Phantom 6 System | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Jag's Phantom 6 System 295 replies

Phantom 6 - Manual System 8 replies

Phantom Entry on ODL Japan. 2 replies

Tradeview CAD/JPY "Phantom" spike 0 replies

Phantom high, phantom low 0 replies

Attachments: Phantom 6 System
Exit Attachments

Phantom 6 System

  • #101
  • Nov 9, 2010 6:58pm Nov 9, 2010 6:58pm
Quoting carolco
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...
karel, if you know little bit of coding, it should be easy to do and test
  • #102
  • Nov 9, 2010 7:11pm Nov 9, 2010 7:11pm
Quoting carolco
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...
Tried it...
  • #103
  • Nov 9, 2010 8:12pm Nov 9, 2010 8:12pm
I'm sure there must have been a notification on the Basket14 thread about this one starting, but I missed it somehow. Didn't know about it until MC posted a link today.

Anyway, I'm on board now and will start reporting here. I will probably replace at least some of the EAs on my IBFX demos with these since they are very similar and have better screen comments.

Additionally,since MC has made my spreadsheets the standard for reporting results (thanks a bunch MC) and there has been at least 1 person asking how I do it, I will post a word .doc in the next day or so with step-by-step directions.
Frazer
  • #104
  • Nov 9, 2010 10:07pm Nov 9, 2010 10:07pm
Quoting the-game
The hedge only is useful if all currencies in the hedge are traded at the same time.
Herein (the above quote) lies a clue. If there is truly a synthetic hedge does all the entry criteria really matter?? I was trying to get a four pair "hedge trader" EA to work so as to test this idea but I am NOT a coder. Before I'm told to "just learn how to do it yourself" I would like to say that some people build/design aircraft, others are test pilots. Generally, that's how today's world works.

Moving on, Frazerd; have you had any problem with your "X" version not closing when PPct was reached? I did have but not sure if it's the EA or a screwy broker (closed manually when PPct was well above set amount). Also, I was going to upload a sreadsheet with what I feel is a good summary sheet but FF doesn't recognize the filename of my preferred SS program so
I tried to copy/paste the headings if you can make any sense of it. The corresponding formulas are easy enough to input.


Phantom6_01a
Goal:



AVG Gain/Day
11/04/10 Begin Demo, IBFX Mini-Micro 50:1


Total Days >> 1.75 0.53% TTL % Gain >> 0.93%

Begin Balance “Equity Balance Enhancement”


Work Days Previous Balance Actual MAX Floating Max Floating Lowest
# of Trades Margin Used Percent ( est.) Margin Est. % margin $2,986.82
EBE MMTU Set Profit % Set Profit Target Elapsed M/L Balance After EBE EBE % Draw Down $$ DD $$ Margin % Lot Size Opened @ $3/Micro Margin Used Per Trade per Trade
11/05/10 $16.20 0.5 0.4 $11.86 1 2986.82 $3,003.02 0.54% 0.97% $29.10 718.10% 0.07 21 $441.00 14.76% $21.00 0.70%

Cheers,

TR........... REVELATION !!! Copy/Paste spread sheet not work grasshoppa' !!
Sorry, we'll just ignore this post but treasure it for its "lesson ??".
  • #105
  • Nov 10, 2010 12:45am Nov 10, 2010 12:45am
Quoting frazerd
I'm sure there must have been a notification on the Basket14 thread about this one starting, but I missed it somehow. Didn't know about it until MC posted a link today.

Anyway, I'm on board now and will start reporting here. I will probably replace at least some of the EAs on my IBFX demos with these since they are very similar and have better screen comments.

Additionally,since MC has made my spreadsheets the standard for reporting results (thanks a bunch MC) and there has been at least 1 person asking how I do it, I will post a word .doc...
Hi Frazerd,

Yes, I ask you about your spreedsheet, I found it very detailed. Truth be said, since I found myfxbook, I think it is a quick, easy and very professional way to share results. I really recommend you.........
  • #106
  • Nov 10, 2010 6:51am Nov 10, 2010 6:51am
Hi meta coder,

I have been running phantom6_01 for the last 36 hous in mu demo a/c. Impressive performance.

5000 $ equity has become 5303 $. No loss basket so for. MMTU 0.5 and Profitpct 0.75.

I have seen it is placing 10 trades sometimes. I kept 0.1 lot size.

Any basket closses after hitting stop loss? what is the setting for stop loss?

Thanks for the wonderful EA.

I also added phantom_addsix_02a yesterday evening. For long time it did not trade but now it started trading. Any trading time has been set for this?
Intraday only.
  • #107
  • Nov 10, 2010 7:05am Nov 10, 2010 7:05am
Phantom6_01 has closed another basket. Equity now, 5347 $.
Intraday only.
  • #108
  • Nov 10, 2010 7:42am Nov 10, 2010 7:42am
Phantom_addsix_02a :

It says, the profit target is 37.5 $. Actually the profit is more than 40 & and still did not close. Any issues with it ?

I would reqst members to reply those who are using this EA. Thanks.
Intraday only.
  • #109
  • Nov 10, 2010 7:50am Nov 10, 2010 7:50am
Phantom_addsix_02a : It has just closed with 54 $ profit. Actually the EA says the profit target is 37. 5 $. Why is this?
Intraday only.
  • #110
  • Nov 10, 2010 10:05am Nov 10, 2010 10:05am
Quoting navk
Phantom_addsix_02a : It has just closed with 54 $ profit. Actually the EA says the profit target is 37. 5 $. Why is this?
Did you manually close trades or are there trades closed by MT4 due to margin calls (less than 100% margin) ?
That can be the cause of this.

This is also a possible explanation:
The EA shows the profit target in dollars. But it works with the equity profit target. If it reaches that target, it closes. It can be different with a lot of trades open in a fast moving market. The EA gets the signal, starts closing all the trades, but before all the trades are closed it has moved in your favor or despite it. So you have a difference.
  • #111
  • Nov 10, 2010 10:34am Nov 10, 2010 10:34am
Quoting JulesvH
Did you manually close trades or are there trades closed by MT4 due to margin calls (less than 100% margin) ?
That can be the cause of this.

This is also a possible explanation:
The EA shows the profit target in dollars. But it works with the equity profit target. If it reaches that target, it closes. It can be different with a lot of trades open in a fast moving market. The EA gets the signal, starts closing all the trades, but before all the trades are closed it has moved in your favor or despite it. So you have a difference.
I did not close manually, neither was closed due to margin call. I had enough margin.

I want to see how it close next time.
Intraday only.
  • #112
  • Nov 10, 2010 11:04am Nov 10, 2010 11:04am
Quoting navk
Phantom_addsix_02a : It has just closed with 54 $ profit. Actually the EA says the profit target is 37. 5 $. Why is this?
The market moves as the trades are closed. It can affect the account negatively or positively.
Open to new approaches.
  • #113
  • Nov 10, 2010 7:08pm Nov 10, 2010 7:08pm
I have been following both of the threads and have 03b running on a $3500 demo account...currently have 39 open trades and margin level is 216%..down around $400...since starting the ea it has increased the demo level by $265.

I am using the settings MC has.

running 02a on another demo account with similar results, however less open trades.

thanks to MC and others for great input

regards

Ross
  • #114
  • Nov 10, 2010 7:13pm Nov 10, 2010 7:13pm


Since 08-Nov-2010, Phantom has been achieving postive pips.

Using smallest lot 0.01, profit percentage ranging from 0.5 to 1.
  • #115
  • Nov 10, 2010 7:30pm Nov 10, 2010 7:30pm
Quoting Rossb
I have been following both of the threads and have 03b running on a $3500 demo account...currently have 39 open trades and margin level is 216%..down around $400...since starting the ea it has increased the demo level by $265.

I am using the settings MC has.

running 02a on another demo account with similar results, however less open trades.

thanks to MC and others for great input

regards

Ross
What is the lot size of each trade?
Intraday only.
  • #116
  • Nov 10, 2010 7:38pm Nov 10, 2010 7:38pm
Hi, thank you for yor brillant work

It is posible to do indicator who draw in a single horizontal line (like moving average) the sum of all the position of the panthom basket thru "x" weeks ago established by the user.

Regard

PD. Sorry english is not my first language
  • #117
  • Nov 10, 2010 9:01pm Nov 10, 2010 9:01pm
Quoting abroco
Hi, thank you for yor brillant work

It is posible to do indicator who draw in a single horizontal line (like moving average) the sum of all the position of the panthom basket thru "x" weeks ago established by the user.

Regard

PD. Sorry english is not my first language
pl explain with example or picture
  • #118
  • Nov 10, 2010 9:37pm Nov 10, 2010 9:37pm
Quoting navk
What is the lot size of each trade?
started at .02 now at .03
  • #119
  • Nov 11, 2010 2:58am Nov 11, 2010 2:58am
I am currently using Addsix 2a on a small live account, and I must say currently with a fantastic set of results.

I have followed one of the trades from the initial pair opening through to the close as the PP was reached. There were a couple of hours where there was a drawdown.

A suggestion, I have which it seem's would have worked on the particular scenario I watched, would be to close a pair every second hour. The criteria for which pair to close that I applied is as follows....

Multiple pairs are open, some in profit some in loss. I looked for the worst performing pair ie. the largest loss and closed it. Then 2 hours later I looked for the worst pair again and again closed it. I kept following this logic while there were trades in negative.

I didn't mess with the EA but did it as a paper exercise. The PP and flat balance would have been hit a couple of hours earlier. The EA however did reach the required PP and closed out for a profit.

I am the first to admit I have only looked at one particular scenario and will need to follow this logic a few more times to see if it repeats the initial findings.

My reasoning for having a look at this is that it may help to stop a large drawdown in a choppy market. The reason for closing every 2 hours is that the EA doesn't open a new pair every hour.

Just food for thought. Has anyone else had a look at anything like this.

Keep up the good work MC the results speak for themselves. I'm impressed.
  • #120
  • Nov 11, 2010 6:51am Nov 11, 2010 6:51am
Quoting MetaCoder
http://bobthoughts.net/Phantom6_01a.htm

MaxMarginToUse: 0.5
ProfitPct: 0.75
Lowest Margin: 406.03%
Hello MC
I'm running your Add six 02a EA on a demo. In your above statement you had about 150 trades open at one time during the the days between 9/29 and 10/1. I saw that it took the EA 3 minutes to close all the trades at TP. I did a little experiment and opened 150 trades then closed them with a script called CloseAll and it took only 29 seconds to close the 150 trades. Don't know if the coding from this script can be added to your EA but if it can't, you might want to use this script manually when you have alot of trades to close and you want out faster. Thanks much for the EA .
1 trader viewing now