Phoenix Evening Star Trader
- Experts
-
Nigel Nii Darku Narnor Darko
At Phoenix Trading, we engineer high-precision MQL5 Expert Advisors to turn volatility into opportunity. Our EAs combine ultra-fast execution with data-driven risk management to eliminate bias and maximise efficiency. We provide institutional-grade automation for forex, gold, and indices to retail - Version: 2.1
Phoenix Evening Star: Advanced Pattern Trading Console
The Phoenix Evening Star is a high-performance semi-automated Expert Advisor (EA) designed for traders who value precision, speed, and visual clarity. It combines sophisticated candlestick pattern recognition with an integrated one-click trading panel, allowing you to identify, validate, and execute high-probability reversals instantly.
Core Features
1. Multi-Pattern Recognition Engine
The "engine" scans the market in real-time for four of the most powerful price action reversal formations:
Morning Star / Evening Star: Detects 3-candle exhaustion patterns where a "star" candle signals a shift in momentum.
Bullish / Bearish Engulfing: Identifies high-momentum "takeover" candles that signal the start of new trends.
Trend Filtering: Includes a built-in EMA 20 trend filter to ensure you only take signals aligned with the broader market direction.
2. Integrated One-Click Execution Panel
Stop fumbling with manual order windows. The Phoenix console provides:
Instant Market Execution: Dedicated BUY and SELL buttons that execute trades immediately.
Smart SL/TP Calculation: Every trade automatically calculates its Stop Loss based on the pattern’s low/high and sets a 2:1 Reward-to-Risk Take Profit target.
Position Normalization: Built-in logic ensures all lot sizes and prices are "broker-legal," preventing "Invalid Stops" or "Volume Step" errors.
3. Advanced HUD & Plotting System
Keep your charts clean while staying informed:
Dynamic HUD: A sleek, black-background dashboard displaying Trend Status, Active Patterns, Signal Direction, Volume, and Candle Size in Pips.
On-Chart Plots: Toggleable text labels that mark historical pattern locations, allowing for easy back-testing and visual verification.
Visibility Toggles: One-click buttons to hide the HUD or Plots when you need a clear view of the price action.
4. Safety & Management
Global Emergency Stop: The "CLOSE ALL" button instantly terminates all active positions for the current symbol and removes visual targets from the chart.
Magic Number Protection: The EA is "self-aware," meaning it will only manage and close trades it opened, protecting your manual trades or other active EAs.
MQL5 Validation Ready: Features robust normalization, "one-trade-at-a-time" logic, and filling-mode detection to ensure stability across all broker types.
User Benefits
Eliminate Emotional Hesitation: By automating the calculation of SL and TP based on the pattern itself, the EA removes the guesswork and "fat-finger" errors from your execution.
Professional Visuals: Replace the default "grey" MT5 interface with a modern, high-contrast Black & Teal console designed for long trading sessions.
Risk Control: The 2:1 Reward-to-Risk ratio is hardcoded into the targets, ensuring that over time, your winning trades outweigh your losers even with a 50% win rate.
Versatility: Use it as a Signal Indicator to alert you to patterns, or as a Execution Tool to manage the actual entries.
How to Use
Identify: Wait for the "Pattern" label to display "MORNING STAR" or "ENGULF BULL".
Confirm: Check the "Signal" label for a green "BUY" confirmation.
Execute: Click the green BUY button. The EA will instantly place the trade with a Stop Loss below the pattern and a 2:1 Take Profit.
Manage: Use the CLOSE ALL button if market conditions change or you hit your daily profit target.
