Phoenix EA v5.7
Logic:
- Trend-Following:
- Utilizes multiple signals including SMA, OsMA, and Envelopes indicators to determine trade direction.
- Buys if all conditions across the indicators are met for a buy signal, and sells if all conditions are met for a sell signal.
- Order Management:
- Manages trades based on user-defined modes and signals.
- Trades are opened depending on the signals and mode selected by the user, with options to manage up to three trades simultaneously.
- Trailing Stop:
- Implements a trailing stop that adjusts the stop loss to secure profits when the price moves favorably.
- Also includes break-even logic to adjust stop loss to the entry price after a certain number of pips in profit.
- Grid Trading:
- Opens multiple trades at different levels (up to three) to capture price movement in grid-like trading.
- Adjusts the lot size dynamically depending on account balance and market conditions.
- Money Management:
- Features dynamic lot sizing based on account balance, risk settings, and recent trade outcomes.
- Decreases lot size after consecutive losses to manage risk.
- Exit Strategy:
- Closes trades based on time constraints, profit/loss thresholds, and trailing stops.
- Implements a “Grace” period where trades are managed to minimize losses before closing.
