If you’re preparing for a prop-firm evaluation or already managing a funded account, you know the drill: strict daily loss caps, max drawdown limits, consistency rules, and no-nonsense risk management. Funded Firm EA V1 MT4 is designed with those constraints in mind. It focuses on small but steady gains, disciplined position sizing, and transparent logic that can be monitored at any time. In this guide, you’ll learn how it works, how to set it up, and how to use it responsibly to pass evaluations and sustain funded accounts.
What is Funded Firm EA V1 MT4?
Funded Firm EA V1 MT4 is an Expert Advisor for MetaTrader 4 built around risk-first execution. Instead of chasing aggressive returns, it aims for measured growth that respects common prop-firm rules. The EA’s core pillars are:
- Rule-aware risk (pre-trade checks against daily and absolute drawdown)
- Session filters (avoid low-liquidity/off-hours or news spikes)
- Position throttling (limits simultaneous exposure)
- Equity protection (auto-pause after daily target/loss is hit)
This makes it suitable for FTMO-style, MyForexFunds-style, or similar funded programs where the top priority is capital protection.
Who is it for?
- Evaluation candidates who must stay under strict daily drawdown and need steady, low-variance results.
- Funded traders who want to maintain consistent profits and avoid rule breaches.
- Part-time traders who prefer rule-based automation running within pre-defined hours.
How the Strategy Works (High-Level)
The EA blends trend confirmation with pullback entries and volatility filters:
- Market Bias Module
Determines directional bias using a fast/slow trend confirmation (e.g., moving-average structure or similar). Only trades in the direction of the active trend to reduce chop. - Signal Window & Pullback Logic
After trend confirmation, the EA waits for a controlled pullback (e.g., price retraces toward a dynamic level). This improves average entry quality and reduces FOMO trades. - Volatility/Session Filter
Trades only within user-defined sessions (e.g., London + early NY) and avoids abnormally high-impact news windows you specify. You can also limit trading on Mondays or Fridays if your firm’s rules recommend it. - Risk Guardrails
- Fixed fractional position sizing tied to account balance or equity.
- Daily loss cap: trading auto-pauses if reached.
- Max trades per day: throttle to preserve psychological and rule discipline.
- Optional equity-based trailing stop to lock in profits on green days.
- Exit Management
Combines a structure-based stop (below/above a recent swing) with asymmetric take-profit. Optional break-even and partial-close controls can be enabled to reduce drawdown during sudden spikes.
Key Features at a Glance
- Prop-firm rule presets: daily loss limit, equity stopper, daily profit target lock.
- Strict risk controls: per-trade % risk, max concurrent trades, and exposure caps.
- Session/time filters: choose trading days and hours; block news windows.
- Trade dashboard: see risk per trade, daily P/L, exposure, and session status.
- Multi-pair support: run on 1–3 major pairs for diversification (recommended).
- No martingale, no grid (optional): default mode avoids compounding risk.
- Break-even & partials: configurable to secure gains on favorable moves.
Setup Guide (MT4)
- Install the EA
- MT4 → File → Open Data Folder → MQL4 → Experts → paste the EA file.
- Restart MT4 and verify it appears under Navigator → Expert Advisors.
- Recommended Symbols & Timeframes
- Start with EURUSD and XAUUSD due to liquidity.
- Timeframes: M15–H1 for balanced signals.
- Trade 1–3 symbols max during evaluation; focus on quality.
- Account & Broker Settings
- Use raw/low-spread accounts with reliable execution.
- Verify the broker meets your prop firm’s requirements (hedging, leverage, EAs allowed, etc.).
- VPS recommended for 24/5 uptime and stable latency.
- Set the Risk Parameters
- RiskPerTrade: 0.25%–0.5% for evaluations; up to 0.75% for already funded if your rules permit.
- DailyLossLimit: set 0.5× to 0.7× of your prop-firm daily max to add buffer (e.g., if the firm allows 5%, set 2.5%–3.5%).
- MaxDrawdownStop: set a hard equity limit at 60%–70% of the firm’s overall max to avoid breaches.
- DailyProfitLock (optional): stop trading for the day after +1.0%–1.5% gain.
- Session Filters
- Enable London + early New York only to reduce overnight slippage and spreads.
- Disable trading during your specified high-impact news window if rules advise.
- Trade Management
- Stop Loss: place beyond recent market structure; typical initial SL 1–2× ATR (timeframe-dependent).
- Take Profit: 1.2–1.8× SL for higher win consistency; scale out at 1× to reduce variance.
- Break-Even: move to BE after +0.8–1.0× SL; optional partial close 30%–50%.
Suggested Starting Presets (Evaluation Mode)
- Pairs: EURUSD, USDJPY (add XAUUSD only if spreads/execution are stable)
- Timeframe: M30
- RiskPerTrade: 0.35%
- MaxConcurrentTrades: 1 per symbol (2 total)
- DailyLossLimit: 2.5%
- DailyProfitLock: 1.2%
- Avoid News: true; block 15 minutes before and 20 minutes after high-impact events
- Trading Days: Tue–Thu (optional), Mon/Fri off for stricter control
Tip: Start on a demo mirroring your evaluation conditions. Run at least 2–3 weeks of forward testing after any change.
Risk Management for Prop-Firm Rules
Passing evaluations is 80% risk discipline and 20% entries. Bake these into your plan:
- Guard the Daily Loss: Set your EA’s daily cap below the firm’s threshold to include spread jumps and slippage.
- Cap Exposure: Limit total lots across symbols. Correlated pairs can compound risk.
- Throttle Trading: After a losing trade, let the EA cool down—uncheck trading for the session or rely on built-in cooldown.
- Equity Stop: Hard-stop at the firm’s absolute drawdown minus buffer.
- Consistency: Avoid oversized outlier days. If the firm tracks consistency, use DailyProfitLock.
Backtesting & Forward Testing Workflow
- Historical Backtest
- Run at least 2–5 years per symbol on your chosen timeframe.
- Focus on max drawdown, average drawdown length, and profit factor > 1.2.
- Walk-Forward & Demo
- Forward test on a demo for 2–4 weeks with prop-style risk.
- Review daily equity curves to ensure no breach days.
- Evaluation Phase
- Reduce pairs if equity swings are too wide.
- Keep strategy unchanged; rule violations often happen when traders “tweak mid-challenge.”
- Funded Phase
- Lower risk slightly to sustain longevity.
- Consider adding a second symbol only after at least 10–20 green trading days.
FAQs
Q: Does it use martingale or grid?
A: Default mode is no martingale, no grid. You can keep it that way for prop-firm safety.
Q: Can I run multiple charts?
A: Yes, but limit total risk and concurrent trades. Use the EA’s exposure cap.
Q: How do I avoid news spikes?
A: Enable the news/time filter and set a pre/post buffer. Alternatively, disable trading around key releases.
Q: What profit target should I aim for?
A: For evaluations with 8–10% total targets, a 1–1.5% daily lock can reach the goal within 10–20 sessions without large drawdowns.
Q: What if spreads widen at rollover?
A: Disable trading during swap/rollover hour or set a spread filter threshold.
Best Practices & Common Mistakes
- Do keep risk small and let compounding work over time.
- Do verify broker and symbol contract specs before going live.
- Don’t manually interfere mid-trade unless rules demand.
- Don’t chase losses with higher risk after drawdowns.
- Do use a VPS and stable internet to avoid missed controls or slippage.
Final Verdict
Funded Firm EA V1 MT4 is built for traders who value rule compliance and steady performance over flashy equity curves. When combined with disciplined presets, a prop-aware schedule, and meticulous risk limits, it can help you pass evaluations and maintain funded accounts with fewer surprises. Always remember: the EA is a tool—your risk plan is the edge.
