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Phoenix Gold Trader

XAUUSD H4  --  Free Expert Advisor  --  Phoenix Labs

Phoenix Gold Trader is a free automated trading system for XAUUSD on the H4 timeframe. Seven independently developed strategies run simultaneously under a single magic-number scheme, so they operate without order collision on the same chart. No configuration is required beyond setting your lot size.

The system has been tested against ten years of Darwinex tick data with a spread of 40 points. The equity curve is near-linear across the full period, with a maximum drawdown of 1.77% against a net return of 64.7%.

Each strategy uses a different indicator combination to ensure low entry correlation across the portfolio:

-       OsMA crossover + DeMarker confirmation

-       Williams Percent Range + Bulls Power

-       MACD signal cross + ADX exit

-       Bollinger Bands breakout and mean-reversion exit

-       Awesome Oscillator momentum + Bollinger Bands exit

-       Awesome Oscillator + ADX filter + Pin Bar exit

-       Alligator trend + Stochastic exit

A dark terminal panel renders on the chart at one-second refresh. It shows balance, equity and floating P&L, open positions and lots, floating profit and live spread, daily drawdown with colour coding (normal / amber above 2% / red above 5%), and live news filter status. No toggle required -- the panel is always on.

All protections default to zero (disabled). Enable selectively:

-       Max spread -- reject entries above N points

-       Max open positions and max open lots

-       Max daily loss and max daily drawdown percentage

-       Daily reset hour for counter rollover

-       Min equity floor and max equity drawdown from peak

-       Max equity ceiling -- closes all positions and stops

When enabled (default), the EA blocks new entries in the two minutes before and five minutes after any high-impact USD news event, using the MetaTrader 5 economic calendar. Medium-impact events are excluded from filtering by design. Panel row 6 shows live filter status.

-       Download PhoenixGoldTrader.mq5 from the Files tab

-       Open MetaEditor 5 and compile -- produces PhoenixGoldTrader.ex5

-       Attach to a XAUUSD H4 chart on a MetaTrader 5 hedging account

-       Enable AutoTrading -- panel appears within one second

-       Set Entry_Amount to suit your account size. All other inputs optional.

-       MetaTrader 5 -- hedging account mode

-       XAUUSD symbol, H4 timeframe

-       Minimum lot size 0.01

-       AutoTrading enabled

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Only risk capital should be used for trading. Past backtest performance is not indicative of future live results.

Phoenix Labs  --  PhoenixGoldTrader v5.0  --  May 2026