EAs no longer work with prop firms, solution?

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Viewing 12 posts - 16 through 27 (of 27 total)
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  • #253056
    pratik cource
    Participant

    Which copier is good can you pls suggest me.. I want to copy mt4 to c trader 

    #253097
    Alan Northam
    Participant

    Hi pratik,

    I don’t have any experience with trade copiers so I cannot recommend one.

    Alan,

    #253873
    shlangster
    Participant

    I use the copier from http://dxcopier.net . 1 month – no failures so far. It is limited to 2 mt accounts though, but I can run unlimited instances on one account and configure them to copy to different dxtrade accounts.

    #254854
    Muhammad Usama
    Participant

    Hey Alan. I am currently thinking of buying a 100k ftmo challenge along with an EA (costing about 1200$) developed by one of my mentors who teaches the SRC strategy. Since I’m currently in Pakistan where we’ve got no issue yet with regards to mt4/5, my only concern remains the fear of 3rd party breach that I believe must’ve also occured with Petko (Although I’m confident that the EA I’m looking to use is not very public). Could you kindly pitch me in on the current situation of ftmo with EA’s and if your suggestion of slightly changing tp/sl level and magic number of EA still stands?

    #255328
    pratik cource
    Participant

    If I send trades to DX traders from MT4, will the prop firms company come to know that he is using a tarder copier?

    shlangster

    #255332
    Alan Northam
    Participant

    Hi pratik,

    As far as I know most prop firms allow you to use a trade copier as long as you are copy trading your own EAs from your forex broker.  What they don’t accept is for you to be using trade signals from a third party.  Ask your prop firm if it is OK for you to copy trades from your own brokerage account.

    Alan,

    #255333
    Alan Northam
    Participant

    Hi shlangster,

    I am happy to hear you are having success using a dxtrade copier.

    Alan,

    #453774
    David
    Participant

    Hola Alan, respecto a tu respuesta a hemmy sabes si aún sigue vigente para FTMO?

    #453776
    David
    Participant

    Hi Alan, regarding your response to hemmy, do you know if it’s still valid for FTMO?

    #454015
    Alan Northam
    Participant

    Hi David,

    Sorry I do not know.  I am in the United States and FTMO has not allowed US traders for quite some time.  I have been spending my time trading my own accounts using US forex brokers.

    Alan,

    #454019
    David
    Participant

    Alan, But I mean, if I modify the parameters and magic number of the third-party EA, it currently still works and there is no problem with FTMO?

    #454078
    Alan Northam
    Participant

    Hi David,

    I cannot say for sure if that would work as I do not know the algorithm they use to detect if expert advisors are highly correlated.

    Alan,

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