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Prometheus is an MT4 expert advisor that uses RSI and a Parabolic-based filter to open a basket of grid orders with optional martingale sizing. It closes the basket on a profit target and adds a second recovery strategy during drawdown.
Get one message the moment it launches, with its price.
Prometheus is an expert advisor for MetaTrader 4 that opens baskets of orders using RSI and a Parabolic-based filter, then manages them with a profit target and a second recovery strategy. It is a grid and martingale style system, so position size and drawdown need careful control.
The EA combines two strategy modules and uses one or the other depending on market conditions. The first module looks at the RSI level against configurable low and high bounds, together with a long-period Parabolic reading, to decide when to open the initial order. Further orders are placed at a fixed distance, set by the step input, as price moves against the basket.
When the open basket reaches the profit level you define, the orders close together. If the basket goes into drawdown, the EA can open additional orders from the second strategy. Once the combined result of all open orders passes a chosen value, every order is closed, including the losing ones. Trade direction is configurable, so you can allow both sides, only buys or only sells.
The EA is designed for five-digit forex quotes. The developer suggests range-prone pairs, where price tends to pull back rather than trend for long distances, and names EURUSD and NZDUSD on M5 or M15 as a starting point. It can be attached to any timeframe, but you should test each symbol separately.
The main inputs are listed below. Default values vary, so check them in the EA's input window and in the Strategy Tester before going live.
| Input | Purpose |
|---|---|
| Magic | Identifier that separates the EA's orders from others |
| Lots, Lots_max | Starting volume and the cap on the first section |
| Max_trades | Maximum number of orders in a basket |
| Martingale1, Martingale2, Martingale_divide | Volume multipliers after losing trades; the developer advises keeping Martingale_divide at about 4-5 or lower |
| Takeprofit, Step | Take profit and grid distance in points (five-digit values) |
| Profitstop, Profitstop2 | Profit targets for the basket and for closing all orders |
| Rsi_period, Rsi_low, Rsi_High | RSI filter configuration |
| BeginHour, EndHour | Trading time window |
| Sell_only, Buy_only | Restrict trading direction |
| Dashboard | Show or hide the on-chart panel |
A larger step usually means fewer trades and a smaller deposit requirement, while a smaller step produces more orders and more exposure.
Trading carries risk, and past results, including backtests, do not predict future ones. Test on a demo account first and only risk money you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, five-digit quotes) |
| Strategy focus | Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, momentum-based entries with grid and martingale |
| Markets | Forex; calmer, range-prone pairs such as EURUSD and NZDUSD suggested |
| Timeframes | Any; M5 or M15 suggested by the developer |
| Trade style | Basket of orders, grid steps, optional martingale, hedged recovery |
| Direction | Both directions, or buy-only or sell-only |
| Broker needs | Low spread (about 2 points or less suggested), five-digit quotes |
| Account use | Run alone on the account; avoid mixing with other EAs |
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No. This build is for MetaTrader 4 only. It will not load in MT5, so check that your broker offers an MT4 account before buying.
Extract the download, copy the expert file into the MQL4/Experts folder through File > Open Data Folder in MT4, restart the terminal or refresh the Navigator, then drag the EA onto a chart and allow automated trading.
The developer suggests range-prone pairs such as EURUSD or NZDUSD on M5 or M15, although it can run on any timeframe. Test your own symbol in the Strategy Tester and on a demo account first.
Yes, if your broker uses four-digit quotes the values must be scaled down compared with five-digit quotes, for example 5 or 10 instead of 50 or 100. Always confirm the point size on your account.
Increasing lot sizes after losing trades can enlarge drawdown quickly. Keep the multipliers and maximum lot low, limit the number of trades and test carefully. Trading carries risk and past results do not predict future ones.
The developer refers to a small minimum deposit on a cent-type account and a spread of about 2 points or less. Exact requirements depend on your settings, so verify them in testing with your broker's conditions.
Prometheus
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