Let’s see the main advantages of this Forex MetaTrader expert advisor. Phoenix advisor is a type of EA forex indicator, but more complicated. This forex indicator is based on many different MetaTrader 4 indicators, for example: MA(moving averages forex indicator), envelopes… As I said before it’s not simply indicator and it has many input parameters.This MetaTrader expert advisor has best profit result on next currency pairs: GBP/USD, USD/JPY, EUR/JPY, GBP/JPY, USD/CHF. Off course, you can try this advisor on another currency pair, but after many months of different tests I would not do it .

The complication of Phoenix MetaTrader expert advisor causes of your computer going slower. Now few words about my test of the Phoenix MetaTrader expert advisor. Testing was done over a one year period and result was about $6,100 profit! I main profit was on GBP/USD currency pair(remember, it’s very risky pair). I used only 1 lot and 15 minute time-frame chart. The maximum draw-down was near 110$.

And what about stop-loss and take-profit? I have to tell you, Phoenix MetaTrader expert advisor uses the variable take-profit and stop-loss values. The average winning and losing position yield 130 and 140 pips on average respectively. It trades 2 times in 3 days on average.