FTMO Challenge EA - The Forex Geek (2024)

You can pass the FTMO Challenge with an expert advisor (EA) if you don’t have the time or trading skills required to trade manually. If you are looking for an FTMO Challenge EA, then you have come to the right place. Here I will give show you the best FTMO EA which can be used to take part in and pass the FTMO Challenge automatically.

What is FTMO?

FTMO is a prop trading firm that gives good traders funded trading accounts with capital of $400,000 which can be scaled up to $2,000,000 with consistent profits. You can get a profit share of 90% and learning resources to help you become a better trader. This all makes the FTMO prop firm a popular choice for aspiring traders who do not have enough investment to make trading worthwhile.

What is the FTMO Challenge?

The FTMO Challenge is an evaluation process which you need to go through in order qualify for a funded trading account. This is because they cannot simply give everyone funds to trade with as that would be very risky on their part. They are looking for traders who can consistently produce profits whilst using sensible money management. This is something that an FTMO Challenge EA can do for you.

FTMO Challenge EA

With the increasing popularity of prop trading firms, there are many aspiring prop traders looking to pass a trading challenge in order to get a funded account and make a living from trading. However, many of them cannot pass the evaluation process by using a manual trading strategy, so they look for an FTMO EA. This is an automated trading system that will analyse the markets, place and manage trades on behalf of the user.

What is the Best FTMO EA?

There are many prop firm expert advisors that you can choose from to try and pass the FTMO Challenge, but which is the best? Based on my many years of experience testing thousands of trading robots, I would say the Forex Flex EA is the number one choice when is comes to the best FTMO EA. This is because the Forex Flex FTMO EA has been designed specifically for passing the FTMO challenge.

Forex Flex EA

The Forex Flex EA has all of the key features you would need, including profit targets, maximum loss, maximum drawdown, minimum trading days, maximum trading days and more. You can configure this FTMO EA to trade depending on your prop firm challenge goals or simply use it straight out of the box with the default settings that have already been optimised for the EA to pass the FTMO Challenge.

The Forex Flex EA works for passing FTMO challenges simply by attaching it to the recommended charts, selecting the strategy you want to use, and letting it do all of the work for you! Everything else is pre-programmed to run automatically. It even has features built in to make sure it does everything it can to pass all the FTMO criteria. For instance, if it meets the profit target, but hasn’t met the minimum number of trading days (10 days), it will automatically open a minimum lot size trade each day until it meets the trading day requirement. Once the profit target is reached and all other criteria is passed, it will pause all trading. These are just some of the features that the best prop firm EA can offer.

The Forex Flex Prop Firm passing EA can work on any prop trading firm that supports the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. This includes prop firms such as FTMO, The Funded Trader, SurgeTrader, My Forex Funds, Topstep and much more.

FTMO Challenge EA Results

There is evidence that shows the Forex Flex FTMO EA passing the FTMO Challenge as you can see in the screenshot below. It was a complete success and it achieved the profit target in a respectable 18 days. It was far less than both the daily and annual maximum losses. The profit goal was surpassed. The fact that there were 64 transactions and an average risk to reward ratio of 1:1 shows that this was not a fluke and that the EA implements a trustworthy trading strategy that can pass consistency requirements with flying colours shows that this is not an anomaly.

If proof that the Forex Flex FTMO EA handled one test wasn’t sufficient for you, don’t worry; the developer has kindly offered another to bolster your trust. You can see from the FTMO Challenge trading period below that the Forex Flex EA traded for 10 trading days, achieving the goal of a minimum of 10 trading days. It opened a total of 23 positions, and on average, 2.3 positions were exchanged each day. The trading volume was solid and showed consistency rather than just a few lucky deals. The account balance was altered throughout ten of the assessment period’s sessions. The FTMO Challenge never had a loss day since the average successful day during the course of the challenge was $121.70, which is amazing!

Choosing the Best EA for FTMO Challenge

If you are still undecided and looking for a suitable expert advisor to pass the FTMO challenge, don’t worry, there are other options out there. Infect, there are literally thousands of free and paid expert advisors that you can choose from. You don’t even need to use a prop firm EA; you can use any EA and adjust the settings to make sure that the EA can pass the FTMO challenge.

That being said, here are some things that you can look out for when shopping around for an FTMO EA:

EA Trading Strategy

One of the first things you will want to check is that the prop firm EA is using a trading strategy that is allowed by FTMO. Thankfully, this prop firm do not restrict your strategies and therefore allow news trading, weekend trading, hedging and automated trading with expert advisors. Just make sure that the EA can replicate the same trades on a live account that it takes on a demo account.

EA Financial Instruments

Have a look to see what trading instruments that the EA has been developed to trade. There is no point buying an FTMO EA if the financial instruments it runs on are not available to trade through FTMO. That being said, this prop firm have an excellent range of tradable assets including forex currency pairs, indices, stocks, commodities and cryptos. This shouldn’t be a limiting factor in your choice at all.

EA Trading Days

You will need a prop firm EA that uses a strategy which can meet the minimum and maximum trading days required by FTMO. The initial FTMO Challenge lasts for 30 days although this can be extended to 40 days by purchasing an add-on. However, there is a minimum 10 trading days, so you will want to look for an automated system that places trades quite frequently. This will also help to show FTMO that you are trading consistently.

EA Money Management

The FTMO Challenge has a profit target of 10% in the first evaluation stage which drops down to 5% during the second phase. The maximum loss allowed is 10% of the overall balance or 5% per day. You need to have a look to ensure that the FTMO EA you are considering is capable of achieving these objectives within the allocated timeframes. You might want to avoid any trading robot that uses dangerous money management as you could quite easily fail the FTMO Challenge that way.

EA Results

When choosing any FTMO expert advisor, one of the main things that you want to look for are real verified results. These results should show how good or bad the EA has performed over a sustained period of time and throughout different market conditions. They will need to be verified by a third-party such as Myfxbook, because trading statement can easily be doctored. Failing real live account results, you see if there are any backtests showing how the EA trades over historical data.

Just always keep in mind that past performance is by no means any indication of what will happen in the future. However, it can give you an idea of how the EA trades and provided statistics to make sure the EA can pass the FTMO Challenge.

Manual Trading vs FTMO Expert Advisors

Trying to pass the FTMO Challenge manually can be tough. There are strict trading rules that you need to follow and objectives that you need to achieve. If you do not reach the targets or breach any of the rules, you could fail the challenge and might not be able to take it again. They do offer a retake option for a small fee provided you did not break the rules.

If you already have a manual trading strategy that is successful and has been generating profits for a significant amount of time, you might feel confident to trade manually and pass the challenge. On the other hand, if you cannot get consistent results and do not have the patience or discipline required to trade manually, an FTMO EA could be a better solution.

Conclusion

It is certainly possible to pass the FTMO challenge with an EA. You just need to make sure that the automated trading system which you are considering complies with the rules and has feature designed specifically for prop firms. The Forex Flex FTMO Challenge EA that I have covered in this article has been developed with getting a funded account at FTMO using an EA in mind. It is fully customisable but also includes ready to use preset files that have been optimized by the developer and already used to pass the FTMO challenge. There is proof of this on the Forex Flex EA website and the developer is always happy to help as and when needed. For these reasons and more, this is the best FTMO EA in my humble opinion.