Prop Firm Challenger MT4

Complete Prop Firm broker challenges easily and automatically using our Prop Firm Challenger expert advisor.


Simply attach the EA to a chart and let it do its job.


The EA works only on recommended broker FXTM: https://forextime.com

For the first 5 buyers, the price of the advisor will be only $149.99. Later, the price will increase to $7899.99.

Description:

The Expert Advisor allows you to quickly complete any Prop Firm task with low drawdown and in a very short time. The Expert Advisor uses one of the most popular market-making strategies, opening order grids at key levels and taking profits when a certain profit level is reached.

The Expert Advisor performs well both over the long term and serves as a good tool for quickly building up your deposit when the news cycle is low.


How to use:


1) Attach the expert advisor to any forex/crypto/index pair such as AUD/USD, XAU/USD, BTC/USD or SPX500

2) For Forex pairs, we recommend enabling the news filter to prevent trades before important news releases.

You must allow 'WebRequest' in options and add this link:
http://ec.forexprostools.com/?columns=exc_currency,exc_importance&importance=1,2,3&calType=week&timeZone=15&lang=1
"

3) Optimize your risks for the duration of the challenge.


Requirements:

Currency pair: FOREX (AUDNZD, XAUUSD), INDEXES (SPX500, US30, GER50), CRYPTO (BTC, ETH, SOL).

Timeframe: M5 (works on higher timeframes as well)

Minimum deposit : $100

Account type: ECN, Raw, and any other similar account. 👉Recommended broker forextime.com/?Referral=38370

VPS: Any reliable vps with low ping times and reliable connection to the servers of your broker.


Recommendations:


▪︎ Trade only when there is no important news.
▪︎ On quiet days, risks may be higher than optimal.
▪︎ For small deposits and quick buildups, shorter timeframes such as M1-M15 are recommended.


Settings:

  • Order comment/Order magic number - numerical and text identifier for the EA's orders.
  • Fixed lot/Auto lot size/Initial lot/Per balance - fixed lot, automatic lot calculation mode based on a specified balance amount for the initial lot.
  • Minimum distance between orders in pips - minimum distance between orders in pips.
  • Close all orders at pips profit/Close all orders at pips profit - close all orders when the total profit or loss in pips reaches a certain value.
  • Close all orders at % profit/Close all orders at % loss - close all orders when the total profit or loss reaches a certain percentage.
  • Use martingale - activates martingale. When martingale is enabled, the EA will increase the lot size for each new open grid trade.
  • Lot increase after n orders/Lot multiplier - the value of lot increase after a certain number of orders when martingale is enabled.
  • Minimum pips profit - minimum required profit in pips for a grid to be closed
  • News Filter - If this feature is enabled, it limits the ability of the Expert Advisor to open new orders before and after low/high/medium news releases in minutes.

Recommendations:

Risk is determined not only by the "Money Management" parameter values, but also by the settings specified in "Order Management".

The smaller the distance between orders, the more often the grid will close in profit. However, in special cases (historically, such instances have only occurred twice), the grid can cause a significant drawdown if the parameter "Close all orders at pips loss" is not used or the set risks are to high.


Therefore, it is recommended to use either the standard parameters. And for aggressive trading (say, an M1 chart and a distance between orders of 10 pips), use the  "Close all orders at pips loss" parameter to close orders at a certain drawdown to protect capital.

Be sure to use a news filter for forex pairs. This is the only way to protect yourself from high volatility in financial markets.
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    Profalgo Limited
    5 (5)
    Experts
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    Stanislav Tomilov
    4.93 (45)
    Experts
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    Konstantin Kulikov
    5 (1)
    Experts
    Trust EA   is a real trader's tool, working on a clear principle, with its advantages and disadvantages, so it will not suit everyone, but for some users it can become the best trading robot. * Write to me if you would like to purchase a complete set of experts at a special price. * Discuss the complexities of Forex trading here:  chat "Age of Expert Advisors" . Logic I have been working with algorithmic trading systems since 2015, and in my experience, systems with a small StopLoss size are ca
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    Jorge Niz
    Experts
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    Stanislav Tomilov
    4.67 (15)
    Experts
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    Stefano Frisetti
    Experts
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    Profalgo Limited
    5 (4)
    Experts
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    Stefano Frisetti
    Experts
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    Profalgo Limited
    4.67 (3)
    Experts
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    Profalgo Limited
    5 (5)
    Experts
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    Quantum Nexus MT4
    Farell Edson Mazarin
    Experts
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    Tom Seljakin
    3.75 (4)
    Indicatori
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    Candle Breakout Expert Advisor
    Tom Seljakin
    Experts
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    Tom Seljakin
    Utilità
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    Classic Fractal Scalper
    Tom Seljakin
    Experts
    The open tool of the most popular strategy on MQL5 'Breakout of High/Low' points. Developed by professional traders with overall 12 years of experience! Classic Fractal Scalper   is an EA tool based on the popular strategy of breakout of custom fractals. The user can set the range of a fractal, the number traded fractals and the offset points from the fractal points. The EA trades with stop-orders and then they are activated the EA manages them. The EA has a rich set of tools. It writes statis
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    Tom Seljakin
    4 (1)
    Indicatori
    The Omega Point indicator uses a complex multilayered system that is used by the top world traders which helps to determine the beginning of trends that are highly likely to last for a long time. The system uses several complex trend calculation modes, due to which the indicator adapts to the specifications of different currency pairs, and is suitable for both conservative and aggressive trading. The indicator makes the necessary calculations and shows important information about how the trade
    Master Point Indicator
    Tom Seljakin
    5 (1)
    Indicatori
    Master Point is an indicator set that includes the most powerful and necessary tools for a trader, giving that very edge in the markets to be successful. An indicator that has an elegant and complete system that works very well in all markets (Forex, Crypto, Stocks, Indices) helps to find the best reversal points. It has tools such as trend reversal detection, pivot points, divergences, currency strength and 'candle strength'. All this makes the indicator a complete tool that does not require a
    Reverence Gold Ultimate EA
    Tom Seljakin
    Experts
    Reverence Gold EA is a portfolio of advanced gold strategies that are made up of systems that have proven to be stable and profitable. The EA uses improved versions of the classic breakout, trend reversal, swing trading, and price action setup. All of these systems create a smooth yield curve, and make it easy to get through periods of economic and political turbulence. This system is specially designed for those who are serious about investments and want to increase their capital. The basis of
    Simple Grid Master
    Tom Seljakin
    Experts
    Simple grid master  is a trading tool for trading reversals with help of grid and martingale style. The EA uses for entry into the markets such indicators as: Bollinger Bands, Ozymandias, Moving Average, Williams Percent Range, Stochastic, MACD. You can select which indicators will be used for entries, customize martingale and grid settings to your liking, use additional filters (time filters, order distances, etc.) for more accurate entries. The most important that the EA is constantly improvi
    Quantum Incinerator
    Tom Seljakin
    Experts
    Quantum Incinerator EA is the exact the EA you were waiting for. Developed by professional traders with overall 12 years of experience who are ready to show you what a real high frequency EA should be! Quantum Incinerator EA is special kind of EA that utilizes fractal based support and resistance strategy in order to utilize dynamics of the market in a profitable way. And although the adviser uses a minimum of settings for your convenience, 'do not judge a book by it's cover', the EA is an absol
    Occult Black Gold Strategy
    Tom Seljakin
    Experts
    A legendary strategy for GOLD, CRYPTO, INDEXES from renowned FX market-makers now available for retail traders. One of the most effective "Set and Forget" EAs with long-term positive results. PROMO! For the first buyers will recieve for free ' Quantum Incinerator ' and  ' Reverence EA ' Occult-black Gold Strategy EA for those who want to maximize profits from long-term markets such as Metals, Crypto, Indices. The EA operates on the advanced mathematical algorithms of in-house market-makers (also
    Neuro Scalper
    Tom Seljakin
    Indicatori
    ''A professional trader is a greedy trader: he buys at lows and sells at highs with minimal risks and high returns,, Neuro Scalper   is developed exactly for such trading approach .   It's a universal indicator for tracking reversals and uses price action patterns, discrepancy of custom indicators and a multi-layered formula for identifying reversal structures. The indicator is very easy to use; it only shows arrows where is recommended to buy or sell. The indicator is universal and suitable f
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