Hi Rando. Great product, have two questions.

1) Seems like the reset hour is not working if different from the default. I test my self puttin this on 30 minutes ahead and do nothing. NO reset the Daily current P/L

2) One time the daily current P/L is HIT and this value is reset to 0, will restart another bots operations or must be done manually?

Best regards

Hey,

1) Daily Reset will be done only once a day and you can't force it twice. Possibly in your situation the Daily Reset already done for that day. If you want to force full reset you must remove EA on chart and add it again (not recommended).
Easy way is to test the time settings on backtest and on journal you see the Daily Reset time and information.

2) If drawdown limit is hit, then you must wait to another day then Daily Reset resets starting balance/equity and recalculates all and works normaly.

Ok on point 1.

On point 2 my question is if the expert will RESTART operations for another BOTS or not. One time it stop must reopen by hand other bots? 

FTMO Protector can't stop or restart other EAs/Bots if you are hitting drawdown limit. 
Maybe in future we add "close all charts" or "disable autotrading" options if you hit drawdown limit.

Right now if you reach to profit Target Equity (your main goal) then it will close all charts and EAs and finally itself.

Let me undesrtand. 

If hit drawdown limit with CLOSE all open trades rigth? Even if not close the charts?

And yes, if close the charts is an option is not clear if it need or not close the chart to stop all trades please be clear on this.

Thanks

If you hit Drawdown Limit then it will close all open trades on that account! All charts and EAs will be open and run like before. Protector EA will be running also and waiting next day to reset.

If you reach profit Target Equity then all trades will be closed and All charts and EAs will be closed aswell. Watch picture.

Hi. After testing for 24 hours i can see the FTMO Protector does not fulfill its basic function of safeguarding capital.

Its current design does not completely halt the trading bot's activity when the loss limit is reached.

In fact, instead of stopping trades entirely, it only closes an additional trade opened by the bot, resulting in the accumulation of multiple open trades by the bot that are closed by the FTMO Protector, all incurring losses.

Therefore, it would be more appropriate that, upon reaching the limit, the system automatically disables algorithmic trading and reactivates it at the start of a new day, thereby ensuring effective capital protection.

" Maybe in future we add "close all charts" or "disable autotrading" options if you hit drawdown limit."

Without these improvements, the bot is already a real danger, generating losses that far exceed the protection it is supposed to offer. This is not merely a possibility, but an imminent reality that will be confirmed in the short term if corrective measures are not taken.

FTMO protector is just for closing all trades if you reach -4.5% drawdown mark to keep you in -5% prop firm trading rule and you won't blow your prop firm account. If you reach with 1 day to -4.5% drawdown, that means you are overtrading with very high lot size or too many pairs. Your EA/Bots should be trading inside 0.5-1.0% risk, If you don't use SL and market goes against you then protector is the final wall (-4.5%) to keep you inside trading rules. Also remember overnight your account risk/drawdown will be x1.2 because of high spread (most people don't know it). If you wanna get FTMO/Prop firm account safely then it takes 3-5 months.

If you are interested then we can add in next version for Drawdown limit: 1) Close All Charts 2) Disable Autotrading options. It takes time, because we also need to test it.

 How my BOT trade is irrelevant to the task this protector must accomplish. The protector must stop ANY TRADE if the DD reach a level. Period. dont matter if i overtrade, for thatbreason im buying a tool to protec me from that, and this is not doing. Understand?

 yes it must stop autotrade. Closing the charts have no sense if you stop Autotrading. What is the difference? better just stop autotrade. And yes, send me the beta ASAP i will test. 

Thanks.

If you plan to do changes can be great if include a TOTAL DD parameter.

Example

I have floting DD of -4000 first day

Second day Im still have DD of -4000 and now i add -2000. Your tool only see the daily DD.

Bets regards

Current Daily P/L is very important and it won't be changed. It checks the drawdown like FTMO system checks your account DD. Why? FTMO checks 10K account -500 drawdown DAILY basis with reset clock 1:00 (check FTMO rules).

Example: You Started a day 10000, EA remembers it. Lets say you closed profit +200. Balance is 10200, now new trades have floating losses -400. Current Equity is 9800 (day loss is -200 (not -400)). If next day comes and Daily Reset will recalculate your situation. That means new day Daily Reset | Balance: 10200 | Equity: 9800 and new floating P/L is -400.

Option just showing Total Drawdown: -400 (-4.0%), but it will confuse users if DD hit once and next DD they see: -800 (-8%) and daily loss that day is -400 (-4%). In my opinion less is more and less confusing.

If you have more specific questions then please next time send me private messages.

Hi Rando.

Great EA, thank you. I would be very thankful if one of the next updates could include "close all charts" or "disable autotrading" options. Do you think this can be implemented?

Edit: To be clear I meant whether the option could be added to be triggered by the daily drawdown limit.

Thanks a lot.

New version 1.17 is ready. It were in the test phase. We will upload it soon!

+ Daily Drawdown Limit to Close All Charts (optional) - disabled in default settings