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Phoenix Rising on GBPJPY
Expert Advisor Phoenix Rising on GBPJPY uses 3 unique trading strategies classes to reduce risk and increase profit consistently.
When the main strategy's trading orders are negative, the hedging and scalping strategies will be triggered to increase the balance and reborn account. Finally, EA will exit the market in a positive state.
With this strategy, drawdown can be up to over 20%. However don't worry, it's a part of the trading job. Set Auto Lot < 3 to Drawdown to be lower.
Expert Advisor is designed specifically for GBPJPY
|Max Spread||= 15 to 25|
|Fixed Lot||= 0.0 (Auto Lot); Fixed Lot > 0 (your lot size)|
|Auto Lot||= 1 to 3 (=3 mean auto lot size = 3 lots per $100,000 balance, or 0.03 lots per $1,000 balance...)|
Time frame: M1, M5 or M15. Use VPS with low latency (<20ms) and do not close the MT4 Terminal while the EA has opening orders.
Use EA with ECN or Raw spread accounts with hedge. Min Balance: $ 300
Stop Level = 0 (check the Stop Level by: Press Ctrl + U, select GBPJPY, click Properties and Stop Level on the 3rd line)
Do not use this EA with another EA on the same account. Download history before backtest.