Lessons
Our notebook · Lesson 20

Prop firm plan and timeline

We do not buy a challenge until a bot shows 30+ trades and more than +0.1R a trade. Even then, we run an MT5 demo first. No bot has done this yet.

The firms we are looking at ($10,000 account)

RuleFundedNext Stellar Lite (chosen for now, with EA add-on)FTMO (backup, €89)
Profit targets8%, then 4% (+$800, then +$400)10%, then 5% (+$1,000, then +$500)
Daily loss limit4% (−$400)5% (−$500)
Max loss8% static (−$800, floor $9,200)10% (−$1,000, floor $9,000)
NotesAt least 2 days, no time limitBots allowed for free

Our bots already use the stricter FundedNext limits.

Before buying

  1. Confirm in writing that a Python MT5 bot is allowed.
  2. Confirm Nepal eligibility and the payout rules.
  3. Never hide bot use from the firm.

Timeline

WhenWhat
Now to mid-December 2026Learn. All bots on paper. Test new ideas honestly.
Mid-DecemberCheckpoint: which bot has 30+ trades and more than +0.1R?
January 2027Decide: MT5 demo and then a challenge, or keep learning.
Quick check

What must happen before we buy a challenge?

Where do you confirm a firm's rules?