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Hi gabiscriba,
When using your own chosen broker the results obtained in a demo account versus a live account should be the same in theory. However, in one case in which I have experience, is that with my Oanda. com account I have found the results from my demo account and my live account were different. It makes me wonder if their demo accounts and their live accounts use the same server with the same historical data which I question. I have asked for clarification but Oanda. com does not answer emails regularly. I have to keep hounding them to get an answer. So far no answer. So it is hard for me to say without any doubt that the results you will get with your brokers demo account will be exactly the same as with their live account. So here is how I decided to proceed with my live Oanda. com live account. I have applied the EAs I wish to trade and have set their lot size to 0.01 lots. I then tested these EAs on my live account. From that testing in my live account I then learned which EAs were the top performers. I then took the top performer and increased its lot size which represented a 1% risk to my account balance. I found this to be the best way to test the EAs. So, it is my opinion if you trade all 8 FTMO robots in your own brokers account by first testing them in the live account you should get favorable results. However, it is also my opinion if you test the EAs in your brokers demo account and then trade them in your brokers live account you may or may not find the top performers from the demo account to be the top performers in the live account it all depends upon whether or not your broker uses the same historical data in both the demo account and the live account. You may try to get an answer concerning this from your broker before proceeding or demo test in the live account. Having said all this it is also my opinion that the majority of traders don’t pay any attention to the fact that the historical data could be different and just go ahead and test in a demo account and them apply the results to live trading. I share my experience to hopefully increase your wisdom concerning trading with various brokers.
Alan,
HI Puns,
I only started testing the 8 FTMO V6.0 robots on 01/08/2024 just two days ago now. As a result EURAUD and EURUSD have not yet opened a trade. I will continue to test the 8 EAs for the balance of the week. I would expect these two EAs will have opened trades by that time.
Alan,
Hi gabiscriba,
The historical data will be different for each broker as there is not a common clearing house where all brokers receive their historical data. As a result, number of trades and the top performing pairs will be different for each broker.
Alan,
Hi Hooman,
Use the following settings:
Maximum daily loss (currency) = 3600
Minimum equity (currency) = 67650
Maximum equity (currency) = 82650Alan,
Hi Bob,
The FTMO V6.0 Expert Advisors were created by EA Studio. In the creation process of EA Studio it looks at the historical data over the last several years and decides which indicator, SL, and TP settings generate the most profit over this time frame. As a result, it is best to just let the EAs run.
Alan,
Hi Smartkary,
On FTMO V6.0 I had one pair open yesterday and three pair open so far today on my FTMO Challenge account.
Alan
MY FTMO V6.0 STRATEGY
I have opened an FTMO 50K Challenge. I have placed all 8 Expert Advisors on MT4 with lot size set to 0.01. I will be testing these EAs for 5 trading days. I will then look at the top profit maker and if it has at least 3 closed trades I will then change the lot size to the recommended lot size for each downloaded EA. I started testing these EAs on Monday 01/08/2024. The following tables provided by FXblue show the results after just one day of testing. I know the results for only one day of trading is limited but I wanted to get my strategy out there so others can see how I am testing and will trade these Expert Advisors.
This table shows 2 closed trades after one day of testing. One EA was profitable EA and one EA had a loss.
This table shows 4 Open trades. The table shows 3 EAs in profit and 1 EA in a losing trade.
Alan,
Hi Melvin,
What I do is put all the EAs in a demo account for one to two weeks. I then pick the best one to trade. Then I repeat this process every week to two.
Alan,
Hi Asisipho,
If you are already getting trades with other robots then everything is setup and working correctly. Therefore, just give it a few more days for the other robots to start taking trades.
Alan,
Hi Melvin,
The data time should be the same time as your Metatrader time. If you are in a different time zone than Metatrader shows you cannot change it to your own local time zone.
Alan,
Hi Byron,
I just went to the course to make sure the downloaded bots were the latest ones. Unfortunately, the download webpage was blank so there were no bots for me to download. So my question is, “Are you sure you have the latest bots.” You might want to contact [email protected] to make sure the latest bots are downloadable.
Now to address your question. As long as you are seeing a smiley face you are good to go and you may need to wait another day or two before you start seeing trades. Be patient, and give it some more time!
Alan,
