Prop Controller is the key to success for passing the Challenge

First of all, let's understand what Prop Controller is. It is a separate module built inside the Expert Advisor, the task of which is to prevent exceeding the allowable drawdowns on the account. And the type of account does not matter. It can be either a Prop account or your regular account. Prop Controller will work identically on these accounts.

The settings of the Prop Controller in the Prop Master Expert Advisor look like in this picture.

There are several parameters for setting the conditions of your Prop  Firm in the external settings of the Prop Master Expert Advisor. Let's look at all the parameters of Prop Controller:

• Challenge On - enables/disables the module;
• Max. daily drawdown - should be set the maximum allowable drawdown on the account for one trading day;
• Max. equity drawdown - should be set the maximum allowable drawdown on the account for the whole time;
• Phase Target - should be set the target profit value in percent for passing the challenge.

My recommendation is to set values not exactly the same as those that the firm sets, but a little less. This is required to avoid slippage beyond the specified values. Let's say the drawdown value for the day is 4%, you have set 4% in the Expert Advisor. When the controller sees the drawdown on the account greater than or equal to 4%, it will give a command to close orders at the market price. While the orders are being closed, the price may change not in your direction, and after closing the drawdown will be 4.01%. This is already more than 4% and the firm will block the account. Therefore, set 3.8% and protect yourself from slippage.

If the allowable drawdown has been reached on the account, Prop Controller will prohibit further opening of trades to the Expert Advisor. If it was the Max. daily drawdown, the prohibition is set until the next trading day. If it was the Max. eguity drawdown, the prohibition is set until you manually correct the situation on the account.

You may have noticed the Phase Target parameter. What is it for? The parameter is required so that Prop Controller can fix the target profit value. If the target profit on the account has already been reached, the controller blocks further opening of orders to fix the passing of the challenge rather than to make the situation worse.

Now you know and understand how useful this module is in the Prop Master Expert Advisor. You can be sure that the Expert Advisor is ready to complete the challenges of any Prop Firms, just configure the external parameters of the Expert Advisor according to the rules of the Prop Firm you are using.

I wish everyone to complete the challenge successfully!