Forum Replies Created
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Alan Northam
ParticipantHi Mustafa,
Can you provide a complete screenshot of the MetaTrader screen along with the robots properties box to start with so I can see what is going on?
Alan,
Alan Northam
ParticipantThere are not any set files for FTMO V6.0 robots. If you download the 10K robots the robot parameters already have the correct settings for a 10K account.
Alan,
Alan Northam
ParticipantHi Sammy,
I am testing on an FTMO Challenge so I am using small lot size so any robots that are losing will not cause the account to draw down significantly. By testing on the FTMO Challenge I am avoiding the FREE FTMO demo account 14 day limit. It is my choice to test this way.
Alan,
January 17, 2024 at 12:40 pm in reply to: Prop Firm Robots App & v6.0 – New Features Released! #227440Alan Northam
ParticipantHi dear,
I see you downloaded the 10K robot files but your account size is 5K. Did you change the robot properties so the robots will work with a 5K account? If not let me know and I will calculate the changes you need to make.
Alan,
January 17, 2024 at 7:06 am in reply to: Prop Firm Robots App & v6.0 – New Features Released! #227342Alan Northam
ParticipantHi Gaurav,
The reason you are not getting trades is the hat in the upper right corner of the chart is not blue. You need to remove the robot then press the Algo Trade button in tool bar to activate auto trading then reinstall the robot. The hat should now be blue. Do this for each robot.
Alan,
Alan Northam
ParticipantOver the last 5 trading days I have 2 profitable trades for USDCAD and 2 profitable trades for XAUUSD for FTMO V6.0 robots . The profits are small as the lot sizes are 0.01. I am just testing the robots. I am looking for a robot with 3 profitable trades to confirm the trend is profitable. Then I will adjust the lot size for medium risk.
Alan,
Alan Northam
Participantto unsubscribe contact [email protected]
Alan Northam
ParticipantHi Julio,
All brokers in the US have to obey the FIFO rule.
Alan,
January 16, 2024 at 2:48 pm in reply to: Prop Firm Robots App & v6.0 – New Features Released! #227213Alan Northam
ParticipantHi Nicholas,
The FTMO app shows the results of backtesting using EA Studio so you do not have to do the backtesting yourself. Petko is working on an updated version of the FTMo app to show backtesting results over 1Y, 1M, 1W, and 1D which I think is suppose to be available next month. As far as I understand it will still be up to each trader to look at the backtest results and decide which robots to trade.
As to what to do: I have been demo testing since 01/08/2024 and have not yet found a top performer to trade.
Alan,
Alan Northam
ParticipantHi Denis,
If you are using MT4 then you need to make sure the Auto Trade button in the tool bar is pressed before installing the robots.
If you are using MT5 then you need to make sure the Algo Trade button in the tool bar is pressed before installing the robots.
Alan,
Alan Northam
ParticipantHi Gaurav,
The problem is your account size does not match the account size you have chosen for the FTMO V6.0 robots. To get the robots working you will need to make these changes to your robots:
Make the following changes to all the robots:
Maximum daily loss (currency) = 299
Minimum equity (currency) = 4550
Maximum equity (currency) = 5505Also each of the following robots need to have these changes made to the Entry lots which will limit your account risk to 0.5% or low risk:
AUDCHF Entry lot = 0.04
EURUSD Entry lot = 0.05
AUDUSD Entry lot = 0.05
EURAUD Entry lot = 0.07
GBPAUD Entry lot = 0.07
USDCAD Entry lot = 0.07
USDCHF Entry lot = 0.05
XAUUSD Entry lot = 0.01 (0.01 Entry lot is the smallest lot size you can use. Unfortunately the risk to the account is 1% instead of 0.5%. So it is your choice if you want to trade this robot.)Alan,
Alan Northam
ParticipantI guess I don’t understand what your problem is. How do you know the smoothing is not working?
January 16, 2024 at 12:12 pm in reply to: Prop Firm Robots App & v6.0 – New Features Released! #227177Alan Northam
ParticipantHi Sergio,
You need to change all the FTMO V6.0 robots perameters as follows for your account size of $70,000:
Maximum daily loss (currency) = 3450
Minimum equity (currency) = 63050
Maximum equity (currency) = 77025Also each robots lot size need to be changed as shown below to adjust the account risk to low risk:
AUDCHF Entry Lots = 0.6
EURUSD Entry Lots = 0.7
AUDUSD Entry Lots = 0.7
EURAUD Entry Lots = 1.05
GBPAUD Entry Lots = 1.05
USDCAD Entry Lots = 0.94
USDCHF Entry Lots = 0.6
XAUUSD Entry Lots = 0.07Alan,
Alan Northam
ParticipantHi Fabian,
Indicators do not show up with MT4 only on MT5.
Alan,
Alan Northam
ParticipantHi Fabian,
Oh OK, that is plenty of historical data. All I had to go on was the historical data you showed on your first chart. Why do you not have the robot installed on the chart? Can you install the robot and then do a screenshot of its properties?
I may be away from the computer for the rest of the day. I will get back to you asap!
Alan,
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