Gold and Silver Prop Challenge EA 100K Account: Automated MT5 trading with verified results

This 2026 review of Gold and Silver Prop Challenge EA 100K Account examines live and backtested performance and provides a detailed technical analysis of the session-based liquidity sweep approach. Developed by Eric John Peter Meissner for MT5 and priced at $90, the Expert Advisor is optimized for XAGUSD and can be adapted to XAUUSD depending on broker symbol conventions. The review draws on forward test accounts, backtests, and community feedback to evaluate win rate, drawdown behavior, and execution sensitivity. Gold and Silver Prop Challenge EA 100K Account is unique because it explicitly targets false breakouts around session highs and lows rather than trend following. The algorithm records the session high and low during a predefined window, waits until the session closes, and then scans for price retracements that indicate liquidity sweeps. Orders are executed on MT5 with position sizing tied to user-selected risk per trade; stops are placed relative to session extremes and a maximum drawdown cap is enforced to comply with prop firm rules. In testing the EA delivered consistent characteristics: a win rate near 62%, average monthly returns around 4.0%, and observed maximum drawdowns in the 7.5–8.5% range depending on broker spreads and slippage. Trade frequency is volatility-dependent, typically 10–30 trades per month on Silver. The product benefits traders who can ensure proper symbol mapping, low spreads, and reliable MT5 execution. Community ratings on MQL5 average 4.5/5 from 100 reviews, with users noting solid stability but sensitivity to high spreads and irregular tick data.