Guys I ended up winning the challenge. I had to take a manual trade to win on both phases because the market just was not in peak condition and I did not get enough setups. But now I can just let them run risk free with my automatic daily loss limit stopper in place.

Guys I ended up winning the challenge. I had to take a manual trade to win on both phases because the market just was not in peak condition and I did not get enough setups. But now I can just let them run risk free with my automatic daily loss limit stopper in place.

@l-andorrà Alright sounds straight forward thank you

Call me a dinosaur or whatever, but I have been using mt4 to test and optimize EAs for like 6 months or so.

My first question is, what is your process for finding the best settings? What should I be optimizing for? All of these new statistics like recovery factor and sharpe ratio were not things that I could study on mt4. What should I do differently now to make the outcome better based on your own experiences with using mt5? Do you focus on # of trades, % drawdown, or what? Also, how should I interpret optimization vs forward testing data?

My second question is is there a rule of thumb for how long you should back test/optimize the settings for a particular amount of time? Like lets say I want the EA to run for a certain amount of time, how long should the back/forward test be to feel comfortable letting it run? Obviously I am going to check up on it every single day, but I only want to reoptimize every 20-30 days to keep it consistent and also up to date.

I'm relatively new to the EA game so any advice you have would be appreciated.

I am planning on taking my EA to the FTMO challenge. In a nutshell, you must earn 10% profit within 30 days with a rule of 10% max drawdown and 5% daily drawdown.

I was wondering if there was a way that I could make my EA stop trading if the losses for the day are at a certain percentage of my equity? For example, I want the EA to close all trades if the sum of losses for the day is like -4.5%, just below the full -5% I am allowed so that the EA does not lose the challenge.

Basically, I want the EA to shutdown it if gets to close to the daily limit. I would rather take the loss than risk losing the challenge entirely.

Thanks for your advice.