fbpx

FAQ

How does the EA work?

Our Expert Advisor (EA) operates by meticulously analyzing the market to identify trading opportunities that align perfectly with our established strategy’s rigorous entry and exit criteria. It is designed to automate the trading process, efficiently opening and managing trades on your behalf. This includes a robust risk management component that ensures each trade adheres to predefined risk parameters, thus safeguarding your investment.

The core of the EA’s functionality is its ability to sift through the market noise and focus solely on high-probability setups. These are trading opportunities with a higher likelihood of success, determined through a combination of technical analysis indicators, historical data patterns, and market conditions that match our strategy’s parameters.

In essence, the EA serves as your automated trading partner, diligently working to execute trades that meet our exacting standards for probability, risk, and reward. It’s like having an expert trader scrutinize the markets around the clock, leveraging sophisticated algorithms to take advantage of trading opportunities that align with our strategic outlook, all while maintaining a strict adherence to risk management practices to protect your capital.

Does the software only work in MT5?

Yes, the software is specifically designed as an .EX5 file, meaning it’s developed for the MetaTrader 5 (MT5) platform. Due to its coding architecture, it’s not natively compatible with other trading platforms like MetaTrader 4 (MT4), cTrader, or DXTrade. However, there’s a convenient workaround for this limitation through the use of third-party trade copiers.

Services like “Traders Connect” or “Social Traders Tools” offer a bridge by allowing trades executed on an MT5 demo account (acting as the master account) to be copied to another platform of your choice (referred to as the slave account). This functionality expands the utility of the software beyond its native MT5 environment, enabling you to leverage its capabilities across different trading platforms by setting up a synchronized trading system. Essentially, while the software is designed for MT5, these third-party tools provide the flexibility needed to integrate with other trading platforms, ensuring you can still benefit from the software’s features regardless of your preferred trading environment.

Are there any risks associated with using the EA?

As with any trading activity, there is always a risk of loss. Automated trading solutions can help mitigate some risks by employing consistent and tested strategies, but they cannot completely eliminate the inherent risks associated with trading in financial markets. We recommend a cautious approach and thorough understanding of the risks before starting.

How do I update the EA?

Updating your Cartel-US30 EA is straightforward and seamless, ensuring that you always have access to the latest enhancements and features. As a valued member of our service, here’s how the update process works:

Notification: When an update is ready, we’ll notify you via email or through our communication channels such as Telegram or Discord. This ensures that you’re always informed about new updates, improvements, or added features to the EA.

Instructions: Along with the notification, you’ll receive detailed instructions on how to download and install the update. These instructions are designed to be clear and easy to follow, allowing for a smooth update process.

Support: Should you encounter any issues or have questions about the update process, our dedicated support team is available to assist you. You can reach out via the provided support channels for prompt assistance.

Continuous Access: The updates are a part of your subscription, meaning there are no additional costs to access the latest version of the EA. We are committed to continually refining and enhancing the Cartel-US30 EA, ensuring it remains at the forefront of trading technology.

Implementation: Implementing the update usually involves downloading the new version of the EA and replacing the existing file in your MetaTrader platform. Restarting your MetaTrader application will ensure the update is applied successfully.

By following these steps, you can easily keep your Cartel-US30 EA up-to-date, leveraging the latest strategies and tools to enhance your trading experience. Remember, keeping your EA updated is crucial for optimal performance and taking full advantage of the evolving market conditions.

Will I get guidance on how to setup the EA correctly?

Yes, when you join and opt for our services, our dedicated Cartel Success Coach, David, will provide you with one-on-one guidance to ensure your EA is set up correctly. In addition to personalized support, you’ll gain access to our comprehensive suite of educational videos available on the backend of our website, designed to enhance your understanding and utilization of the EA.

Moreover, we understand the importance of timely assistance, which is why we offer round-the-clock live support through both Telegram and Discord channels. This means that regardless of your time zone or the hour of the day, help is just a message away, ensuring that any queries or issues you encounter are promptly addressed by our expert support team.

Does the EA use stoploss and take profit?

Yes, the EA is meticulously designed to incorporate both a stop loss and a take profit feature for each trade it places, ensuring a balanced approach to risk management and profit taking. Additionally, it employs a trailing stop loss mechanism, a strategic tool designed to protect profits while allowing for the capture of significant movements in the market.

 

How long until i receive my API key after purchasing a subscription?

After you’ve secured your subscription, the process to receive your API key begins with a direct communication step: you’ll need to reach out to us either through Telegram or by opening a ticket in Discord. When you contact us, please provide the email address used for your subscription purchase. We will then ask for additional details such as your name and account numbers to finalize your API key request.

This request is forwarded to our coding team for processing. We are committed to generating your API key within 48 hours of receiving all necessary information from you. It’s important to note that your subscription period will commence from the date your API key is issued, ensuring you get the full value from the start of your access.

This streamlined process is designed to ensure that you can quickly start utilizing our services, with our support team ready to assist every step of the way to make your initiation as smooth as possible.

 

Will I receive setfiles ready to use straight away?

 


Yes, we indeed offer our members a selection of ready-to-use set files. It’s important to highlight, though, that these set files are optimized for an ICMarkets EU account. Due to this optimization, employing these set files with a different broker might lead to variations in results and performance. The reason behind this is that each broker has its unique pricing and historical data, which can significantly affect how an EA performs.

Understanding this, we emphasize the importance of conducting an optimization process for the EA specifically tailored to the broker account you plan to use. This ensures the EA is finely tuned to the data and conditions of your chosen broker, potentially enhancing its performance.

To support you in this, we provide comprehensive guidance on how to conduct a full optimization of the EA. This empowers you to adjust the EA settings to match market conditions and the specific nuances of your broker’s data. Regular optimizations on your part are recommended to adapt to ongoing changes in market volatility and behavior, keeping your trading strategy aligned with current market dynamics.

This proactive approach to EA optimization ensures that you are well-equipped to maintain the effectiveness of your trading strategy, regardless of market changes or the broker you choose to trade with.

 

Will I receive setfiles ready to use straight away?


Yes, we indeed offer our members a selection of ready-to-use set files. It’s important to highlight, though, that these set files are optimized for an ICMarkets EU account. Due to this optimization, employing these set files with a different broker might lead to variations in results and performance. The reason behind this is that each broker has its unique pricing and historical data, which can significantly affect how an EA performs.

Understanding this, we emphasize the importance of conducting an optimization process for the EA specifically tailored to the broker account you plan to use. This ensures the EA is finely tuned to the data and conditions of your chosen broker, potentially enhancing its performance.

To support you in this, we provide comprehensive guidance on how to conduct a full optimization of the EA. This empowers you to adjust the EA settings to match market conditions and the specific nuances of your broker’s data. Regular optimizations on your part are recommended to adapt to ongoing changes in market volatility and behavior, keeping your trading strategy aligned with current market dynamics.

This proactive approach to EA optimization ensures that you are well-equipped to maintain the effectiveness of your trading strategy, regardless of market changes or the broker you choose to trade with.

Why do I have to optimise the EA?

Regularly optimizing the Cartel Software EA is essential because financial markets are dynamic, with changing volatility and trends. Optimization helps adjust the EA’s parameters to align with current market conditions, ensuring the strategy remains effective. This process enhances the EA’s ability to identify profitable trading opportunities while managing risk, ultimately aiming to maintain or improve its performance over time. Regular optimization adapts the EA to ongoing market changes, potentially increasing its longevity and success in trading activities.

Can the EA pass prop firm evaluations?

The EA can indeed pass prop firm evaluations with careful management, planning, and optimization. Backtesting setfiles provides insight into expected performance under challenge conditions, allowing for risk adjustment to meet prop firm rules and targets. After identifying a balanced set that complies with these rules, it’s advisable to live demo test the settings for about 14 days for further validation. This process helps ensure that the live test results align with backtesting outcomes, making it a viable strategy to start the challenge with confidence.

 

Can it be used on a funded account?

The EA is suitable for both challenge and funded accounts. Once funded, it’s recommended to reduce risk and leverage the EA’s high win rate to grow the account. Unique optimisations and a built-in trade randomizer, introducing a 1-5 second delay for trade entries and exits, mitigate the risk of copy trading and ensure distinctive trade timings, further personalizing your trading strategy.

Can I use the EA on multiple accounts?

Yes, the ability to use the EA on multiple accounts is contingent upon your subscription level. If your current subscription does not meet your needs for multiple accounts, additional accounts can be added for a small fee. For detailed information on how to expand your account usage or to understand the specifics of your subscription level, reaching out to us directly would be the best course of action.

Does the EA use martingale or grid trading?

The EA does not employ martingale or grid strategies. Instead, it places up to two hidden pending orders daily—either Buy Stop or Sell Stop, concealed until activation. The strategy includes an initial trade and a recovery trade, where the latter may utilize a risk multiplier to offset the first trade’s loss.

How does the recovery trade work ?

The recovery trade activates after an initial trade hits its stop loss, aiming to capitalize on the subsequent price reversal. It enters at the point where the initial trade closes. This trade can be configured with a fixed lot size or risk level, or it can employ an increased risk multiplier. The use of a risk multiplier allows for the adjustment of targets to not only recuperate losses from the initial trade but also to secure a profit.

 

What timeframe does the EA run on?

The primary design of the EA is for the 4-hour timeframe. However, during the optimization process, it’s possible to discover more profitable performance on other timeframes. The EA allows for flexibility in optimization, supporting a range from the 1-minute to the 1-month timeframe in its input settings. This adaptability ensures that traders can fine-tune the EA’s operation to suit various market conditions and trading preferences.

How does the EA manage drawdown?


The EA minimizes drawdown by limiting itself to one trade at a time, with a daily cap of two trades (an initial trade plus a recovery trade). This approach aims to prevent overtrading and revenge trading. Users have control over their risk level per trade, emphasizing the importance of backtesting and trading with amounts they are prepared to risk. Historically, the system has not experienced back-to-back losses on consecutive days over the past three years, demonstrating its effectiveness in drawdown management and capital protection.

Does the EA trade all the time ?


The EA focuses on session-specific liquidity, targeting points where significant volume enters the market, particularly at the New York session open. Trades typically last between 20 minutes to 4 hours. If a trade doesn’t hit its stop loss or take profit by day’s end, it’s automatically closed. Users can backtest and adjust session times, with some finding profitable results with varied start times, demonstrating the EA’s flexibility in adapting to different market conditions.

Does the EA work on live capital ?

The EA is compatible with live capital as well as proprietary trading firm accounts. Trading with a standard broker may yield higher returns due to fewer restrictions compared to prop firms. Returns are closely tied to risk levels; higher risk can lead to higher rewards but also increases the potential for losses. It’s crucial to manage risk wisely and only commit what you’re prepared to lose, as the EA, like any strategy, will have losing days.

Can the EA trade anything other than US30 ?

The EA, initially optimized for the US30 strategy due to its responsiveness to USD volatility, has shown adaptability across other major USD currency pairs, such as EURUSD and GBPUSD. This versatility extends the EA’s applicability beyond its primary focus, offering opportunities for diversification. While US30 remains the recommended starting point to leverage the strategy’s core strengths, exploring additional instruments like XAUUSD, alongside the mentioned currency pairs, can enrich trading strategies after thorough backtesting and optimization to align with specific market dynamics.