The JFX EA is a fully automated trading robot designed for use with prop firms like FTMO. It operates based on a unique proprietary indicator, which also forms the core structure of the PropFirm EA. This indicator is available for manual trading for those who prefer a more hands-on approach.
JFX EA combines Averaging and Hedging trading methods, with Averaging enabled by default and Hedging disabled. However, users can adjust these settings to fit their strategies. For example, Averaging can be turned off if the user prefers the robot to trade a single order at a time. Customization options also include setting Take Profit (TP), Stop Loss (SL), and trailing stop for each trade, allowing for a tailored trading experience.
The PropFirm EA includes a wide array of settings, enabling traders to experiment with configurations and find optimal settings for each currency pair. By analyzing the average volatility of each instrument, users can adjust stop loss and take profit levels to align with the specific behavior of each pair, creating a flexible approach suited to varied market conditions. 
The EA also has an MQL4 Signal account, with recent monitoring data indicating a maximum drawdown of 75%. Although this is high, the account has sustained operation over three months. It’s essential to note that the drawdown level is likely influenced by a small initial deposit—this account trades seven pairs on a $1,000 deposit, while the recommended deposit is at least $500 per pair. This suggests that for seven pairs, a minimum of $3,500 is advisable.
Recommendations for Optimal Use of JFX EA
A minimum account balance of $500 per currency pair, or use with FTMO challenge accounts.
Works best on pairs like GBPUSD, EURUSD, USDJPY, USDCAD, AUDUSD, USDCHF, and NZDUSD but can be used on any pair.
Best results are typically seen on the H1 timeframe, though it can operate on any timeframe.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
A low-spread ECN account is also recommended to maximize efficiency (find a broker suited to your needs here).
