Core Phantom X

Core Phantom X - XAUUSD SMC

Core Phantom X brings market structure, configurable exposure and automated position management into a single Gold trading system for MetaTrader 5. Its architecture combines confirmed swing analysis, directional entry filters and tick-driven trade management, with an integrated dashboard for direct monitoring.

The signal engine is fixed internally to PERIOD_H1, keeping the analysis timeframe consistent across chart configurations.

Market Structure Engine

The structure engine identifies confirmed swing highs and swing lows using a configurable pivot sensitivity. A pivot must satisfy strict high or low comparisons against the surrounding bars before becoming a reference level.

Directional signals are generated when price breaks a confirmed structural level. With close confirmation enabled, the break is evaluated against the completed H1 candle's closing price. The engine distinguishes continuation breaks, displayed as BOS, from changes in structural direction, displayed as CHoCH.

QML levels are derived from preceding swing references following a change in structural direction, completing the chart's visual structure map.

Entry Qualification and Execution

A structural signal is evaluated against the enabled entry filters and position limits before an order request is submitted.

• Fair Value Gap filter: checks for a recent directional three-candle price imbalance.
• Order Block filter: checks for a recent candle opposing the intended trade direction within its search window.
• Position limits: control the number of simultaneous main positions.
• News protection: restricts new exposure during configured event windows.

Main entries use market execution: Ask for buy requests and Bid for sell requests. Before submission, the execution layer checks symbol trading permissions, available margin, permitted volume and broker price constraints.

Position Sizing and Exposure

Three sizing methods are available:

• Fixed Lot: uses the specified order volume, subject to volume and exposure constraints.
• Auto Risk: calculates a balance-scaled volume using the selected profile.
• Risk %: calculates volume from the selected percentage of account balance and the estimated one-lot loss between the entry price and initial stop loss, using broker symbol specifications.

Calculated volumes are constrained by the EA's exposure checks, the configurable maximum lot per order, and the broker's volume limits and increments. A maximum-lot value of zero leaves the broker's maximum-volume limit in effect.

Auto Risk provides selectable balance-scaling profiles; Risk % sizes the main position from its initial stop distance. The default Auto Risk profile is Extreme. Each order remains subject to the broker's minimum volume and lot increment.

Stop Loss, Take Profit and Trailing

The initial stop loss can use either a fixed point distance or the latest confirmed opposing swing with an additional buffer. The initial take profit can use a fixed point distance or a multiple of the initial entry-to-stop distance.

Trailing management is evaluated on incoming ticks independently of H1 signal generation. Favorable movement is measured using the executable closing quote: Bid for buys and Ask for sells.

The trailing model uses three independent parameters: activation distance, initial profit lock and step size. With the default 600 / 200 / 300-point configuration, the first stop target locks 200 points once favorable movement reaches 600 points. Each additional 300-point interval advances the stop target by another 300 points.

The trailing algorithm advances the stop in the favorable direction and checks broker stop-distance and freeze constraints before requesting a modification. During trailing updates, the take-profit level may also be extended to maintain the implemented quote-distance clearance. All distance parameters use the broker symbol's points.

Scale-In Management

Optional scale-ins add exposure in the direction of favorable price movement. Eligibility depends on price distance, elapsed holding time, the configured addition limit, available margin and an exposure projection using existing position stops.

The default configuration permits one additional position after a minimum holding period of 60 seconds, subject to a 200-point distance condition and the remaining checks. Scale-in eligibility is separate from trailing activation.

On MT5 hedging accounts, additions carry a parent-position reference in their order comment. They are opened without individual broker-side SL or TP and use EA-managed linked closure when the main position closes. This management runs while the terminal is online. On netting accounts, the EA operates without separate scale-in positions.

News Protection and Monitoring

On demo and live accounts, the news filter uses the MT5 economic calendar for NFP, CPI and FOMC event families. Pre-event and post-event exclusion windows are configurable independently. Required calendar data being unavailable pauses new entries and scale-ins; existing-position management continues when trading conditions permit.

The dashboard displays account information, EA statistics, spread and structural references. Server time reflects the terminal's latest quote; local time is taken from the hosting PC or VPS.

Account Requirements

• Platform: MetaTrader 5 on a continuously running Windows PC or Windows VPS.
• Instrument: the broker's XAUUSD / Gold symbol.
• Signal timeframe: H1, fixed internally.
• Minimum starting capital: $100, with sufficient margin for the broker's minimum Gold volume and selected configuration.
• Minimum leverage: 1:100.
• Recommended account: Standard, with hedging enabled for scale-in functionality.
• Recommended account currency: USD for the $100 starting configuration.
• Small-account volume requirement: Gold trading from 0.01 lot.
• Operation: algorithmic trading enabled, an active connection and sufficient free margin for the selected exposure.

For the complete main-position and scale-in workflow, select a Standard account configured in MT5 hedging mode.

Configuration and Support

Attach one instance to the broker's Gold chart, review sizing and management parameters, and use a distinct Magic Number when separating instances. The H1 chart is recommended for viewing the strategy's structure.

The Propfirm sizing profile, configurable maximum lot and optional capital-protection settings provide controls for adapting exposure to your account requirements. Configuration assistance is available through MQL5 private messages and product comments.

Trading Gold and CFDs involves risk of capital loss. Profits and compliance with prop-firm rules are not guaranteed.