PropSync AI EA MT4 – Free Download

Introduction to PropSync AI EA

PropSync AI EA is a powerful automated trading tool designed specifically for traders participating in prop firm challenges, such as FTMO, and evaluation tests. This Expert Advisor (EA) aims to help traders meet strict requirements set by these firms, focusing on stability, risk management, and profitability. The EA is fully automated, allowing traders to maintain discipline, manage risk effectively, and execute trades according to predetermined strategies. Here’s an in-depth look into PropSync AI EA, including its functionality, features, advantages, and drawbacks.

Technical Specifications

Version: 1.0
Year of issue: 2024
Working pairs: NASDAQ USTECH100
Recommended timeframe: H1 or H4
Minimum Deposit: 100K
Average of account:  NA

Best Brokers List

PropSync AI EA can work  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	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

PropSync AI EA Settings

Key Features and Parameters

PropSync AI EA comes with a range of customizable parameters that allow it to be adapted to various trading styles, risk preferences, and market conditions. Below are some of the critical parameters and features based on the configuration screenshot provided:

1. Daily and Monthly Profit/Loss Targets
   • The EA allows traders to set maximum daily profit targets and limits on losses. These features ensure that trading stays within a controlled risk profile, which is crucial for prop firm evaluations. For example, a daily profit target of $3,700 and a maximum daily loss of -$1,700 keep trading aligned with firm rules.
2. Stop Loss and Take Profit Settings
   • Several configurable stop loss (SL) and take profit (TP) settings help protect traders from significant losses while securing profits. With options like CSL (custom stop loss), PF (profit factor), and CPF (custom profit factor), users can precisely define risk-to-reward ratios, enhancing their risk management strategies.
3. Trend Detection and Signal Management
   • The EA includes a trend detection feature to help traders capture price movement direction, reducing the risk of entering trades against the prevailing trend. However, it’s advised not to change this setting unless advanced users understand the market’s dynamics.
4. Lot Size Control and Protection
   • Lot sizes can be customized, allowing traders to control position sizes based on account balance and risk appetite. Additionally, features like "Lot_Freight" provide extra protection against accidental oversized trades.
5. Time-based Trading Restrictions
   • The EA allows traders to set specific trading windows (e.g., from 05:30 to 22:30), which can help avoid periods of high volatility, like news releases, that may impact trade performance.
6. Market Adaptation for Spikes
   • PropSync AI EA is designed to take advantage of news spikes, making it well-suited for high-impact trading events, which can often lead to quick and significant profits.
7. Support for MT4 Restrictions and Cross-Platform Trade Copying
   • For users in regions where MT4 is restricted, the EA supports trade copying to platforms such as DXTrader, Matchtrader, TradeLocker, and Ctrader. This feature is beneficial for traders who wish to operate across multiple trading platforms.
8. Compatible for FTMO Broker and Other Prop Firms
   • The EA is optimized for FTMO brokers and supports trading on the USTECHCASH100 pair, particularly on the H1 or H4 timeframe. Adjustments can be made for other brokers and pairs by consulting customer support.

Advantages of Using PropSync AI EA

1. Built for Prop Firm Challenges
   • PropSync AI EA is tailored to help traders pass prop firm challenges, ensuring they meet evaluation criteria by controlling risk and maximizing profits.
2. Advanced Risk Management
   • With built-in risk management features, such as daily and monthly maximum loss protections, stop loss and take profit settings, the EA minimizes the risk of substantial account drawdowns, a critical factor for traders seeking long-term success.
3. Flexible and Customizable Strategies
   • The EA provides various strategy options, allowing traders to experiment and find what works best for their trading style. This flexibility ensures that the EA can adapt to multiple market conditions and strategies.
4. Compatibility with Multiple Platforms
   • The ability to trade on restricted platforms and copy trades across various platforms makes PropSync AI EA a versatile tool for global traders, particularly in countries with prop firm restrictions.
5. Fully Automated Trading
   • PropSync AI EA handles all trade execution automatically, enabling traders to maintain a consistent trading approach without the risk of emotional decision-making, which is often a downfall in manual trading.

Disadvantages of PropSync AI EA

1. Limited to Specific Brokers and Assets
   • While optimized for FTMO and the USTECHCASH100 asset, PropSync AI EA may not perform as effectively on other brokers or assets without customization. This limitation may require traders to reach out to support for optimal settings on different assets.
2. No Martingale or Grid Strategies
   • Although avoiding martingale and grid strategies is generally positive for risk management, traders seeking high-reward strategies with potentially high risk might find this limitation restrictive.
3. Complex Setup for Beginners
   • PropSync AI EA requires a certain level of knowledge to configure effectively, particularly with parameters like stop loss, take profit, and lot size. Novice traders might struggle to set it up optimally without guidance, although support is available.
4. High Dependence on Specific Market Conditions
   • The EA’s effectiveness could vary based on market conditions, especially with its news spike feature. In low volatility periods, it might not perform as efficiently, and traders may need to adjust settings or strategies accordingly.

How to Set Up and Use PropSync AI EA

1. Configure Basic Settings
   • Start by selecting your desired strategy (e.g., Strategy 1) and setting delay seconds, daily profit/loss targets, and monthly limits. Ensure the settings align with your risk tolerance and the prop firm’s requirements.
2. Fine-Tune Stop Loss and Take Profit
   • Set appropriate stop loss and take profit values based on your analysis. This will help protect against unexpected losses and lock in profits.
3. Adjust Lot Size and Trading Times
   • Configure lot size according to account size and trading hours to match market liquidity and volatility. Avoid trading during periods of anticipated low volume or extreme volatility.
4. Enable Additional Features (Optional)
   • If you are comfortable with the setup, enable additional features like trend detection and news spike response. However, make sure you understand these features fully to avoid unanticipated results.
5. Testing and Support
   • Perform thorough backtesting with the parameters provided, particularly on FTMO brokers. For troubleshooting, such as Spread Error 130, change the spread to 100. Reach out to support through their Telegram if you need help with custom configurations or face platform-specific restrictions.

Final Thoughts

PropSync AI EA is a robust trading tool that provides a balanced approach to automated trading, catering specifically to prop firm evaluations and challenges. With a focus on stability and risk management, it stands out as a suitable EA for traders aiming to pass stringent prop firm requirements. While it may require some expertise for optimal configuration, the provided support and documentation can bridge this gap for less experienced users.

Download PropSync AI EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.

Get PropSync AI EA

18.75 KB

Risk Disclaimer

Trading forex carries significant risks and may not be suitable for all investors. Past performance does not guarantee future results. The statistics and performance metrics presented are based on historical data and may not represent future performance. Traders should carefully consider their financial situation and risk tolerance before using any automated trading system