FAQ
Common Questions
What broker does Algo V1 work with?+
Algo V1 is compatible with any MetaTrader 5 broker that supports Expert Advisors (EAs). We recommend IC Markets, Pepperstone, or FP Markets for the lowest spreads on XAUUSD and EURUSD both critical for FVG strategy profitability. We provide a full broker compatibility list in the setup guide.
Do I need a VPS to run the algo?+
For optimal performance, yes. A VPS (Virtual Private Server) ensures the algo runs 24/5 without interruption, even if your PC is off. We recommend a Windows VPS with at least 2GB RAM near your broker's server location. We include VPS setup instructions and recommended providers in the onboarding guide.
How does the algo achieve a 67.5% win rate?+
A 67.5% win rate combined with a 1:2 Risk:Reward ratio creates a highly profitable expectancy on every trade placed. The algo achieves this by combining Fair Value Gap detection with precise Break of Structure confirmation and session-based entry windows only entering trades where institutional order flow is heaviest and FVG fills are most reliable. The result is fewer but higher-quality setups, with the average win ($3,214) being nearly 2x the average loss ($1,634).
What does the 46.89% drawdown mean for me?+
The maximum drawdown represents the largest peak-to-trough decline in the equity curve during the backtest period. At 46.89%, this is a significant drawdown it occurred primarily during August when the strategy faced a difficult market regime on XAGUSD. In the optimised XAUUSD+EURUSD-only configuration, the effective drawdown is meaningfully lower. We strongly advise starting on a demo account and only deploying live capital you are fully comfortable losing.
How do I receive updates to Algo V1?+
All updates are distributed through your member dashboard. When a new version is released, you will receive an email notification and can download the updated .ex5 file directly from the Member Area. Simply remove the old EA from your chart, install the new file, and reattach it with your saved settings.
Can I run this on a funded prop firm account?+
Compatibility with prop firm rules depends on the specific firm's EA policy. Most prop firms allow automated EAs. However, the 0.5% risk per trade setting means on a $100K funded account you risk $500 per trade well within most prop firm daily loss limits. We recommend checking your specific firm's restrictions before deploying. We are not responsible for account failures due to prop firm rule violations.
Is there a money-back guarantee?+
Yes we offer a 7-day money-back guarantee on all plans. If you are unable to get the EA running correctly on MetaTrader 5 within 7 days of purchase, contact support@entrafx.com and we will provide a full refund, no questions asked. This does not apply if the EA is working correctly and you simply choose not to use it.