Promex MT4

Promex is a unique Expert Advisor that trades when there is a strong deviation of the price from the normal value. By opening trades at the moment when it is very likely to move in the opposite direction the Promex Expert Advisor accompanies it with a short trailing stop, thus collecting a small profit from the market, but with a probability of 95%.

Trading account requirements.

• Account types: ECN and RAW

• Leverage: 1:30 or more

• Minimum deposit: 100 USD

• EURUSD spread: up to 6 pips

Prop firm allowed

The Promex Expert Advisor works on a strategy that is allowed to trade in 100% PROP Firm. Promex sets StopLoss and TakeProfit in each trade, does NOT use martingale, averaging and hedging strategies. This is why Prop firm is friendly to this expert advisor.

Prop Controller

For a safer and more comfortable completion of Prop Firm Challenge, the Expert Advisor has a built-in module that controls the drawdowns of the entire account. In order not to exceed the specified drawdown and not to lose your account, you can set the levels of critical drawdowns in the settings of the Expert Advisor and the Expert Advisor will close all trades on the account if the drawdown is close to critical. The Expert Advisor will also close all trades and stop if the set profit level is reached.

But you can freely trade the Expert Advisor on a regular account, there are no restrictions on trading. 

News filter

For safer trading, the Expert Advisor uses news filter and stops trading in periods of important news releases, to prevent you from opening a trade when the market is likely to go in one direction without corrections.

News are downloaded automatically from the MetaTrader news channel.

+BONUS. Trading panel

For those who like to trade by themselves and control risks, I have made an additional Trading panel module. In order to get the opportunity to open trades in manual mode, which will be accompanied by a high-performance trailing stop, you need to leave a review of the Promex and write me a private message.

Signal Strategies: Imbalance, Trend follow

There are two signal indicators included in the trading panel that will tell you where you can enter the market manually with 99% accuracy. To get the additional Trading panel write a review about Promex Expert Advisor on the website.

Parameters of the Expert Advisor

Money Management – sets the type of order lot calculation

• Fixed lot – each trade is opened with a fixed lot, which is set in the Fixed lot parameter.
• Risk per transaction – for each trade the lot is calculated in such a way that you do not lose more than the specified percentage of the balance (the percentage is set in the Risk per transaction parameter).

Aggressive – setting of the aggressiveness of trading

Backspacing – indent for placing a pending order (set as for 4-digit quotes)

TakeProfit – Take Profit size (set as for 4-digit quotes)

StopLoss – StopLoss size (set as for 4-digit quotes)

Trailling-stop Enable – enables high-performance trailing stop

StopLoss distance – distance from the stop to the price when trailing stop is working

Minimum trailing profit – at what minimum profit the trailing stop starts working

Pause on the news – enable pause of trading before and after the news

News Symbols – news symbols 

Prop Challenge Enable – enable Prop Controller

Prop daily drawdown – sets maximum drawdown for the day (set the value to 4.8% to avoid accidental slippage over 5%).

Prop maximum drawdown – maximum drawdown relative to the starting balance (set the value to 9.8% to avoid accidental slippage over 10%).

Prop Phase Target % – target profit value to complete the Challenge