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Prop Master MT4

375 USD

Demo downloaded: 139

Published: 8 April 2024

Current version: 1.6

Prop Master MT4

Name: Prop Master MT4
Price: 375.00 USD
Rating: 5 (1 reviews)
Author: Sergey Ermolov

Experts
Sergey Ermolov
Version: 1.6
Updated: 12 June 2024
Activations: 10

Prop Master Expert Advisor works according to the classical strategy and follows all the rules set by Prop firms for their clients. The Expert Advisor can be traded both on funded accounts of Prop firms and on your own accounts. There is no restriction on the type of trading account.

Check out the Prop Master live signal: https://www.mql5.com/en/signals/2216370

How to test the Expert Advisor?

It is important for the Expert Advisor to operate in the correct time zone, so before testing you should correctly set the GMT parameter.

How to set 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, 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 Expert Advisor).

IMPORTANT !!!

Check the spread size on your trading account. If the average spread is greater than 5 then you will get results that will be much worse compared to those with a spread size between 0 and 4. Open an ECN or Prime account in your trading terminal and make sure that the spread is between 0-4 pips.

Do not test the Expert Advisor on weekends. Brokers worsen trading conditions in the last seconds of trading on Friday, and trading conditions are fixed for the whole weekend. You may get different results than usual on weekends.

Prop Master respects all requirements of Prop firms

StopLoss and TakeProfit are set in each trade
Classic breakout strategy (does NOT use averaging and martingale)
Does NOT use high frequency trading
You can set a limit on the maximum number of open trades
Magic Number and Comment parameters of the order are displayed in the settings. (Set these values to unique to avoid Copy trading blocking)
The module for tracking drawdowns is already inside the Expert Advisor

How does the drawdown tracking module work?

Especially for working on Prop Firm accounts, the Expert Advisor has a module for monitoring drawdowns on the account. The module takes into account negative trades from the history, as well as current trades that are still in the market. If the drawdown exceeds the maximum specified drawdown on the account or the maximum specified drawdown for the day, the Expert Advisor will close all orders at the market price.

IMPORTANT !!! Prop controller works with all orders on the account and in case of exceeding the drawdown, it will close not only the orders of Prop Master Expert Advisor, but also the orders of other Expert Advisor, which can also work on your account.

How to configure Prop Master for trading on Prop account

You need to enable the Prop Controller module - "Challenge On" = true.
Set the value of maximum drawdown for the day "Max. daily drawdown (%)".
IMPORTANT !!! Set the value a little less than the broker allows, because at times of a very active market you may catch slippage, and the drawdown may slightly exceed the allowed values. In case you set it a little less, you will have a small reserve so that you do not violate the rules.
Set the maximum drawdown value "Max. equity drawdown (%)" (The rules for setting the drawdown are the same as for the daily drawdown).
Set the profit target value in percentage "Phase Target (%)". If the profit target value will be reached, the Expert Advisor will stop trading so as not to spoil the situation.

Key advantages of the Prop Master Expert Advisor

The Prop Master Expert Advisor sets adequate small StopLoss and TakeProfit in each order.

It is important to pay attention to this, because some Expert Advisors set a very large StopLoss in the order and just wait for the wrong entry into the trade or do not set StopLoss at all. Thus, you can constantly get profitable trades, but if the market goes wrong, you can get a loss of half of your deposit or lose your entire deposit if StopLoss is not set at all.

A proper money management strategy limits the loss on each trade to a percentage of your deposit.

I believe this is the most correct trading, when you open a trade, you calculate the lot size in such a way that your maximum loss on the trade is from 1 to 7% of your deposit (everyone chooses for himself an acceptable risk per trade). Therefore, the Prop Master Expert Advisor calculates the lot size for each trade individually, based on the StopLoss size calculated by the strategy and the size of your deposit.

The Prop Master uses high-performance trailing stop in trading.

It is necessary to fix the profit, and trailing stop allows you to fix the profit on the trade in case the market suddenly turns to the side against the open trade. Even if in this case you will not always get profit from a larger market movement, but using trailing stop allows you to reduce the number of losses and thus increases the stability and profitability of the Prop Master Expert Advisor.

You can find all articles about Prop Master Expert Advisor here >>

Description of the Prop Master Expert Advisor settings

GMT - a parameter that is needed first of all for proper testing of the Expert Advisor. How to set this parameter correctly, please read in the block "How to test the Expert Advisor"
Money Management Type - a switch that sets the type of calculation of the trade lot:

Fixed lot - set the switch to this position so that each trade is opened with a fixed lot. The lot size is set in the "Fixed lot" parameter
Auto-lot - set the switch to this position so that the lot size is calculated automatically depending on the size of the account balance. Calculation formula: Account Balance / Divider
Risk per transaction - set the switch to this position so that the lot size is calculated in such a way that the loss on one trade is not more than the specified percentage of the deposit. The risk percentage is set by the "Risk per transaction" parameter

Fixed lot - sets a fixed lot size (Money Management Type = Fixed lot)
Divider - sets the divider for the lot calculation (Money Management Type = Auto-lot)
Risk per transaction - sets the percentage of risk per transaction (Money Management Type = Risk per transaction)
Maximum trading spread - the size of the maximum spread at which the Expert Advisor can work. If this value is exceeded, the Expert Advisor will not place orders
Maximum number of deal - allows you to set the maximum number of orders placed simultaneously

Time filter

Enable the operation of the time filter - limits the Expert Advisor's operation at night, during periods of low market activity and increased spread size
Start trade (hour) - hour after which the Expert Advisor starts working
Stop trade (hour) - hour after which the Expert Advisor finishes its work

Order Parameters

Minimum SL for auto calculation - minimum value of StopLoss size. If the calculated value of StopLoss is less than the specified one, the trade is canceled. (Relevant in case of automatic calculation of the StopLoss size by the Expert Advisor)
StopLoss - StopLoss size in pips (0 - StopLoss size is calculated automatically according to the internal logic and strategy of the Prop Master Expert Advisor) (10 pips - 0.0010 or 0.00100)
TakeProfit - TakeProfit size in pips (0 - TakeProfit size is calculated automatically according to the internal logic and strategy of the Prop Master Expert Advisor) (10 pips - 0.0010 or 0.00100)

Prop firm settings

Challenge On - set "true" to start the Prop Controller module
Max.daily drawdown (%) - set the maximum drawdown for the day
Max. equity drawdown (%) - set the maximum drawdown of the account by Equity
Phase Target (%) - set the amount of profit for passing the challenge

Other

Magic Number - unique number of the Expert Advisor (the Expert Advisor uses numbers from MagicNumber to MagicNumber+10
Order comment - comment that is recorded in the order

How to install the Prop Master Expert Advisor correctly?

In order to start trading with the Prop Master Expert Advisor, you need to download it to your trading terminal, as well as download the settings of the Expert Advisor here. The Expert Advisor is configured for trading on EURUSD and GBPUSD.

The set files contain the basic settings for trading with the Expert Advisor, and everyone sets the risk settings himself based on his understanding of the risks. For someone acceptable risk for one trade is 0.5% of the deposit, and someone can risk 10% in the prospect of greater profits. Therefore, you need to set the Money Management Type and Risk per transaction settings yourself. You can find the description of the parameters of the Expert Advisor and Money management in particular above in the description.

Trading account requirements

EURUSD spread less than 6 pips
Minimum deposit 100$
Leverage from 1:20
ECN, NDD or RAW account
Server ping up to 25 ms is preferable

I'm Sergey Ermolov, subscribe to my updates!

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334

Rodrigo Benites De Moraes 2024.05.14 21:19 #

Works, good profit and great support from the seller, thank you

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Several experts in one expert With this expert, you can use several up-to-date strategies Enhanced with artificial intelligence Can be used in several popular forex currencies Can be used in the most popular forex time frames Without using high-risk strategies Attributes : Can be used in the EURUSD , GBPUSD , USDCHF , AUDUSD , USDCAD , NZDUSD currency pairs Can be used in M30 , H1 , H4 , D1 time frames Has profit limit and loss limit Without using risky strategies like martingale or hedg

2 580 USD

The Bitcoin Robot MT4 is engineered to execute Bitcoin trades with unparalleled efficiency and precision . Developed by a team of experienced traders and developers, our Bitcoin Robot employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with M5 timeframe , ensuring that you never miss out on lucrative opportunities. No grid, no martingale, no hedging, EA only open one position at the sa

999 USD

3 experts in 1 expert Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This expert is basically 3 different experts. But we have combined these 3 experts in 1 expert so that you can use 3 experts at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term Attributes : Can be used in the EURUSD , AUDUS

680 USD

The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after extensive testing . XG Gold Robot and works perfectly with the XAUUSD, GOLD, XAUEUR pairs. XG Gold Robot has been created for all traders who like to Trade in Gold and includes additional a function that displays weekly Gold levels with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on Price

799 USD

Aura White Edition is unique Expert Advisor that continues the Aura series of advisors. The Expert Advisor is based on the engine of Aura Black Expert Advisor , but with a number of changes and author's settings for currency pairs. Innovative methods of the programme's approach to trading, and promising performance results are possible thanks to the use of modern technologies and methods. Aura White Edition is a fully automated EA designed to trade currencies only. Working pairs EURUSD, GBPU

999 USD

SouthEast is an expert advisor developed from my experience in manual trading that has been automated. SouthEast is specifically designed to generate maximum profits with small deposits by prioritizing the security of your funds. Why SouthEast? SouthEast does not require complicated settings and is easy to use because user only need to upload a set file that is already available. Currently there are set files for 20 fx pairs. The best GRID EA with the ability to control risks. I will share

599 USD

The King Advisor is a highly advanced neural network algorithm. Its strategy is based on the identification of support levels, resistance and trend lines through a sophisticated self-learning system and a trading system devised with years of experience and work. Developed by a team of experienced traders. Limited Initial Price: $599 (Only 5 copies at this price) || Next Price: $999 || Price After 200 Copies: $10000 PLEASE NOTE THAT THERE WILL BE A LIMIT OF 200 EXEMPLARS -

599 USD

Launch promo! Only a few copies left at current price! Next price: 793$ Final price: 1993$ Live signal: https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5: https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller More analytics: https://www.mql5.com/en/blogs/post/756452 For more top Expert Advisors and Indicators, visit: https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates: https://www.mql5.com/en/users

693 USD

Babylon Expert Advisor trades on support and resistance levels. Support and resistance levels are determined on the basis of a genetic algorithm based on artificial intelligence. This allows you to open trades not only at levels that are already visible in history, but also at the expected levels that may be formed in the future. Moreover, trading only in the direction of the trend increases reliability and minimizes possible drawdowns. After purchase, send me a private message to receive the se

97 USD

Settings | MT4 version | Universal Box Trading Sessions Indicator | FAQ Universal Breakout is an Expert Advisor that trades on the classic price range breakout strategy . It can be set up for any strategy that involves price breaking out of the price band , which is set by the time interval. For example : breakout of Asian, European or American trading session extremums, breakout of daily extremums or even the first H4 candle of Monday. Telegram chat: @it_trader_chat The new Exp

FREE

Prop Master Expert Advisor works according to the classical strategy and follows all the rules set by Prop firms for their clients. The Expert Advisor can be traded both on funded accounts of Prop firms and on your own accounts. There is no restriction on the type of trading account. Check out the Prop Master live signal: https://www.mql5.com/en/signals/2216370 How to test the Expert Advisor? It is important for the Expert Advisor to operate in the correct time zone, so before testing you

375 USD

MT4 version | FAQ The Owl Smart Levels Indicator is a complete trading system within the one indicator that includes such popular market analysis tools as Bill Williams' advanced fractals , Valable ZigZag which builds the correct wave structure of the market, and Fibonacci levels which mark the exact levels of entry into the market and places to take profits. Detailed description of the strategy Instructions for working with the indicator Advisor-assistant in trading Owl Helper Private User

97 USD

MT4 version | Trend Monitor VZ Indicator | Owl Smart Levels Indicator | Owl Smart Levels Strategy | FAQ Elliott wave theory is an interpretation of processes in financial markets that relies on a visual model of waves on price charts. The Valable ZigZag indicator displays the wave structure of the market, which can be used to make trading decisions. The Valable ZigZag indicator is more stable and does not often change its direction like the classic ZigZag indicator, misleading traders.

FREE

Backtests from 2015 | MT4 version | FAQ MiloBot PRO is a Forex Expert Advisor (EA) based on the author's strategy which has been developed, tested and optimized for more than 2 years. The main indicator of the MiloBot PRO’s reliability is developers’ real accounts totaling more than 100 000 USD . The MiloBot Pro’s advanced algorithmic strategy gives everyone the opportunity to earn the stable profit every month. Copyrighted indicators help the EA accurately to enter the market when

437 USD

MT4 version | Valable ZigZag Indicator | FAQ The Grid HLevel Expert Advisor is perfect for those traders who want to make a stable profit in the Forex market every month. The Expert Advisor works according to the averaging strategy and I suggest you to use it correctly. To use it "correctly" means to open trades with averaging in the reversal point of the market and trade only in the direction of a global trend. As for the direction of the main trend, I suggest to determine it by the in

FREE

MT4 version | Owl Smart Levels Indicator | Owl Smart Levels Strategy | FAQ The Fractals Indicator is one of the elements of the author's trading strategy of Bill Williams . It is used to search for price reversal points on the price chart and, consequently, support and resistance levels. The Full Fractals Indicator is an improved Fractals which is available in the toolkit of almost all trading terminals. Its only difference is that to build a fractal we use 5 candles to the left

FREE

MT5 version | Owl Smart Levels Indicator | Owl Smart Levels Strategy | FAQ The Fractals Indicator is one of the elements of the author's trading strategy of Bill Williams . It is used to search for price reversal points on the price chart and, consequently, support and resistance levels. The Full Fractals Indicator is an improved Fractals which is available in the toolkit of almost all trading terminals. Its only difference is that to build a fractal we use 5 candles to the left and 2

FREE

Settings | MT5 version | Universal Box Trading Sessions Indicator | FAQ Universal Breakout is an Expert Advisor that trades on the classic price range breakout strategy . It can be set up for any strategy that involves price breaking out of the price band , which is set by the time interval. For example : breakout of Asian, European or American trading session extremums, breakout of daily extremums or even the first H4 candle of Monday. Telegram chat: @it_trader_chat The new Expert Advis

FREE

The swing strategy is the basis of the Shuttle Runner Expert Advisor . The strategy was described as far back as 2009 and is actively used by traders in the Forex market. Shuttle runner is a revised and improved version of this strategy. Telegram chat: @it_trader_chat The new Expert Advisor Prop Master - test it in your trading terminal https://www.mql5.com/en/market/product/115375 The basic gist of the strategy is this: This advisor should be traded only during active market phases . An

FREE

MT4 version | FAQ | EA Universal Breakout Universal Box plots price ranges on the chart which can be used later to trade on a price range breakout. There are many strategies with which you can apply this indicator. The indicator is set by default to mark Asian, European and American trading session ranges on the chart. Ranges are plotted as rectangles, the boundaries of which are the beginning and end time of the trading session, and the levels of maximum and minimum prices fo

FREE

MT5 version | Trend Monitor VZ Indicator | Owl Smart Levels Indicator | Owl Smart Levels Strategy | FAQ The Elliott wave theory is an interpretation of processes in financial markets that relies on a visual model of waves on price charts. The Valable ZigZag indicator displays the wave structure of the market, which can be used to make trading decisions. The Valable ZigZag indicator is more stable and does not often change its direction like the classic ZigZag indicator, misleadin

FREE

MT5 version | Valable ZigZag Indicator | FAQ The Grid HLevel Expert Advisor is perfect for those traders who want to make a stable profit in the Forex market every month. The Expert Advisor works according to the averaging strategy and I suggest you to use it correctly. To use it "correctly" means to open trades with averaging in the reversal point of the market and trade only in the direction of a global trend. As for the direction of the main trend, I suggest to determine it by the indi

FREE

MT5 version | FAQ | EA Universal Breakout Universal Box plots price ranges on the chart which can be used later to trade on a price range breakout. There are many strategies with which you can apply this indicator. The indicator is set by default to mark Asian, European and American trading session ranges on the chart. Ranges are plotted as rectangles, the boundaries of which are the beginning and end time of the trading session, and the levels of maximum and minimum prices for that period.

FREE

Backtests from 2015 | MT5 version | FAQ MiloBot PRO is a Forex Expert Advisor (EA) based on the author's strategy which has been developed, tested and optimized for more than 2 years. The main indicator of the MiloBot PRO’s reliability is developers’ real accounts totaling more than 100 000 USD . The MiloBot Pro’s advanced algorithmic strategy gives everyone the opportunity to earn the stable profit every month. Copyrighted indicators help the EA accurately to enter the market when

437 USD

Reports V4 since 2010 | MT4 version | FAQ !!! NEW VERSION V4 - ON 09/23/2023!!! Added a new more stable algorithm (see below for details). PLEASE SET UP CORRECTLY BEFORE TESTING It is important for the Expert Advisor to operate in the correct time zone, so before testing you should correctly set the GMT parameter. How to set 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

497 USD

Reports V4 since 2010 | MT5 version | FAQ !!! NEW VERSION V4 - ON 09/23/2023!!! Added a new more stable algorithm (see below for details). PLEASE SET UP CORRECTLY BEFORE TESTING It is important for the Expert Advisor to operate in the correct time zone, so before testing you should correctly set the GMT parameter. How to set 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 f

497 USD

MT5 version | FAQ The Owl Smart Levels Indicator is a complete trading system within the one indicator that includes such popular market analysis tools as Bill Williams' advanced fractals , Valable ZigZag which builds the correct wave structure of the market, and Fibonacci levels which mark the exact levels of entry into the market and places to take profits. Detailed description of the strategy Instructions for working with the indicator Advisor-assistant in trading Owl Helper Private

97 USD

ATR is an important indicator for any financial market. The abbreviation ATR stands for Average True Range. This indicator is a tool to determine the volatility of the market, this is its direct purpose. ATR shows the average price movement for the selected period of time. The initial price of the indicator is 63$. The price will increase every 10 sales up to 179$ The original ATR indicator is present in many trading programs. The ATR indicator is not very informative, so I modified its data and

69 USD

MT5 version | Valable ZigZag Indicator | FAQ The Elliott Wave Theory is an interpretation of the processes in the financial markets, which is based on the visual model of waves on the price charts. According to this theory, we can know exactly which trend is prevailing on the market now, upward or downward. The Valable ZigZag Indicator shows the wave structure of the market , as well as indicates the direction of the main trend at the moment on the current timeframe. For your convenience

47 USD

MT4 version | Valable ZigZag Indicator | FAQ The Elliott Wave Theory is an interpretation of the processes in the financial markets, which is based on the visual model of waves on the price charts. According to this theory, we can know exactly which trend is prevailing on the market now, upward or downward. The Valable ZigZag Indicator shows the wave structure of the market , as well as indicates the direction of the main trend at the moment on the current timeframe. For your conve

47 USD

I think everyone knows such a rule of money management as "Safe". For those who are not aware, the safe assumes closing half of the position after the profit on the transaction has equaled the size of the stop. Thus, even if the price reverses and catches the stop, you will not lose money, because exactly the same amount of profit was received when closing part of the position earlier. The Safety Expert Advisor has only one setting – the closing lot. Leaving it at position 0, the adviser will

FREE

69 USD

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Rodrigo Benites De Moraes 2024.05.14 21:19 #

Works, good profit and great support from the seller, thank you

Version 1.6 2024.06.12

The parameters for enabling and disabling the trailing stop have been added to the external settings
Added custom trailing stop parameters

Version 1.4 2024.05.14

Added the StopTradeFriday parameter - stops the work of the Expert Advisor at the specified hour on Friday

Version 1.3 2024.04.09

The ability to test the EA taking into account recapitalization

Version 1.2 2024.04.08

- Fixed the deletion of the notification about the increased spread.
- Deleting service information when removing an advisor from the chart