EA Phoenix Rise MT4
- Experts
- Version: 1.5
- Activations: 10
EA PHOENIX RISE
Expert Advisor for MT4/MT5 | Grid + Averaging System
Strategy
EA Phoenix Rise is a Grid/Averaging Expert Advisor. It opens the first order when multi-indicator entry conditions are confirmed, then adds additional orders as price moves against the trade. All open orders share a single Weighted Average Price (WAP) Take Profit, closing the entire position at a profit once the average price is reached.
✔ Grid + Martingale with configurable lot ladder
✔ Smart TP — Weighted Average Price closes all orders together
✔ Multi-indicator entry filter (EMA + Bollinger Bands + MACD)
✔ Distance + Bar Close filter reduces noise entries
✔ Auto New Order after TP hit
✔ Works in both Ranging and Trending markets
✔ Low DD even with Martingale — entry filter keeps first order accurate
Entry Signals
BUY • EMA5 ≥ EMA9 ≥ EMA14 (bullish EMA alignment)
• Close ≥ Bollinger Upper Band (20) (price breakout)
• Close ≥ EMA21 (above long-term trend)
• MACD Main < 0 (catches reversal momentum)
SELL • EMA5 ≤ EMA9 ≤ EMA14 (bearish EMA alignment)
• Close ≤ Bollinger Lower Band (20) (price breakdown)
• Close ≤ EMA21 (below long-term trend)
• MACD Main > 0 (catches reversal momentum)
Additional orders open at each Step interval. The cycle closes when Weighted Average Price TP is reached, or when Close by Money limits are triggered.
How It Works
Order Mode BUY ONLY / SELL ONLY / ALL TYPE (selectable)
Grid Logic BUY and SELL grids run independently
Lot Sizing Configurable per level — lot_1 to lot_50
Max Orders Up to 50 orders per direction
Take Profit Weighted Average Price + TP offset (points)
Close by Money Optional global TP/SL in account currency
Platforms MT4 and MT5 compatible
Recommended Account Cent account for precise lot control
Input Parameters
Parameter Default Description
Select_Open BUY Trade direction: BUY ONLY / SELL ONLY / ALL TYPE
MaxOrderBuy 50 Maximum BUY grid orders per cycle
MaxOrderSell 50 Maximum SELL grid orders per cycle
TPbuy 500 Take Profit distance in points (BUY)
TPsell 500 Take Profit distance in points (SELL)
End_Bars ON ON = open only on new bar close / OFF = every tick
Step 500 Minimum point distance between grid orders
Use_Close_by_money true Enable global profit/loss close
TP_money 10000 Close all when total profit reaches this value
SL_money -10000 Close all when total loss reaches this value
lot_1 – lot_50 0.01–0.50 Lot size for each grid level (fully customizable)
Recommended Setup
Symbol XAUUSD (Gold) or any major Forex pair
Timeframe M1 – H1 (M1 recommended for Gold)
Account Type Cent account recommended for beginners
Broker ECN/STP with low spread on XAUUSD
Starting Lots lot_1 = 0.01, lot_2 = 0.02, lot_3 = 0.03 ...
Risk Warning
⚠ Important Risk Disclosure
This EA uses a Grid and Martingale system. Lot sizes increase with each additional order. During strong one-directional trends, drawdown can increase significantly.
Always run a backtest before going live. Find settings (Lot size, Step, SL) that match your risk tolerance and understand how the EA behaves in different market conditions.
Past performance does not guarantee future results. Only trade with capital you can afford to lose.
Contact & Support
Developer Coach Man — Finnnovate FX Thailand
Website https://www.finnnovatefx.com
LINE OA @finnnovatefx
Facebook Finnnovate FX Thailand
YouTube Finnnovate FX Thailand
Using an Expert Advisor involves risk. Users should study and backtest thoroughly before making any trading decisions.
