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Promex MT5 (Official version) | Unbounded

Promex MT5 is a fully automated EA targeting price deviations, offering ~95% high-probability trades, short trailing stops, and Prop-Firm-friendly risk control.

Original price was: $999.00.Current price is: $599.00.

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  • Unlimited Activations

You can use product with unlimited account

 

  • Instant delivery

Download link will be sent instantly after purchase

 

  • Easy to install

Pre-activated, ready to use immediately

 

  • Free Update
  • Free Install Support

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Description

Product Overview

Promex MT5 is a specialized Forex Expert Advisor for MetaTrader 5 designed to trade significant price deviations from a perceived normal market value.

The core concept is based on mean-reversion trading. When price moves unusually far from its normal level, Promex looks for conditions where a corrective movement may become possible. Instead of attempting to follow an extended move, the EA seeks to participate in potential reversals and uses a short trailing stop to manage positions.

The strategy is primarily designed for EURUSD and focuses on short-term opportunities created by significant price deviations.

According to the supplied product description, Promex is designed around a high-probability trading approach, with the stated objective of collecting relatively small profits from market corrections. However, the stated probability figures should be treated as product claims rather than guarantees of future trading performance.

Promex also includes several features intended for prop firm trading, including predefined Stop Loss and Take Profit, a built-in drawdown controller, news filtering, and configurable challenge profit targets.

About the Developer

• Author: Evgeniia Terekhova.
• Experience: Over +4 years of experience on MQL5.
• Notable Products: Promex MT5, Prop GT MT4, Promex MT4 and other advisors.
• Flagship Product: Promex 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 <<

Main Features of Promex MT5

Mean-Reversion Trading Strategy

Promex is built around the principle that unusually large price deviations can sometimes be followed by a movement back toward a more normal price level.

The EA therefore focuses on situations where price has moved significantly away from its expected value and looks for potential reversal opportunities.

Short Trailing Stop

After entering a position, Promex uses a configurable trailing-stop mechanism designed to protect and manage open trades.

The trailing stop can be configured with parameters such as:

  • Trailing Stop Enable
  • Stop Loss Distance
  • Minimum Trailing Profit

This allows the system to begin dynamically managing the position after a specified profit level is reached.

Stop Loss and Take Profit

Each trade uses predefined Stop Loss and Take Profit settings.

This is particularly relevant for traders who want clearly defined risk parameters and for users operating within trading environments where explicit risk controls are required.

No Martingale

Promex does not use Martingale, according to the supplied product information.

It also does not rely on averaging or hedging strategies.

This gives the EA a different risk structure from systems that increase exposure through repeated averaging or position multiplication.

Prop Firm Compatible Design

Promex is designed with features specifically intended for prop firm challenges, including daily drawdown monitoring, maximum account drawdown protection, and challenge profit targets.

Built-In News Filter

The EA can automatically pause trading around important economic news releases.

The objective is to avoid opening new positions during periods when major announcements may cause strong one-directional movements and reduce the likelihood of the expected price correction.

Automatic News Data

The supplied description states that news information is downloaded automatically through the MetaTrader news channel, allowing the EA to use current economic-event information during live trading.

Trading Panel Bonus

Promex can also be accompanied by an additional trading panel module that allows manual trading.

The panel is designed to combine manual entries with the EA’s trailing-stop functionality.

According to the product description, access to the additional panel is provided after submitting a review and contacting the developer privately.

How Does Promex MT5 Work?

Promex is based primarily on a mean-reversion and price-deviation concept.

The general trading process can be described as:

Price Deviation → Reversal Opportunity → Entry → Stop Loss/Take Profit → Trailing Management → Exit

When the market moves significantly away from its normal or expected value, the EA evaluates whether conditions are suitable for a potential counter-directional trade.

If the required conditions are satisfied, Promex opens a position.

The position is then managed using predefined Stop Loss and Take Profit parameters, together with the optional trailing-stop mechanism.

The basic idea is not to predict every market reversal. Instead, the system attempts to identify unusually extended price conditions where a correction may become possible.

Signal Strategies

The additional trading panel includes two signal concepts:

Imbalance

The Imbalance approach is designed to identify areas where buying and selling pressure may have become temporarily unbalanced.

These conditions can potentially provide information about areas where a price reaction may occur.

Trend Follow

The Trend Follow signal provides directional information based on the prevailing market movement.

These signals are intended to assist traders who want to use the Promex trading panel for manual decision-making.

The product description states that these signals are designed to provide highly accurate entry indications. Such accuracy claims should be independently verified through testing rather than interpreted as guaranteed results.

Money Management

Promex provides two primary money-management methods.

Fixed Lot

With Fixed Lot, every trade is opened using a predefined lot size.

This gives traders direct control over the nominal position size.

Risk Per Transaction

The Risk Per Transaction option calculates trade volume according to a specified percentage of account balance.

The purpose is to limit the planned loss of an individual position to the configured risk percentage, based on the EA’s Stop Loss and position-sizing calculations.

Risk-based sizing can be useful when trading accounts of different sizes because position volume can adjust according to available capital.

Trading Aggressiveness

The Aggressive parameter controls the aggressiveness of the trading configuration.

Traders should understand that higher aggressiveness can increase trading exposure and potentially increase both profits and losses.

The parameter should therefore be tested carefully rather than simply maximizing the setting.

Prop Controller

One of the main features of Promex MT5 is the built-in Prop Controller.

This module is designed to monitor account-level drawdown and help prevent trading from continuing when predefined limits are approached.

Daily Drawdown

The Prop Daily Drawdown parameter establishes the maximum permitted daily drawdown.

The supplied recommendation is to use approximately 4.8% when attempting to remain below a 5% daily drawdown threshold, allowing some margin for execution-related effects such as slippage.

Maximum Drawdown

The Prop Maximum Drawdown parameter controls the maximum drawdown relative to the starting account balance.

The supplied recommendation is approximately 9.8% when operating under a 10% maximum-drawdown requirement.

Automatic Trade Closure

When the configured drawdown level is close to being reached, the Prop Controller can close open trades on the account.

This provides an additional account-level protection mechanism rather than relying solely on individual trade Stop Loss settings.

Challenge Profit Target

The Prop Phase Target % parameter allows traders to define the target profit level associated with a prop firm challenge phase.

When the configured target is reached, the EA can stop trading according to the selected configuration.

These tools can help traders structure the EA around predefined account-level limits.

News Filter

The Pause on the News function allows users to pause trading before and after important economic releases.

This is particularly relevant to a mean-reversion strategy because major news events can produce powerful one-directional movements that may continue instead of immediately correcting.

Promex therefore provides an option to avoid opening new trades during selected news periods.

Important Strategy Tester Limitation

According to the supplied product information, the news filter does not operate in the MT5 Strategy Tester.

This means historical strategy-tester results may not represent how the EA behaves when the live news filter is active.

Traders should therefore avoid assuming that the Strategy Tester automatically reproduces the full live-trading news-filter environment.

Promex MT5 Backtest Results

🟢Live Trading Results

  • Initial Deposit: $10,000 (4 weeks)
  • Growth Rate: +22%
  • Win Rate (% of total): 92.9%
  • Maximum Drawdown: 7.7%
Promex MT5 Live results

Promex MT5 Live results

🟢Backtest Results

🔺EUR/USD – 2 years

  • Initial Deposit: $10,000
  • Total Net Profit: $293,677.72
  • Win Rate: 95.95%
  • Maximum Drawdown: 5.27%
Promex MT5 Backtests

Promex MT5 Backtests

Real User Reviews and Feedback

🔺 Promex MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

User Reviews

User Reviews

Performance and Risk Management

Promex is designed around the concept of capturing relatively small price corrections following significant deviations.

The strategy therefore depends heavily on market behavior, volatility, spread, execution, and the speed at which price corrections occur.

Its risk-management framework includes:

  • Stop Loss
  • Take Profit
  • Trailing Stop
  • Fixed-lot sizing
  • Risk-based position sizing
  • News filter
  • Daily drawdown protection
  • Maximum drawdown protection
  • Challenge profit target
  • No Martingale
  • No averaging
  • No hedging

While these features can provide structured risk control, they cannot eliminate market risk.

Mean-reversion strategies can face particular challenges when an apparently extreme price movement continues in the same direction instead of reversing.

Trading Account Requirements

The supplied requirements for Promex MT5 are:

Requirement Specification
Primary Market EURUSD
Account Type ECN / RAW
Minimum Leverage 1:30
Minimum Deposit $100
Maximum Stated EURUSD Spread Up to 6 pips
Trading Style Mean Reversion
Platform MetaTrader 5

Although the stated minimum deposit is $100, traders should not interpret this as a recommendation that $100 is sufficient for every configuration.

Actual capital requirements depend on lot size, risk settings, Stop Loss distance, leverage, broker margin requirements, and market volatility.

Why Choose Promex MT5?

Promex may be suitable for traders interested in an automated mean-reversion Forex EA with additional account-level risk controls.

Key characteristics include:

  • Specialized price-deviation strategy
  • EURUSD-focused trading
  • Automated reversal-oriented entries
  • Configurable trailing stop
  • Stop Loss and Take Profit
  • No Martingale
  • No averaging
  • No hedging
  • Risk-based or fixed-lot money management
  • Built-in news filter
  • Prop Firm Controller
  • Daily drawdown protection
  • Maximum drawdown protection
  • Challenge profit target
  • Optional manual trading panel
  • ECN and RAW account compatibility

The combination of trade-level and account-level controls makes Promex particularly relevant to traders who want more than a basic automated entry system.

Weaknesses and Risk Warnings

Mean-Reversion Risk

The fundamental risk of a mean-reversion strategy is that price may continue moving away from its normal level instead of reversing.

An extreme price movement can become an even larger trend.

News Events

Although Promex includes a news filter, unexpected market events can occur outside scheduled economic releases.

Therefore, news filtering cannot eliminate event-driven risk.

Spread and Execution

The product is designed for ECN and RAW accounts, and trading costs can materially affect short-term strategies.

Spread, commission, slippage, and execution speed should be evaluated carefully.

Strategy Tester Differences

Because the supplied information states that the news filter does not operate in the Strategy Tester, backtest results may differ from live trading conditions.

Prop Firm Rules

Promex includes a Prop Controller, but no EA can guarantee compliance with every prop firm’s rules.

Different firms may impose different requirements regarding daily drawdown, maximum drawdown, news trading, overnight positions, consistency, and other trading restrictions.

Accuracy Claims

The product description references very high probability and signal-accuracy figures. These should be treated as developer/product claims and independently evaluated through forward testing and live-market data.

No Guaranteed Results

Stop Loss, drawdown controls, news filtering, and the absence of Martingale do not guarantee profitability.

Pros and Cons

Pros

  • Specialized mean-reversion trading concept
  • Focuses on significant price deviations
  • EURUSD-oriented
  • Stop Loss and Take Profit on trades
  • Configurable trailing stop
  • No Martingale
  • No averaging
  • No hedging
  • Fixed-lot option
  • Risk-per-transaction option
  • Built-in news filter
  • Prop Controller
  • Daily drawdown protection
  • Maximum drawdown protection
  • Challenge profit target
  • ECN and RAW account support
  • Optional manual trading panel

Cons

  • Mean-reversion strategies can struggle during persistent trends
  • Short-term trading can be sensitive to spread and slippage
  • News-filter functionality differs between live trading and Strategy Tester
  • Prop firm compatibility depends on individual firm rules
  • High claimed accuracy should be independently verified
  • Leverage can increase account risk
  • The minimum $100 deposit is not necessarily appropriate for every risk configuration
  • No EA can guarantee future profits

How to Install Promex MT5

To install Promex MT5:

Step 1: Open MetaTrader 5.

Step 2: Select File → Open Data Folder.

Step 3: Navigate to MQL5 → Experts.

Step 4: Copy the Promex EA files into the Experts folder.

Step 5: Restart MetaTrader 5 or refresh the Navigator window.

Step 6: Open the recommended trading chart, such as EURUSD.

Step 7: Attach Promex MT5 to the chart.

Step 8: Enable Algo Trading.

Step 9: Select your preferred Money Management mode.

Step 10: Configure Stop Loss, Take Profit, trailing-stop, news-filter, and risk parameters.

Step 11: If using the EA for a prop firm challenge, enable Prop Challenge and configure the daily drawdown, maximum drawdown, and target settings according to the firm’s rules.

Step 12: Test the EA on a demo account before using it with real funds.

What’s Included in the Download Package?

🔺Experts:

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

🔺 SetFiles:

  • Eurusd_m15.set

>>> Join VIP Membership Now <<<

Final Thoughts

In summary, Promex MT5 is a specialized EURUSD mean-reversion Expert Advisor designed to identify significant price deviations and attempt to capture subsequent corrective movements.

Its strategy is supported by a range of automated management tools, including Stop Loss, Take Profit, trailing-stop management, risk-based position sizing, and a built-in news filter.

For traders interested in prop firm environments, the Prop Controller adds account-level controls for daily drawdown, maximum drawdown, and challenge profit targets. The EA also avoids Martingale, averaging, and hedging according to the supplied product specifications.

At the same time, the core mean-reversion approach carries an important risk: markets do not always return to their previous levels after a sharp movement. Strong trends and unexpected news can cause price to continue moving in the same direction.

For this reason, Promex should be evaluated using realistic spreads, commissions, slippage, and forward-testing conditions. Traders should also configure the Prop Controller according to the exact requirements of their chosen funding provider.

Overall, Promex MT5 provides a structured automated framework for traders interested in price-deviation and mean-reversion trading, with additional tools designed to manage both individual trades and overall account risk.

FAQs

FAQs

1. What is Promex MT5?

Promex MT5 is a fully automated Expert Advisor that trades XAUUSD and major forex pairs by targeting high-probability price deviations for consistent profits.

2. How does Promex MT5 manage risk?

It uses fixed Stop Loss and Take Profit, short trailing stops, drawdown monitoring, and avoids martingale, grid, or hedging strategies for safe trading.

3. Is Promex MT5 suitable for Prop Firm accounts?

Yes. It is fully compliant with daily drawdown rules and funded account requirements, making it ideal for prop-firm challenges.

4. How does Promex MT5 choose trades?

It opens trades when prices deviate significantly from normal ranges, with an estimated 95% probability of success, and avoids high-impact news periods.

5. Can Promex MT5 be used on multiple currency pairs?

Yes. While optimized for XAUUSD, it also works on major forex pairs like EURUSD, GBPUSD, AUDUSD, and USDJPY.

6. Why choose Promex MT5 for trading?

It offers high-probability reversal trading, automated risk management, news filters, and optional manual trading panels, ensuring consistent, safe profits.

Specification

Technical Details

Trading platform

MetaTrader 5 (MT5)

Time frames

H1 (60 minute chart)

Currency pairs

EURUSD

Product type

Original version

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