What does it mean of resetting the EA?i really did not get it.
regards
Fred
Ignored
Normally in the other phantom EAs the phantom values just continue to update all the time. Resetting every 8 hours means that they are set back to zero and start over. It may or may not make a big difference in how the EA works. If 02a and 03b do better than the others over time, we can conclude that resetting is beneficial. Those are the only 2 that reset the phantoms.
thank you alot.
for offshore brokers it seems the leverage is a big deal.isn't it?
other advantage is the Hedging,but MC EAs does not do hedging,right?
regards
Fred
Normally in the other phantom EAs the phantom values just continue to update all the time. Resetting every 8 hours means that they are set back to zero and start over. It may or may not make a big difference in how the EA works. If 02a and 03b do better than the others over time, we can conclude that resetting is beneficial. Those are the only 2 that reset the phantoms.
thank you alot.
for offshore brokers it seems the leverage is a big deal.isn't it?
other advantage is the Hedging,but MC EAs does not do hedging,right?
regards
Fred
Ignored
They do a synthetic hedge, not a same pair hedge so you won't have troubles at any broker.
There have been several requests for a document that lists the EAs we currently consider the best ones and an explanation of what they do. I believe we are at a point now where we have narrowed the field to just the AddSix EAs, with the understanding that the EAs developed prior to those, although they can be very profitable for short periods, are too risky.
Here is a Word document that explains the differences in the AddSix EAs, as best I can reconstruct it. MC might want to make some modifications and re-post it.
One thing I am not clear on is how 03 and 03a differ. If 03 trades only the largest winner of the 6 traded pairs, how does it sometimes place more than 1 trade during minute 0? Would it be if 2 or more have the same value at minute 0? And, if that is the case, how does 03a, under the same circumstance, determine which pair to trade when it only allows 1 trade per hour?
These are the two that reset every 8 hours - maybe it's not a good strategy? Time will tell.
Ignored
It's not the reset every 8 hours because my Collective FX and Tadawul accounts are running with EAs that reset the phantoms every 8 hours, and they're doing very well. And I don't even think it's the bigger spreads on IBFX.
I believe it's the proportion of lot size to ProfitPct.
Since my Collective FX and Tadawul accounts are standard accounts with small $3,000 balances, each tick is worth more money than a tick on the 50:1 IBFX accounts. While the dollar profit targets are the same, they are reached faster.
To imitate this on 50:1 IBFX accounts, we'd need to ratchet the ProfitPct down proportionally. I haven't done the math to figure out what the value would be.
If we reduce the ProfitPct on the IBFX accounts, each full closure would be for a pretty small amount, but I think we'd see more frequent closures with fewer periods of a lot of trades staying open for a relatively long time.
Here is a Word document that explains the differences in the AddSix EAs, as best I can reconstruct it. MC might want to make some modifications and re-post it.
Ignored
I looked at it, Frazer. It looks good! I don't believe I could improve it.
In the not-too-distant future, I'd like to develop documentation and even EA logic that explains/analyzes the account type and all relevant account attributes so that optimal MaxMarginToUse and ProfitPct settings are automatically determined.
But first, we need to zero in on optimal settings. We have enough data to do it, just need time and energy to do a thorough analysis and implementation.
It's looking to me like pretty small profit targets are appropriate. Exactly how small, I'm not sure. And then we need to understand how to proportion everything, considering account type, leverage level, etc.
Like many of you, I want an EA I can drag on drop on just about ANY MT4 platform and not have to worry about all of these settings.
These are the two that reset every 8 hours - maybe it's not a good strategy? Time will tell.
Ignored
resetting phantoms every 8 hrs avoids one pair continuosly adding trades without giving any chance to others.
one more thing is EA resets at hour 0, 8, 16. this depends on your broker timezone. if he is GMT+2, then market is already past 2 hours. may be we should have external variables to take AS, EU, US market open hours and reset using this.
Hi MC,
I know this is meant not as-
But I test everything -
everyone can try my own test-
he must also -
the best for me is Phantom_AddSix_03 in all accounts-
Test: not for real-account!!!!! this is for science!!
have you a big account 50000 usd ?!
account minimum 5000 usd by Leverage minimum 400:1
MaxMargin :5.0
ProfitPct: 0.4-
best regards
vienna
It's not the reset every 8 hours because my Collective FX and Tadawul accounts are running with EAs that reset the phantoms every 8 hours, and they're doing very well. And I don't even think it's the bigger spreads on IBFX.
Ignored
You are right again, as usual. My Tadawul 500:1 and Collective 100:1 are both running 03b and both are doing well.
If we reduce the ProfitPct on the IBFX accounts, each full closure would be for a pretty small amount, but I think we'd see more frequent closures with fewer periods of a lot of trades staying open for a relatively long time.
Ignored
Yes, as you know, I have already reduced all my PP to 0.25 and my IBFX accounts are $3000 starting balance. They are now closing for just $6 - $9 depending on what the market is doing when they close. And they are closing more often and with fewer trades than before. I think you can see that on my spread sheets, where the profits become smaller and the closings more frequent.
Now that I think about it, the reason my IBFX 02a and 03b demos have not closed since I changed the PP is that they both already had a significant number of trades open when I made the change and they have not yet come back into profit to take advantage of the changed settings.
It's looking to me like pretty small profit targets are appropriate. Exactly how small, I'm not sure. And then we need to understand how to proportion everything, considering account type, leverage level, etc.
Like many of you, I want an EA I can drag on drop on just about ANY MT4 platform and not have to worry about all of these settings.
Now that I think about it, the reason my IBFX 02a and 03b demos have not closed since I changed the PP is that they both already had a significant number of trades open when I made the change and they have not yet come back into profit to take advantage of the changed settings.
Ignored
That would make sense if you had also changed MaxMarginToUse.
Looking at my last 2 days of results on my AddSix_01 demo since changing PP to 0.25, it seems that the change has made a significant impact on that particular EA. It has closed 4 times in those 2 days with as few as 5 trades, just a little while ago, and as many as 41 trades. This is the account that had reached margin call level twice with hundreds of open trades.
The 41 trade group, when it closed, had 14 GBPCHF trades that were all losers except for one $0.14 winner which was opened 11 minutes prior to closing. It also had 4 CHFJPY trades, which were all big losers.
I am just wondering if this EA, which is the one that gets into trouble because of too many trades being opened, might benefit from the getting strategy of requiring all previous trades on a pair to be winners before opening a new one.
That particular strategy just seems very reasonable to me. Why open a new trade on a pair that has reversed and is now headed in the wrong direction? Seems to me that it would be beneficial to all the EAs, but more so to one that opens too many trades anyway.
this is the best from MC for the
Trader by Activtrades Leverage 400:1
sorry not for american people-
you see the report
Maxmargin: 0,67
ProfitPct: 1.0
best regards
vienna
I am just wondering if this EA [AddSix_01], which is the one that gets into trouble because of too many trades being opened, might benefit from the getting strategy of requiring all previous trades on a pair to be winners before opening a new one.
Ignored
Later versions have other ways of not overtrading, and I think they are as effective as the criterion you mention.
AddSix_01 at this point is a throwaway version in my eyes, but it surely was part of a good lineage.
