Prop Firms copy-trading - how not to blow up the account and complete the Сhallenge

Prop Firms copy-trading - how not to blow up the account and complete the Сhallenge

16 May 2024, 17:33
Sergey Ermolov
0
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In the process of selling my Expert Advisor, the Prop Master, I faced a question that every second buyer asks: “How to avoid account blocking due to suspicion of copying trades?”.

I answer immediately and directly to the point:

1. Set a unique MagicNumber parameter.

This parameter is passed in the trade request to open a trade and is stored in each order that is opened by the Expert Advisor. Magic Number is used for EAs to distinguish orders that were opened by the Expert Advisor from other orders. Thanks to this parameter, several Expert Advisors can trade simultaneously on one account without conflicting with each other.

If you set the Magic Number different from the default value in the EA, the Prop Firm will not be able to compare this value with the values on other accounts to accuse you of copying.

2. Set a unique Order comment parameter.

In order to visually distinguish orders in the trading terminal, most Expert Advisors have the ability to add comments to the order. By the comment you can distinguish between orders placed by different Expert Advisors or orders that you placed manually. This parameter, as well as Magic Number, is stored in the broker's database. Therefore, the comment can be used to make a very quick selection in the database and identify trading accounts with the same Expert Advisor.

Set a unique Order comment parameter and Prop Firm will not be able to easily compare the orders on your account with the orders of the account on which the same Expert Advisor trades.


3. Use several Expert Advisors at the same time.

By adjusting the MagicNumber and Order Comment parameters, you will minimize the likelihood of being accused of copy-trading. There are a huge number of trades in the broker's database, each trade can be opened with a small slippage. This fact will distinguish trades on your account from trades on another account where the same Expert Advisor is working. But if you are still worried about the fact of copying?

Trade several Expert Advisors at the same time. This will diversify the possible losses of one Expert Advisor, increase profitability and guarantee you the difference between trades on your account and trades on the account where the same Expert Advisor is working. You can even install any free Expert Advisor on your account (it may not even be profitable) with minimal risks. This way you will have additional trades on your account and your trading history will be different from the others.


For trading on funded Prop Firms accounts and for passing theСhallenge, I recommend to use my Expert Advisor, the Prop Master:

  • The trading strategy is supported by all Prop Firms
  • Stably make profit
  • Has a drawdown control module

Download the test version and run the tests by yourself to be sure of its validity: