HFT Prop Firm EA review 📈 Is it GOOD or BAD? (2024)

The HFT Prop Firm EA, adorned with the distinctive GreenMan logo, emerges as an Expert Advisor tailored explicitly for navigating challenges set by proprietary trading firms (prop firms) that embrace High-Frequency Trading (HFT) techniques. This review delves into the intricate features that set HFT Prop Firm EA apart, providing a comprehensive overview of its capabilities.

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The HFT Prop Firm EA efficiently meets challenge targets within remarkably short timeframes while maintaining an impressively low drawdown. Its specialized HFT strategy identifies significant market movements, deploying a stop-loss mechanism and boasting a built-in equity protector that halts operations upon reaching the predefined target.

💹 Pro Ratio Money Management: A Strategic Edge

A distinctive feature of HFT Prop Firm EA is Pro Ratio Money Management (PRMM), dynamically adjusting lot sizes for rapid challenge completion without substantial drawdowns. For a hands-on approach, the EA allows manual entry of lot sizes, providing flexibility. Automatic gain-based money management further enhances efficiency.

🔄 Active Market Detection: Swift Navigation Through HFT Challenges

HFT Prop Firm EA proactively detects market conditions, operating exclusively during active market hours. This targeted approach ensures optimal performance, swiftly completing prop firm HFT challenges—often in less than an hour.

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📊 Backtesting Insight: Verifying Performance with Precision

Before engaging in high-stakes challenges, users can assess the EA’s performance through backtesting. Default settings focusing on the US30 symbol at a one-minute timeframe simulate real-world scenarios. Users are advised to reach out via private message for any backtesting issues, showcasing developer support.

🌐 Prop Firm Prowess: Tested and Proven

The HFT Prop Firm EA underwent rigorous testing across various prop firms, including Fast Forex Funding, Infinity Forex Funds, Next Step Funding, Quantec Trading Capital, Kortana Fx, Pro Trade Funded, Social Trading Club, and M Solutions. Its adaptability and effectiveness are evident in navigating challenges from diverse firms.

❌ Not Every Realm: Limitations and Recommendations

HFT Prop Firm EA excels in HFT prop firm challenges but doesn’t support other prop firms, brokers, or funded prop firm accounts. Users are advised to consult external review platforms and conduct thorough due diligence before embarking on their HFT journey.

💻 Technical Requirements: Setting the Stage for Success

For seamless operation, HFT Prop Firm EA requires a Virtual Private Server (VPS) with latency less than 30ms. Lower latency enables quicker target achievement. The EA recommends a timeframe of 1 minute or 5 minutes for user flexibility.

📉 Market Compatibility: Tailored for HFT Prop Firm Challenges

HFT Prop Firm EA is designed for specific symbols such as US30 (DJ30, WS30), GER30 (DE30), or other indices offered by prop firms. Setfiles for US30 are provided upon purchase activation, streamlining the setup process.

⚠️ Important Considerations: A Word of Caution

The EA isn’t a martingale or grid system, operating by opening and closing one trade at a time. It’s purpose-built for HFT prop firm challenges and isn’t tested for other challenge types, funded prop firm accounts, or live broker accounts.

📅 Pricing and Bonuses: Unlocking the Full Potential

Priced at 200 USD, HFT Prop Firm EA offers a compelling solution for traders seeking to conquer HFT prop firm challenges. A free demo with over 5,000 downloads provides a risk-free opportunity for users. Leaving a review after successfully passing challenges grants a free tool to monitor lot size consistency for funded accounts.

📝 Final Thoughts: Navigating HFT Challenges with Precision

In conclusion, HFT Prop Firm EA (Green Man) is a powerful tool for traders conquering HFT prop firm challenges. Its strategic features, coupled with robust testing across multiple prop firms, attest to its reliability. Users should heed recommendations, conduct due diligence, and leverage extensive support for optimal results in High-Frequency Trading.

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Disclaimer: The information provided in this review is based on publicly available data and user feedback. It is essential that you conduct thorough research and exercise caution before making any financial decisions. Please note that these services or products are not affiliated with tradingservices.io.

HFT Prop Firm EA review 📈 Is it GOOD or BAD? (2024)

FAQs

What percentage of people pass prop firm challenges? ›

The article from Lux Trading Firm provides slightly different results. According to it, 4% of traders, on average, pass prop firm challenges. But only 1% of traders kept their funded accounts for a reasonable amount of time.

Which is the most trusted prop firm? ›

The most popular prop trading firms and funded programmes
  • Axi Select.
  • FTMO.
  • The Forex Funder.
  • E8 Markets.
  • True Forex Funds.
  • The 5%ers.
  • Funded Next.

Is HFT trading legit? ›

Risks of High-Frequency Trading

The ratio is much greater than the classic investor who invests with a long-term strategy. A high-frequency trader will sometimes only profit a fraction of a cent, which is all they need to make gains throughout the day but also increases the chances of a significant loss.

What are the best prop firms for EA's? ›

One of the most common trading strategies for prop traders is to use an Expert Advisor. However, not all prop firms permit the usage of EAs, but many do. FundYourFX, The 5%ers, and FundedNext are the top 3 prop firms that allow the usage of EAs.

What is the success rate of prop firm evaluation? ›

It is estimated that only 4% of Forex traders succeed with prop firm challenges, and only 1% of traders can generate profits consistently without violating any rules.

How do you pass prop firm evaluations? ›

One of the most crucial aspects of passing a prop firm challenge is having a well-defined trading strategy. A trading strategy is a set of rules that guide your decision-making process in the market. It includes entry and exit criteria, risk management rules, and trade management techniques.

Which prop firms accept HFT? ›

Proprietary Trading FirmHigh-Frequency Trading During EvaluationHigh-Frequency Trading During Funded Status
FunderPro
Funding Pips
Glow Node
Goat Funded Trader
36 more rows
Apr 2, 2024

Do prop firms really pay out? ›

Yes, prop firms do pay. While there are some scams out there popping up everyday, reputable prop trading firms like True Forex Funds, FTMO,5%ers,FundedNext are legitimate and pay traders according to their profit-sharing agreements. As for True Forex Funds, I can vouch for their credibility.

Does FTMO allow HFT? ›

Does FTMO allow high-frequency trading (HFT)? Short answer is No. While FTMO does not explicitly prohibit the use of HFT strategies, they do have strict rules and guidelines for traders with that trading strategy.

Is HFT still legal? ›

Yes, high-frequency trading is legal.

What are the pros and cons of HFT? ›

High-frequency trading offers significant benefits to online Forex brokers, including speed, liquidity provision, risk management, and data analysis. However, it also comes with disadvantages such as increased market volatility, concerns about market manipulation, high infrastructure costs, and regulatory scrutiny.

Who is the owner of HFT? ›

Eric Smidt is the owner and CEO of Harbor Freight Tools which he co-founded with his father, Allan Smidt, in 1977. Under Eric's leadership, Harbor Freight Tools has become the leading discount tool retailer in the United States with over 1500 stores and 25,000 associates nationwide.

Can you use EA for prop firm? ›

Trading in a prop firm with EA support offers unique opportunities to manage and scale a funded account. The best prop firms for retail traders offer flexible rules to leverage Expert Advisor (EAs) in forex. Traders can utilize EAs to analyze market data, make informed decisions, and automate trades.

Why is FTMO banned in US? ›

FTMO have now restricted access to all new US-based traders as of January 2024. This appears to be related to regulatory issues and may have something to do with the recent My Forex Funds case.

What is the best instant funding prop firm? ›

While FTMO stands out as the best overall prop firm, other options such as Fidelcrest, 5%ers, BluFX, Glow Node, Smart Prop Trader, FTUK, Instant Funding, and SurgeTrader also offer attractive features and benefits.

How many people pass FTMO challenge? ›

There is estimated to be a 90% fail rate of traders that take the FTMO challenge. The reason behind this is due to traders chasing the profit target with a time restriction in place. A trader doesnt know when a winning streak might occur, or when they may take a string of drawdowns.

How many traders fail prop firm challenge? ›

They're given harsh targets, limited time, no support, and huge leverage – a perfect storm! It's not surprising that 95% of traders fail their challenges!

Is it possible to pass prop firm challenge? ›

A prop firm challenge is a simulated trading environment where you have to prove your skills and meet certain performance criteria within a given time frame. It can be a daunting task, especially if you are new to trading or have limited experience. However, passing a prop firm challenge is not impossible.

What happen if you pass prop firm challenge? ›

Account Funding and Scaling

Upon successfully passing a Prop Firm Challenge, traders may be required to fund their trading accounts with an initial amount. The firm may also have scaling plans that determine how much capital traders can access based on their performance.

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