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August 10, 2023 at 16:46 in reply to: Why is EA Studio EA NOT trading on demo account but making trades in EA Studio? #190202
Alan Northam
ParticipantDo you have sufficient historical data?
Alan Northam
ParticipantThe FTMO EA placed another trade today about one hour ago:
Alan Northam
ParticipantHow much historical data do you have?
Alan Northam
ParticipantThis error message means your terminal is trying to execute more than one trade at the same time. Do you have other EA’s running on the same terminal for EURUSD? If not, then I would close the terminal and reopen it and try again.
Alan Northam
ParticipantFTMO demo account Strategy Tester shows today’s trade:
Alan Northam
ParticipantThe settings are correct and you should see trades when they develop. On my FTMO demo account I just got a new trade about 3 hours ago.
Alan Northam
ParticipantI have not seen a trade yet either. In my backtesting using FSBpro the last trade was made last Friday. The backtest shows an average of one trade per day. So I am expecting to see a trade develop anytime now. Patience!
Alan Northam
ParticipantMT4 and MT5 settings are the same. Are you backtesting using Strategy Tester? What is your account size and lot size? Over what period of time are you backtesting? Please show a screenshot!
Alan Northam
ParticipantYour longer backtest was outside the backtest period in which the EA was developed. Hence the poor results. The more current backtest results are correct.
Alan Northam
ParticipantMy 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
ParticipantThe 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 = 0.30Alan Northam
ParticipantDoes 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
ParticipantReduce lot size
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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
ParticipantYes, this will open only one lot and will not add to it!
Alan Northam
ParticipantThe 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.
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