[Alan Northam]

My backtest shows a good balance lineup until May 1.  After that, the balance line moves sideways in a large trading range.  Petko says this is normal.  I would expect the balance line to start moving higher again in the near future.  I would not start a new FTMO Challenge until the balance line starts to move higher again.  I would start an FTMO demo account.  Once the demo account starts to show steady profit then I would consider starting a new challenge.

[Alan Northam]

The suffix has nothing to do with the bars/candlesticks (historical data) on the chart. The suffix is simply part of the chart name. Check to make sure the EA is active. In the top right corner of your chart window, you should see a smiley face. Also do a Strategy Tester backtest. If you see a balance chart line then it shows the EA is taking trades. If you do not see a balance line then you most likely need to change your lot size.

100K Account: Amount for new position = 6.0 / Maximum position amount = 6.0
100K Account: Amount for new position = 3.0 / Maximum position amount = 3.0
50K Account: Amount for new position = 1.5 / Maximum position amount = 1.5
25K Account: Amount for new position = 0.75 / Maximum position amount = 0.75
10K Account: Amount for new position = 0.30 / Maximum position amount = 0.30

[Alan Northam]

Does backtest show trades?
EA only takes on average one trade per day.  According to my backtest in FSBpro the last trade was on Friday 8/4/2023.  Wait another day or two to see if you get a trade.  Then report back!

[Alan Northam]

Reduce lot size
==========
100K Account: Amount for new position = 3.0 / Maximum position amount = 3.0
50K Account: Amount for new position = 1.5 / Maximum position amount = 1.5
25K Account: Amount for new position = 0.75 / Maximum position amount = 0.75
10K Account: Amount for new position = 0.30 / Maximum position amount = 0.30

[Alan Northam]

Yes, this will open only one lot and will not add to it!

[Alan Northam]

The FTMO EA does not use martingale.  It does however add to the lot.  Martingale works differently.  To stop adding make “Amount for a new position” and “Maximum position amount” the same.

 

[Alan Northam]

Yes!  EURUSD.i is just the name of the chart and has nothing to do with the historical data displayed.

[Alan Northam]

Yes, you can overwrite the EA.  It is up to you if you want to close out any open positions.

[Alan Northam]

See Petkos’ video on this topic on August 2 entitled “FTMO Robot Backtesting”.

[Alan Northam]

Here is how the software creator suggests to solve this problem:

[Alan Northam]

For smaller accounts scale Entry Lot Size, Max Lot size, Amt to Add on lot size, Stop loss, and Take profit proportionally.

[Alan Northam]

Hi Kevin,

When doing the backtest on MT4 you have to set up the Strategy Tester correctly.  This video will walk you through the process.

 

As for the FTMO settings, what questions do you have?

The Envelopes can be added to the MT4 chart.  You can find the indicators in the list of indicators on MT4.

Alan,

[Alan Northam]

Either one!

[Alan Northam]

Have you tried this solution as I suggested earlier?:  

Try using MT4 instead of MT5.  I am thinking MT4 does not have this issue.

[Alan Northam]

Try this solution: 

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