Galaxy Prop Firm EA MT5 with Setfiles (Unlimited)

🔢 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 Panel

🔢 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.