Installation
Step 1: Install the EA
Obtain the EA File: Download the .ex4/5 file from the Dashboard
Open MT4: Launch the MetaTrader 4/5 platform provided by the prop firm for your challenge account.
Open Data Folder: In MT4/5, go to File > Open Data Folder.
Navigate: A folder window will open. Navigate into MQL4/5 and then into Experts.
Copy EA File: Copy the .ex4/5 file into this Experts folder.
Refresh MT4: Close and restart your MT4/5 platform. Alternatively, in the MT4/5 "Navigator" window (usually on the left), right-click on "Expert Advisors" and select "Refresh". The EA should now appear under the Expert Advisors list. (If you are unfamiliar with installing EAs, search for "How to install an EA in MT4/5" on YouTube for visual guides.)
Step 2: Obtain Your License Key
Before proceeding, ensure you have received the unique license key via Dashboard specifically generated for this EA and your challenge account number. You will need this key in Step 4.
Step 3: Attach EA to the Correct Chart
Find the Chart: Locate the correct instrument chart specified by your prop firm for HFT strategies. This is typically US30 (may also be named DJI30, WS30, etc., depending on the broker feed – verify the exact symbol).
Set Timeframe: Change the chart timeframe to M1 (1 Minute).
Attach EA: Find the HFT Expert name in the MT4 Navigator window under "Expert Advisors". Drag and drop it onto the US30 M1 chart.
Step 4: Configure Required EA Inputs
An EA settings window will pop up. Go to the Inputs tab. You MUST configure the following parameters precisely:
Input License key (LicenseKey): Enter the unique license key you obtained in Step 2. Crucial for activation.
Lot size (LotSize): Set this to the maximum allowed lot size per trade as defined by your specific prop firm's rules for the challenge. Check their documentation carefully or contact support to find out the max lot size per trade.
Account Size (AccountSize): Enter the starting balance of your challenge account (e.g., 100000 for a $100k account).
Max Daily Drawdown in $ (MaxDailyDD): Enter the maximum daily loss limit in your account currency (e.g., dollars). We recommend it to be 1% of the account written in $, so for a $100K account you would set the Max Daily Drawdown to 1000.
Account Balance Target in $ (AccountBalanceTarget): Enter the final account balance you need to reach to pass the challenge's profit target (e.g., for a $100k account with a 10% target, enter 110000).
IMPORTANT: Do NOT change any other inputs unless specifically instructed. The default values for parameters like StopLoss, TrailingStop, OrderOpenDistance, etc., are optimized for the intended strategy. Altering them may negatively impact performance or violate intended logic.
Step 5: Set Time Restrictions (Highly Recommended)
Configure the time window during which the EA should operate. See the Time Restrictions section below for detailed instructions on setting StartTime and EndTime based on the required 9:30 AM (Start of NY Session) to 10:30 AM EST window.
Step 6: Enable AutoTrading
Check Common Tab: In the EA settings window, go to the Common tab. Ensure Allow live trading is checked. Click OK.
Main Button: Ensure the main "AutoTrading" button in the MT4/5 toolbar at the top of the platform is clicked and shows as green (enabled).
The EA is now set up. You should see a smiley face 😊 in the top-right corner of the chart if everything is configured correctly and AutoTrading is enabled. If you see a sad face 😞 or an X, re-check the license key, inputs, and the "Experts" or "Journal" tabs at the bottom of MT4 for error messages.
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