The suite utilizes various strategies including market structure analysis, session range breakouts for London and New York sessions, and high-frequency scalping. It features strict risk management protocols such as daily drawdown limits, total equity protection, and maximum daily trade counts. Trade execution requires confluence from RSI momentum, candlestick patterns, and multi-timeframe structure alignment. Positions are managed with dual profit targets and ATR-based trailing stops.
Read from PropFirm_SessionBreakout_v5.mq5. Defaults are the author's; change them in the EA's Inputs tab.
Name
Type
Default
Description
PropFirm
ENUM_PROP_FIRM
PROP_FTMO
Mode
ENUM_TRADE_MODE
MODE_CHALLENGE
RiskPercent
double
1.5
MaxDailyDD
double
4.5
MaxTotalDD
double
9.0
MaxTradesDay
int
4
MaxOpenTrades
int
2
SwingLookback
int
10
Bars to identify swing points
StructureBars
int
50
Bars for structure analysis
RequireStructureAlignment
bool
true
Direction must match structure
MinSwingSize
double
0.5
Min swing size (ATR multiplier)
UseAsianRange
bool
true
Asian Range (00-06 UTC)
Show all 40 inputs
Name
Type
Default
Description
UseLondonRange
bool
true
London Range (07-10 UTC)
MinRangeTouches
int
2
Min touches to validate S/R
MaxRangeATR
double
2.5
Max range size (ATR)
MinRangeATR
double
0.4
Min range size (ATR)
RequireCandlePattern
bool
true
Require confirmation pattern
RequireMomentumAlign
bool
true
RSI alignment
RSI_Period
int
14
RSI_OB
int
70
Overbought
RSI_OS
int
30
Oversold
MinScore
int
6
Minimum score to trade
StructureWeight
int
3
Structure alignment weight
PatternWeight
int
2
Candle pattern weight
RangeQualityWeight
int
2
Range quality weight
MomentumWeight
int
2
Momentum weight
HTFWeight
int
1
HTF alignment weight
TP1_RR
double
1.5
TP1_Percent
double
50.0
TP2_RR
double
2.5
UseTrailing
bool
true
TrailingATR
double
1.2
MinRR
double
1.5
TradeLondon
bool
true
07-11 UTC (High volume)
TradeNYOpen
bool
true
13-16 UTC (High volume)
TradeOverlap
bool
true
13-16 UTC (London+NY)
TF_Structure
ENUM_TIMEFRAMES
PERIOD_H1
Structure analysis TF
TF_Entry
ENUM_TIMEFRAMES
PERIOD_M15
Entry TF
TF_HTF
ENUM_TIMEFRAMES
PERIOD_H4
HTF confirmation
Magic
int
567890
How to install it
1Download the sourceUse "Download source (.zip)" above, or clone cgemise971/PropFirmEA from GitHub, and unzip it.
2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
3Copy the filesCopy the .mq5 file into Experts, and any .mqh files into the Include folder the code expects.
4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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