What is Prop GT EA?
Prop GT EA is designed for passing the Prop Firms challenge and further trading while adhering all rules and maintaining specified drawdown limits. Prop GT EA use on platform Meta Trader 4, supports recommended currency pairs and trading time frames, important for the Expert Advisor to operate in the correct time zone, so before testing, you should correctly set the GMT parameter, Expert Advisor use PROP Controller Module in order to limit risks, the Expert Advisor includes a special module that collects profit and drawdown metrics of the account.
Vendor website: https://www.mql5.com/en/market/product/103722
Original price: $665
ForexEAshop price: $14 (you save 98%)
- Prop GT EA is designed specifically for passing Prop Firms challenges and adhering to their rules and drawdown limits.
- Expert Advisor has the Prop Controller Module helps monitor and manage risks by collecting key account metrics, closing orders to prevent account blow-ups, and prohibiting trading when certain conditions are met.
- The EA trading strategy is based on breakout scalping and utilizes a trailing stop module to minimize drawdowns, making it suitable for completing Prop Firm challenges.
Prop GT EA Features
- Used on platform: Meta Trader 4
- Currency pairs : EURUSD, GBPUSD, USDJPY
- Timeframe: M15
- Model: Every tick
- Leverage: 1:100
- Minimum deposit: $300 USD
- Designed for passing the Prop Firms challenge
- Setup Expert Advisor to operate in the correct time zone
Setup the GMT parameter correctly:
- The setting should be made at the time when the market is open and ticks are received in the trading terminal.
Open Google and search for “Current GMT time,” then open the first website that appears and note the time (for example, it’s 10:53).
- Open the trading terminal in which you will be testing and using the Expert Advisor. Open the data window (Market watch in English), and at the top of this window, you will see the time of your broker’s trading server (let’s say it’s 12:53).
- Subtract the Greenwich Mean Time (GMT) from the broker’s time and get the parameter to be set in the Expert Advisor (Example: 12-10=2, set +2 in the advisor).
Prop GT EA Controller Module
The main tasks of the PROP Controller module are as follows:
- Collects key parameters of the Prop account.
- Monitors daily and maximum drawdown, and if it approaches a critical level, it sends a command to close all orders to prevent the account from blowing up.
- Prohibits opening orders on the current day if the drawdown approaches a critical level.
- Monitors profit and sends a command to close all orders if the account’s profit exceeds the specified target.
- Prohibits trading until the Expert Advisor is restarted if the account is already in a profitable position.
Prop GT EA Pass the Prop Firm Challenge
Expert Advisor trading strategy relies on identifying breakout opportunities at support and resistance levels, and it incorporates an advanced trailing stop mechanism to effectively minimize account drawdowns. This strategic approach facilitates smooth progress in completing Prop Firm challenges.
See suggestions Pass the Prop Firm Challenge:
First of all, you should set up your Expert Advisor correctly and trade only the recommended currency pairs. At the beginning, I recommend to keep the maximum risk per trade at 1% (MM type = Risk per transaction, Risk = 1). This way you will be able to successfully complete the whole challenge without risk. In order to blow up the account, you will need to close more than 5 trades at the same time at StopLoss. This has not happened in history since 2014, this fact has been verified by the results of tests (you can check it yourself)
In case if the Prop Firm rules limit the challenge duration to 30 days and at the beginning of week 3 that you’re not meeting the profit targets, increase the risk to 2% (Risk = 2) for week 3. If you still can’t successfully complete the challenge
Some result Expert Advisor pass the Prop Firm Challenge:
Prop GT EA Download
Link download Prop GT EA v1.5 MT4 Without DLL will be sent to your email after purchase.
Updated January 31, 2024: Prop GT EA v1.5 MT4 Without DLL
Updated November 5, 2023: Prop GT EA v1.2 MT4 New (Working Version)
Updated October 11, 2023: Prop GT EA v1.2 MT4
+ Expert :
- Prop GT EA v1.1 .ex4
- Unlimited / NoDLL
- Free update