Go or Breakeven (POBE) — Settings Information
[P] = Prop Agency terminal [B] = Dealer terminal [P & B] = Each terminals
Enter your prop agency’s problem guidelines precisely as said in your problem settlement. The lifecycle map show and lot sizing calculations are solely as correct because the values you enter right here. Seek advice from the Consumer Information for setup steps, dealer account necessities, and show field explanations.
Hedge your prop agency problem throughout two accounts. Each lifecycle end result — move or fail — produces an outlined, calculated consequence quite than a binary win or loss.
Fast Begin — Minimal Settings to Change
Most settings have smart defaults for the standard refundable prop agency problem. For a primary run, you solely want to vary these three:
- Prop Agency Sort (Part 1) — choose your prop agency from the listing. This controls when the day by day drawdown counter resets every day.
- Part (Part 1) — set to Part 1 when beginning a brand new problem.
- Problem Value ($) (Part 1) — enter the precise price you paid to your problem.
All the things else could be left at default for a primary Technique Tester run. Upon getting verified the lifecycle map show appears right to your configuration, work by way of the remaining sections to match your prop agency’s precise guidelines earlier than going dwell.
Part 0 — Mode [P & B]
Present Mode — units whether or not this terminal is the prop agency facet or the dealer facet.
- Prop Agency Mode — use this on the terminal linked to the prop agency problem account. This terminal opens trades, tracks all problem limits, and reveals the lifecycle map show.
- Dealer Mode — use this on the terminal linked to the hedging dealer account. This terminal copies trades in the wrong way and reveals the dealer account standing.
Each terminals should run on the identical machine concurrently. Set this primary earlier than configuring some other setting.
Part 1 — Prop Agency [P]
Prop Agency Sort
Prop Agency Sort — controls how the EA determines when a brand new buying and selling day begins at your prop agency. The brand new day calculation impacts when the day by day drawdown counter resets. An incorrect setting will trigger the day by day restrict to reset on the fallacious time.
- FTMO — Prague-based. Makes use of Central European Time with computerized summer time (CEST, UTC+2) and winter (CET, UTC+1) adjustment.
- FundedNext Stellar — fastened GMT+2 offset, no seasonal adjustment.
- Others GMT+2/3 Prop Agency — for any prop agency working on GMT+2 or GMT+3. Reloading the EA additionally triggers a brand new day, which fits companies that depend every session as a contemporary buying and selling day.
- Others UTC Prop Agency — for prop companies on UTC (GMT+0). Identical reload behaviour as above.
If uncertain, begin with Others GMT+2/3 Prop Agency and verify the Knowledgeable tab to verify the brand new day fires at midnight in your prop agency’s native time.
Part
Part — units the present analysis part. The EA doesn’t advance phases routinely. Change this manually every time you move a part and restart the EA.
- Part 1 — Part 1 (Problem). Set when beginning a brand new problem.
- Part 2 — Part 2 (Verification). Change after passing Part 1.
- First Funded — Funded part. Change after passing Part 2.
- Second Funded — for superior merchants hedging between two prop agency accounts, a prop agency and dealer account, two dealer accounts, or different customized setups. Not absolutely examined — go away at First Funded for normal use.
Account Measurement
Preliminary Deposit Detection — how the EA reads the beginning account stability.
- Auto — reads the stability routinely when the EA masses. Use this for a contemporary problem account.
- Guide — enter the stability your self utilizing Preliminary Deposit Quantity. Use this if the account had earlier trades earlier than POBE was hooked up.
Problem Value ($)
Problem Value ($) — the price you paid for this problem. Default: 515. Used to calculate the POBE Index and all lifecycle map show figures. An incorrect worth will produce fallacious breakeven calculations throughout all phases. Enter the precise price proven in your prop agency bill.
Each day DD Cap (%)
Each day DD Cap at (%) — a security buffer utilized to the day by day drawdown restrict earlier than the EA halts buying and selling. Default: 90. At 90, the EA stops at 90% of the configured day by day restrict, giving a ten% buffer between the EA’s halt level and the precise prop agency boundary.
Instance: prop agency day by day restrict is 5%, Each day DD Cap is 90 — EA halts at 4.5%.
Part Beginning Sort
Part Beginning Sort — controls when the part begin date is recorded.
- Part Begin Date as loading — makes use of the date and time the EA was hooked up to the chart. Appropriate for many circumstances.
- Specify Part Begin Date — helps you to enter a precise date utilizing Part Beginning Date. Use this for backtesting from a particular level or if the EA was reattached mid-challenge.
Part 2 — Image [P]
Prefix and Suffix — in case your prop agency makes use of a non-standard image title, enter the prefix or suffix right here. Depart each clean if the prop agency makes use of commonplace names like XAUUSD.
- Instance: image proven as XAUUSD.i — set Suffix to .i
- Instance: image proven as mXAUUSD — set Prefix to m
Part 3 — Trades [P]
Sort of Entry
Sort of Entry — controls how and when the EA opens trades on the prop agency account. The dealer account all the time mirrors each commerce routinely in the wrong way no matter which mode is chosen.
- Open Commerce by Development (Trade_EMA) — the EA opens routinely when EMA crossover circumstances are met throughout the configured time window. Course is set by the EMA crossover filtered by the EMA3 pattern filter.
- Open Commerce by Click on Button (Trade_Click) — you open trades manually utilizing the Purchase or Promote button on the chart. Use this if you need full handbook management over commerce timing and route.
- Open Commerce by Time (Trade_Time) — the EA opens one commerce per day on the configured time. Course is fastened by the Purchase=false, Promote=true setting.
- Random Open of Commerce (Trade_Random) — route is chosen randomly. For testing and backtesting solely.
Commerce Time Window
Applies to Trade_EMA and Trade_Time modes. The EA solely opens trades when the dealer server time falls inside this window.
- Time Hour Open / Time Minute Open / Time Second Open — begin of the window. Defaults: 1:18:10
- Time Hour Shut / Time Minute Shut / Time Sec Shut — finish of the window. Defaults: 12:45:40
A random offset of as much as 240 seconds is utilized to each edges every day to keep away from opening on the similar second each session.
Reverse EMA Entry
Reverse EMA Entry — when enabled, the EA opens in the wrong way to the EMA crossover sign. A bullish crossover opens a promote, a bearish crossover opens a purchase. Default: false.
Purchase=false, Promote=true
Purchase=false, Promote=true — applies to Trade_Time mode solely. Units the fastened route for the day by day commerce. Default: true (Promote). Set to false to all the time open a Purchase.
Part 3a — EMA Settings [P]
Three EMAs are used. EMA1 is the quick line, EMA2 is the sluggish line, EMA3 is the pattern filter.
EMA1 Interval (default 5) and EMA2 Interval (default 10) — the crossover pair. A commerce sign fires when EMA1 crosses EMA2 on the earlier accomplished bar.
EMA3 Interval (default 50) — pattern filter. A purchase sign is just legitimate if the Ask worth is above EMA3. A promote sign is just legitimate if the Bid worth is under EMA3.
EMA Timeframe (default M30) — all three EMAs are calculated on this timeframe whatever the chart timeframe the EA is hooked up to.
EMA Shift (default 1) — which historic bar is used for the crossover verify. A worth of 1 makes use of essentially the most not too long ago accomplished bar, stopping repainting. Don’t set to 0 — this might use the presently forming bar and produce unreliable alerts.
Volatility Filter
Volatility Examine — provides a volatility gate on high of the EMA crossover sign. Three choices:
- Off — no volatility verify. The EA opens trades on EMA crossover alone. Default.
- On — requires the market to be above the minimal volatility threshold set by Volatility Stage earlier than a commerce is opened. Filters out low-volatility, uneven circumstances the place EMA crossovers are much less dependable.
- On with pattern — similar as On, plus a directional affirmation verify. The commerce should open within the route of the dominant pattern. A purchase sign requires the pattern to be bullish. A promote sign requires the pattern to be bearish.
Volatility Stage (default 4.5, vary 0.0 to 10.0) — the minimal volatility threshold required to open a commerce when Volatility Examine is On or On with pattern. Increased values require stronger trending market circumstances earlier than a commerce is opened. At 0 there may be successfully no filter. At 10 solely strongly trending circumstances will qualify.
Part 4 — Place Sizing [P]
Cease loss and take revenue distances are calculated from the Common Each day Vary of the image. The lot measurement is calculated so {that a} stopped-out commerce consumes precisely the efficient day by day drawdown funds — making one stopped-out commerce per day the worst case earlier than the day by day halt prompts.
ADR SL Issue (default 0.5) — the cease loss is positioned at this a number of of the ADR from the entry worth. At 0.5, the SL sits half a mean day by day vary away.
ADR TP Issue (default 0.51) — the take revenue distance. At 0.51, TP is barely wider than SL, giving a risk-reward ratio simply above 1:1.
ADR Interval 1 (default 50) — main lookback interval for ADR calculation, smoothed over 50 days.
ADR Interval 2 (default 3) — shorter interval for latest vary context.
Part 5 — Hedge Ratio [P]
The hedge ratio determines the dealer lot measurement relative to the prop agency lot measurement. The lifecycle map show figures are solely correct if the right ratio is utilized at every part.
Auto Hedge (default true) — calculates the ratio routinely from the problem price, drawdown limits, and part parameters. That is the advisable setting for all commonplace challenges.
When Auto Hedge is disabled, enter ratios manually. A ratio of 0.1 means the dealer opens 0.10 heaps for each 1.00 lot on the prop agency account.
- Part 1 Hedge Ratio (default 0.1)
- Part 2 Hedge Ratio (default 0.4)
- Part 3 Hedge Ratio (default 0.5)
- Different Part Hedge Ratio (default 0.3)
Part 10 — Problem / Part 1 [P]
Enter the Part 1 guidelines precisely as said in your problem settlement.
Part 1 Revenue Goal (%) (default 10%) — when reached, the EA closes all trades and stops opening new full-size trades. If the minimal buying and selling day depend has not been met, it switches to minimum-lot clocking trades routinely.
Part 1 Each day DD (%) (default 5%) — most day by day loss. The EA applies the Each day DD Cap multiplier — at 90% cap, a 5% restrict turns into a 4.5% efficient halt.
Part 1 Max DD (%) (default 10%) — most total drawdown from the part beginning stability. Breaching this ends the problem and triggers the BREAKEVEN end result on the dealer account.
Part 1 Minimal Buying and selling Day (default 4) — minimal variety of days with a commerce earlier than the part is taken into account full. If the revenue goal is hit earlier than this depend, the EA opens minimum-lot clocking trades on remaining days. The dealer account doesn’t copy clocking trades.
Part 11 — Verification / Part 2 [P]
Identical construction as Part 1 however for the verification part. Enter Part 2 guidelines out of your problem settlement.
Part 2 Revenue Goal (%) (default 5%)
Part 2 Each day DD (%) (default 5%)
Part 2 Max DD (%) (default 10%)
Part 2 Minimal Buying and selling Day (default 4)
Part 12 — First Funded / Part 3 [P]
Part 3 Revenue Goal (%) (default 10%) — revenue goal for the funded account earlier than requesting a payout.
Part 3 Each day DD (%) (default 5%)
Part 3 Max DD (%) (default 10%)
Part 3 Minimal Buying and selling Day (default 1) — most funded accounts don’t have any minimal day requirement.
Part 3 Payment Refund (default true) — allow in case your prop agency refunds the problem price on the primary funded payout. FTMO does this. When enabled, the price is added again into the funded part web end result within the lifecycle map show, bettering the displayed consequence for the funded move situation.
Part 3 Bonus (default 0) — any signup bonus or promotional credit score acquired. Reduces the efficient price of the problem within the lifecycle calculation.
Part 3 Payout Price (default 80%) — your revenue break up share. For FTMO commonplace accounts that is 80%. The next payout charge improves the POBE Index since extra of the funded revenue offsets the collected hedge prices from earlier phases.
Part 13 — Different Part / Hedge [P]
For superior merchants hedging between two prop agency accounts, a prop agency and dealer account, two dealer accounts, or different customized setups. Not absolutely examined — go away at First Funded settings for all commonplace single-challenge use.
Different Part Revenue Goal (%) (default 5%)
Different Part Each day DD (%) (default 5%)
Different Part Max DD (%) (default 10%)
Different Part Minimal Buying and selling Day (default 4)
Different Part Payout Price (default 90%)
Hedge Quantity (default 2000) — configure to match your customized association.
Part 20 — Each day Shut [P]
Shut All Commerce (default false) — when enabled, the EA force-closes all open positions at a particular time every day no matter revenue, loss, or any halt state.
Shut Commerce Hour / Shut Commerce Minute / Shut Commerce Second — the precise server time at which positions are closed. Defaults: 23:15:20.
Use this to shut all positions earlier than the weekend to keep away from Sunday hole threat, earlier than main information occasions the place the 2 accounts could fill at very completely different costs, or to keep away from in a single day swap charges. Set the shut time to earlier than your dealer’s Friday market shut to make sure each accounts are flat over the weekend. Seek advice from the Consumer Information for steering on information occasion dealing with.
Part 30 — Simulated Dealer [P]
The simulated dealer runs fully throughout the prop agency terminal and fashions what an actual dealer hedge account would appear like in parallel. It’s energetic even when no actual dealer terminal is linked, and it’s how the EA runs within the MT5 Technique Tester.
Present POBE Lifecycle Map (default true) — present or disguise the lifecycle map show and POBE Index on the chart.
Present Simulated Dealer (default true) — allow or disable the simulated dealer. Depart enabled throughout testing and Technique Tester runs. Disable solely if you wish to run the prop agency terminal with out the simulated dealer overhead.
Simulated Dealer Account Measurement Mode — controls how the simulated dealer beginning stability is ready.
- Auto — the EA reads the Fairness Wanted determine immediately from the lifecycle map show for the present part and makes use of that because the simulated dealer deposit. This implies the simulated dealer is all the time funded to precisely the advisable stage with none handbook enter. Really helpful for many customers.
- Guide — makes use of the fastened worth entered in Guide Simulated Dealer Account Deposit ($). Use this if you wish to mannequin a particular deposit quantity no matter what the lifecycle map recommends.
Guide Simulated Dealer Account Deposit ($) (default 5000) — solely energetic when Simulated Dealer Account Measurement Mode is ready to Guide. Set this to a minimum of the Fairness Wanted determine proven within the lifecycle map show for the present part. If set too low, the yellow field will present NO FUNDS or LOW MARGIN.
Simulated Dealer Account Leverage (1:500) (default 500) — leverage of the simulated account. Set to match your supposed actual dealer leverage. Increased leverage means much less margin required for a similar place measurement.
Simulated Dealer Margin Name (%) (default 100%) and Simulated Dealer Cease Order (%) (default 50%) — set these to match the actual dealer you propose to make use of. When the simulated margin stage falls to those thresholds the EA shows a warning.
Dealer Unfold (level) (default 0) — simulated unfold utilized to every broker-side commerce. Setting a sensible worth (20 to 30 factors for XAUUSD) offers a extra correct image of real-world hedge prices. A worth of 0 applies no unfold friction.
Prop Agency Fee Sort — how fee is charged on the prop agency account.
- DoubleSide — fee charged on each entry and exit. The commonest mannequin.
- SingleSide — fee charged on entry solely.
Examine your prop agency’s price schedule to verify which applies.
Prop Agency Fee Per Lot ($) (default 0) — fee charge in {dollars} per lot. Set to 0 in case your prop agency expenses no fee.
Estimated Slippage (default 30 factors) — assumed execution slippage utilized to simulated dealer trades. Increased values give a extra conservative estimate of hedge efficiency.
Part 31 — Extra on Prop Agency [P]
PropFirm Magic Quantity (default 0) — the magic quantity utilized to trades opened by the EA on the prop agency account. Depart at 0 until you must distinguish POBE trades from different EA trades working on the identical account. If set, enter the identical worth within the dealer terminal’s Magic Quantity settings in Part 53.
PropFirm EA Remark (default clean) — the textual content remark hooked up to every commerce opened on the prop agency account. Seen within the MT5 commerce historical past. Depart clean until you must establish POBE trades for reporting functions.
Part 32 — Backtest [P]
Winter GMT Offset (default 2) and Summer season GMT Offset (default 3) — the GMT offset of your dealer’s server throughout summer time and winter respectively. Used to transform dealer server time to prop agency native time throughout backtesting, the place dwell GMT capabilities will not be accessible.
Word: the labels within the MT5 settings dialog seem as Winter GMT Offset and Summer season GMT Offset. Enter your dealer’s summer time offset underneath Winter GMT Offset, and your dealer’s winter offset underneath Summer season GMT Offset.
Instance: dealer server runs on GMT+2 in summer time and GMT+3 in winter — enter 2 for Winter GMT Offset and three for Summer season GMT Offset. If uncertain, examine your dealer’s server time to a world clock throughout each summer time and winter durations.
These settings don’t have any impact on dwell buying and selling — the EA makes use of the dealer’s dwell GMT capabilities in dwell mode.
Part 50 — Dealer Terminal Settings [B]
All settings on this part are configured on the terminal working in Dealer Mode.
Image Mapping
The prop agency and dealer accounts usually use completely different names for a similar instrument. POBE handles this routinely normally utilizing AutoFix detection.
Ignore Image and Session Examine (default true) — preserve this enabled. Prevents the EA from rejecting trades on account of session time mismatches between the 2 accounts.
Symbols Mappings — for circumstances the place image names are fully completely different between the 2 accounts. Enter mappings within the format XAUUSD=GOLD, US30=WS30. Depart clean if AutoFix handles it accurately.
Prefix and Suffix — if the dealer provides a prefix or suffix to the usual image title, enter it right here.
- Instance: dealer makes use of XAUUSDm — set Suffix to m
- Instance: dealer makes use of aEURUSD — set Prefix to a
Depart clean to depend on AutoFix. To substantiate image mapping is working, open a commerce on the prop agency account and confirm the dealer opens an opposing commerce. If it doesn’t, verify the Knowledgeable tab — an emblem not discovered error can be reported there.
Execution Tolerance
Open Slippage (level) (default 10000) and Shut Slippage (level) (default 10000) — the utmost allowed slippage when the dealer opens or closes a commerce. The defaults are deliberately vast to permit execution underneath most circumstances. Tighten these provided that your dealer has constantly exact execution and also you need to keep away from fills at excessive costs.
Part 53 — Magic Quantity [B]
Magic Quantity Sort — controls how trades are labelled on the dealer account.
- Depart Clean — default. Works for many setups.
- Copy from Grasp — copies the prop agency magic quantity to the dealer trades.
- Guide Entry — helps you to specify a magic quantity immediately utilizing the MagicNumber discipline.
MagicNumber (default 2026) — the numeric label utilized to all trades opened on the dealer account. If working a number of POBE situations on the identical machine, every pair should use a special magic quantity. Since POBE is designed to run one occasion per machine, that is solely related you probably have a particular motive to vary it.
Part 54 — EA Remark [B]
Remark Sort and Remark — controls the textual content label hooked up to every dealer commerce. Depart Clean is enough for many customers. The remark is seen within the MT5 commerce historical past and doesn’t have an effect on EA behaviour.
Part 55 — Retry [B]
Variety of Try (default 3) — what number of instances the EA retries a failed commerce operation earlier than giving up. Commerce failures can happen on account of requotes, busy server circumstances, or margin checks. Three makes an attempt is enough for many brokers.
Wait in mSecond per Try (default 250) — pause between retry makes an attempt in milliseconds. 250ms is quick sufficient to catch a worth refresh with out flooding the dealer with requests.
Quick Execution First (default true) — when enabled, the EA makes an attempt a quick market order on the primary strive earlier than falling again to the usual retry logic. Really helpful for brokers with quick execution.
Two-terminal hedge EA for two-phase prop agency challenges. Opposing positions on a dealer account produce a calculated consequence throughout all 4 attainable lifecycle outcomes.
At all times Check on Demo First
Earlier than working on any actual problem, take a look at the total setup on a prop agency demo account paired with a dealer demo account. Run it by way of a minimum of one full problem — both to the revenue goal or to the drawdown restrict — and confirm that each accounts behave as anticipated. Though POBE is designed to deal with a variety of configurations routinely, edge circumstances in image naming or dealer specs could require handbook adjustment.
At all times verify the Knowledgeable tab and Journal tab in MT5 throughout testing. Most configuration errors are silent on the chart however produce clear error messages in these tabs.
