Expert Advisor Recommendation
Highly Recommended brokers
FBS 100$ BONUS
TICKMILL 30$ BONUS
FXTM 50$ BONUS
JFX EA Description
FX EA is a fully automated Prop Firm Robot suitable for prop firms like FTMO. It works using a proprietary indicator. This indicator, a part of the core structure of PropFirm EA, is also available for manual trading if the user prefers a more hands-on approach.
JFK EA operates through a combination of Averaging and Hedging trading methods. On default settings, Averaging is turned on while Hedging is disabled. However, users can modify these settings according to their trading strategy. They can disable Averaging if they wish for JFK EA to trade only one order. Users can also set Take Profit (TP), Stop Loss (SL), and trailing stop for each trading position, allowing for a more customized trading experience.
The PropFirm EA provides a comprehensive set of settings that users can experiment with, facilitating traders to discover the best and most profitable settings for each currency pair. For example, users can understand the average volatility of each instrument and, based on this, set appropriate stop loss and take profit values for each currency pair.
This level of adaptability enables traders to optimize their strategies according to market conditions and volatility, thereby potentially increasing profitability.
Prop Firm Robot also has an MQL4 Signal account. As observed from the attached screenshots, there is a considerable maximum drawdown of 75%. However, despite this significant drawdown, the account has successfully operated for three months.
It’s important to note that this significant drawdown is primarily caused by small deposit size. The account monitoring author trades seven pairs on a deposit of $1000, while the recommended deposit should be at least $500 for each currency pair. This implies that a minimum deposit of $3500 is advised for trading on seven pairs.
JFX EA Setting
JFX EA Back-test Result
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