Phoenix v2.3.0 is out today. This one's a meaningful upgrade to how the strategy protects profitable trades.
What's New: Two-Tier MFE Exit Management
The existing MFE Breakeven system is now Tier 1 of a two-tier architecture. The new Tier 2 adds an active trailing stop that ratchets upward as your MFE peak advances — so instead of a one-time floor that fires and freezes, the stop keeps locking in more profit the longer the trade runs in your favor.
Tier 1 and Tier 2 are independent. A fast-moving trade can arm both almost simultaneously. A slower trade may only trigger Tier 1. Either one alone is useful — both together give the most comprehensive protection.
Backtest Results (6-Year NQ, 2,641 Trades)
| Metric | MFE Off | MFE On (Tier 1 + 2) | Change |
|---|---|---|---|
| Net Profit | $312,597 | $317,696 | +$5,099 |
| Max Drawdown | ($24,384) | ($20,452) | −16% |
| Win Rate | 69.78% | 69.90% | +0.12% |
| Avg Winner | $765.46 | $761.90 | −$3.56 |
| Profit / Month | $4,122 | $4,189 | +$67 |
The 16% drawdown reduction at a cost of only $3.56 per average winner is the headline. The trailing stop trims the worst giveback scenarios without meaningfully clipping normal winners.
Settings
Both features are disabled by default — upgrading changes nothing unless you turn them on. You'll find the new settings in the 04. MFE Breakeven group in your strategy parameters.
My live settings: Tier 2 Trigger 48pts, Trail 20%. Run a Strategy Analyzer backtest on your instrument before going live with any MFE settings.
Full parameter details and worked examples are in the updated Lesson 3 — Advanced Parameters:
https://futures.aeromir.com/course-viewer?courseID=6&lessonID=93
Full changelog:
https://futures.aeromir.com/changelog?product=11
Download
Required Upgrade Step
This release adds new strategy parameters. Before loading v2.3.0 you must delete your existing Phoenix template files or NinjaTrader will throw a settings mismatch error on load:
- Close NinjaTrader completely
- Navigate to
Documents\NinjaTrader 8\templates\Strategy\ - Delete all files beginning with Phoenix
- Restart NinjaTrader and import the new version normally
Your chart workspaces are not affected — only the saved parameter templates are cleared.
Questions? Reply below.