Question 1

What currency pair does Prometheus MT5 trade?

Accepted Answer

Prometheus MT5 is specifically designed for XAUUSD (Gold). It focuses on delivering controlled and consistent performance in the volatile gold market.

Question 2

Is Prometheus MT5 safe to use?

Accepted Answer

Yes. The EA follows a conservative approach with automatic position sizing based on risk percentage and limits the number of concurrent trades. It prioritizes capital protection over aggressive profit targets.

Question 3

Does it use Martingale or Grid?

Accepted Answer

No. Prometheus MT5 does not use Martingale or Grid strategies. It focuses on quality trades with strict risk management and controlled exposure.

Question 4

Is this EA suitable for prop firm challenges?

Accepted Answer

Yes. Prometheus MT5 includes prop firm-friendly features such as Maximum Daily Drawdown control and the option to pause trading if drawdown exceeds your set limit, making it suitable for funded account traders.

Question 5

Is Prometheus MT5 fully automated?

Accepted Answer

Yes. Once attached to the XAUUSD chart and configured, the EA runs completely automatically, including position sizing, trade management, and risk control.

Question 6

How many trades can it open at the same time?

Accepted Answer

By default, the EA limits the number of open positions to a maximum of 5 orders at the same time. This helps keep risk under control during volatile market conditions.

Question 7

Does it have a trailing stop?

Accepted Answer

Yes. The EA supports Trailing Stop functionality, which helps lock in profits as the price moves in the favorable direction after a trade is opened.

Prometheus MT5Premium

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