PROTO Fx EA V1.0 MT5

Introduction

PROTO Fx EA V1.0 MT5 is an automated Forex Expert Advisor (EA) built for the MetaTrader 5 platform. It’s designed to trade without human intervention using advanced algorithms that analyze market conditions, execute orders, and manage risk automatically. This EA aims to eliminate emotional bias from trading and operate 24/7 to capture opportunities across market conditions.

Key Features

• Fully Automated Trading: Executes buy/sell trades based on internal logic without manual input.
• Precision Trade Execution: Uses algorithmic logic to place trades at optimal levels.
• Customizable Parameters: Traders can adjust risk levels, lot sizes, take profit, and stop loss settings.
• Robust Risk Management: Includes dynamic stop-loss adjustments and trailing stop features.
• Multi-Timeframe Analysis: Evaluates trends across different timeframes to make smarter entries.
• Multi-Pair Support: Works across a variety of currency pairs.

Recommended Settings

• Platform: MetaTrader 5 (MT5)
• Timeframes: M30 / H1 (most effective)
• Currency Pairs: Works on major pairs like EUR/USD, GBP/USD, and others including XAU/USD.
• Minimum Deposit: ~$100 recommended
• Leverage: At least 1:30 or higher
• VPS: Optional but recommended for uninterrupted trading.

Backtest & Performance

• Live Account Results: +306% gain over 15 weeks with low drawdown.
• High-Risk Backtest: Large profits but higher drawdowns (~51%).
• Low-Risk Backtest: Good steady growth with controlled drawdown (~11%).

Advantages

• Automates trading 24/7 with no emotional bias.
• Customizable risk and trade settings.
• Works on multiple pairs and timeframes.
• Helps reduce manual workload.
• Backtest & live results available for performance tracking.

Disadvantages

• Performance depends on market conditions — not guaranteed.
• Not beginner-friendly without basic MT5 knowledge.
• Requires careful risk tuning to avoid drawdowns.
• Past performance isn’t a guarantee of future results.

Installation & Setup Guide

1. Download the EA file (.ex5 or .mq5).
2. Open MetaTrader 5.
3. Go to File → Open Data Folder → MQL5 → Experts.
4. Paste the EA file into that folder.
5. Return to MT5 and refresh the Navigator panel.
6. Drag the EA onto the chart with your chosen pair & timeframe.
7. Adjust settings (risk, SL/TP, etc.) as needed.
8. Enable Auto‑Trading / Algo‑Trading so the EA can run.

Support & Disclaimer

Support

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

WhatsApp: Click here

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.