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Prop Firm Gold EA MT5 Settings Review & Full Analysis

What is Prop Firm Gold EA?

Prop Firm Gold EA is a system engineered for safe, disciplined, and rule-based trading. The configuration focuses on risk control, prop-firm safety, and flexible lot-sizing, making it ideal for funding challenges and long-term funded accounts on GOLD (XAUUSD).

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Prop Firm Gold EA MT5 Settings Review & Full Analysis 4

General Inputs

● Set Your Own Trade Comment

Allows the trader to personalize comments for trackability in MT5 history.
➡️ Useful for identifying trades when running multiple EAs or monitoring prop-firm accounts.

● Magic Number

Set to 12345, this ensures trade separation between different EAs and prevents trade conflicts.
➡️ Essential for safe multi-EA operation.

● Show Info on Chart

When set to true, it enables real-time display of EA metrics, risk status, and trading conditions.
➡️ Helps traders visually monitor performance and risk.


Risk Management

This section shows that the EA is optimized for controlled and predictable exposure.

● Portfolio Manager

Set to 1, meaning this EA works independently without splitting risk across multiple systems.

● Account Size Setting

Uses 0, meaning the EA automatically reads starting balance or equity depending on the risk mode.
➡️ Ensures accurate money management without manual input errors.

● Risk Type – Automatic Risk

The EA adjusts lot size based on account equity and predefined risk levels.
➡️ Ideal for prop-firm trading where over-leveraging must be avoided.

● Automatic Risk Level – Low

A conservative risk profile that helps maintain stability and reduce drawdowns.

● Manual Risk % & Fixed Lots (0.0)

Both manual options are disabled, reinforcing that all risk is governed automatically.
➡️ Prevents human error and supports robotic consistency.


Prop-Firm Protection Settings

These are key features targeted specifically for traders attempting funding challenges.

● Enable Daily Drawdown Protection – false

Currently disabled, but this feature can protect accounts by halting trading if daily limits are nearly reached.

● Max Daily Loss % – 4.0%

A built-in safety parameter aligned with common prop-firm rules (FTMO’s 5% daily limit).
➡️ When enabled, this prevents the EA from violating evaluation rules.

● First Trade Entry Delay

Set to 0, meaning the EA starts trading immediately after activation.
➡️ Useful for fast-moving GOLD markets where timing is crucial.


Conclusion

The Prop Firm Gold EA MT5 settings show a system engineered for safe, disciplined, and rule-based trading, ideal for prop-firm challenges and long-term funded accounts. With automatic risk control, customizable comments, magic-number isolation, and prop-firm loss protection, the EA emphasizes low-risk exposure and strict compliance with evaluation limits. These configurations indicate that the EA is optimized for steady growth, controlled drawdown, and consistent GOLD trading performance, making it a strong candidate for traders who need reliability and safety under prop-firm conditions.

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