PropEA MT5 — Automated Prop Firm Challenge EA for XAUUSD

PropEA MT5 is a prop firm challenge automation EA trading XAUUSD on M5 timeframes inside MetaTrader 5. The EA recorded $3,910.31 profit against a $3,000 target on a prop account (January 2024), reaching TARGET status within the evaluation period.

Key Highlights

• ✅ Built specifically for prop firm evaluations — respects daily and max drawdown rules automatically
• ✅ Reached TARGET status ($3,910 profit vs $3,000 goal) on a live prop account in January 2024
• ✅ Trades XAUUSD M5 with configurable daily loss ($490) and max summary loss ($990) hard limits
• ✅ Hard-coded loss ceilings enforced by the EA itself — not reliant on broker stop-out
• ✅ Prop-scaled lot projection built in — syncs challenge lots (16.06) to real account sizing (4.18) automatically
• ✅ MT5-native — browse more prop firm EAs if you need MT4 variants or multi-pair support

Performance Results

The January 2024 prop account statement shows $3,910.31 net profit against a $3,000 challenge target — a 130% target completion within the evaluation window. The account reached TARGET status with $210,120 balance recorded. Daily and summary drawdown limits stayed within prop firm thresholds throughout the period.

The statement covers a single six-day evaluation window (Jan 10–16, 2024) with only two documented trades. One trade produced a $10,120 loss, offset by a matching $10,120 gain. This is a narrow data sample — one adverse trade sequence without the offsetting win would have breached challenge limits entirely. Set Max Daily Loss to $490 and Max Summary Loss to $990 as configured in the provided settings. Monitor daily P&L actively — the EA enforces its own loss ceilings, but broker execution gaps during high-volatility XAUUSD moves can cause slippage beyond programmed limits. Realistic outcome on a standard $10,000 prop challenge: target achievable within 1–3 weeks under trending XAUUSD conditions, with failure risk on sharp reversal days.

Live prop account data from January 2024 — single evaluation period, two trades. Run a 60+ day demo on your specific prop firm’s conditions before submitting a funded challenge. Past performance does not guarantee future results.

How It Works

Strategy: Directional XAUUSD trading on M5 — exploits short-term momentum moves with prop firm drawdown rules as hard constraints.

Entry: Triggers on directional signal confirmation; sell entries documented at 2038.97 in live data.

Exit: Fixed take profit and stop loss at 500 points each — symmetric risk/reward per trade.

Risk Control: Hard daily loss ceiling ($490), max summary loss ceiling ($990), auto lot scaling between prop and real accounts.

✅ Best conditions: Trending XAUUSD sessions • Active London/NY overlap • Prop accounts with ≥$490 daily drawdown allowance

⚠️ Caution: Choppy, range-bound XAUUSD • High-impact news events (NFP, FOMC) • Prop rules below $490 daily loss tolerance

Technical Specifications

This EA runs on MT5 only. Need an MT4-compatible alternative? Browse MT4 EAs.

Who Should Use This EA

✅ Ideal for:

• Prop firm challengers targeting FTMO, MyFundedFX, or similar firms with daily/max drawdown rules — this EA enforces those limits automatically. See more prop firm EAs
• XAUUSD traders comfortable with short-term M5 directional strategies and 500-point stop distances
• Traders who want EA-enforced risk discipline — removing manual override temptation during drawdown

✅ Best results when:

• Running on a prop account with $490+ daily drawdown allowance matching the EA’s configured limits
• Deployed during trending XAUUSD sessions with a VPS ensuring zero execution gaps

Download Package Included

• ✅ Experts:
  • PropEA MT5 EA (.ex5)
• ✅ Presets:
  • (Max Daily Loss $490 / Max Summary Loss $990 / 500pt SL-TP as documented).set
• ✅ Installation and setup guide

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Frequently Asked Questions