Prop GT V1.5 EA MT4: A Comprehensive Overview
Introduction
The Prop GT V1.5 EA is an advanced Expert Advisor (EA) designed for the MetaTrader 4 (MT4) trading platform. It caters to traders seeking automated solutions and aims to optimize profitability while minimizing risk.
Key Features:
- Trading Strategies:
- Trend Following: Captures steady profits from prevailing market trends.
- Counter-Trend Scalping: Capitalizes on short-term market movements for quick bursts of profit.
- Optimal Currency Pair and Timeframe:
- Currency Pair: EURUSD
- Timeframe: H1 (1-hour chart)
- Minimum Deposit:
- Recommended minimum deposit: $300 USD
- GMT Parameter Configuration:
- Set the GMT parameter correctly to align with your broker’s trading server time.
- Follow the step-by-step process provided by the EA developer.
- Risk Management: PROP Controller Module
- Collects key account parameters.
- Monitors daily and maximum drawdown.
- Closes orders to prevent excessive losses.
- Prohibits opening orders if drawdown approaches critical levels.
- Monitors profit and closes orders when profit targets are reached.
- Ensures account stability and adherence to rules.
- Money Management Options:
- Choose between:
- Fixed Lot: Set a specific lot size for orders.
- Risk per Transaction: Calculate lot size based on deposit size and risk percentage.
- Choose between:
- Integration with PROP Firm Rules:
- Aligns with specific drawdown limits and daily thresholds.
- Includes Prop Phase Target % for setting profit goals.
- Breakout Scalper Strategy:
- Based on the breakout of support and resistance levels.
- High-performance trailing stop module minimizes drawdowns.
- Facilitates smooth completion of Prop Firm challenges.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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Contact: MQL5 SOFTWARE
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