Hi Ilan, thank you again for your detailed response and tips. I’ll try all the EAs this weekend when the top 10 is refreshed.
My follow up question – the daily maximum loss for the funded account is between 3% – 5% on most of the prop firms.
Am I understanding this correctly that each of the Prop Firm Robot (EA) is risking 1% at mid level? If I use 3 different EAs on a single prop firm account. I could risk 3% in total and this means I will breach the account if all of them hit stop loss?
I understand to pick the best performing currency pair from the last week’s result in the demo account. If the best performing currency is USDJPY and there are 4 EAs are with this currency pair. I would download all 4 EAs and load them up in my Prop fund account. Would this create some issues with max daily loss limit?
I know we can reduce to 0.5% low risk setting but I am just wondering what’s the maximum EAs on the same currency pair we should use?
Another question follows this – if the prop firm restricts the hedging within the same currency pair, then this would create some issues if we are using multiple EAs on the same currency pair as they could enter both buy and sell trades.