Introduction

Phantom N1 EA V7.44 MT5 is an advanced automated trading system designed for traders who want to leverage scalping strategies in the forex market. Operating on the MetaTrader 5 (MT5) platform, this EA excels in high-frequency trading, offering both novice and professional traders an efficient solution to achieve consistent results. With a focus on gold (XAUUSD) and EURUSD pairs, Phantom N1 EA V7.44 uses sophisticated algorithms to identify optimal entry points, ensuring that trades are executed with speed and precision.

In this blog post, we will explore the key features, performance, recommended settings, backtesting results, and installation process for Phantom N1 EA V7.44 MT5, providing a comprehensive guide to help you get started with this cutting-edge trading tool.

Overview of Phantom N1 EA V7.44 MT5

Phantom N1 EA V7.44 MT5 is an expert advisor designed to automate scalping strategies in the forex market. It works on popular pairs like XAUUSD (gold) and EURUSD, focusing on high-frequency, short-term price movements. The EA operates with advanced risk management tools to minimize losses and maximize gains. By analyzing market conditions in real-time, Phantom N1 EA makes quick, data-driven decisions, allowing traders to take advantage of small price movements that are often missed in manual trading.

The EA is designed to be fully customizable, allowing traders to adjust settings based on their risk tolerance, trading style, and market conditions. Additionally, Phantom N1 EA V7.44 integrates seamlessly with the MT5 platform, making it easy to set up and operate.

Key Features of Phantom N1 EA V7.44 MT5 

  • Advanced Scalping Algorithm: The core of Phantom N1 EA’s functionality is its scalping algorithm, which targets quick, profitable trades based on price fluctuations.
  • Optimized for XAUUSD and EURUSD: This EA is specifically tailored to trade two of the most liquid currency pairs in the forex market, XAUUSD (gold) and EURUSD.
  • Real-time Market Analysis: Phantom N1 EA continuously monitors the market and makes instant decisions based on real-time data, ensuring that no profitable opportunity is missed.
  • High-frequency Trading: Ideal for traders looking to take advantage of small price movements, this EA operates with a high-frequency trading model, executing trades within seconds.
  • Risk Management: Phantom N1 EA includes risk management settings such as stop-loss and take-profit limits, making it suitable for risk-averse traders.
  • Customizable Settings: The EA provides flexibility with customizable settings for different trading styles and preferences.

Backtesting Results

Backtesting results for Phantom N1 EA V7.44 MT5 have shown consistent profitability over various market conditions. The EA has achieved a win rate of 70-80%, with a low drawdown, making it an excellent choice for traders looking for a reliable automated solution.

Below are the backtesting results from a 6-month period (using XAUUSD on the M5 timeframe):

  • Profit Factor: 1.85
  • Win Rate: 75%
  • Maximum Drawdown: 10%
  • Average Trade Duration: 15-20 minutes

These results demonstrate Phantom N1 EA's ability to generate consistent returns, even during volatile market conditions.

Recommended Settings 

Phantom N1 EA V7.44 MT5 can be adjusted to fit different trading styles and risk profiles. The following settings are recommended for optimal performance:

  • Timeframe: M5 (5-minute chart) for fast, short-term trades.
  • Pairs: XAUUSD and EURUSD are the primary pairs for this EA.
  • Risk Level: 2-3% per trade, adjustable based on your risk tolerance.
  • Lot Size: Fixed or automatic based on account balance.
  • Stop Loss/Take Profit: Set based on market conditions, with a minimum of 15 pips for stop loss and 30 pips for take profit.

Installation Guide 

To install Phantom N1 EA V7.44 MT5:

  1. Download the EA from the official website.
  2. Open MetaTrader 5 and navigate to File > Open Data Folder.
  3. Copy the downloaded EA file into the Experts folder.
  4. Restart MetaTrader 5 and locate Phantom N1 EA under the Navigator panel.
  5. Drag and drop the EA onto a chart of XAUUSD or EURUSD on the M5 timeframe.
  6. Set your preferred parameters and enable auto-trading.

Advantages and Disadvantages 

Advantages:

  • Automated trading, removing the emotional component.
  • High-frequency, scalping strategy for quick profits.
  • Customizable settings for different trading styles.
  • Built-in risk management tools.
  • Proven backtesting results with consistent profits.

Disadvantages:

  • May not be suitable for traders looking for long-term strategies.
  • Requires a stable internet connection for best performance.
  • Risk of losses in highly volatile market conditions.

Conclusion 

Phantom N1 EA V7.44 MT5 is a powerful tool for traders seeking an automated, high-frequency trading solution. Its advanced scalping algorithm and optimized settings make it an ideal choice for trading gold and EURUSD. With proven backtesting results and customizable features, Phantom N1 EA can help you achieve more consistent and profitable trades. If you are looking for an efficient, reliable trading solution, this EA is definitely worth considering.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: https://wa.me/+443300272265

Telegram Group: https://t.me/yoforexrobot

Disclaimer: Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.

Happy Trading