FRZ Prop Firm Challenger EA v4 fixed
FRZ Prop Firm Challenger is a fully automated robot designed to pass prop firm funding challenges such as FTMO. The EA trades based on a unique algorithm and works on the 15-minute timeframe. The EA will include the trading rules inbuilt so that the EA itself will monitor the daily and maximum loss levels. It is designed to work primarily on major currency pairs and also includes a news filter.
The EA should be used on at least 15 currency pairs. The recommended pairs are EURUSD, USDJPY, USDCAD, AUDUSD, GBPUSD, USDCHF, AUDCAD, AUDCHF, CADCHF, CHFJPY, EURAUD, EURCHF, EURCAD, EURGBP, EURJPY, GBPJPY, NZDCAD, NZDJPY, and NZDUSD. If you use it on a few pairs, you may not get the required no of trades to reach the target within the given time period. However, the EA does not take simultaneous trades on related pairs. For instance, if a trade is taken on EURUSD, the EA would not take another trade on any pair that has EUR or USD. Also, the trading pairs are randomly selected, and also take profit levels are randomly altered automatically. This would ensure that two users using the same EA on the same prop firm would not get the exact same trades.
Version History:
FRZ Prop Firm Challenger is a fully automated robot designed to pass prop firm funding challenges such as FTMO. The EA trades based on a unique algorithm and works on the 15-minute timeframe. The EA will include the trading rules inbuilt so that the EA itself will monitor the daily and maximum loss levels. It is designed to work primarily on major currency pairs and also includes a news filter.
The EA should be used on at least 15 currency pairs. The recommended pairs are EURUSD, USDJPY, USDCAD, AUDUSD, GBPUSD, USDCHF, AUDCAD, AUDCHF, CADCHF, CHFJPY, EURAUD, EURCHF, EURCAD, EURGBP, EURJPY, GBPJPY, NZDCAD, NZDJPY, and NZDUSD. If you use it on a few pairs, you may not get the required no of trades to reach the target within the given time period. However, the EA does not take simultaneous trades on related pairs. For instance, if a trade is taken on EURUSD, the EA would not take another trade on any pair that has EUR or USD. Also, the trading pairs are randomly selected, and also take profit levels are randomly altered automatically. This would ensure that two users using the same EA on the same prop firm would not get the exact same trades.
Version History:
- v1.0 – initial release
- v1.1 – minor bug fix
- v2.0 – Improved algo
- v3.0 – fix a bug in the daily loss calculation
- v3.2 to 3.61 – News filter updated & minor bug fixes
- v3.7 – Improved algorithm for higher accuracy and lower drawdown
– Added an option for a token stop loss – this is for those prop firms who make it mandatory to have a hard stop loss. This is just for the sake of having a stop loss and we never expect this top loss limit to hit.
– Now we have recommended pairs: EURUSD, USDJPY, USDCAD, AUDUSD, GBPUSD, USDCHF, AUDCAD, AUDCHF, CADCHF, CHFJPY, EURAUD, EURCHF, EURCAD, EURGBP, EURJPY, GBPJPY, NZDCAD, NZDJPY, and NZDUSD. - v3.8 to 3.9 – News filter bug and trade exit bug fixed
- v4.0 – Major improvements in the algorithm with improved accuracy and lower drawdown along with a few minor bugs being fixed.
