PHOENIX is an automated algorithm based on 5 indicators and combines 4 systems that hedge each other and work in different directions.
The profitability of the algorithm depends on the settings and trading pairs you choose. Profit varies from 5 to 50% per month. The Expert Advisor is considered to be moderately aggressive, which means it is suitable for everyone.
The algorithm profitability depends on the settings you choose:
• Optimally conservative settings give from 3 to 15% per month;
• Moderate settings gives from 5 to 15%;
• Aggressive settings give from 15 to 50%.
Phoenix is a multi-currency, universal MetaTrader4 robot and the working drawdown will depend on the number of pairs, the more trading pairs are involved, the more constant the drawdown will be and it is more interesting to observe how the advisor works.
It can be set as conservative or aggressive, depending on trader's preferences.
PHOENIX trading recommendatoins:
Recommended pairs: EURUSD, GBPUSD, NZDUSD, USDCHF USDJPY, USDCAD, AUDUSD, EURGBP, CHFJPY , AUDCAD.
* Averaging step - 200pp, factor of calculation of the first order 2, deposit from 150$ and more 2-6 pairs.
Standard (default) settings:
*Averaging step - 150pp, the coefficient of the first order calculation 1.5, deposit from $150 and more 4-5 pairs.
*Averaging step - 100 points, the coefficient of the first order calculation 1.0, a deposit of 250$ and more than 6-8 pairs.
Read more on the developers' website.