Prop Firm Pass EA MT4: Unlocking Success in Prop Firm Challenges
Introduction
The Prop Firm Pass EA MT4 is a ultimate forex trading tool which helps the traders to pass the FTMO challenges. It is your secret weapon for prop firm evaluations. Whether you’re aiming to conquer FTMO, SurgeTrader, My Forex Funds, or other prop firms, this EA has you covered. Here’s what you need to know:
Strategy
The Prop Firm Pass EA MT4 combines two effective techniques:
- Scalping: The EA identifies short-term price fluctuations and capitalizes on quick trades. It aims to capture small profits frequently.
- Martingale: While cautious, the EA uses a scaled approach to recover from losses. It increases position sizes after losing trades, gradually recouping losses.
Key Information
- Platform: MetaTrader 4 (MT4)
- Minimum Deposit: $100 (recommended: $500)
- Timeframe: M1-H1 (recommended: M1)
- Supported Currencies: XAUUSD, EURUSD, GBPUSD (recommended)
Trade Execution
- Entry Criteria: The EA opens trades based on specific conditions. For example, it might enter a long trade when the price goes below certain moving averages or envelopes.
- Stop Loss (SL): The EA employs a stop loss to limit potential losses. If the trade goes against us, it exits automatically.
- Take Profit (TP): The EA sets a take profit level to secure profits. When the price reaches this level, the trade closes.
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