Tired of shelling out hundreds of bucks for a “proven” trading robot that underdelivers? You’re not alone. In the gold scalping world, overpriced EAs can drain your wallet faster than they fill it. Enter Pharaoh Gold EA V1.7, the latest free Expert Advisor from YoForex designed specifically for XAUUSD on the M5 chart. It’s fully back-tested, live-market verified, and—best of all—completely free on MQL5.software. No catch, no hidden fees… just a powerful scalper that aims to capture micro-moves in gold with precision. Let’s dive into why Pharaoh Gold EA is about to become your go-to tool for gold scalping.

Overview

Pharaoh Gold EA V1.7 is a nimble, ultra-lightweight Expert Advisor built to exploit the smallest price oscillations in XAUUSD on the five-minute (M5) timeframe. Developed by the seasoned team at YoForex, this EA leverages a combination of price-action filters and adaptive trailing stops to lock in profits while minimizing drawdown. Unlike bulky multi-indicator bots, Pharaoh Gold EA keeps it simple: pinpoint entry zones based on short-term volatility, then let a smart trailing mechanism handle the rest.

Under the hood, it uses a proprietary algorithm that constantly calibrates itself to current market conditions. This means it’ll adapt if volatility spikes or slumps—coz no two trading days are the same. And yes, it’s been stress-tested across multiple gold market pulses from 2019 to 2024, showing consistent performance even during major news events. Whether you’re a seasoned pro or just dipping your toes into automated trading, Pharaoh Gold EA offers a clean, straightforward approach that’s hard to beat.

Key Features

• +1–2% daily profit targets • Max drawdown capped at 5% • No martingale or grid strategies
• Fixed-lot and dynamic-lot sizing options • Adaptive trailing stop loss • Session filter for high-volatility hours
• Real-time volatility and spread filter • FIFO compliant for US brokers • Over 150 trades/month on average
• Five years of backtest history (2019–2024) • Customizable risk parameters • Easy one-click enable/disable of live-alerts
• Ultra-low CPU footprint; works on any basic VPS

Backtest Results & Proof

In extensive backtests run from January 2019 through June 2024 on tick data, Pharaoh Gold EA V1.7 delivered a steady equity curve with compound growth averaging +15% monthly, while maintaining a Sharpe ratio above 1.8. Maximum drawdown never exceeded 5%, even during the sharp gold sell-off in March 2020. Over 12,000 trades were evaluated, confirming robustness across different market regimes.

Live-market verification from Q3 2024 to date shows a realized gain of 8% in just two months on a demo account—mirroring the backtest performance closely. Risk-reward metrics remain tight, and the adaptive trailing stop has prevented large drawdowns even when gold experienced 50-pip swings intraday.

How to Install & Configure

  1. Download the EA from its MQL5.software page:
    https://mql5.software/product/pharaoh-gold-ea-v1-7-mt4
  2. Copy PharaohGoldEA_V1.7.ex4 into your MT4 Experts folder.
  3. Restart MetaTrader 4 or hit Refresh under the Navigator panel.
  4. Attach the EA to an XAUUSD M5 chart.
  5. Load the recommended settings template:
  • Magic Number: 171717
  • Lot Size: 0.01 (adjust per account)
  • Risk % per Trade: 1%
  • Max Spread: 3 points
  • Session Filter: ON (GMT+1 sessions)

Feel free to tweak session times or lot sizing to match your broker’s specifications. The EA will auto-adjust stops and targets based on your chosen risk percentage.

Why Choose YoForex-Powered Tools?

YoForex isn’t just another EA creator; we’re a team of traders—developers, quants, risk managers—who live and breathe markets 24/7. All our tools, including Pharaoh Gold EA V1.7, are:

  • 100% Free on MQL5.software, no subscription nags
  • Regularly Updated to adapt to evolving market microstructure
  • Community-Driven: join the Telegram group for feature requests
  • Transparent: full backtest and live logs available

When you trade with a YoForex-powered EA, you’re backed by a brand that values performance, reliability, and trader success above all else.

Support & Contact

Hit a bug or need help configuring your EA? Ping us anytime:

Disclaimer: Past performance is not a guarantee of future results. Automated trading involves risk; please trade responsibly and always test on a demo before going live. Use proper account sizing and risk management—don’t go all-in on a single strategy.

Call to Action

Ready to start scalping gold like a pro? Grab your free copy of Pharaoh Gold EA V1.7 now on MQL5.software and see what you’ve been missing. Instant download, zero cost—this is your ticket to precise, consistent XAUUSD trading. And remember, YoForex has your back, 24/7 support included.

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Happy Trading