Phoenix Trend Rider – User Guide
Overview
Phoenix Trend Rider is a trend-following Expert Advisor (EA) for MT5.
It uses a combination of Ichimoku Cloud (trend structure) and ADX (trend strength filter).
The EA seeks to trade strong trend breakouts confirmed by Ichimoku signals and ADX
strength.
How It Works
1. Ichimoku Filter
o Long trades when price is above the Kumo (cloud), and Tenkan-sen > Kijun-sen.
o Short trades when price is below the Kumo, and Tenkan-sen < Kijun-sen.
o Optional filter: Price must cross the cloud before entry.
2. ADX Confirmation
o ADX must be above the threshold (trend strength).
o +DI > –DI for long trades, and vice versa for short.
3. Risk Management
o Choose between Fixed Lot Size or Dynamic Risk % of Balance.
o Stop Loss and Take Profit can be ATR-based (recommended for gold) or fixed
points.
o Optional Trailing Stop based on ATR or fixed distance.
4. Safety Filters
o Max spread filter.
o Cooldown bars between trades.
o One trade per symbol at a time.
Recommended Parameters (XAUUSD)
General Settings• Timeframes:
o M30 for intraday swing trades.
o H1 for stronger trend confirmation with fewer false signals.
• Magic Number: Unique per EA instance if running on multiple pairs/TFs.
Ichimoku Settings
• Tenkan-sen: 9
• Kijun-sen: 26
• Senkou Span B: 52
(Default Ichimoku settings work well for gold trends.)
• Use Cross Confirm: true
(Ensures entry only after price breaks through cloud.)
ADX Settings
• ADX Period: 14
• ADX Threshold: 25–30 (higher filter for XAUUSD to avoid noise)
• Require DI Direction: true
Risk & Lot Size
• M30 (Intraday, faster moves):
o Risk: 1.0–1.5% per trade
o Fixed Lot: 0.05–0.10 per $10k balance
• H1 (More reliable signals):
o Risk: 1.5–2.0% per trade
o Fixed Lot: 0.10–0.20 per $10k balance
SL/TP & ATR
• Use ATR for SL/TP: true• ATR Period: 14
For M30
• SL ATR Multiplier: 2.0
• TP ATR Multiplier: 3.0
For H1
• SL ATR Multiplier: 2.5
• TP ATR Multiplier: 4.0
Trailing Stop
• Enable Trailing: true
• Trailing Mode: ATR-based
• ATR Multiplier: 1.5
(Helps lock in profits in strong XAUUSD trends.)
Example Backtest Settings (XAUUSD)
M30 Example:
• ADX Threshold = 25
• ATR SL = 2.0 × ATR14
• ATR TP = 3.0 × ATR14
• Risk = 1.0%
• Spread Filter = 30 points
H1 Example:
• ADX Threshold = 30
• ATR SL = 2.5 × ATR14
• ATR TP = 4.0 × ATR14
• Risk = 1.5%
• Spread Filter = 35 points