🌐What is Pharaoh Gold MT4?
Pharaoh Gold is an automated trading system meticulously designed for XAUUSD (Gold), employing a disciplined, breakout-based entry logic combined with a strict emphasis on risk control. It utilizes fixed Lot Sizing and operates only during high-liquidity trading hours, making it suitable for traders prioritizing equity protection and consistency.
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🌐Parameter Breakdown and Interpretation
1. Expert Name: Pharaoh Gold
This identifies the EA version and strategy used, designed specifically for Gold (XAUUSD) trading.
2. Stop Trading if Equity Level: 10.0
The EA will automatically stop trading if account equity drops below 10% of the initial balance. This strong safeguard helps preserve capital during extreme market volatility — a vital feature for high-risk assets like gold.
3. Money Management Controls: false
Money management is disabled, meaning the EA uses fixed lot sizes instead of dynamic scaling. This gives traders full control over position sizing but requires manual risk calibration.
4. Percent of Equity to Risk: 0.01
When enabled, this setting would risk 1% of account equity per trade. Though currently inactive (since money management is off), it reflects a conservative default configuration focused on long-term survival.
5. Standard Lot Size: 0.01
A minimal starting lot size suitable for small accounts or testing environments. It ensures low exposure per trade, ideal for steady account growth.
6. Take Profit: 150 / Stop Loss: 60
A Risk-to-Reward Ratio of 1:2.5, indicating that the EA seeks to gain 150 points for every 60-point risk. This configuration favors trend continuation setups while keeping losses limited.
7. Magic Number: 7557
A unique identifier that prevents order conflicts when multiple EAs or manual trades run on the same account.
8. Use Trailing Stop: false
Trailing Stop is disabled — this shows that Pharaoh Gold EA relies on fixed take-profit and stop-loss targets rather than dynamic trailing logic. It focuses on clean, rule-based exits.
9. Start Trade After Breakout is Reached: 45.0
This feature indicates a breakout confirmation system — trades are only triggered after the market moves 45 points beyond a predefined threshold, helping filter false signals and improving entry accuracy.
🌐Time Management and Trading Sessions
10. Start Trades After Time: 3 | Stop Trading After Time: 16
The EA operates only between 03:00 and 16:00 server time, covering the London and early New York sessions, when Gold liquidity and volatility are highest. This ensures optimal conditions for scalping or breakout trades.
11. Use Friday Close All / Friday Stop Trading: false
These features are turned off, meaning the EA can continue trading late into Friday. While this allows more opportunities, traders should monitor potential weekend gaps manually.
12. Friday Close Time: 21:30 / Friday Stop Trading Time: 19:00
Though disabled, these parameters are well-designed for optional weekend risk management, allowing flexibility for traders who want automated Friday shutdowns.
🌐Strategic Insights
The Pharaoh Gold EA setup demonstrates a disciplined, semi-automated trading framework focusing on:
- Controlled exposure through fixed lots and strict stop losses
- Defined trading hours that align with high-liquidity Gold sessions
- Equity protection that automatically halts trading when drawdown exceeds safety limits
This makes it particularly suitable for funded accounts, low-risk investors, or traders seeking consistency over high-frequency profits.
🌐Final Verdict
The Pharaoh Gold EA offers a stable and well-balanced trading configuration for Gold traders who value risk management, equity protection, and structured trading hours.
With its breakout-based entry logic, clear profit targets, and optional Friday controls, this EA provides a disciplined environment for sustainable long-term growth — especially when run on a VPS and paired with a low-spread broker.
