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Hi Traders,
On February 18, 2024 I downloaded all 14 of the FTMO app robots to my Infinity Forex Funds 100K Algo Evaluation account. I then reduced the lot size to 0.01 so I could monitor for one week how these robots would perform with a different prop firm other than FTMO. The following chart shows the results of that one week evaluation. I chose GBPAUD to trade the next week with normal lot size for a low risk account as determined by the FTMO app because it showed profit for the week and was the top performer. I also chose XAUUSD to trade the next week with a low risk account lot size even though it showed a small loss. My reason for including this robot to trade next week was because is had one winning trade and ONLY had one losing trade for the week and was also the second top performer. Since XAUUSD had one winning trade for the week I decided so trade it the following week as there was a good chance it could have a winning trade next week. If XAUUSD would have had two losing trades for the week I would not have made the decision to trade it the following week. Anyway, these are the types of decisions a trader must make.
The following chart shows the trade results for the following week, the week of February 25th. The results show XAUUSD with a nice profit for the week but also shows GBPAUD had no trades for the week. XAUUSD had 7 trades with 5 winning trades for a 2.5 to 1 ratio and also had a profit factor of 16.23 to 1. I also notice USDCAD came in second place this week with a winning trade. This tells me the current market environment is good for this robot so I will add it to my list of trading robots with a normal lot size for the low account risk robot I downloaded. My list of three trading robots now include XAUUSD, GBPAUD, and USDCAD.
My next update will be during the weekend of March 9.
Alan,
Hi all,
I was wondering what is the best tactic to pass a FTMO challenge. Should I pick the top 3 of the week, month or year? What do you guys do?
Please let me know!
Hi Traders,
Week of March 3, 2024 through March 9, 2024. The following are the third week results of trading the Prop Firm Robots on my Infinity Forex Fund (IFF) 100K Algo Evaluation account. The first week was used for testing all 14 robots with the IFF server. The second week was actually the first week of trading.
XAUUSD: XAUUSD has posted profits now for two weeks. I will continue trading this robot next week.
USDCAD: USDCAD posted a small profit a week ago and was added to my list of trading robots. However, this last week USDCAD posted two losses for a total loss of $555.16. So why did this robot show a profit a week ago and two losses this past week. The answer is volatility. This last week the market was extremely volatile due to the US News Events concluding with the Non-Farm Payroll news event on Friday. Since normally the weekly volatility is not as volatile I will continue to trade this robot next week.
EURUSD: This last week was the first week EURUSD placed trades since I started trading the Prop Firm Robots on my Infinity Forex Fund 100K Algo Evaluation account. The reason the profit was so small this last week is because I have been testing it on the Infinity Forex Fund server with a small lot size of 0.01. I will now reload this robot onto My MT4 EURUSD chart so this robot can trade this next week with the proper lot size for a 1% risk to my account.ROBOTS TRADING NEXT WEEK: XAUUSD, EURUSD, USDCAD
TOTAL ACCOUNT PROFIT: This past week showed a small loss of -$78.97, however, the total profit for this account over the last two weeks since I started trading this account is $411.17. Based upon this I should pass the Evaluation process in about 4 months. What I may decide to do once the account reaches the half way point to hitting the profit target would be to increase risk to reduce the time period to complete the Evaluation stage.
Next update March 16, 2024
Alan
I can only run it on my FTMO account. Is there no way I can run it on my demo and time positions accounts at other brokers?
Hi hsin cheng chen,
You can run the Prop Firm Robots on any prop firm or broker. I am currently running the Prop Firm Robots on my Infinity Forex Firm 100K Algo Evaluation account.
https://community.algotradingspace.com/forums/topic/recommended-forex-pairs/#post-239251
Alan,
How should I set it up? I have no problem running it on my FTMO account, but the same method cannot run on my other brokers. The result shown in the picture above will appear.
Hi hsin cheng chen,
The reason why it is not working in the picture above is the “Maximum Equity Protection” has been activated. This protection needs to be changed in the robots properties dialog box when installing the robot. If you are using the robot on a brokerage account you can disable this protection by changing the value in the dialog box to zero.
Alan,
Hi hsin cheng chen,
I noticed your demo account balance is $11,000. The following settings would stop your account from trading if it loses 5% in one day, it will also stop your account from trading if it loses a total of 10%, and it will also stop your account from trading if you have a profit of 10%. If you do not want any of these protections then just set them to zero.
Max Daily Loss 539
Minimum Equity 9911
Maximum Equity 12105.5Alan,
A couple of quick questions if I may?
I am using the Prop Firm Robot, I have selected the last 1 month of results. Using it on a $25k account, using the Top 3 with medium risk (1%) and high risk news filter – Is there anything else I need to do? Assuming I just add the 3 pairs and turn on the EA and let it run? Do I need to be closing trades or just simply leave it?
Thanks!
Hi mkfxtim,
Looks like you have everything set up correctly. There is nothing else you need to do except be patient and give the robots time to trade.
Alan,
Thanks Alan,
I thought as much, I really like the premise of the robots, its a great idea and can be used for any account. I am confident from the backtests it will provide a nice monthly profit, my personal target is 5% profit a month, if it can do that or more then we are off to the races long term.
Hello, I just bought the 6 monthly forex robot package, but as soon as I enter the app and want to download an EA, it asks me to log in first, I have logged in 4 times now but the same problem every time
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