Free Forex Prop Firm EA – Input Settings Explained (MT4/MT5)

Looking to pass your forex prop firm challenge or manage a funded account like FTMO, MFF, or E8 Funding? Our Free Forex EA is designed with powerful, customizable input settings to help you trade professionally, with full control over every move the EA makes.

Below is a breakdown of what each input setting means — explained in simple terms — so you can use this expert advisor with confidence and optimize it to suit your trading goals.

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📊 Orders Management

You can control how many trades the EA places and how it spaces them. There’s an option to set the minimum distance between orders (to avoid overloading your account) and limit the total number of open trades. You can also define a minimum Take Profit level and decide whether or not you want a fixed Stop Loss on every trade. This gives you flexibility while staying protected.

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💰 Money Management

This section lets you manage how the EA handles risk. You can:

• Set a target profit in dollars for the day or session
• Choose your lot size mode (fixed, dynamic, or scaling)
• Define the minimum and maximum lot sizes

These options are great for traders looking to follow strict prop firm risk rules.

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📈 Trend Indicators

To avoid trading during sideways or risky market conditions, the EA uses built-in trend filters:

• RSI Filter: Helps the EA trade only when the market is overbought or oversold
• Moving Average Filter: Lets the EA trade in the direction of the overall trend

You can enable one or both of these filters based on your strategy. These filters improve accuracy and help reduce drawdown.

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🔒 Daily Limits and Protections

You can activate daily profit targets and daily loss limits to protect your account:

• If the EA hits your profit goal, it will stop trading for the rest of the day
• If the daily loss limit is reached, it will also stop trading to protect your capital

These built-in limits are especially helpful for passing prop firm challenges.

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📰 News and Spread Filters

The EA includes a news filter to avoid trading during high-impact events — which can cause wild price swings. It also has a spread filter, so the EA won’t open trades when your broker’s spread is too high. These filters help keep your trading accurate and safe.

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🕒 Trading Sessions

Want to avoid trading during low-liquidity hours or news spikes? You can set up to three custom trading sessions during the day. This ensures the EA only trades during the times you prefer — like the London or New York sessions.

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🎯 Magic Number (Advanced)

This unique ID helps the EA track its own trades — especially useful if you’re running more than one EA on the same account.

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✅ Why Use This Free Forex EA?

This expert advisor is perfect for:

• Passing prop firm challenges with tight rules
• Managing risk with precision
• Avoiding over-trading
• Trading smarter using trend filters and session timing
• Staying protected during news and high spreads

🎁 Best of all, it’s completely free to download and use. No license, no activation — just plug, set your preferences, and let it run!

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Start using our Free Forex Prop Firm EA today and gain the edge you need to succeed in funded trading!