Phoenix

[Enivid]

Discuss Phoenix expert advisor. Phoenix is a simple range breakout EA. You can ask any questions about this expert advisor here.

[usp]

This EA has produced consistent consecutive profits of around 15 pips per trade but then it resulted in 3 cosecutive losses of about 60, 60 and 90 pips. This wiped out about previous 14 wins.

I had used the default settings. I need to understand more about this ea for more efficient use.

1. There seem to be 3 modes and the programmed currency pairs use modes 2 and 3.

2. Mode1 seem to be used by any pair not programmed.

3. For mode1 the TP, SL and TS are not used by default (set to zeros) but can be set to any number of pips.

Am I correct in these 3 assumtpions? I am not a MT4 programmer. Please comment.

[Enivid]

Originally Posted by usp

This EA has produced consistent consecutive profits of around 15 pips per trade but then it resulted in 3 cosecutive losses of about 60, 60 and 90 pips. This wiped out about previous 14 wins.

I had used the default settings. I need to understand more about this ea for more efficient use.

1. There seem to be 3 modes and the programmed currency pairs use modes 2 and 3.

2. Mode1 seem to be used by any pair not programmed.

3. For mode1 the TP, SL and TS are not used by default (set to zeros) but can be set to any number of pips.

Am I correct in these 3 assumtpions? I am not a MT4 programmer. Please comment.

1. There are two modes - one trade, two trades and three trades. Programmed currency pairs have the preset SLs and TPs for all trades.

2. It's not used unless Phoenix mode is set to 1.

3. For all modes SL and TP is not set by default, but the programmed currency pairs set their own SL and TP for all trades in all modes. You can change all these SLs and TPs.

Discuss Phoenix expert advisor. Phoenix is a simple range breakout EA. Y

Thanks for the link. There is some good info there.

[PALANIVEL]

Please anybody tell me that phoenix ea is good for live account. now i used in demo it seems to be ok? what about live account. please mail to palanievel@gmail.com

[rickyblee]

I don't even know how to use it, could you direct me
in any website how to set and use it.
I am new to forex, I used Telechart for my
stock trading.

[Enivid]

Originally Posted by rickyblee

I don't even know how to use it, could you direct me
in any website how to set and use it.
I am new to forex, I used Telechart for my
stock trading.

You'll need MetaTrader 4 trading platform to use Phoenix EA.

[daveM]

In your use of the ea, how often to you adjust the settings...

[daveM]

These may be helpful to someone wishing to use the EA

Enjoy.!!

I thought they were uploaded. does the software accept pdf files, I have just tried again and it does not appear it worked

I am pretty sure that somehow the settings on the software are either losing the files or do not accept pdf

[Enivid]

Originally Posted by daveM

These may be helpful to someone wishing to use the EA

Enjoy.!!

Did you forget to insert something?