EA Phoenix Rise MT5

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
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.

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4.8 (5)
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