Is the MOL EA compatible with prop firms?
Yes. The Master of Liquidity EA was designed from the ground up with a specific prop firm mode (MODE_PROP) that disables hedging and respects the rules of the main funding firms. We have tested the configuration on FTMO, MyFundedFx, The Funded Trader and Instant Funding.
Critical FTMO rules the EA respects
FTMO has three rules that kill more challenges than the strategy itself:
1. Maximum daily drawdown of 5%
The InpMaxDailyDDPct parameter controls exactly this. Set it to 3.5–4% to have a safety margin against FTMO's 5% limit. The EA automatically stops opening new trades when it's reached.
2. Maximum total drawdown of 10%
While the EA doesn't close existing positions when this threshold is crossed (the broker does), per-trade risk control via InpMaxNetRiskPct makes it hard to reach under normal conditions. We recommend setting it to 1.5–2% per direction.
3. Consistency rule (some firms)
Some prop firms like MyFundedFx require that no single day exceeds 40–50% of your total profits. This is harder to automate, but with low per-trade risk (0.3–0.5% per strategy) across 6 simultaneous strategies it's statistically difficult to violate.
Recommended configuration for FTMO challenge
InpMode = MODE_PROP // Disable hedging
InpMaxDailyDDPct = 3.5 // 3.5% daily limit
InpMaxNetRiskPct = 1.5 // 1.5% max per direction
InpOnePosPerStrat = true // 1 position per strategy
S1_RiskPct = 0.30 // Reduce all to 0.3-0.4%
S2_RiskPct = 0.30
S3_RiskPct = 0.35
S4_RiskPct = 0.30
S5_RiskPct = 0.35
S6_RiskPct = 0.30News filter
FTMO prohibits trading during high-impact news in many of its conditions. MOL has an integrated news filter (InpUseNewsFilter = true, InpNewsHighOnly = true) that blocks entries 15 minutes before and after high-impact events.
Does it work on Phase 1 and Phase 2 accounts?
Yes, with the same configuration. The difference is that Phase 1 requires a 10% profit target in 30 days and Phase 2 requires 5% in 60 days. With 6 active strategies and aggregate risk of ~2% per active market day, the targets are achievable without forcing risk.
Common mistakes using EAs on prop firms
- Forgetting WebRequest URL: MOL validates the license on every start. Add
evtradelabs.comin Tools → Options → Expert Advisors or the EA won't start. - VPS with high spread: With
InpMaxSpreadPts = 50, the EA won't enter if the spread exceeds 5 pips. - Symbols with suffix: FTMO broker uses
EURUSD.ecn. The EA uses the symbol of the chart it's attached to — just attach it to the correct chart.
See verified Myfxbook results from our live account at myfxbook.com/portfolio/evm/11924529.