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Description
Prop GT EA V1.5 MT4
Expert File
Pair EURUSD,GBPUSD,USDJPY
Setfiles/Preset available
Timeframe M15
Minimal Deposit $300
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.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.
Input Parameters of the PROP Controller Module
Broker’s time offset relative to GMT – offset of your broker’s trading server relative to Greenwich Mean Time
Money management type – sets the money management settings. Fixed lot – in this case, the lot of orders will be equal to the value that is set in the Fixed lot parameter. In that case, Risk per transaction – then the lot size is calculated relative to the size of your deposit and the maximum risk per transaction, the size of which you set yourself in the Risk per transaction parameter (%).
Parameters related to PROP Firm rules
Prop Challenge On – the parameter includes control of drawdowns and deposit income in order to fix losses in time and not blow up the account, as well as fixes profits and prohibits the adviser from trading if the specified profit was reached for the passage of the challenge.
Prop daily drawdown – sets the maximum size of the daily drawdown according to the Prop firm rules. If the drawdown approaches a critical one, the EA will close all trades and will no longer open new trades on that day. (The request for closing transactions is sent 0.1% before the critical one)
Prop max. drawdown – sets the maximum drawdown size according to the Prop firm rules. If the drawdown approaches a critical one, the EA will close all transactions and will no longer open new transactions until the trader corrects the situation himself. (The request for closing trades is sent 0.1% before the critical one)
Prop Phase Target % – sets the amount of profit as a percentage to complete the challenge. When the specified drawdown on the account is reached, the Expert Advisor stops.
Manual trading settings
StopLoss – sets the stop size for trades opened using the trading panel on the chart
TakeProfit – sets the profit amount in points for trades opened using the trading panel on the chart
General TakeProfit for several orders – sets the total profit for all unidirectional trades if you have opened more than one trade using the trading panel
Use Trailling stop – enables trailing stop for orders opened using the panel on the chart
StopLoss distance – sets the distance in points from the price to StopLoss when using a trailing stop
Minimum Trailing profit – sets the minimum profit amount in points at which the trailing stop function is triggered
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.
BONUS: Trading Panel
For those who prefer manual trading and want to control risks independently, there is an additional Trading Panel module. To get the opportunity to open trades in manual mode with a high-performance trailing stop, leave a review about Prop GT and send me a private message.
Signal Strategies
Imbalance
Trend follow
The trading panel includes two signal indicators that will indicate potential points where you can manually enter the market with 99% accuracy. The only things you need to manually monitor are:
not opening trades 15 minutes before and 30 minutes after important news releases
do not open a trade close to important support and resistance levels.
Account and Currency Pair Parameters
Currency pairs: EURUSD, GBPUSD, USDJPY
Leverage: 1:100
Minimum deposit: $300 USD
EURUSD spread: Up to 8 pips
Refund
Refund and Replacement Policy
At superprofits77.com, we prioritize your satisfaction and aim to provide top-notch digital products. To ensure clarity and transparency, we have outlined our Refund and Replacement Policy below.
1. Digital Product Nature: Our products are exclusively digital, encompassing downloadable software, e-books, templates, and other digital content. As these products are intangible and delivered electronically, physical returns are not applicable.
2. Refund Eligibility: Given the nature of digital products, standard refunds are generally not offered after the purchase. We encourage you to carefully review the product description, features, and compatibility information before making a purchase decision.
3. Defective Products: In the rare event that you receive a defective product (Product not working/cannot be installed), we are committed to addressing the issue promptly and professionally. If you encounter a problem, such as technical glitches or errors on our part, please contact our Customer Support team via Telegram @superprofits77.
4. Replacement or Refund for Defective Products: Upon verification of a legitimate defect, we offer the option to replace the defective product with another product of the same or lower price, based on your choice. Your satisfaction is our priority, and we strive to resolve issues related to product defects in a fair and efficient manner. We hope you contact us via Telegram @superprofits77 before deciding anything.
5. Technical Issues: If you face technical challenges hindering your access to or use of the purchased digital product, please reach out to our Customer Support team for assistance via Telegram @superprofits77. We are committed to resolving technical issues promptly to ensure your satisfaction.
6. Refund Process: If a refund is approved due to a verified product defect (Product not working/cannot be installed), we will check it for a week, and decide the next process. If we agree to refund it, we will use the original payment method. Refunds may take 1-3 days to reflect in your account. We will not provide refunds or product replacements if the product performance does not meet your expectations. All profits and losses are not our responsibility, so it’s wise to try it on a demo account first. Several factors can cause results to differ from the product advertisement, such as slippage, spread, broker factors, and possibly the developer making false advertisements. Please be prudent.
7. Contact Us: For any queries or concerns regarding our Refund and Replacement Policy, please contact our Customer Support team. You can reach us via telegram support. We are here to assist you and address any issues you may encounter.
By purchasing and downloading our digital products, you acknowledge and agree to adhere to the terms outlined in this Refund and Replacement Policy. We recommend reviewing this policy thoroughly before making a purchase. Your trust is important to us, and we are dedicated to delivering exceptional products and services.
Thank you for choosing Superprofits77
Install
The installation of NON DLL Product is BASIC INSTALL SKILLS ( NODLL ).
This is the easiest type of installation for Expert Advisors, Indicators and another trading tools.
For installing products WITH DLL files, you need to pay attention to a few things:
Make sure you are using Windows 11 / Windows Server 2016 or 2019.
Attention, some VPS providers may not support DLL files; they block access to these DLL files for security reasons. Therefore, you might try using other providers such as WIKIFX VPS.
You need to turn off/disabled the antivirus protection, or you can keep it turned on but make sure to exclude MT4/MT5 installation folder excluded from antivirus real time protection.
Disable your antivirus first.
Copy the DLL File from your product ZIP/RAR file to the ROOT FOLDER of your MT4 installation. (Normally root folder will located in this directory)
Once all the files copied, open your MT4/MT5 terminal with LAUNCHER.exe/LUNCHER.exe file (IF AVAILABLE) and copy the advisor on your terminal, refresh Expert Advisors, load the product into a chart and DONE.
NOTE : IF ITS A MQL5 PRODUCT, PLEASE LOG IN MQL5 ACCOUNT ON YOUR TERMINAL BEFORE LOAD THE EA
Responsibility
Superprofits77 disclaims any responsibility for gains or losses resulting from the use of the strategies provided. We cannot guarantee the profitability of these strategies as multiple factors, including fees, settings, and risk management, significantly impact outcomes. Our primary responsibility lies in presenting comprehensive descriptions containing all available information, empowering you to make informed decisions independently.
Not all expert advisors come with presets. It is recommended to craft your own, finely calibrated to improve performance and minimize risks. Employ reliable historical data tools like Tickstory and Backtester Kicker to analyze various setting combinations.
Dedicate time to acquire the knowledge requisite for joining the 5% of successful traders in the forex market.
A crucial reminder: Always conduct thorough backtesting, try on demo account before deploying any strategy with a live trading account.
Kindly refrain from requesting recommendations for an EA; base your purchase decisions on the available information.
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Thank you.
Reviews
2 reviews for Prop GT EA V1.5 MT4 NO DLL
Rated 5 out of 5
Atlanta Forex (verified owner)–
Certainly! I’m grateful for your assistance, the product is functioning well. I hope the results is good!
Rated 5 out of 5
Atlanta Forex (verified owner)–
Kudos to the support team for their exemplary service; they were quick to assist me with any issues I encountered. The product’s working perfectly now on my VPS
Atlanta Forex (verified owner) –
Certainly! I’m grateful for your assistance, the product is functioning well. I hope the results is good!
Atlanta Forex (verified owner) –
Kudos to the support team for their exemplary service; they were quick to assist me with any issues I encountered. The product’s working perfectly now on my VPS