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Looking for prop firm matching these criterias for my strategy

  • #1
  • First Post: Jul 4, 5:48am (22 hr ago) Jul 4, 5:48am (22 hr ago)
Hi guys

I hope you can help sharing your experiences...

I'm looking for reliable prop firm allowing :

\- use of EA on mt5 vps (not high frequency but rarely some 10 sec trades)

\- low or correct spread on xauusd, ideally about 0-12 pips, same if commission

\- the max allowed DD compared tone expected profit as my EA will DD but within control

\- at last 2-3 months time to make safely the required profit (the smaller the better)

\- hold over week end even if rare

\- allow trading while news example trades closed due to the news, sometimes (i don t do specific new trading)

\- allow some light martingale/grid always within allowed loss/dd

\- if possible allow no fixed SL for trades (but sure it's lost of too much DD)

\- allow withdraw profit by crypto if possible

Many thanks for your reply !
  • #2
  • Jul 4, 4:02pm (12 hr ago) Jul 4, 4:02pm (12 hr ago)
Quoting elvis1
Hi guys I hope you can help sharing your experiences... I'm looking for reliable prop firm allowing : \- use of EA on mt5 vps (not high frequency but rarely some 10 sec trades) \- low or correct spread on xauusd, ideally about 0-12 pips, same if commission \- the max allowed DD compared tone expected profit as my EA will DD but within control \- at last 2-3 months time to make safely the required profit (the smaller the better) \- hold over week end even if rare \- allow trading while news example trades closed due to the news, sometimes (i don...
I put all of those parameters into my prop firm algorithm and here's what I came up with

Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #3
  • Jul 4, 6:21pm (10 hr ago) Jul 4, 6:21pm (10 hr ago)
Quoting elvis1
Hi guys I hope you can help sharing your experiences... I'm looking for reliable prop firm allowing : \- use of EA on mt5 vps (not high frequency but rarely some 10 sec trades) \- low or correct spread on xauusd, ideally about 0-12 pips, same if commission \- the max allowed DD compared tone expected profit as my EA will DD but within control \- at last 2-3 months time to make safely the required profit (the smaller the better) \- hold over week end even if rare \- allow trading while news example trades closed due to the news, sometimes (i don...
pretty sure its impossible to match all of that, you can't be perfect on those things, don't look for perfection and try to maximize your payouts following prop firms rules.
  • #4
  • Last Post: Jul 4, 8:03pm (8 hr ago) Jul 4, 8:03pm (8 hr ago)
Quoting elvis1
Hi guys I hope you can help sharing your experiences... I'm looking for reliable prop firm allowing : \- use of EA on mt5 vps (not high frequency but rarely some 10 sec trades) \- low or correct spread on xauusd, ideally about 0-12 pips, same if commission \- the max allowed DD compared tone expected profit as my EA will DD but within control \- at last 2-3 months time to make safely the required profit (the smaller the better) \- hold over week end even if rare \- allow trading while news example trades closed due to the news, sometimes (i don...
I've never tried a prop firm so it's just my opinion, but from the research online, it seems they love to call everything "gambling" if it suits their needs. Even making multiple entries of the same lot size, in the same direction, on a given pair, can be considered "gambling." From what I've seen so far, prop firms are one of the lowest of the lows.
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