Question 1

Is Sharp EA MT5 safe to use?

Accepted Answer

Yes. The EA avoids dangerous strategies such as Martingale and Hedging. It uses a fixed 3% risk per trade and focuses on capital preservation with strict risk management.

Question 2

Is Sharp EA MT5 compatible with prop trading firms?

Accepted Answer

Yes. It is specifically designed to meet prop firm requirements. The Prop Firm mode is enabled by default to help traders stay within drawdown rules and trading guidelines.

Question 3

Which currency pairs and timeframes does it work best on?

Accepted Answer

Sharp EA MT5 performs best on major pairs including EURUSD, GBPUSD, USDCHF, and NZDUSD. Recommended timeframes are M30, H1, and H4.

Question 4

How much risk does the EA take per trade?

Accepted Answer

By default, the EA risks 3% of your account balance on each trade. Lot size is calculated automatically based on your account size and stop distance.

Question 5

Does Sharp EA MT5 use fixed Take Profit and Stop Loss?

Accepted Answer

In the default settings, Take Profit and Stop Loss are set to zero. The EA manages trades dynamically using its internal trend logic and closes positions when the trend reverses.

Question 6

Is Sharp EA MT5 FIFO compliant?

Accepted Answer

No. FIFO mode is disabled by default. If your broker requires FIFO compliance, you can enable it in the settings.

Question 7

Can I use Sharp EA MT5 on any broker?

Accepted Answer

The EA works on most MT5 brokers. However, for best results, we recommend using a broker with fast execution, low spreads, and good stability.

Question 8

Does the EA trade every day?

Accepted Answer

By default, Sharp EA MT5 trades from Monday to Friday and avoids trading on weekends for better market conditions and stability.

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