BEST FTMO EA is a fully automated or manual trading FTMO Challenge EA suitable for prop firms like FTMO. It operates on the principles of two distinctive trading advisors. It employs a unique trading algorithm that includes five trading advisors simultaneously. The EA analyzes five entry points across different timeframes. Depending on the level of risk, it chooses one out of the five to open in the market.
Notably, the EA operates in two modes. The automated trading mode is designed for those who prefer the advisor to open deals and see them through to closing. Alternatively, the manual trading mode is for traders who prefer to open transactions independently according to the signals displayed on the chart and follow the advisor’s conditions and logic.
Moreover, incorporating advanced trading methodologies, such as artificial and neural networks, into the EA’s algorithm propels it to the forefront of innovative trading. It allows for extensive data processing, pattern recognition, and effective forecasting, contributing to swift Forex trading.
Regarding trade management, FTMO Challenge EA methodically goes through five stages – search, analysis, control, entry, and exit. These stages ensure comprehensive coverage and thorough decision-making, contributing to a seamless, full-cycle trading scheme.
On the other hand, the three stages of trading decisions integrate an adapted mathematical model of the Fourier and Laplace transforms. This mathematical modeling lends a unique edge to the trading mechanism, allowing the algorithm to make informed decisions based on mathematical predictions and data analysis.
The BEST FTMO EA incorporates the Martingale strategy, known for increasing trade sizes after each loss. While potentially profitable, this strategy presents significant risk. However, FTMO Challenge EA’s user-friendly visual dashboard lets traders disable it entirely, providing a flexible approach to accommodate varying risk tolerance levels and trading styles in Forex trading.
Please test in a demo account first for at least a week. Also, please familiarize yourself with and understand how FTMO Challenge Robot works, then only use it in a real account.
Recommendations for this FTMO Challenge EA
- Minimum account balance of 1000$ or FTMO challenge accounts.
- It’s designed and trained to work on XAUUSD. (work on any pair)
- Work Best on M5 TimeFrame. (Work on any timeframe.)
- Low Spread ECN account
- Locate Your MT4 Installation Folder: The MT4 path should look like this: C:\Program Files (x86)\XXXX MT4 Client Terminal. If you’re unsure about the location, use the Task Manager to find it. Open Task Manager, locate the MT4 process, right-click and select ‘Properties’ to find the path.
- Now Close your MT4.
- Create a Backup: Before proceeding with any modification, creating a backup of any files that will be replaced is good practice. In this case, locate the existing terminal.exe in your MT4 Installation folder. Then Rename it to terminal-old.exe. This ensures that the original file remains safe in case you need to revert back to it later.
- Copy the New Files: Now, navigate to the Root folder where terminal.exe and msimg32.dll are located, And Copy them to the MT4 Installation folder.
- Now you can Install the EA as any other EA. If you need help, there will be a PDF called “How to install MT4 files”.
Remember, msimg32.dll might be flagged as a threat. It’s not a virus, but if you’re uncertain, consider using a VPS or Virtual Machine. If you are still unsure, you are welcome to skip this EA.
This EA Comes with Settings for FTMO Funded Trader Program, But it also works on other funding programs. We recommend FTMO.
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