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Phoenix 2007 (new thread)

  • #621
  • Nov 9, 2006 10:27am Nov 9, 2006 10:27am
Quoting babarmughal
HI Guys,

which one is the latest version of pheonix...I am lost

Thanks
The latest Version is Phoenix_EA_v5_6_03

You can find it here:
http://www.forexfactory.com/forexfor...240#post133240

Cheers
  • #622
  • Nov 9, 2006 11:46am Nov 9, 2006 11:46am
Let’s talk about the differences between manual trading and trading with an automated trading system like <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City>. What makes a manual trader a successful trader? I think a successful trader has developed his own strategy and he will stick to this strategy whatever happens. He doesn’t get upset when there are a couple of loosing trades because he knows that in the end the winning trades will have the upper hand. He trusts his strategy for a 100%!<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o> </o>

The same counts for an Expert Advisor. You’ve tested it backwards and forward, tried it on several demo-accounts and it turned out to be very successful. So, one day you decided to put this EA on a live account. And then you started to lose your faith. Sitting all day in front of your screen, closing trades by hand as soon as your trades are a couple of pips in profit (greed) or closing trades that are a couple of pips in loss (fear). Instead of letting the EA do its work (as a successful manual trader) you interfere with your human shortcomings. And after a week or so you decide to drop the EA because it’s not making any profit.<o></o>

<o> </o>

A lot of suggestions were made on how to improve <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City>. I have to say that most of these suggestions are based on the same shortcomings as mentioned above, greed and fear.<o></o>

<o> </o>

My advise: test the different modes with different pairs, make a choice, do your backward and forward testing for a couple of weeks and if you’re 100% confident about its performance, then you go live. That decision is all yours!<o></o>

<o> </o>

I received several e-mails from people who lost all their money with manual trading. Now they want to try <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> and asked me to guide them. No way! I’m sure these people will still loose money when using <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City>. It’s all about self-confidence and knowledge of <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City>. Without it you’re condemned to loose!<o></o>

<o> </o>

I think <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> has only one problem: it’s based on settings that had been optimized for the last 6 months. If there is a strong turn in the behavior of a pair <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> can start to make more loosing than winning trades. First sign of this is when you get consecutive losses. Then it’s time to stop <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City>. I’m now trying to find out when these turns occur and which settings will have to be adjusted to get <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> again on the right track. <o></o>
  • #623
  • Edited 12:23pm Nov 9, 2006 11:56am | Edited 12:23pm
Quote
I think <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> has only one problem: it’s based on settings that had been optimized for the last 6 months. If there is a strong turn in the behavior of a pair <st1:City w:st="on"><st1lace w:st="on">Phoenix</st1lace></st1:City> can start to make more loosing than winning trades. First sign of this is when you get consecutive losses.

So next step is ... making Phoenix adaptive and implement some sort of walk forward optimization ... that's a BIG challenge !

May the odds be with you !!
  • #624
  • Nov 9, 2006 1:07pm Nov 9, 2006 1:07pm
Quoting ldamiani
So next step is ... making Phoenix adaptive and implement some sort of walk forward optimization ... that's a BIG challenge !

May the odds be with you !!
Am I to assume that you're the same Idamiani who's in the trading champsionship as well?

Anyways, as far as Phoenix goes, I'm finding that I'm getting better results on my demo account with Phoenix running in mode 1 over the others. While running in classic mode, it's cleaning house. Mode 3's "easy-out" losses just keep dragging things down, hurting the average. Then again, this is only my mileage, your mileage may vary.
  • #625
  • Edited 8:15pm Nov 9, 2006 6:36pm | Edited 8:15pm
I am just curious, I had it running all day, but only one trade executed. If we all use the same EA, should we all have the same results?
Which trades have been excecuted for you? Maybe I am doing something wrong.
Thank you all.
Steve
  • #626
  • Nov 9, 2006 7:36pm Nov 9, 2006 7:36pm
PipSteve:

Different brokers have different data-feeds/speeds/execution timing blah blah blah. So, everyone's results will differ with different brokers.

SkyHook;

Got the email with the indicators for the range breakout thingamabobjoggyEA. I'm going to look at some previous charts with your targets and see what I can see.

Matty:

sssup dude...

Harry:

Suggestions/feedback about Phoenix...that's a hard one. I'm going to brush up on some 'envelope theory' to see how that works first. Everyone can see an indicator on a chart as being overbought, but how is the indicator formulated and what is it really telling you about price action???? So, I'll groove into the envelopes...

Here I am with FXDD and minis. I have to do this in Excel because I have two other EA's running......Is it me or is FF really slowwwwwwww right now?
Attached Image
  • #627
  • Nov 9, 2006 7:41pm Nov 9, 2006 7:41pm
Quoting Skyhook
Am I to assume that you're the same Idamiani who's in the trading champsionship as well?
yep ... are you too?
  • #628
  • Nov 9, 2006 9:41pm Nov 9, 2006 9:41pm
Quoting ldamiani
yep ... are you too?
In case you are the one...

Hendrix is here sharing his knowledge and we are helping with forward testing to make it better as you already know.

Any chances you are planning to do the same?
  • #629
  • Nov 9, 2006 10:36pm Nov 9, 2006 10:36pm
tow dats,over 48hours,using the broker "netxx" now this my statement
Attached File(s)
File Type: zip statement P5.6.3.zip   9 KB | 353 downloads
  • #630
  • Nov 9, 2006 10:42pm Nov 9, 2006 10:42pm
Quote
sssup dude...

Not much, Palmer. Wishing I was in a tropical paradise somewhere trading the Forex wirelessly on a beach.
"Its not where your at, but where your coming from"
  • #631
  • Nov 9, 2006 11:33pm Nov 9, 2006 11:33pm
Quoting babarmughal
HI Guys,

which one is the latest version of pheonix...I am lost

Thanks
Hi Babarmughal,
Just check the very first post's attachhment of this thread. The idea is to use the first post for the latest updates.
ed
  • #632
  • Nov 10, 2006 5:26am Nov 10, 2006 5:26am
Guess who is @ no1 again?!? :-)
  • #633
  • Nov 10, 2006 5:46am Nov 10, 2006 5:46am
Hey Palmer,

Did you have to change any of the default paramaters in the phoenix version that you are using, due to it being a mini instead of a standard account? I have been demoing on a mini account of $3000 and it is only playing .10 mini lots, which doesnt seem like the correct % that it should be playing. Just curious.

Thanks
Jon

Quoting Palmer
PipSteve:

Different brokers have different data-feeds/speeds/execution timing blah blah blah. So, everyone's results will differ with different brokers.

SkyHook;

Got the email with the indicators for the range breakout thingamabobjoggyEA. I'm going to look at some previous charts with your targets and see what I can see.

Matty:

sssup dude...

Harry:

Suggestions/feedback about Phoenix...that's a hard one. I'm going to brush up on some 'envelope theory' to see how that works first. Everyone can see an indicator on a chart as being overbought, but how is the indicator formulated and what is it really telling you about price action???? So, I'll groove into the envelopes...

Here I am with FXDD and minis. I have to do this in Excel because I have two other EA's running......Is it me or is FF really slowwwwwwww right now?
  • #634
  • Nov 10, 2006 5:53am Nov 10, 2006 5:53am
Can someone point me to the latest link to download Phoenix? Thanks.
In Charts We Trust!
  • #635
  • Nov 10, 2006 6:20am Nov 10, 2006 6:20am
Hi all.

Backward/Forward testers of FB5 :
Which mode of FB did you prefer, in terms of $$$ return or protected account ?
Mode1, Mode2 or Mode3 ?

Thanks
  • #636
  • Nov 10, 2006 6:30am Nov 10, 2006 6:30am
Quoting X.Oden
Can someone point me to the latest link to download Phoenix? Thanks.
Can I perhaps suggest you read through the WHOLE thread b4 asking please..? I know it's a lot of posts but believe me, it's gonna b worth your time! Also you will get a better feel for this EA instead of just smacking it on a chart and wait for 'it' to do something. Lastly it saves us having to answer the same questions over and over again too.
Good luck!
  • #637
  • Nov 10, 2006 6:56am Nov 10, 2006 6:56am
Quoting jac28403
Hey Palmer,

Did you have to change any of the default paramaters in the phoenix version that you are using, due to it being a mini instead of a standard account? I have been demoing on a mini account of $3000 and it is only playing .10 mini lots, which doesnt seem like the correct % that it should be playing. Just curious.

Thanks
Jon
Hey Jac28403,

I had the same problem. I've added the code

lot = lot * 10;

before the code

if(MM==false) lot=Lots;
if(AccountIsMicro==true) lot=lot/10;
return(lot);

in the function LotsOptimized().

Recompile it...et voila

but I am sure we can find a better workaround...
  • #638
  • Nov 10, 2006 7:15am Nov 10, 2006 7:15am
my second statement in 3days,net about 500pips

but,the 3days i test is not a continuous 72 hours ,i open it onlt in the (12:00-16:00 and 18:00-24:00 GMT+8)

not a continuous test is also a good result even better than my first statement which is open it 72h continuos.


i will test it next week.
Attached File(s)
File Type: zip 1107-1111statement.zip   7 KB | 303 downloads
  • #639
  • Nov 10, 2006 7:33am Nov 10, 2006 7:33am
Please read post 621 for the newest version


Quoting X.Oden
Can someone point me to the latest link to download Phoenix? Thanks.
  • #640
  • Nov 10, 2006 7:35am Nov 10, 2006 7:35am
Would someone be so kind as to post the optimized settings for USD/JPY please?

Tks
Berdj


Quoting VinceTheBeast
Guess who is @ no1 again?!? :-)
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