Phoenix EA V5.6.03
Phoenix EA V5.6.03 — a MetaTrader 4 expert advisor (trading robot) kept in the Old Kings collection. This copy is version 5.6.03. Its source code uses MACD and moving averages. It moves the stop behind price, can size trades from your risk and has a news filter. It has 40 settings, for example General Settings (default ===== General Settings =), Phoenix Mode (default 3) and Lots (default 1). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v5.6.03 · Free
About Phoenix EA V5.6.03
Phoenix EA V5.6.03 is an expert advisor (trading robot) for MetaTrader 4 based on MACD and Moving Average. It moves the stop loss behind price (trailing stop / break-even), can size trades from your balance and risk percent and has a news filter. It has 40 settings, such as General settings, Phoenix mode and Lots. MQL source code included.
It also works on several symbols at once.
Files in the download: Phoenix_EA_v5_6_03.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| General settings | ===== General Settings ================= | |
| Phoenix mode | 3 | |
| Lots | 1 | Trade size in lots |
| Maximum risk | 0.05 | Risk per trade (percent of balance) |
| Decrease factor | 0 | |
| MM | true | |
| Account is micro | false | |
| Pref settings | true | |
| Close after hours | 0 | |
| Break even after pips | 0 | Move the stop to break-even |
| Mode1 | ====== Phoenix Mode 1 (Classic) ======== | |
| Take profit | 0 | Take profit distance |
| Stop loss | 0 | Stop loss distance |
| Trailing stop | 0 | Trailing stop distance or switch |
| Mode2 | ====== Phoenix Mode 2 (Second trade)==== | |
| Mode2 open trade 2 | 0 | |
| Mode2 take profit | 0 | Take profit distance |
| Mode2 stop loss | 0 | Stop loss distance |
| Mode2 close first trade | false | |
| Mode3 | ====== Phoenix Mode 3 (Three trades at o | |
| Mode3 close trade2 3 | 0 | |
| Mode3 take profit | 0 | Take profit distance |
| Mode3 stop loss | 0 | Stop loss distance |
| Signal1 | ====== Signal 1 ======================== | |
| Use signal1 | true | |
| Percent | 0 | |
| Envelope period | 0 | Period or timeframe used by the calculation |
| Signal2 | ====== Signal 2 ======================== | |
| Use signal2 | true | |
| Sma period | 0 | Period or timeframe used by the calculation |
| Sma2 bars | 0 | |
| Signal3 | ====== Signal 3 ======================== | |
| Use signal3 | true | |
| Osma fast | 0 | |
| Osma slow | 0 | |
| Osma signal | 0 | |
| Signal4 | ====== Signal 4 ======================== | |
| Use signal4 | true | |
| Fast period | 0 | Period or timeframe used by the calculation |
| Fast price | PRICE_OPEN |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Trailing Stop & Break-even · Risk & Lot Size · News Trading · Multi-Currency · MACD · Moving Average · MT4 Expert Advisor · MQL4 Source Code