Prop Firm Robots: General questions

[Emre Karademir]

Do i need to change something when my broker has for Example “GBPAUD_raw” instead of just GBPAUD , im using FTMO Robot v6.0

[Alan Northam]

Hi Emre,

You do not need to change anything in the robots.

Alan,

[Emre Karademir]

ok thx

[Trader 27]

Hi there, I want to backtest EURAUD M15 on mt4, do I need to download any higher time frame data other than M15 history data?

[Alan Northam]

Hi Trader,

To backtest FTMO V6.0 EURAUD on MT4 just select the M15 timeframe.

Alan,

[Hiu Kin Yeung]

Should i get a swing account or a regular account?

Moreover, would i be wise that if i can set my trading size just 0.1% of my account after passing ?

I don’t really want to lose an account, i’ve blown three accounts already by manual trading, i’ve seen people had blown FTMO account with the FTMO bot.

I don’t have much capital left.

[paul4x]

interestingly, if you switch the app to 1 year results then EURAUD comes out on top, monthly tab shows 3 trades and then nothing for a whole week, i downloaded this as part of the top 3.

So question is, what are members testing the best pair by what setting? yearly, month or weekly?

I was thinking of going weekly and downloading the past weeks top performers, the markets change and a top pair last year may not suit current market conditions.

[Alan Northam]

Hi Paul4x,

I downloaded the top 3 weekly robots, medium risk, to my 50K Challenge.  So far today I have USDCAD open with a $250 profit so far today.  The profit so far today doesn’t really mean anything.  What counts is the profit or loss when the trade is closed out, but that is just where the trade stands at this moment.

Alan,

[Sammy Trader]

Top 3 from the last week with medium risk, testing it on a demo of $10k FTMO – 1 trade open- USDCAD – in profit of $54 but trade is not closed yet.  All this week I will see how his Top 3 EA will perform form default settings.

[Sammy Trader]

All your answers are here in Petko’s video – https://www.youtube.com/watch?v=B6SrGqplaF4&list=PLLhtsUCmGnb1facF-5g9esp7yfID6Q4kP&index=1&t=314s

[paul4x]

Hi Alan.

Are you just sticking to the weekly top performers then, are you chopping and changing each week?

[paul4x]

Hi Sammy,

Are you chopping and changing each week and using the top 3 from the previous week or sticking to the same pairs?

[Alan Northam]

Hi hiukiny,

I would recommend using the swing account when using EAs.

Using low risk accounts are a good way to go. It will take longer to pass a Challenge but reduces the potential for losing your account. Same with funded accounts!

Alan,

[Alan Northam]

Hi paul4x,

At the end of the week I will replace the weakest EA if the replacement is a different pair than my top 2 performers.  That is my plan at the moment!

Alan,

[Sammy Trader]

@Paul4x

I would keep changing to the top 3 from last 3 weeks. So, every Sunday afternoon I would look the top performers from last 3 weeks and stop any pending trade, put the newly performers EA and see how it would go- only testing this for prop firm FTMO for next 3 days, if positive signs then use that in the real challenge.

[Author]

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