The DJI Prop MT4, a specialized version for professional trading of the Dow Jones Index (US30), has emerged as a game changer in the realm of Forex trading. This tool particularly caters to PROP firms, which are known for their stringent trading terms.
Trading Parameters
PROP firms usually have specific demands when it comes to trading. These include a maximum drawdown per day of less than 5%, an overall drawdown of less than 10%, a minimum profit of 10% per month, and a leverage ratio of 1:100. The DJI Prop MT4 is designed to work efficiently while adhering to these rules.
Lot Size Calculation
One of the main tasks that this Forex trading robot performs is the calculation of the lot size based on the set risk level. The conditions may vary across different PROP firms. However, the DJI Prop MT4 is versatile enough to adapt to these alterations, ensuring that your trading operations are optimized.
News Filter and Trading Optimization
The DJI Prop MT4 comes with a built-in news filter. This unique feature blocks the opening of deals during the release of significant news, thus helping traders avoid unprofitable tracks during periods of high market volatility. The tool is best used on the M15 chart of the Dow Jones Index: US30.
Compatibility and Minimum Deposit
Regardless of the broker you choose, the DJI Prop MT4 can be used seamlessly. For passing the PROP challenge, a minimum deposit ranging between $5000 and $10000 is required. However, this tool can be used with a smaller deposit from a regular broker, where the drawdown value may be larger due to the lot size being calculated based on the deposit size and the minimum allowable lot.
DJI Prop MT4 Parameters
When it comes to trading with the DJI Prop MT4, traders have several parameters to consider. These include the trade direction, which could be any, buy only, or sell only. Other parameters include the Take Profit Stop Loss, Smart Orders, and Max Orders at a time. The tool also offers a Max Spread Protection feature and an option to pause trading if there is an opposite signal or after receiving a Stop Loss.
Availability and Price
To avoid the influence of mass trading, only 50 copies of the DJI PROP robot will be sold. The final price is set at $5000, but it is subject to increase over time.
Independent Testing and User Feedback
Interested users can watch independent testing of DJI Prop MT4 on the forexroboteasy.com website. They can also subscribe to updates on the results of testing this product. Furthermore, we invite readers to share their own experiences of using DJI Prop MT4. It is important to remember that this is an independent product review and the text has been written in the third person, without any affiliations to the product.
FAQs
Since the DJI Prop MT4 is a relatively new entrant in the financial markets and currency trading, users often have several questions about its operation and performance. This section answers some of the frequently asked questions about this Forex trading tool.
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