Prosperity MT5 (Official version) | Unbounded

Product Overview

Prosperity MT5 is a professional MetaTrader 5 Expert Advisor designed specifically for automated trading on the EURGBP currency pair. The system uses a unique adaptation of an indicator-based trading approach combined with a custom Trend Filter, Drawdown Protection, and Recovery Mode.

The EA is designed as a relaxed intraday trading system that can operate continuously with minimal user intervention. Traders simply attach Prosperity to EURGBP, select their preferred risk level and Take Profit mode, configure the maximum drawdown settings, and allow the EA to manage the trades automatically.

One of the key characteristics of Prosperity is its focus on EURGBP, a currency pair that historically behaves differently from more aggressively traded pairs such as EURUSD and GBPUSD. The strategy has been tested against historical market conditions dating back to 2005, including challenging periods such as the Brexit-related volatility.

Prosperity is designed with a long-term philosophy. Instead of focusing purely on aggressive short-term returns, the system emphasizes sustainability, controlled risk, transparency, and long-term automated trading.

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About the Developer

• Author: Mr James Daniel Coe
• Experience: Over +2 years of experience on MQL5.
• Notable Products: Prosperity MT5, CAD Sniper X MT5, Ultimate Bot and other advisors
• Flagship Product: Prosperity MT5 is rated as the best performing product of the year.

>>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

>>Reviewed by Jason Stap <<

Key Features of Prosperity MT5

• Professional MT5 Expert Advisor.
• Designed primarily for EURGBP.
• Works on any timeframe.
• Unique indicator-based trading adaptation.
• No Grid strategy.
• No Martingale strategy.
• No constantly changing .set files.
• Built-in default parameters.
• Easy setup and configuration.
• Relaxed intraday trading approach.
• Designed for frequent trading opportunities.
• Custom Trend Filter.
• Built-in Drawdown Protection.
• Built-in Recovery Mode.
• Virtual stop-loss protection based on the selected Risk Factor.
• Flexible Take Profit Modes.
• User-selectable risk level.
• Supports multiple account types.
• Works with Hedging and Netting accounts.
• Compatible with Standard and ECN accounts.
• Designed to work with different brokers.
• Historical testing dating back to 2005.
• Free updates when new features are released.
• Suitable as a diversification component for an EA portfolio.

How Does Prosperity MT5 Work?

Prosperity MT5 uses a specialized indicator adaptation to identify potential trading opportunities on EURGBP. Rather than relying on a traditional Grid or Martingale recovery mechanism, the EA combines its entry logic with trend filtering and risk-management functions.

EURGBP-Focused Strategy

The EA is designed around the EURGBP pair, which represents two major European currencies. According to the developer, this pair can offer a different volatility profile compared with EURUSD or GBPUSD during certain market environments.

The system is therefore built around the characteristics of EURGBP rather than attempting to apply a generic strategy to every currency pair.

Custom Trend Filter

A custom Trend Filter is integrated into the system to help identify broader market direction and avoid unfavorable trading conditions.

The developer specifically highlights the system’s ability to handle major historical events, including the extreme volatility surrounding Brexit.

Virtual Stop-Loss

Prosperity uses a virtual stop-loss mechanism determined by the selected Risk Factor. This allows the EA to establish a predefined risk framework for individual trades without relying exclusively on conventional broker-side stop orders.

Drawdown Protection

The EA includes built-in Drawdown Protection designed to limit trading activity when account-level risk reaches predefined conditions.

Recovery Mode

A dedicated Recovery Mode is also included to help manage periods of unfavorable performance and attempt to stabilize the trading process after drawdown.

Why Choose Prosperity MT5?

Specialized EURGBP Strategy

Prosperity focuses on EURGBP, allowing its trading logic to be specifically adapted to the behavior of this currency pair.

No Grid or Martingale

The system is designed without traditional Grid or Martingale mechanics. This is an important distinction for traders who prefer to avoid strategies that continuously increase exposure during adverse market movements.

Long-Term Historical Testing

The EA has been tested using historical data dating back to 2005, giving traders a long period over which to evaluate its behavior across different market environments.

Trend-Based Protection

The custom Trend Filter is designed to help the system adapt to changing market direction and avoid relying purely on short-term price fluctuations.

Simple Configuration

Prosperity does not require users to constantly download or change .set files. The main settings allow traders to select their risk level, maximum drawdown, and Take Profit mode.

Portfolio Diversification

EURGBP can provide additional diversification for traders already running EAs on other instruments such as Gold, major currency pairs, indices, or commodities.

Prosperity MT5 Performance and Backtest Results

🔺Real Account Performance:

• Initial Deposit: $2,000
• Total Net Profit: $24,623
• Win Rate: 71.07%
• Maximum Drawdown: 1.99%

Prosperity MT5 Backtest Results

🔺Backtest Performance:

• Initial Deposit: $2,000
• Total Net Profit: $14.21 million
• Win Rate: 75.14%
• Maximum Drawdown: 6.39%
• Demonstrates stable growth, low risk, and high profitability.

Prosperity MT5 Backtest Resultss

Performance and Risk Management

Prosperity MT5 has been tested on EURGBP using historical data dating back to 2005.

The developer recommends a minimum deposit of $800 and advises against running Prosperity on accounts below this level.

For 1:500 leverage, the standard risk configuration can be used according to the EA’s settings. For lower leverage such as 1:30, traders should consider using lower Risk Factors, custom fixed lots, or a larger account balance.

Risk Management Features

Prosperity includes several mechanisms intended to control account exposure:

• Virtual stop-loss based on Risk Factor.
• Maximum drawdown settings.
• Drawdown Protection.
• Recovery Mode.
• Custom Trend Filter.
• User-controlled risk level.
• Take Profit Mode selection.

The developer recommends starting with a 100% maximum DD setting, but traders should independently evaluate whether this setting is appropriate for their account and risk tolerance.

Weaknesses and Risk Warnings

Despite its built-in protection mechanisms, Prosperity MT5 still carries the risks associated with automated forex trading.

EURGBP Is Not Risk-Free

Although EURGBP may behave differently from some major currency pairs, it can still experience substantial volatility during monetary-policy announcements, political events, economic releases, and periods of market stress.

Brexit Demonstrates the Risk

Historical Brexit volatility demonstrates that EURGBP can experience exceptional price movements. Past survival through such events does not guarantee the same behavior during future market shocks.

Virtual Stop-Loss Risk

Because the system uses a virtual stop-loss mechanism, traders should understand how the EA manages positions and ensure that the terminal and trading environment remain operational.

Minimum Deposit Requirement

The recommended minimum deposit is $800. Running the EA with less capital than recommended can materially change the risk profile.

Leverage Risk

High leverage such as 1:500 can significantly amplify both gains and losses. Lower leverage accounts may require different Risk Factor or fixed-lot configurations.

Backtest Limitations

Testing data from 2005 provides useful historical information, but backtested performance cannot guarantee future profitability. Real trading results may differ because of spreads, commissions, slippage, execution, liquidity, and market conditions.

No EA Can Guarantee Profit

Drawdown protection and recovery mechanisms can reduce certain risks, but they cannot eliminate the possibility of significant losses.

Pros and Cons

Pros

• Specialized for EURGBP.
• Works on any timeframe.
• No Grid.
• No Martingale.
• Historical testing from 2005.
• Custom Trend Filter.
• Drawdown Protection.
• Recovery Mode.
• Virtual stop-loss mechanism.
• Flexible Risk Factor.
• Multiple Take Profit modes.
• Easy to configure.
• No constantly changing .set files.
• Works with Hedging and Netting accounts.
• Compatible with Standard and ECN accounts.
• Designed to work with different brokers.
• Suitable for portfolio diversification.
• Free updates for new features.

Cons

• Primarily designed around EURGBP.
• Recommended minimum deposit is $800.
• High leverage configurations can increase risk substantially.
• Virtual stop-loss requires the EA and trading terminal to remain operational.
• Backtest results cannot guarantee future performance.
• EURGBP can experience extreme volatility during major events.
• Recovery Mode does not eliminate drawdown or loss risk.
• Different brokers may produce different live results.

How to Install Prosperity MT5

1. Open MetaTrader 5.
2. Select File → Open Data Folder.
3. Open the MQL5 → Experts directory.
4. Copy the Prosperity MT5 EA file into the Experts folder.
5. Restart MetaTrader 5 or refresh the Navigator panel.
6. Open an EURGBP chart.
7. Select your preferred timeframe.
8. Attach Prosperity MT5 to the chart.
9. Enable Algo Trading.
10. Configure the Risk Factor according to your account size and risk tolerance.
11. Set the desired Maximum DD level.
12. Select the preferred Take Profit Mode.
13. Verify that your deposit and leverage meet the recommended requirements.
14. Run a thorough demo test before deploying the EA on a live account.
15. For continuous operation, use a reliable VPS.

For lower-leverage accounts such as 1:30, use appropriately reduced risk settings or fixed lots and conduct your own backtesting before going live.

What’s Included in the Download Package?

• Setting (If Any).docx
• Installation Guide.docx

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Final Thoughts

Prosperity MT5 is an automated EURGBP trading Expert Advisor built around a unique indicator adaptation, custom Trend Filter, virtual stop-loss, Drawdown Protection, and Recovery Mode.

Its biggest differentiator is its focus on EURGBP and its long historical testing period dating back to 2005. Rather than relying on aggressive Grid or Martingale recovery techniques, Prosperity is positioned as a more structured intraday system designed with long-term sustainability in mind.

The EA is also relatively simple to configure. Traders can choose their risk level, maximum drawdown, and Take Profit Mode without constantly changing external .set files.

The recommended minimum deposit is $800, with 1:500 leverage suggested for the standard configuration, while lower-leverage accounts can use reduced risk factors or fixed lots.

Ultimately, Prosperity MT5 should be evaluated through realistic forward testing and appropriate risk management. Historical performance, including results from major events such as Brexit, can provide valuable information but cannot guarantee future profitability.

For traders looking to add EURGBP diversification to an existing automated trading portfolio, Prosperity MT5 offers an interesting alternative to conventional Gold Grid and Martingale-based systems.