Prop Firm SHARK EA V2.20 MT5

📌 Introduction

The Prop Firm SHARK EA V2.20 is a specialized MetaTrader 5 Expert Advisor engineered exclusively for proprietary trading firm challenges. Unlike conventional forex robots, this EA prioritizes consistency, drawdown control, and strict adherence to funded account rules. Optimized for the EUR/USD pair on the M15 timeframe, it combines multi-currency architecture, adaptive position sizing, and session-aware trading logic to help traders pass evaluations from firms like FTMO, The5ers, and MyForexFunds while maintaining capital preservation as its core philosophy.

⚡ Key Features

• 🔹 Prop-Firm Focused Logic – Specifically tuned for funded-account evaluations with daily loss limits, total drawdown thresholds, and profit targets

• 🔹 Multi-Currency Architecture – Supports trading across multiple major pairs and CFDs from a single EA instance

• 🔹 Adaptive Position Sizing – Calculates lot sizes based on ATR and tick value, applying unified risk-per-trade percentage

• 🔹 Session-Aware Trading – Allows defining trading windows by local server time for optimal liquidity hours

• 🔹 Global No-Trade Blocks – Configurable blackout periods around high-impact news events

• 🔹 Unified Break-Even & Trailing Logic – Automatically moves stops to break-even and implements trailing stops

• 🔹 On-Chart Dashboard – Displays combined equity, total drawdown, and daily profit versus target in real-time

• 🔹 Robust Drawdown Controls – Monitors both daily and total drawdown levels with automatic position closure if limits are approached

⚙️ Recommended Settings (EUR/USD M15)

✅ Advantages

• ✔️ Purpose-built for prop firm compliance
• ✔️ Comprehensive automated risk management
• ✔️ Natural diversification through multi-currency support
• ✔️ Adaptive to changing market volatility
• ✔️ Real-time performance visibility via dashboard
• ✔️ Reduces emotional trading decisions

❌ Disadvantages

• ❌ Not a guaranteed profit solution
• ❌ Requires proper configuration for optimal performance
• ❌ Performance varies between brokers
• ❌ Requires regular monitoring despite automation

🏁 Conclusion

The Prop Firm SHARK EA V2.20 stands as a sophisticated solution for traders navigating the demanding landscape of proprietary firm evaluations. Its specialized design, robust risk controls, and intelligent trading logic make it a reliable companion for funded account challenges. While no automated system eliminates all risks, this EA's thoughtful architecture provides a solid foundation for consistent, rule-based trading on EUR/USD M15. Proper configuration, demo testing, and ongoing supervision remain essential to maximize its potential and achieve prop firm success.

Support & Disclaimer

Support

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

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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.