Basket 14 EA System

Some of you are expressing concern that the hedge is not being reliably constructed via real trades.

With Phantom_AddSix_02, it should be more of a concern than with 01.

With Phantom_AddSix_01, all that's required to open a trade on a pair is for its phantom trade to be positive.

However, with ver 02, a pair must have distinguished itself as a biggest phantom winner among all 14 pairs before it will be traded. No, I'm not going to whittle down to tracking only the 6 pairs. It seems to me that we shouldn't be worried about trading the other side of the hedge until some of those pairs move strongly enough to distinguish themselves as biggest winners among the larger basket. When my theory is proven wrong, I'll come up with EAs that deal with it.

I have not tried to make myself the policeman over the noise occurring on the thread, but there is quite a bit. The main reason I don't is because it's not my place to do it. Also, traders can learn from seeing theories put to the test. We all like the freedom to test our ideas openly. I have strong opinions so when I express them I hope they don't discourage a free exchange of ideas.

Yes I feel you should at least try mightily to figure out how to code an idea if you believe in it. If you think the idea could make you into a millionaire, why wouldn't you invest the blood, sweat and tears into mastering this little MQ4 programming language? I know it's not easy but I deeply respect those who at least try. Frazerd earned my utmost respect through his coding efforts and through his relentless objective analysis of trading results. I ponder his suggestions carefully since I know he spends much time observing, thinking and sharing his analysis.

It's easy to ask me to implement your ideas but I do my own independent thinking based mostly on data (trading statements) presented on the thread, and only rarely based on someone's suggestions.
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Next topic -- getting the settings right.

I'm a US trader so I'm stuck with US brokers. I test with 50:1 leverage.

Based on statements I'm seeing, including my own, I'm going to start using
0.67 for MaxMarginToUse and 1.0 for ProfitPct. This applies only the the NON-taz Phantom_AddSix EAs.

If I run out of margin with those settings, I'll adjust those two settings downward, proportionally, until my margin is staying safe -- 500% or better is nice.

I'd probably adjust the settings downward as follows.

MaxMarginToUse at 0.335 and ProfitPct at 0.5
MaxMarginToUse at 0.1675 and ProfitPct at 0.25

You may want to try other values but what I'm suggesting is to keep the MaxMarginToUse / ProfitPct ratio at about 0.67.

Caillou, try manually open .01, .53, 1.77, etc. lot size on any pair, see if that's possible.
can't find min lot size on this broker's website.

getting, did you get a margin call on this?

http://www.mt4i.com/users/gomkt500_phan14add02

Hi Getting,

Min lot size is 0.05, so with maxmargintouse:0.4, lots will be 0.1.... Any ideas ?

try this for kicks:
set usesmallestlot to 'true'
input .05 into the lot input
see if it trades

EA probably trying open lot size that's not compatible with your broker, try to find broker with min lot of .01
lots perimeter under maxMarginToUse...uhhh try putting .05 there - not sure.

yesterday i didn't get margin call, but after u ask me about it, i went back and restart it, and margin call just hit right then and there.
I have to allocate resources to nanningboob; which requires so much.
so I'm currently running Phantom_AddSix_02

Thank you Tazmaan,
Let´s check in 5 min, put +/- 5pips, let´s see....

Thank you getting, trying with 0.05.....

THANK YOU VERY MUCH, with usesmallestlot to true and 0.05 trades open.....

I've run into issues testing other ea's on tadawulfx, which has the same .05 lot minimum and you can only step the lot size by .05 also.
Maybe at some point MC can add the code in to check a brokers minlot and lotstep, and adjust accordingly.

MINLOT is already checked in the EAs. Adding LOTSTEP checks isn't anywhere close to a priority for me so I'm not your man for that. As always, you all have the source code, modify for your own needs.

all good

Quick question for those who run MetaTrader under Windows 7. Are there any issues? Thanks!

I agree in particular to-
we can not all ideas are programming in an EA.
you lose the goal which we have in the eyes.
I thank them and frazerd, for the hard-working
also thanks for the explanation of the background-
I hope this is a long thread out of them,
please stay with us.
best regards
vienna from austria

none at all for me so far.
however i don't have any installed under program files, which i read can cause some permission issues.
otherwise, solid as a rock

Ah, so avoid installing your client app under Program Files with Windows 7, eh? Thanks taz!

Here is a new version of Phantom_AddSix.

It has a subtle change from version 02 in an attempt to make it a little more like version 01, yet more efficient than that version. And it won't have the limitation that the biggest winning phantom must be biggest among all 14 pairs as in version 02.

Instead, a winning phantom must only be the largest among the six traded pairs in order for a trade to be opened. In other words, we limit the biggest phantom winner candidates to EURCHF, EURJPY, CHFJPY, GBPCHF, GBPUSD, USDCHF.

This means that as soon as any of these six pairs become positive phantoms, we will trade them during minute 0. We don't have to wait for them to distinguish themselves among all 14 pairs.

With version 03, it is possible that more than one trade can be opened in minute 0, but less likely than in version 01.

I believe this makes ver 03 a true hybrid of 01 and 02. I won't pretend this is all my idea since I think there was at least one suggestion along these lines. There is still "baggage" code for the other 8 pairs in the EA, but it won't hurt anything. If this EA is successful, I'll trim it later.

Note that MaxMarginToUse is defaulted at 0.67 and ProfitPct is at 1.0. If this is too aggressive for 50:1 accounts, we'll crank these settings down proportionally, e.g., 0.335 and 0.5 or whatever makes sense.

Version 03a is exactly the same as version 03, but it only allows one pair to be traded during minute 0.

Version 03b is exactly the same as version 03a, but it resets the phantom trades every 8 hours, roughly in synch with the 3 major market opening times (Asian, Euro/UK Zone, USA).
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I never had any issues with Windows 7.
Prior to Windows 7, I had the Vista.
The Vista was crushing all the time.

Yeah Vista is awful!