Prop Firms: How to Trade on Prop Firms
Prop Firm Requirements:
-They must allow EA softwares
-They must allow grid trading
-They must allow martingale startegies
MOST PROP FIRMS DO NOT LIKE 3RD PARTY EA
Please ask them if 3rd party EA are allowed though email or chat and save the photo of their reply if approved.
Because this software has the comment " Hedge Fund Algo " on it , you need to make sure to go into the inputs and turn comments to FALSE.
Make sure to use a unique Magic Numbers and unique settings to avoid copy trading.
The max daily loss is 5% which means on a $100k account you are actually trading on a $5k account.
So please start with a $5,000 balance and try to hit 10% target on $100k account.
10% target on a $100k account = $10,000
Which means you need to flip $5,000 into $15,000 ($10k Profit) without blowing the account
If 8% target on a $100k then you need to make profit of $8k on a $5k balance.
Prop Firms
Instructor
Ricky Andrade (@riskyricky)
Financial Analyst
Global leader of cutting edge training and coaching to help entrepreneurs rapidly grow their profits.
