Prop Firm Robots: General questions

[Alan Northam]

Hi erlas,

The most often used method is to select W1. Also do not forget to select Account size, Max loss, Max daily loss, Profit target, risk, and news filter option. Next select the robot you want to download. Finally select MT4 or MT5 to download.

Alan,

[erlas]

Hi Alan, thank you for reply on Sunday

Is thats means every time I want to use another pair for trading because this pair is performing better now  I have to download again ea?

And if I want to use same ea same pair same time frame after lets say one month I have to download it again and I will receive a slightly different settings? I’m right?

Thanks again

[Gavin P]

Thanks Alan, much appreciated!

[Konstantinos Borsis]

Do we need to allow for the indicators to show on screen for the EA to take trades or this is not affecting trading?

I have added 3 top performers from the app for the last 2 days have not opened any trades yet. Please advise.

[paul4x]

Hi,
I selected a robot i wish to try on my MT5 terminal, i have dowloaded the bot, but how do i then install onto the MT5 chart? when i click on it, it just opens up into meta editor.

I want to download and then add onto a chart, is there a video on how to do this?

[Konstantinos Borsis]

After downloading the mql file and opening it in the Metaeditor, you would need to compile it for the EA file to be created. This will add the corresponding EA file right above the mql file in the same folder/location you have your mql file at. You can then transfer/copy-paste the newly created EA file to your MT5 terminal data folder -> mql5 -> experts.

After that close the window and then refresh the experts list in your MT5 by right click in the navigator experts list tab then click refresh. This will bring the new EA in the list ready for you to add to the corresponding chart. I hope this helps.

[Richard Lawrie]

Good day EA Trading academy members

Been a great couple of days with the FTMO Robot’s…

Trusting that it will continue.

Anyone else been making some good profits.
I have setup a nice portfolio and I am hoping it will pay off.
I will leave the robots to run now and see what happens.

[Richard Claase]

Hello,

Question, I am running a 100K prop challenge
I will check the weekend for the top 5 weekly performers and will put them on the charts for the upcoming week. But do I have to edit anything else to the EA itself or does it calculate automatically? For example the lotsize. My DD may not exceed 4%, when I check for example the EA for EURAUD, the entry lot is 5.77? Seems a high entry lot or not?

Looking forward to your reply,

Thank you in advance,

Regards, Richard

[Konstantinos Borsis]

Hi Richard, i believe the lot size is calculated based on the account size and risk mode/percent selected in combination with the SL/TP for each optimisation version. If your target is 10% (10.000) then a trade of 1000-2000 range could make sense as it would ideally take 5-10 win trades in a row to hit your target. However, it might be wise to half the lot even if takes longer as this could mitigate any high losses as well if things go the other way.

[Richard Claase]

Hi, thank you for your feedback. Maybe that will be a good decision. Do you use the top 3 or top 5 EA’s on a challenge?

 

 

[Konstantinos Borsis]

i usually check Y5 to D1 for top performers and only pick 1-3 max with the lowest DD. I am now trying to figure out adjusting max spread and entry schedule for extra protection, even beyond the news filter which i set for high only and for 5mins before 5 mins after.

[Alan Northam]

Hi Richard,

In the Prop Firm Robot app you need to select the account size, the Max daily DD, the Max DD, the risk, and the Profit target. When you download the robots these limits are built into the robots. If you select a risk of 1%, when you download the robots each robot will have a risk of 1%. The 1% means you are risking a DD of 1% for each robot. So if you are trading 5 robots then your total account risk is 5%. Since your DD limit is 4% then you either need to trade fewer robots or you need to adjust the lot size on each robot. Since your account has a max DD of 4% it might be a good strategy to limit your total account risk to 3%. So it you just reduce the lot size of each robot to half their value you would have a max account risk of 2.5% not far from 3%. You could start there!

Alan,

[Richard Claase]

Hi Alan,

Thank you for your reply. I will select 3 of the Mid Risk 1% EA’s, I think this will be safe.

One more question that I don’t understand;
I selected last Friday the Weekly topperformer AUDCHF M30 v6.1 #1460069807. (2%risk)
It placed a trade last Monday with a loss of -1905.37 USD, when I check the W1 at the Propfim App now, I see that it made a 1 trade, with a profit of $3004 with only a DD of 0.44%. Can you please clarify?

AUDCHF M30 v6.1 #1460069807
Added 4 months ago, Updated 13 minutes ago
Profit
$3,004

Profit factor
3004
Drawdown
0.44%
Count of trades

1

[Alan Northam]

Hi Richard,

The Prop Firm robot app uses BlackBull historical data to test the robots.  So the performance you see on the app is based upon using the BlackBull historical data.  If you use a prop firm that uses a different broker the results will be different.

Alan,

[melih koekyildirim]

I am interested in buying your propfirm ea as I am currently using the Forex Gold Investor and have failed 2 propfirms ….
how does your offer work i did not understand it i see different statistics

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