Prop Firm EA V2.0 MT4

Introduction

Prop Firm EA V2.0 MT4 is an automated Expert Advisor built for MetaTrader 4 and designed with prop firm challenge rules in mind. It focuses on disciplined execution and risk control, particularly on gold. The EA aims to help traders manage entries, position sizing and exposure while staying closer to typical daily and overall drawdown limits used by many prop firms.

It is especially relevant for traders who want systematic automation on XAUUSD instead of constant manual monitoring.

Key Features

• Fully automated trading on MetaTrader 4
• Dual trading engines (Engine A and Engine B) with separate magic numbers
• Customizable grid logic including step size and lot progression options
• Daily target and maximum equity drawdown controls
• Built-in news filter to avoid high-impact events
• Time and session filter for preferred trading hours
• Optional manual grid start function
• Risk-focused design suitable for prop firm style accounts

Recommended Settings

Use the following as a conservative starting point and always test on a demo account first:

• Pair: XAUUSD
• Timeframe: M15
• Start with fixed lot mode instead of progressive/martingale lot sizing
• Set step size carefully (commonly discussed in the 100–150 pip range for gold)
• Enable Daily Target and Max Equity Drawdown (keep the equity stop below your prop firm’s limit)
• Turn on the News Filter
• Enable Time Filter and restrict trading to liquid sessions (for example London–New York overlap)
• Use unique magic numbers for each engine

Adjust all values according to your account size, risk tolerance and the exact rules of your prop firm. Never copy settings blindly.

Advantages

• Removes constant screen time and reduces emotional decision-making
• Includes practical risk tools (daily target, equity stop, news and time filters)
• Dual-engine structure offers flexibility for grid and hedging approaches
• Designed with prop firm constraints in focus
• Works specifically on the popular XAUUSD M15 setup

Disadvantages

• Grid-based logic can produce expanding drawdown during strong one-directional moves
• Performance depends heavily on market conditions, spreads and broker execution
• Incorrect or aggressive settings (especially progressive lots) increase risk significantly
• Standard MT4 backtests of multi-order grid systems can be less reliable
• Requires proper understanding of grid risk and ongoing monitoring
• Does not guarantee passing any prop firm challenge

Support & Disclaimer

Support:

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.