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Phantom 6 System

  • #121
  • Nov 11, 2010 7:15am Nov 11, 2010 7:15am
Quoting pipssqueak
I am currently using Addsix 2a on a small live account, and I must say currently with a fantastic set of results.

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.
Hmmmm... might be interesting if the EA's did a calculation "if all winning trades equal Profit Percent, close all losing trades".

BTW... I've been running Phantom 6 01x with great results and very small DD.
  • #122
  • Edited 1:59pm Nov 11, 2010 1:10pm | Edited 1:59pm
BTW... I've been running Phantom 6 01x with great results and very small DD.[/quote]



Hello TradeRunner,

please would you disclose us your set file? Do you use default setting?

Regards
  • #123
  • Edited 2:41pm Nov 11, 2010 2:15pm | Edited 2:41pm
I started all 3 of the Phantom6 EAs on new demo accounts yesterday, all at the same time. They are all set with MMTU 0.5 and PP 0.5. This should give a good comparison of the 3.

None of them is even close to closure yet.

01 has accumulated 24 trades, lowest DD -2.67%, lowest margin 545%

01a has accumulated 28 trades, lowest DD -3.58%, lowest margin 470%

01x has accumulated 15 trades, lowest DD -1.89%, lowest margin 878%

I will post spreadsheets when I have some closures.
Frazer
  • #124
  • Nov 11, 2010 3:02pm Nov 11, 2010 3:02pm
Just looking at the early results I posted above, there are a couple of obvious conclusions. First, the resetting of phantoms may not be a good tactic. It is producing more trades and more same pair losers.

Secondly, the x factor seems to be an excellent tactic, keeping same pair losers and total trades to a minimum.

These screen shots of the Trade window show it graphically.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Ph6_01 11-Nov-10.gif Size: 34 KB
Click to Enlarge Name: Ph6_01a 11-Nov-10.gif Size: 39 KB
Click to Enlarge Name: Ph6_01x 11-Nov-10.gif Size: 23 KB
Frazer
  • #125
  • Nov 11, 2010 3:29pm Nov 11, 2010 3:29pm
Quoting frazerd
Just looking at the early results I posted above, there are a couple of obvious conclusions. First, the resetting of phantoms may not be a good tactic. It is producing more trades and more same pair losers.

Secondly, the x factor seems to be an excellent tactic, keeping same pair losers and total trades to a minimum.

These screen shots of the Trade window show it graphically.
Totally agree......
  • #126
  • Nov 11, 2010 3:51pm Nov 11, 2010 3:51pm
Quoting Meta1
BTW... I've been running Phantom 6 01x with great results and very small DD.


Hello TradeRunner,

please would you disclose us your set file? Do you use default setting?

Regards[/quote]

Still having excellent results with 6 01x (seems to be different than Frazerds results).
Attached File(s)
File Type: xls Phantom6 01X_IBFX.xls   10 KB | 450 downloads
File Type: xls Phantom6 01X_1PIPFX.xls   9 KB | 346 downloads
  • #127
  • Nov 11, 2010 4:10pm Nov 11, 2010 4:10pm
Quoting TradeRunner
Still having excellent results with 6 01x (seems to be different than Frazerds results).
Has a lot to do with when you start. I wish I could figure out the secret, but it has been pointed out several times that timing is a key that we have not been able to get hold of. I started these yesterday afternoon, which would have been near the end of the US trading day. Seems to me that generally, getting started just before the Europe opening (late night my time) has usually worked out better.??
Frazer
  • #128
  • Nov 11, 2010 4:10pm Nov 11, 2010 4:10pm
since this is sort of originated from t101's 14 pairs basket idea, i'd be bold to suggest NOT to forfeit the resetting feature.

however, try reset at the end of each U.S session, that is, daily reset.

if we don't reset it completely, then when a big trend retrace, the account might see a lot of drawdown.

well, on 2nd thought, if the previous position MUST be profitable to open next pos, then resetting may not be needed 100%. but there is still a timing issue, i'm afraid...

cheap 1 cent。。。

Quoting frazerd
Just looking at the early results I posted above, there are a couple of obvious conclusions. First, the resetting of phantoms may not be a good tactic. It is producing more trades and more same pair losers.

Secondly, the x factor seems to be an excellent tactic, keeping same pair losers and total trades to a minimum.
  • #129
  • Nov 11, 2010 4:29pm Nov 11, 2010 4:29pm
Quoting frazerd
Has a lot to do with when you start. I wish I could figure out the secret, but it has been pointed out several times that timing is a key that we have not been able to get hold of. I started these yesterday afternoon, which would have been near the end of the US trading day. Seems to me that generally, getting started just before the Europe opening (late night my time) has usually worked out better.??
I understand what you're saying. However, if you're considering running an EA on a live account month after month, the starting time is hardly relevant.
  • #130
  • Nov 11, 2010 4:29pm Nov 11, 2010 4:29pm
I'm running the AddSix 02a . Trying to figure out why the last 4 trades(within the last 5 bars showing on the chart) have been buys on USD/CHF when the price has been falling. Shouldn't EA be selling not buying here?
Attached Image (click to enlarge)
Click to Enlarge Name: uc chart.gif Size: 13 KB
  • #131
  • Nov 11, 2010 4:34pm Nov 11, 2010 4:34pm
Quoting charvo
since this is sort of originated from t101's 14 pairs basket idea, i'd be bold to suggest NOT to forfeit the resetting feature.

however, try reset at the end of each U.S session, that is, daily reset.

if we don't reset it completely, then when a big trend retrace, the account might see a lot of drawdown.

well, on 2nd thought, if the previous position MUST be profitable to open next pos, then resetting may not be needed 100%. but there is still a timing issue, i'm afraid...

cheap 1 cent。。。
As I understand it, MC knew nothing of T101's method when posting these EA's. They're comprised of a "common sense" hedge (and if they keep working he may soon decide to charge us a monthly fee for their use so best not to brag about them too much).

Really.... you can't tell if there's a timing issue or not based on a few days data.
  • #132
  • Nov 11, 2010 7:56pm Nov 11, 2010 7:56pm
i do this manually. i copy the trades from EA to my live account manually. what i have seen is if you start the basket at end of US you will have several trades in the basket mostly same pair during asia and it takes a while to hit TP

Thats why i start my basket 1 hr before EU and it closes faster. i do one basket a day. if i get TP quickly and have atleast 1 hr in EU then i start 2nd basket and hope it closes before US closes. for any reason it doesnt close by US end, i will close it manually if i am BE or in profit. if i was in loss i will continue to ASIA.

with x factor and smaller PP 0.25, the momentum takes to PP quickly, so it works better in EU
  • #133
  • Nov 11, 2010 9:00pm Nov 11, 2010 9:00pm
Quoting roundrock
i do this manually. i copy the trades from EA to my live account manually. what i have seen is if you start the basket at end of US you will have several trades in the basket mostly same pair during asia and it takes a while to hit TP

Thats why i start my basket 1 hr before EU and it closes faster. i do one basket a day. if i get TP quickly and have atleast 1 hr in EU then i start 2nd basket and hope it closes before US closes. for any reason it doesnt close by US end, i will close it manually if i am BE or in profit. if i was in loss i will...
Hi roundrock,

I read somewhere that there's an EA that copies trades from another mt4 but the link directed me to a website sales page. it would be nice if there's an EA (that is free) like that here in FF.
  • #134
  • Edited 9:19pm Nov 11, 2010 9:01pm | Edited 9:19pm
Quoting TradeRunner
I understand what you're saying. However, if you're considering running an EA on a live account month after month, the starting time is hardly relevant.
That is correct, if you run the EAs continuously you will have good runs and a few bad ones mixed in every now and then. EDIT: If you start with a good run that lasts for a few weeks, you can be lulled into believing that it will last forever. Not true. Any system will have some rough times. That is why I keep my settings where the lowest margin never gets too low.

I was referring to the difference in performance between your demo and mine which were running at about the same time. I started mine at a bad time, while you started probably earlier than me and I would guess during the Europe or US markets. During testing of some of the earlier EAs we have seen big differences in initial performance with demos that started just an hour or so apart.

I think many traders agree with roundrock that the Europe/US market times are best for trading.
Frazer
  • #135
  • Nov 11, 2010 11:55pm Nov 11, 2010 11:55pm
Phantom6_01 :
Presently - 650 $ and margin at 250 %. A/c size 5340 $ Lot size 0.1. 27 open trades.

I expect tonight there will be margin call.

Phanto addsix _02a :

A/c size 5073 $. Lot size 0.1 Presently down by 280 $. Margin 685 %. No of open trades : 11.
Intraday only.
  • #136
  • Nov 12, 2010 1:38am Nov 12, 2010 1:38am
I have run the phantom six 01 since the beginning of the week
I only run it for 12 hrs a day 8.00 am to 8.00pm an account of 5000 demo now running at 5496 10% profit in 4 days
My only concern is the number of trades that it potentially could open.
I was thinking that once that it opens more than 100 trades ie in my case 0.05 lots =5 lots stop the ea and monitor and close at break even .
  • #137
  • Nov 12, 2010 2:34am Nov 12, 2010 2:34am
Open demo account standard the Euro 3000 leverage 50:1 03/11/2010 10:00 am
MMTU = 0.5
LOTS = 0.1
PP = 0.75

results to date 12/11/2010 10:00 am 3660.07 +22.00%
DD = MAX -465.11
LM = 93.94%
Attached Image (click to enlarge)
Click to Enlarge Name: 6_01a.jpg Size: 43 KB
  • #138
  • Nov 12, 2010 6:17am Nov 12, 2010 6:17am
phantom6_01

34 trades open with 0.1 lot. Margin 156 %. Any time i am expecting stop out. Equity down by 1650 $.
Intraday only.
  • #139
  • Nov 12, 2010 7:41am Nov 12, 2010 7:41am
Quoting navk
Phantom6_01 :
Presently - 650 $ and margin at 250 %. A/c size 5340 $ Lot size 0.1. 27 open trades.

I expect tonight there will be margin call.

Phanto addsix _02a :

A/c size 5073 $. Lot size 0.1 Presently down by 280 $. Margin 685 %. No of open trades : 11.
Phantom_addsix_2a just got closed with 42 $ Profit. Lowest margin was 495 %.

I have now changed the setting as under :

MMTU : 0.75.

Profit : 1.0
Intraday only.
  • #140
  • Nov 12, 2010 7:46am Nov 12, 2010 7:46am
I think a margin call will eventually come with any of these EA's if your're going to trade .1 size lots. I'm trading .06 size lots(AddSix 02a) with $39,500(demo) so I'm going at this much more conservatively than some of you guys. I estimate I could withstand more than 150 trades before MC with 50:1 leverage.
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