If it is one of complex ones then it should have a pdf explaining its working. I have searched it over net and found out that many traders were having questions about its settings. 

This EA is popular in forums. Different reviews about it. Some were having problems in running it on real accounts. I will try to run it on my demo and then post results.

Phoenix is very old EA and there r many settings. It cannot be used with 5 digit forex brokers. I cannot find any good settings for this EA. Maybe by consuming more time, u can find something good settings.

Originally posted by illiterate

This is one of very complex EAs. It uses multiple indicators to determine entry and exit. Many users report it as reliable EA. 

Use it on 15 minute timeframe with default settings.

 

Thx for sharing buddy. I will try to check it on my demo.

Originally posted by uniquetrader

Phoenix is very old EA and there r many settings. It cannot be used with 5 digit forex brokers. I cannot find any good settings for this EA. Maybe by consuming more time, u can find something good settings.

Yes it has some limitations. But I think this version of EA can be used with 5 digit brokers. 

Originally posted by illiterate

 

Originally posted by uniquetrader

 

Phoenix is very old EA and there r many settings. It cannot be used with 5 digit forex brokers. I cannot find any good settings for this EA. Maybe by consuming more time, u can find something good settings.

 

 

Yes it has some limitations. But I think this version of EA can be used with 5 digit brokers. 

Some other problems with this EA include incompatibility with ECN-accounts and very low avg trades per day. There r some modified versions of this EA available on different forums. Have u checked any of those?

Thx for sharing this EA. Even though it has issues but I think this is one of latest versions of EA.