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Hello team,
First of all. I can already see how this new Version 5.0 robot is going to do so much better than its predecessor.
As you know, I am a big fan of Petko’s scaling plan. I think it is simply genius.
I would like to ask, since you guys have been testing Version 5.0 for a little while:
1. What is currently the currency pair with the most “2 or 3 trades consecutive winners”?
2. Is Petko still advising to use his scaling plan with currency pairs that have a 1:3 or 1:4 loss to win ratio?
Since it will take a long time to get enough trades to have a good sample due to the higher accuracy of these new robots, would you guys be so kind to share the winning percentage of these currency pairs? I know, just like Petko said, backtesting is hardly accurate and I don’t trust it because I have done it and it gives different results than my real time demo account testing.
Thank you for all that you do.
Ling
Hello Petko,
I have installed all 8 new EA’s from the newest version of FTMO released yesterday.
They were installed at 8pm EST New York Time and right now it is 13hours later. It has not opened any trades.
With the previous 2 versions of the FTMO EAs, trades would open within a few hours.
I did not install the SET files. I only opened them to get the number of lots for each EA and input them manually.
Do I need to install the set files? If yes, could you teach me how?
Thank you,
Ling
Hello!
Thank you for all that you guys do.
I have 3 questions.
1. If I am closely following EURUSD and have decided to use it for an evaluation, how do you decide when is the best moment to begin using the scaling plan? After seeing 1, 2 or 3 red trades or is it based on a different criteria?
2. I would like to ask if soon there will be a way to create a script to automatically trade with the same number of lots if the current trade is a loser, but if the current trade is a winner, to automatically add “X” number of lots before placing the next trade.
3. I am considering purchasing the TOP 10 Forex robots and would like to confirm if they are all a 1:2 loss/win ratio to use the scaling plan to pass a challenge.
Thank you,
Ling
Dear Petko,
I started my FTMO challenge this week on monday after testing the 7 robots for 2 weeks and seeing great results.
I ran the top 3 robots and today I hit -5% after 4 days of consecute losses with only 1 winning trade.
My question is, how do you decide when to stop trading completely and when to start running the top 3 EA’s again.
It seems that the timing of when to run the top 3 robotos is crucial and would appreciate any guidance you could provide regarding the timing on when to use them.
Thank you in advance.
Charles
Dear Petko,
Before I ask my question, I want to thank you. In demo mode, the 7 EA’s have performed so well since October 11 that is up 12.5%. That is 17 days.
Before I start the FTMO evaluation, I have a question.
Once I ran all 7 bots, how many days going backwards do I use to identify the top performer? 2 days, 1 week, 2 weeks?
My biggest fear is for the currency pair to start having a red streak after 12 trades with an 80-90% win rate. Any light you could shed on this would be of great help as I know you have come across this concern in the past.
Thank you Petko.
Ling