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- Forex Robot Review
- Metatrader 5
- Experts
- Prop Firm Pass EA
For those in the Forex Trading sphere, the Prop Firm Pass EA, also known as the Funding Challenge Pass EA, is a significant tool. Designed for optimal performance, this software is specifically tweaked to pass proprietary firm challenges, such as those posed by FTMO, My Forex Funds, and E8 Funding, among others.
Performance Analysis of Prop Firm Pass EA
Since its inception at the start of 2022, this Forex Software has undergone rigorous testing each month. Out of the 14 months it has been tested, it has excelled in 12, falling short in just 2. This commendable success rate speaks volumes about its efficacy, demonstrating its utility for Successful Trading in the Forex Market. The software’s key strategy lies in capitalizing on small breakouts, winning often, even if the gains are minimal. This approach ensures a high win rate and keeps the drawdown low, making it particularly suitable for prop firm challenges.
Technical Requirements and Recommendations
The Prop Firm Pass EA is compatible solely with the Metatrader 5 platform. To guarantee smooth operation without any connection interruptions, it is advisable to use a VPS (Virtual Private Server). Additionally, it is recommended to opt for a low spread (RAW) brokerage account, as tight spreads are essential for this Expert Advisor.
Optimized Settings for the Funding Challenge
Users can find the optimized settings for the funding challenge below:
- Pair: USDJPY ONLY
- Timeframe: H1
- SizeOfPullback: 10
- Expiration: 24
- Lots: 0
- RiskPerTradeInPercentage: 2/3%
- MinimumDistance: 0
- TakeProfit: 150
- StopLoss: 150
- TrailingSLActivate: 35
- TrailingSL: 5
Before using these settings on a live account, they should be tested on a demo account or a strategy tester first. This precautionary measure ensures the settings’ compatibility with the user’s trading preferences and risk tolerance.
Independent Testing and Updates
For those interested in seeing the Prop Firm Pass EA in action, independent testing of the product can be found on the forexroboteasy.com website. Furthermore, users can subscribe to updates on the testing results of this product. This enables traders to stay informed about the product’s performance and make well-informed decisions about its use.
FAQ Section
- What is the Prop Firm Pass EA?
- The Prop Firm Pass EA is an optimized Forex software designed to pass prop firm challenges.
- What platforms are compatible with the Prop Firm Pass EA?
- The Prop Firm Pass EA is compatible only with Metatrader 5.
- What are the optimized settings for the funding challenge?
- The optimized settings include Pair: USDJPY ONLY, Timeframe: H1, SizeOfPullback: 10, Expiration: 24, Lots: 0, RiskPerTradeInPercentage: 2/3%, MinimumDistance: 0, TakeProfit: 150, StopLoss: 150, TrailingSLActivate: 35, TrailingSL: 5.
- Where can I find independent testing of the Prop Firm Pass EA?
- Independent testing of this product can be found on the forexroboteasy.com website.
In conclusion, this independent review of the Prop Firm Pass EA provides an in-depth analysis of this Forex Software, its performance, technical requirements, optimized settings, and where to find independent testing. Users are encouraged to share their experiences and insights about this product for the benefit of the trading community.
Prop Firm Pass EA Review: Optimized Forex Software for Successful Trading
forexroboteasy.com
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almheiri82
1 review
Review: Prop Firm Pass EA - Unleashing Forex Trading's Potential
When using this software, I would strongly advise maintaining a risk level of 1% or 2%. This is a lesson I learned the hard way after using the Author's parameters, which were too risky and led to the loss of my prop firm account. However, I persevered and continued to use the software, adjusting the parameters to a more conservative setting. The results were impressive. With a risk level of 1% and a pullback of 1 or 2, the software began to generate profits. Patience is key when using this software. It's not a get-rich-quick scheme, but a tool that requires time and patience to yield results. I made the mistake of using a 4% risk level in my early days of using the software, a decision I would not recommend to anyone. The higher the risk, the higher the potential for significant losses. In the spirit of helping others, I will be sharing my settings for gold trades in the comments section. These settings have worked for me, and I believe they can work for others too. In conclusion, I would like to express my gratitude to Bailey for creating the "Prop Firm Pass EA". It's a powerful tool that, when used correctly, can lead to significant profits in forex trading. However, like any tool, it requires patience, understanding, and the right settings to work effectively. I look forward to seeing what other innovations Bailey will bring to the forex trading world.