Promex MT5

Overview of Promex MT5

Promex MT5 is a unique Expert Advisor (EA) designed for the MetaTrader 5 platform. It specializes in trading during moments of significant price deviation from the norm, aiming to capitalize on probable market reversals. By utilizing a short trailing stop, Promex MT5 seeks to secure small, consistent profits with a high probability of success.

Key Features

• Operates on ECN and RAW account types
• Requires a minimum deposit of 100 USD
• Leverage: 1:30 or more
• EURUSD spread: up to 6 pips
• Compatible with PROP Firms
• Includes StopLoss and TakeProfit for each trade
• Does not use martingale, averaging, or hedging strategies

Trading Strategy

Promex MT5 trades by opening positions when there is a strong likelihood of a price movement in the opposite direction. This strategy is enhanced by a short trailing stop, which helps in collecting small profits from the market with a probability of 95%.

Account Requirements

• Account types: ECN and RAW
• Leverage: 1:30 or more
• Minimum deposit: 100 USD
• EURUSD spread: up to 6 pips

Prop Firm Compatibility

Promex MT5 is designed to be compatible with 100% PROP Firms. It sets StopLoss and TakeProfit for each trade and avoids risky strategies like martingale, averaging, and hedging. This makes it an excellent choice for traders looking to pass PROP Firm challenges.

Additional Features

• Prop Controller: Controls drawdowns to ensure they do not exceed specified levels, safeguarding your account from significant losses.
• News Filter: Stops trading during important news releases to avoid market volatility. Note that this feature does not work in the strategy tester, so real trading results may be better than test results.
• Trading Panel: An additional module for manual trading, equipped with high-performance trailing stop and signal strategies like Imbalance and Trend follow.

Parameters

• Money Management: Sets the type of order lot calculation
• Fixed Lot: Each trade is opened with a fixed lot
• Risk per Transaction: Lot calculated to ensure no more than a specified percentage of the balance is lost per trade
• Aggressiveness: Sets the trading aggressiveness
• TakeProfit and StopLoss: Sizes set as for 4-digit quotes
• Trailing Stop: High-performance trailing stop with customizable settings
• Pause on News: Enables trading pause before and after news releases
• Prop Challenge: Enables Prop Controller with customizable drawdown levels

User Experience

Promex MT5 has received positive feedback from users, highlighting its reliability and effectiveness in various market conditions. The EA's ability to manage risks and secure consistent profits makes it a valuable tool for both novice and experienced traders. 🚀📈

Conclusion

Promex MT5 stands out as a robust and reliable Expert Advisor, designed to maximize profits while minimizing risks. Its compatibility with PROP Firms and additional features like the Prop Controller and News Filter make it a versatile tool for traders aiming for consistent success in the Forex market.