Master Prop Firm Challenge with a Trading Robot
Table of Contents
- Introduction
- Searching for the Best Expert Advisor and Prop Firm
- 2.1 Algo Evaluation vs. Standard Evaluation
- 2.2 Pricing Comparison
- Testing the Perceptrader AI with InfinityForexFunds
- 3.1 Perceptrader AI Performance
- 3.2 Setting Up the Perceptrader AI for the Challenge
- Managing Risks with Prop Firms
- The Expectations and Timeframe for Passing the Challenge
- Leveraging Automation for Passive Income
- Conclusion
- Resources
Article
Introduction
In my continuous search for the best expert advisor and prop firm, I stumbled upon InfinityForexFunds. What caught my Attention were their algo evaluation and standard evaluation options, which effectively separate high-frequency trading robots from manual trading. As an avid supporter of automation, this piqued my interest, particularly in conjunction with the Perceptrader AI from Valerie Trading.
Searching for the Best Expert Advisor and Prop Firm
When it comes to trading, it's crucial to find reliable resources. Just like my Quest for the best expert advisor on the market, I am always on the lookout for the best prop firm. InfinityForexFunds has two evaluation options: algo evaluation and standard evaluation. These evaluations are designed to cater to different trading approaches and preferences.
Algo Evaluation vs. Standard Evaluation
The algo evaluation is perfect for traders who rely on automated trading strategies, utilizing expert advisors (EA) or trading robots. For this evaluation, the goal is to achieve a 10% target. If You have a profitable EA that can consistently hit this mark, you can pass the challenge. It's worth noting that there are no time limitations or maximum trading days for this option.
On the other HAND, the standard evaluation is ideal for traders who prefer manual trading or those who want to combine manual and automated strategies. The pricing for both evaluation options varies Based on the challenge size. While algo evaluation comes at a slightly higher price, it offers the AdVantage of employing robust trading robots.
Pricing Comparison
See AlsoBuilding a Trading Bot to Pass a Prop Firm ChallengeThe Best Prop Firm Trading Bot (83% success rate)Can You Use A Trading Bot To Pass Prop Firm Challenges? | Forex Broker ReportProp Firms That Allow EAs/Bots/Algos - Living From TradingWhen comparing the prices of InfinityForexFunds with other prop firms like FTMO and MyForexFunds, it becomes apparent that InfinityForexFunds offers more competitive rates, particularly for the standard evaluation. Starting with a $25,000 challenge, the pricing is only $249, giving traders the opportunity to test the waters with a relatively lower investment.
To sweeten the deal for my subscribers, I have arranged a special discount coupon of 10% with InfinityForexFunds. You won't need to spin the wheel for a chance to win a discount bonus. Just enter the coupon code PETKO10 during checkout, and it will automatically deduct 10% from the price.
Testing the Perceptrader AI with InfinityForexFunds
As a fan of Valerie Trading's expert advisors, I decided to utilize the Perceptrader AI for my challenge with InfinityForexFunds. Before delving into the intricacies of the EA, it's important to assess its performance and suitability for the challenge.
Perceptrader AI Performance
After extensively testing the Perceptrader AI on a demo account, I am pleased with its results. The account has shown consistent and steady growth, with numerous trades executed using a low volume of 0.01 lots. The EA has effectively managed losing trades without jeopardizing the account's stability.
Setting Up the Perceptrader AI for the Challenge
To ensure the Perceptrader AI aligns with the challenge requirements, Valerie Trading's support team provided me with a tailored set file suitable for InfinityForexFunds' evaluation. The parameters of the EA have been meticulously configured to maintain low risk and adhere to the firm's trading objectives.
Some fundamental settings include using a fixed lot size of 0.01, implementing dynamic lot sizing based on account balance, and setting a maximum daily drawdown limit of 4.5%. These settings strike a balance between risk management and profit potential, which is crucial for prop firms.
Managing Risks with Prop Firms
In the world of prop trading, risk management is of utmost importance. While the Perceptrader AI has demonstrated an impressive track Record on a standard account, it's essential to curtail risks when trading with prop firms. These firms have specific requirements and limitations to protect both their capital and yours.
Adhering to the firm's rules and guidelines ensures consistent growth and avoids excessive drawdowns, which could lead to disqualification. By complying with these risk parameters, traders can maintain a favorable standing with the prop firm and increase their chances of securing funding.
The Expectations and Timeframe for Passing the Challenge
Passing the challenge with a prop firm is not an overnight process. It requires a disciplined approach and realistic expectations. Based on my backtesting, which considered total net profit, profit factor, and over 10,000 executed trades, the Perceptrader AI has shown remarkable potential for long-term profitability.
On average, with the settings in place, it may take approximately six months for the EA to achieve the targeted 10% profit within the prop firm's timeframe. It's important to note that prop firms like InfinityForexFunds do not impose maximum trading days, providing traders with ample time to demonstrate consistent results.
Leveraging Automation for Passive Income
One of the tremendous advantages of using the Perceptrader AI for prop firm challenges is the ability to generate passive income once funded. By leveraging automation and running the EA on a reliable Virtual Private Server (VPS), traders can eliminate manual intervention and allow the robot to handle the trading activities seamlessly.
In my case, the Perceptrader AI on the VPS works synergistically with ChatGPT, an AI-powered tool for market forecasts. This combination ensures a well-informed trading strategy without constant monitoring. As a result, even if the challenge takes several months, I can confidently rely on the automation to grow my account steadily.
Conclusion
Finding the best expert advisor and prop firm is a continuous endeavor for traders seeking financial success. The combination of InfinityForexFunds' evaluation options and the Perceptrader AI from Valerie Trading offers a promising avenue for traders to achieve their goals.
By conducting thorough research, evaluating performance, and adhering to risk management principles, traders can increase their chances of passing the prop firm's challenge. The use of automation further enables traders to generate passive income, fostering a more sustainable trading approach.
Dive into the world of prop trading and explore the potential that lies within the Perceptrader AI and InfinityForexFunds. Remember to trade safely and consistently, taking advantage of the available resources and support.
Highlights
- InfinityForexFunds offers both algo evaluation and standard evaluation options, providing traders with flexibility based on their preferred trading style.
- The Perceptrader AI from Valerie Trading has shown impressive results on a demo account, making it a suitable choice for automating prop firm challenges.
- Traders can manage risks effectively by adhering to prop firms' risk parameters and guidelines.
- The Perceptrader AI, when combined with a reliable VPS and market forecasting tools, enables traders to earn passive income after passing the challenge.
- Proper research, evaluation of performance, and disciplined risk management are crucial for achieving success in prop firm challenges.
FAQ
Q: What is the difference between algo evaluation and standard evaluation?A: Algo evaluation focuses on automated trading strategies using expert advisors, while standard evaluation caters to manual and hybrid trading approaches.
Q: How long does it take to pass a prop firm challenge with the Perceptrader AI?A: On average, it may take approximately six months for the Perceptrader AI to achieve the targeted 10% profit within the prop firm's timeframe.
Q: What are the risk management considerations when trading with prop firms?A: Traders must adhere to prop firms' risk parameters and guidelines to mitigate excessive drawdowns and maintain a favorable standing with the firm.
Q: Can I generate passive income after passing the challenge?A: Yes, by leveraging automation and running the Perceptrader AI on a Virtual Private Server (VPS), traders can earn passive income once funded.
