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For those in the Forex Trading sphere, the Prop Firm Pass EA, also known as the Funding Challenge Pass EA, is a significant tool. Designed for optimal performance, this software is specifically tweaked to pass proprietary firm challenges, such as those posed by FTMO, My Forex Funds, and E8 Funding, among others.
Performance Analysis of Prop Firm Pass EA
Since its inception at the start of 2022, this Forex Software has undergone rigorous testing each month. Out of the 14 months it has been tested, it has excelled in 12, falling short in just 2. This commendable success rate speaks volumes about its efficacy, demonstrating its utility for Successful Trading in the Forex Market. The software’s key strategy lies in capitalizing on small breakouts, winning often, even if the gains are minimal. This approach ensures a high win rate and keeps the drawdown low, making it particularly suitable for prop firm challenges.
Technical Requirements and Recommendations
The Prop Firm Pass EA is compatible solely with the Metatrader 5 platform. To guarantee smooth operation without any connection interruptions, it is advisable to use a VPS (Virtual Private Server). Additionally, it is recommended to opt for a low spread (RAW) brokerage account, as tight spreads are essential for this Expert Advisor.
Optimized Settings for the Funding Challenge
Users can find the optimized settings for the funding challenge below:
- Pair: USDJPY ONLY
- Timeframe: H1
- SizeOfPullback: 10
- Expiration: 24
- Lots: 0
- RiskPerTradeInPercentage: 2/3%
- MinimumDistance: 0
- TakeProfit: 150
- StopLoss: 150
- TrailingSLActivate: 35
- TrailingSL: 5
Before using these settings on a live account, they should be tested on a demo account or a strategy tester first. This precautionary measure ensures the settings’ compatibility with the user’s trading preferences and risk tolerance.
Independent Testing and Updates
For those interested in seeing the Prop Firm Pass EA in action, independent testing of the product can be found on the forexroboteasy.com website. Furthermore, users can subscribe to updates on the testing results of this product. This enables traders to stay informed about the product’s performance and make well-informed decisions about its use.
FAQ Section
- What is the Prop Firm Pass EA?
- The Prop Firm Pass EA is an optimized Forex software designed to pass prop firm challenges.
- What platforms are compatible with the Prop Firm Pass EA?
- The Prop Firm Pass EA is compatible only with Metatrader 5.
- What are the optimized settings for the funding challenge?
- The optimized settings include Pair: USDJPY ONLY, Timeframe: H1, SizeOfPullback: 10, Expiration: 24, Lots: 0, RiskPerTradeInPercentage: 2/3%, MinimumDistance: 0, TakeProfit: 150, StopLoss: 150, TrailingSLActivate: 35, TrailingSL: 5.
- Where can I find independent testing of the Prop Firm Pass EA?
- Independent testing of this product can be found on the forexroboteasy.com website.
In conclusion, this independent review of the Prop Firm Pass EA provides an in-depth analysis of this Forex Software, its performance, technical requirements, optimized settings, and where to find independent testing. Users are encouraged to share their experiences and insights about this product for the benefit of the trading community.
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