Hello,
I have been working on maintaining the code for Phoenix since Hendrick decided he wanted his life back (thousands of users).
The main Phoenix location is forex-tsd.com/phoenix/ The sticky threads have the FAQ and Development threads, with the most recent version in the first post.
I do not recommend using Phoenix 5.6.3 with Mode 2 or Mode 3, it has a lot of bugs. Mode 1 works fine. In Phoenix 5.6.6, Mode 1 changed to be slightly more consistent with placing trades (so 2 people using the same broker get similar trades).
Mode 2 and 3 are still being debugged, we are trying to make these versions stable. The main intent of Mode 3 is to break up a trade into 3 parts. If the first part (at 0.5 of normal profit) exits, then the other two parts (at 1.0 * profit and 1.5 * profit) will not loose money - at worst they break even.
Phoenix is "settings fragile" and it may need some new settings. The main Phoenix forum has two threads dedicated to this purpose (one research, another publish) as well as several guides and manuals. Most people are still making money with the default settings, averaged over a several currencies.
Phoenix 6 will start development after we have a stable working version of Phoenix 5.6.x We don't recommend IBFX as a broker for Phoenix, (or at all) and tests show about 3x the profit using different brokers.
We are also setting up a Phoenix Fund, for people to donate or use as an introducing broker. Using PhoenixFund as an IB donates money out of the brokers pocket and doesn't cost users anything. We have been approved, but paperwork is still processing. Donations (minus bank fees only) are used to trade Phoenix. Profits from trading (and not donations) will be donated to nonprofits and charity projects. We may have a separate "for development & maintenance" fund since we have received several offers.
Phoenix Code Maintainer