ForexPen – Download Free Forex EA, Indicators and More for Your Trading Needs

JFX EA – Prop Firm Robot

JFX EA is a Prop Firm Robot that is completely automated and ideal for prop companies like FTMO. It functions with a unique indication. The PropFirm EA’s fundamental structural indicator is also accessible for manual trading if the user would like take a more hands-on approach.

JFK EA works by combining hedging and averaging trading strategies. Hedging is deactivated by default, while Averaging is activated. Users can change these settings, nevertheless, to suit their trading style. If they want JFK EA to trade just one order, they can turn off averaging. For each trading position, users can also specify a take profit (TP), stop loss (SL), and trailing stop, providing for a more personalized trading experience.

Users of the PropFirm EA can experiment with a wide range of settings, allowing traders to find the settings that work best and most profitably for any currency pair. Users can, for instance, determine the optimal stop loss and take profit levels for each currency pair based on their understanding of the typical volatility of each asset.

With this degree of adaptability, traders may tailor their methods to the volatility and market conditions, thereby boosting profits.

Additionally, Prop Firm Robot has a MQL4 Signal account. The screenshots that are given show that the maximum drawdown is a sizable 75%. However, the account has been effectively used for three months despite this large drawdown.

It’s crucial to remember that this substantial decline is primarily due to tiny deposits. The author of the account monitoring trades seven pairings with a deposit of $1,000, however it is advised to deposit at least $500 for each currency pair. This suggests that a $3500 minimum deposit is suggested for trading on seven different pairs.

Recommendations

  • A single pair or FTMO challenge accounts must have a minimum account balance of $500.
  • The best currencies to use are GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD, USDCHF, and NZDUSD. (Assist any couple)
  • Function optimally on H1 TimeFrame. (applicable to any TimeFrame)
  • This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
  • low spread ECN account is also advised (Find the Perfect Broker For You Here).

No Minimum Deposit

ECN Acount

No Commission

Min Deposit of 20$
Allow USA Traders
Levergae up to 1:500

Share:

Facebook
Twitter
Pinterest
LinkedIn

Leave a Reply

Your email address will not be published. Required fields are marked *

On Key

Related Posts

FAN Trading Robot

An automated trading system called the FAN Trading Robot was created to profit from major news stories that cause notable volatility in the currency markets.

AA Forex Robot

The adaptable MT4 Robot Advanced Automated Forex Robot is available for free download. An adaptable algorithm that continuously fine-tunes and optimizes itself forms the basis

SG Forex EA

Specifically built for trading gold (XAUUSD), this SG EA is a fully automated Gold Forex EA. This article delves into the nuances of this EA,

TOP BOTTOM INDICATOR

Top Bottom Indicators provide a major advancement in manual trading tactics by identifying the tops and bottoms of market patterns. This indicator is special since