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Hi,
can check if using the top 5 weekly will get positive result ? cause after 1 weeks I still in the negative -2.5% ?
Or should I switch to top 3 weekly instead?I can’t say about the top 5 but the Top 3 Has been working for me, however last few weeks have been flat-ish (See Image) Hovering between 12,652 – 13,185
But this seems to be more to do with the market Phase as My other EA’s are underperforming too.
Hello everyone on the forum. I am using the prop firm FXIFY. I started a $100k challenge with FTMO prop firm bots. So far, I am at -2.5%. I am using the 5 best bots on a monthly frame. After 2 weeks, I left 3 bots that were profitable. Is this approach correct? Is there any documentation with a description of how to use these bots? (I’ve already watched the video)
Hey Konrad,
Actually, the best approach is to first test on a demo and when you are comfortable enough, you can just go ahead and trade them on a challenge.
What we are basically doing also is that we check in the app to see if there is any more profitable robot than the ones we are trading currently. For example, let’s say that we have a USDJPY EA but on the first robots in the App, we see a different or one of the same pair but with different magic number, we just change the robot that is trading with the one that is on the top 3 or 5.
Hope this helps!
Let me know if you have any questions!
Kind Regards,
NikosHi Friends , on FtMO here not allowed to use the same signal from different traders , how i can use it when a lot trader use the same robot . ore how can i be sure that i not cach wit them
my Email adress: [email protected]
Thanks for answer
Best regards
Hey Sascha,
So, I would say to try and use a different prop firm instead of FTMO.
Kind Regards,
NikosHi can check for the infinity challenge I notice cannot use crypto so for the top 5 robot approach should I just ignore the crypto bot or I just include top 5 non crypto ea instead ?
Hey Ron,
Indeed Infinity does not offer crypto assets so you cannot set the crypto EAs. You just need to ignore it and just get the next one if it is a metals or forex pair.
Kind Regards,
NikosSorry, can check the bot keep losing day by day, how should I handle it else I might lose the challenge, should I hold but when I will know when to resume the same approach ?
Hi
Appreciate your help.
Question: I set the Prop Robot Parameters page/settings to $100,000 10% Max Loss, 5% Daily Draw Down, and 10% Target.
It’s showing me 19 Bots…. If I run 3 or 5 of them, do I have to add together the Draw-Down percentage for all 3 or 5, in order to make sure I stay under the 10% and 5% draw downs???
Also, separate question…. how often are these updated, and how can we know if 1), it is a “New” Bot posted, or if 2) it’s an update to an existing Bot???
Hello scatrading,
If you set the Max Loss, daily drawdown and profit target through the App, it will be the same settings in these inputs for all robots you choose to download.
I believe even if you set the same inputs to all robots, they will work fine. At least this is what we have been doing and it has been working fine for us!
You might see every day the profitable robots changing.
Hope I answered your questions!
Kind Regards,
NikosTo further add to what Nikos said, the major thing you need to keep in mind is that the settings you can configure apply for every single EA. That being said, if you set the risk settings to high (2% per trade) and trade with 3 EAs at the same time, and they go on a loss, this would lead to 3*2%=6% loss of your account balance which eventually will lead to the challenge being lost due to drawdown. So keep in mind this when trading with multiple EAs.
For the second question, over the weekend the app uploads new strategies if if finds more profitable EAs than the current. So you might expect to see new EAs after the weekend. The stats in the app are auto updated every 30 minutes and at any time you can see which are the top performing EAs with the current market conditions.
Newbie Questions: A) Can I Manually Close B) Can I adjust the Stop Loss, C) Do these Prop Firm Robots use Trailing Stops….
A) Can I Manually Close… will the Bot keep running “normally” from there, looking for the next trading opportunity
B) Can I adjust the Stop Loss? will the Bot keep running “normally” from there, or does adjusting the Stop-Loss setting affect the operation of the Bot and when it will close the Open Trade, etc….
C) Do these Prop Firm Robots use Trailing Stops….If not why, if not, is it an option to turn on?
Dear traders,
We want to inform you that the challenges and funded accounts that had displayed on following tables:
https://platform.algotradingspace.com/funded-accounts/
Are not going to be visible for now.
The reason is that the Prop Firms that were using Eightcap as their broker are now moving from Metatrader to other platforms as Eightcap has stopped working with them.
We are sorry for the inconvenience.
Kind Regards,
Nikos
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