Prop Gold Trader MT4
- Experts
- Samson Adekunle Okunola
- Version: 1.5
- Activations: 20
Built for Consistency, Adaptability & Prop Firm Success
Prop Gold Trader EA is designed to help traders achieve steady and strategic account growth in both prop firm and personal trading accounts. Unlike high-risk strategies, this EA follows a disciplined, rule-based approach, ensuring long-term profitability while strictly adhering to prop firm requirements.
Why Prop Gold Trader EA?
✔️ Passes Prop Firm Challenges – This EA has successfully helped traders pass multiple prop firm challenges while staying within all trading rules.
✔️ Adaptable to Market Changes – The market environment shifts every 6-12 months, and this EA evolves with it. Regular updates ensure it stays aligned with current conditions.
✔️ Works in Trending & Ranging Markets – Unlike many EAs that struggle in consolidations, this strategy is built to withstand market ranges while waiting for high-probability setups.
✔️ Backtest for Accuracy – Since market conditions change, always backtest using the last 12 months (from 01/01/2024 to the present date) for realistic performance expectations.
✔️ Swap-Free Recommended – Some trades may remain open for 2-3 weeks, so a swap-free account is advised to avoid overnight holding fees.
How It Works
📊 Step 1: The EA analyzes the 1D timeframe to detect the overall market trend.
📊 Step 2: Trades are executed on the 1H timeframe using a 10 MA & 100 MA crossover strategy.
📊 Step 3: If the market pulls back, the EA places a pending order to capture better entries.
📊 Step 4: It uses a strict stop loss & take profit system to manage risk effectively.
Smart Risk & Trade Management
🔹 No Martingale, No Grid – Trades responsibly with a risk-controlled approach.
🔹 Built-in Market Spacing – Gives trades room to breathe, preventing early stop-outs.
🔹 Handles Market Ranges Smoothly – Unlike many EAs that struggle in consolidations, this one is designed to withstand ranging conditions.
Key Features & Settings
📌 LOT_1_Risk_Percentage – Set your preferred risk percentage. Remember, if you set 1% for both entries, you're effectively risking 2% per trade (1% for each entry). This makes it easy to understand and adjust.
📌 LOT_2_Risk_Percentage – Risk level for pending orders.
📌 SL & TP Settings – Customize stop loss and take profit for better control.
📌 TREND_FILTER – Confirms higher timeframe direction for precise entries.
📌 T_START & Trailing Stop – Protects profits by adjusting stops dynamically.
💡 You can explore the EA’s parameters and tweak some settings based on your preferences, but adjustments are optional—not mandatory.
Important Notes
🚨 Patience is Key – The EA prioritizes quality over quantity, so it may take up to a week before executing trades based on market conditions.
🚨 Minimum Recommended Deposit: $5,000 – To allow for proper trade management and risk control.
🚨 Backtest Regularly – Since the EA adapts to market conditions, always backtest using data from the last 12 months to ensure realistic results.
How to Get Started
✅ Install the EA – Follow the setup instructions on the MQL5 Market.
✅ Run a Backtest – Test with the last 12 months of data before live trading.
✅ Deploy & Trade with Confidence – Let the EA handle trade execution while you focus on long-term growth.
Prop Gold Trader EA is not just another automated system—it’s a constantly evolving strategy designed to keep up with changing markets. If you’re looking for a powerful, adaptable, and prop firm-friendly EA, this is the perfect choice.
💡 Start your journey with Prop Gold Trader EA today
