PropMaster MT4
- Experts
- Jimmy Musyoki Mwongela
- Versione: 1.3
- Aggiornato: 28 novembre 2025
- Attivazioni: 5
Overview
PropMaster is a professional Expert Advisor designed specifically for PropFirm challenge evaluations. It implements a straddle strategy that places pending Buy Stop and Sell Stop orders at a calculated distance from current price, capturing momentum moves in either direction.
Key Features
Auto-Detection System
The EA automatically detects the instrument type and adjusts all trading parameters accordingly. Whether you trade indices, forex pairs, metals, or oil - PropMaster configures itself for optimal performance.
Hidden Stop Loss Protection
Instead of placing visible stop loss orders that can be targeted, PropMaster uses an equity-based drawdown protection system. When your account drawdown reaches the specified percentage, all positions are closed automatically.
Intelligent Trailing Stop
Once a position reaches the activation threshold, the trailing stop engages to lock in profits. The trailing distance and step size are automatically calibrated based on the instrument volatility.
Automatic Opposite Order Deletion
When one pending order is triggered, the EA automatically deletes the opposite pending order to prevent unnecessary exposure.
Daily Reset System
All pending orders are cleared at the start of each new trading day. The EA places fresh orders during the specified time window, ensuring alignment with your preferred trading session.
Real-Time Dashboard
A clean on-chart dashboard displays current status, daily profit/loss, open trade profit, drawdown percentage, and order counts. The dashboard is automatically disabled during backtesting to prevent log file issues.
Supported Instruments
- US30 / DJ30 / Dow Jones
- NAS100 / USTEC / US100
- SPX500 / US500
- DAX / GER40 / DE30
- XAUUSD / Gold
- XAGUSD / Silver
- Oil / WTI / Brent
- All major forex pairs (EURUSD, GBPUSD, USDJPY, etc.)
- All minor and cross currency pairs
How It Works
- At the specified start time, PropMaster calculates the gap distance based on instrument type
- A Buy Stop order is placed above current Ask price
- A Sell Stop order is placed below current Bid price
- When price triggers one order, the opposite pending order is deleted
- Trailing stop activates once profit reaches the activation threshold
- Position is managed until trailing stop is hit or drawdown protection triggers
Input Parameters
Time Settings
- Start Hour, Minute, Second - When to place pending orders
- End Hour, Minute, Second - Window close time for order placement
Trade Settings
- Lot Size - Trading volume (maximum 5.0 lots)
- Auto-Detect - Enable automatic instrument detection
- Manual Gap Points - Override automatic gap calculation
Risk Management
- Max Drawdown Percent - Hidden stop loss trigger level
- Use Trailing Stop - Enable or disable trailing
- Manual Trail Points - Override automatic trail distance
- Manual Trail Step - Override automatic trail step
Dashboard
- Show Dashboard - Toggle dashboard visibility
- Dashboard Color - Text color customization
- Dashboard Background - Background color customization
- Dashboard Position - X and Y coordinates
General
- Magic Number - Unique identifier for EA trades
- Delete Opposite Pending - Auto-delete opposite order on fill
Recommended Settings for PropFirm Challenges
For a 100K PropFirm account with 5% max daily drawdown and 10% max total drawdown:
- Lot Size: 0.5 to 1.0 (depending on instrument)
- Max Drawdown Percent: 1.5 to 2.0
- Use Trailing Stop: Enabled
- Auto-Detect: Enabled
Important Notes
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This EA is designed for PropFirm challenges where capturing a single strong move can achieve the profit target
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The straddle strategy works best during high-volatility sessions such as US market open or major news events
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Set the time window to match your preferred trading session (default is set for US session)
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Always test on a demo account before using on funded accounts
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The EA includes automatic margin checking and will skip trading if insufficient funds are available
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During backtesting, the dashboard is disabled and logging is minimized to prevent large log files
Technical Specifications
- Platform: MetaTrader 5
- Account Type: Netting and Hedging supported
- Minimum Deposit: Depends on instrument and lot size
- Leverage: 1:100 or higher recommended
- Timeframe: Any (EA uses time-based entry, not chart-based)
Developer
Developed by Sapplanta
For support, feature requests, or custom modifications, please contact through the MQL5 website.
Disclaimer
Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. This Expert Advisor is a tool to assist trading decisions and does not guarantee profits. Always use proper risk management and never trade with funds you cannot afford to lose.
