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  • #241
  • Oct 16, 2006 3:26pm Oct 16, 2006 3:26pm
Quoting Hendrick
Hi Saltcafe,

I really appreciate your contributions to this thread. Great stuff and very helpfull!! But I don't agree with this proposal. It will highly change the concept of Phoenix (Phoenix is a counter-trend EA and not a trend follower). I agree about your opnion to reduce the level of loss. But I think there are other solutions for that (read my previous post about changing the SL:TP ratios)
Hi Hendrick,

I'm not quite sure why you got the idea about my suggestion trying to change the nature of the EA (from counter-trend to trend following). That certainly isn't the idea behind what I am suggesting. I suspect that it must have been my clumsy way of explaining what I wanted to propose. Anyway, if you wish I may try to explain this in a different way if you wish.

BTW. I couldn't find your post about the mods to the SL:TP ratios that you mentioned. Do you recall what number it was?
Just my 2 pips worth
  • #242
  • Oct 16, 2006 5:14pm Oct 16, 2006 5:14pm
As of 17:23 EST USA.....
Attached Image
  • #243
  • Oct 16, 2006 6:32pm Oct 16, 2006 6:32pm
Hi Hendrick
I find this articule about currency correlation I hope this will be usefull for you
Attached File(s)
File Type: zip currency correlation.zip   212 KB | 823 downloads
  • #244
  • Oct 16, 2006 10:52pm Oct 16, 2006 10:52pm
Quoting nvwine
Thanks for your reply. There is some reason why we are getting only 3 orders. I'm not smart enough to know why.

CHF/JPY is available on my IBFX platform. Have you tried 'right mouse clicking' in the Market Watch Window and choosing 'select all' from the mouse right click menu? I included a picture of my pairs in the zip file below. Yours should be the same.
You are right. I am running the Booster 2_2, will see what happen.

Thanks!
  • #245
  • Oct 17, 2006 12:10am Oct 17, 2006 12:10am
.
Attached File(s)
File Type: zip 10_16_2006_Phoenix_full_acc_forw.zip   8 KB | 324 downloads
  • #246
  • Oct 17, 2006 12:26am Oct 17, 2006 12:26am
It’s not exactly about correlation.<o></o>

Still some interesting theoretical conceptions are present there
http://kreslik.com/forums/viewtopic.php?t=307

-snoopy
<o></o>
  • #247
  • Oct 17, 2006 1:47am Oct 17, 2006 1:47am
Sorry guys - MIG account crapped out. Can't seem to login to it anymore. Useless.

I've just now started Phoenix_EA_v4_2_03 on a new North Finance demo account, $5000 initial capital. When Pheonix Booster v3 comes out I will start forward testing that on a new demo account (probably Neuimex or IBFX)
  • #248
  • Oct 17, 2006 4:53am Oct 17, 2006 4:53am
Quoting Hendrick
If you want to do a forward test then use PrefSettings=true and MM=true.
Hi Hendrick and thanks for clarification, as to Phoenix v4_2, whenever you post new settings should the "PrefSettings" changed from true to false?

What I have done is that I had entered all your new settings manually but the PrefSettings is still on true, does this means that the EA is still running on the initial settings or do the new settings manually entered take effect?

Thanks in advance for your reply

Haward

PS: If anybody else knows the answer to this question, I would appreciate it
Regards
  • #249
  • Oct 17, 2006 8:18am Oct 17, 2006 8:18am
hey howard,

generally use PrefSetting=TRUE and paste the new PrefSettings into the code as you did. If Hendrick submits a PhoenixVERSION.mq4 in addition to the settingsFile, use that instead - it has the new settigs already, although it's also attached as txt-file.
BTW, the PrefSetting-setting indicates if Phoenix takes this part called "Preffered Settings" (the one you copied into Phoenix.mq4, I guess) into consideration. If you set PrefSettings to FALSE Phoenix takes the values you enter manually when you activate the Expert on a chart.

Quoting howard
Hi Hendrick and thanks for clarification, as to Phoenix v4_2, whenever you post new settings should the "PrefSettings" changed from true to false?

What I have done is that I had entered all your new settings manually but the PrefSettings is still on true, does this means that the EA is still running on the initial settings or do the new settings manually entered take effect?

Thanks in advance for your reply

Haward

PS: If anybody else knows the answer to this question, I would appreciate it
  • #250
  • Oct 17, 2006 8:20am Oct 17, 2006 8:20am
till now (test started this week) I have each 4 trades one loss, and this happened twice. That is: 4 wins, 1 loss, 4 wins again, and 1 loss. I am using Phoenix & PB.
IMPORTANT: the 2 losses were both (!) GBPUSD trades, only one win was GBPUSD (opened by Phoenix Booster)! I think Hendrick did NOT recommend GBPUSD for Phoenix (although he's using it in PB).

Hendrick: why are you using GBPUSD for Phoenix and not recommending it for Phoenix? I mean, till now you were RIGHT. One GBPUSD of PB positive, 2 of Phoenix negative. You are doing it because there's a correlation between GBPJPY/USDJPY and GBPUSD, right?
I am really excited about Phoenix Booster! Maybe we can use it without Phoenix if it contiues working like this.
  • #251
  • Oct 17, 2006 11:06am Oct 17, 2006 11:06am
The reasons for the Booster experiment are twofold: first to find out if different ratios of SL and TP would work and second to learn more about Currencies Correlation.

Well, I don't know about your results with Booster, but those of mine were not very promising. It also makes no sense in my opinion to open four trades that are correlated: they could go all against you so to me this looks more like gambling.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

For the time being I will concentrate on the further development of <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> 4.2 and put Booster on the shelf (unless you guys have ideas how to improve it).<o></o>

<o></o>

Nevertheless I think the concept of currency correlation can be used in <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> 4.2. This is my idea: if there's a BUY/SELL signal for a pair, the EA will first check if there any open trades for pairs that have a strong correlation with the pair where you get the signal for. If so the signal is not valid. Another option is to look how the open correlated trade is doing: is it loosing or is it in profit. Based on that a decision can be made to open the new trade or not.<o></o>

<o></o>

Let' stick for the moment to the first option: don't trade if a strongly correlated trade is open. For those of you, who had tested <st1lace w:st="on"><st1:City w:st="on">Phoenix</st1:City></st1lace> for a longer time: in your Account History you can see if this makes sense or not. I would be most grateful if some of you could check this and report it back to this forum.<o></o>

<o> </o>

You can use this summary. First column is the pair where you get BUY/SELL signal for and the second column are the pairs that are strongly correlated to the first pair. So if you get a BUY/SELL signal for the EURUSD and there is an open trade for the USDCHF or USDCAD then the signal is not valid:<o></o>

<o> </o>

EURUSD USDCHF, USDCAD<o></o>

USDJPY GBPUSD, EURCHF, GBPJPY<o></o>

USDCHF EURUSD, GBPJPY<o></o>

USDCAD EURUSD<o></o>

AUDUSD GBPUSD<o></o>

EURJPY GBPUSD, EURCHF<o></o>

GBPUSD USDJPY, EURCHF, GBPJPY<o></o>

EURCHF USDJPY, GBPUSD, EURJPY, GBPJPY<o></o>

CHFJPY EURCHF<o></o>

EURGBP EURJPY<o></o>
  • #252
  • Oct 17, 2006 11:20am Oct 17, 2006 11:20am
Quoting Smileman
Hi Hendrick
I find this articule about currency correlation I hope this will be usefull for you
Hi Smileman!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

What a surprise! Really a very good article about Currency Correlation. I've added it to my collection. Thanks again!<o></o>

<o></o>

Hendrick.<o></o>
  • #253
  • Oct 17, 2006 11:23am Oct 17, 2006 11:23am
Quoting snoopy
.
Hi Snoopy!

You're just trading the right currencies for Phoenix 4.2. Hope you will continue your tests and keep us posted!!

Hendrick
  • #254
  • Oct 17, 2006 11:41am Oct 17, 2006 11:41am
Quoting saltcafe
Hi Hendrick,

I'm not quite sure why you got the idea about my suggestion trying to change the nature of the EA (from counter-trend to trend following). That certainly isn't the idea behind what I am suggesting. I suspect that it must have been my clumsy way of explaining what I wanted to propose. Anyway, if you wish I may try to explain this in a different way if you wish.

BTW. I couldn't find your post about the mods to the SL:TP ratios that you mentioned. Do you recall what number it was?
Hi Saltcafe,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

It was not my intention to give you this idea! It's absolutely my inadequate knowledge of English (I'm Dutch) that must have caused this misunderstanding. My sincere apologies for that! I'm very interested in your ideas and if you want we can start a MSN chat this weekend to exchange ideas. Let me know if you think this is a good idea!<o></o>

<o></o>

Hendrick. <o></o>

<o> </o>
  • #255
  • Oct 17, 2006 11:42am Oct 17, 2006 11:42am
Quoting howard
Hi Hendrick and thanks for clarification, as to Phoenix v4_2, whenever you post new settings should the "PrefSettings" changed from true to false?

What I have done is that I had entered all your new settings manually but the PrefSettings is still on true, does this means that the EA is still running on the initial settings or do the new settings manually entered take effect?

Thanks in advance for your reply

Haward

PS: If anybody else knows the answer to this question, I would appreciate it
Hi Howard!

Allways use PrefSettings=true if you want to forward test Phoenix!
  • #256
  • Oct 17, 2006 12:08pm Oct 17, 2006 12:08pm
Still going strong and it will be better in the future!!

Very profitable: GBPJPY
Profitable: USDJPY
Can become profitable: USDCHF:
Newcomer: EURUSD (with the new settings it's performing a lot better!).

For all the other pairs: Their "secret settings" will be discovered!
  • #257
  • Oct 17, 2006 12:12pm Oct 17, 2006 12:12pm
I have dabbled in the Forex before strictly with demo accounts. I came across the Phoenix thread a few days ago. For the past couple of days I have learned Meta 4 and the back testing procedure. I have followed Hendrick's procedure for a 90% modelling quality, etc. I AM AMAZED!!! Thanks A LOT Hendrick!!!! I guess I am like everybody else when I ask: Is there any reason why this system, if tweaked with the times, cannot produce month in and month out profits? Over the next couple of months I am going to try and learn what each parameter means (give a man to fish, teach a man to fish type thing). Please keep up with the thread! Thanks again and good luck with the competition. Your interview was very interesting!



"It's not where your at, but where your coming from"
"Its not where your at, but where your coming from"
  • #258
  • Oct 17, 2006 12:57pm Oct 17, 2006 12:57pm
athalon7:

"Is there any reason why this system, if tweaked with the times, cannot produce month in and month out profits?"

That's what this journey is all about. Finding the best ingredients to make the soup with. I had three winners in a row last night. I was going to rpost the PL graph but the image is too large. I'll repost when I get home.

Hendrick:

I guess we'll be P4'ing for a while. And, yes. If you can figure out a way to filter the correlelated pairs I believe that is a great idea. The only issue I see is that if people want to test this option, they must run P4 on all of the pairs, not just a few. Unless, you have a CorrelateOn or CorrelateOff option. Ya know what I'm getting at???

Back to the battle at hand!!!
  • #259
  • Oct 17, 2006 2:01pm Oct 17, 2006 2:01pm
Quoting Palmer

Hendrick:

I guess we'll be P4'ing for a while. And, yes. If you can figure out a way to filter the correlelated pairs I believe that is a great idea. The only issue I see is that if people want to test this option, they must run P4 on all of the pairs, not just a few. Unless, you have a CorrelateOn or CorrelateOff option. Ya know what I'm getting at???

Back to the battle at hand!!!
Yes Sir! It looks like a six month proposition. When running the tests the account decreases at times but always increases at a larger rate so patience is key. Here is my question: Can anyone, especially Hendrick, give me the optimized numbers for the USD/JPY in the time frame 4/2005 to 10/2005? This will show us the differece the numbers made from last year to this one and what numbers changed. I will be very interested in these. Thanks much.
"Its not where your at, but where your coming from"
  • #260
  • Oct 17, 2006 2:29pm Oct 17, 2006 2:29pm
Quoting Palmer
Will do...Is it me or is Phoenix not performing well wil FXDD??? I had several open positions before I left for work, most in the negative. I'll find out later. It just looks as if some other brokers are a lot more P4 friendly.
Palmer,

I have found the same thing to be true. What gives? My results are lousy on the Booster too.

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