Recruitment of participants Prop GT MT4 V2.8 (no dll)

Prop GT MT4
V2.8

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.

Signal: https://www.mql5.com/en/signals/2208147


PLEASE PAY ATTENTION BEFORE TESTING!!!

• Symbol: EURUSD
• Timeframe: H1
• 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?

1. The setting should be made at the time when the market is open and ticks are received in the trading terminal.
2. 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).
3. 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).
4. 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.

Account and Currency Pair Parameters:

• Currency pairs: EURUSD, GBPUSD, USDJPY
• Leverage: 1:100
• Minimum deposit: $300 USD
• EURUSD spread: Up to 8 pips

 

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