Forum Replies Created
-
Posts
-
Hey Michael, glad to hear about your success with the challenge.
For your funded account, sadly when the market is against us there is not much we can do. We have other users who also reported that the last few days are not good for them after a great start. This is just another market cycle that eventually will end.
What I would do in such a situation is just to pause trading for a while until the market goes in my favor again. I still trade on my demo accounts with the best performing EAs from the Prop Firm Robots app and/or the Top 10 Robots app to keep an eye on the market and when I notice that it’s being stable I start trading again.
P.S. By the way, this is a great topic and it would be great to hear how other traders approach this situation, so moved it into the main Prop Firm Robots app forum as a separate topic. This will give it more exposure and hopefully others will share their thoughts.
Hello, the EAs from the Top 10 Robots app are different and use different parameters during the generation process. The app is a completely separate product. You can learn more about it here.
Hey Dror, after detailed research, we found that on the funded accounts, we see fewer profits with commodities while having the same trades. Also, with the FX pairs, there is a commission, whereas on challenges, there is no commission. Unfortunately, there is nothing we can do about it. We will further explore this and try to find a way to trade with these circumstances.
Hello Adam,
Here are the step-by-step instructions to resize the Forex Profit Supreme Meter on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
For MetaTrader 4 (MT4):
Access Indicator Settings:
- Open MT4 and navigate to the chart where you’ve applied the Forex Profit Supreme Meter.
- Right-click on the chart and select “Indicators List.”
- From the list, find “Forex Profit Supreme Meter” and click on “Edit.”
Adjust the Font Size:
- In the indicator’s properties window, navigate to the “Colors” tab. Here, you’ll see various elements of the indicator. For each element, there’s an option to change the color and the font size.
- Click on the “Font…” button next to the element you want to resize. A new window will pop up where you can adjust the font size.
- Increase the font size to a value that’s comfortable for you.
Adjust the Size of the Indicator Window:
- Hover over the top or bottom border of the Forex Profit Supreme Meter window until the cursor changes.
- Click and drag to adjust the size of the window.
- Click “OK”:
- Once you’ve made the necessary adjustments, click “OK” to apply the changes.
For MetaTrader 5 (MT5):
Access Indicator Settings:
Open MT5 and navigate to the chart where you’ve applied the Forex Profit Supreme Meter. Right-click on the chart and select “Indicators List.” From the list, find “Forex Profit Supreme Meter” and click on “Properties.”
Adjust the Font Size:
- In the indicator’s properties window, navigate to the “Colors” tab.
- Here, you’ll see various elements of the indicator. For each element, there’s an option to change the color and the font size.
- Click on the “Font…” button next to the element you want to resize. A new window will pop up where you can adjust the font size.
- Increase the font size to a value that’s comfortable for you.
Adjust the Size of the Indicator Window:
- Hover over the top or bottom border of the Forex Profit Supreme Meter window until the cursor changes.
- Click and drag to adjust the size of the window.
- Click “OK”:
- Once you’ve made the necessary adjustments, click “OK” to apply the changes.
These instructions should help you resize the Forex Profit Supreme Meter on both MT4 and MT5. Remember, the appearance and visibility can also be influenced by the overall screen resolution and display settings of your computer.
Please let me know if this works for you.
The news filter tracks Medium and High news from the Forex Factory economic calendar.
Hello, you can find explanation of all News Filter properties here.
We check the app every day and if the top 3 are different from what we’re trading on our accounts, then we replace the running EAs. If we have open traders in the account with EAs which are no longer in top 3 in the app, we close them manually and replace these EAs. If we have open traders in the account with EAs which are still in top 3, we keep them running until they drop from the top 3 in the app. In short, everyday we trade with the top performing EAs from the app.
Noone can predict how the EAs will perform in the future. That’s why we pick the EAs which perform the best in the most recent market. And we update them daily if there are new top performers in the app.
If the EA meets my objectives I would close the position of course. But my objectives might be different than yours.
If we’re talking about long-term objectives, with the Top 10 EAs usually our traders close the positions at the end of the day if the strategy that has an open position is no longer in the top performers in the app and needs to be replaced. If the strategy is still in the top 3 or top 5 (depending on the initial setup we started with), then they keep the position open until it closes automatically or the EAs is no longer in the top performers in the app.
Hi, there isn’t such property in the EAs. Can you share a link to the video where you saw this and tell at which minute you saw this so I can better understand what you are looking at?
Some of the strategies may have a trailing stop-loss. You can look in the Journal tab for messages stating something like “position modified”. If you see such, this means that the particular EA has Trailing SL. I see form your screenshot that you’re trading with XAGUSD only so you may try few other pairs at the same time, as it might be the market is not good for this pair at the moment. On our accounts we achieved the best results when trading with 3-5 EAs at the same time, picking the top performers from the weekly or monthly charts, and replacing them daily so everyday we can trade with the top performers for the desired period according to the app.
These are not HFT EAs. Otherwise the won’t comply with most prop firms requirements. The EAs will open trades when they receive a confirmation from the underlying indicators.
There doesn’t seem to be anything wrong in the logs that you shared. You just need to wait for the EAs to receive confirmations from the underlying indicators to open trades.
It’s a personal choice how much you will be risking. As I mentioned above, by default the EAs from the Prop Firm Robots app come with a pre-set lot based on the settings you choose. The lot is different for each pair and for each strategy. We don’t use the Prop Firm Robots on live accounts and we don’t have insights on this. On our live accounts we use EAs from the Top 10 Robots app.
Hi Tsholo, practically you can, as long as you’re using the appropriate EAs for your account, but you might face several challenges with the live account.
First, if you plan to use the EAs from the Prop Firm Robots app on a live account, you need to download the EAs for the appropriate account size, e.g. if you’re planning to use them on a $10k live account, then you would need to download EAs for $10k challenge.
Another thing is that the EAs from the Prop Firm Robots app come with several protections that you preset prior to downloading the EAs. Those reflect most prop firm challenges requirements. You can modify them after downloading the EAs. Those are the Daily Protections and Account Protections. While these are good when participating in prop challenges, they might limit the trading in the live account. On the other hand, they can help to protect the account from huge losses in case market goes downside. So it’s a personal choice if you’re going to change them or not.
Another difference is that each individual EA in the Top 10 App by default is preset to 0.1 lots per trade. In the Prop Firm Robots app the each EA has its own individual lots, and the lot size differs from the risk settings – low (0.5% of the account per EA), medium (1% per trade per EA) or high (2% per trade per EA).
Always start with a demo account with the same size you plan to have on the live account and test different setups to see what works for you and if you’re satisfied.
