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 makes the Phoenix expert advisor somewhat burdensome for a 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-year period and it showed the same performance.
What are the stop-loss and take-profit used by this EA?
It uses variable stop-loss and take-profit values, but the average winning and losing positions yield 138 and 148 pips on average respectively.
How often does it trade?
On a 15-minute GBP/USD chart (the optimum settings) this EA will trade 1 time a day on average.
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.