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Prop Firm Gold King is an MT5 expert advisor that places Buy Stop and Sell Stop orders on XAUUSD breakouts, filtered by M5 and H1 EMAs. It has fixed lot sizing and drawdown controls aimed at prop firm challenge rules.
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Prop Firm Gold King is a fully automated expert advisor for MetaTrader 5. It is designed mainly for gold (XAUUSD) and trades breakouts from recent swing highs and lows. Its risk inputs are arranged around the kind of rules that proprietary trading firms commonly set.
The EA scans the chart for significant swing highs and lows over a lookback period you can adjust. Before it places an order, it checks two moving average filters. The M5 EMA is used to confirm short-term momentum, and the H1 EMA is used to confirm the direction of the larger trend.
When both filters agree with the direction of a breakout, the EA places a pending Buy Stop or Sell Stop order beyond the swing level. If the order is not triggered within the configured time, it is removed. Once a position is open, it is managed with a stop loss, a take profit and an optional trailing stop.
The default configuration is intended for XAUUSD on an M5 chart, with the H1 EMA supplying the higher-timeframe view. The package also supports BTCUSD when you load the dedicated Bitcoin set file before starting the EA. Always confirm that the set file matches the instrument on the chart, because the price scale and typical volatility of the two markets are very different.
| Input area | What to check |
|---|---|
| Lot size | Fixed volume that suits your account size, symbol and stop loss distance |
| Challenge balance | Should equal the real starting balance of the account |
| Drawdown mode | Static or floating, matching your firm's reference and reset logic |
| Daily and total limits | Taken from your firm's rules, not left at defaults |
| Profit target | Set to the challenge target |
| Spread, session and news filters | Adjusted to your broker's typical conditions |
For backtesting, set the Strategy Tester deposit to the same amount as the challenge start balance, so that the drawdown calculations make sense. Use tick data of good quality and a broker symbol that matches the one you will trade live.
Trading carries risk, and past results, including backtests, do not predict future ones. Fixed lot sizes can still produce large losses on volatile instruments such as gold and Bitcoin. Test on a demo account first and make sure the settings fit your own risk limits.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Gold or XAUUSD, Trend, Grid, Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (fully automated) |
| Main market | XAUUSD (gold); BTCUSD with the dedicated set file |
| Chart timeframe | M5, with an H1 EMA trend filter |
| Trade style | Breakout with pending stop orders and trailing stop |
| Lot sizing | Fixed lot only (no percentage risk sizing) |
| Risk controls | Daily and total drawdown, spread, session and news filters |
| Requirements | Algo Trading enabled; VPS recommended for continuous running |
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No. Prop Firm Gold King is built for MetaTrader 5 only. It will not load in MetaTrader 4, so check that your broker or prop firm offers an MT5 account before buying.
The default configuration is made for XAUUSD on an M5 chart. For BTCUSD you should load the dedicated Bitcoin set file before starting the EA. Symbol names differ between brokers, so confirm that your broker's gold or Bitcoin symbol matches the one you attach the EA to.
No. It uses a fixed lot size that you enter. Because the real risk depends on stop loss distance, volatility and your broker's contract specification, test the lot size in the Strategy Tester and reduce it if drawdown comes close to your prop firm's limits.
Choose the static or floating drawdown mode that fits your firm's rules, then enter your actual starting balance, daily loss limit, total loss limit and profit target. Read your firm's rules on how the drawdown reference is calculated and compare them with how the EA calculates it. Do not assume the default values suit every firm.
A VPS is recommended because the EA must be running to place orders, manage open trades and apply its filters. Any setup that keeps the terminal online with a stable connection during your trading hours can work.
No. Trading carries risk, and past results, including backtests, do not predict future ones. The built-in limits can help you follow rules, but they do not remove the possibility of loss.
Prop Firm Gold King
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