This is a free trading assistant tool (EA) designed for trading for FTMO and other similar prop trading firm tests. It will basically monitor the daily loss and maximum loss limits and whenever such limits (subject to a preset buffer) are reached, trades are automatically closed so that you will not lose the test by a simple error. You just need to load the EA to one of the charts on your MT4 and then EA will start monitoring the trades on all the charts of your MT4.
- Daily loss & max loss guard – the EA will monitor these limits and will close the trades before the account hits any of those limits.
- Target management: EA will close all the trades when the profit target is achieved.
- Trading buttons: You can simply click on the on-chart buttons to enter and manage trades . You can use a fixed lot size or a percentage of balance per trade. These trading buttons can be dragged and dropped to any place on chart (please make sure you switch off auto trading before trying this otherwise it may create trades).
- Inbuilt news indicator: The EA features an inbuilt news indicator so that you can easily see the upcoming high-impact news events on the chart itself. NB: In order for the news indicator to work, please make sure you have allowed https://barchart.com and http://ec.forexprostools.com as an allowed web request URLs under Tools =>Options =>Expert Advisers of your MT4 platform.
- Weekend auto trade close: You may opt to close trades at the end of the Friday trading to ensure trades are not kept over the weekend.
- Mobile notifications: on loss limits or target achievement or terminal being disconnected from broker server.
- Info panel: You can see all the main statistics on the screen to easily understand the current situation.
PDF Manual is issued with the product explaining these settings.
|Product name||FRZ Prop Trading Assistant|
|Forex Platform supported||MT4|
|Time frames supported||Any|
|Supported pairs||Any currency/metal pair|