PropKing

Product Description – PropKing EA
PropKing EA is an Expert Advisor developed for MetaTrader 5. It provides structured trading logic with risk management features suitable for instruments including Forex, Indices, and Cryptocurrencies.

Main Features

Breakout-Based Entry Logic
Identifies potential entry zones using high/low breakout conditions with optional EMA-based filtering.

Lot Size Configuration
Supports multiple lot sizing methods:

• Fixed lot size

• Percentage of balance

• Percentage of equity

• Percentage of free margin

Trailing Stop Options
Includes two trailing stop modes:

• Fixed pip-based trailing

• EMA-based trailing adjustment

News Filter
Optionally disables trading during predefined economic news events, based on customizable keywords and currencies.

Trading Session Control
Allows trading to be enabled or disabled based on specific hours and days of the week.

Pending Order Expiry
Automatically cancels pending orders after a specified number of bars.

Drawdown Management System
Trading is suspended automatically if any of the following limits are exceeded:

• Daily drawdown

• Weekly drawdown

• Monthly drawdown

• Total drawdown

• Profit target reached

Visual Information Panel
Displays real-time EA status and trading parameters directly on the chart.

Recommended Lot Size Guidelines For PROPFIRMs.
For conservative risk exposure, it is generally advisable to:

– Use 0.01 lots per $1000 of Funded Account.
– Example:
    • $1000 → 0.01 lot
    • $5000 → 0.05 lot
    • $10,000 → 0.10 lot

You can also use one of the built-in percentage-based lot sizing options to automate this process.

Intended Use
This EA is designed for traders who require automation and structured rule enforcement. It can support breakout-style trading approaches with built-in risk control and configurable trade timing.

Disclaimer
This product does not guarantee profits or success in any specific trading scenario. It is a tool to assist in executing predefined strategies. All trading involves risk.

Support
For questions or assistance, please use the MQL5 message system.