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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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Distance Breakout
Joel Protusada
Distance Breakout EA   is a Forex Robot that uses a set of calculated distances. One for Buy Long and another one for Sell Short, and automatically detects true price breakout based on that distances. It uses two sets of number of bars, Fast and Slow periods, to calculate and analyze the breakout. Click here to get the demo version so you can forward-test:  https://www.mql5.com/en/market/product/59780 Very Important This Expert Advisor can not run with any EAs in the same account. As par
390 USD
Andrey Kolmogorov
Cherokee is a professional adviser based on a trend tracking system with an adaptive algorithm. New sets are in the "Comments" section comments #1. Signal:   https://www.mql5.com/en/signals/765421 Main Advantages 6 currency pairs; The EA does not use Martingale ; The minimum starting deposit is $300; No need to close the robot during news releases; It works with 4 and 5-digit quotes; A multi-level model of a quantum set . Working parameters Currency pairs : EUR/USD, GBP/USD, EUR/CHF, USD/CHF,
499 USD
Ronin FX
Evgenii Golovanets
Price: $499 5 of 10 copies left at this price Next price $599 Recommended broker Recommended broker №2 Live signal real   https://www.mql5.com/en/signals/935858 Live signal demo   https://www.mql5.com/en/signals/856765 Telegram channel   https://t.me/rocketman_ea Ronin FX is a fully automated expert adviser, which implements convenient features to perform multicurrency high frequency trading with the ability to widely diversify trading risks. This Forex robot uses 3 deals for trading, with the
499 USD
Scalper MultiCharts
Denis Nikolaev
Scalper MultiCharts es un sistema de comercio multi-moneda totalmente automático para el scalping nocturno. ScalperMultiCharts Advisor versión para terminal MT5   https://www.mql5.com/ru/market/product/33510 El monitoreo del trabajo del asesor se puede ver aquí  https://www.mql5.com/ru/signals/732551 Particularidades - Asesor de comercio en EURUSD, USDCHF, GBPUSD, USDCAD, USDJPY, AUDUSD, NZDUSD, AUDCAD, AUDCHF, AUDNZD, CADCHF, EURCHF, NZDCAD, EURCAD, EURGBP, EURNZD, EURAUD, GBPAUD, GBPCAD . -
399 USD
Syn3rgy EA
Paul Crooks
Syn3rgy is a multicurrency scalping EA trading on EURUSD, GBPUSD, USDCAD, USDCHF, EURGBP, EURCHF on a M15 timeframe. Syn3rgy has a unique entry and exit strategy combining both time and filtering mechanism to manage trades. Features Fully automated Forex trading robot A safe, accurate and unique trading strategy Developed with over 5 years of data Effective Money Management, Exponential growth Start with as low as $50 Works on all brokers preferable low spread brokers. Parameters No_of_Trade
449.99 USD
Turtle Scalper Pro
Michela Russo
Turtle Scalper Pro is a trading robot  for the trading on forex. This is a mix of Trend Following and Counter Trend 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   Gold Butterfly Scalper Pro ! (All future updates included) -> To Receive it, Please Contact me by   mql5
395 USD
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