Phantom Cent EA
- Experts
- Version: 1.5
- Activations: 10
PHANTOM CENT - Gold Breakout Expert Advisor (MT5)
PHANTOM CENT is a pending-order breakout Expert Advisor for Gold (XAUUSD). It is recommended for use on cent accounts.
HOW IT WORKS
- A Buy Stop and a Sell Stop are placed around the current price. When one order triggers, the other is cancelled.
- Every trade has a fixed take profit.
- If price moves against the trade, optional recovery layers can be added. One group take profit closes the whole basket together, and a new pair is then placed.
- A spread filter and trading-hours filter control when new trades may start.
- A live on-chart dashboard shows balance, equity, drawdown and open trades.
- After a restart or reconnection, the EA picks up its open cycle again.
RECOMMENDED SETUP
- Symbol: Gold (XAUUSD). Use your broker's Gold symbol name.
- Account type: cent account (recommended).
- Risk level: choose LOW RISK or MEDIUM RISK in the inputs. LOW RISK uses a 0.01 lot and MEDIUM RISK uses a 0.02 lot.
- Leverage: use the maximum available leverage (up to 1:2000).
MINIMUM BALANCE (cent account)
The balance must grow in the same proportion as the lot size.
- 0.01 lot (LOW RISK): 60,000 USC (equal to 600 USD)
- 0.02 lot (MEDIUM RISK): 120,000 USC (equal to 1,200 USD)
- 0.04 lot: 240,000 USC (equal to 2,400 USD)
- For any other lot size: 60,000 USC for every 0.01 lot
A smaller balance increases the chance of a large drawdown, because recovery layers increase position size.
INPUTS
- Risk level (LOW RISK / MEDIUM RISK)
- Lot size
- Magic number
- Max spread
- Trading start and end hour
IMPORTANT RISK WARNING
Recovery layers increase position size and carry high risk. On a standard account the same lot size carries about 100 times more dollar risk than on a cent account, so check the lot size carefully. Trading involves risk, and results are not guaranteed. Past results do not guarantee future performance. Never trade with money you cannot afford to lose. Test the EA on a demo account first.
