Trading Robots for MetaTrader 5
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Overview
The Prop Firm Passer is a multi-symbol EA designed to pass prop firm challenges (FTMO, 5ers etc) in the quickest time without using Martingale, Grid and other risky tactics. Simply enter your Profit Target and Max DD and let the EA pass the challenge for you. The EA uses diversification which is the tried and tested industry standard of managing drawdown without compromising returns. The EA automatically spreads the risk across three symbols to pass the challenge in the quickest time possible without hitting the DD limit.
All results are obtained using 100% quality Real Ticks. The EA can be attached to any timeframe chart (M1, H1, D1 etc) and works with all sorts of drawdowns (Static, Trailing, Max Daily). Multiple speed and strategy options are also available for troubleshooting and strategy management.
Only one position for each symbol with SL and TP all the time just the way real traders trade.
NO GRID, NO MARTINGALE, NO ADDING TO LOSERS
Pass your challenges just the way pros trade and manage risk like professional portfolio managers.
Input Parameters
- Profit Target %
The profit target to pass the challenge. The EA will automatically close all positions once the target is reached inorder to protect the gains
- Max Drawdown %
The max drawdown settings of the challenge
- For Static DD, just enter the value of the drawdown
- For DD with a Daily Limit, enter the value of the Daily DD Limit
- For trailing DD, you can enter the value of the drawdown but the optimal value can be obtained based on the combination of the trading symbols. If you have purchased the EA, send me a message and I will find the optimal value for you
- Symbols to Trade
The EA can trade a maximum of three symbols from your Market Watch and atleast one symbol must be mentioned in the inputs. It is essential that the symbol names match the Market Watch exactly inorder to place trades in MT5. The EA can be attached to any one of the three symbols on any time-frame but it is recommended to attach it on the most active symbol for best performance.
Eg: USTEC, DE40, EURUSD -> The EA will work best when attached to USTEC as it receives the most ticks due to its activity. Message me if you do not know which symbol is the most active
- Mode
LONG mode only takes long trades
SHORT mode only takes short trades
STRAT takes both directional trades
Recommended to use LONG or SHORT. STRAT mode included for troubleshooting (read below)
- Speed
FAST, MEDIUM and SLOW are available based on the time required to pass the challenge. It is recommended to use speed FAST, the other speeds are for troubleshooting (read below)
- Start Hour
The start time as per mql server (time in the Market Watch) for EA operation can be set based on your use case. Alternatively the best start time for a particular combination of symbols can be determined by analysing the joint tick volume patterns of the symbols. If you have purchased this EA, send me a message of your trading symbols and I will find the optimal time for you
- EA Identification Parameter
Positive number to uniquely identify the trades placed by this EA. Important to set this number to a value other than the default inorder to avoid prop firms identifying the EA
Troubleshooting Tips
The main idea behind this EA is the uncorrelated nature between multiple symbols. However sometimes by chance alone even uncorrelated symbols can exhibit correlation during which the EA may not perform as expected. Here are some tips to tackle such situation
- Change the mode to STRAT
- Change the speed of the EA to MEDIUM or SLOW
- Change the combination of symbols or try a different start time
Recommended Settings:
DE40, GBPJPY, XAUUSD attached to DE40 with a start time of 10. Mode: LONG, Speed: FAST
Message me and I will send you the FTMO set file with all inputs pre-loaded.
Any of the settings from the tests above can also be used.
Testing Instructions: Multi-symbol EAs can cause some issues while testing in strategy tester such as not taking trades, message me the issue and I will help resolve them.
Checkout my USTEC Ultimate and other EAs as well https://www.mql5.com/en/users/prasaddsa/seller
Thank you!
Risk Disclaimer
This EA is designed to maximise your chances of passing the prop firm challenge but does not offer any guarantees as there are many shady prop firms who manipulate the data stream when their users are close to passing. An EA can also make losses. Only trade with money you can afford to lose. The prop firms mentioned are taken as examples and not endorsement.
