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SpaceX Prop EA MT4 – Full Input Settings Analysis
SpaceX Prop EA is a Forex Expert Advisor (EA) incorporating diverse strategies like Elliott Wave patterns, Fibonacci tools, and forced exit settings for stable trading performance. Prioritizing risk management, it maintains a maximum drawdown of 3%. It favors currency pairs such as GBPUSD, EURNZD, and EURAUD, operating on a 1-minute timeframe. Ideal settings include leverage above 1:20, a minimum deposit of $5,000, and lot sizes of 0.10 or 0.15 per $100,000. Post-purchase, installation instructions are provided, suitable for use on demo and real accounts. Optimized for compatibility with all Prop Firm companies and brokers, it’s recommended for continuous online operation via a Virtual Private Server (VPS).
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Trading Objectives & Primary Strategy
- Trading Strategy: Prop Firm Challenge — optimized for proprietary trading firm challenge passing (e.g., FTMO, MyForexFunds).
- Timeframe: M15 — primary analysis and entry timeframe.
- Prop Firm Target: 10% — challenge phase profit target.
- Challenge Prop Mode: On — EA trades within proprietary firm drawdown limits and profit targets.
Entry Strategy Parameters
- Elliott Triple Combo Wave / Three Drives Pattern / Prop Firm Moves: Enabled — combines Elliott Wave analysis and Three Drives pattern to filter entries.
- Max Drawdown: Managed according to prop firm rules (no exact % provided).
- Stop Loss: 25 pips.
- Take Profit: 0 — no predetermined TP; typically uses trailing stop for exits.
- Recovery Mode: On — allows recovery trades after losses.
Trade & Risk Management
- Max Open Trades Allowed: 10.
- Trailing Stop:
- Start: 30 pips — initiates when trade is +30 pips.
- Step: 15 pips — SL trailing in increments of 15 pips.
- Lot Size: Fixed at 0.01 (AutoLot off).
- Lot Multiplier: 2.0 — configured for lot size increase, but Lot Increase is disabled for the time being.
Capital Management (Prop Money Management)
- Balance Step: 1000 — can be used for incremental lot size increases by equity (disabled for now).
- Blind Impulse Wave: 200 — strategy-specific filter parameter.
- Prop Daily Pips Target: 50 pips — prop firm daily pip target.