This guide walks through the inputs of Galaxy Prop Firm EA MT5 with the values recommended for live trading. The set files that come with the EA already contain these settings, so you can load them in one click and adjust only what your broker or account needs.
🔢 Galaxy PropFirm EA MT5 Settings Guide
Galaxy PropFirm EA MT5 is an automated multi-currency Expert Advisor designed with a strong focus on prop firm risk management, automatic lot sizing, spread control, trading schedules, drawdown protection and trailing-stop management.
The supplied configuration shows support for multiple Forex pairs, flexible position sizing, configurable TP/SL multipliers, Friday trading control and a dedicated Prop Firm protection system.
The displayed setup uses Magic Number 71823, automatic lot sizing with Risk = 1.0, a 0.1 fixed-lot value, 0.05 minimum lot, 60.0 maximum lot, 140.0 maximum spread, and a trading schedule from 00:01 to 23:59. It also includes a maximum drawdown threshold of 80.0 and trailing-stop activation from 20 pips.
🔢 Galaxy PropFirm EA MT5 Settings Explained
🔄 General EA Settings
🔹 Magic Number: 71823 — Assigns 71823 as the EA's unique Magic Number, allowing MT5 to identify and manage trades generated by Galaxy PropFirm EA.
🔹 pair: NZDCAD,EURCAD,USDCHF,AUDUSD,CADJPY,EURCHF,EURJPY,GBPNZD — Defines the configured trading pairs as NZDCAD, EURCAD, USDCHF, AUDUSD, CADJPY, EURCHF, EURJPY, and GBPNZD, providing a multi-currency trading setup.
🔹 Expert Comment: Galaxy — Sets the trade comment to Galaxy, making positions generated by the EA easier to identify in the MT5 terminal.
🔹 Suffix: — The Suffix field is blank, meaning no additional symbol suffix is configured in the displayed settings.
🔹 Prefix: — The Prefix field is blank, meaning no additional symbol prefix is configured.
🔄 Orders Settings
🔹 Auto lot: true — Enables automatic lot-size calculation, allowing the EA to determine position size using its configured money-management logic.
🔹 Risk: 1.0 — Sets the automatic risk parameter to 1.0. The exact percentage interpretation depends on the EA's internal lot-calculation formula.
🔹 Fixed Lot: 0.1 — Sets the fixed-lot reference value to 0.1 lots. This parameter is available even though Auto lot = true.
🔹 Min Lot: 0.05 — Sets the minimum permitted trading volume to 0.05 lots.
🔹 Max Lot: 60.0 — Sets the maximum permitted trading volume to 60.0 lots.
🔹 TP multiplier: 1.0 — Sets the Take Profit multiplier to 1.0, meaning the base TP calculation is not multiplied upward or downward.
🔹 SL multiplier: 1.0 — Sets the Stop Loss multiplier to 1.0, leaving the base SL calculation unchanged.
🔹 Max Spread in Point: 140.0 — Sets the maximum allowed spread to 140.0 points, helping prevent new trades when market spread exceeds the configured threshold.
🔄 Trading Schedule
🔹 Trading start Time: 00:01 — Sets the daily trading start time to 00:01.
🔹 Trading End Time: 23:59 — Sets the daily trading end time to 23:59, providing an almost full-day trading window.
🔹 Trade on Fridays?: true — Enables trading on Friday.
🔹 Allow only one order per pair: false — Disables the restriction that would limit the EA to only one order per currency pair.
🔄 Prop Firm Settings
🔹 FTMO Randomizer: false — Disables the FTMO/Prop Firm randomization feature. When enabled, such a feature may introduce controlled variation in execution parameters to reduce overly deterministic trading behavior, depending on the EA's implementation.
🔹 Max DrawDown to close all [0=disable]: 80.0 — Sets the maximum drawdown threshold to 80.0. If the EA's internal drawdown calculation reaches this level, it is configured to close all trades. The parameter explicitly states that 0 = disable.
🔄 Trailing Settings
🔹 Pips distance to trailing stoploss [0=disable]: 0 — Sets the trailing-stop distance to 0. According to the parameter description, 0 = disable, so this distance-based trailing-stop function is disabled through this parameter.
🔹 Pips to start trailing stoploss: 20 — Sets the trailing-stop activation threshold to 20 pips. Once the EA's trailing conditions are satisfied, trailing management can begin after the configured 20-pip movement.
🔄 Key Configuration Highlights
🔹 Multi-Currency Trading: The EA is configured for 8 currency pairs: NZDCAD, EURCAD, USDCHF, AUDUSD, CADJPY, EURCHF, EURJPY, and GBPNZD.
🔹 Automatic Money Management: Auto lot = true, with Risk = 1.0, so automatic position sizing is active.
🔹 Fixed Lot Reference: The displayed Fixed Lot = 0.1, providing a fixed-lot value within the EA's configuration.
🔹 Lot Range: The EA allows a minimum lot of 0.05 and a maximum lot of 60.0.
🔹 Take Profit Multiplier: TP multiplier = 1.0, leaving the base Take Profit calculation unchanged.
🔹 Stop Loss Multiplier: SL multiplier = 1.0, also leaving the base Stop Loss calculation unchanged.
🔹 Spread Protection: Max Spread in Point = 140.0, providing a maximum spread threshold for trade execution.
🔹 Trading Hours: The configured schedule runs from 00:01 to 23:59.
🔹 Friday Trading: Trade on Fridays = true, so Friday trading is enabled.
🔹 Multiple Orders: Allow only one order per pair = false, meaning the EA is not restricted to one order per currency pair.
🔹 Prop Firm Protection: Max DrawDown to close all = 80.0, with 0 explicitly available to disable the function.
🔹 FTMO Randomizer: The FTMO Randomizer is false, so randomization is currently disabled.
🔹 Trailing Stop: The trailing-stop distance is set to 0, which explicitly means disabled, while the activation threshold is 20 pips.
🔄 Risk Management Considerations
🔹 Automatic Risk Sizing: With Auto lot = true, the EA is configured to calculate position sizes automatically rather than simply relying on the Fixed Lot = 0.1 value.
🔹 Risk Parameter: The displayed Risk = 1.0 should be verified against the EA's documentation to determine whether it represents exactly 1.0% account risk or another internal risk unit.
🔹 Maximum Exposure: Max Lot = 60.0 is substantially larger than the 0.05 minimum lot, so traders should ensure that the automatic money-management calculation cannot generate excessive exposure under their account conditions.
🔹 Drawdown Protection: The 80.0 maximum drawdown setting is particularly important for prop-firm accounts. The exact drawdown unit or percentage should be confirmed from the EA documentation before relying on it as a firm risk limit.
🔹 Spread Control: A 140.0-point maximum spread is configured. Traders should compare this threshold with the intended broker's typical spreads for all 8 supported pairs.
🔢 Conclusion
Galaxy PropFirm EA MT5 provides a versatile automated Forex trading framework combining multi-pair execution, automatic lot sizing, risk management, spread filtering, trading schedules, Prop Firm protection, and trailing-stop controls.
The displayed configuration supports 8 currency pairs and uses Magic Number 71823 with the trade comment Galaxy. Automatic lot sizing is enabled through Auto lot = true, with Risk = 1.0, while the available lot range extends from 0.05 to 60.0 lots.
Trading is configured almost around the clock, from 00:01 to 23:59, with Friday trading enabled. The EA also allows multiple orders per pair because Allow only one order per pair = false.
For Prop Firm risk management, the configuration includes FTMO Randomizer = false and Max DrawDown to close all = 80.0. The trailing section shows 0 for the trailing-stop distance, which explicitly means the distance-based trailing function is disabled, while the configured trailing activation threshold is 20 pips.
Before using Galaxy PropFirm EA MT5 on a live or funded account, traders should carefully verify the EA's exact interpretation of Risk = 1.0, Max DrawDown = 80.0, Max Lot = 60.0, and Max Spread = 140.0 points. These parameters can have a significant impact on exposure and account protection, particularly when trading multiple currency pairs simultaneously.
🔢 FAQs
❓ Which currency pairs does Galaxy PropFirm EA MT5 trade?
The displayed configuration includes 8 pairs: NZDCAD, EURCAD, USDCHF, AUDUSD, CADJPY, EURCHF, EURJPY and GBPNZD.
❓ What is the lot-sizing method used by Galaxy PropFirm EA MT5?
The EA uses Auto lot = true with Risk = 1.0. A Fixed Lot = 0.1 is also configured, while the minimum and maximum lots are 0.05 and 60.0 respectively.
❓ What is the maximum spread allowed?
The Max Spread in Point is set to 140.0 points. New trading may be restricted when the broker's spread exceeds this configured threshold.
❓ Does Galaxy PropFirm EA MT5 have drawdown protection?
Yes. Max DrawDown to close all = 80.0 is configured, and the parameter explicitly states that 0 = disable. The exact unit or percentage should be confirmed from the EA's documentation.
❓ Is the trailing stop enabled?
The trailing-stop distance is set to 0, which means the distance-based trailing function is disabled according to the parameter description. However, Pips to start trailing stoploss = 20, meaning the activation threshold is configured at 20 pips if the trailing mechanism is otherwise enabled.
Get Galaxy Prop Firm EA MT5
Download Galaxy Prop Firm EA MT5 with its set files, read the full product details and requirements here: Galaxy Prop Firm EA MT5 →