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Promex MT5 is an expert advisor that looks for sharp deviations of price from its usual level and trades the reversal with fixed stops and a short trailing stop. It includes a news pause and an optional drawdown controller for prop firm accounts.
Get one message the moment it launches, with its price.
Promex is an expert advisor for MetaTrader 5 that trades against short-term price overextension. When the market moves unusually far from its normal level, it places an order in the expectation of a pullback and then manages the position with a tight trailing stop.
The strategy is built around deviation from a typical price level. When the move looks stretched, the expert places a pending order set back from the market by a configurable distance. Each trade carries a stop loss and a take profit. Once a position reaches a minimum profit, an optional trailing stop follows price at a short distance, so the aim is to collect small moves rather than hold for large ones.
According to the product description, the system does not use martingale, averaging or hedging. Check this in your own demo testing, as behaviour depends on your settings and broker conditions.
The expert can pause trading before and after important news releases. News data is read from the MetaTrader news feed. This filter does not run in the strategy tester, so backtests will not show its effect.
If you trade a prop firm evaluation, you can switch on a module that watches account drawdown. You set a daily drawdown limit, a maximum drawdown limit against the starting balance and a target profit for the phase. When a limit is approached the expert closes all open trades, and it stops when the target is reached. On a normal account you can leave this switched off.
The author names EURUSD, GBPUSD, AUDUSD and USDJPY as the intended pairs. The description does not state a required chart timeframe, so confirm the recommended chart and presets with the seller before use. Spread matters for a short-term system: the author suggests an ECN or RAW account with a EURUSD spread of up to 6 pips (a ceiling, not a target), leverage of 1:30 or more and a deposit from 100 USD.
| Parameter | Purpose |
|---|---|
| Money management | Chooses fixed lot or risk per trade as a percentage of balance |
| Aggressive | Adjusts how actively the expert trades |
| Backspacing | Distance for placing the pending order |
| TakeProfit and StopLoss | Size of each exit, entered in 4-digit quote points |
| Trailing-stop enable | Turns on the trailing stop |
| StopLoss distance | Gap between price and stop while trailing |
| Minimum trailing profit | Profit needed before trailing begins |
| Pause on the news and News symbols | Enables the news pause and sets the currencies watched |
| Prop challenge enable | Activates the prop controller |
| Prop daily drawdown and Prop maximum drawdown | Loss limits that trigger closing of all trades |
| Prop phase target % | Profit level at which the expert stops |
The author suggests keeping the prop drawdown values slightly below the firm's own limits to allow for slippage. Exact values depend on your firm, so check them against its rules.
Trading carries risk and you can lose part or all of your capital. 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 5 |
| Strategy focus | General |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Mean reversion after price deviations, short trailing stop |
| Pairs named by the author | EURUSD, GBPUSD, AUDUSD, USDJPY |
| Account type | ECN or RAW recommended by the author |
| Leverage | 1:30 or more suggested |
| Minimum deposit | 100 USD suggested by the author; confirm for your broker |
| Risk features | News pause, prop drawdown controller, lot or risk sizing |
No reviews yet. Customers who own Promex MT5 can review it here.
No. This listing is the MetaTrader 5 build and it will not load in MetaTrader 4. Make sure your broker offers an MT5 account before you buy.
The author recommends an ECN or RAW account with leverage of 1:30 or more, a low EURUSD spread and a starting balance of at least 100 USD. These are guidelines, not guarantees of any outcome, so test on a demo account with your own broker first.
It has an optional prop controller that closes all trades when the daily or maximum drawdown limit you set is approached, or when your profit target is reached. Rules differ between firms, so read your firm's terms on automated trading and test the limits before relying on them.
No. The news pause relies on the live MetaTrader news feed, so it is not active in backtests. Tester results will therefore differ from live behaviour, and neither predicts future results.
Copy the expert advisor file into the Experts folder via File, Open Data Folder, MQL5, Experts in MetaTrader 5, then restart the terminal or refresh the Navigator. Drag it onto a chart and enable algorithmic trading. For the news filter, add the news URL to the allowed list if your terminal asks.
The author says set files exist for EURUSD, GBPUSD, AUDUSD and USDJPY. Check the product page or ask support for current presets, and verify every value on a demo account before going live.
Promex MT5
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