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Hi Alan
Yes, plenty of prop firm, like True Forex funds and Funded Trading plus has forced the UK trader (including US ofcourse) to move to another platform and they (their new broker) have comopletely stopped supporting MT4/5. Some are offering CTrader and others offering DXTrader. The trouble with this, EA from MT4 can’t be used their or can’t be made compatible to use their. However, I heard that it is now possible to do a trade copy from a demo MT4 account to CTrader. Again the demo is not provided by these propfirm, so demo account with any broker and copy those trade to CTrader for prop firm broker.
This will cause slippage and discrepancy, but lets see how far we can go with this. At this moment we dont have a choice but to adopt the new platform. FTMO, they will stop providing MT4/4 broker sooner or later. You watch.
Hi Guys,
Have you seen the news that most of the propfirm have already stopped offering broker that allowd MT4/5. True Forex Funds have migrated my challened to C-TRade platform and Funded Trading plus has announed that they are stopping MT4 and one can only trade in DXTrade.
I see on FTMO website as well now that they have listed DX and looks as they are going to stop providing broker with MT4/5 platform. I am pretty sure thtat even FTMO will son eventually stop offering brokers with Meta Trader, in fact this is all because MetaQuest is locking down their licenses due to US traders.
I am now on a mission to see if there’s any software which would migrate the MT4 EA to DXTrade, or is there anyway I can copy trade their. Any advice will be helpful.Hi Alan,
Is your trade is still opened for USDCAD ? Mine is still opened for a $10k challenge , it went all the way up to $100 in profit and this morning down back to $50. Looks as if it will take a while to close one trade. With this speed, I need to forecast that how long before one can pass the 1st phase of challenge ?
Only did it for last two weeks but no losses so far, but then again FTMO demo acc only lasts for 2 weeks so I had to open a new one for this week. I am getting more confident to take it towards the challenge.
The thing that I am really stubborn about that I want to try passing the challenge with the default settings of EAs without scaling up in settings.
I would keep changing to the top 3 from last 3 weeks. So, every Sunday afternoon I would look the top performers from last 3 weeks and stop any pending trade, put the newly performers EA and see how it would go- only testing this for prop firm FTMO for next 3 days, if positive signs then use that in the real challenge.
All your answers are here in Petko’s video – https://www.youtube.com/watch?v=B6SrGqplaF4&list=PLLhtsUCmGnb1facF-5g9esp7yfID6Q4kP&index=1&t=314s
Top 3 from the last week with medium risk, testing it on a demo of $10k FTMO – 1 trade open- USDCAD – in profit of $54 but trade is not closed yet. All this week I will see how his Top 3 EA will perform form default settings.
It’s not strictly meant for FTMO prop firm. Those 1 week results are for general, but the only way to find out is use those Top 3 EAs on Monday for FTMO Demo and see how close they are matching. That’s what my plan is, I am with FTMO demo too.