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Are you looking to boost your trading
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strategy with an expert advisor? I
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tested a free EA on the MQL5 marketplace
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on a live account that combines multiple
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Hi everyone, we're going to take a deep
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dive into an expert advisor called
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Prophelper by Martin Slacka. Prophelper
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is a multistrategy expert adviser that
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combines three trend following
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strategies, one big move strategy, and
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one reversal strategy. This versatility
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helps it remain stable and profitable
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across different market conditions. It's
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important to note that while this EA is
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highly effective in trending markets, it
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may not perform as well in highly
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volatile or consolidated conditions. So,
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it's essential to use it when market
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conditions align with its strengths.
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Back testing results on the MQL5
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platform show more than a 60% win rate
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for both long and short trades. Also, it
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has a nice profit trend in its results.
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This EA is mainly designed for the gold
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market. So, I ran back tests on Prop
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Helper over a one-year period with a lot
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size of 0.01 on MetaTrader 5. The back
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test results showed consistent
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performance as in marketplace results
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with more than a 60% win rate. But back
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testing isn't everything. Let's take a
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quick look at how the A performs on a
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live account. I ran this EA on a 1,000 C
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account in a 5-minute time frame with
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default settings over 6 months duration.
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These are the results. It initially
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shows a rapid growing profit but after
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it has slow draw down of the account.
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Ultimately, it left a negative balance
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The strategy proves effective in
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real-time trading, but results can vary
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depending on factors like spreads,
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market volatility, and your broker's
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execution speed. The best thing about
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this EA is that it does not use any
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dangerous strategy like martingale or
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grid. Hope you get some idea regarding
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the performance of this EA. If you found
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this video helpful, don't forget to
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like, subscribe, and hit the bell icon
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to stay updated with more trading tips
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and strategies. Thanks for watching and
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best of luck with your trading.
