Behavior with other EAs?

[Orlando Stevenson]

Hello – how do the Prop Firm Robots work with other EAs.?   Once the profit target is reached, are all EAs suspended or just the Prop Firm Robots?

[Alan Northam]

Hi Orlando,

Each EA is attached to a separate Symbol chart and works independently from other EAs.  Same with the Prop Firm Robots.  All EAs work independently from other EAs.

Alan,

[Ilan Vardy]

Hi Orlando,

 

Just to add to Alan’s answer, before downloading the Prop Firm Robots,  we select the profit targets and risk settings.  This is added into the code / settings of the Prop Firm Robots, so once the profit target is reached, all prop firm robots will stop trading. They do work independently of each other, but because they have the same account profit targets coded into them, they’ll turn off at the same time, when the targets (or drawdown limits) are reached. Any other EAs will not because they don’t have the profit targets included.

Ilan

[Alan Northam]

Hi Orlando,

Ilan brings up an important point which may be the correct answer to your question.  However, keep in mind that besides the Account profit target, that is set when you download the prop firm robots, each EA also has it own profit target built into it.  When the Account profit target is hit then all the prop firm robots open positions will be closed.  However, when an individual EAs profit target it hit only that EA will be closed.

Alan,

[Orlando Stevenson]

Noted.. thank you Alan and Ilan for advising!

 

[Author]

Posts