Forum Replies Created
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Alan Northam
ParticipantAre the pairs you are referring too the FTMO Version 4.2 pairs? If so, make sure the pairs are attached to the correct chart and attached to the M1 period.
Alan Northam
ParticipantDoes M1 historical data go back to Oct 1, 2023?
Also start with smaller lot size such as 0.3, and 0.3.
Also I must advise that MetaTrader does not do a good job with backtesting! The creator of FSBpro recognized this years ago and decided to develop a much better backtester. FSBpro and EA Studio are the best backtesters available!
Alan Northam
ParticipantDoes M1 historical data go back to Oct 1, 2023?
Also start with smaller lot size such as 0.3, and 0.3.
Also I must advise that MetaTrader does not do a good job with backtesting! The creator of FSBpro recognized this years ago and decided to develop a much better backtester. FSBpro and EA Studio are the best backtesters available!
Alan Northam
ParticipantThanks Aaron!
Alan Northam
ParticipantThe only change you need to make is to adjust the lot size based upon your account size to reduce risk! The following recommendations limit risk to 1%. You can adjust the recommended based upon your tolerance to risk.
200K 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 = 0.30Alan Northam
ParticipantUpgrade to latest version of MT5. This should fix this problem.
Alan Northam
ParticipantReduce minimum count of trades to 100 or less and try again. After generator stops running you can go to Collections and further filter the count of trades to a higher number. If you still have problems add new comments and we can help you further.
Alan Northam
ParticipantMyForexFunds. com is now formally gone!
Alan Northam
ParticipantThe following is the results of my third test of the FTMO robot V4.1 on an FTMO 14 day free demo account from Sept 12, 2023 through Sept 25, 2023. Account size $10,000. Lot size was 0.3 the recommended lot size for this account size. The profit was 3.69% with a drawdown of 0.89%. If I combine the three test together the results would show a profit of 7.6%. If future testing shows the same rate of profit it should take just a total of 2 months to reach the target profit of 10% to pass the challenge.
I will now start another 14 day demo and continue to test the FTMO EURUSD EA version 4.1 and should theoretically complete the challenge within the next 14 day demo period.
Note I continue to test FTMO EURUSD version 4.1 and not version 4.2. What I am trying to test is how long will a single EA continue to show good results.
Alan Northam
ParticipantIt looks like overall the FTMO robots are showing profit from how I read your comments. I recommend testing the robots with an FTMO Demo account over at least one month. Since the FTMO Demo account only last for 14 days you would have to do it twice. After one month review the results. I have been doing this since the first of August for the FTMO EURUSD EA version 4.1. You can review my results in the forum.
Alan Northam
ParticipantI have seen big losses with my account this week also and my account is made up of EAs I created using ExpressGenerator and EA Studio. This is not a problem with the EAs (robots) this just is not a good trading week. Hang in there and profits are ahead in the weeks to come. You do not need to make any changes to your EAs.
Alan Northam
ParticipantWhich course are you referring too so I can look it up in order to answer your question?
Alan Northam
Participant200K 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 = 0.30Alan Northam
ParticipantFrom which course are you referring too?
Alan Northam
ParticipantNothing is wrong. Give the strategies more time to open and close trades. I recommend back-testing to 30 days and then review the results!
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