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MetaTrader expert advisor. Phoenix.

admin — Wed, 26 Aug 2009 08:28:48 +0000

MetaTrader expert advisor. Phoenix.

As you remember, before few days I started to describe MetaTrader expert advisors collection. I will show you only highly profitable forex expert advisors for the metatrader. Last time we saw main advantages of Framework expert advisor, which based on main Forex indicators and has test profit more than 200%. Today I will acquaint you with different MetaTrader expert advisor which called Phoenix.

MetaTrader expert advisor. Phoenix.

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.

Main data about “Phoenix Expert Advisor”:

MetaTrader expert advisor	Phoenix advisor.
Rating of advisor	8/10
Currency Pairs	GBP/USD, EUR/JPY, USD/JPY, USD/CHF, GBP/JPY.
Timeframes	15 minute timeframe.
Test Lots	1
Best Result With:	GBP/USD (M15 graph)
Based on Forex indicator	MA(moving averages forex indicator), EA, envelopes…
Test Profit	~ 70%
Test Max DrawDown:	~ 0.8%-1.2%
Test Period	11/02/2007–21/02/2008
Users rating	8/10

Remember, all Forex advisors yo will find here, you can download absolutely free. For more information about quickly installation of the expert advisors read in our Forex help section.

Now you can Download Phoenix expert advisor free.

MetaTrader expert advisor. Framework.

admin — Thu, 13 Aug 2009 08:15:01 +0000

MetaTrader expert advisor. Framework.

Framework Expert Advisor detects the most improbable moments of breakout and enters from channel borders. Thanks to unique algorithm the Framework Metatrader expert advisor works all day and night and is not run the danger of night spread extension. Framework Forex expert advisor uses three Commodity Channel Index, most known as MetaTrader 4 Indicator CCI. Indicators crosses to determine position opening and closing. It is very simple, yet effective expert advisor. It also performs checks for available free margin to stop trading if it is bankrupt. This MT4 advisor doesn’t trade if bars didn’t change or there were no 100 bars yet.

MetaTrader expert advisor. Framework.

My test of Framework MetaTrader expert advisor gave a very good result using GBP/JPY currency pair on a daily chart using just 0.1 standard lots – about $20,000 profits over $10,000 account in one year, with just about $2,000 maximum drawdown. I’ve also checked it on a three years period and its performance showed the same stability.

This MetaTrader expert advisor uses pending limit orders. Why? Because it guarantees coincidence of back and forward test and also work on real Forex market with any volumes of transactions.

What are the stop-loss and take-profit used by this MetaTrader Expert Advisor?

It uses 255 pips take-profit, but doesn’t use a stop-loss on its orders. It should be on to close your orders when they are losing. The average losing order is 500 pips.

You have to know, how often does it trade? On daily GBP/JPY chart (the optimum settings) this expert advisor will trade 1-2 times a week on average.

Important!!! In an emergency case, when it is impossible to set the limit order, the metatrader expert advisor is opened from the Forex market, that is the double mechanism of protection of tests.

For more information about seting any MetaTrader Expert Advisor read our Metatrader expert advisor. Quickly installation guide.

Main data about “Framework Expert Advisor”:

MetaTrader expert advisor	Framework advisor
Rating of advisor	8/10
Currency Pairs	All
Timeframes	All
Test Lots	0.2
Best Result With:	GBP/JPY (D1)
Based on Forex indicator	CCI
Test Profit	~ 250%
Test Max DrawDown:	~ 27%
Test Period	01/03/2008–01/04/2009
Users rating	8/10

Now you can Download Framework expert advisor free.

Metatrader expert advisor. Quickly installation guide.

admin — Sun, 02 Aug 2009 10:39:46 +0000

Metatrader expert advisor. Quickly installation guide.

Before few days, I told you about automatic forex system trading. Today we will continue to discuss mechanical trading systems and I’ll tell you what does it mean Metatrader expert advisor, how it can help to trading process on Forex market (by using main Forex trading strategies) and how can you easy and quickly to install Metatrader expert advisor.

MetaTrader Expert Advisor

Few words about MetaTrader Expert Advisor and why so many Forex traders around the world are using this perfect Forex technique. Let’s see the advantages of MetaTrader Expert Advisor:

First of all it is a completely automated trading system.
Expert Advisor is using only unique Forex trading strategies.
It’s based only on really tested Forex strategies!
Only best Forex patterns and strategies embedded into expert advisors.
MetaTrader Expert Advisors excludes(!!!) the human factor. It’s very and very important factor.
It’s flexible system for free testing of your own Forex strategy on historical data.
It’s open source code system. You can easy program your own expert advisor for free.
You can easy embed other Metatrader expert advisor(see below).

As you know, Metatrader - is the famous Forex trading platform around a Forex world. It has a variety of advantages and useful functions compared to other Forex trading platforms. Another big advantage of MetaTrader 4 trading platform – absolutely free of charge and convenient for trading on the Forex market.

After you saw all powerfull and importance of Metatrader expert advisors, let’s see how quickly and easy install any Metatrader expert advisor on Metatrader forex platform.

MetaTrader Expert Advisor Installation Guide.

1) First of all you have to know what metaTrader expert advisor should have .ex4 or .mq4 file extension(ex4 extension – compiled code and mq4 extension – source code)!

2) After downloading or creation of your own expert advisor it’s necessary to copy file to the MetaTrader Expert Advisor folder – root directory, in which you installed your MetaTrader 4 Forex terminal.

MetaTrader Expert Advisors folder - root directory.

3) After it you must restart MetaTrader program(close MetaTrader platform window and start terminal again).

4) Now, after restarting the MetaTrader 4, you can open installed Expert Advisor (in the Navigator window section) and start to use it. It’s really easy!!! Now you can enjoy your installed Metatrader expert advisor.

Metatrader expert advisor.

But sometimes you can run into errors. Don’t worry. Let’s see how can we decide these problems:

1) Your Metatrader 4 platform has MQL file editor. To open it, just press F4 button.

2) If you have an ex4 file only, then an icon in the window Navigator will be grey.

3) If you have any errors in a source code, then an icon in the window Navigator will be grey too.

4) After it, just open error source file in MQL file editor(F4) and try to compile if by pressing on F5 button or “Compile” button(at the center top of the editor window). In most cases it must help you to fix those errors.

5) After success compilation, all you need to do is activate your installed Metatrader expert advisor.

MQL file editor.

Next time I will start to describe the main types of Metatrader expert advisors. I will show a really examples of these Metatrader expert advisors. Also, I will add some types of MEA for free download. I hope that this article was useful.

In the end let’s see small and useful video tutorial: “How To Install, Load and Run Metatrader Expert Advisors”.