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Hi Tanyeem,
No I do not interfere with the trades.
The last few weeks has not been very profitable, but the profits will come!
Alan,
Okay then i will do that too but once the account is back to 1 percent do you dial down the risk or still it is 2 percent
Follow Petko! I am just sharing how I scale up. Petko uses his own scaling plan and it works for him. Since these are Petko’s robots then I would suggest you follow his plan. Petko’s plan is based upon individual currency pairs where mine spreads the risk upon all traded pairs. My plan is less risky but will take longer to hit the price target to complete the challenge where Petko’s plan should hit the price target sooner.
Alan,
Alan, here’s another puzzling occurrence. This sell position was opened as per normal with a 50 pip stop loss and 100 pip TP. The NFP news just came out and were in our favour for us to maximise profit. The position closed too soon. It seems that the TP was moved to around 12 pips. I only made a profit of $120. The market is still moving as we speak in our favour so I’m missing out on profit. Why would the position have closed way before 100 pips? I’m very disappointed.
so quick update for this week, even though my trial finished with FTMO on monday, i left the bots running.
no trades on GBPAUD or EURAUD, and nothing on USDCAD, however on the app it shows 6 trades but i also see the timeframe has changed from M30 to M5
Good afternoon,
I’ve already purchased the FTMO robot, and I’d like to prove it on a real account but before that, I would like to make sure I don’t breach any rule of the prop firms. So, I’ve seen that many of the prop firms allows the use of EA but, they add that the EA has to be “unique” and not of third parties, so, how can I do to make sure I don’t break that rule using the FTMO EA robot?
Thank you in advance!
Jose Luis
If I use the FTMO Robot, could FTMO (or another prop firm) deny my account?
FTMO says: “They also need to keep in mind that if they use a third-party EA, there may already be other traders using the same EA and, therefore, the exact same strategy. By using a third-party EA, traders run the risk of being denied an FTMO Account because they exceed the maximum capital allocation rule.”
If yes, what can I do? Any recommendations?
Reference: https://ftmo.com/en/what-to-look-out-for-when-choosing-an-expert-advisor/
It’s nice and great to build robots to passing the challenges, but the real money is made with funded accounts. How can we use the app for robots to use on funded accounts? All that needs to be done is to disable to the Balance target for a challenge account.
Hi Willard,
Yes just set “Max Equity (currency)” to zero to disable it and double check all other settings are correct for your account size and agrees with the Daily Loss and Max Loss of the funded account.
Alan,
Willard are you funded already, or are you in the process? If yes, can you talk about your experience with the FTMO Robot?
Hi Jotaele1,
According to Petko all you need to do is to make the magic number different. Also, I have learned from the FTMO. com support the third party rule does not apply when taking a Challenge or Verification. The only time the third rule applies is with funded accounts.
Alan,
Thank you for your response. I’ve also heard that, and that’s the reason why I ask this, because I’d like to use the ftmo robot once I pass the challenge.
Is there another thing I should change to not get banned from the third rule?
Thank you in advance,
Jose Luis
Hi Guys
I about to start my FX2 $10000 challenge. My main concern is the draw downs and meeting this challenge.
FX2
$10,000
Profit Target
$1,000
Daily Loss Max
4%
Trailing Drawdown*
6%Q) Will the $10,000 FTMO app set file meet this challenge?
Q) What is a Trailing drawdown?
Thanks for the advice in advance.
