Trading libraries for MetaTrader 5
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MetaTrader 5
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Overview
MT5Phoenix — Multi-Timeframe Breakout Expert Advisor
Discounted price. The price will double every 5 purchases. Final price $499
Recommended Pair: XAUUSD
MT5Phoenix automates a simple continuation approach. It evaluates a higher timeframe for directional bias and waits for a breakout signal on a lower timeframe. Orders are placed with predefined risk and a selected exit method.
How It Operates (Overview)
- Bias check (higher timeframe): an EMA relationship defines when long exposure is permitted.
- Entry check (execution timeframe): a recent swing level is identified; a breakout beyond that level enables an entry.
- Risk sizing: position volume is derived from the chosen per-trade risk and the calculated stop distance, with broker volume steps respected.
- Exit management: choose between a volatility-based target or a rule-based close when the EMA relationship turns against the position. Optional trailing stop and partial close are available.
Main Features
- Timeframes: separate selections for bias and execution.
- Entries: breakout above a recent swing level when bias allows.
- Exits:
- ATR target (user-defined multiplier), or
- EMA-based close on the selected timeframe.
- Optional trailing stop: ATR, percent, or points.
- Optional partial profit at an R-multiple.
- Risk controls: fixed-amount or percent-of-balance risk; min/max lots; spread and margin checks; broker stops/freeze-level handling.
- Logging: bar events, bias state, entry/exit checks, and trade results are written to the Experts log for review.
Inputs (Summary)
- Risk: fixed amount or % of balance; minimum/maximum lots.
- MAs: fast/slow EMA periods; bias and entry timeframes.
- ATR: period and multipliers for SL/TP and trailing, if selected.
- Structure: lookback and window for swing detection.
- Trade management: trailing mode and parameters; partial take-profit R-multiple and percent; optional daily risk limit and cooldown.
- Broker constraints: stops level, freeze level, margin check.
Recommended Starting Template (High-Risk Setup) - XAUUSD
This default configuration is geared toward higher risk tolerance, targeting larger potential earnings per trade. It typically results in a lower win rate (around 26%) but with amplified profits on winning trades due to the aggressive 5% risk per trade. Use this if you're comfortable with drawdowns in pursuit of higher returns.
| Parameter | Value |
|---|---|
| RiskType | Risk_Percent ( >1% == Aggressive) |
| FixedRisk | 50 |
| PercentRisk | 5 |
| EMAPeriodFast | 12 |
| EMAPeriodSlow | 21 |
| TPMode | EMA Slow > EMA Fast on entry timeframe |
| SLMode | Fast EMA on bias timeframe |
| ATR-Period | 14 |
| TP-ATR-Multiplier | 2.0 |
| SL-ATR-Multiplier | 1.5 |
| SwingLookback | 10 |
| SwingWindow | 3 |
| MinLot | 0.01 |
| Maxlot | 100 |
| BiasTimeframe | 1 Hour |
| EntryTimeframe | 30 Minutes |
| TrailingStopMode | Trail_Percent |
| TrailingStopRMultiple | 1.0 |
| TrailingStopATRMultiplier | 1.0 |
| TrailingStopPercent | 1.0 |
| TrailingStopPoints | 400 |
| UseDailyRiskManagement | false |
| DailyRiskPercent | 1.0 |
| UseCooldown | true |
| CooldownBars | 2 |
| UsePartialProfit | false |
| PartialProfitRMultiple | 2.0 |
| PartialProfitPercent | 50.0 |
Alternative Settings for Higher Win Rate and Stability - XAUUSD
For traders seeking a more conservative approach with higher win rates (around 47%) and steadier equity growth, use this lower-risk setup. It reduces per-trade risk to a fixed $100 amount (or 1% of balance), enabling more trades to survive drawdowns while maintaining solid profitability. This configuration prioritizes stability over aggressive gains.
| Parameter | Value |
|---|---|
| Risk Type | Fixed Amount in dollars |
| Fixed Risk Amount ($) | 100 |
| Risk Percentage (% of Account Balance) | 1 |
| Fast EMA Period | 12 |
| Slow EMA Period | 21 |
| Take-Profit Mode | EMA Slow > EMA Fast on entry timeframe |
| Stop-Loss Mode | Fast EMA on bias timeframe |
| ATR Period (Entry Timeframe) | 14 |
| TP = ATR * Multiplier | 2.0 |
| SL = ATR * Multiplier | 3 |
| Max Bars Back to Find Recent Swing High | 10 |
| Window Size for Local Max | 3 |
| Minimum Lot Size | 0.01 |
| Maximum Lot Size | 100.0 |
| Timeframe for EMA Bias | 1 Hour |
| Timeframe for BOS Entry | 30 Minutes |
| Trailing Stop Mode | Percentage of Current Price |
| Activate Trailing Stop After Profit Reaches (R Multiple) | 1 |
| Trailing Stop Distance as ATR * Multiplier | 1 |
| Trailing Stop Distance Percentage (% of Current Price) | 1 |
| Trailing Stop Distance in Points/Price Units | 400.0 |
| Enable Daily Risk Management? | true |
| Max Daily Loss (% of Account Balance) | 1 |
| Enable Cooldown After Position Close? | true |
| Number of Entry Timeframe Bars to Wait After Close | 2 |
| Enable Partial Profit-Taking? | true |
| Take Partial Profit After Profit Reaches (R Multiple) | 1.5 |
| Partial Profit Percentage (% of Position Volume) | 50 |
Example Backtest Results for Alternative Settings
Using the above conservative parameters on XAUUSD (initial deposit $10,000, tested over 9,073 bars), the EA achieved the following metrics:
- Total Net Profit: $7,953.70
- Profit Factor: 1.96
- Recovery Factor: 4.39
- Sharpe Ratio: 5.17
- Win Rate: 46.67% (84 profit trades out of 180 total)
- Max Drawdown: 7.19% (balance) / 10.92% (equity)
- Average Profit Trade: $192.96
- Average Loss Trade: -$84.22
Testing and Deployment
- Strategy Tester: evaluate on your chosen symbols and periods.
- Forward testing: use a demo environment to observe execution and slippage with your broker.
- Parameters: adjust risk, exit mode, and swing settings to match the instrument and your risk policy. Choose between high-risk for potential higher earnings or conservative for stability.
- Language: all input names, messages, and screenshots are provided in English.
Important Notes
- No profit is guaranteed. Results will vary across instruments, brokers, and market conditions.
- Backtest results are not real trading results.
- The EA does not collect personal data and does not use third-party licensing, accounting, or update systems.
- Product support is available via the MQL5 product comments or MQL5 messages.
Risk Disclosure
Trading involves risk, including the risk of loss. Use risk limits that are appropriate for your account. Review logs and settings periodically.
