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Hey mate,
I get your point!
I will try to explain why this happens:
1. FSB Pro open the trades during the bar, and it works on the closing of the bar. That is why you need to use Control Points as modeling.
2. FSB Pro uses higher time frame filters and it includes Indicators that are not available on MetaTrader at all. That is why backtesting on MetaTrader becomes a problem.
Simply MetaTrader cannot catch up with all of the features.
3. FSB Pro has different backtesting models that are not available on MetaTrader as well.
Unfortunately, MetaTrader was not updated for over 20 years. MetaQuotes (the company behind it) has been selling the platform to brokers, and they make money from the big guys. And they don’t think about the retail traders (us) at all.
I hope that makes sense!
So I am using FSB Pro daily, and I do not even test the EAs on MetaTrader, because the MT tester sucks (sorry for the word).
The EAs are the same. If you see a difference between MT4 and MT5, this is because of the Historical data provided by the brokers.
You can modify the lots from the inputs of the EAs. The first line usually is the lot size.
As Alan said the Balance is at 10k because non of the trades were closed. The Equity is the Balance +- open trades!
Hey Gafur,
I will consider it with the next update but these 5 EAs were not created for FTMO. You better check the FTMO course with the FTMO Robot included.
Yes, I replaced the Trailing Stop with the Account Percent Stop for 2 reasons:
1. The Trailing Stop did not give any significant difference on the backtest and during live tests (same results with or without it)
2. The Account Percent Stop is important for people who can’t manage the lots well and they might lose their accounts if they place huge lot size by mistake.
So if something isn’t really improving the strategy I prefer to remove it. This way the code of the EA is shorter and the backtest would run faster.
Hey Janek,
I appreciate it! I am going to add this video to the course since it turned out to be valuable indeed!
Hey Sam,
I usually remove the Robots if the Profit Factor drops below 1.2. If you let it run until it drops below 1.0 it means you would have more losses than profits.
Hey mate,
Glad to hear from you.
1. Yes
2. The default contract size for Forex is 1 lot = 100 000 EURUSD, for example.
The points are the last digits of the price. If EURUSD is 1.08105, The point is ”5”.
Hey Alan,
Great you shared the results (even what happened with MFF). Most importantly, you use the Strategy Builers successfully!
It would be great if you share more about how you generate the EAs.
Regarding the Prop Firm industry, I can assure you that nothing will change…there have always been Forex Scam brokers, Crypto Exchanges, and Prop Firms…and there will always be greedy CEOs that a few million is not enough revenue but they need a few hundred million. :)
I’ve been in this business for over a decade now, and I’ve seen a lot of people scammed, and nothing ever changes… unfortunately. They will just move to another country, open a different brand with a different name and they will scam again. This repeats again and again.
Hey Alan,
Great you shared the results (even what happened with MFF). Most importantly, you use the Strategy Builers successfully!
It would be great if you share more about how you generate the EAs.
Regarding the Prop Firm industry, I can assure you that nothing will change…there have always been Forex Scam brokers, Crypto Exchanges, and Prop Firms…and there will always be greedy CEOs that a few million is not enough revenue but they need a few hundred million. :)
I’ve been in this business for over a decade now, and I’ve seen a lot of people scammed, and nothing ever changes… unfortunately. They will just move to another country, open a different brand with a different name and they will scam again. This repeats again and again.
It depends on your leverage as well.
Try lowering the lot size to 0.1 and see if you will still see the same error.