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Rules
Specification
PLEASE ONLY GENUINE APPLICATIONS!
I am looking for a MT5 EA that I can successfully use to pass Prop Firm challenges in reasonable time and successfully trade funded account whilst staying within 4% daily drawdown and 8% max drawdown and profiting ideally 10% or more a month.
The EA must:
1) Be suitable for prop firms
2) Stay within daily drawdown of 4%
3) Stay within max drawdown of 8%
4) Consistently profit 10% plus a month
5) Be reliable
6) A good selection of settings that you can explain to me what they are and how they work incase I need to make adjustments to the EA in the future and also because I can't be making the same trades as other people on prop firms incase they have your EA already so entry, SL and TP need to be able to be controlled in the input settings.
7) Have risk management input settings that I can adjust. For example (not all are necessary):
Lot size
Risk per trade %
SL Pips
TP Pips
TP R:R
Equity protector (Max Daily DD and Max DD settings (desirable)
Trailing stop
8) A RELIABLE news filter from a GOOD source like forexfactory.com or mql5.com where in the input settings I can close all trades and don't open trades X mins before the high impact news time and X mins after the high impact news time and I can adjust the mins before and after to not trade
9) The EA MUST be back testable and prove that the strategy is reliable, consistent and has been working (I hope you can give me optimum settings) and successful for a period of years whilst remaining within the drawdown limits.
10) Come with optimised presets
11) No martingale, no hedge, no HFT (ideally make 1-5 trades a a day at 1% risk)
12) Source code is desirable so I can edit account number and expiry time
13) If no source code then I need unlimited license with no expiry on any account
14) Have myfxbook.com
15) Have an investors login and password
16) Be able to test on demo myself for sometime
I understand that you may not match all of the above criteria but as you know I just need a good reliable MT5 EA that will successfully pass and trade Prop Firm funded account.
Message me explaining what your EA has and doesn't have or you can develop me a new one if you have a proven strategy and we can take it from there.
Thank you in advance!