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Phoenix Expert Advisor
Phoenix Forex expert advisor is a very complicated EA.
It uses many standard MetaTrader 4 indicators (like moving averages and
envelopes) to determine the position entry and exit points as well as position
parameters. This expert advisor has many input parameters and internally stored
data sets for each of the five currency pairs it can be used to trade with. The
abundance of the indicators and conditional checks make Phoenix expert advisor
a little slower for CPU to process.
My test of the Phoenix MetaTrader expert advisor resulted
in about $6,400 profit using GBP/USD pair on a fifteen minute timeframe using
1 standard lot to open positions. Testing was done over a one year period, with
maximum drawdown as little as $96. I've also checked it on a three years period
and it showed the same performance.
MiniFAQ
What are the stop-loss and take-profit used by this EA?
It uses the variable stop-loss and take-profit values, but the average winning
and losing position yield 138 and 148 pips on average respectively.
How often does it trade?
On 15-minute GBP/USD chart (the optimum settings) this EA will trade 1 time a day
on average.
Downloads
Download Phoenix expert advisor
Download zipped Phoenix expert advisor
Discussion
Warning! Before you ask any basic questions regarding installation of
the expert advisors, please, read this
MT4 Expert Advisors Tutorial
to get the elementary knowledge on handling them.
Do you have your own trading results or any other remarks regarding this
expert advisor? Discuss Phoenix with other traders and MQL programmers on the experts forums.
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