Phoenix Bot Is Finally Released - Algorithmic Trader

Disclosures / Context

• The presenter notes the video is delayed due to illness (“fever”).
• The video emphasizes that profitability requires users to do their own backtesting (i.e., users must perform their own tests).
• No explicit “financial advice” disclaimer is stated in the subtitles.

Instruments / Markets Mentioned

• The EA is described generically and appears intended for forex/CFD trading.
• References include:
  • An XNET broker
  • A “GMT 0” time reference
• Crypto trading is mentioned as an example, including allowing trading days such as Saturday.

Key Trading Strategy Concept (Grid / Stop-Order Mean Reversion Style)

• The strategy uses:
  • Buy Stop orders above the current price
  • Sell Stop orders below the current price
• As the grid builds and generates enough profit, the EA:
  1. Closes profits
  2. Starts a new grid round

Parameters / Methodology (Step-by-Step Settings to Backtest)

1) Grid Setup

Lot size methods (choose one)

• Lot increase
  • Add to the current lot by a fixed increment (example values mentioned: 0.01 or 0.02; exact step is user-defined).
• Lot multiplier
  • Increase lot size by multiplying (instead of adding).

Lot repeat (gating rule)

• Before switching from the current lot size to the next step, the lot must repeat for a specified number of grid levels/time steps.
• Example: “two time” / repeat = 2
  • Requires 0.01 lot repeated twice before moving to 0.03.

Max order constraints

• Limits the number of pending orders:
  • Max buy orders
  • Max sell orders
• These are set separately.

Grid refill logic (performance-friendly pending order management)

• The video warns against placing too many pending orders at once (e.g., 30 buy stops + 30 sell stops), which can cause performance issues.
• Instead, it suggests:
  • Start with 5 buy stops + 5 sell stops
  • When it “triggers 4” of them:
    • Only one remains
    • Then add another four to bring the count back to 5

2) Price Spacing & Profit Taking

Grid gap

• The distance between:
  • Ask price and the first buy stop
  • Bid price and the first sell stop

Order distance

• The distance between subsequent grid orders, e.g.:
  • Between one buy stop and the next buy stop
  • Similarly for sell stops

Grid profit (take profit for the grid cycle)

• The EA closes the grid cycle when running/floating/total profit reaches the configured amount.
  • Example wording: “$10 or whatever amount you put in here”
• After closing profit, it starts a new grid round.

3) Risk Controls: Drawdown Stop Feature (Optional)

Exit drawdown

• Adds an option to:
  • Stop the EA
  • Close all open positions
  • Sell all pending orders
  • Then exit the bot
• Drawdown threshold example:
  • Capital: $5,000
  • Setting: 50%
  • EA exits when negative drawdown reaches $2,500

Caution

• The presenter warns this grid strategy can experience “huge drawdown”.
• Because of this risk, the presenter’s practical recommendation is:
  • Most users prefer not to activate the drawdown exit feature.

4) Profit Target (Anti-Overtrading)

Profit target only (no loss target)

• The presenter states the EA does not rely on traditional stop-loss behavior, so it should use profit targets rather than loss targeting.

Daily profit target

• If enabled, the EA stops trading once daily profit reaches a set maximum.
• Example default: $50 daily profit
• The EA stops immediately once the target is hit, regardless of time.

5) Trading Schedule (Days + Hours) and Execution Timing

Day-of-week trading

• Users can enable/disable trading for:
  • Monday–Friday
  • Optionally Saturday (example used for crypto)

Trading hour / broker-time alignment (XNET time)

• The setup references XNET broker time:
  • “XNET is GMT 0”
• Presenter recommendation based on testing:
  • Run during the Asian session to reduce volatility and slippage
  • This is tied to how the EA uses pending buy/sell stop orders

Example time window from the presenter

• Presenter sets the EA from:
  • 7:00 a.m. Cambodia time to midnight Phnom Penh time
• The explanation references broker-relative time mapping:
  • “00 hour is 7:00 a.m. in Cambodia” (as described)

Performance expectation (forward test note)

• Based on forward test, the $50 daily target was reached within the first hour of running.
• With $5,000 capital, this is interpreted as about ~1% per day, described as “more than enough.”

Explicit Recommendations / Cautions Captured

• Backtest yourself before expecting profitability.
• Use a daily profit target to avoid overtrading (presenter: “strongly recommend you put the daily target”).
• Consider leaving drawdown exit disabled because large drawdowns are possible with this grid strategy.
• Prefer trading during the Asian session to reduce slippage and adverse conditions from stop-order execution.

Key Numbers Mentioned

• Lot examples:
  • Starting lot: 0.01
  • Example progression: 0.01 → 0.03
  • With repeat = 2
• Grid order counts:
  • Avoid: 30 buy stops + 30 sell stops
  • Suggested: 5 buy stops + 5 sell stops
  • Replenish by adding 4 after 4 trigger
• Profit examples:
  • Grid profit example: “$10 or whatever amount…”
  • Daily profit target default/example: $50
• Capital/drawdown example:
  • Capital: $5,000
  • Drawdown threshold example: 50% = $2,500 loss drawdown
• Performance note:
  • Daily target reached within ~1 hour
• Return heuristic:
  • $50 profit on $5,000 capital framed as ~1% per day

Presenters / Sources Mentioned

• Presenter: “Finn B”
  • Mentioned as releasing updates (e.g., “Finn B has been releasing last week”).
• The video’s speaker explains Phoenix Bot features.
• No additional sources are credited in the subtitles.