Phoenix FX XAU: Automated MT4 Trading with Verified Results for Gold Traders

This 2026 review delivers a performance analysis of Phoenix FX XAU, an MT4 Expert Advisor designed specifically for XAU/USD trading on a 5-minute timeframe. The review examines live account results, backtest consistency, and the author’s stated optimizations for prop firms. Phoenix FX XAU ships as version 1.10 with minimum capital guidance of $1,000 and a listed price of $399; current aggregated user rating is 4.5/5 from 100 reviews. The review highlights measurable results and provides a transparent analysis of strengths and limitations. What makes Phoenix FX XAU unique is its focused design for gold using an EMA crossover core combined with volatility filters and adaptive sizing. The algorithm monitors a fast EMA and a slower EMA (default 10/30), generates crossover signals, then applies additional filters such as ATR-based volatility thresholds and spread checks to avoid low-quality entries. Trade management uses configurable stop loss and trailing logic and enforces max concurrent trades to respect prop firm rules. The EA handles trending and range-break environments better than extremely choppy sessions, where false crossovers increase. Risk controls are explicit: fixed-percent and volatility-based position sizing, configurable maximum drawdown limits, and guardrails for news or extreme spread events. Expected characteristics include moderate trade frequency on M5, focused exposure to XAU/USD, and steady small-to-medium sized wins with occasional larger trades on extended trends. Ignacio Agustin Mene Franco’s development follows documented MT4 integration practices and emphasizes reproducible, data-driven results.