Prop Buying and selling – Buying and selling Methods – 5 October 2023

https://www.mql5.com/en/market/product/74421

The commonest query I get about HFT Hacker EA is can it cross a prop agency problem. Stear clear from EA’s claiming passing in minutes or a day.  No legit agency or dealer permits this. 

First the problem, 

FTMO Swing account kind

The FTMO Problem is a two-step analysis course of that FTMO makes use of to evaluate the buying and selling abilities of potential merchants. Step one is the FTMO Problem, which is a simulated buying and selling account that merchants can use to show their buying and selling abilities and self-discipline. The second step is the Verification, which is a reside buying and selling account that merchants can use to earn as much as 90% of their income.

To cross the FTMO Problem, merchants should meet the next buying and selling aims:

  • Revenue goal: 10% revenue on the preliminary account stability
  • Most drawdown: 5% of the preliminary account stability
  • Each day loss restrict: 2% of the preliminary account stability

Merchants have a limiteless period of time to finish the FTMO Problem, however they need to cross the entire buying and selling aims inside 30 days of beginning the problem.

If a dealer passes the FTMO Problem, they are going to then be eligible to take part within the Verification. The Verification is a reside buying and selling account that’s funded by FTMO. Merchants should commerce the Verification account for at the very least 30 days and meet the identical buying and selling aims because the FTMO Problem. If a dealer passes the Verification, they are going to be provided a funded FTMO account.

The FTMO Problem is a difficult analysis course of, however it’s a nice alternative for merchants to show their abilities and earn a residing buying and selling the markets.

Listed here are some ideas for passing the FTMO Problem:

  • Have a buying and selling plan. A buying and selling plan is a algorithm that you’ll comply with when buying and selling. Your buying and selling plan ought to embrace your entry and exit standards, in addition to your danger administration guidelines.
  • Be disciplined. It is very important comply with your buying and selling plan, even when it’s troublesome. This implies not overtrading, not revenge buying and selling, and never chopping your winners quick.
  • Use correct danger administration. Danger administration is an important facet of buying and selling. It is best to by no means danger greater than you possibly can afford to lose on a single commerce.
  • Be affected person. It takes time and apply to turn into a profitable dealer. Do not count on to cross the FTMO Problem in your first strive.

Let’s examine if HFT Hacker may cross:    https://www.mql5.com/en/indicators/1974138

Over 1300 trades with numerous quantities of margin and a number of pairs, traded inconsistently over 18 weeks. 

HFT Hacker has a 95.27%-win price and a revenue issue of two.95. Which means the sign may be very worthwhile, however it’s also vital to notice that there’s nonetheless a 4.73% probability of shedding a commerce.

The FTMO Problem requires merchants to attain a ten% revenue goal with a most drawdown of 5%. The sign you could have supplied has a 95.27% win price and a revenue issue of two.95. Which means the sign may be very worthwhile, however it’s also vital to notice that there’s nonetheless a 4.73% probability of shedding a commerce.

The sign has the potential to cross the FTMO Problem. Nevertheless, it is very important notice that there are different elements that may have an effect on the end result of the problem, such because the dealer’s danger administration abilities and the market circumstances.

Listed here are some ideas for passing the FTMO Problem with this sign:

  • Use correct danger administration. By no means danger greater than you possibly can afford to lose on a single commerce.
  • Be disciplined. Comply with your buying and selling plan, even when it’s troublesome.
  • Be affected person. It takes time and apply to turn into a profitable dealer. Do not count on to cross the FTMO Problem in your first strive.

Right here is an instance of how you could possibly use correct danger administration with this sign:

  • Assume that you’ve got a $10,000 account.
  • You resolve to danger 1% of your account stability on every commerce.
  • Which means you’d danger $100 on every commerce.
  • If the sign offers you a purchase sign, you’d purchase $100 value of the asset.
  • If the sign offers you a promote sign, you’d promote $100 value of the asset.
  • You’d then place a cease loss order 1% beneath your entry value.
  • If the commerce goes in opposition to you and hits your cease loss order, you’d lose $100.
  • If the commerce goes in your favor and reaches your revenue goal, you’d take income.

Conclusion:

It might be doable, should you use your individual optimization inputs and personal information of FX.  The whole lot is hypothetical and none of that is recommendation, it’s simply to research the probabilities, of utilizing the EA to cross a prop buying and selling problem.   You should do your individual analysis and due diligence.