If you’ve ever stared at a prop firm’s daily drawdown limit and thought, “one bad candle and it’s over,” you’re not alone. Funded Firm EA V1 for MetaTrader 4 is designed for exactly that anxiety: tight rules, tighter risk, and a clear goal—survive, grow, and pass your evaluation while keeping equity dips under control. It’s not a magic button, coz nothing is in trading, but it is a discipline machine that helps you stick to a plan when emotions want to take the wheel.


In this guide, I’ll walk you through what Funded Firm EA V1 MT4 does, why its risk logic is built around prop firm constraints, how to install and configure it quickly, and the settings profiles you can use for challenge vs funded accounts. You’ll also get tips on backtesting, forward testing on demo, and day-to-day operating rules (like pausing around high-impact news) so you don’t blow a challenge due to rookie mistakes. Ready? Let’s go.


Overview: What is Funded Firm EA V1 MT4?


Funded Firm EA V1 MT4 is a low-risk, rules-first Expert Advisor designed for prop firm evaluations and funded phases. The core philosophy: no reckless pyramiding, no martingale, no wild grid behavior that looks great until it doesn’t. Instead, the EA blends momentum confirmation with volatility filters and a time-based session model to prioritize high-probability entries while limiting exposure when markets are chaotic.


Who it’s for:



  • Traders attempting prop firm evaluations where daily/overall drawdown rules are strict.

  • Funded traders who need steady, defensible returns without spiky equity curves.

  • Risk-aware retail traders who prefer consistent logic over “all-or-nothing” setups.


What it aims to do:



  • Keep daily drawdown within a user-defined cap (e.g., 0.8–1.5%).

  • Normalize position sizing using dynamic lot rules (based on balance or equity).

  • Avoid stacking trades during low-quality volatility.

  • Respect session windows and optional news blackout periods.

  • What it doesn’t do:

  • Martingale or grid averaging.

  • Overtrade during high-impact news storms.

  • Gamble with unbounded risk.


Does that mean it never loses? Of course not. Losses happen. But the manner in which they happen (small, controlled, recoverable) matters far more than trying to nail every move.


Key Features



  • Prop-Firm-Focused Risk Control: Daily loss cap, per-trade max risk, and equity-based lot sizing.

  • No Martingale / No Grid: Clean, audit-friendly execution logic suitable for most challenge rules.

  • Session Filters: Trade only when spreads and liquidity are typically favorable (e.g., London/NY overlap).

  • Volatility Filter: Avoid low-quality entries when ranges are compressed or erratic.

  • Spread Guard: Skip entries if spreads exceed your threshold (handy for news spikes).

  • Equity Protection: Soft and hard stop features to pause trading after a drawdown event.

  • News Pause Option: Built-in time windows to stand down around scheduled data releases (manual windows).

  • Dynamic TP/SL Logic: Combines ATR-aligned stops with structure-based take profits for realistic R:R.

  • Magic Number + Comments: Clean tracking for partial closes, prop audit trails, and reporting.

  • Minimal Inputs, Strong Defaults: Sensible presets to get you live on demo fast—then tune gradually.



How It Trades (Strategy Snapshot)



  1. Bias Detection: A short/medium trend filter aligns the EA with directional bias (no knife-catching).

  2. Trigger Window: A momentum confirmation (e.g., candle body impulse vs recent range) signals “now or wait.”

  3. Volatility Check: ATR-based assessment to ensure stop size and expected range justify the trade.

  4. Risk Normalization: Lot size set by equity and your per-trade risk %, capped by daily drawdown policy.

  5. Exit Planning: SL is structure or ATR-based; TP is set using R:R logic (e.g., 1:1.2–1:2.0) with optional partials.


Recommended Pairs, Timeframes, and Risk Profiles


Pairs: EURUSD, GBPUSD, XAUUSD (gold), and USDJPY are popular due to liquidity.
Timeframes: M15 and H1 for challenge mode; H1 is calmer, M15 gives more signals but needs stricter risk.
Baseline Spread Limits:



  • EURUSD/GBPUSD/USDJPY: ≤ 15 points (1.5 pips)

  • XAUUSD: ≤ 300 points (30 pips in 3-digit brokers; adjust to your broker quoting)


Risk Profiles (examples):



  • Challenge Mode (Conservative): 0.25–0.5% risk per trade, daily loss cap 1–2%, max 1–3 trades/day.

  • Funded Mode (Steady): 0.2–0.4% risk per trade, daily loss cap 1%, max 1–2 trades/day.

  • Personal Account (Flexible): 0.5–1% per trade if you’re comfortable, but still avoid compounding intraday.


Backtest & Forward Testing (What “Good” Looks Like)



  • Sample Period: Minimum 2–3 years of data for your chosen pair/timeframe.

  • Modeling: Use high-quality tick data if possible; otherwise “Every tick” with verified data sources.

  • Spread & Commission: Set realistic spread/commission consistent with a prop firm’s environment.

  • Risk Settings: Keep per-trade risk constant (e.g., 0.3–0.5%) to judge stability.



Metrics to Watch:



  • Max Daily Drawdown: Should stay well within your cap (aim under 2% intraday for challenges).

  • Total Drawdown: Keep overall DD modest (e.g., under 8–10% across long spans).

  • Win Rate & R:R: A 45–60% win rate with 1:1.3–1:1.8 R:R is a good, sustainable band.

  • Trade Frequency: Avoid EAs that fire 20–50 trades/day on H1; it rarely passes audits.


Forward Demo: After backtests, run the EA on a demo for 2–4 weeks, same settings as your challenge. This confirms that spread, slippage, and session windows behave as expected in your broker/prop environment. If forward demo deviates wildly from backtests, adjust pair/timeframe or tighten filters.


Installation & Quick Start (MT4)


Step-by-step:



  1. Download the EA (zip/ex4), then unzip if required.

  2. Open MT4 → File → Open Data Folder → MQL4 → Experts.

  3. Paste the EA file into the Experts folder.

  4. Restart MT4 so MetaTrader loads the new Expert.

  5. In Navigator → Expert Advisors, drag Funded Firm EA V1 onto your chart.

  6. Allow live trading (AutoTrading ON) and enable DLL imports if your setup requires it.

  7. Load a preset (Challenge_Conservative or Funded_Steady) if you have a template, or use the defaults below.

  8. Check the Journal/Experts logs for any warnings (spread too high, trading hours off, etc.).


Default-style inputs (suggested):



  • RiskPerTradePercent = 0.35

  • DailyLossCapPercent = 1.2

  • MaxTradesPerDay = 2

  • TradeSessions = Enable London + NY overlap

  • SpreadLimit = 15 (majors) | 300 (XAUUSD 3-digit; adjust if 2-digit)

  • ATRMultiplierSL = 1.6

  • ATRMultiplierTP = 2.0 (or R:R target ≈ 1:1.3–1:1.8)

  • NewsPauseMinutesBefore/After = 30/30 (manual windows)


Daily Operating Rules (Yes, They Matter)



  • Stop After Daily Loss: If the EA hits your daily cap (or you hit 50–70% of it), stand down for the day.

  • News Windows: Avoid entries 30–60 minutes before/after major events (CPI, NFP, rate decisions).

  • One Chart, One Plan: Don’t load five different EAs on the same symbol/timeframe. Keep logs clean.

  • Prop Dashboard Checks: Some prop dashboards track daily relative drawdown differently; keep buffer.

  • Week Starts & Ends: Consider pausing Sunday open and late Friday, where spreads behave badly.

  • Manual Interference: If you manually close a trade, disable the EA until the next session to avoid logic conflicts.


Challenge vs Funded: Settings You Can Actually Use


Challenge (Conservative)



  • RiskPerTrade: 0.25–0.35%

  • DailyLossCap: 1–1.5%

  • MaxTradesPerDay: 1–2

  • Timeframe: H1 (EURUSD / XAUUSD if spreads are acceptable)

  • Goal: Preserve equity, showcase discipline, build a 4–8% return over the evaluation horizon.


Funded (Steady Growth)



  • RiskPerTrade: 0.2–0.4%

  • DailyLossCap: 1%

  • MaxTradesPerDay: 1–2

  • Timeframe: H1 or M15 with tighter filters

  • Goal: Slow and steady, pass monthly reviews, keep the account alive for the long haul.


Troubleshooting & Tips



  • Too Few Trades? Loosen session windows slightly or allow a second pair (but keep the same risk).

  • Too Many Trades? Reduce MaxTradesPerDay or require a higher momentum/volatility threshold.

  • Equity Dips Around News? Expand your news pause window; raise spread limits only with caution.

  • Slippage Complaints? Avoid illiquid hours; ensure VPS proximity if latency is high.

  • Audit Notes: Keep magic numbers per symbol. Export trade history regularly and annotate unusual events.


Disclaimer (Please Read)


Trading involves risk. Past performance—even the most beautiful backtest—doesn’t guarantee future results. Funded Firm EA V1 MT4 is a tool, not a promise. Always forward test on a demo, start with conservative risk, and comply with your prop firm’s rules. You’re responsible for your settings and outcomes, so move slow and keep records.


Call to Action


If you’re serious about passing a prop challenge without the emotional rollercoaster, start with Funded Firm EA V1 MT4 on demo today. Install it, run the conservative preset for two weeks, and only when you see consistent behavior, step into your evaluation. Keep risk small, stop after losses, and let discipline—not luck—do the heavy lifting.


Happy Trading