Pass Prop Challenge

Executive Summary

The PropFirmProtector (FastPass Version) is an institutional-grade, fully automated algorithmic trading system developed in MQL5. It is specifically engineered to clear prop firm evaluation milestones (like FTMO and Funding Pips) within 30 days while enforcing ironclad capital protection rules directly into the execution engine.

Core Operational Strategy

The EA utilizes a premium Trend-Following Mean Reversion model optimized for high-volatility assets like Gold (XAUUSD) EURUSD

 Features

1. Auto-Sensing Challenge Engine

• Dynamic Sizing: You do not have to calculate lot sizes manually. The bot automatically reads AccountInfoDouble(ACCOUNT_BALANCE) and calculates execution lot sizing dynamically down to the broker's exact step parameters based on your risk %.

• Phase Target Recognition: The system automatically reads your account metadata. If it detects key string indicators matching a "Phase 2" account (e.g., "verification", "p2"), it automatically slashes the hard profit target from 8.0% down to 5.0% without any manual input.

2. Built-In Multi-Layered Prop Shield

• Total Equity Shutdown (8%): If absolute account equity drops by 8% from your initial deposit, the EA executes a hard kill-switch, clears all floating positions, and deletes itself from the chart ( ExpertRemove() ) to save your account.

• Rolling Daily Reset (4%): Tracks your balance at the exact start of the broker's daily server candle. If equity drops 4% from that starting day mark, it closes trades and freezes execution until the next day candle opens.

• Consecutive Loss Circuit Breaker: If the bot registers 3 consecutive losses within a rolling 7-day period, it completely locks out new entry executions to protect against toxic market phases.

3. Native Economic Calendar Blocker

• Eliminates the need for buggy third-party URLs or WebRequest settings.

• It directly queries the built-in MT5 SQL calendar database structure. It automatically stalls all entry signals during a user-defined window (Default: 30 minutes before and after) around any High-Impact (Red Folder) news event.

Performance Profile (Based on XAUUSD Data)

• Risk-to-Reward Ratio: Highly efficient 1:2+ matrix (Average Win: ~$2,426 vs. Average Loss: ~-$1,153).

• Target Velocity: Capable of clearing an 8% Phase 1 target within ~33 premium setups.

• Risk Footprint: Exceptionally low historical equity drawdown footprint (~5.6%), giving you an massive safety buffer under standard 10% prop ceilings.