Prop Master MT4
- Uzman Danışmanlar
- Sergey Ermolov
- Sürüm: 1.4
- Güncellendi: 14 Mayıs 2024
- Etkinleştirmeler: 10
Prop Master Expert Advisor works according to the classical strategy and follows all the rules set by Prop firms for their clients. The Expert Advisor can be traded both on funded accounts of Prop firms and on your own accounts. There is no restriction on the type of trading account.
Check out the Prop Master live signal: https://www.mql5.com/en/signals/2216370
Before the test, see the article - How to test the Prop Master Expert Advisor correctly
Prop Master respects all requirements of Prop firms
- StopLoss and TakeProfit are set in each trade
- Classic breakout strategy (does NOT use averaging and martingale)
- Does NOT use high frequency trading
- You can set a limit on the maximum number of open trades
- Magic Number and Comment parameters of the order are displayed in the settings. (Set these values to unique to avoid Copy trading blocking)
- The module for tracking drawdowns is already inside the Expert Advisor
Key advantages of the Prop Master Expert Advisor
The Prop Master Expert Advisor sets adequate small StopLoss and TakeProfit in each order.
It is important to pay attention to this, because some Expert Advisors set a very large StopLoss in the order and just wait for the wrong entry into the trade or do not set StopLoss at all. Thus, you can constantly get profitable trades, but if the market goes wrong, you can get a loss of half of your deposit or lose your entire deposit if StopLoss is not set at all.
A proper money management strategy limits the loss on each trade to a percentage of your deposit.
I believe this is the most correct trading, when you open a trade, you calculate the lot size in such a way that your maximum loss on the trade is from 1 to 7% of your deposit (everyone chooses for himself an acceptable risk per trade). Therefore, the Prop Master Expert Advisor calculates the lot size for each trade individually, based on the StopLoss size calculated by the strategy and the size of your deposit.
The Prop Master uses high-performance trailing stop in trading.
It is necessary to fix the profit, and trailing stop allows you to fix the profit on the trade in case the market suddenly turns to the side against the open trade. Even if in this case you will not always get profit from a larger market movement, but using trailing stop allows you to reduce the number of losses and thus increases the stability and profitability of the Prop Master Expert Advisor.
Description of the Prop Master Expert Advisor settings
- GMT - a parameter that is needed first of all for proper testing of the Expert Advisor. How to set this parameter correctly, please read in the block "How to test the Expert Advisor"
- Money Management Type - a switch that sets the type of calculation of the trade lot:
- Fixed lot - sets a fixed lot size (Money Management Type = Fixed lot)
- Divider - sets the divider for the lot calculation (Money Management Type = Auto-lot)
- Risk per transaction - sets the percentage of risk per transaction (Money Management Type = Risk per transaction)
- Maximum trading spread - the size of the maximum spread at which the Expert Advisor can work. If this value is exceeded, the Expert Advisor will not place orders
- Maximum number of deal - allows you to set the maximum number of orders placed simultaneously
Time filter
- Enable the operation of the time filter - limits the Expert Advisor's operation at night, during periods of low market activity and increased spread size
- Start trade (hour) - hour after which the Expert Advisor starts working
- Stop trade (hour) - hour after which the Expert Advisor finishes its work
Order Parameters
- Minimum SL for auto calculation - minimum value of StopLoss size. If the calculated value of StopLoss is less than the specified one, the trade is canceled. (Relevant in case of automatic calculation of the StopLoss size by the Expert Advisor)
- StopLoss - StopLoss size in pips (0 - StopLoss size is calculated automatically according to the internal logic and strategy of the Prop Master Expert Advisor) (10 pips - 0.0010 or 0.00100)
- TakeProfit - TakeProfit size in pips (0 - TakeProfit size is calculated automatically according to the internal logic and strategy of the Prop Master Expert Advisor) (10 pips - 0.0010 or 0.00100)
Prop firm settings
- Challenge On - set "true" to start the Prop Controller module
- Max.daily drawdown (%) - set the maximum drawdown for the day
- Max. equity drawdown (%) - set the maximum drawdown of the account by Equity
- Phase Target (%) - set the amount of profit for passing the challenge
Other
- Magic Number - unique number of the Expert Advisor (the Expert Advisor uses numbers from MagicNumber to MagicNumber+10
- Order comment - comment that is recorded in the order
- EURUSD spread less than 6 pips
- Minimum deposit 100$
- Leverage from 1:20
- ECN, NDD or RAW account
- Server ping up to 25 ms is preferable
I'm Sergey Ermolov, subscribe to my updates!
Works, good profit and great support from the seller, thank you