JP PropFirm

Professional Intraday Range & Breakout Engine with Multi-Tier Defensive Risk Architecture and Native Prop-Firm Shield

1. Product Overview (MQL5 Description)

JP PropFirm is an enterprise-grade automated trading system engineered specifically for intraday traders and challenge participants (Proprietary Trading Firms / Funded Accounts) who demand rigorous risk control, mathematical sizing accuracy, and structural capital preservation.

Unlike high-risk Expert Advisors that rely on Martingale, grid averaging, or unhedged exposure, JP PropFirm operates with strictly one trade per session cycle, hard server-side Stop Loss, Dynamic Take Profit, and an integrated multi-tier defensive risk governor.

Key Pillars & Competitive Edge

• Mathematical Precision Position Sizing:

  Position sizes are never guessed. The EA computes exact stop distance losses per lot in deposit currency (incorporating tick value, tick size, broker commission, and cost buffers) before placing orders.

• Prop Firm Shield Architecture:

  Built-in account-level equity sentinels actively monitor daily drawdown limits, maximum drawdown thresholds, and profit objectives with millisecond precision, keeping your accounts safe from rule breaches.

• Adaptive Defensive Governors:

  Features an automated recovery mechanism that dynamically scales down risk exposure following drawdown phases and incrementally restores baseline allocation during favorable statistical performance.

• Smart Hybrid Entry Confirmation:

  Protects entries by preventing chasing extended breakout moves, utilizing structured early breakout confirmation and pullback retest zones.

• Dual-Engine Dynamic Trailing Ratchet:

  Protects accumulated open profit via ATR volatility adjustments while incorporating an accelerated late-session profit preservation mode.

• 100% FIFO & Netting Compliant:

  Engineered for global broker compatibility, with built-in awareness of symbol volume limits, netting accounts, and US-regulated FIFO environments.

• Live Interactive Canvas Dashboard:

  Zero-lag, sleek HUD panel rendering real-time prop-firm metrics, equity growth curve, win rate, current spread, and operational risk states directly on the chart.

2. Institutional Risk & Execution Highlights

3. Parameter Manual (User Guide)

3.1 Identification

• InpMagicNumber (Default: 26071601 )

  Unique order identifier for the Expert Advisor. Allows multiple instances to run across different charts or instruments without cross-order interference.

3.2 Volume & Risk Management

• InpVolumeMode (Default: JP_VOLUME_ADAPTIVE_RISK )

  Selects the calculation mode for position sizing:

  • JP_VOLUME_FIXED : Uses the user-defined fixed lot.

  • JP_VOLUME_PERCENT_RISK : Dynamically sizes lots so that a hit on the initial Stop Loss equals a fixed percentage of current equity.

  • JP_VOLUME_ADAPTIVE_RISK : Sizing dynamically adjusts based on recent drawdowns, recovery streaks, and setup scoring.

• InpLotSize (Default: 0.0 )

  Volume used when InpVolumeMode is set to Fixed Lot . Set to 0.0 to automatically apply the broker's minimum contract size.

• InpRiskPerTradePercent (Default: 0.50% )

  Base account equity percentage risked per trade at the initial Stop Loss distance.

• InpMaximumRiskPercent (Default: 0.75% )

  Upper ceiling for calculated trade risk under any market condition or bonus multiplier.

• InpMaximumLotSize (Default: 0.0 )

  Hard ceiling on the maximum volume (in lots) the EA is permitted to send. Set to 0.0 to allow the maximum broker limit.

3.3 Entry Engine

• InpUseAdvancedEntryEngine (Default: true )

  Enables the Smart Hybrid Entry Engine, activating breakout structure validations, momentum confirmation filters, and no-chase retest logic.

3.4 Account Shield (Prop Firm & Evaluation Protection)

• InpUsePropFirmShield (Default: false )

  Activates the global account safety module designed to enforce challenge and funded account rules.

• InpPropFirmPhase (Default: JP_PROP_PHASE_ONE )

  Configures target calculation mode:

  • JP_PROP_PHASE_ONE : Evaluates against Phase 1 Target.

  • JP_PROP_PHASE_TWO : Evaluates against Phase 2 Target.

  • JP_PROP_PHASE_FUNDED : Live funded mode with target checks disabled.

• InpPropProfileId (Default: 1 )

  Internal index ID. Change this integer whenever starting a new evaluation challenge on the same account number to clear persistent history variables.

• InpPropInitialBalance (Default: 0.0 )

  Starting account balance designated for the evaluation. If set to 0.0 , the EA automatically detects the initial balance.

• InpPropDailyLossLimitPercent (Default: 5.0% )

  Firm's maximum permissible daily drawdown, calculated from daily reset equity/balance.

• InpPropMaximumLossPercent (Default: 10.0% )

  Firm's absolute maximum trailing or static account loss relative to initial balance.

• InpPropPhase1TargetPercent (Default: 10.0% )

  Target profit required to complete Evaluation Phase 1.

• InpPropPhase2TargetPercent (Default: 5.0% )

  Target profit required to complete Evaluation Phase 2 / Verification.

• InpPropSafetyBufferPercent (Default: 0.50% )

  Protective cushion deducted from the firm's hard rules. If the firm limit is 5%, trading halts at 4.5% to prevent slippage-related breaches.

• InpPropMaximumRemainingRiskUsePercent (Default: 25.0% )

  Limits the maximum fraction of remaining drawdown budget that can be committed to any single trade.

• InpPropAutoReduceLot (Default: true )

  Automatically recalculates and downsizes lot size if a trade's projected Stop Loss loss would exceed the available Prop Shield budget.

• InpPropBlockAtTarget (Default: true )

  Halts all new entries once the current phase profit target has been achieved.

• InpPropReserveOpenPositionRisk (Default: true )

  Accounts for existing open positions/orders when computing the risk budget for new entries.

• InpPropBlockIfUnprotectedPosition (Default: true )

  Prevents new orders if any open trade on the account lacks an active Stop Loss.

• InpPropEmergencyCloseOwned (Default: true )

  Instantly triggers a market liquidation of EA-owned exposure if floating equity approaches safety guard levels.

• InpPropResetHour / InpPropResetMinute (Default: 0:00 )

  Server time at which the daily prop firm drawdown threshold resets.

3.5 Session Timetable & Scheduling

• InpSessionStartHour / InpSessionStartMinute (Default: 01:00 )

  Server time marking the start of the reference structure formation period.

• InpSessionEndHour / InpSessionEndMinute (Default: 08:00 )

  Server time marking the completion of the reference structure; execution monitoring begins immediately after this timestamp.

• InpTradingCutoffHour / InpTradingCutoffMinute (Default: 22:00 )

  Daily session expiration time. No new trades will be triggered after this hour.

• InpCloseAtTradingEnd (Default: true )

  Automatically flattens open positions and cancels open pending orders upon reaching the trading cutoff hour.

3.6 Trade Management & Trailing Ratchet

• InpProfitTargetFactor (Default: 1.0 )

  Expansion factor applied to the reference range to calculate dynamic Take Profit distance.

• InpUseSmartTrailing (Default: true )

  Enables volatility-aware (ATR) dynamic trailing stop management.

• InpUseLateSessionTrailing (Default: true )

  Activates an aggressive, tighter trailing ratchet near the end of the trading day to secure intraday gains before rollover.

• InpLateSessionTrailingHour / InpLateSessionTrailingMinute (Default: 20:00 )

  Server time at which the late-session profit protection module engages.

3.7 Execution & Broker Compliance

• InpMaximumSpreadPoints (Default: 0 )

  Maximum permissible spread in points for trade execution ( 0 = filter disabled).

• InpDeviationPoints (Default: 20 )

  Maximum acceptable slippage tolerance in points for market orders.

• InpAdjustStopsToBroker (Default: true )

  Automatically adjusts SL and TP levels to respect the broker’s minimum STOPS_LEVEL and FREEZE_LEVEL .

• InpMarginReservePercent (Default: 10.0% )

  Requires an additional buffer over required margin before an entry is authorized.

3.8 Emergency Protection

• InpEmergencyFloatingLossMoney (Default: 0.0 )

  Hard monetary floating loss ceiling for EA-managed trades ( 0.0 = disabled). If floating drawdown exceeds this value, all owned positions are instantly closed.

3.9 Visuals & Heads-Up Display (HUD)

• InpVisualMode (Default: JP_VISUAL_DISABLED )

  Controls on-chart visual elements:

  • JP_VISUAL_DISABLED : Maximum execution performance.

  • JP_VISUAL_PANEL_ONLY : Displays the Neon HUD Panel.

  • JP_VISUAL_TAGS_ONLY : Displays historical P&L labels on chart deals.

  • JP_VISUAL_ALL : Displays both dashboard and deal tags.

• InpPanelCorner (Default: JP_PANEL_RIGHT_UPPER )

  Screen corner location for the Canvas HUD.

• InpProfitTagLimit (Default: 30 )

  Maximum number of historical deal tags displayed simultaneously.

4. Setup & Recommended Configuration

1. Terminal Prerequisites:

   Ensure Algo Trading is enabled in your MetaTrader 5 toolbar and within the EA's Common tab.

2. Timeframe Calibration:

   Attach the EA to an M15 or M5 chart (the system internally reads reference structures across native timeframes).

3. Prop Firm Pass Optimization:

   When configuring for prop firm evaluations, set:

   • InpUsePropFirmShield = true

   • InpPropDailyLossLimitPercent & InpPropMaximumLossPercent according to your firm's rules.

   • InpPropResetHour matching your prop broker's specific daily candle reset (e.g., typically 00:00 or 17:00 NY).