Top 10 Robots App vs Prop Firm Robots App

[Marin Stoyanov]

Hey Boyan,

Sorry for the late reply.

Actually yea, the risk is now higher than 1%.

Kind Regards,
Nikos

[Markus Broschwitz]

Hi

My question is, for which broker are the both (Prop Firm and TOP10 EA Forex) EAs created and supposed to use?

Also, I am wondering, why the Sets for the EURJPY pair from the TOP 10 ROBOT APP

https://platform.algotradingspace.com/premium-robots/top-10-robots-app/

are not the same (by magic no.) like in the last video shown with live results:

 

 

best wishes

Markus

[Alan Northam]

Hi Markus,

The robots are created using blackbull historical data.  However, you don’t need to just use the blackbull broker as you can also use other brokers / prop firms.  Recently one of our traders picked the top 5 robots, placed them on an Infinity Forex Fund challenge, and got funded within a few months.

I, on the other hand, use a different approach.  When I use robots with a different broker / prop firm I forward test them with a small lot size like 0.01 for a week or two.  I then select the best performing robot to trade with a normal lot size.

As to the magic numbers not being the same.  When the robots are updated with EA Studio they will automatically be given a new magic number.

Alan,

[Markus Broschwitz]

I understand now, why the sets disappear from the App list whit time.
Now, I check the list on fxblue (closed trades) with them in the App. And they don’t fit. Do you understand, why it´s so?
https://www.fxblue.com/users/top3eurjpy200live

 

for example:
buy trade on 14th May was a WIN in FXBlue
Magic No.:1617499069

and there was no Win trade in the App on 14th May

next on:

Buy, 16th May with Magic No 750594215

on the App, there was no win trade

Thank you in advance for your answer, it`s very appreaciated.

Best wishes
Markus

[Alan Northam]

Hi Markus,

Different broker, different results!

Alan,

[paul4x]

cam i ask why as a paid member for the prop firm robots that we are not given the same service as the top 10 robots app subscribers are given? on the top 10 they have a winners section and a latest trade section, wheras prop firm robots have neither of these extra options.

Why is that?

[Marin Stoyanov]

Hello Paul4x, let me explain this.

Although they look similar, these are 2 different webapps that suite different needs.

The robots in the Prop Firm Robots App are fewer compared to the prop firm robots app and currently there is no point to have the Winners and Latest sections in this app. If there is a new strategy added it will replace one of the existing worst performing strategies. The number of strategies is much smaller and it’s easier to see when the strategy was added and updated in a single screen. On the other hand, this app has build-in settings for challenge targets, protections and etc. which are not present in the other app.

The Top 10 Robots App works differently. Currently there are 100 strategies in total in the app. New strategies are being added every weekend and some of the existing once which are not perfuming well are being dropped. This makes it very difficult to see  when a new strategy is added and also to arrange the strategies by different criteria, as in the app each pair has it’s own view.

We’re working on exciting updates in the Prop Firm Robots app that will be released in the next 1-2 weeks. We will post an update in the relevant forum and send emails to the users who have the app so you will receive a notification once this happens.

Regards,

Marin @ Customer Support

[Marin Stoyanov]

hi Marin.

Is it ok to use Prop firm EAs on my 10K live account, if i cannot afford to get the top 10 app yet. This can get me going in the meantime.

If so, which settings would i have to adjust.

Regards,

Tsholo

 

 

 

[Marin Stoyanov]

Hi Tsholo, practically you can, as long as you’re using the appropriate EAs for your account, but you might face several challenges with the live account.

First, if you plan to use the EAs from the Prop Firm Robots app on a live account, you need to download the EAs for the appropriate account size, e.g. if you’re planning to use them on a $10k live account, then you would need to download EAs for $10k challenge.

Another thing is that the EAs from the Prop Firm Robots app come with several protections that you preset prior to downloading the EAs. Those reflect most prop firm challenges requirements. You can modify them after downloading the EAs. Those are the Daily Protections and Account Protections. While these are good when participating in prop challenges, they might limit the trading in the live account. On the other hand, they can help to protect the account from huge losses in case market goes downside. So it’s a personal choice if you’re going to change them or not.

Another difference is that each individual EA in the Top 10 App by default is preset to 0.1 lots per trade. In the Prop Firm Robots app the each EA has its own individual lots, and the lot size differs from the risk settings – low (0.5% of the account per EA), medium  (1% per trade per EA) or high (2% per trade per EA).

Always start with a demo account with the same size you plan to have on the live account and test different setups to see what works for you and if you’re satisfied.

[Marin Stoyanov]

Thank you Marin for a great response.

just as a follow up, if i trade a $10K account, with the applicable EAs from the prop firm app, on moderate risk, what would be the advisable settings for entry lots, maximum daily loss, maximum daily drawdown, minimum equity and maximum equity

Regards,

[Marin Stoyanov]

It’s a personal choice how much you will be risking. As I mentioned above, by default the EAs from the Prop Firm Robots app come with a pre-set lot based on the settings you choose. The lot is different for each pair and for each strategy. We don’t use the Prop Firm Robots on live accounts and we don’t have insights on this. On our live accounts we use EAs from the Top 10 Robots app.

[Marin Stoyanov]

Ok, thank you.

[Marin Stoyanov]

The top 10 Prop Firm EA have safety measures built in in hopes to prevent you from failing the challenges due to daily or total draw down?  Do the top 10 EA’s have any safety measures built into them?  If you are running the top three EA’s at once on the challenge, do you need to reduce the safety messures to a 3rd on each or do the EA’s somehow work together to see total drawdown between all three?

When it comes to all the Top 10 EA’s access do you have an annual subscription available?  Id prefer to do an annual subscription rather than a lifetime.

Thank you,

[[email protected]]

If i get the course , i get also the EA related to the funded accounts and does these robots ensure passing the challenge?

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