Description

FTMO Robots EA Review for MT5: Everything You Need to Know

FTMO Robots EA – A Practical Guide to MT5 Automation

Table of Contents

1. Introduction
2. What Are FTMO Robots EA?
3. Why Traders Choose MT5 for Automation
4. Key Features of FTMO Robots EA V5.0
5. Performance Review
6. Package Contents at a Glance
7. Step-by-Step Installation Guide
8. Suggested Settings & Risk Management
9. Best Practices for Day-to-Day Use
10. Pros and Cons
11. Frequently Asked Questions (FAQ)
12. Conclusion & Next Steps
13. Risk Disclaimer

1. Introduction to FTMO Robots EA

FTMO Robots EA – Automated trading has grown from a niche idea to an everyday tool in modern forex. The FTMO Robots EA suite is one example of this shift. Built for MetaTrader 5 (MT5), these expert advisors aim to help traders stay consistent, follow clear rules, and reduce emotional decisions. This post breaks down how the FTMO Robots EA work, what the latest package includes, and how you can decide if it fits your own trading plan.

2. What Are FTMO Robots EA?

FTMO Robots EA are expert advisors (automated programs) created to trade multiple currency pairs on MT5. Each robot in the set follows its own algorithmic strategy, placing, managing, and closing trades without manual input. The goal is clear:

• Follow a tested trading plan 24/5
• Apply risk rules the same way every time
• Give traders more time to focus on analysis instead of order entry

If you are familiar with FTMO challenges or other prop-firm rules, you know how tight drawdown limits can be. FTMO Robots EA try to respect these limits through built-in risk controls, making them popular among traders who take funded-account tests.

3. Why Traders Choose MT5 for Automation

MetaTrader 5 offers:

For these reasons, many algorithm developers—including the FTMO Robots EA team—pick MT5 as their primary platform.

4. Key Features of FTMO Robots EA

4.1 Diverse Algorithmic Strategies

Eight separate .ex5 files cover eight symbols:

• AUDCHF M15
• AUDUSD M15
• EURAUD M15
• EURUSD M15
• GBPAUD M15
• USDCAD M15
• USDCHF M15
• XAUUSD (Gold) M15

Each file contains its own logic to suit that market’s behaviour—ranging from trend-following on majors to mean-reversion on cross-pairs.

4.2 Built-In Risk Management

• Equity stop: closes all trades if a preset equity drop is reached.
• Per-trade stop-loss: default values inside each setfile.
• Max lots per symbol: prevents over-sizing on high-volatility days.

4.3 Ready-Made Presets (Setfiles)

All parameters—lot size, take-profit, time filters—come pre-configured. You can still adjust them, but the stock settings aim to stay within common prop-firm rules.

4.4 No DLL & Unlimited Use

The label “NoDLL / Unlimited / Fix” means you don’t need external libraries. You can install the robots on any MT5 account without recurring activation.

5. Performance Review of FTMO Robots EA

Below is a summary derived from backtests provided by the vendor and user-shared screenshots.

Key takeaway: FTMO Robots EA demonstrated steady gains with drawdowns inside typical funded-account limits (10 % daily / 5 % absolute). Real-time MyFxBook links were not available at writing time; consider running a short demo test before going live.

6. Package Contents of FTMO Robots EA at a Glance

“Expert + Presets” is the main folder delivered after purchase.

Files included

7. Step-by-Step Installation Guide for FTMO Robots EA

1. Download & unzip the package.
2. Open MT5 → File → Open Data Folder → MQL5/Experts.
3. Copy the .ex5 files into the Experts folder.
4. Copy the .set files into the Presets folder (MQL5/Profiles/Presets).
5. Restart MT5 or press Ctrl+R to refresh the Navigator window.
6. Drag each EA onto its respective chart.
7. Load preset: Inputs tab → Load → pick the matching .set.
8. Enable Algo Trading (top toolbar).
9. Check journal for messages like “EA started successfully.”

Need more help? See our full EA installation tutorial or the official MetaTrader 5 guide.

8. Suggested Settings & Risk Management for FTMO Robots EA

Always forward-test on a demo account first. Adjust lot size based on your account equity, then monitor performance for at least two weeks before going live.

9. Best Practices for Day-to-Day Use

• Use a VPS close to your broker’s server to avoid slippage.
• Check news events; you may pause the EA thirty minutes before high-impact releases.
• Keep one EA per chart to prevent conflicts.
• Update your broker’s MT5; older builds may cause unknown errors.
• Record results weekly; compare equity curve to backtest to spot deviations early.

10. Pros and Cons

Pros

• Eight ready-to-trade strategies
• Simple setup with presets
• Risk controls that align with prop-firm rules
• No recurring license fees

Cons

• Limited live performance data from vendor
• Default time frame fixed to M15 (less flexible)
• Requires stable VPS to avoid disconnects

11. Frequently Asked Questions (FAQ)

Q1: Can I change the time frame?A: The EAs were optimized for M15. Using other charts can reduce accuracy.

Q2: Do FTMO Robots EA work on indices?A: No. The package focuses on the eight forex and metal symbols listed.

Q3: Is there a refund policy?A: Check the vendor’s terms. Most EA sellers provide a limited money-back period.

Q4: Do I need to pass the FTMO Challenge first?A: Not required, but many traders use these robots to help stick to challenge rules.

12. Conclusion & Next Steps

FTMO Robots EA offer several ready-made strategies aimed at steady gains while keeping risk in check. Their MT5 focus, clear presets, and diverse pair coverage can save traders time and reduce manual errors. If you plan to tackle prop-firm evaluations—or simply want consistent rule-based trading—placing these EAs on a demo server is a logical first step.

13. Risk Disclaimer

The information in this article is for general guidance only. Trading forex and CFDs involves risk. Past performance of FTMO Robots EA or any other system does not guarantee future results. You should do your own research or consult a licensed financial adviser before making trading decisions.

Vendor Site – Click Here