Available soon
Loading product…
Golden Phoenix is an MT4 expert advisor that trades against short-term price moves and can add positions with a configurable lot multiplier. It has inputs for lot sizing, price limits, trading hours and basket profit or loss targets.
Get one message the moment it launches, with its price.
Golden Phoenix is an expert advisor for MetaTrader 4 that trades against the current direction of price. It can open several positions with a defined spacing, scale the lot size by a multiplier, and close the whole basket once a profit or loss target is reached.
The EA looks for opportunities to enter against the prevailing move and manages the resulting trades as a group. When averaging is enabled, further positions are opened at a set distance from the earlier ones, and the lot size can grow by a coefficient after a chosen number of entries. A cap on the maximum lot and a limit on the number of positions restrict how far this goes.
You can also choose whether new trades are placed on normal candles, and whether older positions have their take profit adjusted when a new position opens. A freeze option can hold the largest volume and close the other trades against it.
The product information does not list specific symbols or timeframes. The price limits for buys and sells are set per symbol, so you should configure them for the instrument you attach the EA to. Test the same chart and timeframe on a demo account before trading real money.
The inputs fall into three groups: main settings, volume settings and trade settings. Exact default values are not given here, so read them in the input window after attaching the EA.
| Group | Input | Purpose |
|---|---|---|
| Main | Magic number | Identifies the EA's trades; zero picks a number automatically |
| Main | Deviation | Maximum allowed difference between requested and executed price |
| Main | Open buy / sell positions | Turns each direction on or off |
| Volume | Fixed lot | Uses one lot size for every entry |
| Volume | Start lot per 1000 | Automatic size from balance when fixed lot is zero |
| Volume | Multiplier, count increase, coefficient, max lot | Control how lot size grows when averaging |
| Trade | Max positions, distance | Limit and space the averaging positions |
| Trade | Stop loss, take profit (points) | Fixed exits in points |
| Trade | Stop and take percent | Close all trades at a percent loss or profit |
| Trade | Start and end time | Daily trading window |
Averaging with a growing lot size can produce large floating losses if price keeps moving in one direction. Choose a conservative lot size, a low position limit and a sensible maximum lot, and consider pausing the EA around high-impact news.
Trading carries risk, and you can lose more than you expect. Past results do not predict future ones. Test on a demo account and only use money you can afford to lose.
For continuous running, many traders use a VPS so the terminal stays connected.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Trend, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor (automated trading) |
| Trade style | Counter-trend with optional multi-position averaging |
| Strategy tags | Trend, Volume |
| Markets | Not stated; check the symbol-specific settings before use |
| Timeframes | Not stated; test on your chosen chart before going live |
| Lot sizing | Fixed lot, or automatic lot per 1000 of balance |
| Requirements | Algo trading enabled; VPS recommended for continuous running |
No reviews yet. Customers who own Golden Phoenix can review it here.
This listing is for MetaTrader 4 only. An MT5 expert advisor will not load in MT4, and the reverse is also true. Check that your terminal is MT4 before buying.
Open MT4, choose File, then Open Data Folder, and go to MQL4 and then Experts. Copy the expert advisor file there, restart the terminal or refresh the Navigator, drag the EA onto a chart and allow algo trading.
It includes a multiplier system that can raise lot size when more positions are added, with a cap on the maximum lot and the number of positions. Averaging of this kind can lead to large drawdowns, so test the settings on a demo account first.
No specific broker is named. A low-spread account with reliable execution suits this kind of strategy. Check minimum lot size, stop level and the deviation setting with your broker, and test on demo first.
No minimum deposit is given. Because the EA can open several positions and increase size, the balance you need depends on your lot settings, position limit and spacing. Test on demo to see the drawdown before choosing a deposit.
Counter-trend systems can suffer when price moves strongly in one direction. It is sensible to pause the EA around major news releases or use the daily trading hours to avoid them.
Golden Phoenix
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own Golden Phoenix? Sign in to review it.