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For me it’s the same unfortunately. I have been using the FTMO EA since 2 weeks and so far it’s a constant looser… I am curious if anyone is making here good profits with this EA long-term? I read only about losses and about that refund requests are not beeing answered… So far it doesn’t look good overall.
My 200 k ftmo accaunt – 2% down and 50 k accaunt is 3 % down 0% win rate. so who is responsible for this ?
They say you need to take the Top3- Top5 of the week. But I like a more detailled video about it.
In the weekend I take the Top3 of the previous week. I have a few trades during the next week (last time losing it) but what do you have to do at the end of the week? Closing the open trades? Can you do a trialing stop (to protect your losses and lock your profits)
So much Questions
Also the app is nice. But I also want to see the robots that make losses (not the profitable ones or the breakeaven ones)
Hi Gilles,
You can select the Y1 or Y5 on the FTMO app to view all the robots. Then you can look at the right edge of the charts to see which robots are being profitable and which ones are being losers.
Alan,
Hi Traders,
I know there has been a lot of dissatisfaction with the FTMO app robots lately so I wanted to chime in here. At the beginning of this week I downloaded all 14 robots and installed them in my Infinity Forex Fund Algo Evaluation MT4 terminal. Sorry, I cannot use the FTMO Challenges anymore as in the United States FTMO no longer allows us to use MT4 or MT5. However, before this limitation was imposed upon us US traders I had installed the same FTMO robots on both the FTMO challenge and the IFF Algo Evaluation to compare their performance. The result was they very closely track each other. So based upon this past experiment I feel traders using the FTMO Free demo or Challenges should be able to achieve similar results to what I am getting. I also realize that these 14 robots have only been trading on my account for 2 days and my results are early I wanted to share what I am getting so far. When I installed all 14 robots I changed the lot size on each robot to 0.01 lots so their results would not affect my account balance significantly. Right now I have 3 closed trades. One profitable and two losing. However each of these closed trades where with one closed trade for each of the three robots. I will now continue to trade these 14 robots for the balance of the week and report my results this coming weekend and how I am going to address my trading for next week.
The following link will outline how I trade all my robots. The link was written based upon the FTMO robots v5.1 but the steps I follow is still the same for all robots.
https://community.algotradingspace.com/forums/topic/how-to-trade-the-ftmo-v5-1-robots/#post-219413
Alan,
Hello Fontana, we’ve already sent you a follow-up message on the same day asking you to fill out our refund form. This helps us gather essential details like your order ID and the email associated with the order, enabling us to locate your order in our system and process your refund more swiftly. Your cooperation in completing the form would greatly assist in expediting your request.
Hey Bastien, please fill our refund form to proceed with the refund request. As I explained, this is a standard procedure to help our system find and automatically process your refund request.
Marin @ Customer Support team
Hi there,
Is there anything in particular we need to watch out for when purchasing a challenge from a prop firm. Here is an example from a prop firm EA limitations.
Yes, we allow the use of any risk management EA or Trading Bot as long as they are not used in the following ways:
Martingale
Tick scalping
Reverse arbitrage trading
Latency arbitrage trading
Hedge arbitrage trading
HFT (High Frequency Trading), Grid TradingSo would the FTMO Robot be allowed in the above case ? Not sure how the EA FTMO robot functions to be sure on what to look out for.
thanks in advance
Patrick
I have received the e mail from Trading academy that my money refunded. and where can I take my money ? or it will be sent to my visa card ?
Hi Patrick,
Yes you can use the FTMO robots as they do not trade under any of the conditions you noted above.
Alan,
Hello,
Yes the money is returned to the payment method you used when making the initial order payment. It takes 5-10 business days from the moment we initiate the refund (this is the moment when you received the automatic email from our platform) until the money will be available in your card. In most cases it takes less time but this would depend on the payment processor you’re using.
Kind regards,
Marin @ Customer Support
Hi Guys,
Have you seen the news that most of the propfirm have already stopped offering broker that allowd MT4/5. True Forex Funds have migrated my challened to C-TRade platform and Funded Trading plus has announed that they are stopping MT4 and one can only trade in DXTrade.
I see on FTMO website as well now that they have listed DX and looks as they are going to stop providing broker with MT4/5 platform. I am pretty sure thtat even FTMO will son eventually stop offering brokers with Meta Trader, in fact this is all because MetaQuest is locking down their licenses due to US traders.
I am now on a mission to see if there’s any software which would migrate the MT4 EA to DXTrade, or is there anyway I can copy trade their. Any advice will be helpful.Hi Sammy,
FTMO is no longer allowing traders in the United States to use MT4 or MT5 and have migrated current US traders accounts to DXtrade. I had 5 ongoing Challenges. I asked for a refund and received full refund for all five of my challenges.
Also, TradersConnect is working on an app to allow copy trading from MT4 or MT5 to DXtrader and should be available in a few weeks.
Alan,
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