MFXT PHANTOM X EA MT5 v2.0 + Setfiles

MFXT PHANTOM X – MT5 Trend-Following Gold (XAUUSD) Expert Advisor

MFXT PHANTOM X is a fully automated MT5 Expert Advisor built for XAUUSD (Gold), combining EMA trend alignment with ADX and ATR volatility filters to time entries. Supplied MT5 Strategy Tester reports for this EA show six-figure net profit from a $1,000 test deposit across thousands of trades, with drawdown held near 20-22%. The store delivers version 2.0, developed under the MFXT / Millionaire FX Trading brand.

⚡ Key Highlights

• 📈 Backtest reports show net profit of $105,061.50 (2,295 trades, 22.13% drawdown) and $121,871.98 (4,623 trades) from a $1,000 starting deposit.
• ⚙️ Trades XAUUSD using EMA10/EMA50/EMA200 trend alignment, filtered by ADX trend strength and ATR volatility conditions.
• 🛡️ Three risk-level setfiles (Low/Medium/High), auto or manual lot sizing, a configurable drawdown limit, and a news-time trading pause.
• 🔄 Uses auto-lot sizing and a single risk profile per trade rather than any documented grid or martingale progression.
• 🖥️ Built for MT5, designed for 24/5 continuous operation and best run on a VPS.
• ⚠️ A related live-monitored account for this Phantom X system recorded a 40.49% drawdown, showing that deep drawdowns are possible.

📊 Performance Results

Two MT5 Strategy Tester reports supplied for this EA document its backtested performance. The first, run on a $1,000 initial deposit, recorded a net profit of $105,061.50 over 2,295 trades, a profit factor of 4.17, and a maximum drawdown of 22.13%, at a modeling quality of 65.18%. The second report, also starting from $1,000, recorded a net profit of $121,871.98 over 4,623 trades with a relative drawdown of 20.67%. The 65.18% modeling quality on the first test means the tick data behind it was not full-precision, which is worth weighing when judging how closely this backtest can match live conditions.

A separate, officially linked Myfxbook account called [M] Phantom X Performance documents live trading under the MFXT / Millionaire FX Trading brand. At the time of checking, it showed a real USD account at VT Markets running on MetaTrader 4 with 1:500 leverage, a gain of +199.17%, and 3,937 trades at a 1.24 profit factor, with 79% of long trades and 78% of short trades closing profitably. This account trades on MT4, not MT5, and is not confirmed to be the exact v2.0 package sold here — treat it as related-version live evidence for the Phantom X strategy family, not direct proof of this MT5 listing.

Drawdown is the number to watch closely. The linked live account recorded a 40.49% drawdown against a $50,000 deposit base, with a single worst trade of -$7,153.28, and a profit factor of only 1.24 — meaning wins only modestly outweigh losses despite a high win rate. Buyers should size lots conservatively relative to account capital, particularly on the Medium and High risk setfiles, and expect drawdowns can exceed the 20-22% seen in the backtest reports. Backtest results can differ from live results because of spread, slippage, data, and execution, and the linked Myfxbook account reflects a related MT4 version rather than public verification of this exact MT5 v2.0 package.

⚙️ How It Works

Strategy: MFXT PHANTOM X trades XAUUSD using a trend-following approach built on EMA10, EMA50, and EMA200 alignment, filtered by ADX trend strength and ATR volatility conditions.

Entry: The EA looks for EMA10 above EMA50 above EMA200 (or the reverse for short setups), an ADX reading above a minimum threshold of 20, rising to 25 during the Asian session, and an ATR ratio above 0.70 against a 50-bar baseline. A moving-average band filter blocks entries when EMA10, EMA50, and EMA200 sit within 1,000 points of each other, which is intended to avoid range-bound, low-direction markets.

Position / Grid Management: Lot sizing runs on LotMode_Auto, which scales by account balance, or a manual fixed lot of 0.1, selected through the Low, Medium, and High risk setfiles. Each trade carries magic number 8888. The supplied settings show single-position auto-lot sizing rather than any documented grid or martingale-style lot progression, though the developer has not published separate documentation confirming position-management behavior across all market conditions.

Exit: The base configuration uses a fixed 500-point stop loss with take-profit set at 10 times the stop distance, plus an optional ATR-based dynamic stop using a 1.5 multiplier. A hidden trailing stop and an elastic take-profit setting adjust exits as a trade develops.

Risk Control: DDMode_Auto applies automatic drawdown control, with a manual 15% drawdown limit available as an alternative. A news filter pauses new entries 30 minutes before and after high-impact releases, and a session filter can skip the Sydney/Tokyo range (22:00-07:00 GMT) unless ADX exceeds 25.

Best Conditions: The filter stack targets trending Gold markets with adequate volatility; the ATR and ADX thresholds are designed to keep the EA out of quiet, sideways conditions.

Caution: News pauses and volatility filters reduce some exposure but do not eliminate drawdown risk. The related live account for this Phantom X system recorded a 40.49% drawdown, so position sizing should match the chosen risk setfile rather than assume the lowest-risk outcome.

🧩 Technical Specifications

🎯 Who Should Use This EA

Ideal for:

• Traders who want a fully automated XAUUSD system with built-in news-time and low-volatility filters.
• Traders comfortable choosing between Low, Medium, and High risk setfiles to match their own risk tolerance.
• Traders who can monitor an EA and accept that a related live account has shown drawdowns above 40%.
• Traders running MT5 on a VPS for uninterrupted 24/5 operation.

Best results when:

• Trading XAUUSD as intended, on a broker offering competitive Gold spreads and reliable execution.
• Account funded at or above the $500 recommended deposit and sized to the chosen risk setfile.

Not ideal for: traders who need documented proof of grid or martingale exclusion, cannot tolerate double-digit percentage drawdowns, or require independent live verification of this exact MT5 v2.0 build before deploying capital.

📦 Download Package Included

This purchase includes the following files:

Expert Advisor:

• MFXT PHANTOM X v2.0.ex5

SetFiles:

• MFXT PHANTOM_Low_Risk.set
• MFXT PHANTOM_Medium_Risk.set
• MFXT PHANTOM_High_Risk.set

Your download link will be sent to your email address automatically after purchase is confirmed.

❓ Frequently Asked Questions