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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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Price: $499 8 of 10 copies left at this price Next price $599 Live Signal https://www.mql5.com/en/signals/951561 Signal      https://www.mql5.com/ru/signals/907932 Version for mt5   https://www.mql5.com/ru/market/product/60509?source=Site+Profile+Seller The work of this EA based on machine learning algorithms with using standard indicators of mt5 trading platform. EuroTrend4 uses next indicators: Moving Average, Bulls Power, Bears Power, ATR. EA open deals only with trend. There is possibility 
499 USD
XaulityFX
Bernard Situmeang
XaulityFX uses an Advanced-Smart Breakout System for Scalping analyses the market conditions. This unique feature allows XaulityFX  to maximize your profits and minimize the drawdown. All trading instan orders opened are assigned individual stoploss levels and will be managed by Advanced TrailingStop. XaulityFX has great Scalper assortment of Smart & Safety Trading, for long period of development which make profitable strategy over a long period of trading. XaulityFX is an Advanced-Smart Bre
500 USD
Cherokee
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 - totalmente automático multimoedas sistema de negociação para a noite de escalpelamento.  Versão do conselheiro ScalperMultiCharts para o terminal de MT5 https://www.mql5.com/ru/market/product/33510 O acompanhamento do trabalho de conselheiro, você pode ver aqui  https://www.mql5.com/ru/signals/732551 Características  -Conselheiro comercializa no EURUSD, usd / chf, gbp / usd, usd / cad, USD / jpy, aud / usd, o NZDUSD, AUDCAD, AUDCHF, AUDNZD, CADCHF, EURCHF, NZDCAD, EURCAD
399 USD
True Range Pro
Smart Forex Lab.
Accurate Night/Intraday Scalping & Smart Grid System Expected perfomance 5-10% / mo  (eurusd M5) 20-40% / mo (gbpusd M1) Features 100% automated trades Hard stoploss for every position Dynamic basket takeprofit High spread protection Fixed & Auto volume Easy to use & ready to go 2014-2020 99% tick quality optimized & backtesed True Range Pro MT5 >>  https://www.mql5.com/en/market/product/54578 Set files   https://www.mql5.com/en/blogs/post/726783 Monitoring   True Range MT5  (True R
495 USD
Amar Ya Alexandria EA2
Samir Arman
Hello all Signals on a real account from here The expert is working on the zig zag indicator With Fibonacci levels Moving average indicator The method of opening deals depends on the numerical method of all indicators together Entering into a position buy or sell  With the cooling of the multipliers, the closing of the winning buy deals and the closing of the winning selling deals You can try with the same settings One of the best frames M5 With the experience, the best Fremat appears. aramet
400 USD
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