Should a prop firm ban expert advisors?
Quick answer
It depends on your platform and audience. Some firms allow expert advisors (EAs) and bots but ban specific strategies; others ban third-party or purchased EAs because many traders run identical copies. Write a precise policy rather than a blanket statement, and check what your platform supports.
Detailed answer
Policy options:
- Allow all automation, with prohibited strategies listed.
- Allow the trader's own automation, ban off-the-shelf EAs used by many traders.
- Ban automation entirely.
Considerations:
- Popular commercial EAs create many identical accounts, which looks like copy trading.
- Automation can exploit simulation in ways manual trading cannot.
PropExecutor's terminal does not run expert advisors or scripts; trading is manual through the browser and Android app, and order placement over the public API is planned rather than live. That simplifies the policy on PropExecutor accounts.
If you allow automation
Require that each trader's automated strategy is their own, prohibit running the same commercial bot across many accounts, and keep the right to review automated trading before payouts. Combine with objective rules such as minimum hold time.
Explain the policy
Traders who rely on automation will check the policy before buying.
Name the policy clearly on the rules page.
PropExecutor team · Updated
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