Bird Phoenix
- Experts
- Yvan Musatov
- Versione: 2.1
- Attivazioni: 5
Professional expert Bird Phoenix analyzes the market using a special algorithm. The main operating principle of the bot is to analyze prices over a certain period of time and assess the strength and amplitude of the price according to its own indication system based on actual data. The Expert Advisor automatically closes the previous series of trades and prepares for a new one when the trend begins to lose strength and reverses. In addition, the bot takes into account overbought/oversold signals to make decisions.
On a buy signal, the price first falls below a certain level and then rises above it if the underlying signal system allows trading. To sell, the price first rises above a certain level and then falls below it, also when the underlying signal system resolves. The expert correctly handles errors and reliably manages capital, recommending using an amount of at least $1000, preferably $3000 or more.
To fully understand how the bot works, it is important to understand its parameters. A detailed description of the parameters will help users understand what settings are available and how they affect the bot's performance. This will help users determine if the bot suits their trading style and will allow them to choose the right broker to work with this expert. Basic parameters and key settings allow you to create an optimal environment for the bot to work. Money management options are also important: one of them offers work with a fixed lot, and the other calculates the lot depending on the available deposit. In addition, these settings determine the algorithm for entering the market.
Parameters of the Bird Phoenix Expert Advisor for the Forex market
Main parameters:
- MagicNumber: Unique identifier of orders (own/others).
- FixLot: Fixed lot for trading.
- Money Management On: Enable/disable money management.
- Money Management: Risk as a percentage of the deposit to calculate the lot size.
- CountSeria: Number of trades in one series.
- TakeProfit: Take profit level.
- StopLoss: Stop loss level.
- vTakeProfit: Virtual take profit level.
- vStopLoss: Virtual stop loss level.
- trStart, trStop: Trailing stop and trailing start parameters.
- LengthJAW, LengthTEETH, LengthLIPS, LengthDEVIATION, CountWARP: Parameters that define the rules for the bot.
Parameter details:
- MagicNumber: This parameter allows you to identify orders created by this Expert Advisor. It helps you distinguish your own orders from those of other traders.
- FixLot: Sets a fixed lot size for each trade. For example, if FixLot = 0.1, then each trade will be opened with a volume of 0.1 lot.
- Money Management On: This option enables or disables the Money Management system. If enabled, the expert will use the following parameter to calculate the lot size.
- Money Management: Determines the percentage of the deposit that the expert will risk on each trade. For example, if Money Management = 2, then with a deposit of $1000, the lot size will be calculated so that the risk is 2% of $1000, that is, $20.
- CountSeria: Sets the number of trades in one series. This can be useful for strategies based on a series of trades.
- TakeProfit: Defines the take profit level for each trade. The Expert Advisor will automatically close the trade when this profit level is reached.
- StopLoss: Sets a stop loss level to protect against large losses. If the price reaches this level, the transaction will be closed with minimal losses.
- vTakeProfit and vStopLoss: Virtual take profit and stop loss levels. They are not displayed on the chart, but are used for internal calculations of the Expert Advisor.
- trStart, trStop: Parameters for trailing stop and trailing start. A trailing stop allows you to protect profits by moving the stop loss to increase profits. Trailing start activates trailing only after reaching a certain profit level.
- LengthJAW, LengthTEETH, LengthLIPS, LengthDEVIATION, CountWARP: These parameters are used in the market analysis and signal generation algorithm. They can be customized to suit the trader's trading strategy and style.
Recommendations for use:
- Before using the Bird Phoenix Expert Advisor, it is recommended to conduct thorough testing on historical data (backtesting) to evaluate its performance and effectiveness.
- Monitor the current parameters and results of the bot’s work in order to make timely adjustments if necessary.
- Before using an Expert Advisor on a live account, start by testing it on a demo account to ensure it is suitable for your trading style and market conditions.
- Follow risk management and do not risk more than you are willing to lose.
- These parameters will help you more deeply understand the work and capabilities of the Bird Phoenix expert in the Forex market. Please remember that using trading robots always involves risk, so monitor the bot's performance carefully and make informed decisions.
