Fenix ​​EA MT4

Fenix ​​Trading Advisor - trending adviser working on offline Renko charts. Renko charts are created using a free advisor RenkoLiveChart, which is set at a chart of M1.

Parameters for RenkoLiveChart advisor:

• RenkoBoxSize = 10


• RenkoBoxOffset = 0


• RenkoTimeFrame = 2


• ShowWicks = true


• EmulateOnlineChart = true

The counselor realized 3 trending strategy aimed at achieving a small profit (Scalping Strategy). The entrance is in the presence of a trend change in the other direction. This input method is effective only on the charts Renko! If you use it on any available timeframes, adviser will be unprofitable.

Closure orders are based on the Group's profit at the close of the candle or in the preparation of the return signal.

Upon receipt of the signal at the input of the adviser opens a transaction to buy or sell orders, taking into account ID.

For example, upon receipt of the first signal on the purchase advisor opens a buy order with the starting lot 0.01. Next awaits the opening of a new candle. Suppose, at the opening of the candles deal was in positive territory - in this case it will close adviser and the series is considered closed.

Further, for example, it was a signal for sale - opened sell order with lot 0,01 (id1). Next, it opened a new candle, but the order is in the red - the adviser is not obstructed. Further, there was a buy signal - first closing sell order 0,01 (id1) and the first open purchase order of 0.02 (the sum of the previous order +0,01) (id1 - because the whole lot of loss) and a second buy order 0 01 (id2). Suppose, at the opening of the next candle deal with id2 and id1 were in positive territory - the transaction closes 0.01 id2 and id1 deal holds (as the total loss of the first order to sell more than the total profit of the warrants to purchase). On the next candle, for example, the total profit of all transactions with id1 is greater than 0, all open transactions with id1 closed and the series is considered closed.

The main parameters of the adviser:

• S1, S2, S3 - 3 trading strategies used in the EA Fenix. Each of them can be enabled (true) or off (false);


• Lots - the lot value (minimum value of the lot is governed by your broker). Per 1000 units recommended deposit item - 0.01;


• Friday close - on / off forced the closure of all orders at the end of Friday's session at a given time (the time specified in 00:00 format);


• MAXID - the maximum number of warrants (0 - unlimited);


• Reverse signal - on / off a reverse signal reception strategy (can be used on low volatility vapors; recommended to conduct testing or trade demo account);


• Magic - the magic key advisor. Established in order to distinguish their orders Advisor to trade at the same time trader, or other advisors.


• Stop loss and Take profit - configurable options stop-loss and take-profit orders to be opened;


• Slippage - Slippage. You can be set manually. It is recommended not to change;


• MarketWatch - if you use ECN-account and at the same time you want to set the parameters of stop-loss and take-profit, activate this option. If not - leave disabled.

There is also a customizable settings in the EA Fenix ​​"breakeven" and "trailing stop". Initially, these parameters are not set as adviser to successfully trade without using them. You can spend advisor test and set these options on your own.

There is also the ability to customize advisor trading hours during the week.