Phoenix EA - 2nd Place at Automated Trading Championship!

[nicesurf]

Originally Posted by hamidur4u

Dear traders
I am new in forex trading.
I star my real trading with USD$ 1300, at 7th May 2007. My broker name is crown forex.
Already I lost my USD$ 700. now few day I am not trading. Because of I don’t lost my rail USD$ again. Now I am practicing in demo account.
Some one advise me which Trading Systems I should use for major currency.

My trading Statement
Crown Forex SA
A/C No: XXXX Name : MAKSUDUR RAHMAN
Deposit/Withdrawal: 1 300.00Credit Facility: 0.00Closed Trade P/L: -653.32 Open Trades:Flotingb P/L:0.00 Working Orders:TicketOpen TimeTypeLotsItemPriceS / LT / PMarket Price No transactionsA/C Summary: Floating P/L:0.00Closed Trade P/L:-653.32 Total Credit Facility:0.00Deposit/Withdrawal:1 300.00 Equity:646.68Balance:646.68 Margin Requirement:0.00Available Margin:646.68Best Regards

If I were you I would stop using the system. You have lost 50% of your account. There are so many easy system whic can make you profit.

[Shimma]

Hi Guys,
Am reading this post with interest & look forward to checking out Phoenix EA in more detail. But when i first saw the title of the thread the first thing that came to mind was what EA won the championship.
Does anybody know?

Regards

[maikh]

Hello Scorpion, thanks for posting the Phoenix EA. But the MODELLING QUALITY and ULTIMATE-GUIDE (PDF) cannot be downloaded and as such i cannot review the report. i think these files are corrupt. can u pls upload new ones.
thanks,
Maikh

[jgerousis]

I have never believed in EA's. I always believed in manual trading. However, I came across a few good EA's recently. Some for free some paid. After studying them, I started to see that there are potential in EA's. However, this does not mean that one cannot trade them manually, they can be.

As for the selling of EA's, after 7 years of experience in trading, yes, there are people who make money in selling EA's than in forex. They just are not confident enough in their EA. Many EA's make profit, but at some point they lose much. They even collapse, especially for those martingale, non SL EA's.

If you want to identify a good EA, you have to look for the following:

1. It SHOULD use SL.
2. Risk to Reward ration should be less than 1
3. Hit ratio should be above 50%
4. It should work in backtests, on at least the 4 major currency pairs without any tweaking or special parameters for every pair (And this is very important).

Regards
Yanni

[amir82]

hello mates.This issue-I mean Phoenix EA-is going more and more complicated.There are enormous settings and also plenty of versions.Who can kindly let me know what versions and settings are most profitable?
thank you

[keput]

hello.... can some buddies send me are good EA without loss..
i already use phoenix _EA_5but still loss

[lkimsu]

Hi! every one, I'm very hapy to find this forum, I wish learn a lot from here.

[efendy69]

Hello all 4x bros,
I've been in involving in forex trading for 6 months, mostly in Demo trade than live trade, cos i've find out that is not easy as it is as it was first expected, right now still looking for the best method to trade, hopefully so i can get help and proper guide from the experienced down here.

[mighty1]

Hi all
Thanks for posting the Phoenix EA, i will try test it in Demo ..

[teldon]

hi, i want to use this EA on a live account micro on USDJPY . What time frame and what settings to use ? Please help . We can do some real test on this EA.
thx
teldon