Thanks! I turned off MM because it gave me 131 error. I will try changing the lots to 0.5 or 0.1. It's set to 24 hours because I want to find the good trading time. It proved that the default trading time slots are good.
Quoting kihlDislikedThanks for sharing your information
Is this your only forward testing?
This is your setting:
MA_Length=10
MA_Timeframe=15
Lots=1.00000000
MM=0
RoundupLots=1
AccountIsMicro=0
UseSafePips=1
SafePipsMinutes=240
SafePipsDistance=60
Percent=0.05000000
UseSafeArea=1
SafeArea=40.00000000
Risk=5
TakeProfit=60
StopLoss=55
TrailingStop=18
UseCloseSignal=1
TradeFrom1=0
TradeUntil1=24
TradeFrom2=0
TradeUntil2=0
TradeFrom3=0
TradeUntil3=0
TradeFrom4=0
TradeUntil4=0
WantToGamble=0
GambleFrom=10
GambleUntil=11
GambleFactor=2
P_EMA_Long=120
P_EMA_Short=12
P_EMA_TimeFrame=15
P_EMA_Method=3
P_EMA_Price=5
As I see in your statement and settings. Your money management is disabled, you are trading 24 hours straight and trading 1 lot for a 5k account. These are possible factors that affects negatively your testing.
My recommendations:
1. Turn on your Moneymanagement feature and trade at most 5% of your account for each trade.
2. Dont trade 24 hours. Its statiscally proven that at certain hours you have more risk of losing trades. More trades doesnt means more profit. Try the default settings of Phoenix 2.1
3. You are trading 1 lot, 20% percent of your account, you can gain more but you can also lose more.
Here is the default settings of Phoenix 2.1
Phoenix 2.1
MA_Length=10
MA_Timeframe=15
Lots=1.00000000
MM=1
RoundupLots=0
AccountIsMicro=0
UseSafePips=1
SafePipsMinutes=240
SafePipsDistance=60
Percent=0.05000000
UseSafeArea=1
SafeArea=40.00000000
Risk=5
TakeProfit=60
StopLoss=55
TrailingStop=18
UseCloseSignal=0
TradeFrom1=8
TradeUntil1=12
TradeFrom2=13
TradeUntil2=15
TradeFrom3=16
TradeUntil3=18
TradeFrom4=19
TradeUntil4=21
WantToGamble=1
GambleFrom=16
GambleUntil=17
GambleFactor=2
P_EMA_Long=120
P_EMA_Short=12
P_EMA_TimeFrame=15
P_EMA_Method=3
P_EMA_Price=5
You can try different settings with different combinations of TP, SL, Wanttogamble, TS, etc.
But dont turn off the MM and stick to the default trading time.
Hope this can help the community trying different settings for the best results.Ignored