Gokar EA MT4 V3.1 + Setfiles

Gokar EA Introduction

Gokar EA is a specialized MetaTrader 4 expert advisor engineered specifically to help traders pass proprietary firm challenges like FTMO, MyForexFunds, and TrueForexFunds. This advanced pattern recognition EA combines Elliott Wave analysis, Harmonic patterns, and Fibonacci techniques with high-frequency scalping on XAUUSD. The EA targets achieving 10% profit while maintaining strict drawdown control under prop firm requirements.

Backtest results show impressive performance with 78.92% win rate and 3.23% maximum drawdown on a $50,000 account simulation. Gokar EA delivers automated trading precision designed for Phase 1 prop firm challenges with disciplined risk management.

🔹Vender website: https://t.me/gokarfox95

Key Highlight

Core Trading Strategy:
• Pattern Recognition System: Combines Elliott Wave (Triple Combo WXYXZ, Double Combo WXY), Harmonic patterns, and Fibonacci analysis
• High-Frequency Scalping: Executes rapid trades on lower timeframes (M5-H1) for consistent profit accumulation
• Prop Firm Optimization: Specifically calibrated for 10% profit targets with maximum 5% drawdown limits
• Multi-Pattern Confirmation: Utilizes XABCD Pattern, Three Drives Pattern, and Gann Square analysis for entry validation

Risk Management Features:
• Drawdown Protection: Customizable Max Drawdown Limit (tested at 12% with actual results showing 3.23%)
• Position Control: Configurable maximum open trades and spread filtering
• Trailing Stop System: Advanced trailing stop with customizable start points and step increments
• Recovery Mode: Built-in recovery mechanism with forced exit options for capital protection

Verified Performance Data:
• Win Rate: 78.92% across 906 trades in H1 XAUUSD backtesting
• Profit Factor: 3.12 with gross profit of $6,989.49 against $2,238.68 losses
• Risk Control: Maximum drawdown of 3.23% on prop firm simulation settings
• Expected Payoff: 5.24 per trade with consistent profitability patterns

Risk Disclosure: High-frequency scalping strategies are sensitive to broker execution quality and spread conditions. Users should test thoroughly on demo accounts and understand that past performance doesn’t guarantee future results.

Gokar EA Recommended

Trading Specifications:
• Platform: MetaTrader 4 (MT4)
• Primary Pair: XAUUSD (Gold vs USD)
• Timeframes: M5, M15, M30, H1 (optimized for M5-H1 scalping)
• Account Types: ECN accounts recommended for optimal execution
• Minimum Deposit: $2,000-$50,000 (depending on prop firm requirements)
• Leverage: 1:100 or lower recommended for prop firm compliance
• Recommended Brokers: Exness, HTFX for optimal execution quality

Important Advisory: High leverage increases both profit potential and risk. Always verify broker compatibility with scalping strategies and understand prop firm specific requirements before live trading.

Installation and Usage Tips

Essential Parameters:
• Prop Phase Target: Set to 10% for standard prop firm challenges
• Challenge Prop Mode: Enable (true) for prop firm compliance
• Max Drawdown Limit: Configure based on prop firm rules (typically 5-12%)
• Fixed Lot Size: Use conservative sizing (0.01-0.1) for consistent risk management
• MaxSpread: Set to 25 or lower to avoid wide spread conditions
• TrailingStop: Configure with 7-30 pip settings for profit protection
• MaxOpenTrades: Limit to 4-10 positions to control exposure
• ClosePercentLoss: Set to 0.5% for daily loss limits

Strategy Settings:
• Elliott Triple Combo Wave: Default 45.0 for wave pattern recognition
• XABCD Pattern: Configure to 89 for harmonic pattern detection
• Three Drives Pattern: Set to 300 for momentum confirmation
• Recovery Mode: Utilize 25.0 setting for position recovery logic

Risk Warning: Proper parameter configuration is crucial for prop firm compliance. Test all settings on demo accounts before attempting live challenges.

Gokar EA Review

Gokar EA delivers solid performance for prop firm challenges with 78.92% win rate and controlled 3.23% drawdown. Best suited for traders targeting FTMO-style challenges who understand scalping risks and can optimize parameters properly.

Backtest Performance Highlights:
• Period: August-December 2024, XAUUSD H1 timeframe
• Total Trades: 906 with 715 profitable positions
• Net Profit: $4,750.82 from $50,000 initial deposit
• Risk Metrics: 3.23% maximum drawdown, 3.12 profit factor
• Execution: Average profit trade $9.78, largest loss contained at $88.19

Secondary Test Results:
• Extended Period: November 2024-March 2025 simulation
• Performance: 79.40% win rate with 2.63 profit factor
• Drawdown Note: Higher drawdown (28.08%) in different market conditions shows parameter sensitivity

Why Choose Gokar EA

• Prop Firm Specialized: Purpose-built for FTMO, MyForexFunds, and TrueForexFunds challenge requirements with proven backtest compliance
• Advanced Pattern Recognition: Combines multiple technical analysis methods (Elliott Wave, Harmonic, Fibonacci) for sophisticated entry signals
• Proven Risk Control: Demonstrated ability to maintain drawdowns under prop firm limits while achieving profit targets
• High Win Rate Performance: Consistently achieves 78-79% win rates across different testing periods and market conditions
• Comprehensive Customization: Extensive parameter options allow fine-tuning for specific prop firm rules and risk tolerances

Conclusion

Gokar EA offers specialized prop firm challenge capabilities with proven pattern recognition and risk management. Best suited for experienced traders familiar with scalping strategies and prop firm requirements who can optimize complex parameter settings effectively.

Ready to Use Gokar EA?

• Telegram Support: https://t.me/+TT_oy2yBiQZjZjE1
• Email Contact: [email protected]
• Website: cheapforexea.com

Gokar EA MT4 Download Packages:

• Link download experts:
  • Gokar EA v3.1.ex4
• Presets:
  • Prop Firm (Gold).set