Recommended Setup & Trading Tips

"To all users of Gold Pharaoh MT5, here are the recommended configurations to ensure the best performance on Gold (XAUUSD):

1. Risk vs. Reward Balance: Gold is known for its high volatility (Market Noise). If you are using a 0.04 Lot, a $10 Stop Loss is considered very tight (approx. 25 pips). We recommend increasing the SL_Cash to $20 - $25 when using higher lots to prevent the trade from closing prematurely due to normal price fluctuations.

2. Optimal Settings (Standard Account):

• Lot Size: 0.02 to 0.04 (Depending on your equity).

• Take Profit (TP_Cash): Should be 1.5x to 2x your Stop Loss (e.g., if SL is $15, set TP to $30).

• Trailing Start: Recommended to start at $7 - $10 to secure profits early while letting the trade breathe.

3. Strategy Insights: This EA is designed for Daily Breakouts. It performs best during high liquidity sessions (London & New York). Avoid changing settings during major high-impact news unless you are an experienced trader.

Feel free to share your results or ask any technical questions here!"

"Want the best Optimization files for different account sizes? Leave a comment with your experience so far, and I will share more detailed set files for $100, $500, and $1000 accounts. Don't forget to rate the EA with 5 stars if you like the performance! ⭐⭐⭐⭐⭐"