Market / MetaTrader 4 / Experts /

Market Prop MT4

500 USD

Demo downloaded: 37

Published: 22 July 2024

Current version: 1.1

Market Prop MT4

Experts
Ian Plakushko
Version: 1.1
Activations: 10

The Market Prop EA is ideal for trading on prop firm accounts due to its advanced algorithmic strategy, which successfully passes prop firm challenges. In each trade, the EA automatically sets stop-loss and take-profit levels, ensuring reliable risk management. The risk level for each trade can be adjusted individually.

Main Advantages:

AI-based Trading Strategy: The trading strategy of the EA is based on artificial intelligence for analyzing and interpreting market data, ensuring high accuracy in market entries.
Suitable for Prop Firms: The EA can be used both for passing prop firm challenges and for further trading on prop accounts.
Automatic Stop-Loss and Take-Profit Settings: In each trade, automatic stop-loss and take-profit settings ensure reliable risk management.
Ease of Use: Very easy to use: simply attach it to a chart and set the desired maximum allowable drawdown.
News Filter: The news filter prevents the opening of trades during important news events, helping to avoid volatility and unpredictable market movements.

How to Use the EA for Passing Prop Firm Challenges:

To use the Market Prop EA on a prop firm account, you need to enable the Use a drawdown limiter setting — this setting is responsible for the drawdown limiter. Also, configure the Max daily drawdown and Max drawdown based on the conditions of the prop firm you are using the EA with. These settings will prevent exceeding the allowable drawdown.

Account Parameters and Currency Pairs:

Currency Pairs: EURUSD
Leverage: 1:100
Minimum Deposit: 100 USD
Timeframe: H1

To test the EA, all you need to do is install the demo version of the EA in the terminal. The settings are already preset in the EA and can be used by default.

EA Settings Description:

Lot: Lot size (if 0, it is determined based on the risk per trade)
Risk percentage: Risk per trade
Use a drawdown limiter: Enable drawdown limiter
Max daily drawdown: Maximum daily drawdown
Max. drawdown: Maximum account drawdown
Use a spread limiter: Maximum spread size
Max. number of transactions: Maximum number of simultaneous trades
Use same signal: Open similar signals
Use ATR filter: Use ATR indicator filter
Period ATR: ATR averaging period
ATR Level: ATR indicator level
SL/TP calculation: Type of StopLoss and TakeProfit calculation
StopLoss: StopLoss size
TakeProfit: TakeProfit size
Trailing calculation: Type of Trailing Stop calculation
Trailing distance: Distance from the stop to the price for the trailing stop
Trailing min. profit: Minimum profit in points at which the trailing stop starts working
Slippage: Maximum slippage when opening a trade
MagicNumber: Unique number of the EA
Comment: Order comment

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