Prop Firm Robots: General questions

[Alan Northam]

Hi Kevwefreeborn,

With two open trades for the same pair suggest to me there are two instances of MetaTrader trading the same Expert Advisors.  The reason why only one trade is closed in this case is because the Expert Advisor looked for the magic number of the open trade and closed it.  The Expert Advisor thinks it did it job because it only opens one trade at a time and therefore does not look to close a second position with the same magic number.

Alan,

[JESUS GUIZA]

Hi,

How can I do to make unique trades with the ftmo robots, in order to not have any problem with the prop firm due to using same strategies as other traders?

[Leonardos Louloudis]

Hello there,

When to FTMO EA opens trades do I close them manually,or I have to wait until they hit the stop loss or take profit?

Today I had 7 trades open;5 were in profit.I closed the 5 .Then the EA opened another 2 trades also in profit but when I closed them my balance was down and had a loss of 1.19

I am a confused. Can somebody help me?

 

Thank you and look forward.

 

 

[Alan Northam]

Hi Jesus,

According to Petko all you need to do is to make the magic numbers different. However, there is no problem with the strategies being the same during the Challenge and Verification stages according to FTMO support. Where the problem come is when you are funded. Once funded you need to make the magic numbers different.

Alan,

[Alan Northam]

Hi Leonardos,

When did you close the trades?  If you closed the trades when the spread is very large the cost of the spread can wipe out profits.

Alan,

[Leonardos Louloudis]

Hi Alan,

Thank you for your reply.

I closed the trades around the end of the NY session. Morning hours New Zealand time.

So you recommend I should leave these EAs running without touching them at all?Or better to close the profitable trades during London session when the spreads are very low?

What do you think?What do you recommend?

I really appreciate your help and look forward to your reply.

 

[Alan Northam]

Hi Leonardos,

Yes, during the end of the NY session the spreads are very high so this is the reason you didn’t have any profit.  Personally, I do not manually close trades I let the robots decide when it is best to close trades.

Alan,

[Tanyeem gazi]

So last weeks best pairs were usdcad audusd and euraud, and i was doing the single pair on the bot and i gave usdcad and euraud on my different accounts,usdcad lost so did euraud i didn’t manually do anything as it is an automated system.And so the thing is that for the next week if my account stays in drawdown i switch pairs again right by seeing what are the best performers this week

[Alan Northam]

That is what I am going to do!

Alan,

[Leonardos Louloudis]

Thank you Alan.

From now on I will do the same.

[Tanyeem gazi]

last weeks best pairs were euraud usdcad and audusd

[Tanyeem gazi]

and so i used euraud as my single pair and on one account ran two best pairs one is usdcad and euraud and another account i ran three of the robots of the three pairs euraud usdcad and audusd and all of them are in a loss of 1% so for the next week i again choose the best pairs right? and another question that is when i’m scaling if i loose the first trade to be a 3 percent do i keep running it on 3 percent so that it makes back 3 percent and profit or i scale it down i didn’t see petko scaling down on loosing trades

[fabber tender]

First day… -2%
at Moment I’m in drawdown….

😂😂😂

[Tanyeem gazi]

Also do you manually interfere with the trades i see petko doesn’t but does he?

[Alan Northam]

Hi Tanyeem,

What I do is wait until I have 3% profit.  Then I will increase risk by 1%  so that I now have a total of 2% risk to my account.  This way if my account draws down the trade will be closed leaving me with 1% profit in my account.  Then I will start over with a 1% risk.

Alan,

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