WGS PROP FARMING SETUP

STEP 1 - GAME PLAN & SETUP OVERVIEW

WGS PROP FARMING SETUP

STEP 1 - VPS SETUP

The first step is to purchase a VPS. Don't worry - It's only $11.89 a month and is WELL worth the cost. VPS stands for Virtual Private Server and is basically like a computer in the cloud. The VPS will allow you to run things 24/7 without any interruptions. The VPS is necessary for things to work, even if you own a laptop and want to leave that open and running 24/7.
You should choose the VPS location that is closest to your preferred prop firm’s server location in order to have better connection. 

*Our recommended location would be Amsterdam or London, as the main prop firms are usually located in Europe.

STEP 2 - PURCHASE TRIAL / CHALLENGE

The next step is to purchase the challenge from your Prop Firm.

Below is a list of prop firms available to choose from.

Each prop firm uses a different platform that you place trades on. The options are MT5, DxTrade, MatchTrader, or TradeLocker.

If you are just starting out and new to this, we suggest choosing prop firm under "MT5". It is the simplest to set up. We also suggest starting with a smaller challenge like a 25k challenge. A 25k challenge is the smallest you can go when using the hedge bot. Do not go smaller than 25k. This way you can get used to the setup process and be confident when you go to set up a larger challenge. Please reference the video in step 1 to choose an appropriate challenge size based on your available capital.

Make sure to ONLY purchase the USD challenges. 

If you buy a 70k GBP challenge, for example, the strategies won't work properly.

Please Note - Any of the prop firms listed below work well with our products. However, please note that to take a challenge with MatchTrader or cTrader, it will require purchasing a trade copier from a third party that ranges from $10/month to $99/year.

Please select from one of the following Prop Firms depending on your location.

The E8 PRO 1-step account is the ONLY 1 phase challenge we use. ALL others, you must purchase 2 phases.

The next step is to purchase the challenge from your Prop Firm.

If you are just starting out, please purchase a trial challenge from the prop firm The Funded Trader Program. Just create an account and you will see an option to start a free trial. We really like this option as it allows you to do a short 14-day challenge so that you can test things before paying for and taking a real challenge! It is exactly the same as a real challenge except it obviously doesn't count if you pass it. After you click to start a free trial, you will receive the credentials of your trial trading account that you will use later on when setting things up.

Please follow the steps in the video below to create your account and get your trial challenge credentials.

Please follow the steps in the example below about how to create an account with a prop firm and purchase a challenge. This video is just an example, but obviously follow the same steps for whatever prop firm you chose above.

STEP 3 - US CLIENTS OR NON-MT5 PROP FIRMS ONLY - HERON COPIER

This step is ONLY for US clients or international clients using a prop firm that does NOT offer MT5. Most prop firms now require you to use a copy trader. The best copy trader we have found is called Heron Copier. We have found this copier to be reliable and it's relatively inexpensive at just 

Discount: Code BLUEEDGE for 20% off

STEP 4 - CREATE BROKER ACCOUNT FOR HEDGING

In this step, you will create an account with a broker of your choice. This is the account you will use to hedge your challenges so that you can recover the majority of your challenge fee or sometimes even the full amount. (depending on market conditions and the broker's price feed). You are welcome to choose any broker you want that works with the hedge bot. However, we know for sure that the two brokers below work with the Hedge Bot.

Plexytrade - We have personally used the broker Plexytrade (used to be LQDFX) now for years and have had no issues. It is a good option whether you are a US citizen or international.

OX Securities - What we like about OX Securities is how easy it is to deposit. Plexytrade only allows crypto as a means of deposit, whereas OX Securities has an option to deposit via card (internationl only) or wire transfer (USA or international).

Sign up via the links below and receive $100 credit on any future BEF purchases!

Depositing Funds: After you create your account, you'll want to deposit funds into your broker account to hedge with. If you still have questions about how much to deposit into your hedge account, please reference the instructions in this Discord post by Prit. For instructions on how to deposit, click on the button below:

STEP 5 - SUBMIT YOUR INFORMATION TO THE TEAM

Your next step is to fill out the form to submit your information to the White Glove Setup team. Watch the video below on how to fill out the form. Then, click on the button below to fill out the form. If you have any questions while filling out the form, contact live chat support.