FundedEA designed to assist traders aiming to pass prop firm challenges and manage funded accounts. Prop Firm EA positioned as a “cutting-edge trading system” requiring minimal manual intervention, but a closer look reveals a complex tool with both promise and potential drawbacks.
Core Features & Concerns of Prop Firm EA
- Designed for Prop Firm Environments – The Prop Firm EA is presented as a solution for passing prop firm challenge phases and subsequently managing funded accounts, as well as being usable with live broker accounts.
- Indicator & Customization Focus – Funded EA incorporates five built-in indicators and boasts over 60 customizable inputs, indicating a high degree of user configurability.
- Pending Orders & Grid-Based Risk Management – Testing suggests FundedEA utilizes pending orders to enter trades. When trades move into a negative position, the system appears to employ a grid-like strategy (with adjustable settings) that could resemble a martingale approach.
- Martingale-Like Risk – The observed grid/martingale behavior carries inherent risks. While the settings can be adjusted, users must fully understand the implications of this approach and implement appropriate risk management strategies.
- Hedge Option – A hedge feature is included but is disabled by default and requires user activation and optimization.
- Limited Public Information – The scarcity of detailed documentation or transparent information about the Prop Firm Robots core algorithms is a point of concern. Potential users should proceed with caution and conduct thorough independent testing.
Recommendations
- This EA is specifically designed to operate on Prop Firms, but it can also be used on standard account balances of $1000.
- It works best on Bitcoin, Gold(XAUUSD), and US30. (work on any pair)
- There are optimized set files available for the pairs mentioned above, along with their respective TimeFrames.
