- Nov 30, 2008
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.
Discuss Phoenix expert advisor. Phoenix is a simple range breakout EA. Y
You'll need MetaTrader 4 trading platform to use Phoenix EA.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
Did you forget to insert something?These may be helpful to someone wishing to use the EA