GoldSurge Phantom

GoldSurge Phantom

Overview:

Set Files:

• Low Frequency set
• High Frequency set

Key Features:

• Breakout Trading Strategy: Utilizes historical price data to identify key levels for breakouts, ensuring precise entry points that capitalize on market momentum.

• Enhanced Trailing Stop & Break-Even Functionality: Introduces a highly customizable trailing stop and break-even feature, allowing traders to secure profits and manage risks dynamically as trades progress.

• Hidden Pending Orders: Executes trades based on hidden pending orders, reducing the likelihood of unfavorable broker manipulation and improving spread filtering accuracy.

• Dynamic Risk Management: Offers flexible trade size calculations, including fixed lot sizes and percentage-based risk settings, tailored to various trading styles and risk tolerances.

• Breakout Buffer: Adds a buffer to breakout levels, filtering out false breakouts and ensuring trades are triggered only on significant price movements.

• Broker Commission Buffer: Adjusts for broker commissions, making trade outcomes more consistent and reliable by accounting for additional costs.

• Max Drawdown Protection: Automatically halts trading and provides warnings when the predefined maximum drawdown limit is reached, safeguarding the trading account.

• UI Updates: Continuously updates the user interface with real-time account metrics and EA status, ensuring traders have all the necessary information at their fingertips.

Input Settings:

• Trailing Stop: Set the trailing stop distance in points to secure profits as trades move in your favor.

• Use Trailing Stop & Break-Even: Toggle to enable or disable both trailing stop and break-even functionalities.

• Breakout Buffer: Define a buffer value to prevent false breakouts and improve trade entry accuracy.

• Trade Frequency: Choose between low and high trade frequency modes to match your trading style.

• Money Management:

  • Fixed Lot Size: Specify a fixed lot size for each trade.
  • Trade Size Percentage: Set the trade size as a percentage of the account balance for proportional risk management.

• Magic Number: Assign a unique identifier for the EA’s trades to track performance easily.

• Order Comment: Customize comments for trade orders for better organization and analysis.

• Drawdown Settings:

  • Use Max Drawdown: Enable or disable maximum drawdown protection.
  • Max Drawdown Percentage: Set the maximum allowable drawdown as a percentage of account equity.

• Chart Settings: Customize the chart background color for improved visualization.

• Spread Filter Settings: Define the maximum allowable spread to ensure optimal trading conditions and avoid costly slippage.

Broker Recommendations:

For optimal performance, it is recommended to use GoldSurge Phantom with a broker offering low spreads and fast execution speeds. These conditions minimize trading costs and maximize profit potential, particularly in the volatile gold market where spreads can vary significantly.

Trading Pair and Timeframe:

• Trading Pair: XAUUSD (Gold)
• Timeframe: 1-Hour (H1)

Conclusion:

GoldSurge Phantom is a powerful EA designed for traders aiming to capitalize on breakout opportunities in the gold market. With comprehensive risk management features and customizable settings, it is suitable for both novice and experienced traders. Pair it with a low spread broker to fully leverage its capabilities and achieve optimal trading results.