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With 8 EAs all set at 1% (which is recommended in the settings file) your total risk is 1% if all 8 EAs hit SL. This would cause you to fail the max daily loss of 5% and you would lose your account. It is rare for all 8 EAs hit SL on the same day but it could happen. So, in my opinion I would want to prevent this from occurring. If it were me I would set the lot size to 1/2 the size shown in the set file. This would limit the maximum daily loss to 4% so the account would not fail the daily maximum loss requirement of 5%.
The set file lot sizes are the lot sizes Petko used to pass the FTMO challenge. The lot size in the set file will help to pass the FTMO challenge in a minimum of time. However, the set file lot sizes are quite risky. To pass the challenge in the shortest period of time requires taking added risk. So if you use the lot sizes as shown in the set files then if you blow the account you have to start a new challenge until you pass.
An alternate approach is to reduce risk and take longer to pass the challenge.
It is up to each trader to set the lot size of any robot to the risk level the trader is willing to accept.
Alan,
Hi Brian,
Good to see you are thinging about risk management. This is a good low risk approach. Good idea! Keep thinking about ways to manage your account. Good to see you are thinking individually instead of just following others advise. This is the way to learn and to become a successful trader.
Alan,
Click on smiley face in the upper right corner of the chart to open EA properties box. Click on Input tab. Go to Entry lots and enter set file value there.
Alan,
Yes floating losses and floating profits are normal. I recommend reducing your lot size to keep from blowing your account!
Alan,
Contact [email protected]
Alan,
As long as there are less than 2000 identical orders placed per day there is no problem. Even if there are more than 2000 identical orders placed per day they will email you and ask you to make a change. If you insist on making your trade unique change the lot size slightly instead of the indicator settings.
Note: I use the standard settings and have never had an issue with it.
Alan,
Interesting! Glad you got it working. I guess the greyed out feature means these symbols are not to be used in your country. So I guess the symbols with the “.” are the correct ones to use. I don’t know why it took so long for the indicator to start working correctly, but I am happy to hear it is working now.
Alan,
I think those are the correct ones. See if you can open a chart and install the the profitsupreme meter.
I will be off line for the next hour.
Alan.
In Market Watch did you scroll all the way down to the end? Click anywhere in Market Watch and then move mouse wheel to end of the list of pairs.
Alan,
Did you try clicking on View in the tool bar and then clicking on Symbol. Then search through the lists to find the right pairs?
Alan,
Hi Luce,
This usually occurs when the broker operates in more than one country. Right click in Market Watch and select “Show All”. You should now be able to scroll down and find the currency pair without the “.”, if I understand your question correctly.
Alan,
