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Fenix EA MT4

Fenix is a trend following Expert Advisor that runs on offline Renko charts. Renko charts are drawn using the free RenkoLiveChart EA which should be used on M1 chart.

Parameters of RenkoLiveChart:

  • RenkoBoxSize = 10
  • RenkoBoxOffset = 0
  • RenkoTimeFrame = 2
  • ShowWicks = true
  • EmulateOnlineChart = true

Three trend following strategies aimed at small profits (scalping strategies) are implemented in the Expert Advisor. The EA enters the market when trend direction changes to the opposite. This entry method is efficient only for Renko charts! If you use it on any available timeframes, the EA will be unprofitable.

Orders are closed based on the group profit at the close of a candlestick, or when an opposite signal is received.

As soon as the EA receives an entry signal, it opens buy or sell positions based on order ID.

For example, when the first buy signal is received, the EA opens a buy order with the starting lot of 0.01. Then it awaits the opening of a new candlestick. Suppose, at the opening of this candlestick the position was in profit. In this case the EA will close it and the series is considered closed.

Further, for example, a sell signal is received - the EA opens a sell order with the lot 0.01 (ID1). Then a new candlestick opens, but the order is losing - the Expert Advisor does not close anything. After that a buy signal is received - first we close a sell order 0.01 (ID1) and open the first buy order 0.02 (the volume of the previous order +0.01) (ID1 - because the entire series is losing) and the second buy order of 0.01 (ID2). Let's say at the opening of the next candlestick the deals with ID2 and ID1 were in profit - the deal ID2 0.01 is closed, while deal ID1 is kept open (as the total loss of the first sell order was more than the total profit of the buy order). Suppose, on the next candlestick the total profit from all deals with ID1 is greater than 0, then all open deals with ID1 are closed and the series is considered closed.


The main parameters of the Expert Advisor:

  • S1, S2, S3 – three trading strategies used in the Fenix EA. Each of them can be enabled (true) and disabled (false);
  • Lots – lot size (minimum lot size is set by your broker). Recommended lot per 1,000 of deposit is 0.01;
  • Friday close – enable/disable forced closure of all orders at the end of the Friday session at the specified time (time is set in the format 00:00);
  • MAXID – maximum number of orders (0 – unlimited);
  • Reverse signal – enable/disable a reverse signal strategy (can be used on low-volatility pairs; preliminary testing or demo trading is recommended;
  • Magic – EA magic number. Based on the Magic the EA distinguish its trades when a trader or other Expert Advisors simultaneously trade on the same account.
  • Stop loss and Take profit - configurable stop loss and take profit parameters for orders to be opened;
  • Slippage – the value of slippage. Can be set manually. It is recommended not to change this parameter;
  • MarketWatch - if you use an ECN account, and you want to set the parameters of the stop loss and take profit, activate this option. If not - leave it disabled.

Also the Fenix ​​EA includes customizable parameters "breakeven" and "trailing stop". Initially, these parameters are not set, as the EA successfully trades without them. You can test the EA and configure these parameters.

TYou can also set the trading time for the Expert Advisor during a week.

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Ivan Bebikov
The strategy is based on deviations from the average price during low liquidity. Stop loss is always used. Automatic lot calculation or working with a fixed lot. Trades are closed using the built-in algorithm. Signals and my other EA's are available here -  https://www.mql5.com/ru/users/bebikovi/seller Complies with FIFO rules. No martingale. Does not use a grid of orders. Recommendations Recommended currency pair-USDCHF. Timeframe - M5 (default). It can be used on other timeframes as well.
399 USD
Reversal or Breakout
Reversal or Breakout
Thoriq Imamulloh
This Expert Advisor trades on Reversal or Breakout which identify by Min High Low on M1. It uses three trailing stop and take profit to adjust volatility market. Recommended Pair is EURUSD, GBPUSD, USDJPY and EURJPY. Use 5 Digits Broker with low spread plus commission as high as 20 points. Allowed Broker with fixed spread as low as 30 pips (change HL_Range more than 400 pips)   Input Parameters Name = Name for this Expert Advisor Magic = Magic Number for this Expert Advisor HL_Range = M inimal
500 USD
MAFiA Scalper MT4
MAFiA Scalper MT4
Andrey Dyachenko
MAFiA Scalper (Lite version) -Bill Williams (BW) expert advisor with a control panel for trading. The version for MT5 - is here !!! Advisor will work ONLY on accounts like HEDGE . The type of account can be seen in the upper left corner of the terminal. Example - there ***** Detailed instructions with illustrations in English, in PDF file format. ***** - You will find a link to the instruction under the video - The video is in Russian, but you can turn on subtitles and
497 USD
Voltage Balance Booster
Voltage Balance Booster
Elena Ivanova
Voltage Balance Booster is arbitrage multicurrency Expert Advisor. The Expert Advisor works with one or several groups of currencies. One group is seven currency pairs with one common currency. Signal using default setting. Default settings set for 100 usd. For bigger balance you need proportionally set LOTS and PROFIT settings. In a certain period of time, the advisor determines a pair of orders where the mathematical expectation is maximum. After a while, if deals are not closed and profits a
499 USD
Squirrel Trader Pro
Squirrel Trader Pro
Michela Russo
Squirrel Scalper Pro is a trading robot  for the trading on Indices. This is a Trend Following system.   Backtest Now! This Expert advisor not use   arbitrage, grid, martingale or other dangerous strategy , All Trades are covered by  StopLoss and TakeProfit . Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of   Turtle Scalper Pro ! (All future updates included) -> To Receive it, Please Contact me by   mql5 message   or email ! The
399 USD
My Friend EA
My Friend EA
Samir Arman
Hello all This expert is a type of oscillator It works on a set of indicators with the profit tracking method With the work of cooling deals with the closure of all together It is preferred to work on the M5 timing Max Spread = 0.3 Broker link from here https://tinyurl.com/y7xkqz89 arameters: Lot1: Manual Lot Size Auto_Lot: Set true to automatically calculate optimal Lot Size based on risk preferences, Set False if you want to use manual lot size. Max_Risk: Max Risk as percentage of Equity
500 USD
Aura Gold EA
Aura Gold EA
Stanislav Tomilov
75% discount (1999 USD > 499 USD) , special for the  Next 10 buyers (3 left) Telegram channel:  https://t.me/aura_gold_ea RECOMMENDED BROKER #1 Aura Gold EA  is a fully automated EA designed to trade GOLD only. It is based on machine learning cluster analysis and genetic algorithms. EA contains self-adaptive market algorithm, which uses price action patterns and standard trading indicators (CCI,ATR). Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money manag
499 USD
Steady Ranger EA
Steady Ranger EA
Davit Beridze
Don't hurry up with conclusions before you watch the video and read the description! This EA contains Few stop out levels built in what makes it much safer than any other method! Never pay attention to the Stereotips. Any method can be risky if you use them without a Sense. I could not insert the video properly so Here is the youtube video link of Steady Ranger in action:  https://www.youtube.com/watch?v=rz7jvMRsazM Steady Ranger EA is an advanced automated channel trading system with potential
400 USD
IQmovingZ
IQmovingZ
Alexander Kovalenko
This is an automatic 24-hour trading system based on the algorithm of collective behavior of adaptive automata (a kind of algorithms of self-learning of artificial intelligence) that does not require manual intervention and does not use any indicators or well-known trading methods. The principle of the EA is to remember and analyze each step. A step is a price movement for a certain number (BaseStep) of points up or down. The depth of memory (how many steps to remember and analyze) is determined
497 USD
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