Introduction
Welcome to the world of automated trading with the Prop Firm Edge mt5. Designed specifically for passing Prop Firm challenges and daily trading, this expert advisor leverages high volatility after news releases and the RSI indicator to enter positions. But before you get too excited, let's take a closer look at how to set it up and what you can realistically expect.
Installation and Setup
Installing the Prop Firm Edge mt5 is straightforward, but don't expect it to be a walk in the park. Follow these steps to get started:
- Download the EA from this link.
- Place the EA file in the Experts folder of your MetaTrader 5 directory.
- Restart MetaTrader 5 and attach the EA to your desired chart.
- Enable Allow WebRequest in Tools > Options > Expert Advisors and add the following URLs:
- Configure the input parameters:
- OpenNewSeries: Enable or disable the beginning of a new series of orders.
- StartLots: Set the starting lot size.
- TradeBuy: Allow the advisor to buy.
- TradeSell: Allow the advisor to sell.
- UseHedge: Enable or disable hedge trading.
- UseMoneyManagement: Enable or disable automatic lot calculation.
- AutolotMargin: Set the amount of free margin for opening every 0.01 lots.
- LotMultiplier: Set the lot multiplier for subsequent orders.
User Experience
User reviews are generally positive, but let's not get carried away. Jojo Walker seems lost right after purchasing the EA, asking, just bought your EA what I have to do next to use it. thank you. Not exactly a glowing endorsement of user-friendliness. On the other hand, Seemann243 reports good profits in demo mode, and Shaun Stapleton claims to have passed a $100k challenge in nine trading days. Impressive, but remember, these are individual experiences and not guarantees.
Tips for Improvement
To get the most out of the Prop Firm Edge mt5, consider the following tips:
- Fine-tune the settings: Spend time adjusting the input parameters to match your trading style and risk tolerance.
- Use a VPS: Running the EA on a Virtual Private Server ensures it operates 24/7 without interruptions.
- Monitor performance: Keep an eye on real-time performance metrics and adjust settings as needed.
- Start with a demo account: Test the EA in a demo environment before going live to understand its behavior.
Source Code of Prop Firm Edge mt5
We don't have access to the original source code of the Prop Firm Edge mt5 sold on MQL5, but we can create a code based on its description. This is a sample code from easytradingforum.com, inspired by the description of the Prop Firm Edge mt5. Note that the EASY Trading Team does not sell the Prop Firm Edge mt5; we only provide a code example based on its publicly available description.
Code:
You don't have permission to view the code content. Log in or register now.Download Prop Firm Edge mt5 from Forex Robot EASY Team
For those interested in exploring the Prop Firm Edge mt5 further, you can download it from Forex Robot EASY Team's website. If you have any questions about the code, feel free to ask. Remember, this is just an example code based on the description, and we do not sell the original Prop Firm Edge mt5 robot.