The popularity of Prop Trading continues to grow and due to the lack of real experience among novice traders, the question of Prop Firms that allow EA is becoming increasingly relevant. That is, the best way for You is to find a Prop Firm that allows automatic Prop trading and install a trading bot on its platform to make profits automatically. Accordingly, it is important to find a good Prop Firm EA. In general, we will describe everything about this in this article.
Prop Firms that allow EA
So, there are many Prop Firms that allow EA, over 80% of them. Therefore, if you want to engage in automated prop trading, finding a Prop Firm for this will be no trouble at all. If you don't know where to look for a good prop company or which firms allow automated trading, quickly visit our rating – we've described everything briefly and beautifully there. Read and enjoy! The Prop Firms rating is here.
Ok, above you can see a large list of Prop Firms that allow EA. However, that's not all. Many prop companies add additional terms and conditions (Prop Firm rules). For example, using or not martingale, using or not Stop Loss orders or transferring trading positions over the weekend... As a result, you need to choose not only a Prop company for automatic prop trading, but also a trading robot that must use an appropriate trading strategy.
Prop Firm EAs that use martingale:
So, these are the best Prop Firm EAs that use the martingale strategy. And we can assure you that Martingale is the best way to pass the Evaluation Challenge. Despite the fact that this Prop Trading software uses dangerous money management (martingale), at the same time it allows you to achieve excellent results as quickly as possible. If you use a small amount of trading risk, then you can easily keep your bot within the maximum drawdown of 5% and not worry about breaking Prop Firm rules.
In simple words, Prop Firm EA which uses martingale is dangerous, but also effective. You can use such ea for prop firms without fear if you set a minimum trading lot size for them.
Prop Firm EAs that use Stop Loss (without Martingale):
If you need a super reliable ea to pass prop firm challenge that is guaranteed to trade as safely as possible and will not exceed the maximum trading drawdown level of 5%, and in the future will be suitable for the stage of funded prop trading, then choose Prop Firm EA without martingale, namely a trading bot, which protects each transaction with a Stop Loss order. Here is a list of such expert advisors that you can find on our website:
Why is Scalping not suitable for prop trading?
About 90% of existing Prop Firms provide their clients with trading conditions that are not suitable for scalping. Accordingly, expert advisers-scalpers are suitable only for some proprietary firms.
What is scalping?
Scalping trading is a financial strategy used primarily in forex and stock markets, where traders make numerous trades throughout the day aiming to profit from small price changes. Scalpers hold their positions for a very short time, often just a few minutes or even seconds, capitalizing on quick, small gains. This method requires fast decision-making and continuous market analysis. Scalping is known for its high speed and frequency, demanding a significant amount of attention and discipline from the trader.
The problem is that most prop firms provide their traders with conditions that do not meet the requirements of scalping. Accordingly, if you use a scalper expert advisor, you will not get the expected result. If you need an ea to pass prop firm challenge, then don't choose scalpers! Take a different type of automated prop trading strategy.
Thus, if you are looking for an EA to pass Prop Firm Challenge, then avoid scalpers. It’s better to take a good martingale, or even better, an expert advisor that uses Stop Loss.