The FREE Prop Firm 100k Robot is an expert advisor designed for USD/JPY on the M15 timeframe, with a strategy tailored to meet prop firm trading conditions. It operates using a structured risk management framework that includes fixed stop loss, take profit levels, and various equity protection measures. The trading strategy utilizes ADX, Bulls Power, and candle pattern analysis to determine optimal entry points while ensuring compliance with strict risk parameters. Here is overview of the strategy:
Trade Execution Parameters:
- Lot Size (Entry Amount): 3.21 per trade.
- Stop Loss: 42 pips.
- Take Profit: 90 pips.
Indicators Used:
- ADX (Directional Indicators) – Period 23: Measures trend strength to confirm trade direction.
- Bulls Power – Period 29: Evaluates bullish momentum relative to a moving average.
- Candle Color Analysis:
- Minimum body height: 28 pips.
- Requires 3 consecutive candles to confirm trend continuity.
Daily Protection Parameters:
- Max Daily Loss: $4,900 – Prevents excessive daily drawdowns.
- Max Daily Drawdown (%): 0 (Disabled by default) – Can be configured based on prop firm rules.
- Daily Reset Hour: 0 (Disabled) – No automatic reset for daily loss limits.
Account Protection Parameters:
- Minimum Equity: $90,100 – Ensures a base capital threshold is maintained.
- Maximum Equity: $110,050 – Limits account growth within a predefined range.
- Max Equity Drawdown (%): 0 (Not activated) – Can be set to manage risk dynamically.
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This 100k Robot is for educational purposes and is free to download. Get the 100k Medium USDJPY M15 EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
