Forum Replies Created
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Posts
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Hi Luce,
Petko stated as long as your personal pc can stay active 24/7 you do not need a VPS. However, for real Challenges it is still recommended to use a VPS.
Alan,
Hi Danny,
In that video he was just showing an example by using a robot from an earlier strategy which is not part of the current FTMO robot strategy. So no, he is not arbitrarily changing the TP and SL of the current FTMO V6.0 robots.
Alan,
Hi Mathew,
Higher leverage allows you to take on more risk than a lower leverage. However, with respect to FTMO, by limiting account risk from 1 to 3% it makes no difference as to whether your account has high or low leverage.
Alan,
Hi Tyler,
The timezone is GMT. With “From hour” set to 2 it means the EA will not start trading until 2 hours after the market opens.
Alan,
Hi Matthew,
Here is the calculator I use to calculate SL. There are many others on the internet. You don’t calculate TP. Also don’t worry about the leverage. As long as you stick with 1 or 2% account risk the leverage will not affect your account.
https://www.forextime.com/trading-tools/trading-calculator/pip-calculator#pip-calculator
Alan,
Hi PipWzrd,
Please contact [email protected] so they can check on why you cannot download the new FTMO app.
Alan,
Hi Chis,
They are working on an updated version of the FTMO app. I don’t know when it will be released.
Alan,
Hi Chris,
I have noticed the same thing. I have even tried to correlate with EA Studio which was used to create the robots but it does not correlate with the app.
Alan,
Please contact [email protected] and ask if they can add your request as a new feature.
Alan,
Hi Mustafa,
Yes this can happen because the historical data for both FTMO and XM are different. I would suggest doing a backtest on XM by using the MetaTrader Strategy Tester. You can then look at the journal to see how often trades were taken. This will give you an idea how long you need to wait to see trades develop.
Alan,
Hi paul4x,
Exactly! The clarity is in the video. The majority of the video discusses testing all 8 robots on a FREE FTMO demo account and then choosing the top 1 to top 3 robots to use in a challenge. Near the end of the video he says he also used all 8 robots to pass the challenge.
So in the video Petko shares three strategies to pass the challenge.
1. Test all robots and pick the top robot.
2. Test all robots and pick the top 3 robots.
3. Use all 8 robots.
*Each of the three strategies have good points and bad points.Alan,
Personally, I have never worried about it. I just trade Petkos’ robots as is, and I have never had a problem with it. Petko has said just changing one indicator slightly is sufficient to make the robot unique. I just contacted the FTMO Chat line and they cannot answer the question as to what it takes to make a robot unique. They said the robot provider is the only one that can say the robot provided to you is unique. They said if I change the magic number they cannot confirm that someone else might make the very same change and only the robot provider can confirm that there are no more than one robot with the same magic number. The same with changing an indicator setting as it is still possible for another person to make exactly the same change. See the problem? It is only the robot provider that can say for sure the robot is unique.
I also asked the FTMO Chat line if the Third Party EA rule applies to the Challenge and Verification stage. The response was that it only applies to FUNDED accounts! So nothing to worry about!!!
Alan,
