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The Best Expert Advisor Strategy: Trade with 5 EAs Simultaneously

Are you tired of relying on a single trading strategy that might fail in certain market conditions? Do you want to explore the potential of combining different Expert Advisors to create a more robust portfolio? In this post, I will show you The Best Expert Advisor Strategy: how I put five free Robots from my previous videos to the test by trading them together in one account.

The Best Expert Advisor Strategy: Why Trading Multiple Strategies Makes Sense

One of the key benefits of trading multiple strategies is that it allows you to diversify your risk and increase your chances of success. As I mentioned earlier, when one strategy fails in a particular market and time frame, another one might be profitable, which can offset the losses and keep your account balance stable.

Choosing the Best Expert Advisors for the Test

To make this test as realistic as possible, I selected five free Expert Advisors that I have previously shared in my videos. Two of them are for EURUSD, two for Bitcoin, and one for S&P 500. I installed them on a VPS to ensure uninterrupted trading, but you can also trade them on your desktop or laptop as long as you keep the MetaTrader platform connected to the broker’s server.

The Best Expert Advisor Strategy: Testing the Expert Advisors on MetaTrader

After compiling the Expert Advisors, I attached them to their respective charts by enabling the AutoTrading feature and double-clicking on each one in the Navigator. I made sure to choose different time frames for each market to cover a broader range of conditions. I also adjusted the inputs and indicators to suit my trading preferences and hit OK.

Managing Risk and Leverage

When trading multiple strategies, it’s crucial to determine how much you want to risk from your account and adjust your leverage accordingly. This will depend on your risk tolerance, account size, and trading goals. Make sure to use a position sizing calculator to determine the optimal lot size for each trade.

The Best Expert Advisor Strategy: Example

In this example, we’ll use the S&P expert advisor. To get started, simply press ‘S’ to find it. Once you’ve found it, right-click on the chart window, and double-click on the expert advisor. From here, you can change the trading lots according to your preferences. The lot size can range from 0.5 to 1.0 or even 0.001, depending on your broker’s requirements.

Trade Without Indicators

With the expert advisor, you don’t need to add any indicators to your charts. All the indicators, strategies, and trading conditions are embedded in the code. The expert advisor will open trades as soon as it identifies profitable signals. By using the expert advisor, you can easily keep track of all trades on your chart window.

Introducing BlackBull Markets

Before we show you some profitable results from the expert advisor, we want to introduce our sponsor, BlackBull Markets. Our team has reviewed BlackBull Markets as one of the best-regulated brokers on the market. You can test the broker yourself by opening a demo account and trading Forex, commodities, CFDs, cryptocurrencies, and stocks. You can choose from three different types of accounts depending on your trading needs. With an ECN standard account, you can trade with spreads below 1 pip and no commissions.

The Best Expert Advisor Strategy: Profitable Results

Now let’s take a look at some profitable results from the expert advisor. Within 24 hours, we made a profit of $1547.27, which is about 15% of the account. We had a small profit with S&P 500, and both expert advisors caught an awesome move with Bitcoin, bringing in about $945 each. However, we did have one losing trade with EURUSD.

Equal Exposure

It’s important to have equal exposure between assets and the account. To do this, we divided the current price of Bitcoin by the current price of S&P 500 and got 5.26. This is how much of S&P 500 we should be trading to have equal exposure. We increased the lots to 5.26, and now we have a bigger trading volume with S&P 500.

The Best Expert Advisor Strategy: Transparency

We want to be transparent with our trading results. If you look at our account history, you can see all the trades that opened and closed. With the help of the expert advisor, we were able to make profitable trades and increase our profits.

Profitable Trades with Bitcoin

Let’s start with some good news. With the Best Expert Advisor Strategy, we had profitable trades with Bitcoin. This cryptocurrency has been very active lately, making it an excellent asset to trade. By using the right Expert Advisor or robot, you can take advantage of its volatility and make good profits.

Losing Trades with EURUSD

Unfortunately, not all trades can be winners. You might encounter losing trades with EURUSD, like we had here for example. But that’s okay. With the Best Expert Advisor Strategy, you can minimize your losses and protect your account from huge drawdowns.

The Best Expert Advisor Strategy: Short Trades and Drawdowns

Sometimes, short trades can result in losses and drawdowns. But don’t panic. With the Best Expert Advisor Strategy, you can calculate your actual drawdown and keep it under control. By opening a detailed statement of your account history, you can see all the trades that opened and closed, and assess your overall performance.

Maximizing Profits and Minimizing Drawdowns

If you’re participating in a trading challenge, you need to achieve a certain level of profits while in turn, keeping your drawdowns low. The Best Expert Advisor Strategy can help you achieve this goal. By targeting a 10% profit and a maximum drawdown of 5%, you can pass the challenge and earn your reward. And if you reach your target in the first day, you can decide to stop trading and maintain your activity by opening 0.01 lots from time to time.

The Best Expert Advisor Strategy: Creating Your Own Portfolio

One of the best things about the Best Expert Advisor Strategy is that you can create your own portfolio of Expert Advisors and robots. By using the ones that suit your style and preferences, and by having equal exposure between different markets and time frames, you can minimize your risk and maximize your profits. This way, you can participate in the markets with confidence and peace of mind.

The Best Expert Advisor Strategy: Final Thoughts

Trading can be challenging, but it can also be rewarding. With the Best Expert Advisor Strategy, you can achieve consistent profits with low drawdowns. By using the right tools and techniques, and by following a disciplined approach, you can succeed in the markets and reach your financial goals.

Thank you for reading this post. If you found it useful, please like and share it with your friends. And don’t forget to check out the links in the description to grab some free stocks and crypto. Good luck and happy trading!

April 14, 2023
Best Broker for Algo Trading: How to Choose the Right Platform?
Are you looking for the best broker for algo trading? With so many options out there, it can be difficult to know where to start. In this blog post, we’ll cover the three things you need to do before choosing a broker for algo trading, and provide some tips on how to select the right one for you.

Best Broker for Algo Trading: Look for a Regulated Broker

The first thing you need to do when choosing a broker for algo trading is to look for a regulated broker for your country. It’s important to choose a broker that is regulated by a strong regulatory body. Examples such as the FCA in the UK or the SEC in the US. This will ensure that your funds are protected and that the broker operates in an ethical and transparent manner.

If you’re not sure where to start, you can check out the brokers’ page on our Academy website. We have listed a few brokers that we have personally used and compared in the past. All of these brokers are regulated by different authorities and different countries. You can choose the one that best suits your needs.

Best Broker for Algo Trading: Compare Spreads

The second thing you need to do when choosing a broker for algo trading is to compare spreads. The spread is the difference between the buy and the sell price or the BID and the ASK price, and it’s how much you pay the broker for executing your trades. You want to choose a broker with the lowest spreads possible, as this will increase your profits and reduce your costs.

To compare spreads, you can select three brokers and check the spreads they offer for your preferred trading pairs. For example, let’s say you’re interested in trading the EUR/USD pair. You can check the spreads for this pair on Easy Forex, ForexVox, and AAAFX. Based on the comparison, Easy Forex has the best spread for the EUR/USD pair.

It’s important to note that spreads can vary depending on market conditions. So, it’s a good idea to check them during the week while the market is open, as well as on the weekends when the brokers often close with high spreads.

Best Broker for Algo Trading: Check Trading Platform Features

The third thing you need to do when choosing a broker for algo trading is to check the trading platform features. You want to choose a broker with a platform that is easy to use, has fast execution speeds, and offers the features you need for algo trading.

Some of the key features to look for include:
- Automated trading capabilities
- Customizable charts and indicators
- Multiple order types
- Fast and reliable execution speeds
When checking the trading platform features, you can open demo accounts with each broker. Then test out their platforms to see which one best suits your needs.

Now that we’ve established what to look for in a best broker for algo trading, let’s compare some of the popular brokers in the market.

EasyMarkets

EasyMarkets is a popular broker that offers a wide range of assets for trading, including cryptocurrencies like Bitcoin. However, when it comes to Bitcoin trading, Easy Forex has a fixed spread of $45, which may not be ideal for algo trading. On the other hand, their spread for Gold is 61 Pips, which is higher compared to other brokers.

ForexVox

ForexVox is another popular broker, but they do not offer Bitcoin trading at all. This could be a deal breaker for traders who want to include cryptocurrencies in their algo trading strategy.

AAAFX

AAAFX is a broker that offers Bitcoin trading with a spread of $10, which is significantly lower than Easy Forex’s fixed spread. Their spread for Gold is also lower at 30 Pips. This makes AAAFX a good choice for traders who want to include cryptocurrencies and commodities in their algo trading strategy.

Best Broker for Algo Trading: Comparing the Three Brokers

To summarize the comparison, here’s a table showing the spread for Bitcoin and Gold for each of the three brokers:

Broker Bitcoin Spread Gold Spread
EasyMarkets $35 From $0.40/ounce
ForexVox N/A N/A
AAAFX Avg: $110 From $0.30/ounce

It’s important to note that spreads are just one factor to consider when choosing a broker. Traders should also take into account other factors such as latency, API support, and fees.

Best Broker for Algo Trading: Testing the Brokers with Algo Trading

To determine which broker performs best with algo trading, it’s recommended to test each broker with the same algorithmic trading strategy on a demo account. This will allow you to compare the results and see which broker performs better. It’s also important to repeat the testing process regularly. New brokers may emerge in the market with lower fees and better performance.

Best Broker for Algo Trading: Conclusion

Choosing the right broker is crucial for the success of your algo trading strategy. When looking for a broker, consider factors such as low latency, API support, low fees and commissions, and a wide range of assets. Based on our comparison, and all of the test we’ve done, BlackBull Markets and XM are the best brokers for algo trading as they offer the lowest spread for Forex trading.
April 12, 2023
OANDA Forex Broker Review: A Comprehensive Guide
Are you looking for a reputable Forex broker to help you navigate the Forex market? Look no further than OANDA Broker, a multi-asset Forex broker that has been providing quality services since 1996. In this blog post, we’ll take a closer look at OANDA and what it has to offer in this OANDA Forex Broker Review.

The Company Background

OANDA was founded in 1996 and is headquartered in Toronto, Canada. It is a multi-asset Forex broker that offers a wide range of products, including Forex, indices, commodities, and bonds. OANDA is regulated by several financial authorities, including the National Futures Association (NFA) in the US and the Financial Conduct Authority (FCA) in the UK. This regulatory oversight ensures that the broker operates within the law and that clients are protected.

OANDA Forex Broker Review: Trading Platforms

OANDA offers several trading platforms to its clients. These include its proprietary OANDA Trade platform and the popular MetaTrader 4 (MT4) platform. The OANDA Trade platform is easy to use and offers advanced charting tools, automated trading options, and access to OANDA’s range of products. The MT4 platform is also popular among traders due to its advanced features and user-friendly interface. You can easily create EAs using EA Studio and trade with them on this platform.

Tools and Resources

OANDA provides its clients with various tools and resources to help them make informed trading decisions. The broker offers market analysis, including real-time news and market insights. Additionally, OANDA provides educational materials, including webinars, videos, and articles, to help clients improve their trading skills.

OANDA Forex Broker Review: Additional Services

In addition to Forex trading, OANDA also offers other services. These include currency conversion and international money transfers. The broker’s currency conversion services are available for individuals and businesses, and it provides competitive exchange rates. OANDA’s international money transfer service allows clients to send money to over 170 countries and territories, with low fees and fast transfer times.

Industry Recognition

OANDA has received a number of industry awards over the years. In 2013, it was named Best Forex Broker at the Forex Magnates Summit. In 2016 and 2017, it was named Best Forex Provider at the UK Forex Awards. Especially relevant is that these awards recognize the broker’s commitment to providing quality services and its focus on innovation and technology.

OANDA Forex Broker Review: Competitive Spreads

One of the standout features of OANDA is its competitive spreads. The broker offers some of the tightest spreads in the industry, which means that clients can trade with lower costs. Additionally, OANDA does not charge commissions on Forex trades, which further reduces trading costs.

Negative Balance Protection

OANDA offers negative balance protection to its clients. This means that clients cannot lose more than their account balance, even in cases of extreme market volatility. This protection provides clients peace of mind, knowing their losses are limited.

OANDA Forex Broker Review: Customer Support

OANDA offers customer support in several languages and has a reputation for providing high-quality assistance to traders. The broker’s customer support team is available 24/7 via phone, email, and live chat. Additionally, OANDA provides a comprehensive FAQ section on its website, which can help clients find answers to common questions.

Good customer service is essential when trading Forex. You want to choose a broker that offers quick and reliable support if you have any questions or technical issues. OANDA offers excellent customer service via phone, email, and live chat. The company’s representatives are knowledgeable, friendly, and responsive. OANDA also has a comprehensive online help center with articles, videos, and tutorials that can help you learn more about Forex trading and how to use its trading platforms.

OANDA Forex Broker Review: Pros and Cons

Pros of Oanda
1. Low fees: OANDA’s fees are generally low with just a few exceptions. The company offers competitive spreads and does not charge commissions on Forex trades. Non-trading fees are also low, though the withdrawal fee is quite high for bank transfers.
2. Easy-to-use trading platform: OANDA offers a great and easy-to-use MetaTrader 4 (MT4) trading platform, which includes MT4-web and MT4-Mobile versions. The platform is also available in a premium version with numerous technical indicators included.
3. Quick and user-friendly account opening: OANDA’s account opening process is quick and digital. No minimum deposit is required to open an account, making it accessible to traders of all levels.
Cons of Oanda
1. Limited product portfolio: One of the downsides of OANDA is its limited product portfolio. Currently, traders can only trade Forex and CFDs, which may not be suitable for those looking to diversify their investments.
2. Poor customer service: OANDA’s customer support could be improved, as it is slow and not available 24/7. This could be a drawback for traders who require immediate assistance.
3. High bank withdrawal fee: While Oanda’s non-trading fees are generally low, the withdrawal fee for bank transfers is quite high. This could be a drawback for traders who frequently need to withdraw their funds.
Oanda Forex Broker Review: Fees Comparison

To get a better idea of OANDA’s fee structure, we compared its fees with those of two similar brokers, Pepperstone and FXCM. Here is a breakdown of the most relevant fees for each asset class:

Forex trading fees:

OANDA charges low Forex fees, with the fees built into spread, which averages at 1.2 pips for EUR/USD and 1.6 pips for GBP/USD.

Stock index trading fees:

OANDA’s S&P 500 CFD fee level is low, with the fees built into the spread, averaging at 0.5.

Inactivity fee:

Oanda’s inactivity fee is low, at $10 per month after two years of inactivity.

Overall, OANDA’s fees are generally low, though the high withdrawal fee for bank transfers may be a drawback for some traders.

No Minimum Deposit Required

One of the most appealing aspects of OANDA is that there is no minimum deposit required to open an account. As a result, you can start trading with whatever amount you feel comfortable with, making it an attractive option for beginners or those who are just getting started in Forex trading.

OANDA Forex Broker Review: One Account Type with Multiple Sub-Accounts

At OANDA, there is only one type of trading account available, which is a Standard account. However, you can open up to 19 sub-accounts, which is a great feature if you want to have different base currencies under one account. For example, you can have a USD account with EUR and GBP sub-accounts.

The account opening process is quick and easy, and you can complete it in less than 10 minutes. While account approval can take multiple days, it’s still a relatively fast process, especially if you respond to their emails in time.

Four Steps to Complete the OANDA Account Opening Process

The Oanda account opening process involves four simple steps:

1: Contact Details – Set your username and password.

2: Personal Information – Submit basic personal information, such as your employment status or income estimate.

3: Appropriateness Test – Fill out a competence test with questions like “What are margins?”

4: Verify Your Identity – Upload a copy of your ID/passport to verify your identity and a bank statement/utility bill to verify your residency.

OANDA Forex Broker Review: Low Fees

Another significant advantage of OANDA is that its fees are generally low. The broker charges low CFD and Forex fees, and non-trading fees are also low. However, it’s worth noting that the withdrawal fee for bank transfers is quite high.

In terms of trading fees, OANDA’s fees are built into the spread. For example, the average spread cost for EUR/USD is 1.2 pips, while the average spread cost for GBP/USD is 1.6 pips. The average spread cost for S&P 500 CFD is 0.5.

Comparison with Similar Brokers

To get a better idea of how OANDA’s fees compare with those of other brokers, we compared them with two similar brokers – Pepperstone and FXCM. The selection of these brokers is based on objective factors such as products offered, client profile, fee structure, and more.

While Pepperstone offers a slightly lower spread cost for EUR/USD and GBP/USD, Oanda’s fees for S&P 500 CFD are lower. FXCM, on the other hand, has higher fees for all three instruments.

Regulation: A Safe and Secure Broker

One of the most important factors to consider when selecting a Forex broker is regulation. To protect its clients and ensure the integrity of the market, a regulated broker must follow strict guidelines. Multiple regulatory bodies, including the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Conduct Authority (FCA) in the United Kingdom, and the Australian Securities and Investments Commission (ASIC) in Australia regulate OANDA.

These regulatory bodies ensure that OANDA follows strict guidelines to protect its clients’ funds and maintain transparency in its operations.

Fees: Low Trading Costs

Another critical factor to consider when choosing a Forex broker is fees. Fees can impact the profitability of trades, so it’s important to look for a broker with low trading costs. OANDA offers competitive spreads and charges low fees for most of its services. OANDA charges no commissions on trades and offers no account maintenance fees. The only significant fee that OANDA charges is for bank withdrawals, which can be quite high. However, this fee is only relevant if you choose to withdraw funds via bank transfer. OANDA offers several other withdrawal options with no fees, including debit cards and electronic wallets.

OANDA Forex Broker Review: Trading Platforms: Advanced and User-Friendly

When selecting a Forex broker, you should also consider the trading platforms and tools that the broker offers. A good trading platform should be user-friendly, reliable, and offer advanced features to help you analyze the market and make informed trading decisions. OANDA offers a wide range of trading platforms, including MT4, MT5, and its own proprietary trading platform. Oanda’s platforms are easy to use, and they offer advanced charting tools, technical indicators, and other features to help you analyze the market and execute trades quickly and efficiently.

OANDA Forex Broker Review: Summary

When it comes to Forex trading, selecting the right broker is essential. Choosing the wrong one can result in higher fees, slower trade execution, and poor customer support.

Conclusion

Overall, OANDA is an excellent choice for those who are looking for a Forex broker with a quick and easy account opening process, low fees, and no minimum deposit requirement. While its product portfolio is limited to Forex and CFDs only, the broker’s powerful research tools and easy-to-use MT4 trading platform make it a popular choice among traders. Additionally, the ability to open multiple sub-accounts is a great feature for those who want to have different base currencies under one account.
April 10, 2023
RSI Trading Robot: A Powerful Tool for Profitable Trading

If you’re a trader, you’ve probably heard of RSI. It stands for Relative Strength Index, and it’s one of the most popular technical indicators used in trading. RSI can be used to identify overbought and oversold conditions in the market, which can help traders determine when to enter and exit trades. These days, you can use this powerful indicator to automatically open and close trades using the RSI Trading Robot.

However, despite its popularity, some traders fail to see positive results using RSI. This is because they’re not using it correctly. There are different strategies, parameters, and even RSI trading robots that can give different results. That’s why it’s essential to find the right one that works for you.

In this blog post, we’ll talk about RSI trading robots and how they can help you become a more profitable trader.

What is an RSI Trading Robot?

Essentially, it’s a computer program that uses the RSI indicator to generate trading signals. It’s designed to automate the trading process and eliminate the emotional aspect of trading. The robot can scan the market, identify potential trading opportunities, and execute trades on your behalf.

Creating the Best RSI Trading Robot

Petko Aleksandrov has created hundreds of RSI trading robots using different logic conditions and parameters. After testing them extensively, he narrowed the number down to 45. In his YouTube video, he shared the best RSI trading robot that brought him the most success, and he’s giving it away for free.

Using RSI as an Entry Rule

Using RSI alone as an entry rule can lead to losing trades. That’s why it’s essential to combine it with other indicators to get better entries and eliminate fake signals. As a beginner, it’s crucial to backtest the RSI trading robot to see if it works well for your trading broker. More on this a little later in this post.

Strategy Rules

The RSI trading robot uses a set of rules to determine when to enter and exit trades. The first rule is to look for the RSI crossing the level line upward, with a period of 2 and level of 30. This indicator reacts very fast to market changes, making it a reliable signal for entering trades.

Once the price crosses the level line upward, the robot opens a long trade. However, it only does so if the Demarker rises at the same time with a period of 45. This provides a confirmation for the RSI indicator, ensuring that the robot is making a sound trade.

The robot uses a Take Profit of 60 pips and Stop Loss of 55 pips, ensuring that losses are kept to a minimum. The exit rule is provided by the Bollinger Bands, which have a period of 12 and deviation of 2.49. The robot exits a long trade when the bar opens below the lower band of the Bollinger Band, after opening above it.

Why is this strategy effective?

The RSI trading robot uses a combination of indicators to provide reliable signals for entering and exiting trades. By using the Demarker and Bollinger Bands in conjunction with the RSI indicator, the robot is able to filter out false signals and make better trading decisions.

Moreover, we designed this strategy to keep trading costs low. By reducing the number of trades, the robot minimizes the spread paid to the broker. This is a crucial consideration when trading, as trading costs can eat into profits.

When should you use RSI Trading Robot?

This robot is best suited for beginners who are looking to get started with trading. It is also ideal for traders who want to automate their trading process and remove emotions from trading decisions. The robot is designed to work on EURUSD on M15 time frame, but you can adjust the settings to work on other currency pairs and time frames.

Click Here to Download the RSI Trading Robot

How to backtest RSI Trading Robot?

Backtesting is a crucial step in testing any trading strategy or robot. You can backtest RSI Trading Robot using the MetaTrader platform. You can download the robot from the description, and then go to the Open data folder, click on Mql4, and then hit on Experts. Paste the Expert Advisor and close the tab. Then, right-click over Expert Advisors and hit on refresh. This will compile the Expert Advisor, and you will be able to drag it over the chart. From the inputs, you can change some of the parameters. Click on OK, and then right-click and go to Expert Advisors and hit on Strategy Tester. Keep it open prices only as a model and 15 time frame and then hit on Start. You will see the trades in Results tab, you will see the Graph as well, the Report and the Journal.

Why choose BlackBull Markets?

BlackBull Markets is a regulated Broker that offers leverage up to 1 to 500. If you’re a beginner trader and don’t know how to select a regulated Broker or have doubts with the one you are using currently, check out BlackBull Markets. They offer not just MetaTrader 4 and MetaTrader 5, but also TradingView, which is one of the most popular platforms for technical analysis and charts.

RSI Trading Robot: Conclusion

The RSI Trading Robot is a popular trading robot used by traders worldwide. It is best suited for beginners who are looking to get started with trading and want to automate their trading process. Backtesting is crucial when testing any trading robot, and you can backtest RSI Trading Robot using the MetaTrader platform.

If you’re looking for a regulated broker with high leverage, BlackBull Markets is a great choice. Remember, always test any trading robot on a demo account before trading with real money.

April 6, 2023
Best Expert Advisor Builder: 3 Top Choices for Automated Trading

Are you tired of manually trading in the Forex market? Do you want to automate your trading strategy and let the computer do the work for you? If so, you’re in the right place. In this blog post, we’ll discuss the best expert advisor builders that can help you create automated trading strategies.

What is an Expert Advisor Builder?

An expert advisor builder is a software tool that allows you to create automated trading strategies without any programming knowledge. With the Best Expert Advisor Builder, you can specify your entry and exit rules, stop loss and take profit levels, and other conditions you want to have in your trading strategy, and the software will automatically generate an expert advisor code for you. Let’s discuss 3 of the Best Expert Advisor Builders currently available.

Expert advisor builders are designed to make the process of creating and testing trading strategies much easier and faster. With these tools, you can quickly generate trading ideas, backtest them, and see how they would perform in real-time trading.

Without further ado, let’s dive into the three best expert advisor builders.

Forex Strategy Builder Professional

Forex Strategy Builder Professional is a software tool that you can install on your computer. This expert advisor builder has a variety of tools that you can use to create your automated trading strategy. For example, you can add different opening logic conditions, set entry times, and avoid trading during hot economic news events. You can also add higher time frames to your trading strategy to confirm your entries and exits.

One of the things we love about Forex Strategy Builder Professional is that you can immediately see the difference in the balance equity chart when you make any changes to your trading strategy or parameters. This allows you to quickly iterate and test your trading ideas until you find a profitable strategy.

Forex Strategy Builder Professional also has a generator tool that you can use to generate strategies based on historical data from your broker. With this tool, you can quickly generate multiple trading strategies and test them against each other to find the best one. FSB Pro is well worth looking at when selecting the best expert advisor builder for you.

The Best Expert Advisor Builder: EA Studio

EA Studio is definitely one of the best expert advisor builders that is web-based, which means you don’t need to install any software on your computer. With EA Studio, you can generate automated trading strategies quickly and easily. The software has a simple interface that makes it easy for even beginners to use.

One of the best features of EA Studio, the very popular expert advisor builder is the ability to generate strategies based on multiple time frames. For example, you can generate a trading strategy that uses indicators from the 15-minute chart and confirms entries and exits on the 1-hour chart. This allows you to create more robust trading strategies that are less likely to give false signals.s

EA Studio also has a variety of tools that you can use to optimize your trading strategy, such as Monte Carlo simulation, which allows you to test your strategy against different market conditions.

StrategyQuant X

StrategyQuant X is an expert advisor builder that is designed for more advanced traders. This software tool has a wide range of features that you can use to create complex trading strategies. With StrategyQuant X, you can create strategies that use multiple time frames, multiple indicators, and complex entry and exit rules.

One of the best features of StrategyQuant X is the ability to backtest your trading strategy using tick data. This allows you to test your strategy in more detail and get a more accurate picture of how it would perform in real-time trading.

StrategyQuant X also has a variety of optimization tools that you can use to refine your trading strategy. For example, you can use the genetic optimizer to test different combinations of parameters and find the optimal settings for your strategy.

The downside is that the program is very slow and heavy for most machines. Plus the expert advisors it generates are not logical trading strategies but randomly generated combinations of different indicators.

That is why we prefer EA Studio or FSB Pro.

Best Expert Advisor Builder: Conclusion

Automated trading can be a powerful tool for Forex traders who want to save time and take emotions out of their trading decisions. Expert advisor builders make it easier than ever to create and test trading strategies without any programming knowledge.

April 5, 2023
Trading with Robots – 7 Reasons Why you Should

Trading with Robots, also known as Algorithmic Trading, is becoming increasingly popular among traders of all levels. In this post, we’ll explore 7 reasons why you should trade with Robots and how it can improve your trading experience.

1. Suitable for Beginners

Algorithmic Trading provides a systematic and automated approach to trading, eliminating human emotions and biases. This makes it an ideal trading strategy for beginners who may not have the experience or knowledge to trade successfully. Programs like EA Studio and FSB Pro allow users to create thousands of Robots without the need for programming or coding skills.

2. Trading with Robots – Reason 2: Saves Time

Trading with Robots improves trading efficiency by analyzing large amounts of data and making trades at high speeds. This ensures opportunities aren’t missed even if you’re away from your desk. Once you’ve loaded your Robots onto your charts, you don’t need to do anything else. The Robot will do everything automatically, making it possible to trade from Monday to Friday, all day long without taking a break.

3. Easy Access

Many regulated brokers, like Blackbull Markets, offer the MetaTrader platform, which is the most commonly used platform for trading. MetaTrader is an easy-to-use platform with thousands of tools and add-ons, allowing users to customize their trading station to suit their trading style. Finding a regulated broker offering MetaTrader is easy and free of charge, making it accessible to all traders.

Trading with Robots – Reason 4: Developing Robots

As online trading continues its evolution, new platforms are being released. This includes Trading View and Ctrader, both of which offer algo trading. New and exciting indicators are continuously being developed and can be implemented to open and close trades automatically when conditions are met. Algo trading is the future of trading, and the advantages are simply too great to ignore.

5. Multiple Strategies

Using a program like EA Studio, you can create a portfolio of Robots that holds multiple strategies or multiple Robots within it. This increases efficiency and productivity exponentially, which in turn allows you to trade more than one strategy easily. When trading multiple Robots, if one Robot closes on a loss, the others will compensate for it,which in turn results in better risk diversification.

Trading with Robots – Reason 6: Backtesting

Using historical data from your broker, you can backtest a strategy within MetaTrader 4 and 5. This allows you to see how a strategy would have performed over a specific time period, giving you an idea of the strategy’s robustness across many market conditions, including important news announcements. Additionally, optimization tools can help find the best combination of parameters within minutes, saving time and effort.

7. No Programming Needed

Finally, and best of all, you don’t need any coding or programming skills or even understanding. Different indicators have different parameters, making it difficult to find the best values. With the backtest and optimization tools, you can find the best combination of parameters within minutes. These days, you can easily buy Robots from the marketplace, with prices ranging from $10 to thousands of dollars. While selecting a good Robot can be challenging, it’s not impossible, and you must do your due diligence before purchasing one.

7 Reasons Why You Should be Trading with Robots – Conclusion

Trading with Robots offers numerous advantages, including efficiency, productivity, and risk diversification. It’s also accessible to all traders, regardless of their experience level. Using tools like EA Studio, MetaTrader, and optimization tools can help traders create and test profitable strategies without any programming knowledge. Trading with Robots is the future of trading, and if you’re not already doing it, it’s time to start.

April 3, 2023
ZuluTrade Review – The Old Kid on the Block
In this ZuluTrade review, we will be discussing one of the oldest and most well-known platforms that helps investors manage their wealth. It lets people copy the trades of experienced leaders in the CFD and Forex markets. This platform also has a social feature called Social Feed that lets leaders and investors share their ideas and feedback. Currently, there are about 2.4 million users and over $800 billion in trade volume.

We will explain how it works, including its costs, live accounts, user ratings, regulations, and more. We will give you our opinion on whether or not it’s a good idea to sign up for ZuluTrade.

ZuluTrade Review – The Company

ZuluTrade, the first Copy Trading platform in the world, was established in 2007 in Virginia. Today it is one of the most innovative copy trading tools in the world. Zulu Trade was taken over by the Finvasia Group in 2021.
It now has offices in Greece, Cyprus, Japan, Dubai, London, South Africa, Mauritius, Australia and India. From the beginning, ZuluTrade has aimed to become the world’s largest social trading community. They want to offer investment solutions that put their customers first. They want traders from around the world
to connect to any trading platform and share their knowledge.
These days, the company is a leading social wealth management platform. It has users in 150+ countries and offers over 90,000 traders to choose from. There are over 2.4 million registered users all over the world. You can connect your existing account or open a new account on any MT4, MT5, Act Trader, X Open Hub, Match Trader account from any broker of your choice.

ZuluTrade Review – Regulations and Licensing

ZuluTrade is a global copy trading and social-wealth management platform that is regulated within the EU, South Africa, Mauritius and Japan.
It is regulated by the Hellenic Capital Markets Commission(HCMC) in Greece, the Financial Service Authorities (FSA) in Japan, the Financial Services Commission (FSC) in Mauritius and the Financial Sector Conduct Authority (FSCA) in South Africa.

ZuluTrade Review – The Platform

The ZuluTrade social trading platform works with brokers that offer trading on different CFDs like stocks, cryptocurrencies, Forex, Commodities, and indices. People can see what successful leaders are doing and copy their moves.

There are two types of people who use the platform:
1. Leaders: They share their trades and let others copy them. They get paid $4-$10 per $100K traded
2. Investors: They can copy the trades of successful leaders.
You can choose to be a leader or a trader from your same linked trading account on the platform. By choosing to be a leader, you make your account public and you start earning rewards when another trader copies your signals.

ZuluTrade Review – Features

Once you have your ZuluTrade account login details, you can use a lot of helpful features like:
1. Lock Trade – This lets you check a trade after you get a signal.
2. Social Feed – This allows investors and leaders to exchange opinions on specific instruments, trading strategies or on the markets in general through posts and comments.
3. Risk Score – This helps you to make informed decisions when choosing a leader strategy. It lets you know how risky a strategy is on a scale of 1 – 5.
4. Watchlist – This helps you to keep track of your favourite leaders and market strategies.
5. ZuluGuard™ – This protects investors if a trader they are following makes bad trades.
6. Calendar – This shows you important events happening in the financial markets.
If you’re not sure which leader to follow, you can use the ZuluRank. It ranks leaders based on different criteria like how much they’ve traded, how much profit they’ve made, and how long their trades stay open.

Fees and Spreads

The fees you pay will depend on the broker that you select to open an account with. ZuluTrade offers free unlimited copytrading plan when you choose to trade with the Integrated brokers or selected co branded brokers. For other broker accounts, you can activate a paid subscription plan by entering the number of Leaders’
strategies you may want to copytrade and a billing cycle. Longer billing cycles offer higher discounts per leader strategy you buy.

The difference between the buy and sell price (called the spread) can change depending on the broker, the currency pair, and the time of day. For example, during times of high volatility, brokers might make the spread wider.

Different brokers have different minimum deposit requirements. Some only need $1, while others need $250. But it’s recommended that you keep at least $100 in your ZuluTrade account to stay connected.

You might also be charged an overnight rollover/swap fee by your broker, depending on the asset and volume you trade. But most intraday traders don’t usually have to pay these fees.

Other than that, there aren’t any extra costs.

ZuluTrade Review – Types of Accounts

Demo Account

When you register with ZuluTrade, a demo account is automatically created for you with all the features of a live account. This allows you to test ZuluTrade’s functionality without any risk and to try out different copy trading strategies before investing real money.

Live Account

When you sign up for a live account with ZuluTrade, you get the ZuluTrade Account. This type of account is suitable for both beginners and experienced users. Leaders can use manual or fully customized copy-trading.

The ZuluTrade Account provides access to data, alerts, and Forex signals. Account maintenance is easy, and you can access all the basic functions from the ‘my account’ page, such as reviewing performance rankings and closing individual trades.

The ZuluTrade Account offers many benefits, including no fees or commissions, copytrading, manual trading, the ability to close individual trades at any time, and a Lock Trade function that lets investors fully monitor their positions.

ZuluTrade Review – Mobile App

ZuluTrade has trading apps for Android and iPhone. You can check your performance, see new leaders to copy, and manually close trades on the app. You can also choose to manage your risk settings in real-time.

Other things you can do with the app include:
- Open, close, and edit trades
- Spread your risk across different assets and strategies
- Manually change your stops and limits or close trades completely
- Follow your chosen trading systems’ signals without having to watch the market 24/7
- New Watchlist feature for investors to easily keep track of their favourite Leaders and Market Assets.
- New dark theme feature.
The ZuluTrade mobile app is a good match for the desktop platform. It’s easy to use and works well on different devices. Also, it keeps getting better with updates.

Methods of Payment

Traders can pay using PayPal, bank wire transfers, credit/debit cards, or e-wallets.

Investors may have different ways to deposit and withdraw money depending on the broker they are using. It’s important to check for any deposit or withdrawal fees charged by the broker.

ZuluTrade Review – Additional Offerings

ZuluTrade offers many useful extra features, such as a pip calculator, news access, profit and margin calculators, an economic calendar, and currency converter.

In addition,there are user guides to assist you with any issues. ZuluTrade’s Followers Academy also provides guidance on how to select from their numerous supported brokers.

ZuluTrade Review: Awards

ZuluTrade is a top notch social trading platform and this can be reflected by the multiple awards the firm has acquired:
- Best Social Trading Solution in MEA at UF Awards Dubai, 2023.
- Best Social Wealth Management Platform at Forex Expo Dubai in October 2022.
- Best Social Trading Solution in MEA at UF Awards Dubai, 2023.
ZuluTrade Review – Pros and Cons

Pros
- ZuluTrade partners with many global affiliate brokers.
- The mobile app is reliable and easy to use.
- You can access popular cryptocurrencies.
- There are over 90,000 leaders to copy, which could increase earnings.
- The demo account is free and fully functional, making it ideal for beginners.
- Reviews show that users appreciate the performance indicators and graphs for evaluating leaders.
- Users can comment directly on traders’ profile pages, which promotes accountability and transparency.
- All historical trades are available, ensuring total transparency.
- Only top leaders who meet strict criteria and demonstrate consistent and reliable performance are displayed. This creates a fair investment environment as all leaders aim to comply with these rules.
Cons

Zulutrade.com reviews have pointed out some downsides and risks to consider:
- Not available to US citizens
Accepted and Unaccepted Clients

ZuluTrade welcomes investors and leaders from many countries including Australia, Thailand, Canada, South Africa, and many more.

However, investors and leaders from some countries are not able to use ZuluTrade such as United States, India, Belgium, Iran, Syria, and Sudan.

ZuluTrade Review – Final Thoughts

ZuluTrade.com is appealing to leaders and investors of any skill level, as evident by its increasing number of users. It’s important to note that profits can be lost as fast as they are gained, so having an effective strategy and money management system is crucial.
March 29, 2023
Best Day Trader Indicator

Best Day Trader Indicator: Simple Strategy for Profitable Forex Trading

If you’re interested in trading on the Forex market, you’re probably looking for the best indicators to help you make profitable trades. In this blog post, we’ll explore the best day trader indicator that you can use, along with three other indicators that work well for me. You’ll learn how each of these indicators works and get example strategies to use in your own trading. Plus, we’ll even throw in a bonus at the end. So, let’s get started!

One of Best Day Trader Indicators is the Moving Average Indicator

The first and best day trader indicator is the Moving Average. It’s a simple tool that can be very profitable when used correctly. A simple Moving Average with a period of 9 represents the average price for the last 9 bars. If the current bar is above the 9 Moving Average, it means that the current price is higher than the average price for the last 9 bars.

Strategy Example

To use the Moving Average in your trading strategy, you can open a long trade whenever the price crosses the 9 Moving Average upwards. In other words, you need to see one bar that opens above Moving Average after opening below it. You can visualize this on a chart by looking for one bar below the red Moving Average and then another bar that opens above the Moving Average. This is a clear confirmation that the price has crossed the Moving Average.

Another Great Day Tradeing Indicator: Bollinger Bands Indicator

The second best day trader indicator is the Bollinger Bands. They provide a confirmation to the Moving Average. The rule that the bar opens above the lower band after opening below it with a period of 19 and deviation of 1.9. Combining the Bollinger Bands with the Moving Average works great because you’ll be buying only when the price is at the lower band of the Bollinger Bands. The opposite applies for a short trade.

Strategy Example

To use the Bollinger Bands in your trading strategy, you can look for a bar that opens below the upper band, after opening above it. With a period of 41 and deviation of 40, you’ll exit your trade if you see a bar that opens below the upper band.

Any Day Trader Indicator will bring you Profit and Loss

It’s important to remember that every strategy has losses, but the key is to have more profits than losses. The strategies shown in this blog post have a Profit Factor higher than 1.1.In other words, more profits than losses. You’ll see an example of a profitable trade in the first strategy. It has a Take Profit of 90 Pips and a Stop Loss of 35 Pips. The result is a good risk reward ratio.

Bonus Tip

As a bonus tip, we recommend using Envelopes as an exit condition. If you see a bar that opens below the upper band, after opening above it, you’ll exit your trade. This can be helpful in avoiding losses and maximizing profits.

Best Day Trader Indicator is when we combine two: Moving Average and Bollinger Bands

The Moving Average and Bollinger Bands are two powerful indicators that work together to identify entry and exit points. The Moving Average helps traders identify trends, while the Bollinger Bands help traders identify volatility. When these two indicators are used together, traders can make more informed decisions about when to buy and sell.

To use this strategy, look for a short trade where the price has moved below the Bollinger Bands and the Moving Average. When the price starts to rise again, it’s time to exit the trade. For a long trade, look for a situation where the price has moved above the Bollinger Bands and the Moving Average. When the price starts to fall, it’s time to exit the trade.

This strategy has been proven to work. It has an average profit of $21 per day and a net profit of over $23,000. This is for the last 3 years.

Moving Average Crossover

The Moving Average Crossover is another powerful indicator that can help traders make profitable trades. This indicator uses two moving averages with different periods that cross each other to identify trends. When the fast Moving Average crosses the slow Moving Average upwards, it’s time to enter a long trade.

Day Trader Indicator Number 4 is Stochastic

The Stochastic indicator is a popular momentum indicator that can be used to identify overbought or oversold conditions in the market. To use this indicator, look for a long entry when the Stochastic is below the level line. Set a stop loss of 61 pips and take profit of 53 pips. Don’t be afraid to trade with a risk-reward ratio below 1. The closer the take profit to the entry price, the bigger chance you have of hitting it before the stop loss.

Envelopes

Envelopes are a set of lines placed above and below the price to form a channel. In this strategy, we use envelopes as exit indicators. If the bar opens above the upper band with a period of 20 and deviation of 0.5, or below the lower band after opening above it, we should close the trade.

Number 5 is MACD

MACD stands for Moving Average Convergence Divergence. It is displayed with a MACD line and a signal line, and the bars around the 0 line are the difference between the MACD and the signal line. Use the MACD strategy to see even bigger profits. Look for the MACD line to cross the 0 line upwards, but only if the ADX rises. Set a take profit of $64 and stop loss of $100 plus envelopes.

And here is the Best Day Trader Indicator: Forex Profit Supreme Meter

Forex Profit Supreme Meter is a strength indicator that shows the strength and weakness of different currencies in real-time. This way, it is easy to select the best pair to trade, long or short. For example, if the Euro has a strength above 7 and the Swiss has a strength below 2, it is logical to open a long Euro-Swiss trade.

Click Here to Download the Forex Profit Supreme Meter

Bonus: Three Robots for Strategies

As a bonus, we will give you three robots for the strategies we demonstrated. Use the MA, MA Crossover, or MACD indicator with robots on MetaTrader to test them out.

Click Here to Download the Robots

Best Day Trader Indicator Final Thoughts

Finding the right day trader indicator can be a game-changer for your trading profits. The Stochastic, Envelopes, MACD, and Forex Profit Supreme Meter are some of the best indicators you can use to make informed trading decisions. Remember to always use stop loss and take profit orders to minimize your losses and maximize your gains. Happy trading!

March 29, 2023
Fxview Broker Review: Is Fxview Broker Worth a Try?
If you’re looking for, you might have come across Fxview, and most likely you will also be looking for FXView Broker Review. Established in 2017, Fxview has quickly built a strong reputation despite being a relatively new player in the industry. The broker offers a wide range of financial instruments, including Forex, CFDs, and cryptocurrencies, catering to both beginner and experienced traders.

One of the standout features of Fxview is its competitive trading conditions, including low spreads starting from 0.0 pips, multiple trading platforms, and institutional-grade execution quality. The broker is also well-regulated by multiple financial authorities, ensuring a safe trading environment for its clients.

In this detailed Fxview review, we will explore its regulatory framework, account types, trading platforms, spreads, fees, and customer support, helping you determine whether Fxview is the right broker for your trading needs.

Regulatory Bodies

Before we dive into the details, it’s important to mention that Fxview is a regulated broker, registered with:
- Cyprus Securities and Exchange Commission (CySEC) in Cyprus
- Financial Sector Conduct Authority (FSCA) in South Africa
- Financial Services Commission (FSC) in Mauritius
- Securities and Exchange Board of India (SEBI)
- Multiple EU authorities
Also FXView is member of Member Of Investor Compensation Fund (ICF).

This requires the broker to follow strict rules and regulations to ensure the protection of its clients.

Type of Trading Accounts & Leverage

Fxview offers two trading account types tailored for both beginners and experienced traders, allowing them to benefit from institutional-grade spreads, high-quality execution, and competitive trading conditions. EU clients can access the RAW ECN Account, while, global clients have access to all account types, including RAW ECN and Premium ECN Accounts.

Leverage EU Customers

The RAW ECN Account provides leverage of up to 1:30 for EU clients, ensuring compliance with regulatory standards.

Leverage Global Customers

RAW ECN and Premium ECN Accounts, with leverage of up to 1:1000, offer to global clients greater flexibility for diverse trading strategies.

FXView Broker Review: Assets Available

Fxview offers a wide range of 500+ assets for trading. You can trade over 70 currency pairs, including majors, minors, and exotics. The broker also offers CFDs on commodities, indices, and stocks. If you’re interested in cryptocurrencies, you’ll be happy to know that Fxview also offers trading in Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and Ripple , keeping in mind that it is only for global clients.

Platforms Offered

Fxview offers three trading platforms: ActTrader, MetaTrader 4 (MT4) – for EU customers only, and MetaTrader 5 (MT5) – for Global customers only as well as Social Trading with ZuluTrade. MT4 is the most popular trading platform in the industry, and it’s known for its user-friendly interface and advanced charting tools. MT5, on the other hand, is a newer platform that offers more advanced features and improved performance. Both platforms are available for desktop and mobile devices. Additionally, ActTrader is a comprehensive platform for trading that offers advanced features. ZuluTrade is also available on Fxview, which enables clients to copy trades out of traders from around the world.

Fxview Broker Review: Spreads

Competitive spreads starting from 0.0 pips for some currency pairs.

Fxview Review: Fees and Commissions

Fxview charges a commission from $1 per trading volume of $100K for EU customers. However, there are other fees to consider, such as overnight financing charges for holding trades overnight. In addition, Fxview doesn’t charge any fees on deposits and withdrawals, nor on inactive accounts.

tools and educational resources

Fxview offers a comprehensive suite of tools and educational resources designed to enhance the trading experience for both novice and experienced traders.

Trading Tools:
- Virtual Private Server (VPS): Ensures low-latency and uninterrupted trading by providing a dedicated server environment.
- Trader’s Tool Box: A collection of premium trading and analytical tools, including:
  - Alarm Manager: Automates trading actions and notifications.
  - Correlation Matrix: Displays real-time correlations between various instruments.
  - Market Manager: Offers a comprehensive market overview and trade execution capabilities.
  - Session Map: Visual representation of global market sessions and related data.
  - Excel RTD: Integrates trading data into Excel for advanced analysis.
- Indicator Packages: Enhance trading strategies with advanced indicators such as:
  - Mini Chart: Allows multi-timeframe and comparative analysis within a single chart.
  - Pivot Points: Identifies potential support and resistance levels.
  - Renko Bars: Filters out minor price movements to highlight significant trends.
- Trading Calculators: Assist in risk management and planning by calculating parameters like position size, margin requirements, and potential profits or losses.
- Economic Calendar: Keeps traders informed about upcoming economic events and announcements that could impact market movements.
Educational Resources:
- Forex Glossary: A comprehensive dictionary of trading terms to help traders familiarize themselves with industry jargon.
- Market News: Regular updates and analyses on market trends, helping traders stay informed about the latest developments.
- Educational Blogs: In-depth articles covering various trading topics, strategies, and common pitfalls to educate and inform traders.
- Webinars: Live sessions conducted by trading experts, offering insights into market analysis, trading strategies, and platform tutorials.
- Market Holidays: Information on global market holidays to help traders plan their trading activities effectively.
Fxview Review: Pros and Cons of FXView Broker

Pros
1. 100% Deposit Bonus (only for global)
2. Regulated: As mentioned earlier, Fxview is regulated by several reputable regulatory bodies, which means that your funds are protected and you can trade with peace of mind.
3. Wide Range of Assets: Fxview offers a wide range of assets for trading, including currency pairs and cryptocurrencies (only for global). All of trading instruments are CFDs.
4. Competitive Spreads: The broker offers competitive spreads starting from 0.0 pips, which can help you save on trading costs.
5. Multiple Platforms: Fxview offers three trading platforms, all of which are available for desktop and mobile devices, giving you more flexibility in how you trade.
6. Good educational resources including glossary of trading terms, market news and video tutorials
7. Live chat and email support
8. Multiple support languages: English, Greek, French, German, Russian and 8 additional languages.
9. Multiple deposit and withdrawal options.
10. Loyalty and Refer a Friend Programs (only for global)
11. Multiple Account Currencies: Global – EUR, USD, GBP, AUD, ZAR, CAD / EU – EUR, USD, GBP.
12. Zero Cost Funding (only for global)
13. Commission starts from $0
14. Maximum Leverage of 1000x for global clients
Cons

The only disadvantage we could highlight is that FXView does not accept US citizens as clients.

Fxview Broker Review: Conclusion

Fxview is a well regulated Forex broker that presents an extensive selection of tradable assets and highly competitive spreads. The broker prioritizes transparency and affordability, striving to offer customers the lowest spreads and commissions in comparison to other players in the industry. By providing multiple trading platforms, a diverse range of trading tools, cutting-edge technology, and exceptional multilingual client support available 24/5, Fxview ensures a comprehensive trading experience for its clients. In conclusion, Fxview emerges as a favorable option for traders seeking a regulated broker with a diverse range of assets and competitive spreads.
March 27, 2023
Best Prop Firms in 2023 (Honest Review)

Let me share the best Prop Firms for you. The ability to withdraw your profits is crucial.

In this blog, we’ll discuss the most trustworthy prop trading firms because FTMO is not the only challenge available. However, many scammers disguise themselves as legitimate firms. firms.

I want to ensure you don’t fall prey to these scams. The trading system demonstrated in the course applies to all prop firm challenges, but you must be aware of the varying trading objectives.

Number 5: The True Forex Funds

True Forex Funds is based in Singapore and offers a trading challenge for accounts ranging from 10k to 200k. The challenge fee for a 10k account is only 89 EUR, making it one of the cheapest.

The target profit is 8% during Phase 1 and 5% during Phase 2. Completing the challenge successfully gets you funded with a profit split of 80/20%, with 80% going to you, the trader and 20% going to the firm.

Number 4, E8 Funding

E8 Funding is based in Canada and provides quality services while prioritizing sustainability as well as offering assets such as stocks, Forex, and options, as well as a trading challenge that has 0 Minimum Trading Days.

You can pass the challenge in just a few hours. Other firms have 10 minimum trading days, but smart traders trade only a few times per month.

The E8 Challenge fee is $228 for a 25k account, which is the lowest they offer. To get funded, you must reach a $2000 profit or 8% during phase 1 and $1250 or 5% during phase 2

Number 3 in the best prop firms is The Trading Capital

The Trading Capital is a US firm with big trading accounts.

The smallest is 50k and the biggest is 500k. The Challenge has a fee of $449 for 50k and $1999 for 500k.

Phase 1 target profit is 8%, and phase 2 is 5%. There are 10 minimum trading days like FTMO.

Successful completion earns a funded account with 85/15. This is one of the best splits available.

Number 2 My Forex Funds

My Forex Funds is a UK firm with a fast trading platform.

Traders can get bonuses while being assessed and they offer a trading challenge for accounts from 5k to 300k. The smallest account size is 5k and the fee is $49. Phase 1 target is 8%, and phase 2 target is 5%.

Daily permitted drawdown is $250, and overall drawdown is $600. This brings us to number 1.

And finally Number 1 amonth the best Prop Firms is (drum roll)….FTMO

FTMO is the top firm on our list, based in Slovakia with a great reputation.

The firm designed their trading challenge to be rigorous and transparent, aiming to find the best traders and offer them a spot on their team.. Anyone can take part in the challenge, and it’s an excellent way to prove your skills.

The fee is $155EUR for a 10k account and $1080EUR for 200k account. The target profit is 5% for both the Challenge and Verification process.

If you complete the challenge, you’ll join the team with a profit split of 80/20. FTMO also provides innovative tools and educational resources to help traders improve.

Final Thoughts

Remember that this is not a sponsored blog post and the best prop firms are notsponsoring me, so this review is honest and fair.

One thing to keep in mind that is very important. All the 5 prop trading firms allow expert advisors or Trading Robots, as they’re more commonly referred to. That is why these are my top 5. Additionally, with all of them the payout cycle is Bi-weekly and the Leverage they offer is 1:100. Nothing more, nothing less.

There you have it, the top 5 prop trading firms that offer trading challenges and a range of services to help you successfully trade the markets.

I hope I managed to cover the most important aspects of each prop trading firm and your decision of which broker to use is made easier. If you do not have a trading strategy for a challenge yet, make sure to check the FTMO Master Class that I recently launched. It’s already helped many others to pass the challenge. Good luck and please let me know if you have any questions.

March 24, 2023