Traversing the intricate path of Forex Trading can be daunting, hence the need for a reliable Trading Advisor. Amongst the plethora of advisors available in the market, one that stands out is Prop Firm Edge. This advisor has been specifically tailored to navigate Prop Firm challenges and to facilitate daily trading on any account.

Trading Mechanism and Strategy

Prop Firm Edge employs a unique combination of high volatility after news releases and the RSI indicator for position entry. This approach leverages the impact of news on market trends, thus providing a competitive edge. It’s worthy to note that due to its news-based trading mechanism, this advisor cannot be tested in strategy testers.

Software Configuration and Settings

To ensure seamless operation, it is crucial to set the WorkMode settings to mode_Real and permit the Expert Advisor to connect to news websites. Once these settings are in place, the EA will source news from the specified websites.

The advisor offers an array of customizable settings to suit individual trading preferences. These include the option to start new series of orders, adjust the starting lot, and control the ability of the advisor to buy or sell. The advisor can also trade in both directions (buy and sell), with the provision to use automatic lot calculation (Money Management).

Advanced Features

Prop Firm Edge comes with sophisticated features such as a drawdown reduction algorithm, which is activated when the last order with profit is closed with the first order series with a loss. This algorithm can be adjusted based on the order number and the desired profit percentage.

The advisor also assigns a special number (Magic) to its orders, providing a unique identifier for each trade. Furthermore, it allows dynamic distance between orders and has the capacity to adjust the maximum lot and spread.

Experience Real-Time Results

Real-time results demonstrating the performance of Prop Firm Edge can be viewed at forexroboteasy.com. This independent testing allows individuals to gauge the effectiveness of the product before proceeding with a purchase. Subscriptions for updates on the product’s testing results are also available.

FAQ

Can Prop Firm Edge be used for daily trading?

Yes, the Prop Firm Edge advisor is designed to be used for daily trading on any account.

Can the advisor be tested in the strategy tester?

No, due to its news-based trading mechanism, the advisor cannot be tested in the strategy tester.

What if I want the advisor to trade in both directions?

The advisor can be configured to trade in both directions (buy and sell) by adjusting its settings.

We invite readers who have experience using the Prop Firm Edge to share their insights and experiences. This product review is independent and does not represent any affiliations. Our sole aim is to provide an unbiased evaluation to assist potential users in making an informed decision.