This FREE Prop Firm EA focuses on trading EURAUD on the M30 timeframe. The prop firm strategy is optimized for FTMO challenge accounts by maintaining a structured balance between trade frequency and risk exposure, ensuring compliance with FTMO rules, and minimizing potential drawdowns. The FREE Prop Firm EA executes trades based on multiple technical indicators. Here is a brief overview of this prop firm strategy:
- Entry Volume: 7.37 lots per trade
- Stop Loss: 40 pips
- Take Profit: 90 pips
- Indicators Used:
- Envelopes (Period: 45, Deviation: 0.08%) for trend detection
- DeMarker (Period: 30, Level: 0.50) for overbought/oversold conditions
- MACD (Fast EMA: 40, Slow EMA: 67, MACD SMA: 9) MACD for momentum confirmation
- RSI (Period: 7, Level: 42; Period: 19, Level: 30) is used for secondary confirmation
- ATR (Period: 60, Level: 0.0023) helps measure volatility
- Risk Management Protections:
- Maximum daily loss: $4900
- Minimum account equity: $85,100
- Maximum account equity: $110,050
- News filter enabled for high-impact news
- Position and robot statistics tracking
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This Prop Firm Strategy is for educational purposes and is free to download. Get the FREE Prop Firm EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
