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Again not true. I researched 43 prop-firms and only 5 of them discouraged the use of EAs.
However, those same 5 prop-firms, would still allow EAs, provided the EA executables were submitted for testing and evaluation, and if they passed, they would be allowed for live trading.
I researched prop firms in the USA, Canada, UK, Liechtenstein, Malta, Cyprus, Czech Republic, Israel and UAE.
EDIT: Obviously, I only researched prop-firms that offered MetaTrader as a platform. I did not research others that did not.
Some prop-firms want to examine your EA' code before permitting to use it (precondition), is't it ridiculers?
It is their capital that is at risk with your trading. I would think it quite normal for them to want to make sure your EA is not going to cause them losses.
However, there are only a few that have that condition.
Looks promising when used for challenge and verification but highly unlikely to survive the real trading condition.
Has anyone actually used an EA for passing their prop firm challenge and maintaining their prop firm accounts over a long period of time? If so, do you have proof? Trade history on myfxbook, for example? Thanks!
An indirect yet valid reply to Your question is that You should analyze what the rules and requirements in term of drawdown, trailing drawdown, profit and time of such firms are and forecast the expectancy of an hypothetical well successful strategy against those rules with an appropriate statistical software. The results may be discouraging.
Again not true. I researched 43 prop-firms and only 5 of them discouraged the use of EAs.
However, those same 5 prop-firms, would still allow EAs, provided the EA executables were submitted for testing and evaluation, and if they passed, they would be allowed for live trading.
I researched prop firms in the USA, Canada, UK, Liechtenstein, Malta, Cyprus, Czech Republic, Israel and UAE.
EDIT: Obviously, I only researched prop-firms that offered MetaTrader as a platform. I did not research others that did not.
Such recommendations are not allowed on the forum, but as stated, most allow EAs anyway.
Pls can you share list of those pf that allow eas and those that don't? Thanks
If you Google "prop firm comparison" you'll find several sites that allow you to compare different prop firms on various criteria, including whether or not they allow EAs.
I'll make the point, though, that even those that allow EAs:
No one is going to give you , you have to develop your own with own research and analysis,
Lets suppose if some one agrees to give you prop ea at a considerable price ..but they will definitely not share strategy.