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Phantom 6 System

  • #141
  • Nov 12, 2010 8:06am Nov 12, 2010 8:06am
i closed all open orders in phantom6_01 as the margin came down to 139 %.

I am now running phantom06_1a and phantomaddsix_02a
Intraday only.
  • #142
  • Nov 12, 2010 8:30am Nov 12, 2010 8:30am
Quoting Toothman
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 $39,500(demo) so I'm going at this much more conservatively than some of you guys. I estimate I could withstand more than 150 trades before MC with 50:1 leverage.
Of course you can trade 0.1 lots, with 10.000.-$ and 500:1 Leverage. If you get a margin call with this settings you have to forget this EA....
  • #143
  • Nov 12, 2010 8:54am Nov 12, 2010 8:54am
Phantom6_1a:

The profit target has reached but the trades did not close. It reversed.

You guys have same problems?
Intraday only.
  • #144
  • Nov 12, 2010 9:15am Nov 12, 2010 9:15am
Quoting navk
Phantom6_1a:

The profit target has reached but the trades did not close. It reversed.

You guys have same problems?

You have to look at your Equity and Equity Profit Target. Did they have the same value and trades didnīt close ?
  • #145
  • Nov 12, 2010 9:23am Nov 12, 2010 9:23am
Ohh yah, i was running phantom6_01 earlier in this platform, but now i changed to phatom6_01a.

I opened new demo a/c with 5000 $ for phantom6_01a.

However it shows last balance 5347 which was the earlier balance with phantom06_01.That is why id did not close.

It recognises the old a/c balance even after oening new demo a/c with 5000 ?
Intraday only.
  • #146
  • Nov 12, 2010 9:28am Nov 12, 2010 9:28am
Quoting navk
Ohh yah, i was running phantom6_01 earlier in this platform, but now i changed to phatom6_01a.

I opened new demo a/c with 5000 $ for phantom6_01a.

However it shows last balance 5347 which was the earlier balance with phantom06_01.That is why id did not close.

It recognises the old a/c balance even after oening new demo a/c with 5000 ?
Before running any EA, press F3 and make sure you delete all Global Settings. I had the same problem a few weeks ago and I get crazy for hours.....
  • #147
  • Nov 12, 2010 9:33am Nov 12, 2010 9:33am
Quoting Ziogioit
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%
Your lowest margin of 93.4% tells me that you have had a margin call even though you have a profit and the graph looks really good.

That can happen with these EAs if the market is favorable. What happens is when margin goes below 100% the broker's software closes the biggest losing trades until margin is back above 100%. If the market is favorable the remaining trades can come into profit and reach the Equity Profit Target, giving you a profit. It happened on my AddSix_01 demo and apparently it has happened again here.

Maybe there is a lesson to be learned here? Maybe at a given margin level we should have the EA close the biggest loser every hour, as well as adding a biggest winner. Just a thought... maybe worth considering.
Frazer
  • #148
  • Nov 12, 2010 9:38am Nov 12, 2010 9:38am
Quoting Caillou
Before running any EA, press F3 and make sure you delete all Global Settings. I had the same problem a few weeks ago and I get crazy for hours.....
Great, i did that. Now it is perfect. Thanks a lot. I learnt something new today.
Intraday only.
  • #149
  • Nov 12, 2010 9:39am Nov 12, 2010 9:39am
Quoting Caillou
Before running any EA, press F3 and make sure you delete all Global Settings. I had the same problem a few weeks ago and I get crazy for hours.....
It has happened several times and been discussed several times in the Basket14 thread. The problem is that all MC's EAs have the same magic number, so if you have been running another of his EAs on the account and change, you have to do as you instructed or change the magic number of the new EA you are starting.
Frazer
  • #150
  • Nov 12, 2010 9:49am Nov 12, 2010 9:49am
Here is my first spreadsheet report on these EAs.

Ph6_01 managed to close today, but only for about .16% profit even though the PP is .5.

Ph6_01a has not closed and has 50 open trades and margin is down to 265% - too low for my liking.

Ph6_01x has not closed and has only 17 open trades and margin is 775%.
Attached File(s)
File Type: xls IBFX Phant6.xls   60 KB | 299 downloads
Frazer
  • #151
  • Nov 12, 2010 9:50am Nov 12, 2010 9:50am
As I do not have mathematical brain I slowly start to understand this concept and Ive found it briliant. Theoreticaly it should not loose if you let the EA do its work and You have proper setting according your leverage, account size and lot size to be able to handle as much trades as possible. At this stage I think with Phantom01x it takes longer time to achieve Profit Target because of missing Trades. But thats only theory. Forward tests will say..

This week I started PhantomSix01a:
IBFX-MINI 500USD 50:1
Max.Margin:0.5
Profit Percent 0.75
LotSize 0.01 (1pip 1Cent)
4 successful rounds +14.96 USD Profit
3.80USD average profit per round
Max.Floatin Loss 12.68% (2.54%DD)
Lowest Margin 256%
  • #152
  • Nov 12, 2010 10:19am Nov 12, 2010 10:19am
Quoting frazerd
Your lowest margin of 93.4% tells me that you have had a margin call even though you have a profit and the graph looks really good.

That can happen with these EAs if the market is favorable. What happens is when margin goes below 100% the broker's software closes the biggest losing trades until margin is back above 100%. If the market is favorable the remaining trades can come into profit and reach the Equity Profit Target, giving you a profit. It happened on my AddSix_01 demo and apparently it has happened again here.

Maybe there is a lesson...
Another idea is to give a maximum hours of life for each order.
For example, every hour to close all orders older than 8 hours maybe only those in the positive
  • #153
  • Nov 12, 2010 10:58am Nov 12, 2010 10:58am
Quoting carolco
Ive found it briliant. Theoreticaly it should not loose if you let the EA do its work and You have proper setting according your leverage, account size and lot size to be able to handle as much trades as possible.
Yes, it is brilliant thanks to MC and you have mastered the concept perfectly. Theoretiacally these EAs should never close for a loss unless there is a margin call. However, they can occassionally close for a loss. It has happened a few times when the EA has accumulated many trades and during the time it takes to close them all, the market turns against us and by the time all trades close there is a small loss.
Frazer
  • #154
  • Nov 12, 2010 11:11am Nov 12, 2010 11:11am
To those of you running the most recent EA. AddSix-02a. Are you getting a new trade each hour as EA is supposed to add to each winner each hour? On my platform the EA opened an initial trade with GBP/USD on hour 1300(red check mark) but did not add to that position in hour 1400 or 1700. It did this yesterday with other pairs. I've read the whole thread. Am I missing something here?
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  • #155
  • Nov 12, 2010 11:16am Nov 12, 2010 11:16am
02a won't necessarily add a new trade every hour. Please read the thread carefully and you will understand why. Probably any question you have will have been discussed on this thread or the Basket14 thread or in my FAQ. Please don't get upset if we don't answer the same questions that have already been asked and thoroughly answered.
Open to new approaches.
  • #156
  • Nov 12, 2010 4:03pm Nov 12, 2010 4:03pm
addsix_02a is performing consistently, opening between 6 & 8 trades and is up almost 4% since 5/11.

03b is currently running 77 trades and is down 864.00. Max dd -23.3%. free margin is -82.05.

Account balance is 3765 equity 2900.73 Margin 2984.43

It appears that 3b is not as consistent as 2a and would not be advisable to use it in a live account.

I will leave it running and see how long it takes to come back.

regards

Ross
  • #157
  • Nov 12, 2010 5:03pm Nov 12, 2010 5:03pm
I set 2a on a small live account of last weekend so that it started trading with the Asian / Australian session. I have a MMTU 0.3 and a PP of 0.5. Thus far I have been very impressed. (see attached)
I have read the logic arguments for trade entry on both the "x factor" and 2a. I think a good logic argument for entry would be to use both ie. one of the six pairs has to identify itsself as in 2a, but then we have the safety catch of 1x with all trades of the same pair having to be in profit. Well that's my take on the logic. I'm sure some one will point it out if I've not quite hit the button.
As previous the results of just under 7% in one trading week shows these trading systems work. But I thought I'd just add my thoughts.
Attached File(s)
File Type: xls Book1.xls   23 KB | 368 downloads
  • #158
  • Nov 12, 2010 5:06pm Nov 12, 2010 5:06pm
Hi Guys,

I created a thread with my version of this EA... using multiple baskets for different sessions.

It should trade the same if you set up the baskets the same as this EA... but has a bit of extra cleaning to try to escape away from high drawdown (set profit goal to 0 end of each session) aswell as clearing phantom trades before and after each session (Asian and London).

My thread is here for those who are interested:
http://www.forexfactory.com/showthread.php?t=265474

I used 3b as the base.
Thanks,
Jag
  • #159
  • Nov 12, 2010 6:59pm Nov 12, 2010 6:59pm
Quoting pipssqueak
I set 2a on a small live account of last weekend so that it started trading with the Asian / Australian session. I have a MMTU 0.3 and a PP of 0.5. Thus far I have been very impressed. (see attached)
I have read the logic arguments for trade entry on both the "x factor" and 2a. I think a good logic argument for entry would be to use both ie. one of the six pairs has to identify itsself as in 2a, but then we have the safety catch of 1x with all trades of the same pair having to be in profit. Well that's my take on the logic. I'm sure some one will...
pipssqueak, you are perfectly correct in your understanding. my favorite is also 2ax. less trades, sure winners
  • #160
  • Nov 12, 2010 8:06pm Nov 12, 2010 8:06pm
Fundamentally, this agrees that cut a loss quick and short, and let the profit run. and it is also the fundamental idea of this EA. I think that your suggestion is very very worth a try.

Quoting frazerd
Maybe there is a lesson to be learned here? Maybe at a given margin level we should have the EA close the biggest loser every hour, as well as adding a biggest winner. Just a thought... maybe worth considering.
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