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Prosper

Prosper is a scalping, fully automatic Expert Advisor. It trades critical support and resistance price points, with the trend. Volatility filters help to time the trade entries. Trades are based on the H4 time frame, while trend and volatility filters are based on H1, and M1 time frames. It averages about 1-2 trades a day per currency traded. To protect against large drawdowns, the EA will stop trading during periods of unfavorable market conditions, when the weekly Average True Range is below the set value. These periods can last for a week, or several months, but are rare.

By default, Prosper expert advisor trades on EURUSD. The time frame of the chart is irrelevant, as it is coded in the EA. It will need an ECN account with average spread of 5 points or less, and with a low stop level and freeze level. A VPS or MetaTraders hosting is also a plus.

The money management system allows you to trade low risk with a very low drawdown, or higher risk for a greater return. Each trade is protected by a stop loss which keeps losing trades small.

There is no martingale, grid, or hedging involved, (although there is a semi-martingale option available, but use with caution). You can start with as little as $20 deposit with 1:500 leverage.


Backtest Results

On a risk setting of 4.0, having an initial deposit of $300, earned a net profit of $59,120 on EURUSD from January 2013 to December, 2015. Draw-down was only 10.9%. A lower risk setting will reduce the drawdown even more, while still achieving a decent profit..

All testing was done using real tick data and 99.9% modeling and a 0.4 spread. Prosper has been coded to perform back-testing as quickly as possible (LabelOn function will turn off automatically during optimizing and non-visual back-testing).

You can receive similar data by downloading the demo version and testing it, but you must use real tick data with 99.9% modeling, or the results are meaningless.


Forward Test Results

Real live account monitoring link will be posted in the comments section, as soon as there is enough trading history.


Settings

All defaults are for EURUSD. Prosper will place the same trades on any time frame.

  • MagicNumber: Magic Number so it will play nice with other EA's
  • MaxSpread: Maximum spread allowed for a trade to open (0.5 or less recommended - default 0.3)
  • LabelOn: Turn on/off display screen info (default True)
  • TradeComment: Name to be displayed in trade comments (recommend changing to something less descriptive)
  • MMLotSizePercent: Risk setting - (Default 4.0)
  • Stop: Stop Loss - Maximum loss position will incur in points (Default 3.0)
  • TakeProfit: When position will take profit if stop or trail is not hit (Default 50)
  • UseTrailStop: Turn on/off trailing stop loss (default True)
  • TrailingStart: Trailing will jump this many points when trail stop is activated (Default 2.0)
  • TrailingStop: Trail stop will activate at this many points in profit (Default 3)
  • TrailingStep: Steps to trail after trailing start jump (Default 1)
  • PeriodStart: Last H4 bar used to calculate highs and lows (Default 1)
  • Slippage: Maximum slippage allowed, does not work and will be ignored on ECN accounts (default 3)
  • PeriodStep: How many H4 bars back to use in calculating highs and lows - (Default 9)
  • HighLowOffset: How many points above or below actual highs and lows to set trade trigger, usually set around the average spread in points (Default 4)
  • MinimumATR: Minimum Weekly Average True Range to trade - any negative number, or less then 14 W1 bars in history, will disable this feature (default 0.0157)
  • RecoveryMode: Enable if you wish to activate a semi-martingale system - Experimental USE WITH CAUTION-NEED HIGH LEVERAGE (default false)
  • RecoveryFactor: Lot size multiplier if RecoveryMode is enabled (default 1.3)
  • RecoveryMax: Maximum level to increase lot size if RecoveryMode is enabled (default 6)
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This robot enters the market at the opening of London Stock Exchange (LSE). It is based on short-term reversal patterns which use the tendency of FX prices to move toward their average value during the LSE session . The EA does not use indicators, grid, martingale, arbitrage. The trading system is suitable for both experienced traders and beginners. The EA includes protection against high spreads, and allows you to trade with a fixed or automatic lot size. Monitoring - most popular signal at MQL
1 499 USD
EA Element Premium
Ramil Minniakhmetov
The EA uses support and resistance levels for work. It also uses a network of orders without the use of martingale. Easy to use, default settings, recommend pairs EURUSD, AUDUSD, USDCAD, USDCHF, CHFJPY, time frame H1. Real operation monitoring as well as my other product can be found here   https://www.mql5.com/ru/users/mechanic/seller Manual for EA at comment #48 Telegram is  here . Input parameters New Cycle -  when enabled, the EA works non-stop, otherwise, the EA does not open new orders aft
35 USD
Magic Seven MT4
Ozkan Kara
Price: $995        This price is only for first 5 buyers ! Next Price: $1295   Magic Seven  is a fully automated  EURUSD Daily Trend System. Before London Trading Season, EURUSD movements are small and predictable. The system focuses only   Small and Steady Profits . The EA does not use grid, martingale, averaging  or other dangerous strategies.   It uses fixed stoploss for every position. I will always help you, please contact me ! General Strategy Definition Correct Open Time:    It opens
995 USD
Golden Ticket
Ramil Minniakhmetov
  Golden Ticket   works on the WPR indicator - which allows you to determine the oversold and overbought conditions of an asset and enters at possible reversal points. Real operation monitoring as well as my ot her products can be found here:  https://www.mql5.com/en/users/mechanic/seller Telegram is  here . Recommendations Recommend pairs EURUSD  Time Frame  M15  Recommend deposit  1000 usd or 1000 cents  Recommend settings   Default settings XAUUSD here Inputs Value New Cycle  —   whe
35 USD
QFX Team ROBOT
Salvatore Caligiuri
.:: 2021 WELCOME PROMO - 100$ ::. COPIES AVAILABLE: 2 - NEXT PRICE: 200,00$ ONLY FOR NEXT 2 BUYERS ADDITIONAL GIFT: Royal Entry expert advisor (MT4): click here to open product page or Versus Yen expert advisor (MT4): click here to open product page To request your gift please send email at info@qfxteam.com QFX Team ROBOT  is sophisticated algorithm developed to catch fast movement on GBP pairs using a STRICT STOP LOSS based strategy. Our goal is to reduce risk and drawdow
100 USD
TripleH
Yip Sin Hang
My only channel :  https://t.me/InrexEA FTMO challenge is available , Please contact me by best setting for it . My another Best Product recommended with Live Result :  🔥   FiveElemenets   ⭐   StoneBreaker Lite Final Version monitor :   Here    Before you buy all of my product please be aware of the risks involved: 1) Please do not over believe in backtesting result . No one can 100% predict the future . 2) I do not use any .set file , Because I believe that the best strategy should
3 288 USD
FrankoScalp
Konstantin Kulikov
I have been developing, testing and correcting this automated scalping system for a long time: https://www.mql5.com/en/signals/author/test-standart .   Last settings for EA in the comment: #2009 🛑  Telegram channel with news:   https://t.me/EAFXPRO 🛑   Telegram group for questions and discussion:   https://t.me/EAFXPRO_chat Highlights to pay attention to 1 . During live operation of the EA, the GMT offset parameter is determined automatically based on local time of the computer (GMT_Offset_
497 USD
Ruxzo
Gennady Sergienko
Are you a trader ? Identify SCAM and share profitable EA: Join our community  GoGoPips 🚀   of find on telegram;   Ruxzo This is a fully automated trading robot that has several trading modes: Pre-Rollover a strategy in which trading begins before closing sessions, the EA collects TP against the background of a oscillating market; Take profit:  8-10% from ATR; Stop-Loss:  1-15% (depending on the trading lot); Minimum deposit: 50USD; Symbols:   AUDUSD, EURUSD, EURGBP, GBPCAD, GBPA
379 USD
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PosiPips
Kevin Simpson
PosiPips is a scalping, fully automatic Expert Advisor. It uses critical breakthrough price points based on Daily and H4 timeframes. It averages about 2-3 trades a day per currency traded. PosiPips Expert Advisor trades on the M1 chart and is optimized for EURUSD on an ECN account with average spread of 5 points. Other low spread symbols can be traded as well with optimizing, or using settings posted on the live account monitoring link. It should only be used on an ECN account with a max average
10 USD
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Ovidiu Caslariu
7397
Ovidiu Caslariu 2016.06.05 20:50 
 

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Juvenille Emperor Limited
15369
Eleni Anna Branou 2017.02.13 18:44 
 

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