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Name: PropShark
Version: Latest version
Developer by: Olga Jagodzinska
The Right Platform: Meta Trader 5 (MT5)
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PropShark EA MT5 is a specialized Expert Advisor (EA) engineered to help traders pass funded trading challenges like FTMO, MyForexFunds, The5ers, and more. Unlike single-asset gold bots, PropShark supports multiple major currency pairs and CFDs—offering portfolio diversification while fully complying with the strict rules of prop firm accounts.
1. Multi-Asset Trading – Portfolio Diversification
Supports trading on FX majors: EURUSD, GBPJPY, USDJPY, and popular CFDs like XAUUSD, US30, NAS100.
One EA file handles all pairs—no need to run multiple EAs.
Each symbol runs independently using the same prop-friendly logic.
2. Optimized for Funded Accounts
Tailored to meet critical funding criteria: daily loss limits, max drawdowns, minimum profit targets.
Easily adjustable for any prop firm’s rule set.
3. Advanced Risk Control
Symbol-specific lot calculation based on ATR and tick value.
Auto-closes all trades if overall drawdown limit is breached.
Limits the number of concurrent trades per symbol and globally.
4. Session-Aware & News Protection
Set custom trading hours per symbol (e.g., JPY trades during Tokyo session).
Avoids trading during high-impact news based on each symbol.
Includes global no-trade windows for high-risk periods (e.g., 22:30–23:55).
5. Smart SL Management (Break-Even & Trailing)
Automatically shifts SL to break-even (with buffer) once a trade reaches defined profit.
Symbol-specific trailing stops—for example: 10 pips for EURUSD, 100 points for XAUUSD.
6. All-in-One On-Chart Dashboard
View your entire portfolio in one place: equity, drawdown, daily profit target.
Shows number of open trades, remaining daily loss allowance, and progress toward the prop-firm goal.
No more relying on gold alone. PropShark unlocks opportunities across forex majors and indices—reducing risk and increasing reward potential.
All account rules (drawdown limits, profit targets, SL rules) are managed across your entire portfolio, with no need for multiple EAs or manual tracking.
Whether it’s FTMO today or another firm tomorrow—PropShark adapts. Just update the settings. No code changes required.
Spanning a rigorous historical test period, the PropShark EA demonstrated disciplined risk control and consistent profitability—precisely the kind of performance needed to pass prop firm challenges like FTMO or MyForexFunds.
Despite working with a large capital base, the EA maintained conservative drawdowns while steadily compounding gains across multiple sessions and symbols.
Backtest Summary:
Initial Deposit: $20,000
Total Net Profit: $3,086.96
Gross Profit: $5,096.56
Gross Loss: -$2,087.56
Maximum Drawdown: $537.76 (2.55%)
Profit Factor: 1.44
Win Rate (Total): 66.32%
Log in to your FTMO demo or any funded MetaTrader 5 account.
Then, drag and drop PropShark.ex5
onto any M15 chart—yes, any symbol will do. The EA is designed to manage multiple instruments from a single chart instance.
💡 You don’t need to open separate charts for each pair—PropShark handles everything internally.
Open the Inputs tab and enable the assets you want the EA to trade by checking boxes like:
Trade_XAUUSD
Trade_EURUSD
Trade_GBPJPY
Want to add other symbols like US30
or NAS100
? Just type their exact names, including suffixes if your broker uses any.
Set your global risk parameters:
RiskPerTradePercent
(e.g., 1%
) — The EA will auto-scale lot sizes for each symbol.
Define max exposure:
MaxDailyLossPercent
MaxTotalDrawdownPercent
DailyProfitTargetPercent
These controls apply across the entire portfolio, not just one instrument.
PropShark intelligently adapts trailing logic based on each instrument’s characteristics. For example:
Setting | FX Pairs | XAUUSD (Gold) |
---|---|---|
BreakEvenTrigger | 20 pips | 200 points |
TrailingStart | 30 pips | 300 points |
TrailingDistance | 10 pips | 100 points |
✅ These values are interpreted per-symbol automatically, using ATR-based translations.
Make sure AlgoTrading is enabled in MT5.
Once running, PropShark’s real-time dashboard gives you:
Live Equity & Total P/L
Active Trades Across All Markets
Daily Drawdown/Profit Progress
One chart. Multiple assets. Full visibility.
Name | Fit |
---|---|
Trading platform | Meta Trader 5 (MT5) |
Time frames | M15 |
Currency pairs | XAUUSD, EURUSD, GBPJPY |
Min / Recommended deposit | Any |
Min / Recommended leverage | Any |
VPS | Optional, for uninterrupted advisor operation. |
🤗WISH YOU SUCCESSFUL TRADING🤗
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