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Phantom 6 System

  • #81
  • Nov 7, 2010 9:14pm Nov 7, 2010 9:14pm
Quoting TradeRunner
I think that's just pretty cool. It's obvious that MC has put a lot of work into these EA's and deserves a round of applause (and a logo).



Great fortune to all !!
Thanks evrybody and specially to metacoder for his BIG effort to make us understand his very very hard work , I am actually trying to finish reading the Basket14 thread to understand all of this, maybe a logo For that Thread can work too ? as that one is the basic one right? .

Best Regards friends
__________-
Sequoia
  • #82
  • Nov 8, 2010 2:33am Nov 8, 2010 2:33am
Hi MC,

Just reading your post on page 2, and I have two questions,

1) I understand that increasing MMTU will increase your lotsize, but does decreasing your PP using the same MMTU increase the lotsize further?

2) Checking your statement below I noticed that lotsize that was originally 0.03 later changed to 0.11, 0.06, 0.05, and finally 0.08. How did you achieve this? Was it changed combinations of MMTU and PP, or one or the other?

Pedross


http://bobthoughts.net/Phantom6_01a.htm

MaxMarginToUse: 0.5
ProfitPct: 0.75
Lowest Margin: 406.03%
  • #83
  • Nov 8, 2010 3:53am Nov 8, 2010 3:53am
Hi all,

I´ve started Sunday evening a new test for Phantom6_01a and Phantom_AddSix_02a, 10.000.-$, 200:1, MMTU: 0.5 (0.1 lots), PP: 0.5
01a: first profit, +57,96$, max DD: -1.88%
02a: no profit yet, max DD: -4.53%

For Phantom6_01a:

http://sergioar.mt4stats.com
  • #84
  • Nov 8, 2010 8:32am Nov 8, 2010 8:32am
Hey

is it possible to run the Phantom_AddSix_02a on same account as another EA (the beast) is running?

Or would that create troubles? Ofcorse on a different chart. I use MIG in Schweiz.

BR

PC
Less is more...
  • #85
  • Nov 8, 2010 9:17am Nov 8, 2010 9:17am
Quoting pipcruiser
Hey

is it possible to run the Phantom_AddSix_02a on same account as another EA (the beast) is running?

Or would that create troubles? Ofcorse on a different chart. I use MIG in Schweiz.

BR

PC
I think can, but you need another EA like MPTM to manage the closing of your basket trades. But somehow the Phantom Six EA will be frozen when MPTM is loaded. The global variables set by Phantom EA will be gone. But I'm not sure about 'the beast' if it can recognize its own trades.

I'm using a basket trade manager I extracted from Steve's MPTM but still under test. I'm not a coder. I just know how to copy and paste so I'm not confident enough to share the EA. But let me know if interested.
  • #86
  • Nov 8, 2010 9:41am Nov 8, 2010 9:41am
Quoting pedross
2) Checking your statement below I noticed that lotsize that was originally 0.03 later changed to 0.11, 0.06, 0.05, and finally 0.08. How did you achieve this? Was it changed combinations of MMTU and PP, or one or the other?
I used several different EAs at different times. Most of the Phantom-type EAs will make money as long as lot sizes aren't too large for the account type/size.
Open to new approaches.
  • #87
  • Nov 8, 2010 1:25pm Nov 8, 2010 1:25pm
Quoting pipcruiser
Hey

is it possible to run the Phantom_AddSix_02a on same account as another EA (the beast) is running?

Or would that create troubles? Ofcorse on a different chart. I use MIG in Schweiz.

BR

PC
Not recommended except for those with very advanced knowledge of the MT4 platfrom and EAs. Even then not a good idea.
Open to new approaches.
  • #88
  • Nov 8, 2010 5:06pm Nov 8, 2010 5:06pm
After demo-ing 6_01a last week, I went live with it starting Friday, trading one penny lots. Currently down $5.50, or in the neighborhood of 500 pips. Is it unusual for hedged trades to be in such a state of imbalance?
  • #89
  • Nov 8, 2010 5:13pm Nov 8, 2010 5:13pm
I would've demo'd the EA for at least 3 months!

Yesterday was a very choppy/ranging market. Hopefully your account will recover.

Once it gets above 5%/on the way to 10% Maximum DD, I would start worrying
  • #90
  • Nov 8, 2010 5:37pm Nov 8, 2010 5:37pm
Been demoing MC's basket EAs for weeks now. As you know, there've been a few versions. This one looked like a winner so I thought I'd go live, although at minimum risk (one penny lots), so not too worried about the money. I just assumed a hedge would prevent 500 pip swings. Isn't that its purpose?
  • #91
  • Nov 8, 2010 6:09pm Nov 8, 2010 6:09pm
The hedge only is useful if all currencies in the hedge are traded at the same time.

Because these EAs only trade the Biggest Phantom Winners each hour, you could get several trades on a pair only to have it reverse later on.

The only backup is for another Biggest Phantom Winner to emerge and it is usually the currency on the other side of the hedge.

But even that isn't enough to prevent a large draw down in a very choppy market.

Hence why I am trying all sorts of strategies to prevent my version trading in choppy/range-bound markets.
  • #92
  • Nov 8, 2010 6:29pm Nov 8, 2010 6:29pm
I see. Thanks for the explanation.

Mike
  • #93
  • Nov 8, 2010 8:39pm Nov 8, 2010 8:39pm
Quoting Pinhead
Been demoing MC's basket EAs for weeks now. As you know, there've been a few versions. This one looked like a winner so I thought I'd go live, although at minimum risk (one penny lots), so not too worried about the money. I just assumed a hedge would prevent 500 pip swings. Isn't that its purpose?
pinhead, pl check frazer reports. 01 adds lot of trades. 02 version adds less and is more stable. iirc, 01 ran into margin call once, pl check it

if i decide to go LIVE, it would be 02 or 02a
  • #94
  • Nov 8, 2010 10:42pm Nov 8, 2010 10:42pm
Quoting roundrock
pinhead, pl check frazer reports. 01 adds lot of trades. 02 version adds less and is more stable. iirc, 01 ran into margin call once, pl check it

if i decide to go LIVE, it would be 02 or 02a

Thanx, roundrock. I should be more up to speed on what these EAs are doing, but lately I've been on the Steve Hopwood EA testing merry-go-round, with half a dozen demos going, and, frankly, it's turned into more than I can handle. Time to cut back a little.
  • #95
  • Nov 9, 2010 4:36am Nov 9, 2010 4:36am
Quoting Pinhead
Thanx, roundrock. I should be more up to speed on what these EAs are doing, but lately I've been on the Steve Hopwood EA testing merry-go-round, with half a dozen demos going, and, frankly, it's turned into more than I can handle. Time to cut back a little.
frankly speaking i havent read the entire T101 thread or the EA by steve. but i can tell you this add Six series by MC is the best multipair system i have seen. its not just take any 14 and trade anytime. there is lot of thought process and excellent testing by frazer and others. it has every thing. settings to address margin, dd, profitability, lotsize. intelligence to know when to add and what to add.

give it a try on demo and concentrate on one EA or max 2 EA

I would suggest try 02 or 02a

ps: one thing i dont like in steve EA is stoploss, one SL would eatup several profitable trades.

pps: MC, excuse me for bringing other EA discussions here, but i couldnt resist
  • #96
  • Nov 9, 2010 6:12am Nov 9, 2010 6:12am
Quoting roundrock
frankly speaking i havent read the entire T101 thread or the EA by steve. but i can tell you this add Six series by MC is the best multipair system i have seen. its not just take any 14 and trade anytime. there is lot of thought process and excellent testing by frazer and others. it has every thing. settings to address margin, dd, profitability, lotsize. intelligence to know when to add and what to add.

give it a try on demo and concentrate on one EA or max 2 EA

I would suggest try 02 or 02a

ps: one thing i dont like in steve EA is stoploss,...
I´m with you Roundrock,

Since I met MC´s EA´s, I only focuse my time and attention to Phantom EA´s, I have never trade forex with less stress, it is just a matter to find the right Phantom and the right MMTU and PP......

Thanks again MC, Frazerd and everyone .....
  • #97
  • Nov 9, 2010 10:50am Nov 9, 2010 10:50am
Hi - Are you able to trade this system manually?

Thanks

WFX
  • #98
  • Nov 9, 2010 11:18am Nov 9, 2010 11:18am
OK. Strategy is to add to winning trades every hour. On the attached chart, a trade was added every hour to the GU, which was losing. I'm trying to make sense of it, but . . .
Attached File(s)
File Type: pdf Phantom.pdf   30 KB | 1,125 downloads
  • #99
  • Nov 9, 2010 4:31pm Nov 9, 2010 4:31pm
I really like this concept.. Im on demo with 01a and 02a versions. No trade were closed and right now I am in loss by floating equity.

I feel (not think) there must be one more (not indicator based) golden rule that will help to improve this fantastic EA.

As I see my demos with loss floating equity, why not to try to make countertrand synthethic hedge. So the rule would be the biggest winner on Buys we sell this pair and vice versa. At first it seems to be stupid idea, I know, but it could do better job by: reversing and ranging which happed more often than tranding..

Just a thought

With respect Karel
  • #100
  • Nov 9, 2010 4:38pm Nov 9, 2010 4:38pm
Lately the market has exhibited action that is a test for these kinds of tactical packages.

See the new Phantom6_01x, mirroring the latest thoughts on the Basket14 thread.
Open to new approaches.
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