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Yes, if you have the option to select currency pairs in the symbols list that does not have the ecn suffix that is great!
Alan,
In my opinion both of your strategies is dangerous. The scale up one is dangerous if you don’t monitor it all the time if consecutive loss happened, it will violate 5% daily limit. The three top performers EA will be dangerous too, your DD is close to 5%, and it’s just lucky not violate it.
Hey Joko,
I appreciate your feedback!
True, but one should not use the scaling-up method if one can’t monitor the trades. I decided to use the scaling-up system only when I am around the monitor.
About the second one, it depends on your risk tolerance. It’s not luck. I’ve done plenty of tests with the EAs and the lot size to calculate that the chances of passing the challenge and not violating the rules are huge. If that ”risk” is too much for one one, it’s just a matter of lowering the lots.
Hello all,
I just purchased the FTMO robot and I would like to know if the EA will work on 1:50 and 1:100 margin.
thanks!
Hi guys,
Could you please advise if there is a solution to receive email notifications for all the trades in my account?
I have already set up SMTP notifications in the MT4 terminal. The issue is that MT4’s alerts only allow for price level notifications. I would like to receive notifications for all trade activities occurring in the account. Do you have any script or EA that can be added to MT4 to generate such alerts to be sent via the standard SMTP function?
Kind wishes,
Michael
EAtradingacademy does not have any such scripts to do what you are wanting to do. What you can do however is set up an account with FXblue.com where you will be able to monitor all your trades.
Alan,
Hello!
Thank you for all that you guys do.
I have 3 questions.
1. If I am closely following EURUSD and have decided to use it for an evaluation, how do you decide when is the best moment to begin using the scaling plan? After seeing 1, 2 or 3 red trades or is it based on a different criteria?
2. I would like to ask if soon there will be a way to create a script to automatically trade with the same number of lots if the current trade is a loser, but if the current trade is a winner, to automatically add “X” number of lots before placing the next trade.
3. I am considering purchasing the TOP 10 Forex robots and would like to confirm if they are all a 1:2 loss/win ratio to use the scaling plan to pass a challenge.
Thank you,
Ling
answer 1: This is explained in the cheat sheet you can download from the FTMO course, However, I will explain how I would use the scaling plan for a 10K account. When I would start the challenge I would start with a lot size of 9.3 lots. Once I have $300 profit I would increase the lot size to 0.9 so that the next time the EA entered a trade it would trade with a lot size of 0.9 lots. Then once the account reached a profit of $900 I could increase the lot size to 2.7 lots. The idea about how much to scale up is so that if the EA hit the SL the account would be reduced to would not exceed the daily amount of 5%.
answer 2: This IS done by how you set up the first 4 lines in the FTMO EA properties.
answer 3: The TOP 10 Forex robots do not adhere to the 1:2 loss/win ratio.
Alan,
Dear Petko,
In one of your account you use Forexpropfirm and its leverage is 1:30. In your opinion for the one shoot/entry not martingle, is it always enough?
Hi so i just purchased the Bot and is trying to load it on my MT5. Normally I would just drop the files in the
\MQL5\Experts\Advisors and hit refresh. But this one seems to be not working for me. Am ! doing something wrong because the EA is not showing on my Experts list and also the file extension is .mq5 vs .ex5
please clarify. or please send me an instructions on how to load this EA. Thanks
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