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PropFX (By PropFX)

Gain : +11.19%
Drawdown 25.75%
Pips: 911.0
Trades 153
Won:
Lost:
Type: Demo
Leverage: 1:50
Trading: Automated

PropFX Discussion

PropFX (PropFX)
Mar 29 2020 at 19:13
2 posts
Completely automated EA where risk and money management is calculated and controlled.

spanishtrader799
Mar 30 2020 at 12:55
19 posts
PropFX posted:
Completely automated EA where risk and money management is calculated and controlled.


can you tell me more about this system?

PropFX (PropFX)
Mar 30 2020 at 14:43
2 posts
This account is run completely by an EA for all entry sizing, risk management, and exit management. The system is designed to evaluate all of the majors and their crosses for a total of 28 pairs. The EA makes all decisions on pure technical analysis and is based on daily candles only and is not a scalper. The risk profile changes based on certain conditions but at maximum the EA will not risk more than 2% per trade. The system accumulates small wins that cancel out small losses while letting the big winners run. There is no attempted martingale, trade repair strategy, or hedging involved. In time, those processes are doomed to fail because of poor money management and ultra high risk. Consistency is the key for this EA. This account is used as a seed account for multiple live accounts.



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