DislikedGreat report Vienna!
I agree with you, Single Pair Version is the best version of Phantom EA's in my opinion.
And I only believe in forwardtest, backtest has no credibility for me.....
Thank you ViennaIgnored
to avoid big DD, i added Max Trade filter, lets say its 12. we have 9 buys and 3 sells. net 6 buys, if market goes in opposite direction (it did), its like a falling knife. soon it hit zero balance. now lets say we have 6 buys, 6 sells. net zero. but we are always stuck with the loss thats always LCOKED no matter what the price moves. lets say your start price is 1.2550. we have buys at 1.26, 1.2620, 1.2640, 1.2660, 1.2680, 1.27 and sells at 1.25, 1.2480, 1.2460, 1.2440, 1.2420, 1.24. now total net loss is 400 pips no matter where the current price is.
dropping basket whenever we reach Max Trade is more dangerous. loss is 10% per basket whereas profit is only 1%. and we get into this situation regularly (atleast once a month)
if market is trending this strategy works (like most of them). when its stuck in a range, we are dead
why should this strategy work ? whats the edge ? we are taking a random start price and adding a buy above it and short below it. if market doesnt move enough to reach PP, we will keep adding more trades and the situation gets worse. the basket reaches a stage where either you are stuck with a huge DD or stuck with a locked loss. if you have enough DD to wait for market to move in our direction then it works. for that we have to work with very very small lot, then profits also go down drastically
in case of multipair, we have several pairs and there is a chance atleast one or two will push it in our favor. and due to good mix, we dont get into huge DD situation as if one pair goes up some other will come down.
right now i have exhausted all ideas and filters to make single pair strategy profitable without a death trade