Buy Phoenix FTMO (EA for MT5)

Discussion in 'MQL5 Market' started by Pinha, 14 March 2023.

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  1. Pinha

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    #1 Pinha, 14 March 2023
    Last edited by a moderator: 1 April 2023
    Phoenix FTMO (EA for MT5)
    V1.21


    MQL5 Live Signal: https://www.mql5.com/en/signals/1875822

    An excellent EA with fantastic cost and benefit!


    Product Presentation on MQL5 Website:

    Phoenix is an innovative trading robot designed to help traders maximize their performance in the financial markets. The name "Phoenix" is inspired by the legendary bird that rises from its ashes, symbolizing the robot's ability to adapt to changing market conditions. The robot's name implies that the robot is designed to help traders achieve the performance targets required to receive funding from the Prop Firms.
    Phoenix is equipped with advanced algorithms and artificial intelligence to analyze market data and make informed trading decisions. It can identify market movement patterns and trends and execute trades quickly and precisely. Its risk management system is designed to minimize losses and protect capital, which is essential for long-term success in the Forex market. The robot is user-friendly and can be easily integrated with the Meta trader platform, making it accessible to traders of all experience levels. Its flexible settings and customizable features make it a versatile tool that can be adapted to different trading styles and preferences.

    No optimization is necessary; the best options are set as default.
    For detailed parameter description refer to the video tutorial.

    Main features of the EA:

    There is no Grid or Martingale.
    Standard TP/SL ratio
    Stop-Loss orders for each trade
    Capital risk management
    User-friendly expert advisor
    Default Optimized Settings
    A full-service forex system that manages all elements of automatic trading.

    How do I get the signals and MT4 version of the EA?

    Live signals: Check mql5 signal.


    EA Parameters:
    Symbols setting


    symbols = Name of the pairs on which you wish the bot to trade
    symbol suffix = A string to be appended at the end of the symbol name
    symbol prefix = A string to be added at the start of the symbol name


    Performance


    balance risk % = The percentage of the balance that will be used for each trade
    minimum lot size = The minimum trading lot size
    maximum lot size = The maximum trading lot size
    Market Fluctuation = Higher number will reduce the open positions in the same symbol
    max spread allowed for opening trades = set the maximum spread for you trades
    Min distance between trades of same pair (points) = you can set the minimum distance between the opening price

    Bot identification settings

    magic number = A special value associated with each position this EA takes
    order comment = If desired, write a brief comment on the orders

    Trailing settings

    Trailing pips, 0:eek:ff = Trailing pips means the SL will follow the price with tihs distance
    Trailing Start in pips = When the current price is above the open price about X pips the trailing starts

    Martingale main settings

    Turn on Martingale = This option activates the martingale.
    Method for calculating TP for martingale* = You may select how to set the TP of martingale orders using these inputs

    1. Set on average of all TPs = Establish the closing level in the average of all TPs *
    2. Set all TP at initial TP = Put every TP at the final order TP level
    3. Set TP on previous order open price = TPs are set to the last order open price
    4. Distance of previous order open price = Set the TP in percentage terms from the last order open price and the current price
    Continue Martingale based on signal settings

    Only continue Martingale when the signal comes = This option uses the RSI to determine when to begin new trades
    Timeframe_rsi_martingale_signal = RSI timeframe setting
    RSI period = Period of RSI for filtration
    RSI low value = Low filter value level for RSI
    RSI high value = High filter value level for RSI
    Reverse RSI = In this case, the high and low numbers are reversed

    Profit calculation setting for Martingale

    Profit type = How much money you'll make after all martingales are closed. where you can select whether it's in percent of the balance or in US dollars
    Profit (USD) after closing Martingale positions = If you choose USD, the profit is calculated using this number
    Profit (% of balance) after closing Martingale positions = If you choose % of balance, this amount is used to determine the profit

    Prop Firms Options:

    Not open trades after max draw down = if equal -1.0 disable, if you set for instance on 20 then reaching 20% drawdown it will not open positions
    Close open trades after max draw down = Set it on true and If draw down reaches the specified draw down above, it will close the positions
    Add TP and SL random pip = Set it on true, the EA will Add random pip to SL and TP in case of making difference between open positions
    Closing on Weekend at hour = if equal to -1.0 disable, if for instance set it on 19 it will close trades Friday on 19 hour (0-24 hour scale)

    Recommendations:

    Recommended pairs: EURAUD, NZDCHF, GBPAUD, CHFJPY
    Recommended setting: Run the expert on the EURAUD H1 chart
    Recommended Lot and Risk: 1%.
    Brokers: all brokers offering these 6 recommended forex pairs.
    Minimum capital: 1000 USD
    Minimum leverage: 1:30 or higher with a specific setting



    dll msimg32

     
  2. Pinha

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  4. Pinha

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  5. Credo45

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    This bot is a monster. Low drawdown. I think that with the right settings it can pass Ftmo challenge easily
     
  6. Credo45

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    C’mon 3 more participant!
     
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    Paid BUSD TY - 0x3d3810f2dc9985c3ae0612045ec5a3c2bbc02772857bcd67927b6693d9bd3449
     
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    Paid with busd
     

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  18. GOODMEN

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  19. Credo45

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    C,mon people, pay! So we can use this bot to pass some propfirm challenge. Look at the statics. Nice gains with a low Drawdown!
     
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