PropEA MT5 V1.2+ Setfiles

PropEA MT5 Introduction

PropEA MT5 is a professional-grade Expert Advisor specifically designed to help traders pass prop firm challenges and secure funding through proprietary trading firms. This sophisticated MT5 trading software focuses on XAUUSD (Gold) trading with robust hedging logic and strict risk management protocols.

Key Highlights

• Prop Firm Challenge Specialist: Specifically engineered to meet the stringent requirements of proprietary trading firm evaluations like FTMO, MyForexFunds, and True Forex Funds with automated risk controls and performance tracking.
• Advanced Hedging Strategy: Employs a sophisticated hedging mechanism that intelligently reduces market exposure during uncertain or highly volatile periods, providing essential protection during challenge phases.
• Comprehensive Risk Management: Automatically enforces strict daily loss limits, maximum drawdown thresholds, and profit targets – critical parameters for passing prop firm evaluations and protecting trading capital.
• Capital Recovery Logic: Features an innovative approach to minimize financial risk by attempting to recover the challenge fee if the initial evaluation attempt is unsuccessful.
• Visual Performance Dashboard: Displays real-time challenge progress with clean, intuitive interface showing profit/loss metrics, drawdown percentages, and target achievement directly on your chart.
• Performance Metrics:
  • Current trading performance shows successful daily profit generation of 8,210.59
  • Effective risk management with predefined maximum daily loss of $90 and maximum summary loss of $490
  • Specialized lot sizing projection (Prop: 15.06, Real: 4.18) to maintain consistent risk exposure
  • Positive performance on specific currency pairs like SDJPY and EURUSD

PropEA MT5 Recommended

• Trading Platform: MetaTrader 5 (MT5)
• Primary Pair: XAUUSD (Gold)
• Additional Pairs: Multi-currency capability including UCAD, SDJPY, EURUSD, GBPUSD
• Supported Timeframes: Multiple timeframes from M1 to Monthly (M1, M5, M15, M30, H1, H4, D1, W1, MN)
• Account Types: Standard, ECN compatible
• Recommended Minimum Deposit: $1,000
• Product Type: DLL Build 4885

Installation and Usage Tips

• Working Mode Settings: Choose between Real (slave) or other modes depending on your evaluation phase
• Risk Management Configuration:
  • Max daily loss: Set at $90.0 default (customizable)
  • Max summary loss: Set at $490.0 default (customizable)
  • Target profit: Default $1,000.0 (adjustable per challenge)
  • Total cost reference: Default $155.0 (can be modified to reflect actual challenge cost)
• Challenge Parameters:
  • Drawdown calculation mode: Select appropriate type based on prop firm requirements
  • Verification level: Set to 1 by default (adjustable per firm rules)
  • Minimum trading days: Default 4 (customizable based on challenge requirements)
• Trade Settings:
  • Magic number: 123456 (customizable for trade identification)
  • Support trade SL: 500.0 points default
  • Support trade TP: 500.0 points default
  • Auto-trade: Enable/disable automated execution
• Visual Dashboard Customization:
  • Background transparency: 230 default
  • Text color: White default
  • Background color: Navy default
  • Font options: Arial, size 10 default

PropEA MT5 Review

PropEA MT5 delivers solid performance for serious prop firm challenge participants, with its strength lying in strict risk management and protective hedging strategy. The visual dashboard provides excellent transparency into trading progress. While performance data shows promising results with effective currency pair selection, the drawdown metrics indicate aggressive positioning that requires careful monitoring. The EA performs best when properly configured to match specific prop firm requirements.

Why Choose PropEA MT5

• Purpose-Built for Funding Challenges: Unlike generic EAs, PropEA MT5 is specifically engineered to meet the unique requirements of prop firm challenges with risk parameters that align with evaluation rules.
• Comprehensive Visual Feedback: The intuitive dashboard displays all critical metrics directly on your chart, eliminating the need to constantly monitor multiple screens or reports during the challenge period.
• Intelligent Hedging Protection: The sophisticated hedging mechanism provides essential protection during volatile market conditions, helping prevent catastrophic drawdowns that would fail a challenge.
• Dual-Purpose Strategy: Not only focuses on passing the challenge but also includes capital recovery logic to help recoup costs if unsuccessful, providing financial security other EAs don’t offer.
• Easy Configuration for Different Firms: Flexible parameter settings allow quick adaptation to various prop firm requirements (FTMO, MyForexFunds, True Forex Funds, etc.) without needing multiple EAs.
• Fully Automated Operation: Once configured, the EA handles all trading decisions autonomously, eliminating emotionally-driven mistakes that often cause challenge failures.

Conclusion

PropEA MT5 represents a specialized solution for traders serious about passing prop firm challenges and accessing larger trading capital. Its strength lies in balancing profit generation with strict risk management—the exact balance needed for evaluation success. Best suited for intermediate to advanced traders who understand prop firm requirements and are willing to properly configure risk parameters for their specific challenge conditions.

Ready to Use PropEA MT5?

• Website: cheapforexea.com
• Telegram: https://t.me/+TT_oy2yBiQZjZjE1
• Address: 1161 36th St, Emeryville, CA 94608
• Phone: (510) 555-2412
• Email: [email protected]

PropEA MT5 Download Packages:

• Link download experts:
  • PropEA MT5 (unlimited).ex4
• Presets