Best EA For FTMO Challenge - Free Download MT4 Version (2024)

Contents

1Best EA For FTMO Challenge Review

2Best Brokers List

3Setting Of the EA FTMO Challenge

5Download The Best EA For FTMO Challenge

5.1Best-EA-For-FTMO-Challenge

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Best EA For FTMO Challenge Review

The Best EA For FTMO Challenge is a Multi-use EA that can be used for short-term gains/withdrawals and can be used as a long-term EA to compound/grow your money, as well as to help you complete Prop Firm challenges.

One of the most advanced automatic Forex EA. The Best EA For FTMO Challenge-EA introduces a game-changing trading method with low drawdowns and high profits. When enabled, EA has an Equity Setting (SL) and a News Filter Option, which means that our EA will cancel all trades exactly before any High Impact News is issued!! Forex wiki is excited to provide this trading robot since it can assist traders in completing Prop Firm Challenges.

Platform: MT4
Currency Pair: Ethereum / GOLD / US30
Trading Time: All sessions

Minimum Starting Balance: 500 (Cents Account)
Recommended Starting Balance: 10000$+ The more you can start with the better
Leverage: You can try any (1:100 recommended)
Account Type: Compatible with any account type but a zero/raw spreads account is recommended for optimal results. Create a Cent account for Deposits of 10000$ or less.
⭐️ Grade: B / ★★★✩

Best Brokers List

The Best EA For FTMO Challenge works with any broker and any type of account, but we recommend our clients to use one of the top forex brokers listed below:

BROKER NAMEREGISTERYear Founded Headquartered LeverageMinimum Deposit Regulating
Register2007

🇦🇺 Australia

🇨🇾 Cyprus

🇧🇸 The Bahamas

🇸🇿 Seychelles

1:1000$200ASIC, SCB, FSA
Register2008

🇨🇾 Cyprus

1:Unlimited$10CySEC, FCA, FSCA, FSA, BVI
Register2009

🇧🇿 Belize

1:2000$10FSC
Register2009

🇧🇿 Belize

1:3000$1IFCS
Register2009

🇨🇾 Cyprus

🇦🇺 Australia

🇧🇿 Belize

🇦🇪 Emirates

1:1000$5 ASIC, CySEC , IFSC
Register2010

🇦🇺 Australia

1:500$200FCA , ASIC, DFSA
Register2011

🇬🇧 England

1:500$25CySEC
Register2006

🇪🇭 Ireland

1:400 $100CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Setting Of the EA FTMO Challenge

Recommended settings/Inputs to be changed in the Ai:
Lot Size: Set lot size to a number specific to you. (Example: 0.1325)
Use Equity Stop? True
Total % Risk to Equity Stop: (Set to preferred Percentage of drawdown you’re willing to risk before EA closes all trades and shuts down.
Magic Numbers: Set Magic numbers A and B to a number special to you. Must be from 4-6 digits.
Magic numbers A and B must be different.
-Remove EA and Close Chart Make sure is set to TRUE if you want SL to remove your EA if the drawdown percentage is hit.
-InpUtilizeTimeFilter: Set to False. (This way the Ai will work when you want it to by clicking AUTO-TRADING)
Max Spread: 2400 (This will let your Ai trade with any spreads)

Result of Best EA For FTMO Challenge

The bot works great trading Gold (XAU). I've tested it out and it works if you follow their instructions and also if the market conditions are in the bot's favor.

It has the potential to pass prop firm challenges but I see this bot works more wonders when you trade it on your own account where you can take on a bigger drawdown without worrying about losing a challenge and be very profitable.

Note: This EA has the potential to trade any pair, but this is our recommended pair and the best pair we have found, and the only pair that we currently use. If you want to venture out and try other pairs, that is entirely up to you.

However, if you venture out and use other pairs and your results are negative that is entirely on you. We have nothing to do with that.

Download The Best EA For FTMO Challenge

We have updated the download link. (14/07/2022)

-If doing a Prop Firm Challenge is important you keep watch of your negative percentage as you might need to close trades manually.
IMPORTANT:
• Please ONLY use EA on Asian Session (18:00 to 12:00 GMT-5) time for best results.
• AVOID major news impacting USD

We highly recommend trying the Best EA For FTMO Challenge for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

Best-EA-For-FTMO-Challenge

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Best EA For FTMO Challenge - Free Download MT4 Version (2024)

FAQs

Can I use EA for FTMO challenge? ›

Be informed that EAs are allowed at FTMO. We do not interfere nor give advice on that, we just want to make sure traders understand the maximum allocation per trader/strategy of 400 000$.

Can I get a free FTMO challenge? ›

The Free Trial is available in all variations of our FTMO Challenge and clients can use it to see if their strategy would successfully pass the FTMO Challenge and Verification in the future.

Does FTMO work on MT4? ›

It works in the MetaTrader 4, MetaTrader 5 and cTrader platforms.

Can I use EA on MT4? ›

For most traders, EAs are primarily used for forex trading. But you can use them to trade any market that's available on your MT4. If you're an IG client, for example, you can use an EA to trade forex, indices, cryptocurrencies and commodities on an enhanced MT4.

What is the most powerful MT4 indicator? ›

What are the most accurate MT4 indicators? The Moving Average (MA), Relative Strength Index (RSI), Bollinger Bands and Moving Average Convergence Divergence (MACD) are among the most accurate MT4 trading indicators.

What is the best platform for FTMO challenge? ›

Some popular platforms among traders include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView. The choice of platform will depend on your trading style, experience level, and the specific requirements of the FTMO challenge.

Which broker does FTMO use? ›

MetaTrader is the most widely used program among forex traders, and that applies to FTMO traders as well. The program's environment is intuitive and straightforward, however, its modifiability gives modders space to make it even better and user-friendly.

Can my broker see my EA? ›

Yes, most of the brokers will know if you are using EA on your MT4 account.

Did FTMO ban US traders? ›

In what appears to be related to the latest MetaQuotes crackdown on the proprietary trading landscape, prop firm FTMO has stopped onboarding US clients, Finance Magnates has learned. New traders attempting to register from a US IP address were unable to complete the registration form.

What percentage of traders pass the FTMO challenge? ›

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.

How many times can I do the FTMO free trial? ›

In the Free Trial, you will also have the possibility to test some of our Trading Applications and you will also receive a shortened analysis version of your performance in the Free Trial. You can retake your Free Trial as many times as you want to make sure you are fully prepared for an FTMO Challenge.

Can I use TradingView for FTMO? ›

In addition to the most popular trading applications offered by FTMO to its clients, the TradingView website, which is also very popular among traders, offers an interesting analytical service.

Does FTMO really pay? ›

Even though FTMO Traders trade with fictitious capital only, they are entitled to obtain a reward in the form of real money if they can generate “profit” on an FTMO Account.

Which MT4 platform is best? ›

Reviewing the Best Brokers for MT4
  • Vantage Markets – Overall Best MT4 Broker in 2024. ...
  • AvaTrade – Established MT4 Broker Licensed in 9 Jurisdictions. ...
  • XTB – Popular MetaTrader 4 Broker in 2024. ...
  • Trade Nation – Zero-Spread MetaTrader 4 Broker With Competitive Commissions.
Apr 17, 2024

What is the best custom indicator for MT4? ›

Popular MT4 indicators for technical analysis
  • Moving Average Convergence Divergence (MACD) MACD is a widely used custom indicator that helps traders identify potential trend reversals and generate buy or sell signals. ...
  • Bollinger Bands. ...
  • Relative Strength Index (RSI) ...
  • Fibonacci Retracement. ...
  • Ichimoku Kinko Hyo.
Mar 4, 2024

What is the best profitable indicator in MT4? ›

The top FX MT4 indicators - Key takeaways
  • Moving Average Convergence/Divergence (MACD)
  • Stochastic oscillator.
  • Bulls/Bears powers.
Nov 12, 2023

What is the best forex trading robot available today? ›

Top 10 Best Forex Trading Robots: Check the List
  • MetaTrader 4 (MT4) Listed as the most popular trading platform, MetaTrader 4 is widely popular. ...
  • MetaTrader 5 (MT5) ...
  • WallStreet Forex Robot 2.0 Evolution. ...
  • Forex Flex EA. ...
  • Forex Diamond EA. ...
  • FXStabilizer EA. ...
  • Forex Fury. ...
  • Forex Gold Investor.
Mar 20, 2024

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