Prop Challenger EA

Prop Challenger EA

Prop Challenger EA is based on candlestick formation and trading time. Prop Challenger EA's strategy is to recognize the candlestick formation and position yourself approximately 3 minutes after the New York Stock Exchange opens. The positions that are in plus are accompanied by additional purchases and tight traillingstop! EA was tested in the XAUUSD M5, H1 strategy tester and adapted to this symbol. Experience trading at the highest level. With very small draw-down and the certainty of large losses, algorithm! Please suggest your ideas in discussion. I will implement this as quickly as possible.

This EA offers features:

Test results:

Test results came from Brocker ICMarketsSC MT5 with a leverage of 500.

Recommend:

Time frame: M5, H1

Minimum lots: 0.01

Platform: MetaTrader 5

Minimum deposit: 1000

Leverage: 1:30 up to 1:1000

Account type: Hedging, Zero, Micro, Standard, Premium or ECN

Pairs: XAUUSD

Customizable Settings:

General

• Magic number
• Commentar

Challenge

• Is that a challenge? (false/true)
• Challenge Account Balance
• Minimum Trading Days
• Minimum Position of Day
• Maximum Daily Loss (money)
• Maximum Loss (money)
• Profit Target (money)

Risk- and Moneymanagement

• Slippage (points)
• Max Spread? (points)
• Fixed Lots
• Select Risk
• Multiply volume?

Trading start and end (00:00) Filter

• Trading start period
• Trading end period (Close positions at this time!)

News Filter

• High News no trading?
• No trading minutes before and after high news

Trading days Filter

• Monday
• Tuesday
• Wednesday
• Thursday
• Friday

Panel Setting

• Panell on/off? (true/false)
• Fonts and Design

Parameter:

• Start time 16:33 and end time 16:59 (Adjust in each country!)
• Traillingstop very tight! (Stops level should be ZERO!)
• Negative positions are closed by percentage or candle reversal formation!
• Open positions will be closed at 4:59 p.m. (Adjust in each country!) Is very important for protecting the account! (Because of big spreads!)
• Positive orders are closed percentage (strategy) depending on the risk mode
• Entry strategy: If the current candle closes below the previous low, sell orders are placed and if the current candle closes above the previous high, buy orders are executed
• Subsequent purchases (market) are only carried out in plus (no averaging)!!

Note: Different results can be achieved in the strategy tester with other Brockers! I take no responsibility for this!

I hope you have fun with the EA and good trades!