🔥 PHOENIX FX GOLD — Expert Advisor v2.0
by Worldinversor 2026 | Smart Money Concepts Strategy for XAU/USD
📌 OVERVIEW
Phoenix FX Gold is an algorithmic trading Expert Advisor (EA) developed exclusively for the XAU/USD (Gold) pair, optimized for trading on the M1 and M5 timeframes. Its core is based on the Smart Money Concepts (SMC) methodology, combining institutional liquidity detection, price action patterns, and a confluent filtering system to identify high-probability entries.
With a recommended initial capital of $500 USD and trading on IC Markets (an ECN broker with ultra-thin spreads), the EA is designed to maximize entry accuracy while maintaining strict and professional risk management.
⚙️ SIGNAL ENGINE — ENTRY SYSTEMS
The EA features 7 signal detection systems that operate in parallel:
1. Liquidity Sweeps: Detects areas where the price sweeps through previous liquidity levels (swing lows/highs) with confirmation from a reversal candlestick. Includes validation by minimum sweep size and wick ratio.
2. Fair Value Gaps (FVG): Identifies price imbalances between non-adjacent candlesticks (fair value gaps), both bullish and bearish, looking for entries when the price returns to mitigate these zones.
3. Trendline Liquidity Sweep: Draws dynamic trend lines on pivots and detects when the price momentarily breaks through them and returns, generating an entry signal in the opposite direction of the breakout.
4. Inducement Sweep: Detects inducement levels (local trap lows/highs) and triggers a reversal when the price sweeps through them and closes above/below the level.
5. Harami Pattern: A two-candle pattern where a smaller candlestick is contained within the body of the larger candlestick, indicating exhaustion and a possible reversal.
6. Tweezer Tops/Bottoms: Detects double highs or lows with a configurable tolerance in pips, a classic price rejection signal in key areas.
7. Marubozu: Full-bodied candlesticks (no wicks or minimal wicks) that indicate strong momentum and directional dominance.
🔍 CONFLUENT FILTER SYSTEM
All entries pass through a triple technical filter system with configurable confluence:
Stochastic (5/3/3) — Filters overbought/oversold conditions; Validates %K vs %D direction
Momentum (14 periods) — Confirms that the momentum is aligned with the signal (>100 for buys, <100 for sells)
Williams %R (14 periods) — Confirms overbought/oversold conditions, complementing the Stochastic Oscillator
The MinFiltersToPass parameter defines how many filters must be confirmed simultaneously to enable entry (configurable from 1 to 3).
🏦 DRAW ON LIQUIDITY (DOL) — INSTITUTIONAL TARGETS
The Expert Advisor (EA) maps the main institutional liquidity pools in real time as price targets:
PDH / PDL — Previous day's high and low
SWH / SWL — Structural swing high and low
EQH / EQL — Equal highs and lows with configurable tolerance
These levels are displayed on the chart and serve as a reference for projecting where the price is headed.
💰 RISK MANAGEMENT
Parameter Default Value
Risk Mode Fixed % of Balance
Risk per Trade 1% of Balance
Maximum Daily Loss 10% of Balance
Stop Loss 20 pips
Take Profit 60 pips (RR 1:3)
Minimum Risk/Reward Ratio 1.2
Maximum Simultaneous Positions 5
Maximum Total Volume 5 lots
Maximum Margin Usage 30%
Minimum Free Margin 50%
With $500 USD of initial capital, the EA trades in automatically calculated lot sizes to avoid exceeding 1% risk per trade (~$5 per trade), allowing it to absorb drawdowns without jeopardizing the account.
🛡️ ACTIVE PROTECTIONS
Trailing Stop — Activates at 8 pips of profit, with 4-pip increments
Break Even — Moves the Stop Loss to the entry point upon reaching 10 pips of profit, ensuring a minimum profit of 2 pips
Daily Loss Limit — The EA automatically stops if the loss exceeds 10% for the day
Spread Control — Blocks entries if the spread exceeds 50 pips (configurable)
Margin Control — Does not trade if the free margin falls below 50%
Turbo Mode — Multiplies the lot size by 1.5x and extends the signal lookback (enabled by default, configurable)
🖥️ PROFESSIONAL VISUAL PANEL
The EA includes a real-time information panel directly on the chart with:
Balance, equity, and open PnL
Daily PnL and trade statistics
Latest signal detected with direction, entry, stop loss, and take profit
Status of active filters
Visualization of zones (sweeps, FVGs, DOL, trend lines) with gold/crimson color coding
🏆 RECOMMENDED BROKER — IC MARKETS
IC Markets is the ideal broker for this EA for the following reasons:
XAU/USD spreads from 0.0 pips on Raw Spread (ECN) accounts
Ultra-fast execution (~40ms average) — critical for M1/M5 timeframes
No requotes — pure market execution
Leverage up to 1:500 on XAU/USD
MetaTrader 5 compatible — the EA's native platform
No restrictions for EAs — Scalping and high-frequency trading allowed
📋 RECOMMENDED SETTINGS TO GET STARTED Pair: XAU/USD (Gold)
Timeframe: M1 or M5
Starting Capital: $500 USD
Risk Mode: RISK_FIXED_PERCENT
Risk per trade: 1%
Maximum daily loss: 10%
Turbo Mode: Enabled
Minimum Filters: 1
Trailing Stop: Enabled
Break Even: Enabled
Phoenix FX Gold © 2026 — Worldinversor. Developed for professional algorithmic trading in precious metals markets.
