closed trades before I will start trading it. It doesn’t look like this will happen this week so I may have to wait a few more days.
Alan,
Hello all – just sharing my best pairs to trade.
For V6.0, my best pair of last week is – AUDCHF and USDCAD (Both at M30 timeframe).
This is for FTMO Trial.
What are your best pairs for last week and which broker?
Hi Sammy,
When did you start the trial. I started testing the FTMO robots on 01/08/2024 on an FTMO Challenge instead of the demo account and my best two pairs are AUDUSD and USDCAD. So I would like to compare the difference between the demo account and the challenge. I find it interesting one of your best pairs is AUDCHF where mine is AUDUSD. Can you also provide the net pips for AUDCHF and USDCAD. Unfortunately as of this last week traders in the US can no longer use the FREE FTMO demo account so I am not able to compare the difference between the demo account and the challenge. Could you also show the results of all the robots for this last week?
Thanks,
AlanHi Traders,
When sharing your FTMO robot results for the week please share the following:
1. prop firm / broker you are using
2. your account size
3. FTMO robots version (v5.0/v6.0/etc)
4. your risk o.o5%, 1.0% or 2.0%.
5. number of trading days
6. your trading resultsThis is necessary so when others are looking at your results and comparing them to their own results they will have a better understanding as to why their results may differ from yours.
Thanks,
AlanHello,
Will the stop loss and take profits automatically be adjusted even if we aren’t using it on a funded account and using it for small account trading?
Thanks
The lot size does not automatically adjust either. I would suggest changing the lot size based upon the risk to your account size you are willing to accept.
Alan,
I´ve been testing the 8 versions of FTMO 6.0 for the last week (Jan 8 to Jan 12 – 5 trading days) with 1% risk on a € 10K FTMO Demo … the results of the closed trades are:
– 5 trades, all negative, two losses of 1% (well in US$ anyway) and three small to very small losses
– 3 open trades
so no EA qualifies to be put on a live account for next week …
I seem to have a very different outcome … I used the 8 EAs for the whole week on a FTMO Demo and got this results:
closed:
– AUDCHF none
– AUDUSD none
– EURAUD none
– EURUSD none
– GBPAUD one loss (1%)
– USDCAD none
– USDCHF two losses (one at 1%)
– XAUUSD two losses (both very small)
open
– same as original poster
I used the news filter … what could have been other differences?
i tested the old startegy by running all 8 bots on an ftmo trial 25k account before V6 came out. I ran the trial from the 26th of Dec till 10th Jan. Here you can see the results. So for that period AUDCHF, EURAUD and USDCHF would have been the 3 to try on a challenge. I shall try version 6 now.
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