On this page you can get step by step instructions on how to install and configure Prop Firm Dancer EA.
If you don’t have an archiver on your PC, you can unpack the archive with the product using this free program – 7zip.
To install the product in your MT4 platform, you must proceed as follows:
Open the root directory of your MT4 platform
To access the root directory of your MT4 platform, start by clicking on the “File” menu located in the upper left corner of your trading platform. From the drop-down menu that appears, choose “Open data folder.” This action will direct you to the root directory of the MT4 platform.
Open the “MQL4” folder inside the root directory of your platform and find the “Experts” folder inside
Use the “Refresh” function for the “Experts” branch so that the advisor added in the internal directory appears in the list of available ones for use.
Open the quotes chart window
This trading robot is designed to trade on any currency pair with an adequate spread size. We do not recommend using this bot on exotic currency pairs.
Here is a list of currency pairs on which you can use this bot: AUDUSD GBPUSD EURUSD USDCAD NZDUSD EURGBP AUDCAD EURCHF EURAUD AUDNZD EURCAD GBPCAD NZDCAD.
So, first, open the window of the currency pair on which you will use this bot. For example, the EURUSD currency pair:
Set the timeframe M15 for the EURSD quotes chart:
Activate the “Auto Trading” button:
Open the “Navigator” folder, find the Prop Firm Dancer EA file in the “Experts” branch and drag it onto the EURUSD M15 quotes chart:
Thus, you need to install Prop Firm Dancer EA on the quote windows of all currency pairs on which you plan to use this bot.
Money management
If you are using this bot on an account with a large capital (including on Prop Firm platforms), for example from 50 K or more, then use all the currency pairs listed above for trading.
If you are using this bot on an account with a size of $500 then we advise you to start with 1 currency pair, for example AUDCAD. In the future, after you have doubled your trading account, add another currency pair. This way, you can increase the number of trading assets and increase the profitability of this trading bot.