FTMO Challenge - Daily Loss Limit

[giitch]

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.

[miki]

@giitch see here : https://fxdreema.com/forum/topic/11614/stop-trading-when-the-daily-target-or-loss-is-achieved/7

[l'andorrà]

@giitch Follow miki's suggestion. And please let us know if you make it?

[Highmoose]

Just here to say Good luck, ive just started the FTMO challenge myself and opted in to trade my manual algorithm instead to minimize any risk of going over the daily limit.

My intention is to use FTMO to help supplement my algo accounts rather than run EA's on the actual FTMO account.

Even if you do decide to run EA's on on FTMO challenge, make sure you're keeping an eye on it as if you're used to raw spreads, then youll get a shock when you try to trade on the FTMO accounts whether its the challenge or the real account.

Either way, good luck! I hope you smash it!