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Art Phantom EA

  • #461
  • Nov 25, 2010 6:26pm Nov 25, 2010 6:26pm
Hi Sidhujag,

So according to your opinion, do you think this Art phantom full is better off in terms of long term baskettrading? I am asking this because I would like some expert advice before I do the real money test for months.


Thanks a lot

LP
  • #462
  • Nov 25, 2010 6:33pm Nov 25, 2010 6:33pm
Quoting sidhujag
By the time SMA crosses the ATR the best setup has already passed in alot of cases.
Not if the EA is already active and moves into a net direction. In other words you are already into a profitable move then use some sort of filter (I gave you a simple SMA as an example) to kick in and maintain the trend and not to close out until the price action reverses back over the SMA. The EA could continue to add buy side positions as normal and the profits could be huge with a decent run. Good R:R to me.

As the trend dies then the EA closes out for its profit. The idea here is that the price action goes into a profit first before the trend filter holds the trades open. If there is not trend and the price moves back and forth in a negative position then when the volatilty indicator shows a decline below its average maybe the EA can kill off the trade for a small (partially hedged) loss.

All ideas we can apply to our tool.

Agree with your other comments. I have no issue with what you are saying.

Tim
  • #463
  • Nov 25, 2010 6:47pm Nov 25, 2010 6:47pm
Quoting timmy
I looked at your thread and never posted because you spent a lot of time speculating about "when the big boys come into the market", and what the market does, and how you have set your EA to work with this etc, etc....
I don't speculate "when the big boys come in to the market" I follow fundamental principles from what I learned reading about how to be successful. The knowledge passed down from someone who makes money to those who want to make money.

There has to be a time to enter the market... either through your SMA/ATR cross or knowing that market is open or closed.. that's all I'm saying... instead of entering blindly you can follow some kind of rule that will give you a better chance of closing quicker.

My scalper didn't take any fundamentals into perspective that's why it failed.

Some mathematicians say the market is noise and all random.. but tell that to the larger traders who make millions based on the same signal and can predict price of the next swing to the few pips.

By being net hedged synthetically you are essentially just paying spread except those times when the arber's aren't at work (usually never) and you get a few pips your way before they do get arb'ed. Like I said you are averaging your position but your cost will be the same in the end. Lets see the demo... lets see what the DD is like. I'm still analyzing my own baskets... all I did was set the phantoms to open at london open... look at the code its almost the same but a little cleaner to avoid you having to refresh the globals every day.
  • #464
  • Nov 25, 2010 6:49pm Nov 25, 2010 6:49pm
Quoting timmy
Not if the EA is already active and moves into a net direction....
Well lets see... I think we can agree that we are all still in learning mode. Knowledge is power.
  • #465
  • Nov 25, 2010 7:02pm Nov 25, 2010 7:02pm
Quoting sidhujag
I don't speculate "when the big boys come in to the market" I follow fundamental principles from what I learned reading about how to be successful. The knowledge passed down from someone who makes money to those who want to make money.

There has to be a time to enter the market... either through your SMA/ATR cross or knowing that market is open or closed.. that's all I'm saying... instead of entering blindly you can follow some kind of rule that will give you a better chance of closing quicker.

My scalper didn't take any fundamentals into...
Yes I liked your coding - you changed the globals to arrays as I recall. Much better coding as I understand it (I am no coder).

I agree about the synthetic hedge - it it just paying more spread and in itself holds no advantage. But from a phycological perspective it can help - many traders perfer having this mechanism to usurp there responsibilty to picking a direction - especially in choppy markets.

Tim
  • #466
  • Nov 25, 2010 7:03pm Nov 25, 2010 7:03pm
Quoting sidhujag
Well lets see... I think we can agree that we are all still in learning mode. Knowledge is power.
  • #467
  • Nov 25, 2010 7:12pm Nov 25, 2010 7:12pm
Quoting timmy
Yes I liked your coding - you changed the globals to arrays as I recall. Much better coding as I understand it (I am no coder).

I agree about the synthetic hedge - it it just paying more spread and in itself holds no advantage. But from a phycological perspective it can help - many traders perfer having this mechanism to usurp there responsibilty to picking a direction - especially in choppy markets.

Tim
THanks,

I also added a BE after H1 ADR (200) pips to avoid winners turning into losers. In any next version I'll probably make it so it won't add trades unless your previous one is already BE. This will make sure that you aren't adding risk to your basket but your offloading the same initial risk to a different entry point hoping for a little more movement to get your PP. Again can't test to see if this is a good thing or not.
  • #468
  • Nov 25, 2010 7:14pm Nov 25, 2010 7:14pm
Quoting Low Profile
Hi Sidhujag,

So according to your opinion, do you think this Art phantom full is better off in terms of long term baskettrading? I am asking this because I would like some expert advice before I do the real money test for months.


Thanks a lot

LP
I wouldn't trade live until atleast 6 month testing is done.
  • #469
  • Nov 25, 2010 7:22pm Nov 25, 2010 7:22pm
Quoting Low Profile
Hi Sidhujag,

So according to your opinion, do you think this Art phantom full is better off in terms of long term baskettrading? I am asking this because I would like some expert advice before I do the real money test for months.


Thanks a lot

LP
I'm not Jag but will offer my opinion anyway. I don't know how some people seemed to achieve such spectacular results with A P F. It simply didn't work that way for me and I won't be running it on a live account. That might be "much to my dismay" but from my own results, I don't think so.
  • #470
  • Nov 25, 2010 7:29pm Nov 25, 2010 7:29pm
Quoting sidhujag
THanks,

I also added a BE after H1 ADR (200) pips to avoid winners turning into losers. In any next version I'll probably make it so it won't add trades unless your previous one is already BE. This will make sure that you aren't adding risk to your basket but your offloading the same initial risk to a different entry point hoping for a little more movement to get your PP. Again can't test to see if this is a good thing or not.
I will read your thread.

I beleive that three pairs will be better than six - time will tell. Can you code your version for just the three pairs e/u, u/j, e/j?

On this idea of adding trades once other trades are at BE - you may find you water down the functionality of the EA so far that you will get it spending much more time in limbo since its opportunity to consolidate trades in one direction (and so take a profit) becomes too limited...???


I understand what you are trying to achieve.

A possible way to 'speed up' the trading process to test the mods might be to run a version that opens trades every 5 minutes and make the pp a lot smaller, or the risk a lot bigger, to see how your mods effect the process in a shorter time span. The EA should show up its faults pretty quickly under these condition...

Tim
  • #471
  • Nov 25, 2010 7:32pm Nov 25, 2010 7:32pm
Quoting mallim
Hi all

Attached is my screen.

At least, the EA is not running during Asian time.

From what I gather from the source code, the EA is actually using the time equivalent to the Broker Time.

Stay Tune
Ian
Version = Art_Phantom_Full-Timings_&_Cut_Loses
MMTU = 1
PPCT = 1
MFDD = -1.65%
Total Trades = 16
Duration = 10 hrs

The EA still continues although it is outside the specified trading hour as there are open trades.

Happy Thanksgiving
  • #472
  • Nov 25, 2010 7:46pm Nov 25, 2010 7:46pm
Quoting mallim

Happy Thanksgiving
Same to all. It's time to party !!

peace/out
TR
  • #473
  • Nov 25, 2010 7:49pm Nov 25, 2010 7:49pm
Quoting TradeRunner
I'm not Jag but will offer my opinion anyway. I don't know how some people seemed to achieve such spectacular results with A P F. It simply didn't work that way for me and I won't be running it on a live account. That might be "much to my dismay" but from my own results, I don't think so.
that's weir, i started at approx same time as others, and i compare my result with theirs, quite the same, which broker u use may I ask?

Thanks

btw, happy thanks giving to u, i'm not happy cuz i'm canadian, today is working day. lol

LP
  • #474
  • Nov 25, 2010 7:50pm Nov 25, 2010 7:50pm
Quoting mallim
Version = Art_Phantom_Full-Timings_&_Cut_Loses
MMTU = 1
PPCT = 1
MFDD = -1.65%
Total Trades = 16
Duration = 10 hrs

The EA still continues although it is outside the specified trading hour as there are open trades.

Happy Thanksgiving
Hello there, I believe it's right to continue open new positions because it will finish off what's left in the basket, once the current basket got close within this asian period, there will be no new basket(sequence) open, i believe that's how it works.

good trading!

LP
  • #475
  • Nov 25, 2010 8:10pm Nov 25, 2010 8:10pm
Quoting navk
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.
Finally the basket got closed, 18 open trades, the max DD was -6.51 % and lowest margin was 420 % on a 200:1 leverage account.

Present equity 5913 $.
Intraday only.
  • #476
  • Nov 25, 2010 9:21pm Nov 25, 2010 9:21pm
markets are not moving due to thanks giving holidays. so stay away from these EAs for rest of week.

jmho
  • #477
  • Nov 25, 2010 9:45pm Nov 25, 2010 9:45pm
yes, i switched off this EA i will swith on again on sunday open.
Intraday only.
  • #478
  • Nov 25, 2010 9:55pm Nov 25, 2010 9:55pm
Quoting Low Profile
that's weir, i started at approx same time as others, and i compare my result with theirs, quite the same, which broker u use may I ask?

Thanks

btw, happy thanks giving to u, i'm not happy cuz i'm canadian, today is working day. lol

LP
Hello LP
I just thought I'd drop back by. I've been testing, running and cursing at EA's for the past four years or so. That may make me a relative newcomer to EA usage but I've “dabbled” in stocks trading since some 20 years ago and I'm currently a full time trader (of various and sundry instruments).
Currently, I'm testing EA's on 1pipfx (same as InvestTechFX), IBFX, ACM, and VantageFX. Also forex.com which has improved significantly after the large fine (but that's another story). After you've done this for a while, you get a “feel” for what might work and what might not. Sometimes I'm a bit hasty in my decision but “time is money” and I prefer to get on with it.
My idea #1 is to test an EA on the worst account, this presently being ACM. If it can survive the worst account then it stands a chance on a better account. I tested A P F and it did great the first trade sequence. It did survive the next but only closed after nearly 3 days and the margin level reached 180%. This was under basically “normal” trading conditions. For me, this is unacceptable.
Mostly, I just think that the 1 hour trade frequency is to “frequent”. If I cannot prove that then it is not so. Therefore, I've been making adjustments to the 4D version and the results are promising. I've had 3 accounts close with 1 to 3 trades and very TINY draw down (sometimes in just over an hour) and I'll post more about that eventually if things go well. I don't care about the Holidays because this version takes few trades (so far) and it will continue to run until I prove to myself that it doesn't work.
So far.... it just might.
  • #479
  • Edited 10:50pm Nov 25, 2010 10:22pm | Edited 10:50pm
Hello all,

My experience with APF on a small live account this week has been good. Certainly not proof of long term success, but one must start somewhere.

There seems to be much debate about adding this mod or that mod to improve this method to a point where lots of stuff gets constantly tested but nothing gets tested or traded long enough to see if it will succeed.

The whole idea of hedging is not to use indicators to try and find the direction of the market but to enter positions that will exploit the synchronization or non-synchronization of the basket currencies.

All versions do this but the downfall is large DD due to adding to positions. APF does not appear to suffer the large DD (MY max is -4.85%, currently -2%) . My APF has for the first time hit margin of <500% (that's my lower limit that I prefer). My solution was to pick a currency (in this case EUR/USD) that was, for example losing $1.50 and one that was in profit for $1.50 and close them both.
The result was no change in account balance or equity but margin back to acceptable level.
At the moment the market cannot find its rhythm, so all we can do is manage the margin until it does.

In my opinion, not trading in certain periods is not the answer because then you are saying that forever and a day the market is no good during the Asian but good in the rest. The market sways as do various sessions, Asian may not be good this day, week or month but it could be the Euro or US session that does it next. I believe we should let the EA monitor all markets 24/5 and make its decisions accordingly.

When the market, like today is indecisive, I have closed some positions with no other net effect other than to restore margin. I am back to where I was yesterday waiting for the market to decide.

If, in the end I have too close all positions for a 1% loss against my gain this week of around 7% and wait for the market to sort itself, then so be it.

There is no holy grail so lets not try and find it. I am going to continue testing APF on a small live account, if it loses in the end, well that is the cost of doing business.

This EA is the best so far that I have seen because it does not try and determine what the market is doing, it lets the market decide and then jumps on for the ride.

That's my view, comments welcome.

Regards.
  • #480
  • Nov 25, 2010 10:26pm Nov 25, 2010 10:26pm
Hi TradeRunner,
Can you reiterate what "4D" verison is? Is it the 4 trades per day version?

If so what other filters are you running with it?

Tim
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