Prop Farmers EA

This EA has been overfitted. It will not work in live trading. The creator has not followed a robust optimization process (like Walk Forward analysis). I have backtested a number of EAs by this creator and they are all overfitted. He says he is using dozens of strategies in each EA. Each of those strategies will have a number of parameters. With so many parameters to adjust it is very easy to overfit even to data covering 10 years of trading history. Just do a backtest on a period extending beyond the period reported by the author and you will see how the EA losses money quickly. I spent $99.99 on this EA and it is money thrown down the drain. I cannot use this on live trading. I can only do a beautiful backtest and hang it on my wall with a nice frame.

Returns have been bad, Sorry Michael

Tested over a few months across 2 different brokers through multiple updates but wasn't profitable. Maybe get a few days here and there that it profits but overall slowly drain the account. If anything changes I will update.

I am not convinced for EAs with very few(limited) parameters....nothing could be adjusted... back testing just for fun?

Hopefully, your EAs could be worked on real.....or....let's see what will be the outcome.

The backtest looks great at first glance, but has been steadily declining since January of this year. It seems that they have recently changed the logic significantly by upgrading the version, but the results are not good there either. The author's response is quick and good, but the EA seems to be focused on controlling the backtest results.

Currently being tested on Activestrade

I tested this EA now several weeks on several accounts... All EAs from this seller look fantastic in backtest, but unfortunately the results in forward testing are really bad so far. Michael obviously is really very supportive and tries to improve his EAs, but for now I cannot give a better rating, sorry. I will continue to test this and other EAs from this seller and for sure will upgrade my rating should there be an improvement.

Although optimisation is not available yet (i believe the author is working on it) the candles testing (visual) shows a lot of promise. Although candle testing differs from broker to broker, tha fact that this is a very well thought of EA very simple and clear and to the point. The graph is not showing stable results all the way through the end, however as this is more a prop passing EA this should not be an issue at by half way to the end the target profit has been passed easily and way above the mark. Which means the EA did its job and you don't need it until the next phase or when you start the funded account. I which case before you start you should experiment a bit more for more consistent and conservative profit result as you are now in for the long run. This is where the optimisation would be even more helpful and the author most likely will have ready at some point soon. I really like this EA for its simplicity, directness, account protection and very focused trading strategies combination. Dont know yet if it is a complete set and forget as i m very sceptical if such a thing exist in the first place. However this is a very good value for money and very useful tool proving that if you stick to the system you don't need thousands and thousands worth of tools to be successful. Just need to look and support the authors community where you can find gems like this.

The system started operating on a real account this week. I am looking forward to seeing how profitable this EA will be in the future. I will review it again when more time has passed. As for customer support, sometimes he is slow to reply or don't reply, probably because he is busy. All the answers are honest and excellent!!

I have to say: WOW!!! I am using this EA for 4 days and it made me about 250 USD profit with lot of 0.01! For being honest, I let this EA work… maximum trades 100, lot size 0.01 only! I am amazed!

I have been actively involved in the stock market for 20 years, trading both manually and automatically. I have tried several EAs here on MQL5, and unfortunately, many of the experiences I've had with them were negative. Since then, I have been very critical when it comes to automated trading. However, I am also fair, and if there is a good product, I rate it accordingly. This EA is a good product and finally delivers what it promises. Moreover, Michael's customer support is truly excellent. Certainly, there may be slight opportunities for improvement in the EA itself, but that is entirely okay, and every product takes time to evolve. I have been running the EA on a live account for over 2 months now, and the performance has been really good so far. Another reason is the more than fair price. For such an EA, you would otherwise pay at least 500-1000 euros on MQL5. My current conclusion for this EA: The price/performance ratio is truly outstanding, and the performance so far is more than solid. I recommend every user to give this EA a chance. If anything changes negatively in the future regarding performance or support, I will update my review. However, currently, I rate this EA+Support with 5 stars. Good JOB!

This EA does indeed kick asses. Bump bump bump! Who's next? It seems like this one, along with Rip Tide EA (NZDUSD) and Prop Masters (GBPUSD) would make a hell of terrific trio!

This bot is amazing for now, no loss, started small too, initially with 300 now i added some funds and running on 1000. Micheal was very responsive with my first message, I am still waiting on his response to understand better the parameters of protecting the investment , in particular Max daily loss "currency" . UPDATE, lost 8% in two weeks. The bot aims for the stop loss relentlessly. Can't seem to make any profit for now. After a good start, well, it's draining the account. Michael is already on top of this to fix the issue, which makes him better than any other developer in the game! hopefully I will be able to recover from this loss with Prop Farmers, will update you guys here

Bot is running pretty well.

I have tested the Prop Farmers bot and am currently doing a 100k challenge with it, I can only say that it is the best bot you could wish for. The maximum drawdown is 1.8% and the maximum account decline is 3% with a stake of 1.0 lot. With these settings, the bot has a performance of around 10% per month continuously without fluctuations, which is very important for challenges. I run it in the Eurusd 1 hour and can't imagine a better bot. Here you do everything right when purchasing. I would like to thank you very much for this incredible opportunity to get through the challenges so confidently in a very short time. The daily loss that you can set ensures that you can use the entire loss limit because the bot automatically closes the trades as soon as the set daily loss has been exceeded. A masterpiece in all respects, thank you very much!!