Prop Master Expert Advisor: positive and negative sides

Today I will explain to you the advantages and disadvantages of the Prop Master Expert Advisor. Yes, of course, there are disadvantages too, but many people like to highlight only the advantages. Let's traditionally start with the advantages.

Positive sides of the Prop Master Expert Advisor

1. The main advantage that distinguishes Prop Master from the majority of Expert Advisors on the MQL5 market is that this Expert Advisor sets a fixed StopLoss and TakeProfit in each trade. The size of StopLoss is small (200-400 pips on EURUSD 5 digits), so for each trade the trader can set a fixed percentage of risk per trade as a percentage of the deposit. This, however, indicates that the Expert Advisor:

• is NOT a martingale,
• does NOT use averaging,
• does NOT sit out false entries into the market waiting for profits.

All these statements indicate that the Prop Master Expert Advisor is suitable for passing the Prop Firms Challenges. For the successful passing of the challenges, the Prop Controller module is built into the Expert Advisor, which makes it even more attractive for traders who trade on funded accounts of Prop Firms. (Have a look at the post: Prop Controller is the key to success for passing the Challenge)

2. Prop Master Expert Advisor has a high-speed Trailing Stop. This allows it to take profits before the price turns and goes in the opposite direction. Thanks to trailing stop, the Expert Advisor closes more than 90% of trades in profit.

3. The Expert Advisor strategy is based on one of the popular trading tactics - breakout of important support and resistance levels (Have a look at the post: Strategy of the Prop Master Expert Advisor or how to earn +3639%).

I think we'll finish on these advantages. And I will talk about some other hidden advantages in a separate post. So please subscribe to the channel to learn about the hidden features of the Prop Master Expert Advisor.

Negative sides of the Prop Master Expert Advisor

The first thing I want to highlight is that the Expert Advisor trades rarely. This is the most frequent question to technical support: "I installed the Expert Advisor, but it does not open trades". The maximum number of trades for the Expert Advisor is 5 per day, and the average is 1-2. Because of this, many people think that the Expert Advisor does not do anything or they have set up something wrong. The Expert Advisor is waiting for the entry point where profit is most likely to be made.

The second factor I want to mention is trading in the direction of the local trend. Yes, this is what can confuse traders in some cases. The Expert Advisor makes some trades at moments when the market has already moved quite strongly in one direction. It may seem that it makes a trade at the end of the movement. These are the disadvantages of the trading on the trend, which are very difficult to describe logically. High-speed trailing stop helps in most cases, but sometimes trades can be closed by StopLoss. In classical strategies you cannot always avoid StopLoss.

Today I have covered all the factors you need to know about the Prop Master Expert Advisor. In any case, I recommend you to test it in your trading terminal, or better to rent it for a month and evaluate the performance of the Prop Master on your trading account.