Art Phantom EA

Hi The-Game,

Is it possible to code this: when we are at the end time (i.e. 19h00) and a basket is open yet, then to close the basket when it is in profit, not P.P. % profit but wathever profit ?

Thanks again

Another Closure: +10,22%, Daily: +5,11%, max DD: -5,21%

http://www.myfxbook.com/members/Serg...tom-full/65746

I have nothing to report about any closures today :

Phantom3_suv :

Last balance 5845 $. floating equity 205 $, max DD 6.45 %, lowest marging 458 % on 200:1 Leverage., open orders 17.

artphantom light _killer looser : No closures since europeon session open. DD -1.46 %, open orders 3.

art phantom_full timings_cutlosers : No closures since europeon open. Max DD - 8.8 %, Lowest margin 723 % on 500:1 leverage a/c. open orders : 16.

Hi Navk,

Your Art_Phantom_Full Timings_cutloosers with DD -8.8% is a version running since today London Open ? What are your settings ?

Do I have to copy only this or other peaces also?
+------------------------------------------------------------------+
//| charvo add: Check if all trades in SIGNIFICANT profit. |
//+------------------------------------------------------------------+
bool AllSymbolTradesInProfit(string theSymbol)
{
for (j = 0; j < OrdersTotal(); j++)
{
OrderSelect(j,SELECT_BY_POS,MODE_TRADES);
if (OrderMagicNumber() == MagicNumber &&
OrderSymbol() == theSymbol)
{
if (OrderType() == OP_BUY && (MarketInfo(OrderSymbol(),MODE_BID)-OrderOpenPrice())<PipStep*MarketInfo(OrderSymbol(),MODE_POINT)) return(false);
if (OrderType() == OP_SELL && (OrderOpenPrice()-MarketInfo(OrderSymbol(),MODE_ASK))<PipStep*MarketInfo(OrderSymbol(),MODE_POINT)) return(false);
}
}
return(true);

found this also:
/@@@@@@@@@ charvo added @@@@@@@@@@@
extern int PipStep = 20;
//@@@@@@@@@ charvo added @@@@@@@@@@@

If we consider that the max DD can be minimised by running a larger contract size (bigger risk) then can we use this to our advantage (of course we know it will mean a much bigger DD at some point in time when the 'Fast Reversal' pattern occurs...but put this aside for the moment).

Lets consider the system as a thought experiment. We know that the target in terms of net pips in the positive direction is smaller, the bigger our trade size.

So if we have $1000 account and a $1 per pip contract and we have a 0.5% target (pp) then it will take 50 pips net of the hedging effect to hit this target. So $2 per pip (calculated in the EA by MMTU and broker leverage) would mean we need only get 25 'net' pips to achieve the target.

Imagine then if we had a target of only, say 10 pips, to get to our 0.5% target. It would do this much quicker than any of our current setups, but would run the risk of a BIG DD at some point. However based on the analysis we have done to date the DD under most circumstances is smaller with the bigger contract size RELATIVE to the profit achieved (Caillou's profit was about 9% versus mine of 2.5% for a similar period and he is running 6.6 times the risk, yet his DD was ~5% versus my ~2%). Simply because the EA can get to its pp target much quicker and not allow itself to get bogged down with many hedging trades. This has shown to be the case even in sideways markets.

Now margin will not be an issue since the number of open trades will not be high. One, because the pp will get hit quickly in most cases, and two, because we can look to limit the risk by trading only in higher volatility periods.

How do we establish a higher volatility period. My approach: take your Euro/USD 1 hour chart and add an ATR(6) to it. Then take an SMA(20) and run it on the ATR indicator. You can clearly see periods of higher volatility each day as you come into the London session (ATR crosses up over the SMA). There is the odd day where this indicater does not show a big move after the ATR(6) crosses above the SMA - but it usually catches the big moves (the indicator just does not try to predict a direction - hence it is usful. The EA figures out the direction).

Further filter - we want to only run a large contract setup for our EA if the ATR(6) is greater than, say, 20 pips (twice our example target).

It is not perfect but we now have a strong chance of running a bigger contract size in more active market (pseudo volatility), and achieving our target of only 10 pips to reach our 0.5% pp within an hour or two. This means we could run it several times during the active period and ensure we are closed down well before the Asian session begins (in most cases I would suspect we can achieve this).

Now to further limit the DD I would only allow a max DD of say 10% of equity (this need to be assessed futher) if it goes further then either kill off the biggest loosers or kill off the trade sequence completely.

This would be an interesting version to test. Just need the two ATR filters as above coded into it for testing.

Food for thought....

Tim

To achieve that I think the best solution would be to make 2 PP; 1 for trading hours, 1 for non-trading hours ,then you can put the PP for non trading hours at 0.01.

P.S. If we can also code a separate pipstep for non trading hours-as long as it is not closed to only open new pos if it is 20 pip positif-, could be ideal

Your creative dynamic continues to astonish me Tim

Pete

Thanks Pete - just trying to keep the ball rolling along a constructive path.

Off to bed now catch you tomorrow.....

Tim

Cailliou:

I have posted the chart.
My settings : MMTU 0.4, PROFIT 1.0

I do not know what is the criteria for cutting losses by EA ? 12 Loss trades, 4 profit trades in total 16.

Hi Navk,

My question is: since when do you have this -8.80% DD, since today London Open ?

my art_full is running since last 24 hrs and yet to close. right now i have 13 trades.

Yah, london open, it started trading. At one point of time, the max DD was - 8.8 %, right now the DD is - 4.6 % with 18 open trades.

You can see the screen shot showing max DD OF 8.8 % which i posted earlier.

Cailliou :

see the screetshot attached.

I have some doubts about the benefit in cutting biggest looser. If we decide to close the trade of the biggest looser pair is because we think that doing that we are helping the EA to reach the profit quicker, so because we think that the biggest looser will continue to loose.
This is the same as thinking that it is better to trade the biggest winner pair because this pair will continue to win. But why it is more probable that and not the opposite ? Maybe it is not strong enough to follow this movement.
If a pair has already lost i.e. 3 times the target, 300 pips, what is more possible to happen ? To continue to loose or to recover ? Nobody knows.
Whith another EA version from 6 pairs thread it recover a -15 % DD in 30 min......
I think the option of cut loosers is just a matter of psychological security. Of course we have to minimize the DD but I think that cutting the biggest looser is not the solution. Maybe I´m wrong, don´t know.
For now, I prefer focuse my attention to limit trading hours to control this DD.
It could be very interesting if someone knows how to extract DD information from MT4 to Excel in order to have some charts like DD X time, to calculate max, min, averages......

Thank you Navk

hello ,sorry for my english-
is it possible to program the ea -
if a position is 50 to 100 pip loss in short, we take on -
then the long position is opened, a trend-position?

illustration.

eurjpy open short position 50 pip go long- trend is long-
ea open eurjpy long position - trend increase

i hope you can understand me?
best regards
vienna

Cailiou:

My observations:

All the EA s which you created are fine, sometimes the DD is more but still it recovers from that position and close in profit. If an emergency situation occurs, let us say when the margin reaches less than 300 percent or DD is more than the acceptable limits, all open trades or loosing trades shall be closed. This should be left to indivedual's choice. The principle of all these EA s you created are "never loose" so it should be allowed to run.

Another idea would be to close the EA after 2pm EST and switch it on around 1 AM EST when london opens. If there are open trades during this time, it can allowed to run but should not add more trades during this time.

I agree with you, we don't know which direction it is going,
we should concentrate on trading hours and pipstep.