Phantom 6 System

I've noticed a few posts that express difficulty understanding the systems.

As a preface, I should explain what a "phantom trade" is. A phantom trade is one that is virtually opened by the EA. To open the virtual trades, snapshots of bids and asks are taken and stored in your computer's memory. With each chart tick, real-time bids and asks are compared to the stored bids and asks to measure the profit/loss of the virtual trades.

I hope this helps.

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This system is based on work from the Basket14 thread.

The first strategy presented here is the same as the one embodied in the EA called Phantom_AddSix_03 in the Basket14 thread.

It is a simple strategy.

These are the pairs we trade:

Group 1, The Phantom Buys
1. GBPUSD
2. USDCHF
3. EURJPY

Group 2, The Phantom Sells
4. GBPCHF
5. CHFJPY
6. EURCHF

These pairs constitute a synthetic hedge. The buy pairs are one side of the hedge and the sell pairs are the other side of the hedge.

Initially, the EA virtually buys the group of phantom-buy pairs and virtually sells the group of phantom-sell pairs.

Every hour at minute 0, the EA adds a real trade for the pair that is the biggest winning phantom pair among the six pairs.

With the EA Phantom6_01, only the 6 pairs are tracked and traded.

The lotstep problem is addressed in all EAs here. Screen comments should be a little easier to read than most in the Basket 14 thread, and they contain more information.

As I start this thread I want to say that these are comprehensive systems whose greatest value lies in the painstaking distillation of a simple but highly effective tactical framework for spot forex trading. The fact that the tactical framework -- or strategy if you prefer -- is encapsulated in a piece of software we call an Expert Advisor is merely a reflection of the fact that we live in the 21st century and should automate things that can be automated. As a software professional, I do not consider this to be Artificial Intelligence, but an Expert System. The intelligence lies in the thinking that was done apart from the software construction, and in uncovering trading tactics that were simple enough, comprehensive enough and effective enough to be implemented as software that trades profitably.

Now for the EAs.

Version 01 does not reset the phantom trades at regular intervals; its trading behavior should be identical to Phantom_AddSix_03 in the Basket14 thread.

Version 01a DOES reset the phantom trades at regular intervals. There is no EA exactly like this one on the Basket14 thread. Version 03a of the Phantom_AddSix series limits the trades to one per hour. Version 03b also limits the trades to one per hour and adds the 8-hour phantom reset feature. However 01a here does NOT limit the trades to one per hour -- note that it IS possible to see more than one pair become the biggest phantom winner inside of minute 0.

Version 01x is exactly like version 01a but only adds trades if all previous trades for the pair are winners.

Phantom_AddSix_02a is much like Phantom6_01a, but it requires each of the 6 pairs we actually trade to distinguish themselves among 14 phantom currency pairs. The 14 pairs represent a pure synthetic hedge, and the 6 pairs also represent a pure synthetic hedge, though a subset of the 14. The result so far has been a smooth upward equity line with good preservation of margin. The copy I uploaded here has 0.3 as the default for MaxMarginToUse and 0.25 as the default for ProfitPct.

For a description of Phantom6_02, see this post: http://www.forexfactory.com/showthre...32#post6944632

Read this post http://www.forexfactory.com/showthre...64#post6947364 to see the difference in trim criteria in version 02a.

Version 03: When the phantom trades become all winners or all losers within their designated groups and the biggest losing trade's loss is at least half of the biggest winner's magnitude, close the biggest losing trade if its loss is at least half of the biggest winner's magnitude (as with 02a), add a trade to the biggest winning phantom pair among the six pairs, and add a trade to the biggest losing phantom pair in the opposite direction of the phantom.

Version 03a: Same as 03 but it only allows a trade to be opened on a pair if no trade already exists for that pair.

Version 04: Same as 03a but trades biggest loser in opposite direction of 03a.

Had to start a new thread huh? Well i'll keep track of this one too i guess

The lotstep problem is addressed in Phantom6_01. Screen comments should be a little easier to read, and they contain more information.

MetaCoder, the above sentence from your post one;
Shouldn't it be Phantom6_01a?

Sorry for my confusion

Thanks

Hi MC,

since this is a new thread and you cleaned up the comments, i think following 2 also will give some info to the user

"nBiggest Phantom Winner Symbol: " + BiggestPhantomWinnerSymbol +

this is the current biggest phantom winner, this will give some idea to the user without having to wait for a hour

"n Largest Floating Profit: $" + DoubleToStr(valLargestFloatingProfit,2) +

this is the largest floating profit for this run. this gives some idea on how far we went ahead before reversing.


aslo i would like to reset the valLargestFloatingLoss and valLargestFloatingPrifit after every closeAll. this will help us to know whats the max DD in THIS run instead of since EA start

thanks a lot

Are your pairs picked using the Forex pair correlation charts? if so or even if not please explain the rules for picking the pairs you did because of course these pair are going to need to be changed in the future, maybe even next week so will need to know how the correct set of pairs are chosen. Thank you

Sir, you would serve yourself well if you took the time to learn what a pure synthetic hedge is. There is no dependence on correlation at all.

Ah, read the Basket 14 thread again. I get it Doesn't work out to well due to currency weight on JPY compared to CHF are different but will test and see how things go. Thanks

Thanks for opening this new thread MC.

For some reasons, this version and all the previous versions on the Basket14 thread do not close for me once the profit target is hit, so i am using another EA attached to another chart to close all orders once target is hit.

I managed to get 70 pips today! i switched it off now and will do the same tomorrow. Thanks for your EA's and brilliant ideas! will keep you updated of how it goes.

PLease does the phantom restart from zero at the begining of each hour and within the hour after TP? Wants to know how to trade this manually.
Thanks

You would have to stay up 'round the clock to trade it manually.

i have my own setup for manual trading. since my broker doesnt support MT4, i have to do it manually. this is not perfect, but i have adopted to it. its successful so far. pl pm me for details, i dont want to confuse this thread as its EA

Is there a setting that i have to make to make the EA close the trades when profit target is hit? all the versions do all the calculations correctly "correct lot size , profit target , margin,...etc" but do not close when profict is hit and i have to do this manually or by using another EA.
any ideas?

I uploaded a particularly successful and stable EA from the Basket 14 thread. See the first post of this thread.

The EA is called Phantom_AddSix_02a.

Phantom_AddSix_02a is much like Phantom6_01a, but it requires each of the 6 pairs we actually trade to distinguish themselves among 14 phantom currency pairs. The 14 pairs represent a pure synthetic hedge, and the 6 pairs also represent a pure synthetic hedge, though a subset of the 14. The result so far has been a smooth upward equity line with good preservation of margin. The copy I uploaded here has 0.3 as the default for MaxMarginToUse and 0.25 as the default for ProfitPct.

You're probably looking only at floating profit, not whether current equity is greater than last flat equity.

For full closure, current equity must exceed last flat equity by the dollar profit amount.

This statement above so confusing, Bunch of EA Names/versions half
of which doesn't even attached.


EA's does have OrderSend, which means orders are open by EA?

rderSendResult = OrderSend(SymbolArray[i],OP_BUY,UseLots,MarketInfo(SymbolArray[i], MODE_ASK),

So could we stick with 1 EA, and delete the rest? Which one that be???

Lots of code for what it's doing.. Is there any .pdf files to understand how it works?

Thanks.

P.S: I'd love to see EA ability to pick profit by $$$ Amount not by Pips or Total Account %%

Just Set profit to let's say $200 (or whatever), ones target hit, close all orders.

SkyzerFX - you have a big problem!! Seek help so that you do not continually make an ASS of yourself!! Not just here but everywhere you post - never stops, same story, no useful input except criticism. Stay silent, read the threads leading up to this one -- then post something constructive if you want.

I am baffled about what your motives are. Clearly they are not in tune with the spirit of the FF.

KingHigh

Completely aggree with above statements... me to trying to track this method but totally confused which ea should be used.

Just put him on your ignore list, it makes this forum much more useful (speaking from experience as I added him to ignore a long time ago

Where do you start with someone who obviously has made no attempt to educate himself?

Feel free to school me in how to write more concise code.

It's PDF files you want, is it? You COULD try simply reading the threads.

DANGER WARNING DANGER WARNING DANGER

You may have to use your brain and pick for yourself.

Automatic trading is a myth, it can't work, it's for fools. Move along, nothing to see here.