Prop GTA EA (with DLL) MT4

Product Code: Prop GTA EA (with DLL) MT4
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PROP GT Expert Advisor is specially designed for passing the Prop Firms challenge and further trading while adhering all rules and maintaining specified drawdown limits.

Account and Currency Pair Parameters:

Currency pairs: EURUSD, GBPUSD, USDJPY
Leverage: 1:100
Minimum deposit: $300 USD
EURUSD spread: Up to 8 pips

PLEASE PAY ATTENTION BEFORE TESTING!!!

Symbol: EURUSD
Timeframe: М15
Model: Every tick

It is important for the Expert Advisor to operate in the correct time zone, so before testing, you should correctly set the GMT parameter.

How to set the GMT parameter correctly?

The setting should be made at the time when the market is open and ticks are received in the trading terminal.
Open Google and search for "Current GMT time," then open the first website that appears and note the time (for example, it's 10:53).
Open the trading terminal in which you will be testing and using the Expert Advisor. Open the data window (Market watch in English), and at the top of this window, you will see the time of your broker's trading server (let's say it's 12:53).
Subtract the Greenwich Mean Time (GMT) from the broker's time and get the parameter to be set in the Expert Advisor (Example: 12-10=2, set +2 in the advisor).

PROP Controller Module.

In order to limit risks, the Expert Advisor includes a special module that collects profit and drawdown metrics of the account. The main tasks of the PROP Controller module are as follows:

Collects key parameters of the Prop account.
Monitors daily and maximum drawdown, and if it approaches a critical level, it sends a command to close all orders to prevent the account from blowing up.
Prohibits opening orders on the current day if the drawdown approaches a critical level.
Monitors profit and sends a command to close all orders if the account's profit exceeds the specified target.
Prohibits trading until the Expert Advisor is restarted if the account is already in a profitable position.

Breakout Scalper Strategy.

The Expert Advisor's trading strategy is based on the breakout of support and resistance levels. Together with a high-performance trailing stop module, the strategy shows minimal drawdowns in the account. This allows for easy completion of Prop Firm challenges.

PROP GT Configuration.

PROP GT is already fully configured for trading with five currency pairs. You can trade more instruments if you want, but PROP GT works best with the ones listed in the properties below. The only thing you need to configure is the risk level for each trade. Don't forget to set the GMT parameter as described at the beginning of the article.

How to Pass the Prop Firm Challenge?

First of all, you should set up your Expert Advisor correctly and trade only the recommended currency pairs. At the beginning, I recommend to keep the maximum risk per trade at 1% (MM type = Risk per transaction, Risk = 1). This way you will be able to successfully complete the whole challenge without risk. In order to blow up the account, you will need to close more than 5 trades at the same time at StopLoss. This has not happened in history since 2014, this fact has been verified by the results of tests (you can check it yourself)

In case if the Prop Firm rules limit the challenge duration to 30 days and at the beginning of week 3 that you're not meeting the profit targets, increase the risk to 2% (Risk = 2) for week 3. If you still can't successfully complete the challenge by the end of week 3, increase the risk to 3% (Risk = 3) for week 4.