Introduction
In the competitive world of forex trading, passing a proprietary trading firm’s (prop firm’s) evaluation is a significant milestone for aspiring traders. HFT PropFirm EA V5.813 MT5, also known by its distinctive GreenMan logo, is a cutting-edge Expert Advisor (EA) developed to help traders efficiently navigate and pass these rigorous prop firm challenges. Created by Dilwyn Tng, GreenMan EA has earned a strong reputation among traders due to its high-frequency trading (HFT) capabilities, which enable it to excel in fast-paced trading environments.
What sets this EA apart is its fully automated nature, which allows it to execute trades without the need for constant monitoring or manual intervention. With a robust performance history, including over 700 five-star reviews for its MT4 version, the GreenMan HFT PropFirm EA MT5 is a reliable solution for traders aiming to succeed in prop firm evaluations, where consistency and low drawdown are key.
In this blog post, we will dive into the details of HFT PropFirm EA V5.813 MT5, covering its key features, performance, backtesting results, installation guide, and everything you need to know to get started with this exceptional trading tool.
Overview
HFT PropFirm EA V5.813 MT5 is a specialized tool designed for prop firm traders who need to pass the challenge of demonstrating consistent profitability in a short amount of time while adhering to the firm’s risk management rules. With its high-frequency trading capabilities, the EA is built to work under the pressure of time-sensitive prop firm evaluations, ensuring it can make split-second decisions and execute trades efficiently.
The EA operates fully autonomously, automatically adjusting key trading parameters such as account size, lot sizes, and even pausing once a target is hit. This removes the need for continuous oversight, making it ideal for traders who need a reliable, hands-off solution to pass evaluations.
Upon purchasing HFT PropFirm EA V5.813 MT5, traders are also gifted with a FREE All-In-One Breakout EA account license, adding even more value to this already powerful tool.
The GreenMan EA is compatible with Fusion Markets and other well-known prop firms, providing users with the flexibility to trade across various platforms.
Key Features
Here’s a closer look at the key features of the HFT PropFirm EA V5.813 MT5, which make it an essential tool for passing prop firm challenges:
- Tailored for Prop Firm Challenges: This EA is built specifically to meet the requirements of high-frequency prop firm challenges. It has been optimized for minimal drawdown while ensuring it passes evaluations with ease. Its robust performance metrics ensure that it complies with the risk management rules set by the firms, such as low maximum drawdown and tight stop losses.
- Fully Automated Trading: Once installed, the EA automatically manages every aspect of your trading strategy. It can adjust its lot sizes, trading frequency, and even pause its activity once predefined profit targets are reached. This feature eliminates the need for manual intervention, allowing you to pass prop firm evaluations while you focus on other tasks.
- Auto Pause on Target Hit: An important feature of this EA is its ability to pause trading once a profit target has been hit. This feature helps avoid overtrading and locks in profits. It’s a vital tool for traders looking to maintain consistency and avoid unnecessary risks during evaluations.
- Comprehensive Support: Traders who are new to automated trading can take advantage of the comprehensive support provided with HFT PropFirm EA V5.813 MT5. This includes detailed setfiles, a full manual, and video tutorials covering VPS setup, MT5 installation, and EA configuration. Remote desktop support via TeamViewer or AnyDesk is also available for beginners, ensuring that you have all the guidance you need to set up and run the EA efficiently.
- Free All-In-One Breakout EA: With every purchase of the HFT PropFirm EA V5.813 MT5, you also receive a free license for the All-In-One Breakout EA, which enhances the overall package. This EA can be used alongside the HFT EA for additional strategies that target market breakouts.
- Broker and Prop Firm Compatibility: The GreenMan HFT PropFirm EA V5.813 MT5 supports a range of well-known brokers and prop firms. It has been tested and optimized to work with companies like Irizone Fx, We Fund, Coin Funded, Optimal Trader, Capalantis, Delta Funding FX, and more. However, always ensure you verify that your prop firm supports HFT trading before purchasing this EA.
Backtesting Results
Backtesting is an important step to ensure the EA’s performance before using it in live conditions. The HFT PropFirm EA V5.813 MT5 has shown impressive results when backtested on popular indices like Dow Jones (US30). Here are the key details:
- Timeframe: Any, but best results have been seen on 1-minute timeframes (perfect for simulating high-frequency trading).
- Symbol: Focused on indices like US30 (Dow Jones).
- Modelling: 1-minute OHCL data (to simulate true HFT trading conditions).
- Results: Excellent profitability with low drawdown observed across multiple backtesting periods.
Important Backtesting Settings:
- Account Size: Set to 100,000% to simulate a robust account size in high-frequency trading.
- Setfiles: No custom setfile is needed as the default settings perform well.
These backtesting results demonstrate the EA’s ability to perform efficiently under simulated market conditions, although real live results may differ due to factors like slippage, spread, and broker execution times.
Recommended Settings
To achieve optimal performance with HFT PropFirm EA V5.813 MT5, the following settings are recommended:
- Timeframe: Best on M1 (1-minute) and M5 (5-minute) for high-frequency execution.
- Minimum Deposit: $500 (minimum recommended deposit to achieve optimal performance).
- Leverage: 1:500 to maximize margin flexibility and allow for larger trades.
- Currency Pairs: EURUSD, GBPUSD, USDJPY (high liquidity pairs preferred for HFT).
- Risk Management: Conservative risk settings are recommended for beginners, with customizable risk levels for advanced users.
- Auto Pause: Enabled once the predefined target is met to lock in profits and avoid overtrading.
Installation Guide
Follow these detailed steps to install and configure HFT PropFirm EA V5.813 MT5:
- Download the EA: After purchasing, download the HFT PropFirm EA V5.813 MT5 from a trusted source.
- Install on MetaTrader 5 (MT5):
- Open MT5 and go to File > Open Data Folder.
- Find the Experts folder and place the downloaded EA file there.
- Restart MT5: Restart the MT5 platform to refresh the EA list.
- Attach EA to Chart: Open the chart for your desired trading pair (e.g., EURUSD), and drag the EA from the Navigator window onto the chart.
- Configure Settings: Customize settings as per your risk profile, including lot size, account size, and target profits.
- Enable Auto-Trading: Ensure that AutoTrading is enabled in MT5 for the EA to execute trades automatically.
Advantages
- Automated Trading: Fully automated, requiring minimal supervision and no manual intervention.
- Optimal for Prop Firm Challenges: Specifically designed to meet the requirements of HFT prop firm challenges, ensuring a higher probability of success.
- High-Frequency Trading: Leverages advanced algorithms to execute trades rapidly and efficiently, ideal for passing prop firm evaluations.
- Comprehensive Support: Includes manuals, setfiles, tutorials, and remote desktop support to ensure easy setup and smooth operation.
- Proven Track Record: Backed by over 700 five-star reviews for its MT4 version, demonstrating its reliability.
Disadvantages
- Slippage and Spread: Brokers and prop firms often introduce slippage and high spreads, which can affect performance in live trading accounts.
- Not for Live Trading: This EA is specifically designed for passing prop firm challenges and is not intended for use in live, funded accounts due to the inherent risks of slippage and high spreads.
- VPS Requirement: For optimal performance, a low-latency VPS (200ms or lower) is recommended.
- Not Universal for All Prop Firms: While it supports many firms, some may not be compatible with the EA, especially those that don’t offer true HFT accounts.
Conclusion
The HFT PropFirm EA V5.813 MT5 is a highly specialized automated trading tool, tailored for those looking to pass the high-frequency trading challenges set by prop firms. Its fully automated system, low drawdown, and high-frequency trading capabilities make it an excellent choice for traders looking to scale through prop firm evaluations with minimal effort. With the right settings and support, this EA can help you pass even the most challenging prop firm evaluations, opening the door to funded trading opportunities.
Support & Disclaimer
Support
If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:
WhatsApp: https://wa.me/+443300272265
Telegram Group: https://t.me/yoforexrobot
Disclaimer: Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.
Reference
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