Description:

Original website: you will easily find it on the Google

Original Price: $ 2500

Content: 

MT5 VERSION

This EA works on MT5 Terminal Build 6201+

ORIGINAL VERSION,THIS IS AN ORIGINAL VERSION

ORIGINAL VERSION,THIS IS AN ORIGINAL VERSION

FULL ITEM DESCRIPTION

Phanton Gold Pro EA MT5 – Advanced XAUUSD Pivot Breakout Trading System + 2 SetFiles

Precision Gold Breakout Trading with ATR-Based Risk Management and Advanced Session Controls

Phanton Gold Pro EA MT5 is an automated gold trading Expert Advisor designed for MetaTrader 5, combining pivot-based breakout entries with volatility-adjusted trade management, flexible lot sizing, and advanced account protection settings.

Developed for XAUUSD trading, the system analyzes confirmed pivot highs and lows to identify potential breakout levels. It uses these reference levels to establish trading opportunities through configurable pending-order execution.

What makes Phanton Gold Pro particularly interesting is its extensive customization. Traders can choose between ATR-based and fixed-distance trade management, configure trailing stops, control position sizing, monitor drawdown limits, and restrict trading to selected sessions.

The package includes two SET files: Low Risk and Medium Risk, providing alternative starting configurations for testing and optimization.

Key Features

• Automated XAUUSD Gold Breakout Trading
• MetaTrader 5 Expert Advisor
• Pivot High and Low Detection
• Confirmed Pivot Breakout Levels
• Pending Order Entries
• Pending Order Expiration
• ATR-Based Stop Loss and Take Profit
• Fixed-Distance Exit Mode
• Configurable Trailing Stop
• Fixed Lot and Percentage-Based Risk Sizing
• Equity-Based Position Sizing Option
• Free Margin Lot Limitation
• Margin Level Monitoring
• Daily Drawdown Protection Option
• Trading Session Restrictions
• GMT Trading Window
• Rollover Protection
• Weekend Position Closing
• Adjustable Spread Controls
• Two Included SET Files
• EX5 Expert Advisor Format
• Unlimited Version Listed

How Does Phanton Gold Pro EA MT5 Work?

Phanton Gold Pro uses a structured breakout approach based on confirmed price pivots.

The Expert Advisor scans historical price bars to identify significant highs and lows, then constructs breakout reference levels from those points.

Rather than trading every short-term price movement, the system looks for price to move beyond configured pivot levels.

Step 1 – Detect Confirmed Pivot Levels

The EA analyzes historical bars using configurable confirmation parameters.

A pivot high or low is identified according to the surrounding price action and the selected confirmation window.

A minimum separation requirement helps control the spacing between relevant pivot levels.

Step 2 – Establish Breakout Entry Levels

Once the EA identifies qualifying pivot levels, it calculates potential breakout entry prices.

Pending orders are used to prepare entries at the configured breakout distances.

These orders can expire after a selected period, helping prevent older trading setups from remaining active indefinitely.

Step 3 – Apply Volatility-Based Trade Management

Phanton Gold Pro can use Average True Range (ATR) to determine breakout and exit distances.

ATR measures recent price volatility and allows trading distances to adjust according to market conditions.

When ATR mode is disabled, traders can use fixed-distance parameters instead.

Step 4 – Manage Positions and Account Exposure

After a trade is opened, the EA manages the position using its configured Stop Loss, Take Profit, trailing-stop, and position-sizing rules.

Additional controls can restrict new trading activity, monitor account drawdown, and manage exposure around trading-session boundaries.

Advanced Pivot High and Low Breakout Strategy

Pivot-based trading focuses on price levels where the market has previously formed meaningful local highs or lows.

Phanton Gold Pro analyzes these price structures and uses them as reference points for breakout opportunities.

The EA includes configurable settings for:

• Pivot confirmation windows
• Historical scanning range
• Minimum distance between pivots
• Breakout entry distances
• Pending order expiration

This approach provides a rules-based framework for identifying and trading potential breakouts.

However, pivot levels are not guaranteed to hold or produce sustained price movements. False breakouts remain a significant risk.

ATR-Based Dynamic Trade Management

One of the EA’s most flexible features is its optional ATR-based calculation system.

ATR can be used to scale:

• Breakout distances
• Stop Loss distances
• Take Profit distances
• Trailing-stop parameters

When volatility increases, ATR-derived distances can expand. When volatility decreases, they can contract.

This allows the trading configuration to respond to changing market conditions without relying exclusively on fixed point values.

ATR adjustment does not guarantee profitable entries or protection against sudden market movements.

Fixed-Distance Trading Mode

Phanton Gold Pro also includes a legacy fixed-distance mode.

In this configuration, traders manually define the relevant distances instead of calculating them from ATR.

This can be useful for traders who prefer to test specific breakout and exit parameters.

Both approaches can be evaluated in the MetaTrader 5 Strategy Tester.

Intelligent Trailing Stop Functionality

The EA includes an optional trailing-stop system.

Traders can configure the trailing activation distance and adjustment step.

Once the configured conditions are met, the trailing stop can follow favorable price movements.

This feature may help manage open positions, although trailing stops can also close trades during temporary price retracements.

Flexible Position Sizing

Phanton Gold Pro supports different money-management approaches.

Fixed Lot Mode

Traders can configure a predefined lot size for each trade.

Percentage-Based Risk Mode

Position volume can be calculated according to a selected risk percentage.

The EA also includes options to use account equity and restrict volume according to available free margin.

These settings should be reviewed carefully because incorrectly configured risk percentages or instrument specifications can result in excessive exposure.

Daily Drawdown and Margin Protection

Phanton Gold Pro includes optional account-protection controls intended to support disciplined risk management.

Daily Drawdown Limit

A configurable daily drawdown parameter can be used to restrict trading activity when the selected loss threshold is reached.

Margin Level Monitoring

The EA includes margin monitoring and configurable margin-related exit behavior.

These features may be useful for traders working with strict account-risk rules.

Important: These protections must be explicitly configured and tested. They should not be assumed to be active in every supplied preset, and execution conditions can prevent exact adherence to a loss threshold.

Advanced Trading Session Controls

Phanton Gold Pro provides several scheduling features designed to control market exposure.

GMT Trading Window

Trading activity can be restricted to a selected GMT-based time range.

Session Restrictions

The EA can block entries outside the intended market session.

Rollover Protection

A configurable rollover filter can help avoid initiating trades during selected periods when spreads and liquidity conditions may deteriorate.

Weekend Closing

The system includes an option to close positions before the weekend.

This feature is intended to reduce exposure to weekend price gaps, although it cannot guarantee execution at a specific price.

Historical Backtesting Performance

The supplied product information includes three historical backtesting summaries for XAUUSD.

Backtest 1 – $200 Initial Deposit

Backtest 2 – $500 Initial Deposit

Backtest 3 – $1,000 Initial Deposit

Backtesting Notice: These are publisher-supplied historical figures and have not been independently verified. The reports reference H1 testing, while the product’s recommended operating timeframe is M5. This distinction should be considered when evaluating the results.

Historical simulated results do not guarantee future performance, and the listed drawdown figures indicate meaningful account risk.

Recommended Trading Conditions

The minimum deposit and leverage values are publisher recommendations, not guarantees of adequate capital or trading suitability.

Included SET Files

Gold Low Risk

Gold_Low Risk.set

A configuration file labeled for lower-risk gold trading.

Gold Medium Risk

Gold_Medium Risk.set

A configuration file labeled for medium-risk gold trading.

These labels describe the supplied presets. The actual position sizing, drawdown exposure, and trading parameters should be inspected before use.

Product Download Package

Expert Advisor

• Phanton Gold Pro.ex5

SET Files

• Gold_Low Risk.set
• Gold_Medium Risk.set

Trading Platform: MetaTrader 5
Market: XAUUSD
License: Unlimited Version (as listed)
Source Code: MQ5 source code is not specified.

Installation Instructions

1. Launch MetaTrader 5.
2. Select File → Open Data Folder.
3. Open the MQL5 → Experts directory.
4. Copy Phanton Gold Pro.ex5 into the Experts folder.
5. Restart MetaTrader 5 or refresh the Navigator.
6. Open an XAUUSD chart on the intended timeframe.
7. Attach the Expert Advisor to the chart.
8. Load the preferred Low Risk or Medium Risk SET file.
9. Review ATR settings, pivot parameters, lot sizing, margin controls, and daily drawdown limits.
10. Verify GMT offsets, session restrictions, rollover settings, and weekend closing rules.
11. Enable algorithmic trading and test the system in the Strategy Tester and on a demo account.

Final Overview

Phanton Gold Pro EA MT5 combines pivot-based breakout analysis with extensive trade-management and account-control features.

Its ability to switch between ATR-based and fixed-distance settings, together with optional trailing stops, drawdown controls, and session filters, makes it a configurable solution for traders exploring automated XAUUSD breakout strategies.

The two included SET files offer different starting configurations for testing and optimization.

Risk Warning: Automated gold trading involves substantial financial risk. Backtests are simulations, and stop losses, drawdown settings, and margin controls cannot eliminate losses or guarantee profitable results. Review all settings and test the EA before live deployment.