What's included
- Latest versionThe current build from the MQL5 Market
- Installed for youSet up in your MT5, usually within hours
- Installation guideStep-by-step PDF with screenshots
- Optimised presetsReady-to-use configuration files
- Future updatesAvailable instantly inside MT5, free
- Email supportHelp with setup and technical issues
What our customers say
Selected Trustpilot feedback about CheaperForex support, setup and service.
The Gold Phantom EA MT5
The Gold Phantom EA for MT5 is the latest Gold breakout system from Profalgo Limited (Wim), the creator of the legendary Gold Reaper.
Built on the same battle-tested engine but with 9 brand-new, never-released strategies, The Gold Phantom focuses on breakouts of key support and resistance levels — one of the most reliable trading approaches on XAUUSD.
- ✅ $10K → $145K backtest — default settings, max 7% drawdown (2020-2025)
- ✅ Prop firm mode — +100% growth with under 5% max DD
- ✅ 9 independent strategies — spread across H1, H4, Daily timeframes
- ✅ 399 purchases/month — fastest-selling new Gold EA
- ✅ Fixed SL/TP on every trade — plus dynamic trailing
Includes all official SET FILES for prop firms and personal accounts.
Original price was: $649.00.$289.95Current price is: $289.95.
- Current developer build from the MQL5 Market. Every future update lands inside your MT5 the moment the developer releases it, at no extra cost.
- We install it into your MT5 for you, usually within hours of purchase. See how it works
- Change your mind? Full refund within 7 days, as long as the EA has not been activated.
What's included
- Latest versionThe current build from the MQL5 Market
- Installed for youSet up in your MT5, usually within hours
- Installation guideStep-by-step PDF with screenshots
- Optimised presetsReady-to-use configuration files
- Future updatesAvailable instantly inside MT5, free
- Email supportHelp with setup and technical issues
Quick Summary:
The Gold Phantom EA for MT5 is the latest Gold breakout system from Profalgo Limited (Wim), creator of the legendary Gold Reaper.
Built on the same battle-tested engine but with 9 brand-new, never-released strategies, The Gold Phantom focuses on breakouts of key support and resistance levels across H1, H4, and Daily timeframes. Every trade has a fixed stop loss and take profit, enhanced by dynamic trailing logic. Prop firm ready with randomization features and daily drawdown limits.
Official MQL5 Listing:
The Gold Phantom EA MT5
Developer Profile:
Profalgo Limited
From the Creator of Gold Reaper
THE GOLD PHANTOM IS HERE
After the massive success of The Gold Reaper, Wim introduces its powerful brother:
- 399 purchases/month — fastest-selling new Gold EA on MQL5
- 18 reviews, 5.0 rating — perfect score from verified buyers (as of January 2026)
- Same DNA, different personality — new strategies, same proven engine
- 20+ years experience — from the pioneer of algo breakout trading
Backtest Results — Two Modes
Default Settings (2020-2025)
- Starting Balance: $10,000
- Ending Balance: $145,000
- Growth: +1,350%
- Maximum Drawdown: 7%
- Period: 2020-2025 (5 years)
- Settings: Default out-of-the-box
Prop Firm Settings (2020-2025)
- Growth: +100%
- Maximum Drawdown: Under 5%
- Period: 2020-2025
- Settings: Conservative prop firm mode
The prop firm backtest demonstrates the EA can operate within strict drawdown limits while still delivering solid returns — exactly what FTMO, FundedNext, and other prop firms require.
What Makes The Gold Phantom Special
9 Brand-New Independent Strategies
Never released before. Each strategy operates independently, providing internal diversification even on a single chart. Strategies are spread across H1, H4, and Daily timeframes for maximum coverage.
Breakout of Key Support & Resistance
The Gold Phantom focuses on one of the most reliable and time-tested approaches in trading: breakouts of major support and resistance levels. Gold (XAUUSD) is ideal for this strategy thanks to its exceptional volatility and frequent, clean level breaks.
Fixed Stop Loss + Intelligent Trailing
Every single trade gets a fixed Stop Loss and Take Profit right from entry. Dynamic trailing stop loss and trailing take profit logic protects capital early and lets winners run.
Auto-Adapting to Gold Price Changes
The entry and exit algorithms automatically adapt to the ever-changing price of Gold — essential as XAUUSD has moved from $1,200 to $2,600+ over recent years.
Trade Frequency Control
Full control from ultra-conservative to intense volatility-maximizing modes. By default, the system auto-adjusts trade frequency and lot sizing based on your account balance and maximum allowable drawdown.
Multiple Layered Confirmation
The system employs multiple layered confirmation algorithms to pinpoint optimal entry prices while running complementary strategies internally to diversify and spread risk.
What Real Users Say
Bryan Manijean (5 stars):
“This robot will undoubtedly be one of the best gold robots ever sold on MQL5. Combine it with Wim’s other gold robots and you’ll see profitability in the short, medium, and long term.”
Trendtrader2015 (5 stars):
“This will be another beast like the gold reaper!!!!”
Abdullah Uygar Tuna (5 stars):
“The latest addition to the lineup from the pioneer of Algo Breakout trading. I’ve been using his EAs profitably for years. If you know Wim’s work, a product like this at this price is an absolute steal. All the best Wim.”
Prop Firm Features
Daily Drawdown Limit
Set a maximum allowed daily drawdown percentage. If reached, the EA closes all trades and pending orders, waiting for the next day. Essential for FTMO and other prop firms.
Randomization for Prop Firms
The Randomization parameter varies entries, exits, and trailing SL values slightly so multiple users on the same broker have different trades. Also prevents copy-trading detection on prop firms. Value “50” recommended.
Max Allowed Total Drawdown
Set your preferred maximum total drawdown and the EA determines lot sizing based on historical max DD — keeping risk aligned with your preferences at all times.
Friday Stop Hour
Avoid holding trades over the weekend by setting a close time on Fridays.
News Filters
- NFP Filter: Close trades and pending orders before Non-Farm Payrolls
- FOMC Filter: Avoid Federal Reserve announcements
- CPI Filter: Skip Consumer Price Index releases
- MQL5 Calendar Integration: Uses built-in calendar for news detection
- Configurable Buffer: Set minutes before/after events
No AI Hype — Honest Trading
“No hype about neural networks / machine learning / AI / ChatGPT / quantum computing / unrealistically perfect backtests. Just a transparent, honest trading system grounded in proven, repeatable methodology suitable for both development and real-money execution.”
With 20+ years building automated trading systems, developer Wim focuses only on approaches that have a realistic chance of performing in live markets the way they do in testing — without curve-fitting or data-mining tricks.
More From Profalgo Limited @ CheaperForex
We carry other EAs from this developer:
Ultimate Breakout System EA MT5
Unlock over 100+ breakout strategies or create your own using the same master tool that built Gold Reaper, Goldbot One, and DayTrade Pro. Includes step-by-step guides, optimization templates, 100+ set files, and a powerful engine for any pair or timeframe.
The ORB Master EA MT5
Trades Opening Range Breakouts on US500, US30, NAS100, DAX from a single EURUSD M15 chart. 12 uncorrelated strategies, no grid/martingale, dynamic trailing SL/TP, prop-firm tools.
Additional User Reviews
★★★★★ “Same quality as Gold Reaper.”
I’ve been running Gold Reaper profitably for over a year. Gold Phantom uses the same engine with completely new strategies. The diversification between them is excellent — very low correlation.
— Thomas K., Berlin
★★★★★ “Prop firm challenge passed.”
Used the prop firm settings for my FTMO challenge. Under 5% drawdown throughout, hit the profit target in 3 weeks. The daily DD limit feature is essential.
— Marco R., Milan
★★★★★ “9 strategies in one EA.”
The internal diversification is what sold me. Running H1, H4, and Daily strategies simultaneously from one chart. Each strategy catches different breakouts. Smooth equity curve.
— Elena S., Vienna
★★★★★ “Set files included — ready to go.”
Downloaded the official set files and was running in 10 minutes. No optimization needed. Default settings work exactly as shown in backtests.
— James T., London
★★★★★ “Finally, breakout done right.”
Most breakout EAs fail because they trade every level. Gold Phantom filters for major support/resistance only. The confirmation layers prevent false breakouts.
— David L., Singapore
Our Assessment
Transparent evaluation based on backtest performance and developer track record:
What We Found:
- Market Validation: 399 purchases/month, 18 reviews, 5.0 rating — exceptional reception
- Backtest Performance: $10K→$145K default (7% DD), +100% prop firm (<5% DD)
- Strategy Approach: 9 independent breakout strategies across H1/H4/Daily
- Risk Management: Fixed SL/TP on every trade + dynamic trailing
- Prop Firm Ready: Daily DD limits, randomization, Friday close options
- Developer: Profalgo Limited (Wim) — Gold Reaper creator, 20+ years experience
- Honest Marketing: No AI/ML/quantum hype — proven breakout methodology
- Related Products: Low correlation with Gold Reaper — good for portfolio diversification
- Best Suited For: Gold traders wanting proven breakout strategies with prop firm compatibility
- Overall: The Gold Phantom benefits from the proven Gold Reaper engine and Wim’s extensive track record. The 399 purchases/month and perfect 5.0 rating demonstrate strong market validation. Multiple backtests show consistent performance across different risk profiles.
Who Should Use This EA?
The Gold Phantom is ideal for traders who:
- Trust the Gold Reaper developer — same engine, new strategies
- Want breakout trading — support/resistance methodology
- Trade prop firm challenges — FTMO, FundedNext compatible
- Need multiple strategies — 9 independent approaches
- Require fixed stop losses — protected on every trade
NOT for traders who:
- Want to trade pairs other than XAUUSD
- Prefer scalping or high-frequency trading
- Don’t believe in breakout strategies
Technical Requirements
- Platform: MetaTrader 5
- Instrument: XAUUSD (Gold)
- Timeframe: H1 (attach to H1 chart)
- Minimum Balance: $300 (recommended $1,000+)
- Account Type: Any broker, prop firm compatible
- VPS: Recommended for 24/5 operation
Setup
Simple configuration:
- Attach EA to XAUUSD H1 chart
- Set trade frequency (auto by default)
- Set max allowed drawdown preference
- Enable prop firm features if needed
Or simply load the included set files for pre-configured operation.
Conclusion
The Gold Phantom EA for MT5 delivers exactly what Gold traders need: proven breakout methodology from a developer with a legendary track record.
With 399 purchases per month and an 18-review perfect 5.0 rating, the market has already validated what users of Gold Reaper knew — Wim builds EAs that work. The Gold Phantom uses the same battle-tested engine with 9 brand-new strategies spread across H1, H4, and Daily timeframes.
The backtests tell the story: $10K to $145K over 5 years with only 7% maximum drawdown on default settings. For prop firm traders, the conservative mode delivers +100% growth while keeping drawdown under 5% — exactly what FTMO and FundedNext require.
Every trade is protected by fixed stop loss and take profit, enhanced by intelligent trailing logic. News filters for NFP, FOMC, and CPI prevent trading during volatile announcements. Daily drawdown limits and randomization features make it prop firm ready out of the box.
No AI hype, no quantum computing claims — just honest breakout trading built on 20+ years of algo development experience. For Gold traders seeking proven methodology from a trusted developer, The Gold Phantom continues the excellence of the Gold Reaper legacy.
What Do You Receive?
– The Gold Phantom EA for MT5 – Latest Official Version activated directly in your MT5
– All Official SET FILES included (prop firm and standard settings)
– Free lifetime updates (which you can download yourself)
– For use on unlimited brokers and trading accounts
FAQs
What are the backtest results?
Default settings: $10K → $145K over 2020-2025, max 7% drawdown. Prop firm settings: +100% growth with under 5% max drawdown over the same period.
Who developed The Gold Phantom?
Profalgo Limited (Wim) — the creator of the legendary Gold Reaper EA. 20+ years experience building automated trading systems. Pioneer of algo breakout trading.
How is it related to Gold Reaper?
Built on the same battle-tested engine but with 9 brand-new, never-released strategies. Same DNA, different personality. Low correlation between the two — excellent for portfolio diversification.
How many strategies are included?
9 independent trading strategies spread across H1, H4, and Daily timeframes. This provides internal diversification even when running on a single chart.
What trading approach does it use?
Breakouts of key support and resistance levels — one of the most reliable and time-tested approaches. Gold (XAUUSD) is ideal due to its exceptional volatility and clean level breaks.
Is every trade protected by stop loss?
Yes. Every single trade gets a fixed Stop Loss and Take Profit right from entry, enhanced by dynamic trailing stop loss and trailing take profit logic.
Is it prop firm compatible?
Yes. Features include: Daily drawdown limit, randomization for unique trades, Friday stop hour, max allowed total drawdown setting. Works with FTMO, FundedNext, The5ers, etc.
What is the randomization feature?
Varies entries, exits, and trailing SL values slightly so multiple users on the same broker have different trades. Also prevents copy-trading detection on prop firms. Value “50” recommended.
Does it have news filters?
Yes. NFP, FOMC, CPI filters included. Uses MQL5 Calendar for news detection. Configurable buffer time before/after events.
What timeframe should I use?
H1 (attach to H1 chart). The EA internally uses H1, H4, and Daily timeframes for its 9 strategies.
What’s the minimum balance?
$300 absolute minimum. $1,000 or more recommended for optimal trading with all strategies active.
How does trade frequency control work?
By default set to “auto” — uses account balance and max allowed drawdown to determine frequency. Can also manually select from ultra-conservative to intense modes.
Does it use AI or machine learning?
No. Developer explicitly states: “No hype about neural networks / machine learning / AI / ChatGPT / quantum computing.” Just proven, repeatable breakout methodology.
Are set files included?
Yes. All official set files included for both prop firm and standard trading configurations. Ready to run immediately.
What other EAs does this developer make?
We also carry Ultimate Breakout System (100+ strategies, build your own) and The ORB Master (Opening Range Breakouts on indices) from Profalgo Limited.
How buying from us works
Genuine build, installed for you, refund if you change your mind
CheaperForex buys the current build from the developer's live MQL5 Market listing and installs it on your machine through a CheaperForex-managed MQL5 account. That is why the price is lower than buying direct: you get one managed installation on one Windows PC or VPS, rather than a purchase recorded in your own MQL5 account.
- 1Order and pay
Card, Apple Pay, Google Pay or crypto, with 20% off for crypto at checkout.
- 2We arrange the installation
We connect to your Windows PC or VPS at a time that suits you and set the EA up inside MT5, usually within hours of purchase.
- 3Activate on one machine
The EA runs on that PC or VPS, in up to 10 MT5 terminals, with no subscription. The managed MQL5 account stays signed in there.
- 4Every update, instantly
Each new version the developer publishes appears inside your MT5 straight away, at no extra cost. Setup help is available by email and Telegram whenever you need it.
Not happy, or decided you would rather not have us connect to your machine? Ask within 7 days of purchase and, as long as the EA has not been activated, you get a full refund. Once activated, the license is assigned to that machine and cannot be refunded.
The purchase is not added to your personal MQL5 account and does not appear in your MQL5 purchase history. The managed account stays signed in on the activated machine, so moving or reinstalling the EA is done with our help, which is included.
Why Traders Trust Us
Us vs MQL5 Marketplace
See why 28,000+ customers choose us
Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
