Yes. Expert Advisors (EAs), trading bots, algorithms and automated trading tools are allowed at Upcomers, as long as they follow our trading rules.
You can use automation to improve execution, manage risk, calculate position size, manage Stop Loss / Take Profit levels or trade your own systematic strategy.
What types of EAs and automated tools are allowed?
Custom-built Expert Advisors
Third-party or purchased EAs
Personal trading bots
Trade managers and risk managers
Lot size calculators
Stop Loss / Take Profit managers
Break-even and trailing stop tools
News filters
Semi-automated execution tools
There is no limit on how much of your account balance an EA can trade.
You are responsible for all trading activity on your account, including trades placed, modified or closed by an EA, bot or any automated tool.
Third-party EAs
Yes, you can use third-party and purchased EAs.
Every trader has a different style, and no EA fits everyone the same way. In our experience, an EA works best when it helps you trade a strategy you already know – one you have traded yourself before, or one you understand really well.
That is why we recommend taking the time to adjust the EA's settings to your own approach – the markets you trade, the risk you are comfortable with and the timing that suits you – instead of running it straight out of the box. An EA set up around your own strategy is easier to trust, easier to manage and easier to improve.
Prohibited EA usage
The following is prohibited, whether done by an EA or manually:
High-frequency trading (HFT)
Tick scalping
Latency arbitrage, reverse arbitrage and hedge arbitrage
Exploiting platform or data-feed errors
Use of emulators
Copying trades from accounts that belong to other people, or from signal providers
Letting a third party manage or trade your account
Running the same EA with the same settings as other traders so that your accounts produce the same trades
Any other strategy listed in Prohibited trading strategies
Automation is allowed. Abuse is not.
Can I use an EA only for risk management?
Yes. EAs or tools used only for risk management, lot size calculation, Stop Loss / Take Profit placement, break-even management or trailing stops are allowed.
Can Upcomers ask me for information about my EA?
Yes. During a payout review we may ask you what your EA does, whether it is your own or third-party, and what settings you use.
You do not need to send anything before you start trading.
Is my account reviewed differently if I use an EA?
Using an EA never closes your account by itself.
When you request a payout, every account is checked for compliance with our trading rules. Manual and automated trading are reviewed by exactly the same standard – there is no stricter review for EA users or for any other group of traders.
Have a specific question?
If you have a question about your EA or your setup, message us in the chat or email [email protected]. We are happy to help.
The bottom line: EAs are allowed at Upcomers. Set them up your way and trade.