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Basket 14 EA System

  • #1,441
  • Oct 27, 2010 6:48pm Oct 27, 2010 6:48pm
Updates.

http://bobthoughts.net/Phantom_AddSix_01a.htm

http://bobthoughts.net/Phantom_AddSix_02alt.htm

http://bobthoughts.net/Phantom_AddSix_03b.htm

http://bobthoughts.net/Phantom_AddSix_03b_IBFX.htm
Open to new approaches.
  • #1,442
  • Oct 28, 2010 12:15am Oct 28, 2010 12:15am
for Phantom_add6_03b, is it important to start the EA on the opening of one of the 3 markets since it resets phantoms? or i can start the EA at anytimeand it will resets automatically even if a market is going to open after "2 hours for example" after attaching the EA ?
  • #1,443
  • Oct 28, 2010 12:19am Oct 28, 2010 12:19am
A little idea:

To prevent getting chopped up in sideways markets or getting into a trade too early, use a dollar buffer amount between the 1st and 2nd biggest winners.

E.g. Dollar Buffer = $1.00

1st BW = $0.86
2nd BW = $0.45

NO TRADE

...

1st BW = $1.97
2nd BW = $0.51

TRADE THE 1st BW
  • #1,444
  • Oct 28, 2010 12:54am Oct 28, 2010 12:54am
poltroni, you can start the 03b EA anytime. But it does depend on your broker server's GMT setting though.

say your brokers GMT is +2 then the EA will reset phantom trades 2 hours earlier compared to using a broker with +0 GMT.

EDIT: MetaCoder, I think including a BrokerServerGMT variable to adjust the Phantom reset times would be a nice addition as everyone has different brokers.
  • #1,445
  • Oct 28, 2010 1:55am Oct 28, 2010 1:55am
hi,
i hope , i understand this EA
Phantom_AddSix 03b

see picture-
very nice -
best regards
vienna
Attached Image (click to enlarge)
Click to Enlarge Name: phantom_addsix_03b picture.jpg Size: 211 KB
  • #1,446
  • Oct 28, 2010 2:01am Oct 28, 2010 2:01am
A question from my side, sometimes a huge market movement in the opposite direction is created by a country that buys or sells billions of a foreign currency, it happened a while ago on the JPY pairs and some months ago on the CAD pairs, don't know if anyone remembered that.

My question is are we protected against such extreme market movement? I see the phantom EA does not create a hedge when it opens orders so in theory can such an event completely ruin your account ?

I may be wrong in my observations but that is why I'm asking
  • #1,447
  • Oct 28, 2010 2:06am Oct 28, 2010 2:06am
Quoting the-game
poltroni, you can start the 03b EA anytime. But it does depend on your broker server's GMT setting though.

say your brokers GMT is +2 then the EA will reset phantom trades 2 hours earlier compared to using a broker with +0 GMT.

EDIT: MetaCoder, I think including a BrokerServerGMT variable to adjust the Phantom reset times would be a nice addition as everyone has different brokers.
Thank you for the clarification. mine is +1 GMT, so an hour earlier should not be a big issue!
  • #1,448
  • Oct 28, 2010 2:44am Oct 28, 2010 2:44am
Quoting Saidar
A question from my side, sometimes a huge market movement in the opposite direction is created by a country that buys or sells billions of a foreign currency, it happened a while ago on the JPY pairs and some months ago on the CAD pairs, don't know if anyone remembered that.

My question is are we protected against such extreme market movement? I see the phantom EA does not create a hedge when it opens orders so in theory can such an event completely ruin your account ?

I may be wrong in my observations but that is why I'm asking
yes in theory it could wipe off your account. thats why we need a hard stoploss of 200 or 300 pips just in case.

you need to protect your account regardless of what strategy or EA you are using. dont expect EA to do every thing for you
  • #1,449
  • Oct 28, 2010 2:47am Oct 28, 2010 2:47am
Quoting roundrock
yes in theory it could wipe off your account. thats why we need a hard stoploss of 200 or 300 pips just in case.

you need to protect your account regardless of what strategy or EA you are using. dont expect EA to do every thing for you
You see this is problematic what is the use of gaining 5-20% per month and then suddenly in one day you lose everything.

Maybe MC can clear this up I'm still trying to "get" this
  • #1,450
  • Oct 28, 2010 2:53am Oct 28, 2010 2:53am
Quoting Saidar
You see this is problematic what is the use of gaining 5-20% per month and then suddenly in one day you lose everything.

Maybe MC can clear this up I'm still trying to "get" this
Common sense tells me itīs safer to cut losers than to add winners....
  • #1,451
  • Oct 28, 2010 3:03am Oct 28, 2010 3:03am
Quoting Caillou
Common sense tells me itīs safer to cut losers than to add winners....
If the signals and price action tell you the move will continue to go against you then it would be the best option to cut the loser. But that may mess up the hedge
  • #1,452
  • Oct 28, 2010 3:37am Oct 28, 2010 3:37am
Quoting Saidar
If the signals and price action tell you the move will continue to go against you then it would be the best option to cut the loser. But that may mess up the hedge
Phantom_AddSix_03b: maxDD: -9.50%, Floating P/L: -700.01$ (no profit)
Phantom_AddSix_02a: maxDD: -5.50%, Floating P/L: -362.20$ (no profit)
Basket14_02: maxDD: -2.66%, Floating P/L: +94.30$(1 trim and reverse) (no profit)
  • #1,453
  • Oct 28, 2010 3:48am Oct 28, 2010 3:48am
Phantom Add 6 03b working really well. Lowest margin so far 2359%. Running since Monday on demo 500:1 margin 0.2 target 0.5. Managed 7 closes so far for 3.5% return. ONe thing I have seen is that occasionally the EA opens the same trade twice on the same hour. Doesn't happen all the time but clearly this would have an effect on my margin.

Cheers

Paul
  • #1,454
  • Oct 28, 2010 7:25am Oct 28, 2010 7:25am
Quoting the-game
A little idea:

To prevent getting chopped up in sideways markets or getting into a trade too early, use a dollar buffer amount between the 1st and 2nd biggest winners.

E.g. Dollar Buffer = $1.00

1st BW = $0.86
2nd BW = $0.45

NO TRADE

...

1st BW = $1.97
2nd BW = $0.51

TRADE THE 1st BW
another way is to buffer the orders until a minimum DD is reached, then release orders to broker. this would allow less DD and reach target quickly. but you may miss some trades which reach target before the minimum DD

i am waiting for a coder to do this. it needs to hold the orders in a buffer and keep checking the DD of buffer orders, if its more than minimum DD, then release those orders, from then on its same as existing EA
  • #1,455
  • Oct 28, 2010 8:31am Oct 28, 2010 8:31am
Quoting roundrock
yes in theory it could wipe off your account. thats why we need a hard stoploss of 200 or 300 pips just in case.

you need to protect your account regardless of what strategy or EA you are using. dont expect EA to do every thing for you
---

Hi all!

I am attaching GBPCHF screen photo as a point of discussion on how we can improve the EA to avoid big DD. Overall I am giving the EA and this thread a big thumb ups. You guys a doing a great jo.

Sincerely,

Edd
Attached Image (click to enlarge)
Click to Enlarge Name: basket1.gif Size: 25 KB
  • #1,456
  • Oct 28, 2010 8:47am Oct 28, 2010 8:47am
Maybe this EA can be used as a hard stoploss. I found it here on FF. A big thanks for the coder. Place it on a chart, timeframe doesn't mather. It is an EA, so put it in the Expert folder first
I modified it to show an alert when the cutoff limit is reached and all trades are closed.

Only problem: The phantom ea doens't reset after a close all trades caused by this EA. So with a hard stop loss of say $300, the phantom EA wants to reach the old $profit target. Which may be to far away. Manual reset the Phantom?
Maybe it can be changed so after a close all, it disables all the running EA's so a manual reset can be done or maybe implement it in the phantom in such way it resets the phantom EA. I am testing it manually with the Phantom Add 02 and Add 02.taz.

I know this isn't the way Metacoder intends the working of his EA's, but maybe worth a try?
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Loss_TooMuch.mq4   3 KB | 216 downloads
  • #1,457
  • Oct 28, 2010 8:55am Oct 28, 2010 8:55am
@ Metacoder: How do you think of implementing an option to reset the Phantom EA at an X amount of loss in dollars?
In that way it keeps the old trades open but reacts faster on the changing of the markets with new trades.

Just an idea that came up this moment. Need also a little time to think if it can improve some of the Phantom versions.
  • #1,458
  • Oct 28, 2010 9:10am Oct 28, 2010 9:10am
MC, sounds like some of these guys would like to reinstate the old external variables, MinMiniEquity and MinStdEquity. I think we quit using them because they caused a lot of confusion. I kind of liked those myself and was somewhat disappointed when you took them out.
Frazer
  • #1,459
  • Oct 28, 2010 9:20am Oct 28, 2010 9:20am
FYI, Steve's MPTP also got an option to close all trades if the loss is too big
  • #1,460
  • Oct 28, 2010 9:28am Oct 28, 2010 9:28am
AddSix_02a closed this morning and 03 closed twice
Attached File(s)
File Type: xls IBFX 50-1.xls   273 KB | 224 downloads
Frazer
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