The "Driver" indicator is best used in the 1H, 4H, and 1D timeframes for identifying the main trend in your preferred trading style. It is compatible with the MetaTrader 4 platform and can be used in conjunction with various forex trading strategies to provide additional confirmation for trade entries or exits.
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| FTMO Trading Challenge Passing |
The EURUSD EA uses the Driver indicator, as well as the MA and Envelopes indicators, to open trades under specific conditions. If the price does not move towards the target profit (TP), additional trades may be opened to mitigate losses once certain limits are reached. When the desired profit level is reached, all orders are closed.
According to the developers, the Driver EURUSD EA has a drawdown of approximately 5% for a $10k account and is relatively accurate, particularly when optimized for the EURUSD pair on the M5 timeframe. The EA does not require complicated settings for optimization.
The Driver EURUSD EA is optimized for the EURUSD pair, but it can also be used with other currency pairs. It is only designed to work on the M5 timeframe. It is important to be patient with this EA, as it may go for long periods without making any trades, up to 48 hours. It is recommended to run the EA 24/5.
The EA trades with a lot size of 0.1, and the recommended balance for a FTMO and other prop firm challenge is $10000, while the recommended balance for a standard account is $1000.
As per on backtesting the results are as follow:-
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| FTMO Challenge Passing Robot |
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