Prop Firm Gold King
- 专家
- 版本: 4.0
- 更新: 21 十月 2026
- 激活: 10
Prop Firm Gold King is a fully automated MetaTrader 5 Expert Advisor designed for trading XAUUSD (Gold) and BTCUSD (Bitcoin). It uses a systematic breakout strategy combining market structure, pending order execution, and dual EMA trend confirmation on M5 and H1 timeframes.
The EA uses fixed lot sizing with configurable Stop Loss, Take Profit, and Trailing Stop. It also features Static and Floating Drawdown calculation modes to help traders configure risk controls according to their prop firm's rules.
Prop Firm Gold King does not use Grid, Martingale, Averaging, or Recovery systems.
Prop Firm Ready: Set Files
The default set file is configured for XAUUSD (Gold). To trade BTCUSD (Bitcoin), load the dedicated BTC set file before starting the EA.
Important: Always load the correct set file for your instrument and verify the settings before enabling Algo Trading.
How the Strategy Works
The EA identifies significant swing highs and lows using a configurable lookback period. Before placing an order, it checks two EMA filters:
- M5 EMA: Confirms short-term momentum.
- H1 EMA: Confirms the higher-timeframe trend.
When both filters agree with the breakout direction, the EA places a pending Buy Stop or Sell Stop order. Untriggered pending orders expire after the configured period. Once a trade opens, the EA manages it using the configured Stop Loss, Take Profit, and Trailing Stop.
Risk Management and Drawdown Protection
- Fixed Lot Sizing: Uses a predefined lot size configured by the user. Percentage-based risk sizing is not supported.
- Static Drawdown: Provides a static-reference drawdown calculation mode.
- Floating Drawdown: Uses the account's equity high as the drawdown reference, according to the EA's implementation.
- Daily Drawdown Protection: Helps restrict trading when the configured daily loss limit is reached.
- Total Drawdown Protection: Helps control trading when the configured overall loss limit is reached.
- Maximum Spread Filter: Filters entries when spreads exceed the configured threshold.
- Trading Session Filter: Defines permitted trading hours.
- High-Impact News Filter: Filters trading around supported economic news events.
- Pending Order Expiration: Removes untriggered orders after the configured period.
- Magic Number: Identifies the EA's trades.
Select the drawdown mode that matches your prop firm's rules. Verify the reference base, reset logic, and breach conditions before trading.
Recommended Settings
| Parameter | Recommendation |
|---|---|
| Platform | MetaTrader 5 |
| Supported Markets | XAUUSD |
| Chart Timeframe | M5 |
| Trend Confirmation | M5 and H1 EMA |
| Lot Sizing | Fixed Lot Only |
| Drawdown Modes | Static and Floating |
| Operation | VPS recommended |
Recommended Lot Size by Prop Account Size
The following tables provide reference lot sizes based on account size. Actual trading risk depends on Stop Loss distance, market volatility, broker contract specifications, and prop firm drawdown limits.
XAUUSD — Gold
| Account Size | Lot Size |
|---|---|
| $1,000 | 0.01 |
| $5,000 | 0.05 |
| $10,000 | 0.10 |
| $25,000 | 0.25 |
| $50,000 | 0.50 |
| $100,000 | 1.00 |
BTCUSD — Bitcoin
| Account Size | Lot Size |
|---|---|
| $1,000 | 0.10 |
| $5,000 | 0.50 |
| $10,000 | 1.00 |
| $25,000 | 2.50 |
| $50,000 | 5.00 |
| $100,000 | 10.00 |
Lot Size Warning: These values are reference guidelines, not guaranteed safe risk levels. Monitor account equity drawdown in Backtest and reduce the fixed lot size if drawdown approaches or exceeds your prop firm's permitted risk limits. Verify broker contract specifications and potential Stop Loss exposure.
Prop Firm Rules and Backtest Settings
Before running a backtest or deploying the EA, update the Prop Firm Rules Settings to match your actual prop account size and challenge conditions.
- Challenge Start Balance: Set it to the actual initial account size, such as $10,000 or $100,000.
- Backtest Deposit: Set the Strategy Tester initial deposit to the same amount as the challenge start balance.
- Profit Target: Keep the target as per prop firm profit target. It will stop trading operation after reaching set target.
- Maximum Daily Drawdown: Configure it according to the prop firm's daily loss limit.
- Maximum Total Drawdown: Configure it according to the prop firm's overall loss limit.
- Challenge Start Date and Length: Set the appropriate start date and challenge duration for your testing requirements.
Important: The account balance, Strategy Tester deposit, lot size, profit target, and drawdown limits must reflect the account and challenge being tested. Do not assume that default drawdown values suit every prop firm.
Installation
- Install Prop Firm Gold King in MetaTrader 5.
- Open an M5 chart for XAUUSD or BTCUSD.
- Attach the EA to the chart and enable Algo Trading.
- Load XAU_PROP_4%RISK for Gold or BTC_PROP_4%RISK for Bitcoin.
- Verify fixed lot size, drawdown mode, challenge settings, and trade protection inputs.
- Keep your terminal or VPS running during the intended trading period.
Frequently Asked Questions
Does the EA use Martingale or Grid?
No. It does not use Martingale, Grid, Averaging, or Recovery systems.
Does it support percentage-based risk?
No. The EA uses fixed lot sizing only.
Which markets does it support?
All trading pair subject to broker symbol compatibility.
Which set file should I use?
Use XAU_PROP_4%RISK for Gold and BTC_PROP_4%RISK for Bitcoin.
Can I use it on a prop firm account?
The EA includes configurable drawdown controls. You must verify that its settings and trading activity comply with your prop firm's rules.
Is a VPS recommended?
Yes. A VPS helps maintain continuous terminal operation.
Updates and Support
Updates and compatibility improvements may be released when appropriate. For assistance, use the product discussion page or contact the developer through the MQL support channel.
I've been using this EA for a while now, and so far I'm really happy with it. It follows the rules well, doesn't take random trades, and the risk management is solid. It's been working great on Gold, and the developer is quick to answer any questions. Definitely worth it.