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Cross 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 acknowledged in your problem settlement. The lifecycle map show and lot sizing calculations are solely as correct because the values you enter right here. Check with 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 — go 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 charge you paid to your problem.

Every thing else may be left at default for a primary Technique Tester run. After getting verified the lifecycle map show seems right to your configuration, work by the remaining sections to match your prop agency’s precise guidelines earlier than going stay.

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 other way and reveals the dealer account standing.

Each terminals should run on the identical machine concurrently. Set this primary earlier than configuring every 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 flawed time.

• FTMO — Prague-based. Makes use of Central European Time with automated 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 corporations that rely every session as a recent buying and selling day.
• Others UTC Prop Agency — for prop corporations on UTC (GMT+0). Similar reload behaviour as above.

If uncertain, begin with Others GMT+2/3 Prop Agency and verify the Professional tab to substantiate 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 mechanically. Change this manually every time you go 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 totally examined — go away at First Funded for traditional use.

Account Measurement

Preliminary Deposit Detection — how the EA reads the beginning account steadiness.

• Auto — reads the steadiness mechanically when the EA masses. Use this for a recent problem account.
• Guide — enter the steadiness 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 charge you paid for this problem. Default: 515. Used to calculate the POBE Index and all lifecycle map show figures. An incorrect worth will produce flawed breakeven calculations throughout all phases. Enter the precise charge 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 — allows you to enter an actual 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 identify, enter the prefix or suffix right here. Go away each clean if the prop agency makes use of customary 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 at all times mirrors each commerce mechanically in the other way no matter which mode is chosen.

• Open Commerce by Development (Trade_EMA) — the EA opens mechanically when EMA crossover circumstances are met throughout the configured time window. Path is decided by the EMA crossover filtered by the EMA3 development filter.
• Open Commerce by Click on Button (Trade_Click) — you open trades manually utilizing the Purchase or Promote button on the chart. Use this whenever you need full guide management over commerce timing and path.
• Open Commerce by Time (Trade_Time) — the EA opens one commerce per day on the configured time. Path is fastened by the Purchase=false, Promote=true setting.
• Random Open of Commerce (Trade_Random) — path 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 other 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 path for the day by day commerce. Default: true (Promote). Set to false to at all times 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 development 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) — development filter. A purchase sign is simply legitimate if the Ask worth is above EMA3. A promote sign is simply 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 probably the most lately accomplished bar, stopping repainting. Don’t set to 0 — this might use the at present forming bar and produce unreliable alerts.

Volatility Filter

Volatility Verify — 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 development — similar as On, plus a directional affirmation verify. The commerce should open within the path of the dominant development. A purchase sign requires the development to be bullish. A promote sign requires the development 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 Verify is On or On with development. Increased values require stronger trending market circumstances earlier than a commerce is opened. At 0 there’s 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 dimension is calculated so {that a} stopped-out commerce consumes precisely the efficient day by day drawdown finances — 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 median 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) — major lookback interval for ADR calculation, smoothed over 50 days.

ADR Interval 2 (default 3) — shorter interval for current vary context.

Part 5 — Hedge Ratio  [P] 

The hedge ratio determines the dealer lot dimension relative to the prop agency lot dimension. The lifecycle map show figures are solely correct if the right ratio is utilized at every part.

Auto Hedge (default true) — calculates the ratio mechanically from the problem charge, drawdown limits, and part parameters. That is the really useful setting for all customary challenges.

When Auto Hedge is disabled, enter ratios manually. A ratio of 0.1 means the dealer opens 0.10 tons 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 acknowledged 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 rely has not been met, it switches to minimum-lot clocking trades mechanically.

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 general drawdown from the part beginning steadiness. 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 rely, the EA opens minimum-lot clocking trades on remaining days. The dealer account doesn’t copy clocking trades.

Part 11 — Verification / Part 2  [P] 

Similar 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 Charge Refund (default true) — allow in case your prop agency refunds the problem charge on the primary funded payout. FTMO does this. When enabled, the charge is added again into the funded part internet end result within the lifecycle map show, bettering the displayed consequence for the funded go state of affairs.

Part 3 Bonus (default 0) — any signup bonus or promotional credit score acquired. Reduces the efficient value of the problem within the lifecycle calculation.

Part 3 Payout Fee (default 80%) — your revenue cut up proportion. For FTMO customary accounts that is 80%. The next payout charge improves the POBE Index since extra of the funded revenue offsets the accrued 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 totally examined — go away at First Funded settings for all customary 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 Fee (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 totally 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. Check with the Consumer Information for steerage on information occasion dealing with.

Part 30 — Simulated Dealer  [P] 

The simulated dealer runs totally throughout the prop agency terminal and fashions what an actual dealer hedge account would seem like in parallel. It’s lively 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 cover the lifecycle map show and POBE Index on the chart.

Present Simulated Dealer (default true) — allow or disable the simulated dealer. Go away 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 steadiness is ready.

• Auto — the EA reads the Fairness Wanted determine straight 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 at all times funded to precisely the really useful stage with none guide enter. Advisable 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 lively when Simulated Dealer Account Measurement Mode is ready to Guide. Set this to not less than 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 dimension.

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.

Verify your prop agency’s charge schedule to substantiate which applies.

Prop Agency Fee Per Lot ($) (default 0) — fee charge in {dollars} per lot. Set to 0 in case your prop agency prices 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. Go away at 0 except it is advisable to distinguish POBE trades from different EA trades operating 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. Go away clean except it is advisable to 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 stay GMT capabilities aren’t out there.

Observe: the labels within the MT5 settings dialog seem as Winter GMT Offset and Summer season GMT Offset. Enter your dealer’s summer time offset below Winter GMT Offset, and your dealer’s winter offset below 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, evaluate your dealer’s server time to a world clock throughout each summer time and winter durations.

These settings don’t have any impact on stay buying and selling — the EA makes use of the dealer’s stay GMT capabilities in stay mode.

Part 50 — Dealer Terminal Settings  [B] 

All settings on this part are configured on the terminal operating in Dealer Mode.

Image Mapping

The prop agency and dealer accounts usually use totally different names for a similar instrument. POBE handles this mechanically typically utilizing AutoFix detection.

Ignore Image and Session Verify (default true) — preserve this enabled. Prevents the EA from rejecting trades as a consequence of session time mismatches between the 2 accounts.

Symbols Mappings — for circumstances the place image names are fully totally different between the 2 accounts. Enter mappings within the format XAUUSD=GOLD, US30=WS30. Go away clean if AutoFix handles it appropriately.

Prefix and Suffix — if the dealer provides a prefix or suffix to the usual image identify, enter it right here.

• Instance: dealer makes use of XAUUSDm — set Suffix to m
• Instance: dealer makes use of aEURUSD — set Prefix to a

Go away 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 Professional tab — an emblem not discovered error will likely 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 below 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.

• Go away Clean — default. Works for many setups.
• Copy from Grasp — copies the prop agency magic quantity to the dealer trades.
• Guide Entry — allows you to specify a magic quantity straight utilizing the MagicNumber subject.

MagicNumber (default 2026) — the numeric label utilized to all trades opened on the dealer account. If operating a number of POBE situations on the identical machine, every pair should use a distinct magic quantity. Since POBE is designed to run one occasion per machine, that is solely related you probably have a particular purpose to vary it.

Part 54 — EA Remark  [B] 

Remark Sort and Remark — controls the textual content label hooked up to every dealer commerce. Go away Clean is adequate 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 as a consequence of requotes, busy server circumstances, or margin checks. Three makes an attempt is adequate 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 attempt earlier than falling again to the usual retry logic. Advisable 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 doable lifecycle outcomes.

All the time Take a look at on Demo First

Earlier than operating 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 not less than 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 mechanically, edge circumstances in image naming or dealer specs could require guide adjustment.

All the time verify the Professional tab and Journal tab in MT5 throughout testing. Most configuration errors are silent on the chart however produce clear error messages in these tabs.