- February 26, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Best Prop Firm EA Review
Forex trading is becoming increasingly popular in today’s world, and one of the ways traders are making profits is through the use of automated trading systems. One such system is the Best Prop Firm EA, an automated trading software that has been specifically designed to trade on the popular MetaTrader 4 platform. In this article, we’ll delve into the details of the Best Prop Firm EA, discussing its features, how it works, and why it is a suitable choice for traders looking to participate in challenges like FTMO.
Features of the Best Prop Firm EA
The Best Prop Firm EA comes equipped with a wide range of features that make it suitable for all types of traders. One of its most notable features is its ability to keep drawdown below 5%, which is essential for traders participating in challenges like FTMO. The EA achieves this by opening several positions based on the conditions of the chart. It also uses a top bottom reverse trading strategy, grid, inner smart indicators signals, and news filter as its trading strategy.
Another feature that makes the Best Prop Firm EA stand out is its compatibility with different time frames. The software can be used on time frames ranging from M5 to H4, giving traders the flexibility they need to make informed trading decisions.
The EA is also adjusted for different currency pairs, including XAUUSD, EURUSD, GBPUSD, NZDUSD, AUDUSD, USDCAD, EURGBP, USDJPY, USDCHF, EURCHF, and AUDCAD. This makes it easy for traders to choose the currency pairs they want to trade based on their preferences and experience.
In terms of account specifications, the Best Prop Firm EA requires a minimum balance of $1,000 and a maximum balance of $200K. The minimum leverage required is 1/100, which is standard in the forex industry. The software also comes with a -5% drawdown limit, which ensures that traders do not risk more than they can afford to lose.
Best Broker List :
The Best Prop Firm EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|Register||2007||Sydney, Australia||1:1000||$200||ASIC, SCB, FSA|
|Register||2010||Melbourne, Australia||1:500||$200||FCA , ASIC, DFSA|
|Register||2008||Cyprus||1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|Register||2011||London, England||1:500||$25||regulated by CySEC|
|Register||2006||Dublin, Ireland||1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Mt4 forex Autotrade Settings :
How the Best Prop Firm EA Works
The Best Prop Firm EA uses a combination of technical analysis, market data, and news events to make trading decisions. The software analyzes the market in real-time, looking for trends and patterns that indicate potential trading opportunities. It also uses a variety of indicators to identify entry and exit points, including moving averages, RSI, MACD, and Bollinger Bands.
To ensure that traders do not incur huge losses, the EA comes equipped with an auto stop loss/take profit feature, equity stop, and trailing stop. These features allow traders to set their own risk parameters and ensure that they do not lose more than they are comfortable with.
Why the Best Prop Firm EA is a Suitable Choice for Traders
The Best Prop Firm EA is an excellent choice for traders looking for a fully automated trading system that is easy to install and use. The software does not use the martingale strategy, which is known to be risky and can lead to huge losses. Instead, it uses a combination of proven trading strategies and indicators to identify potential trading opportunities and minimize risk.
In addition to its powerful features, the Best Prop Firm EA also comes with excellent customer support. The software also comes with detailed instructions on how to use it, making it easy for traders to get started.
The Best Prop Firm EA is an excellent choice for traders looking for a powerful, fully automated trading system that can help them participate in challenges like FTMO. With its unique features, including the ability to keep drawdown below 5%, compatibility with different time frames and currency pairs, and powerful indicators, the Best Prop Firm EA is an excellent choice for both novice and experienced traders alike. So if you’re looking
Best Prop Firm EA Free Download
We highly recommend trying the Best Prop Firm EA with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.