Forum Replies Created
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Posts
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Hi Kerem,
The problem is that the robot/robots have activated the account protections. To get the robots trading again the protection levels need to be modified.
Alan,
Hi Rockworm83,
The protection levels are set in the robots properties box. The same box where you can change to lot size.
Alan,
Hi Richard,
The Prop Firm robot app uses BlackBull historical data to test the robots. So the performance you see on the app is based upon using the BlackBull historical data. If you use a prop firm that uses a different broker the results will be different.
Alan,
Hi Konstantino,
So, when you access the Prop Firm Robot app the first thing you do is to select the account size, the Daily DD, the Max DD, the Profit target, the risk, and the news filter option. Lets say you select 1% risk. This means you are risking 1% of the account balance. So if you chose to trade 3 robots then the total account risk is 3%. So if the prop firm you are using has a daily DD limit of 5% then there is nothing you need to do. Professional traders do not risk more than 2% on each trade nor do they risk more than a total account risk of 6%. So this strategy would be inline with what the pros do.
I like the idea of looking for the smoother graph line. This is the same as looking for the robots with the lower DD.
Alan,
Hi Konstantino,
Which app are you referring too? The Prop Firm robot app or the Top 10 EA app?
Alan,
Hi Rockworm83,
This happened because the robot protection levels were activated. To get the robot trading again you need to update the protection levels.
Alan,
Hi Richard,
In the Prop Firm Robot app you need to select the account size, the Max daily DD, the Max DD, the risk, and the Profit target. When you download the robots these limits are built into the robots. If you select a risk of 1%, when you download the robots each robot will have a risk of 1%. The 1% means you are risking a DD of 1% for each robot. So if you are trading 5 robots then your total account risk is 5%. Since your DD limit is 4% then you either need to trade fewer robots or you need to adjust the lot size on each robot. Since your account has a max DD of 4% it might be a good strategy to limit your total account risk to 3%. So it you just reduce the lot size of each robot to half their value you would have a max account risk of 2.5% not far from 3%. You could start there!
Alan,
Hi romolusne,
Once you hash out the two lines you need to compile the code. Once the code is compiled those strategies will not trade again. From the screenshot provided the only two strategies that can still be trading are strategies 004 and 007. To stop these from trading you need to hash out lines 783,784,795, and 796. Once these are hashed out and the code is compiled they will no long be able to trade.
Alan,
Hi Boyan,
My workflow is not the only workflow in successful trading it is what I found works best for me. My workflow tests the robots and then increases the lot size on those robots that are profiting. It takes me about 30 minutes once every weekend to check which robots worked best the previous week and then to update the lot sizes. Then I am done for another week.
The workflow on the YT channel is what Petko uses. Petko takes robots shown to be profitable and put them on a challenge. If they hit profit target then that account gets funded. If he loses that account because of excessive draw down then he starts over with a new challenge. He repeats this process until the account gets funded.
While both of your workflows achieves funded accounts they are not the only ones that can be used to become a successful trader. Every successful trader has figured out the workflow that works best for them. I hope you too will figure out what works best for you.
Alan,
Hi Kerem,
Which EAs are you referring too? Prop Firm Robot app or Top 10 EAs app?
Are you using a broker or a prop firm?
If prop firm, what are their daily draw down limits, their max draw down limits, and their profit target?
What is your starting account balance.
Alan,
Hi ahmadaboud,
The added characters after the symbol is just the brokers way of identifying the name of the chart. The robots do not read the chart name, they read the bars or candles on the chart. If you are using MT4 and see a smiley face in the upper right corner of the chart, or if you are using MT5 and see a blue hat in the upper right corner of the chart, then the robots are working correctly.
Alan,
Hi Boyan,
If you will read through my workflow, see link above, you will see I am forward testing on my Infinity Forex Fund challenge. You can use the same workflow with your FX2 challenge.
Alan,
Hi Gavin,
The following link will send you to a 9 week series of comments on how I trade the robots I created with EA Studio on my Infinity Forex Fund challenge which is just a few hundred dollars away from getting funded. You can use the same workflow to trade the Prop Firm robots. If you study my workflow and apply it I am sure you can win a challenge. I am also using the same workflow on three other accounts.
https://sandbox.eatradingacademy.com/forums/topic/ongoing-challenge-10-eas-from-ea-studio/
Alan,
Hi rasa,
This is not a bug but how the prop firm robot app works. As you change the account size the profit in “dollars” changes and this then can change the order of the robots from most profitable to least profitable.
Alan,
Hi Boyan,
You are correct! Your number 1 is the Prop firm Robot app. Your number 2 is the Top 10 EA app.
Now about the Top 10 EA app: The Top 10 EA app has been trading for more than one month but was not made public until now when it was decided to launch this app. So the 30 day performance is accurate!
The Prop Firm robots are created to be used in passing prop firm challenges. These robots have account protections built into them so they will protect the trader from losing the account.
The Top 10 EA app was created more for trading brokerage accounts which do not have the stringent draw down limits. However, the account protections are still built into the EAs but are just not being used. Knowing this you can use the Top 10 EAs to pass a challenge but you need to manually set up the account protections.
So, either app can be used to pass a challenge. The Prop Firm robot app is a little easier to use as you can select the account size, the Max daily drawdown, the Max drawdown, and the profit target based upon the limits set forth by the prop firm you chose to use.
Now for using EAs on a funded account: Here is where a problem exits. The problem is that most prop firms do not allow using third party EAs. However, most prop firms do not apply their rule with challenge accounts but only on funded accounts. The Prop Firm robot app is advertised to help you pass a challenge and is not advertised to be used with funded accounts.
Alan,