Prop GT EA V1.5 MT4

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Prop GT EA V1.5: The Ultimate Expert Advisor for Passing Prop Firm Challenges

Prop GT EA V1.5 is a cutting-edge Expert Advisor (EA) designed for MetaTrader 4 (MT4), specifically developed to help traders pass prop firm evaluations while adhering to strict risk management rules. Built to meet the unique requirements of prop firm challenges like FTMO and MyForexFunds, this EA combines advanced algorithms and customizable settings to maximize profitability while minimizing risk exposure.

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Recommended Settings​

To ensure the best results, consider the following settings:

• Leverage: 1:100 or as required by the prop firm
• Account Type: Standard or ECN
• Starting Balance: Based on the evaluation phase target (typically $10,000 or higher)
• Risk Settings: Default or adjusted to fit the specific drawdown limits of the prop firm
• Timeframes: M15, M30, H1, H4 (based on market volatility and challenge phase)
• Currency Pairs: EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD

These settings align the EA with prop firm requirements, ensuring that it can operate within the rules while maximizing the chances of passing the evaluation phase.

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Key Features​

1. Built for Prop Firms: Designed with prop firm challenges in mind, Prop GT EA V1.5 ensures compliance with rules like maximum daily drawdown, overall drawdown limits, and profit targets.
2. Dynamic Risk Management: The EA adapts its risk settings based on current market conditions, automatically adjusting trade sizes to ensure that drawdown limits are never exceeded.
3. Profit Targeting: Focuses on meeting profit targets within the evaluation period while maintaining a conservative risk approach to prevent excessive losses.
4. Low Drawdown: Advanced algorithms minimize drawdowns, keeping them well within the limits set by prop firms to ensure stability and consistent growth.
5. High Frequency of Trades: The EA can place multiple trades per day, increasing the likelihood of hitting the required profit target within the timeframe of the evaluation phase.
6. User-Friendly Interface: The EA offers an easy-to-use interface with detailed statistics, including daily profits, total profits, number of trades, and current drawdown.

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How It Works​

Prop GT EA V1.5 blends trend-following and breakout strategies to identify and act on high-probability trade opportunities. By using a combination of technical indicators and price action analysis, the EA finds optimal entry and exit points, ensuring quick and profitable trades. Trades are closed rapidly, minimizing market exposure while adhering to prop firm profit and drawdown rules.

The EA dynamically adjusts stop-loss and take-profit levels based on real-time market conditions, providing the trader with protection while aiming for consistent returns.

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Performance and Drawdowns​

The performance of Prop GT EA V1.5 showcases its ability to maintain steady account growth while keeping drawdowns well within acceptable limits. During backtesting and live evaluation phases, the EA exhibited drawdowns of less than 5%, which is ideal for meeting prop firm evaluation conditions.

The balance curve for Prop GT EA V1.5 displays a steady upward trajectory, indicating its consistency in generating profits even during periods of high volatility. The EA’s maximum daily drawdown during testing was 0.00%, ensuring that it remains well within prop firm risk management parameters. Even during periods of loss, the risk control system ensures overall account equity remains stable.

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Ready to ace your prop firm challenge? Let Prop GT EA V1.5 guide you to consistent profits while keeping your drawdowns in check!