The Prop GT EA V1.5 is an advanced Expert Advisor designed to help traders pass Prop Firms challenges and maintain consistent trading performance while adhering to strict drawdown limits. This expert tool is optimized for the EURUSD currency pair and operates on the M15 timeframe. It employs a robust strategy focused on the breakout of support and resistance levels, combined with a high-performance trailing stop module to ensure minimal drawdowns and maximum profitability.
Key Features
1. PROP Controller Module: This module collects profit and drawdown metrics, ensuring that the account stays within specified risk parameters. It monitors daily and maximum drawdowns, sends commands to close all orders if critical levels are approached, and prevents further trading until the situation is rectified.
2. GMT Parameter Setting: It is crucial to set the GMT parameter correctly for accurate performance. This involves checking the current GMT time and aligning it with your broker’s server time to ensure the EA operates in the correct time zone.
3. Money Management: The EA offers two money management types: Fixed Lot and Risk per Transaction. This flexibility allows traders to choose their preferred risk management strategy, ensuring optimal performance based on their trading style and account size.
4. Breakout Scalper Strategy: The EA’s strategy focuses on the breakout of support and resistance levels, with a trailing stop module to secure profits and minimize risks. This strategy has proven effective in passing Prop Firm challenges with minimal drawdowns.
How to Pass the Prop Firm Challenge?
To successfully pass the Prop Firm challenge, set the EA correctly and trade only the recommended currency pairs. Initially, set the maximum risk per trade at 1%. If profit targets are not met by week 3, gradually increase the risk to 2% and then 3% if necessary. Historical tests since 2014 show that this approach significantly reduces the risk of account blow-up.
Trading Panel for Manual Control
The Prop GT EA includes a Trading Panel module for those who prefer manual trading. This module allows traders to open trades manually with a high-performance trailing stop. To access this feature, leave a review and send a private message to the developer. The trading panel includes signal indicators for potential market entry points, ensuring 99% accuracy when used correctly.
Recommended Settings
For optimal performance, the Prop GT EA is pre-configured for trading with EURUSD, GBPUSD, and USDJPY currency pairs. Set the GMT parameter accurately and adjust the risk level per trade as described. Ensure to follow the guidelines for setting StopLoss, TakeProfit, and Trailing Stop parameters to maximize the EA’s effectiveness.
Specifications
Specification
Details
Symbol
EURUSD
Timeframe
M15
Model
Every tick
Currency Pairs
EURUSD, GBPUSD, USDJPY
Leverage
1:100
Minimum Deposit
$300 USD
EURUSD Spread
Up to 8 pips
Broker’s Time Offset
Relative to GMT
Money Management Type
Fixed Lot, Risk per Transaction
Prop Challenge On
Yes
Prop Daily Drawdown
Configured per Prop Firm rules
Prop Max Drawdown
Configured per Prop Firm rules
Prop Phase Target %
Set as per challenge requirements
StopLoss
Configurable
TakeProfit
Configurable
General TakeProfit
For multiple orders
Trailing Stop
Configurable
Minimum Trailing Profit
Configurable
Brand
EA MT4
Refund
Refund and Replacement Policy
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1. Digital Product Nature: Our products are exclusively digital, encompassing downloadable software, e-books, templates, and other digital content. As these products are intangible and delivered electronically, physical returns are not applicable.
2. Refund Eligibility: Given the inherent nature of digital products, standard refunds are generally not offered post-purchase. We encourage you to thoroughly review the product description, features, and compatibility information before making a purchase decision.
3. Defective Products: In the rare event that you receive a defective product, we are committed to addressing the issue promptly and professionally. If you encounter a problem, such as technical glitches or errors on our part, please contact our Customer Support team within [number of days, e.g., 14 days] from the purchase date.
4. Replacement or Refund for Defective Products: Upon verification of a legitimate defect, we offer the option to either replace the faulty product with another one of your choice or initiate a refund. Your satisfaction is our priority, and we strive to resolve issues related to product defects in a fair and efficient manner.
5. Technical Issues: If you face technical challenges hindering your access to or use of the purchased digital product, please reach out to our Customer Support team for assistance. We are dedicated to resolving technical issues promptly to ensure your satisfaction.
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install
The installation of this Expert Advisor is BASIC INSTALL SKILLS ( NODLL ).
This is the easiest type of installation for Expert Advisors.
This Expert Advisor is a .zip file and as it does not include msimg32.dll. You don’t need to deactivate your antivirus or anything like that; simply purchase and download.
Copy the EA folder content from your product to the EA folder of your MT4 installation.
Once all the files copied, open your Meta Trader 4 or refresh Expert Advisors, thats it.
Responsability
Tradingview.video disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.
A crucial reminder: Always conduct thorough backtesting before deploying any strategy with a live trading account.
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admin (store manager) –
Great EA, recommended