Nobody have the template of Phoenix System. I want to see it in the chart.
Thanks.
coyan
Thanks.
coyan
But the thing with that to remeber is that if you're going to run multi system under one account is that you will need to decifer the different trade's activity from the detailed chart which could get confusing and you could easily draw down a major portion of a 5000.00 account due to several systems sucking down on that 5000.00.
So I think what I'll need is to place the platform from one broker into a seperate folder for each system I run. 'Cause if I have each system on a new account then when I log on to a different account, it will cause the previous to stop running. I think I have figured out. Thanks! Kevin
All you need to do is make a shortcut to the "terminal.exe" file for easy access.
After opening this "02" version you can create a new account and set up the charts again as you did before.
Good luck<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
></o> That's pretty much how I do it too. Just COPY your existing MT4 folder from your Program Files to a temporary place on your hard drive. Rename it to for instance "MT4 - 02" (without the " of course..). Copy this folder back into your program files.
All you need to do is make a shortcut to the "terminal.exe" file for easy access.
After opening this "02" version you can create a new account and set up the charts again as you did before.
Good luck<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
- #210
- Edited 1:08am Oct 16, 2006 12:51am | Edited 1:08am
- Joined Feb 2005 | Status: Trader | 1,747 Posts
- #218
- Oct 16, 2006 3:57am Oct 16, 2006 3:57am
I've been thinking about looking at ways of optimizing <st1lace w:st="on"><st1:city w:st="on">Phoenix</st1:city></st1lace> and have thought of something different.
Nearly all trades that <st1lace w:st="on"><st1:city w:st="on">Phoenix</st1:city></st1lace> takes always take a loss initially. That is to be expected and I don't have a problem with that at all. However what may be of value is to optimize the orders being placed to take advantage of this.
For example currently phoenix at the time a signal is generated, would take a buy order at 1.2600 and set TP @ 1.2640 and SL of 1.2520. Roughly a 1:2 ratio, and I've been thinking about reducing this ratio to roughly 1:1. (up to 80 pips loss for a possible 40 pips gain)
So a new proposal would be at 1.2600 (when the signal is generated) place a limit order to buy at 1.2580 with a TP of 1.2640 and SL 1.2520. This gives us a 1:1 ratio for the trade. (up to 60 pips loss for a 60 pips gain)
Now this gives us a couple of things:
a) we have reduced the level of loss, (80 pips down to 60 pips) therefore for the same order, without increasing the risk profile at all, we can actually take a larger position
b) also if the trades do play out as expected then we increase the profit factor (due to larger amount of pips gained and larger position size)
c) however, we increase the risk that a trade won't be taken at all, because our new order limit levels may not be reached so we may miss out on the profitable 40 pips
What do you think? Does this sound like a good avenue to pursue for this EA?<o></o>
lace w:st="on"><st1:city w:st="on">Phoenix</st1:city></st1lace> and have thought of something different.Nearly all trades that <st1
lace w:st="on"><st1:city w:st="on">Phoenix</st1:city></st1lace> takes always take a loss initially. That is to be expected and I don't have a problem with that at all. However what may be of value is to optimize the orders being placed to take advantage of this.For example currently phoenix at the time a signal is generated, would take a buy order at 1.2600 and set TP @ 1.2640 and SL of 1.2520. Roughly a 1:2 ratio, and I've been thinking about reducing this ratio to roughly 1:1. (up to 80 pips loss for a possible 40 pips gain)
So a new proposal would be at 1.2600 (when the signal is generated) place a limit order to buy at 1.2580 with a TP of 1.2640 and SL 1.2520. This gives us a 1:1 ratio for the trade. (up to 60 pips loss for a 60 pips gain)
Now this gives us a couple of things:
a) we have reduced the level of loss, (80 pips down to 60 pips) therefore for the same order, without increasing the risk profile at all, we can actually take a larger position
b) also if the trades do play out as expected then we increase the profit factor (due to larger amount of pips gained and larger position size)
c) however, we increase the risk that a trade won't be taken at all, because our new order limit levels may not be reached so we may miss out on the profitable 40 pips
What do you think? Does this sound like a good avenue to pursue for this EA?<o
></o>
Just my 2 pips worth 