Fenghuang Rig EA MT4: Unleash Profitable Precision in Trading v1.3 – Original Version (1430+)

Overview Fenghuang Rig EA

Fenghuang Rig EA is a trading tool designed specifically for trading gold and EURUSD. It is designed for the MT4 platform and can handle different market conditions because it avoids high-risk strategies such as Martingale and Grid.

• Vendor website: https://www.mql5.com/en/market/product/117619

Developer

Sofia Vlasova is a programmer and trader working at a company that develops trading algorithms for Forex. Sofia Vlasova has collaborated with famous hedge funds and also helps people invest in interesting ideas.

Main Features

• there is no need for any manual intervention because It uses stop loss and take profit orders automatically for each trade.
• Fenghuang Rig EA does not use risky strategies such as Martingale and Grid.
• The expert uses techniques to detect different market patterns by analyzing the market movement.

Advantages

• It performs in-depth data analysis by conducting comprehensive data evaluations to detect different patterns in the market.
• It is easy to use and install as well, making it suitable for both beginners and professional traders.

Disadvantage

• One of the disadvantages is the total dependence on the market. The expert depends greatly on the conditions and movements of the market, and in cases of unexpected fluctuations, the results may be completely unpredictable. Also, the expert has been programmed in advance on certain conditions, so if these conditions are met, it will completely ignore important economic news and events.

Who Should Use Fenghuang Rig EA?

Fenghuang Rig EA is suitable for all professional and beginner traders as it improves their trading performance in the Forex market. Whether you are looking for an easy way to make profits in the Forex market or a trading method different from manual trading, the Expert can help you with that.

Fenghuang Rig EA MT4 The Review

Backtest Result

The thorough and careful evaluation of Fenghuang Rig EA over an extended period highlights its significant promise in the contemporary forex trading landscape. The assessments performed on Gold and EURUSD trading accounts, across both low and high risk settings, consistently showcase the exceptional performance and promising trading potential of Fenghuang Rig EA MT4.

Recommended Settings

How to install Fenghuang Rig EA

1 – Download the Expert

Download the Expert file from the email sent to you

How to Extract a File from Winrar?

First, if you don’t have Winrar here is the download link, download and install

https://www.win-rar.com/download.html?&L=0

Right-click on the WinRAR file and select ‘Extract Here’ to extract the files in the current location. Alternatively, choose ‘Extract to’ if you want to extract the files into a specific folder.

2 – Add the Expert to the platform

• Open the trading platform and choose File –> Open data folder
• Then go to the MQL4 folder –> Experts

(if the expert works on MT5 then you will choose MQL5 instead)

• Put the Expert file in this folder
• restart the platform

3 – Run the Expert

• Choose the appropriate pair for the Expert and then drag the Expert from the navigator window and place it on the chart (or simply Double click on it)
• Make sure that auto trading is activated in the platform and the Expert as well

Conclusion

The Fenghuang Rig EA is a trading tool that is carefully designed to manage the risk appropriately for the account capital. It uses stop loss and take profit orders for each trade in order to preserve the account capital as much as possible.