Prop GT MT4 with Setfiles

What is Prop GT MT4?

Prop GT MT4 represents a specialized breakout scalping Expert Advisor crafted exclusively for proprietary trading firm challenges, incorporating FTMO-specific drawdown parameters and automated risk management protocols. The system demonstrated consistent profitability with 1.52-1.65 profit factors across major currency pairs during 13+ years of backtesting and successfully completed live FTMO evaluations. Operating on MetaTrader 4 with H1 timeframe focus, it combines range breakout analysis with news filtering and session-based trade controls.

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Key Takeaway

• Core Strategy: Breakout scalping system identifying price movements beyond established ranges, utilizing average period calculations (9-period default) and range filters with stop level configurations for entry validation

• Technical Components: Integrates breakout detection with GMT+2 time offset, configurable trading windows (5-18 hours), news pause functionality for EUR/USD events, and trailing stop mechanisms with minimum profit thresholds

• Prop Firm Integration: Dedicated parameters including daily drawdown limits (5%), maximum drawdown thresholds (10%), and phase profit targets (10%) specifically calibrated for FTMO and similar evaluation programs

• Risk Management Framework: Automatic Stop Loss and Take Profit placement (25/10 pips typical), multiple money management modes (fixed lot, risk percentage, amount risk), and trailing stop with configurable distance settings

• Performance Documentation: EURUSD backtests show 10,152% returns with 1.64 profit factor, live FTMO challenges achieved 10.03% Phase 1 profit with 84.2% win rate, though relative drawdown can reach 75% on volatile pairs

• Critical Considerations: Strategy sensitivity to broker execution quality, potential for significant equity swings during false breakout periods, and requirement for careful parameter optimization based on broker conditions

Recommendations for Prop GT MT4

• Trading Platform: MetaTrader 4 (MT4) exclusively – system not designed for MT5 compatibility

• Currency Pairs: EURUSD (primary recommendation), GBPUSD, USDJPY – EURUSD offers most stable performance characteristics

• Account Specifications: ECN accounts strongly recommended for execution speed critical to scalping success

• Timeframe: H1 (1 Hour) exclusively – system optimization limited to this timeframe

• Session Timing: Default 5:00-18:00 GMT+2, designed to avoid low-liquidity overnight periods

• Leverage: Maximum 1:100 recommended – higher leverage dramatically amplifies both profit potential and loss exposure in high-frequency trading

• Capital Requirements: $300 minimum deposit, $1,000+ strongly advised for adequate risk management given potential drawdown magnitudes

Prop GT MT4 Review

Prop GT MT4 offers targeted prop firm challenge automation with documented FTMO completion, requiring traders to manage breakout scalping’s inherent execution dependencies and drawdown volatility.

Backtest Analysis:
• EURUSD (2010-2023): 10,152% total return, 1.64 profit factor, 1.33% maximum drawdown

• GBPUSD (2010-2023): 4,290% return, 1.65 profit factor, 6.04% max drawdown, 75.22% relative drawdown

• USDJPY (2010-2023): 2,898% return, 1.52 profit factor

Live Challenge Verification:
• FTMO Phase 1: 10.03% profit (5,012 USD), 3.6% drawdown, 84.2% win rate

• FTMO Phase 2: 5.03% profit (2,513 USD), 6.9% drawdown, 75% win rate

Why Choose Prop GT MT4

• Documented Prop Success: Verified FTMO Phase 1 and 2 completions with live account evidence, though individual performance varies with market conditions and parameter configuration

• Purpose-Built Risk Controls: Integrated prop firm drawdown monitoring and compliance parameters, requiring thorough understanding of specific firm evaluation criteria

• Automated Decision Making: Removes emotional trading elements through systematic breakout identification, dependent on reliable broker infrastructure and execution quality

• Advanced Trade Filtering: News event avoidance and session-based controls minimize exposure to high-volatility periods, potentially reducing both risk and profit opportunities

• Scalable Architecture: Accommodates various account sizes starting from $300, though larger capital provides better risk distribution for scalping strategy characteristics

Conclusion

Prop GT MT4 provides specialized prop firm challenge automation with verified success documentation, demanding technical proficiency and risk awareness due to breakout scalping complexities. Optimal for experienced traders with prop firm knowledge and quality broker relationships, while requiring substantial caution from those unfamiliar with high-frequency trading demands.

For EA support and technical assistance, contact Telegram: https://t.me/+E2r7ipeuS6BjNzFl or email: [email protected]

Prop GT MT4 Download Packages:

• Link download experts:
  • Prop GT MT4.ex4
• Presets

FAQs