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This is explained in Petko’s video for v5.1.
Alan,
Evidently you have not set up the set files correctly. I have added a snipit of the set files below for referrence:
Account_prot=——
MaxDailyLoss=2450
Min_Equity=45050
Max_Equity=55005Note, Max Equity should be set to 55005. I think perhaps you set it to 50000 or 50005. What this does is to close the trade and remove the robot once you have passed the challenge. What can happen if this is not set correctly is the trade could pass above the 10% target to pass the challenge and then fall back below this price target in which case you would not have passed the challenge. By setting this according to the setfiles once your account moves above the 10% price target to pass the challenge it will close the trade and remove the robot so that the account will not fall back below the 10% price target to pass the challenge. This is a protection to make sure once price moves above the 10% target you will pass the challenge.
Alan,
Yes! When using MT5 it will automatically set up with a hedging account. A hedging account is where you can have a long and short trade on the same pair at the same time. A netting account is where you can only have a long or a short trade on the same pair at the same time. It is my understanding that FTMO,com only allows hedging on one account. So, if you want to open a second FTMO account you should verify with FTMO support on how to do this using MT5.
Alan,
Hi eliav dror,
Your answer to your question about not hitting 5% can be found in the following link:
https://community.algotradingspace.com/forums/topic/how-to-trade-the-ftmo-v5-1-robots/#post-219413
The answer to your question about 1:2 rr is that the robots are created to trade profitably the majority of the time with the RR set for each robot. To change this value to a 1:2 rr would result in the robots losing the majority of times. Why is this? This is because sometimes the robots will move against the trade for a short period of time before becoming profitable. So if the stop loss was set to close to the opening price the trade could be closed with a loss before it had a chance to move into profitability. The robots are therefore created for best performance.
Alan,
I think the fact that both opened at exactly the same price might just be a coincidence. It would be interesting to see if they do it again. You can change the period if you want.
Which prop firm are you using so I can check on their policy on multiple traders using the same robot?
Alan,
If you see a blue hat in the upper right corner of the chart then the robot is working properly and you just need to give it more time to see trades develop.
If you do not see the blue hat you have not installed the robots correctly. To install correctly remove the robot from the chart, Turn on Algo Trading, and then install the robot.
Alan,
Sorry, I thought you were using FTMO as you were saying you were using the FTMO demo account. To make the robot unique just change some of the indicator parameters slightly as you have shown in your earlier post. The robot should continue to work well. You can also change the lot size but this will change your account risk.
Alan,
As far as your broker account is concerned you do not need to make the robot unique.
As for FTMO, I really wouldn’t worry about making the robots unique there either. There has to be a total of all accounts using the same robot mounting to $400,000 before FTMO becomes concerned. If there is a total of all accounts mounting to $400,000 you will receive an email asking you to modify your robot. It is only if you do not modify your robot that FTMO would cancel your account. So until you receive an email from FTMO I wouldn’t worry about making the robots unique.
I have not yet installed v5.1 on an account so I don’t have any trade results to share. I have decided to wait until after the first week of January to start any new trading accounts as I am expected the balance of the year to have low volatility.
Alan,
Try and install the EAs a second time. If that does not work then review the following video and see if this helps.
Petko just published a video on how to install FTMO V5.1 robots and how to use them. Here is the link address:
Alan,
Petko just published a video on how to install FTMO V5.1 robots and how to use them. Here is the link address:
Alan,
How To Trade the FTMO Robots
===========================Petko does not recommend trading all 8 robots in an FTMO Challenge. He recommends trading just 1 to 3 robots.
To determine which robots to trade in an FTMO Challenge the robots should be tested in the FTMO Free demo account for a minimum of one to two weeks.
After testing the robots in a Free FTMO demo account the demo account should be linked to FXblue or MyFxbook. You will then be able to review the most profitable robots. You can then select the top 1 to 3 top robots with a minimum of 3 to 5 closed trades. If none of the top 3 robots have closed at least 3 to 5 trades continue testing.
Once you have determined the top 1 to 3 robots you can now add them to an FTMO Challenge.
Continue to monitor all 8 robots in the Free FTMO demo account on a weekly basis with FXblue or MyFxbook. If different robots become the top 1 to 3 performers move these to your FTMO Challenge and replace the old robots with the new ones. Once the 14 day Free FTMO demo account has expired, create a new one, and link to FXblue or MyFxbook. Continue monitoring the robots on a weekly basis to continue updating the FTMO Challenge with the newer 1 to 3 top performers.
Note1: It is not recommended to trade all 8 robots in an FTMO Challenge at one time. The reason for this is they will all generate profits at different times. The strategy is to determine which of the 8 robots are currently in profit and trade those in the FTMO Challenge while the robots that are performing poorly are kept in the demo account.
Note2: Each robot has an account risk of 1%. Trading 3 robots will result in an account risk of 3%. It is not recommended to allow an account risk of more than 3%.
Note3: While it is not recommended to trade more than 3 robots in the FTMO Challenge at the same time if you chose to trade more than 3 robots in an FTMO Challenge then the lot size of each robot should be reduced to keep the account risk at a maximum of 3%.
I also suggest the review Petko’s video on how to install and trade the FTMO v5.1 robots:
https://community.algotradingspace.com/forums/topic/is-the-robot-available-for-multiple-funded-accounts/#post-219126Alan,
Petko just published a video on how to install FTMO V5.1 robots and how to use them. Here is the link address:
Alan,
To do this in EG you would have to take the collection and run it during the OOS time period (example 80% to 100%) to test against Acceptance Criteria. You may have to change some Acceptance Criteria settings such as minimum count of trades may not be met over a short OOS time period.
Alan,
Lets say you have the horizon settings set to great strategies from January through October a period of 10 months.
With Out of sample set to data_start_percent = 0 and data_end_percent = 100 then EG will use all 10 months to create strategies.
Now with Out of sample set to data_start_percent = 10 and data_end_percent = 90 then EG will use 8 months from February through September to create strategies with January and October not being used in creating strategies. These two months are not in the sample being used to create strategies, therefore, they are out of sample.
Test it and while EG is creating strategies you can view the range of dates it is using.
Alan,
