The FTMO Robot V5.0 EURUSD M15 is a prop firm trading bot designed for trading the EUR/USD pair on the 15-minute timeframe (M15). It is a combination of trend-following and momentum strategies using a mix of technical indicators. This prop firm bot operates within a specified trading window and uses a combination of Envelopes, DeMarker, MACD, RSI, and ATR indicators to make trading decisions. With an emphasis on risk management, the prop firm challenge EA applies defined stop loss and take profit levels to control market exposure. Additionally, the spread and equity protection features provide added safeguards against unfavorable trading conditions.
Strategy overview:
- Entry Lot Size: 0.10 per trade
- Stop Loss: 25 pips
- Take Profit: 90 pips
- Indicators Used:
- Envelopes: Period 33, Deviation 0.06% – Used to detect overbought and oversold conditions based on a smoothed moving average envelope.
- DeMarker: Period 45, Level 0.45 – Helps identify market tops and bottoms by assessing price exhaustion.
- MACD: Fast EMA 25, Slow EMA 35, Signal SMA 9 – Determines trend strength and direction, using a crossover approach to confirm trade signals.
- RSI (Two Configurations):
- Period 5, Level 43 – Analyzes momentum with a shorter period for more reactive signal confirmation.
- Period 20, Level 30 – Provides a more smoothed momentum confirmation for additional trade validation.
- Average True Range (ATR): Period 30, Level 0.0015 – Incorporated for volatility filtering, ensuring that trades are only executed when market conditions are favorable.
- Additional Features:
- Spread Protection: Enabled (Max Spread = 0 points, default disabled)
- Minimum Equity Protection: Enabled (default disabled)
- Trade Retry Mechanism: Retries up to 4 times with a 100ms wait period
For instructions, you can download our Free Expert Advisors Startup Guide before trading with the robots.
Disclaimer: This Prop Firm Trading Bot is for educational purposes and is free to download. Get the FREE Prop Firm Challenge EA and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations. 