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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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Spider Crazy Pro is at discount Price only Today, at 50% of the Original Price! Buy Now! Spider Crazy Pro is a trading robot  for the trading on forex. This is a complete system with   11 Strategy in 1 EA . This Robot opens a   large number of orders .  Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Snake Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email !   This Expert advisor not
395 USD
Raptor Majors
Remy Aime Rene Louat
📢 Get it now ! Price rises of 100 USD each profitable month. Final price : 1999 USD Raptor is a smart expert mastering pairs : EURUSD,GBPUSD,USDJPY,USDCAD,NZDUSD,AUDUSD, USDCHF It was created to enter   only the best trade   of all currencies, when the direction is very predictable Join Telegram channel :   https://t.me/s/Raptor_EA Don't rely on backtests, only buy EA if steady live signal   📈    https://www.mql5.com/en/signals/905417 MT5 version :   https://www.mql5.com/en/market/produ
999 USD
FiboPlusWaveRunner
Sergey Malysh
Experto en trading automático y manual Sistema de comercio basado en ondas de Elliott y niveles de Fibonacci . Una solución simple y asequible Visualización de marcación de ondas de Elliott (principal o alternativa) en el gráfico Formación de niveles horizontales, líneas de soporte y resistencia, canal Superposición de los niveles de Fibonacci en las ondas 1, 3, 5, A Sistema de alerta (en pantalla, correo electrónico, notificaciones push) Panel visual para la apertura de órdenes en el comercio m
1 250 USD
Panther Trader Pro
Michela Russo
Panther Trader Pro is a trading robot  for the trading on forex. This is a Trend Following system that trades mainly during Asian Session. The EA has been subjected to  stress tests  for a period of  17 years  and  passes every year  with a very advantageous profit/drawdown ratio. Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of Reindeer Scalper Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 message
395 USD
Aura Oil Trader
Stanislav Tomilov
Price $399 2 of 10 copies left at this price Next 10 copies $499 RECOMMENDED BROKER FOR AURA OIL TRADER Telegram channel:  https://t.me/aura_gold_ea Aura Oil Trader EA  is a fully automated EA designed to trade   BRENT crude   oil. 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 BRENT in 2001-2020 period. No dangerous me
399 USD
GoldenBot
SERGEI RIEBIN
GoldenBot is a diversified portfolio of various systems trading gold. Most gold trading systems you encounter are either pure trend ones or counter-trend ones. So they are only good at certain market phases. GoldenBot includes a number of trend and counter-trend systems making it to perform good during any market phase. System effectiveness is proven by live results (see below at Telegram channel). Monitoring :  https://www.mql5.com/en/signals/827470 Telegram channel:   https://t.me/accurateEAs
599 USD
Prado
Tatyana Kulyapina
PRADO es un asesor experto seguro. La estrategia comercial cumple con las reglas FIFO . El depósito mínimo es de 100 dólares. Comercio intradía desde niveles por tendencia. Monitoreo: https://www.mql5.com/en/signals/667212 Para pruebas: período H1 , todas las garrapatas. Herramienta USDJPY , los archivos de configuración se pueden descargar en comentarios, página 4, publicación # 75 La descripción de la configuración se puede encontrar en los comentarios, página 6, publicación #109 . Pronto se i
720 USD
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