Prop Firm Gold King

Prop Firm Gold King is an Expert Advisor designed specifically for XAUUSD, built to pass prop firm challenges. It monitors daily, weekly, monthly and total drawdown in real time and stops trading automatically before any limit is breached. The EA does not use grid, martingale, or averaging techniques. Every trade uses a predefined Stop Loss, Take Profit, and a dynamic Trailing Stop. It is the upgraded successor to PropKing EA, already published on MQL5 Market. The Strategy (The King Breakout) Prop Firm Gold King identifies swing high and swing low breakout levels using a configurable lookback period. Instead of entering immediately, it places strategic Pending Orders (Buy Stop / Sell Stop) at the breakout level. A short-term EMA on M5 confirms trend direction before any order is placed, and an EMA on H1 confirms the higher timeframe alignment. Both filters must agree before a signal is valid.

• Trailing Stop System: The trailing stop activates once price moves 68.6% of the stop loss distance. It then trails at 48% of the original stop loss, locking in profit as the trade develops without cutting winners short.
  
  
• PropFirm Guard: The EA tracks four drawdown levels simultaneously — daily, weekly, monthly and total. If any configured limit is approached, all pending orders are closed and trading pauses for that period automatically. The EA also stops when the challenge profit target is reached.
  
  

Prop Firm Compatibility Default settings are pre-configured for the most common prop firm challenge rules. All drawdown limits are fully adjustable. Confirmed compatible with FTMO, The5%ers, FundedNext etc.. Default: MaxDDday = 2% | MaxDDweek = 6% | MaxDDMonth = 8% | MaxDDTotal = 10%

Recommended Settings

• Symbol: XAUUSD
  
  
• Timeframe: M5
  
  
• Leverage: Minimum 1:100
  
  
• Deposit: Match your challenge account size (default settings use $5,000)
  
  

Key Features

• Purpose-built for prop firm challenge accounts with real-time DD monitoring
  
  
• No grid, no martingale, no averaging — fixed stop loss on every trade
  
  
• Two-layer trend confirmation: M5 EMA entry filter + H1 EMA direction filter
  
  
• Dynamic trailing stop locks in profit as trades develop
  
  
• News filter pauses trading before and after high-impact USD events
  
  
• Profit target detection stops the EA automatically when the challenge is passed
  
  
• Upgraded from PropKing EA with corrected drawdown formulas and wider firm compatibility
  
  

Setup and Risk Management:
No complex configuration required. Set InitialBalance to your challenge account size and ProfitTarget to your firm's target. Set the MaxDD values to match your firm's rules. Attach to XAUUSD M5 and enable AutoTrading. The EA handles everything from that point. VPS and Continuous Operation For optimal performance during a challenge, the EA requires uninterrupted operation. Running on a reliable VPS is strongly recommended to ensure no trades are missed.