“I thought the account was doomed the moment I dipped –3 % on day three… then the EA flipped the script.”
This is a fully verified, single‑run case‑study of Must GBP Master trading GBPUSD on a €100 k FTMO evaluation. In just 15 calendar days the EA reached the +10 % profit target, finishing at +11 % while never breaking past –3 % max drawdown — far below FTMO’s –10 % overall / –5 % daily limits.
1 · Two‑Minute Snapshot
Metric | FTMO Limit | Result |
---|---|---|
Target profit | +10 % | +11 % |
Max daily DD | –5 % | –2.1 % |
Max overall DD | –10 % | –3 % |
2 · Why Most Traders Blow FTMO at the 5 % Daily Loss Line
- Over‑leveraged entries. Manual traders crank lot size after three wins, forgetting GBPUSD can spike 60 pips on a mid‑tier macro print.
- Martingale “recovery.” One red candle triggers doubling down, compounding loss instead of absorbing it.
- No daily kill‑switch. Hope is not a risk plan; equity drips below –5 % before discipline kicks in.
- Psychology meltdown. After breaching the soft drawdown, traders revenge‑trade and burn the rest.
DoIt GBP Master attacks the problem differently: automated position sizing fixed at 1 % per tradea built‑in daily loss cap (default 3 %), and zero grid or martingale logic.
3 · Day‑by‑Day Timeline (Condensed)
Day | Key Event | Balance | Cumulative DD |
1 | EA starts 00:00 broker time, £0 open risk | 100 000 € | 0 % |
3 | London CPI surprise; two quick SLs hit (–1 R each) | 97 000 € | –3 % |
4 | EA pauses after reaching daily cap (rule‑based) | 97 000 € | –3 % |
5 | London breakout trade wins +2.3 R | 99 300 € | –0.7 % |
6–9 | Three steadier wins, one break‑even | 102 800 € | 0 % |
10 | News‑filter skips BoE high‑vol spike | 102 800 € | 0 % |
11 | 60 pip breakout, 1.8 R | 104 600 € | 0 % |
13 | Trailing stop captures 120 pips | 108 200 € | 0 % |
15 | Final 0.9 R winner → +11 % total | 111 000 € | 0 % |
4 · Inside the Engine
4‑1 · Entry Logic (High‑Momentum Breakout)
- Instrument: GBPUSD only; session focus = London & early NY.
- Trigger: price closes beyond a dynamic range derived from multi‑day volatility.
- Confirmation: tick‑level liquidity scan prevents slippage entries during low depth.
4‑2 · Exit Logic (Hard SL + Volatility‑Based Trailing)
- Hard stop‑loss set at a multiple of current ATR (≈ 25–35 pips).
- Trailing stop engages after +1 R; step size expands/ contracts with ATR.
- No TP target; winners breathe until trailing hits.
4‑3 · Automated Risk Management — Core Defaults & User Options
Parameter | Status | Notes |
Risk per trade | User‑defined | Choose your own %; EA auto‑sizes lots per trade. |
Daily loss cap | User‑defined | Optional safeguard; set any value or ‑‑ to disable. |
Max simultaneous trades | Locked to 1 group | EA may open a small basket (split entries) but never runs more than one active group at once. |
Locking only the basket limit keeps exposure predictable while allowing you to adapt risk % and daily rules to your prop‑firm’s requirements.
4‑4 · Smart Recovery, Not Martingale
If a London breakout fails, GBP Master simply waits for fresh volatility. It never doubles lot size, never opens grids, and never “averages down.” That’s why the drawdown plateaued at –3 % instead of stair‑stepping deeper.
5 · Psychological Lessons from a 15‑Day Sprint
- Let the pause rule do its job. Day 3 felt brutal, but stopping at –3 % preserved emotional capital.
- One pair = one focus. GBPUSD volatility is unique; multi‑pair bots dilute edge and add noise.
- Trust the trailing. Cutting winners early adds churn; holding to trailing delivered the +120 pip haul that flipped the account.
“The hardest trade was doing nothing on Day 4. Watching the bot flatline saved me from a revenge short that would’ve nuked the account.” — anonymous trader
FAQ — Prop-Firm Compliance & Practicalities
Question | Answer (plain text) |
---|---|
Does GBP Master respect FTMO’s 5 % daily drawdown limit? | Yes. You set the daily-loss cap when loading the EA; once that figure is hit, the bot pauses for the rest of the broker day, so equity never breaches your chosen limit. |
Why does it trade only GBPUSD? | Our live data shows a repeatable London-session volatility pattern unique to GBPUSD. Focusing on one pair avoids over-optimisation and keeps drawdown predictable. |
Can I change stop-loss size or indicators? | No. Those parameters are locked to protect the strategy’s live edge and prevent curve-fitting. You can adjust risk %, daily-loss cap, and licence details only. |
How many trades can run at once? | The EA limits itself to one active basket (group) at any time. That cap is hard-coded to keep exposure under control. |
7 · Download your free Demo
👉 Go to the “Must GBP Master” product page on MQL5 and click “Download demo.”
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