Phoenix Prop Evaluation Edition
Phoenix Prop Evaluation Edition is a MT4 hedging expert advisor developed by QuantLab Zurich, verified via myfxbook with +181.9% gain and 26.7% max drawdown over 536 tracked days.
Turned a $1,000 deposit into $2,819 over 536 tracked days.
Worst peak-to-trough drop was $267 per $1,000 equity.
Generated $1.92 in gross profit for every $1.00 lost.
Average monthly compounding rate across 536 days.
At-a-Glance Specifications
19 Verified FieldsSystem metrics verified from live trade statements and database records. Missing fields are left unlisted rather than estimated.
| System Name | Phoenix Prop Evaluation Edition |
|---|---|
| Developer / Author | QuantLab Zurich |
| Execution Platform | MT4 Robot |
| Algorithmic Strategy | HEDGING |
| Verification Source | MYFXBOOK |
| Verified Total Gain | +181.9% |
| Monthly Growth Rate | +5.0%/mo |
| Maximum Drawdown | 26.7% |
| Profit Factor | 1.92 |
| Track Record Age | 536 monitored days |
| Live Broker Verification | Yes (Broker Connected) |
| Prop Firm Compatibility | No (Requires Custom Risk Filter) |
| Traded Instruments | EURJPY, GBPJPY |
| AI Trust Score | 65.2/100 (Grade C) |
| License Model | Free / Open Tier |
| Martingale Position Sizing | Disabled (Linear Risk) |
| Grid Position Scaling | Disabled |
| News Event Filter | Disabled |
| Last Audit Update | 2026-11-06 |
Phoenix Prop Evaluation Edition achieves an AI Trust Score of 65.2/100 (Grade C). A MT4 hedging system with a verified 181.9% gain and 26.7% max drawdown over 536 tracked days.
6 Grounded Analytical Pillars
Scoring Methodology →Formula
Live real account verified with external linkFormula
100 - (DD × 2.5)Formula
Calmar proxy (annualized gain ÷ max DD, capped at 6.0)Formula
536 / 730 days (full marks at 2 years)Formula
Normalized Profit Factor (PF 2.0 = 100, PF 1.0 = 0)Formula
Rating weighted by review count (capped at 50 reviews)✓ Cited Strengths (3)
- • Automated order routing on MT4 optimized for EURJPY, GBPJPY. [source: pros[]]
- • Controlled risk management maintaining peak drawdown at 26.7%. [source: pros[]]
- • Positive verified statistical expectancy with a 1.92 profit factor. [source: pros[]]
⚠ Cited Risks & Limits (2)
- • Requires constant low-latency VPS connectivity (<10ms). [source: cons[]]
- • Performance may fluctuate during major central bank interest rate shocks. [source: cons[]]
Trading Regime Suitability
| Deployment Scenario | Suitability | Audit Basis |
|---|---|---|
| Prop Firm Challenges | ✗ High DD Risk | Evaluated for prop terms (Max DD: 26.7%) |
| Long-Term Portfolio | ◐ Moderate | Standard execution model |
| News Event Trading | ✗ Unfiltered Volatility Risk | Based on news filter status |
| Swing vs Scalp Profile | ◐ Scalping Profile | Timeframe: Discretionary on EURJPY, GBPJPY |
3 Rule-Based Risk Guardrails
Linear or fixed lot sizing protects equity from compounding tail risk.
Broker-connected live telemetry verified via MYFXBOOK.
Max historical drawdown exceeds standard 20% institutional risk thresholds.
How Phoenix Prop Evaluation Edition Works
Strategy ArchitecturePhoenix Prop Evaluation Edition is an audited algorithmic Expert Advisor on MT4. It delivers +181.9% cumulative gain with a 1.92 profit factor across EURJPY, GBPJPY.
Standard 4-Step Verification & Deployment Protocol
Deploy MetaTrader (MT4) on a dedicated trading VPS close to your broker execution server for sub-5ms order latency.
Copy Phoenix Prop Evaluation Edition file into the MQL Experts folder, restart MetaTrader, and allow automated live trading in options.
Attach to EURJPY and configure conservative risk sizing (0.01 lot per $1,000 balance).
Confirm the terminal Algo Trading button is active and monitor initial trades via forward demo testing before capital scaling.
Verified Pros & Known Constraints
Pass-Through Audit✓ Verified Strengths (4)
- • Automated order routing on MT4 optimized for EURJPY, GBPJPY.
- • Controlled risk management maintaining peak drawdown at 26.7%.
- • Positive verified statistical expectancy with a 1.92 profit factor.
- • Dynamic trailing stop loss and slippage protection filters.
⚠ Risk Factors & Limitations (2)
- • Requires constant low-latency VPS connectivity (<10ms).
- • Performance may fluctuate during major central bank interest rate shocks.
Frequently Asked Questions
Rule-Based Q&AIs Phoenix Prop Evaluation Edition prop-firm safe? ▼
Phoenix Prop Evaluation Edition is not recommended for prop firm challenges without custom risk limiting, as its historical drawdown of 26.7% may breach standard daily or maximum loss limits.
What timeframe does Phoenix Prop Evaluation Edition work best on? ▼
Phoenix Prop Evaluation Edition operates on EURJPY, GBPJPY, typically evaluated across M5, M15, or H1 charts depending on your broker spread and latency profile.
Does Phoenix Prop Evaluation Edition use high-risk martingale or grid sizing? ▼
Phoenix Prop Evaluation Edition utilizes fixed or linear risk allocation with zero martingale multiplier, keeping risk per trade consistent.
How is the performance of Phoenix Prop Evaluation Edition verified? ▼
The track record of Phoenix Prop Evaluation Edition is verified on a live broker account via MYFXBOOK, reporting 181.9% total gain over 536 days.
Guides for Phoenix Prop Evaluation Edition & HEDGING Trading
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StriveAlgo Research Desk
Quantitative research team auditing algorithmic trading systems across Myfxbook, MQL5 Market, and TradingView.