Overview of v1.7 changes
- New Drawdown Protection System designed for prop‑firm and funded account rules, reducing the risk of rule violations and premature account closure.
- Automated GMT Offset Detection to auto-configure broker server time and avoid mismatched bar timestamps.
- Full compatibility across Windows, macOS, Linux and VPS providers after removal of the legacy .dll dependency.
- Simplified single-file installation (.ex4/.ex5) with optional automated installer for one‑click setup.
- Removed obsolete parameters to streamline configuration and reduce user errors.
- Improved license verification via secure WebRequests to the vendor server.
- Updated backtest suite published on the official site.
Why drawdown protection matters
- Protects funded account limits: enforces soft recovery behavior that respects prop‑firm drawdown rules.
- Minimizes manual intervention: recovery logic reduces forced shutdowns during testing phases.
- Trend and volatility awareness: the system adapts risk handling when market stress spikes.
Technical highlights
- GMT auto-detection: reliable for brokers with nonstandard time offsets; reduces configuration errors for new VPS installs.
- Cross‑platform operation: works with mainstream VPS images and containers; no OS‑specific .dlls required.
- Single-file delivery: fewer moving parts for faster deployment and safer transfers between demo, VPS, and live environments.
Installation and configuration checklist
- Allow WebRequests to the official URL to enable license validation and news updates.
- Deploy the single .ex4/.ex5 file to the chart and enable automated trading.
- Prefer a low-latency VPS close to your broker, test on demo/funded evaluation first.
- Avoid custom filters that conflict with the built‑in recovery algorithm.
Backtests and expectations
- New full backtests for supported pairs were published; they illustrate historical robustness but do not guarantee future returns.
- Recommended: run forward tests on a demo account and confirm behavior under the target prop‑firm rules before scaling.
Practical notes for traders using IC Markets
- Ensure broker settings comply with the prop‑firm requirements of IC Markets; some execution and symbol rules differ between brokers.
- Use the Drawdown Protection System when operating under strict funded account constraints.
Conclusion
v1.7 prioritizes compliance, ease of deployment, and reliable operation across modern VPS and broker environments. It reduces configuration overhead while adding safeguards for traders who use funded and prop‑firm accounts.
