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Art Phantom EA

  • #401
  • Nov 25, 2010 9:47am Nov 25, 2010 9:47am
Cutting the loosers would not be a good idea for these EA'S as these EA are created with synthetic hedge principle, if the EA cut loosers and PA reverses, the account might get stopped out quickly.
Intraday only.
  • #402
  • Nov 25, 2010 9:47am Nov 25, 2010 9:47am
Happy Thanksgiving to all our American friends.

Enjoy....
  • #403
  • Nov 25, 2010 9:51am Nov 25, 2010 9:51am
Quoting navk
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...
you cannot leave it open and not let it ad at all, you never know what can happen, but you can code a min.profit, for ex. it only ads if positions are 20 pips in profit
  • #404
  • Nov 25, 2010 9:52am Nov 25, 2010 9:52am
DD is a function of lot size. make sure you trade appropriate lot size. check yr MMTU.

if you have 100 open trades, then the DD shouldnt exceed 10%. thats the thumb rule
  • #405
  • Nov 25, 2010 9:59am Nov 25, 2010 9:59am
Quoting vanupips
you cannot leave it open and not let it ad at all, you never know what can happen, but you can code a min.profit, for ex. it only ads if positions are 20 pips in profit
As long as the open trades after 2 PM EST upto 1 AM EST are hedged synthetically you have no issues. Adding to winning trades can happen after london opens.
Intraday only.
  • #406
  • Nov 25, 2010 10:04am Nov 25, 2010 10:04am
Quoting navk
As long as the open trades after 2 PM EST upto 1 AM EST are hedged synthetically you have no issues. Adding to winning trades can happen after london opens.
you are not really hedged, a trade was opened because phantom was positive, now market can turn around, if you don't allow new trading, you will not be hedged and can loose account
  • #407
  • Nov 25, 2010 10:08am Nov 25, 2010 10:08am
Cailliou:

Pl note ; Phantom3_suv is adding to loosing trades, euro/jpy is winning, euro/usd is loosing but it is adding on euro/usd.

screen shot attached.
Attached Image (click to enlarge)
Click to Enlarge Name: suv chart.jpg Size: 255 KB
Intraday only.
  • #408
  • Nov 25, 2010 10:13am Nov 25, 2010 10:13am
Quoting navk
Cailliou:

Pl note ; Phantom3_suv is adding to loosing trades, euro/jpy is winning, euro/usd is loosing but it is adding on euro/usd.

screen shot attached.
Are you sure that it has added a new trade and all previous trades were not in profit at this moment ?
  • #409
  • Nov 25, 2010 10:24am Nov 25, 2010 10:24am
Quoting pipchaser888
Hi Caillou & JulesvH,

I tried it on another broker, and it is working.

Wonder what's wrong with FXDD demo. Anybody has it working with FXDD demo?

Thanks.
Mine won't take a trade on FXDD either. Guess I'll try Alpari.

!Trader2
  • #410
  • Nov 25, 2010 10:30am Nov 25, 2010 10:30am
Quoting Caillou
Are you sure that it has added a new trade and all previous trades were not in profit at this moment ?
Yes, Euro/usd was winning on trades opened on 23 rd. euro/usd trades opened on 24 th, all are loosers, but it is adding to loosers. Something to be looked at.

You can see the screen shot which i post it again.

The ones i attached now will show you all trades datewise.
Attached Image (click to enlarge)
Click to Enlarge Name: suv chart.jpg Size: 245 KB
Intraday only.
  • #411
  • Nov 25, 2010 10:34am Nov 25, 2010 10:34am
Callou: All EA's you created are fine. Some finetuning you do, it work excellent i am sure. All these days i have been seeing wiining baskets, just past two days, i see the trades are not getting closed.

My suggestions:

1) EA s should not open trades after 2pm est up to 1 am est.
2) Open trades after 2 pm est can be allowed but an emergecy stop loss should be in place.
3)Winning pair in the earlier hour should be added as new trade. The screen shot which i posted shows euro/usd was looser today but adding on to trades.
Intraday only.
  • #412
  • Nov 25, 2010 10:34am Nov 25, 2010 10:34am
Quoting 1trader2
Mine won't take a trade on FXDD either. Guess I'll try Alpari.

!Trader2
Yes, fxdd demo was not taking phantom EA s, i dont know why.
Intraday only.
  • #413
  • Nov 25, 2010 10:34am Nov 25, 2010 10:34am
Quoting navk
Yes, Euro/usd was winning on trades opened on 23 rd. euro/usd trades opened on 24 th, all are loosers, but it is adding to loosers. Something to be looked at.

You can see the screen shot which i post it again.

The ones i attached now will show you all trades datewise.
I have never seen anything like that. The code is the original, isnīt it ?
  • #414
  • Nov 25, 2010 10:43am Nov 25, 2010 10:43am
The EA for which the screen shot posted is phantom3_suv. I hope it is same as "art phantom light".
Intraday only.
  • #415
  • Nov 25, 2010 10:54am Nov 25, 2010 10:54am
Pip step is a good idea. But dont you think that 20 is too much? From statistic of my account, 9 is alot more reasonable.

any inputs?



best regards.

LP
  • #416
  • Nov 25, 2010 10:54am Nov 25, 2010 10:54am
Quoting navk
The EA for which the screen shot posted is phantom3_suv. I hope it is same as "art phantom light".
Yes it is the same. I have only changed the name, really strange
  • #417
  • Nov 25, 2010 11:00am Nov 25, 2010 11:00am
Quoting Caillou
Yes it is the same. I have only changed the name, really strange
If the winning trades are added to basket, the basket would have got closed. Pl check the coding so that :

1) Winnig trade in the past hour should be added to basket of trades.
2) Time frame setting for traders to choose EA "switch off time "
3) Emergency stop loss in case if trades go in opposit direction during EA "no trade " time.

Thanks.
Intraday only.
  • #418
  • Nov 25, 2010 11:04am Nov 25, 2010 11:04am
Quoting Low Profile
Pip step is a good idea. But dont you think that 20 is too much? From statistic of my account, 9 is alot more reasonable.

any inputs?



best regards.

LP
you are right, I suggest 6 durimg london & NY session, and 20 for trades that are still open in Asian session
  • #419
  • Nov 25, 2010 11:14am Nov 25, 2010 11:14am
Quoting vanupips
you are right, I suggest 6 durimg london & NY session, and 20 for trades that are still open in Asian session
The EA is opening trade every hour.

If the open and close price of the hourly candle ( or high and low for that hourly candle ) is more than 10 or so, it can open another trade in that direction of the trend since daily trend will prevail throughout the day.
Intraday only.
  • #420
  • Nov 25, 2010 11:14am Nov 25, 2010 11:14am
Quoting vanupips
you are right, I suggest 6 durimg london & NY session, and 20 for trades that are still open in Asian session
but another concern we have is that recovery from loss will be a lot quicker with more positions on hand.

gona do some research on that.

will report back

best regards.

LP
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