Recommended Product for Prop Firm

Created by Branden Stringer, Modified on Sat, 11 Jan at 10:20 AM by Branden Stringer

I personally recommend using the Prodigy Indicator to help pass your prop firm challenge. Here's why and how:


How to Use the Prodigy Indicator for the Challenge

  • The indicator allows you to set your desired risk percentage (e.g., 1%).
  • When you receive an alert, evaluate the trade, and if it looks good, place a buy or sell with the recommended stop loss and 1:2 risk-to-reward take profit.
  • Use the suggested lot size provided by the indicator to ensure compliance with the prop firm’s rules.

This method is a great way to stay compliant without relying on automation, which some firms may restrict. It also helps you build a better understanding of trading, so once funded, you can maintain the same routine.


Risk Management Strategy

  • During the Challenge:
    • Risk 1% per trade to target 2% profit (1:2 risk-to-reward ratio).
  • Once Funded:
    • Lower your risk to 0.5% per trade to target 1% profit, ensuring consistent and steady account growth.

Other Products to Consider

  • Trade Manager:
    • Perfect for helping you calculate lot sizes and locking in profits automatically, making trade management easier and more efficient.

These tools, combined with disciplined risk management, can significantly improve your chances of passing the challenge and succeeding with a funded account.

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