The Best Forex EA for Prop Firms specifically trades the EUR/USD currency pair on the H1 (1-hour) timeframe. It employs a balanced strategy that leverages technical indicators and robust risk management to navigate the market effectively. Below is an overview of its key features and trading framework:
- Entry Volume: The Best Forex EA for Prop Firms uses a default entry lot size of 0.10 lots, which provides traders with moderate exposure while maintaining manageable risk.
- Stop Loss & Take Profit: The strategy incorporates a stop loss of 30 pips to limit potential losses and a take profit of 75 pips to capture favorable market movements, offering a risk-reward ratio of 1:2.5.
- Indicators Used:
- Envelopes: The indicator has a configuration of a period of 14 and a deviation of 0.1. This, naturally, helps the robot identify price bands for entry and exit opportunities.
- MACD: With parameters set to 23 (fast EMA), 45 (slow EMA), and 9 (signal line), the MACD assists in determining market momentum and potential trend reversals.
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Disclaimer: This Prop firm EA is for educational purposes and is free to download. Get the Best Forex EA for Prop Firms and test it on a Demo account. Traders should regularly monitor the performance to ensure performance aligns with expectations.
