Pegasus Gold Account Checker
- Indicators
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Hideki Takane
I am a full-time trader specializing in both algorithmic and discretionary trading.
My primary markets are GOLD (XAUUSD) and BTCUSD, while I also actively trade Forex currency pairs. My trading strategies range from day trading to swing trading, adapting to different market conditions. - Version: 1.1
- Updated: 8 November 2026
PEGASUS GOLD Account Checker is a free indicator that helps you determine whether your trading account and trading conditions are suitable for running PEGASUS GOLD EA, an automated trading system designed for GOLD (XAUUSD).
Trading conditions vary between brokers. This indicator checks key account specifications, including leverage, spreads, contract size, and swap conditions, and presents the results in an easy-to-read panel directly on your chart.
Recommended Trading Account Conditions
For optimal compatibility with PEGASUS GOLD EA, we recommend an account with the following characteristics:
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Leverage: 1:500 or higher
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Spread: 35 points or less for GOLD quoted to 2 decimal places, or 350 points or less for 3 decimal places
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Hedging Support: Simultaneous BUY and SELL positions must be supported
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Trading Commissions: Commission-free trading
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Swap Conditions: No negative swap charges on BUY positions (swap-free accounts recommended)
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Account Type: MT5 Hedging account (Netting accounts are not recommended)
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Economic Calendar: Access to the built-in MT5 Economic Calendar data
These are recommended trading conditions, not absolute requirements for every aspect of EA operation.
GOLD spreads can widen significantly during certain trading sessions or periods of market volatility. An account offering consistently tight and stable spreads is therefore preferable.
What Does the Indicator Check?
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Leverage: Below 1:50 — Unsuitable; 1:50 to below 1:200 — Caution; 1:200 or higher — Meets the basic requirement.
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Spread: Automatically identifies the number of decimal places in GOLD quotes and evaluates the current spread.
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Contract Specifications: Checks the contract size per lot, minimum trade volume, and volume step.
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Account Mode: Verifies whether the account supports hedging.
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Trading Commissions: Users specify whether their account charges trading commissions.
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Swap Conditions: Automatically retrieves and checks GOLD swap information. If automatic retrieval is unavailable, users can select the applicable swap conditions manually.
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Additional Checks: Verifies MT5 Economic Calendar availability and the information required for account currency conversion.
Four Possible Assessment Results
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Suitable: The account meets the main compatibility requirements.
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Caution: One or more trading conditions require attention.
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Unsuitable: The account fails to meet important requirements.
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Not Evaluated: The overall assessment is pending because commission information or required manually selected swap information has not yet been provided.
Automatic GOLD Spread Detection
The indicator automatically adjusts its spread thresholds based on the number of decimal places used in the GOLD quote.
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2 decimal places: Ideal spread — 35 points; upper limit — 80 points
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3 decimal places: Ideal spread — 350 points; upper limit — 800 points
No manual spread configuration is required.
A spread above the recommended level does not automatically mean that trading is impossible. Always review the assessment and your actual trading conditions.
How to Use
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Open a GOLD chart in MetaTrader 5.
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Attach PEGASUS GOLD Account Checker to the chart.
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Specify whether your account charges trading commissions in the indicator settings.
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If swap information cannot be retrieved automatically, select your account's swap conditions manually.
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Review the overall assessment and individual check results on the panel.
The panel can be positioned in any of the four chart corners and can be expanded or collapsed as needed.
Important Information
This indicator is intended solely to help assess account compatibility with PEGASUS GOLD EA. It does not open, modify, or close trades.
A "Suitable" result does not guarantee profitability, protection against losses, or successful execution of every order.
Even if an account meets all recommended conditions, future spreads, execution quality, and swap charges may change.
If you enter swap conditions manually, make sure they match your broker's actual specifications. Some swap-free accounts may charge separate overnight holding or administration fees.
Always verify your broker's trading specifications and restrictions before using an EA.
Platform: MetaTrader 5
About PEGASUS GOLD EA
PEGASUS GOLD EA is coming soon!
Thank you for your interest. Stay tuned for its upcoming release.
