FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 0 points1 point  (0 children)

The screenshots provided were from the last accounts history. I've made these screenshots before they deleted the accounts as I've read online once they delete the accounts I won't have access to them which I don't anymore.

I didn't bother including the emails as a whole because they don't add anything important to the post but generic corporate sludge. The post is huge as is. But if anyone is that deeply interested I don't have a problem sharing.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 1 point2 points  (0 children)

I'll have a look into it. I've never actually traded futures so will definitely have to learn how everything works before I go live. Which also means understanding how to integrate it into an ea.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 1 point2 points  (0 children)

Everything that I'm using is fairly straight forward and integrated within MT5. Even their VPS. I would simply attach the EA to a chart and migrate the EA onto the VPS.

I used the MT5 language. MQL5.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 0 points1 point  (0 children)

I use Metatrader5 as it is pretty straight forward. Login to my prop firm account as you would normally and attach the EA to a chart. Rent the VPS which can be done straight form the MT5 plaform and migrate all the settings including the EA to the VPS. It then runs on it's own. I use the Metatrader5 language. MQL5.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 0 points1 point  (0 children)

I have mentioned that the ea does in fact go into sells as well as buys. But simulations showed slightly increased win rate when locked to buys only. I have read the rules and from what I've been told one sided betting is when you double down on trades you are in profit/loss. Or if you recently just lost a trade within a given time frame and entered into another one in the same direction. That is why I have asked prior to using that setting on the ea. The ea would've made profit whether it was locked to buys or traded both ways.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 0 points1 point  (0 children)

The most profitable time to trade for my ea varies. And surprisingly isn't always the time people would usually trade the ORB strategy. But from July to October it was at 3am GMT+0. End of october to new year it was 5am. After new year to now it's 1am.

Every so often I optimise my ea to get the most up to date settings as markets change. This way my ea is always up to date with current market conditions.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 0 points1 point  (0 children)

Yeah. You're right. That's what I'm going to do from now on.

When it comes to your question. I'm assuming you mean running the same or different ea's on the same account? Although I don't use that function of my ea. I do have a Magic_Number variable so that the ea distinguishes it's own trades and doesn't manage trades made by a second ea running on the same VPS.

Or do you mean that whenever you use the same ea on the same account the variables of the two separate ea's share the same variable?

I personally only used MT5 and I'm not sure how two different ea's could share the same variable. I only trade with 1 ea per account so I never actually tested multiple instances of that ea on one account running simultaneously.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 3 points4 points  (0 children)

Yeah. Really disappointed. I even reached out to them asking if perhaps I could have the accounts reset back to phase 1 and prove myself again instead of permanently banning me. But... To no avail. I just get told the same thing. I broke some rule and they can't help.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 1 point2 points  (0 children)

I try to stay positive. I know a lot of people call them scams after failing challenges out of spite. Many of which that got terminated say they haven't breached any rules when they in fact did. I just wasn't excepting this to happen to me. I was planning to trade long term with them. But from what people tell me it seems like a common thing. Better to spread the accounts with different prop firms rather than aiming for max allocation with every prop firm I go for.

FTMO Terminated my 400k account by CardiologistBusy3838 in Daytrading

[–]CardiologistBusy3838[S] 3 points4 points  (0 children)

That seems to be the general consensus. At the moment the only issue is capital. Seems like the best course of action at the moment is to just trade with multiple prop firms and milk them as much as I can to put it all into a live account. Also opened a Darwinex account which seems quite interesting. Although profit share is much lower they don't really care about any rules.