did anyone blow with the standard settings? .......
Jag's Phantom 6 System 295 replies
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Phantom high, phantom low 0 replies
DislikedFour basket closures in five days this week. See my settings in previous posts. You guys who are blowing accounts are trading too big of lots. I'm trading with 50:1 leverage and haven't blown up since I started this EA in early november. Of course my next basket could blow.Ignored
DislikedHi, Tooth, you used 0.4 for MMTU, right? so it is 0.004% of $40000, that is $160 for each position. and that's approx. 0.06 lot (micro lot brokers).
en, that's pretty conservative. good to know for me.Ignored
DislikedIts a shame that nobody is taking up running with this EA. It has a crystal clear concept that simply needs tweeking to address the DD problem.
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Is there not a coder out there who can take on the challenge?Ignored
DislikedI am posting this for all to comment upon, but have quoted Frazerds post as being most relevant to what I have to say
Firstly it would be a real pity if this thread and the development of these ea's stopped now that MetaCoder has moved on
I long ago came to the conclusion trying to pick any trade direction based on applying analysis to the past is a futile exercise
[color=black][font=Verdana]The market is driven, pulled...Ignored
DislikedYes, .4 MMTU which gave me .08 standard lots at around $40000 and automatically bumped the lot size to .09 when balance reached around $44000. I'm using only the AddSix 02a EA. I even ran it hands off clear through the holiday chop. With these setting even at 50:1 leverage, I can withstand well over 100 trades in a basket. Have seen that twice. There's always the risk of that death basket though. Nicastro's ideas would require a lot more margin and being able to hedge. US citizens forget it.Ignored
DislikedJCS,
Good post.. I have been testing different phantoms since around september. If I may, just a few suggestions for you I have found from my testing. You can take em or leave em its up to you.
MMTU- yours is fine. I use .5.
CLM- depends on leverage. For 50:1 I use 1.2., 100:1 use 2.0.
PP- 0.25- 0.5% (less profit on close yes, but quicker close, less DD)
Pip Step--Im up in air on this one.
"X" factor- I would never use these EA's without it. I see most people having trouble with these phantoms are NOT using it.
Pairs- I know this is not...Ignored
DislikedFour basket closures in five days this week. See my settings in previous posts. You guys who are blowing accounts are trading too big of lots. I'm trading with 50:1 leverage and haven't blown up since I started this EA in early november. Of course my next basket could blow.Ignored
DislikedThorn,
Can I ask what pairs you're trading? Why would you want more correlation? Are you talking about negative correlation? thanksIgnored
DislikedToothman,
I trade the following 6 pairs (Phantom 6_01x)
Longs: GBP/USD EUR/CAD EUR/GBP
shorts: EUR/USD EUR/AUD AUD/CAD
What I meant about correlation is the are + correlated, (ex: if EUR/Cad is moving up EUR/AUD probably is too) so if I have a EUR/AUD short and price starts to go up then I will start to get longs in EUR/Cad to balance the basket. Of course we now its not perfect and correlations can and do change at times. I didnt like the origanal pairs as there was some negative correlations which I felt just didnt work as well. I used mataf.com...Ignored
DislikedToothman,
I trade the following 6 pairs (Phantom 6_01x)
Longs: GBP/USD EUR/CAD EUR/GBP
shorts: EUR/USD EUR/AUD AUD/CAD
What I meant about correlation is the are + correlated, (ex: if EUR/Cad is moving up EUR/AUD probably is too) so if I have a EUR/AUD short and price starts to go up then I will start to get longs in EUR/Cad to balance the basket. Of course we now its not perfect and correlations can and do change at times. I didnt like the origanal pairs as there was some negative correlations which I felt just didnt work as well. I used mataf.com...Ignored
DislikedYes, that is awsome. I am going to set one up monday. Are you able to set up multiple mt4 sub accounts? I know on fxtrade you could have multiple demos running at once. That would be ideal for testing multiple ea's on one broker.Ignored
DislikedHello Toothman,
I have re-read your previous post and made some calculations too. Correct me if I made a mistake but this demo account gained 71 pips/day as average. It means more than 25,000 pips/year: is it right?
May the Gain be with you.
/achabIgnored
Dislikedi have created 2 sub-accounts and installed MT4 in 2 locations (same computer). i am planning to test AddSix_03bx_CL_TH_PS. and Phantom6_01x with clm and your pairs.
i need to test the lotsize, they offer minimum 1000 units. i created sub-accounts with 3k account, this is good for mmtu 0.4, pp 0.5, 50:1 leverage. i will trade 1000 units.Ignored
DislikedCurrent phantom Im testing with since 11/24/10. Feel free to change the settings. This one does not use pip step or trading hours. Since most brokers have high spread on aud/cad, eur/cad, eur/aud, Oanda should work out well with the lower spreads.Ignored