Forex EA Settings Guides

FFM PROPFIRM EA MT4: Complete Settings Guide

Posted on by Jason Chen
Table of Contents

FFM PROPFIRM EA MT4: Complete Settings Guide

FFM PROPFIRM EA MT4 is a specialized Expert Advisor designed to help traders pass proprietary trading firm challenges, demonstrated by successfully passing a 100K FTMO Challenge in just 3 days. This guide will help you understand and customize its parameters according to your trading style and risk tolerance. The EA employs trend analysis and adaptive risk management to achieve consistent results with controlled drawdown.

Detailed information regarding FFM PROPFIRM EA MT4 can be accessed here.

Detailed Analysis of Input Settings of FFM PROPFIRM EA MT4

FFM PROPFIRM EA MT4 organizes its parameters into five functional groups: Basic Trading Settings, Dynamic Lots Settings, Drawdown Settings, Martingale Settings, and ATR Settings.

FFM PROPFIRM EA MT4 Inputs

Basic Trading Settings

Parameter NameDescriptionDefault ValueRange/Recommended ValuesImpact
SerialKeyProduct license validation keyNot displayedProvided upon purchaseEnables EA functionality
LotSizeFixed trade size in standard lots0.010.01-0.1 for $1000 accountsHigher values increase both profit potential and risk
TPPipsFixed take profit distance in pips0.010-50 pips if using fixed TPSet to 0.0 when using dynamic take profits
SLPipsFixed stop loss distance in pips0.010-30 pips if using fixed SLSet to 0.0 when using ATR-based stop loss
TPAmountAlternative profit target in account currency0.0$10-$100 based on account sizeCloses trade when specified profit amount is reached
UseATRSLEnables ATR-based stop loss calculationtruetrue for volatile marketsCreates adaptive protection against market volatility
SLATRMultiplier for ATR-based stop loss1.00.5-2.0Higher values create wider stops with lower risk of premature exit
CommentsCustom text added to trade comments“Trade Comments”User-definedHelps identify trades for analysis
UseTrend_AnalysisEnables trend-following filtertruetrue for directional tradingReduces counter-trend entries
Trend Analysis TimeframeChart timeframe for trend calculationcurrentSame as chart timeframeAffects trend identification accuracy

Dynamic Lots Settings

Parameter NameDescriptionDefault ValueRange/Recommended ValuesImpact
IsDynamicLotsEnables risk-based position sizingfalsetrue for account-proportional riskAdjusts lot size based on account balance
Risk_PercentPercentage of balance risked per trade5.01.0-3.0 for conservative riskHigher values increase potential profit but amplify drawdown

DD (Drawdown) Settings

Parameter NameDescriptionDefault ValueRange/Recommended ValuesImpact
UseDrawdownActivates drawdown control mechanismtruetrue for risk managementProtects account from excessive losses
InitialBalanceStarting balance for drawdown calculation1000Match your actual starting balanceServes as reference point for drawdown percentage
DDClosing (%)Maximum allowed drawdown percentage2.01.0-3.0 for prop firm challengesLower values provide tighter risk control
TurnOffAutoTradingDisables EA when drawdown limit reachedtruetrue for prop firm challengesPrevents further losses after preset drawdown level

Martingale Settings

Parameter NameDescriptionDefault ValueRange/Recommended ValuesImpact
UseMartingaleEnables position size increase after lossesfalsefalse for safer tradingSignificantly increases risk when enabled
MartingaleLotMultiplierFactor to increase lot size after loss1.51.2-1.5 if using martingaleHigher values accelerate risk exposure
NextTradeDistancePipsMinimum distance between martingale trades10.010.0-20.0 pipsGreater distance reduces trade clustering
MaxMartingaleTradesMaximum consecutive martingale trades103-5 for limited riskLower values cap potential losses

ATR Settings

Parameter NameDescriptionDefault ValueRange/Recommended ValuesImpact
ATRTimeframeTimeframe for ATR calculationcurrentSame as chart timeframeAffects stop loss adaptability
ATRPeriodNumber of bars for ATR calculation147-21Lower values create more reactive stops

Summary and Recommendations

  • Keep drawdown control active with conservative 1-2% settings for prop firm challenges.
  • Start with lower lot sizes or 1-2% risk percentage for dynamic lots.
  • Test thoroughly on demo accounts before deploying with real capital.
  • Avoid enabling martingale unless you fully understand the exponential risk implications.
  • Match ATR timeframe with the chart timeframe used for consistent volatility measurement.
  • Consider disabling fixed TP/SL (0.0 values) when using ATR-based stops for better adaptation.
  • Monitor initial trading sessions closely to verify settings behave as expected.
  • Verify lot sizes are appropriate for your account balance to prevent overleveraging.
  • Use VPS services to ensure continuous EA operation and prevent disconnections.
  • Run regular backtest validations when market conditions change significantly.
  • Maintain the default “false” setting for martingale to prevent uncontrolled drawdowns.

Important Risk Warning

Trading Forex involves substantial risk of loss. Past performance of this EA is not indicative of future results, and market conditions can change rapidly. Users are solely responsible for their trading decisions, risk management, and EA configuration. Test thoroughly on demo accounts before live trading. The developer assumes no liability for any losses incurred from using FFM PROPFIRM EA MT4.

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Jason Chen

I'm Jason Chen, the founder of EaOnWay.com. With over 15 years in Forex trading and a background in Computer Science, I started EaOnWay to cut through the noise and hype. My goal is to give you clear, honest insights and practical, risk-aware education about Forex Expert Advisors, so you can trade with more confidence

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