The Best Prop Firm Robot for November 2024 is designed specifically for prop firm challenges, trading the USD/JPY pair on the 15-minute (M15) timeframe. It employs a structured risk management approach to meet strict drawdown and daily loss limits imposed by prop firms.
This Expert Advisor (EA) uses a combination of Directional Indicators, Bulls Power, and Candle Color Analysis to determine trade entries. It also incorporates daily and account-level protections to manage equity drawdown and maintain compliance with trading rules. Here are the key input parameters of the strategy:
- Entry Volume (Lot Size): 0.65 lots per trade
- Stop Loss (SL): 42 pips
- Take Profit (TP): 90 pips
- Indicators Used:
- Directional Indicator (Period: 23)
- Bulls Power (Period: 29, Level: 0.0000)
- Candle Color Analysis (Minimum Body Height: 28 pips, Consecutive Candles: 3)
- Trade Protections:
- Max Spread: 0 (No execution if the spread is too high)
- Max Open Positions: 0 (Unlimited unless restricted manually)
- Max Open Lots: 0 (No hard cap on total lot exposure)
- Daily Protection Rules:
- Max Daily Loss: $490 (Predefined stop to prevent excessive losses)
- Max Daily Drawdown: 0% (Not defined in percentage but enforced via balance)
- Daily Reset Hour: 0 (Default, can be adjusted)
- Account Protection Rules:
- Min Equity: $9,010 (Robot stops trading if balance drops below this level)
- Max Equity: $11,005 (Profit-lock mechanism to avoid overtrading)
- Max Equity Drawdown: 0% (Enforced at a fixed monetary level)
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: The Best Prop Firm Robot For Nov 2024 is for educational purposes and is free to download. Get the Expert Advisor and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations. 
