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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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Chakra MT4
The Huy Phan
Chakra MT4 is a trending following EA. This EA uses a custom indicators to detect entry signal. The fixed stop loss and take profit are always set for each trade. This EA has smart money management. Users only need to determine the accepted loss for each trade, EA will calculate the lot size for each trade according to stop loss price. Therefore, this EA is very safe. This EA is very easy to use and can apply for many currency pairs. Recommended time frame is  H1. Recommended pairs:  EURUSD, US
1 000 USD
SFE Stealth
Joel Juanpere
The system looks for signs of reversal, in hours when the market is not strong and the risk of high movements is low. The system has the ability to work well with many symbols, and the correlation of the different symbols is generally very low, giving to the system a very high diversification, which reduces the overall risk. The system generally launches several trades every day, which added to the high diversification, provides the opportunity to aspire to a relatively stable growth. Signal
1 200 USD
Serenade MT4
Evgeniy Zhdan
🔥   The autonomous trading system Serenade works on the basis of a unique strategy for determining impulse movements after false breakouts and price rollbacks for a subsequent strong movement. 🔥   The Expert Advisor has been successfully tested with 99% quotes quality, floating spread and random ping since 2010. 🔥   Advisor optimization is not required. In the process, the algorithm of the adviser adjusts the sensitivity of the strategy. 🔥   This is NOT a scalper, NOT a martingale, NOT a
1 320 USD
White Shark
Elie Almachaalany
White Shark is a fully automatic Expert Advisor. It can actually outsmart a market by placing BUY and SELL orders when the requirements are met. It uses an advanced technology to place orders in the right time with the right lot. This robot is designed for beginners yet expert traders: Most of the inner parameters are hidden from user so that even a beginner will not mess up. You can download this Ea and back-test. I personally used a 99.9% real tick data for back-testing for an accurate result.
599 USD
TWO Direction MT4
Sugianto
Two Direction is specially made to trade correlation   between currencies   , both positive correlations and negative correlations. This expert is the result of many years of trading experience that has been applied as an expert advisor. At First, only for semi manual, like set n forget bot, but it can also be used as a scalper. You do the analysis in the morning of the Asian session, if there is a pair that can be traded, install the bot, use vps, and the rest of the bot will do its jo
500 USD
Money Printing Machine MT4
Caroline Huang
Important Note: the Selling Price of this EA will increase by 10% once 10 units are sold. Get Yours Now! Introduction True to its name... the Money Printing Machine (MPM) EA will make money in Uptrend, Downtrend, Ranging markets. The High-frequency trading algorithm will even allow for profiteering from forex rebates brokers i.e. RebateKingFX, PayBackFX, CashBackForex etc. Prices move in money markets and MPM is designed to capture and profit from these movements. MPM does not rely on ind
1 000 USD
GerFX Forex Cyborg
Exler Consulting GmbH
Forex Cyborg is a established expert advisor since 2017 on the market. There is a huge number of customers that trust in Forex Cyborg already and now it's newly available here on the MQL Store. Before you buy a night scalper please be aware of the risks involved: 1) Past performance is no guarantee of future profitability.  2) The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore do not give a realistic prediction of future profitability. 3) An
650 USD
AW Scalping Dynamics EA
Alexander Nechaev
Advanced trading on trend reversals. The EA does not use grids or martingale. But, if necessary, they can be used in the input settings. 3 types of notifications and position locking when the maximum basket load is reached. The default settings are recommended for EURUSD on the M15 timeframe. How the EA trades:   First of all, when trading, the current trend activity is taken into account (the "   Main Trend filter   " variable). The smaller it is, the higher the probability of a reversal and
395 USD
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