Dear Traders, I have found something interesting for you
While browsing internet - i have found very interesting
Free EA that You may try.
I have red a couple of reviews and testimonials about this EA, looks promising
to me.
It is available for free on free Forex sites.
It is not my software - please try to install and use by your self. I am not a
good
programmer and i will not be able to help you much with tech questions about
this EA.
Phoenix Forex expert advisor is a very
complicated EA.
It uses many standard MetaTrader 4 indicators (like moving averages and
envelopes)
to determine the position entry and exit points as well as position parameters.
This expert advisor has many input parameters and internally stored data sets
for each
of the five currency pairs it can be used to trade with. The abundance of the
indicators
and conditional checks make Phoenix expert advisor a little slower for CPU to
process.
Test of the Phoenix MetaTrader expert advisor
resulted in about $6,400 profit
using GBP/USD pair on a fifteen minute timeframe using 1 standard lot to open
positions.
Testing was done over a one year period, with maximum drawdown as little as $96.
Three years period showed the same performance.
What are the stop-loss and take-profit used by this EA?
It uses the variable stop-loss and take-profit values, but the average winning andHow often does it trade?
On 15-minute GBP/USD chart (the optimum settings)PhoenixEA.mq4 - do not click! right click and SAVE AS
Source: Available for free on some free Forex sites
If You are looking for a professional advanced (not
free) Robot and want to know my personal opinion:
The new GBPBOT robot
looks great to me. I sow real testimonials, live results... and
the GBPBOT team provides
outstanding REAL support 24/7.
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How install Expert Advisor for MetaTrader.
PhoenixEA.mq4 SAVE AS -
save the file to your PC.
(Skip this step if you already have MT4) Download and install MetaTrader 4 (Free
download
at http://www.metaquotes.net/
When you run MT4 for the first time it will prompt you to open a demo trading
account. Do
so. It is free. In fact you can open as many free demos as you want over and
over on the same
instance of Metatrader without re installing the MT4 software by simply going to
File > Open
Account.
To automate MetaTrader 4, place your EA file in the "experts" folder while
MetaTrader is not
running. The experts folder of your MT4 installation is usually: C:\Program
Files\MetaTrader
4\experts
Start MT4. You will notice the new EA in the navigator window on the left under
"Expert
Advisors". Drag and drop the icon of the EA to the chart you want to run it on.
This will
result in a pop-up box that will allow you to enter any external variables that
may be needed
on the "inputs" tab. Make sure you click on "Allow live trading" under the
‘common’ tab of
that box so the EA will work. You will typically also need to allow "Long &
short " trades to
be enabled.
Click OK. If you did everything right you will see a tiny smiling face at the
top right hand
corner of the chart with the name of the Expert Advisor program that you are
running next to
it. That’s it! Your automated trading system is now up and running.
NOTE : If the little face is not smiling, (if it has a frown) it means you did
not check the
"allow live trading" check box when you attached it. To fix this simply left
click anywhere on
the chart, and select "expert advisors" from the drop down menu and then
"properties" to get
to the current EAs properties. Once there, on the common tab, click to allow
live trading and
click OK
Note #2: If it is still not smiling, be sure the click the button in the
MetaTrader toolbar (right
in the middle) that says "Expert Advisors". It must have a green icon next to
it. If it’s red, it is
disabled.
Best regards
Karl Dittmann