This is a complex Expert Advisor which employs multiple standard indicators like moving averages to determine entry and exit points of the market and other trading parameters. This EA has many input parameters and stored data sets for each currency pair with which it can operate. This makes Phoenix an Expert Advisor difficult to configure for an inexperienced trader.
Tests by other traders show that the best results are obtained using this EA in the GBP/USD in a time frame of 15 minutes and with 1 standard lot positions. There was one case of a trader who evaluated Phenix for three years and obtained a similar performance.
Below are the parameters and results for this EA:
- Stop Loss: Variable.
- Take Profit: Variable.
- Currency Pairs: GBP / USD, USD / JPY, EUR / JPY, GBP / JPY, USD / JPY.
- Time Frames: All.
- Best results otenidos: GBP / USD in a time frame of 15 minutes.
- Percentage Gain: 64%.
- Maximum Drawdown: 1.0%
You can download this indicator for Metatrader 4 using the following link: