Forum Replies Created
-
Posts
-
UPDATE ON MY FTMO STRATEGY V5.0
As of last Friday after the end of the trading week the FTMO V5.0 had a profit of $32 USD. The top 2 robots were XAUUSD and EURAUD as shown in the chart above. I then decided to double the lot size of each of these two robots from 1% of account balance each to 2%. This week is half over now so I decided to share my results so far this week. The top 2 robots remain the same and the account now has a profit of $224 USD. The following are my results:
Looking at the balance line it is still moving in an upward direction and has not started to show weakness. As a result, I expect to see this account continue to profit in the days ahead.
Alan,
Go to your eatradingcademy account and look in the Subscriptions or Courses tab to find the link. If it is not there then you will need to contact [email protected] .
Alan,
Hi Tanyeem,
MT4 will use hedging if your broker allows hedging. MT5 can be setup for hedging or netting when it is installed. There is an option to select netting. You can ask your broker to switch your account to netting.
Alan,
The forum moderators monitor the forum and helps traders with the issues they are having. This free’s up the support team to deal with support issues. What you are requesting is not a problem you are having but a request which falls under support. Having said that sometimes support or Petko may pop into the forum and answer a question or two but this does not occur often. The best way to ask for a feature request is to contact support.
Alan,
Please contact [email protected] and request this feature.
Alan,
If Petko’s results were from the most recent week you could certainly use them. However, the top performing robots can change every week as market conditions are continuously in a state of change. So, if Petko’s results were from several weeks ago then the top performers have most likely changed. To keep up with which robots are currently the top performers it is necessary to check them every week.
Alan,
Hi Ronen,
You should use the V5.1 robots. You should install them on a demo account. If you are using MT4 terminal and you see a smiley fact in the upper right had corner of the chart then the robots are installed properly. Now all you need to do is to give them time, maybe even several days, before you may see active trades. Also, you should just let the robots trade 24 hours a day.
Alan,
Question 1: “should i only Trade the new ones or is it a Great tactic to test around, Write them down and use the best of all the Versions?”
Answer 1: Petko recommends trading the TOP 1 to TOP 3 Expert Advisors. Since you are testing both V5.0 and V5.1 you could combine V5.0 and V5.1 and trade just the TOP 1 EA or the TOP 3. There is no right or wrong method.
Question 2: “how do you decide if an ea is the “Top Performer“ and how Long it is one?”
Answer 2: To determine top performers use only the closed trades. I personally use FXblue to sort the performance of all the EAs from top performers to bottom performers. From this sorting it is easy to pick the top performers. To determine how long an EA will remain the top performer I check FXblue every few days to see if the top performers have changed. As long as the EA I am trading remains in the top performer position when sorting the EAs I continue to trade it. Once it falls out of the top performance position I stop trading it and start trading the new top performer.
I hope this answers your questions. If not, then please let me know what I am not explaining. I am here to help!
Alan,
This link will take you to EAtradingacademy recommended VPS.
https://platform.algotradingspace.com/trading-vps/
I use vpsforextrader.com .
Alan,
UPDATE ON MY FTMO STRATEGY V5.0
On October 30th I started a new 10K FTMO Challenge using Petko’s FTMO V5.0 robots. From November 1st until December 6th the account drew down approximately 3%. Since that time the FTMO robots reversed course and started moving upward and is now just slightly about 10K by $32USD. Basically what I have been doing over this one month period I have been testing these robots. Now that the account is starting to trend upwards, I will create an FXblue account so I can easily determine the top performing robots. So here is what I have decided to do. I will now reduce the lot size of all the V5.0 robots to 0.01. I will then create a new MT4 chart. I will install the top performer robot on the new chart, set lot size to 1% risk, and I will create a unique magic number. By doing this I will be able to filter out all the robots to monitor top performers each week, and I will be able to separately filter out the current top performers to see how it is currently performing. I know this may be a little complicated but it allows me to use the same Challenge to do two different things, to continue monitoring the top performers each week and to continue to monitor the current top performer. Hope this makes sense!
The following is an FXblue table showing the performance over the last month. As can be seen XAUUSD and EURAUD have been the top performers. I have doubled the lot size of these two robots and I have reduced all other robots to a lot size of 0.01. This will allow the top two robots to dominate the trading of this FTMO Challenge while allowing me to continue to track the performance of all robots to determine if any of the other robots move into the top performance slots in the weeks to come.
Alan,
Hi Jordy,
Petko’s video should answer your question.
Alan,
Its not always the case. The chart above is only the results of two week testing using only one broker. What you need to base the trading decisions on is many weeks, months, years of testing with many different brokers, then you can determine the best way to trade. Thus the teaching of Petko is based upon years of trading. By choosing the top 1 to 3 EAs will provide the best results over the long term.
Alan,
