How to Set Up MetaTrader 5 for Phidias PropFirm

Connect MetaTrader 5 to your Phidias PropFirm account and configure the platform for Phidias PropFirm's static (floor never moves) rules. This guide covers connection, verification, and recommended risk settings.

Connection Steps

Create your Phidias PropFirm account

Sign up at https://phidiaspropfirm.com and purchase your evaluation. You will receive login credentials and a data feed connection string via email.

Download and install MetaTrader 5

Download MetaTrader 5 from the official website. Run the installer and follow the setup wizard.

Add the data feed connection

Open MetaTrader 5 and navigate to Connections or Data Feed settings. Add a new connection using the server address, username, and password from Phidias PropFirm.

Connect to the data feed and verify market data is streaming. Check that your account balance matches your Phidias PropFirm dashboard.

Configure risk settings

Set position size defaults, max order quantity, and any ATM strategies to prevent accidental oversizing that could breach Phidias PropFirm rules.

Recommended Settings for Phidias PropFirm

--Set a daily loss alert at 2.4% (80% of Phidias PropFirm's 3% limit) so you stop trading before the hard cap.
--Phidias PropFirm uses static drawdown. Your floor stays fixed at opening balance minus 6%. Set daily risk to stay well above that floor.
--Save your workspace template after configuring so you can restore it quickly if settings are lost.

Phidias PropFirm Rules at a Glance

Drawdown Type	Static (floor never moves)
Max Drawdown	6%
Daily Loss Limit	3%
Overnight Holding	Allowed
Weekend Holding	Allowed
News Trading	allowed

Try a Free Audit

Check a trade against Phidias PropFirm's rules for the $10,000 account. No sign-up required.

Phidias PropFirm$10,000Daily limit: $3Max DD: $6

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Direction

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Exit Price

P&L ($)

Phidias PropFirm Rules Drawdown Simulator Take the Quiz