NB: This EA is suitable only for passing prop firm challenges and verifications. This is not recommended for trading after getting funded.
FRZ Prop Buster is a fully automated expert adviser/robot designed to pass prop firm funding challenges and verifications. The EA works on the 5-minute charts on a scalping strategy. You can use it on forex pairs involving EUR, USD, GBP, JPY, CAD, AUD, and CHF. You can start with 10-15 pairs as necessary depending on how the market performs. 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. It also includes an automatic news filter.
The EA includes a prop trading account monitoring module that will monitor the daily and maximum loss levels. The EA can be used for passing challenges and verifications and is not recommended for trading after getting funded.
The EA also makes use of an advanced external live data analytics server that analyzes fundamental and sentimental data. Therefore part of the strategy is executed on an external server to improve the accuracy and performance.
All the EA settings are explained in the user manual in our knowledge base.
|Product name||FRZ Prop Buster EA|
|Platforms Supported||MT4 & MT5 Versions Available|
|Time frames supported||05 Minute Charts|
|Trading pairs||Forex pairs involving EUR, USD, GBP, JPY, CAD, AUD, and CHF|
The license quantity represent the no. of trading accounts that you can use the software simultaneously. You can download the software instantly after the payment but you need to inform us your account number/s for licensing for activation. The account licenses can be transferred to a different account on a nominal transfer fee. Existing customers are entitled for free updates subject to our terms. The full details on the licensing policy is given here. The full terms and conditions including the refund policy are given on this page.
FRZ Prop Buster EA MT4
Personalized support (remote desktop/providing set files) on first installation/automation (please request within 14 days of purchase). General live chat, support ticket and email support are available thereafter. However if you need personalized support (remote desktop/providing set files) for any installation/automation beyond this scope, you can always hire one of our experts at an additional fee. More details on support is given here.
FRZ Prop Buster EA MT4
Frequently Asked Questions
>>Is there a guarantee that I pass each and every prop firm test I take?
Obviously No. There is no guarantee that this software will pass prop firm challenges each and every time you try. We do not refund either if you fail.
Please note our software is provided “as is”, without any warranty or condition of any kind, express, implied, or statutory. The past performance of any trading system is not necessarily indicative of future results.
>>What are the pass rate, expected returns, and drawdowns?
We do not provide any specific figures as the past performance of any trading system is not necessarily indicative of future results. But there is a good possibility that you could pass or at least qualify for a free repeat as offered by most prop firms. But, there is always a risk of failure as no one can make guarantees in trading. You may try our DEMO to have an idea of how it trades.
>>Can I use it on any prop firm?
Yes, basically, if your prop firm allows the use of EA then this should be fine. However, if your prop firm has other special rules, you may contact us to see if that is okay with this EA.
>>Can I use the EA on any prop account size?
Yes. You just need to adjust the lot size and account details under settings according to your account size.
>>Do you use martingale, grids, hedging, tick scalping, arbitrage?
The EA does not use any martingale, grids, hedging, arbitrage, or tick scalping methods. However, it uses DCA averaging.
>>Can I backtest on Strategy Tester before I use it on the live prop account?
The full version makes use of an external analytics server, which will not work on back-testing. However, you may use our DEMO version to do back-testing, which does not use the external server data; in this case, the accuracy would be impacted but you can have a general idea of how it trades.
>>Which lot size should I select?
We recommend you start with 1 lot per each $50,000 balance. For example, if your account is $100,000, then start with 2 lots. You may increase the lot size and no of pairs gradually if you see you may not reach the target within the given time period. This is the conservative approach. However, you can always have a bigger lot size if you want to speed up things. Please note higher lot sizes can increase the risk of reaching the loss limits.
>>Do you provide set files?
No. Set files are not necessary; you simply need to update your account details, lot size, and other settings to suit your prop account.
>>Do you use a stop loss?
No, but we use a trailing stop as necessary.
>>Do I need to change the magic number for each chart/pair?
Yes, this is recommended. But please use the same magic number for all charts/pairs. You may change it for different prop accounts but not for different charts on the same Meta Trader account.
Please note that the past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here.