Phantom 6 System

I agree, ea doesn't work well after / around year end....but it will happen during the year also so we will see how it manages.

Here is one that has continued to take profit daily in spite of the holiday season.
Lowest margin since the restart 11/29 is 430.18.

Hi, Been awhile since I have posted, just wanted to update my phantom 6_01x. 2 demos settings/ results follow. Both started at same time Nov 29 so running 1 full month.

Demo 1

Settings- mmtu 0.5, profit pct 0.25, lev 100:1, cut loser mult. 1.8.Start balance 3000.00, current 3384.99 (+ $384.99) + 12.83%.

Max drawdown 10.94%

total trades 347- winners 222 (63.98%), losers 125 (36.02%)
49 losers (39.2%) were made by cut loser multiplier.

Demo 2

settings- mmtu 0.5, profit pct 0.25, lev 50:1, cut loser mult. 1.0, Start balance 3000.00, current 3258.42 (+ $ 258.42) + 8.61%.

Max drawdown 5.65%

total trades 364- winners 220 (60.44%), losers 144 (39.56%)
81 losers (56.25%) were made by cut loser multiplier.

Note: I trade different pairs than the original 6. I dont use any CHF or JPY
pairs( buys- GBPUSD,EURCAD,EURGBP/ sells- EURUSD,EURAUD,AUDCAD).

Some random observations, Demo 1 very good profit percent but draw down was a bit too high for me, demo 2 little less but 8 % for month still good and half the drawdown. Demo 1 trades .02 lots and demo 2 trades .01 (leverage difference)lots so Really the drawdown was close to equal. demo 1 just more aggresive.

There were 2 occasions during month when both demos took many consecutive cut losers without a basket close, think it was something around 16-20. Never went more than 4 trading day before a basket closure. I was a bit concerned at first but realized this dose keep down the number of trades and keeps the EA from getting bogged down.

You see my profit % is set fairly low at .25%, I prefer to get in and out of a basket quickly. Since testing many of these EA's since september, I feel more comfortable with this setting. Have had many days with multiple basket closures, think I remember most was 5 but there were also many 2 and 3 closure days. Also I DONT use pip step or trading hours mod at all.

This thread has gotten quiet, Im wondering if people are not getting good results? Did everyone switch over to the art phantom thread? By the way I like the 6 pair phantom better. Have gotten better results than any of the 3 pair phantoms

Both demo have been running thru holidays and closures have slowed down but drawdown is ok. But no I would not trade this during this 2 week period.

would like to hear anyones thought/observations on demo results.

EDIT: forgot to mention lowest margin percent..Demo 1- 504.23%, Demo 2 -415.21%.

Frazerd,

Is your IBFX demo a micro acct( .01 lots = 1 cent per pip)? If so do they offer that live? That would give me more flexability if I were to try Trading a Phantom EA live.

yes, ibfx still has nano accounts (1c per pip)

Had my first closure with this EA. Only 19 trades with worst DD seen around .75%. The PP function didn't work however. I remember reading other comments on trades not being closed at the PP setting. Was a remedy ever found for this? I had PP set to 1% and when I checked my charts this morning, my balance was up 1.5% with no closure. So I closed manually. Anyone else having this problem? thanks

Hello.
we are certain to come to the queue, so why not make a test version Addsix_03bx_cl_th_ps.

eg Frazerd or another made a list of nicknames here, and each of the parameters a pseudo'll test this we will save much time and do more testing, let us turn our computer a week to see what happens.
it'd be much more productive than making a few random tests and each of its side and everyone will benefit.

Once this series of tests done, we'll do the same but the pairs trader is because I'm not sure the pairs chosen are the best for this kind of system (well in my opinion) :-)

No problem with closures for me, though I've only been running since 24th and only 1 basket closure. Nice profit of 1% and margin requirement no lower than around 700%.
I'm currently testing this one, 6_01a and Jag_V2a, tho the latter is very slow and cautious.
As I've mentioned in another thread, what's really needed is some backtesting (on another platform) to see the longterm probablility of a blowout. This is needed to see if its possible to have settings which create a positive expectation.

PS With all this testing going on, perhaps someone should start to collate the numbers in so far as tallying how many baskets have been closed (with what P/L) and how many have blown up. I'd say we've already had a few hundred closures.

Not sure how closely everyone is watching their phantom ea's, but last night was the second time on two different demo's that I noticed the basket of trades were not closing as they should. My floating profit was well over 1% (was at right around 2%) but ea was making no attempts at all to close the trades. Granted I've been running this thing a month now and its the first time it's happened, but still. Another demo had it happen after a week.
Twice in two days on two different demos tells me there is a relability issue in the addsix version of the ea at least. Could be a big reason everyone seems to be having trouble with them, dunno.

Yes, it is a true mini account - 1 pip = 1cent. And they do offer it live as well. 50:1 max leverage.

Reading this post and one above by Toothman, I'm not sure if you guys understand PP. It is a % of Last Flat Equity. It has nothing to do with floating profit. I explained this just a few posts back.

Both Equity Profit Target and Dollar Profit Target are shown in the screen comments. When Equity reaches Equity Profit Target that should trigger a closure.

In these EAs where it closes losers, the floating PL is very misleading. The EA will only close when it reaches PP above Last Flat Equity. In other words, it will never close at a loss from last flat equity. It only closes for a profit, regardless of how many losers have been closed.

I am very familiar with the workings of this ea, as you should know.

I didn't list the specifics as I figured I didn't need to prove my knowledge

pp is 1%. at the time my last flat balance and equity (which is show on myfxbook link I have posted a bunch of times) were 1233.
equity profit target was 1245, floating profit was $30 or so, which brought the floating equity to 1275, and the ea was doing nothing to close the trades.
I manually closed them and reset the global variables.

I've played with these ea's almost as long as you have, so there is an issue somewhere with these, whether the issue is found or not who knows.
But if people aren't watching these somewhat closely, you'll never know whether it should have closed and didn't, which may be why some people are getting huge drawdowns and no closures.

Yes, I know you are familiar with the EAs, but the manner in which you stated the problem sounded as though you did not understand. Sorry.

I have not seen the problem on my demos, but you would have to be watching it all the time to pick up on that. If it always closes for (+/-) PP you just assume it is working properly.

Frazer,
I also have a good understanding of the EA and the PP setting. I wasn't very clear in my last post. The basket I closed manually this am. had no trades closed during it's cycle. I had the PP set at 1% and 1% of my last flat equity would have been $414 ( this $ amount was shown in my screen comments) which is where it should have closed the basket. The basket was up almost $650 when I saw it this morning so as tazzy said, these Ea's have an issue when it comes to closure. Other than that I'm hooked on them. So for the time being ,until someone can figure out where the glitch is I'm using a separate EA to close my baskets. As long as I don't get a trade closed in the cycle I'll be ok using this one http://cdn.forexfactory.com/images/attach/mq4.gif CloseTrades_After_Account_Profit_Reached.mq4

I have a few ea's i can use to globally close all trades on 1% profit also, but my concern with doing this was:
if you closeall with another ea, the global variables on the phantom ea might not get reset. So last flat equity will be wrong, which throws off the whole thing for next time. Worst case scenario, I have a few that will txt msg me if they do a closeall, so then I'll just have to remember to go in and clear the gv's myself like I did today.

Taz,
The one I posted above lets the phantoms reset. If you use it , make sure though. And of course it gets things screwed up if you're using one of the Ea's that closes the big loser trades. If you get one of the big losers closed, you have to increase the profit $ target to compensate. The problem with that is it might happen in the middle of the night and you're not there to see it. I'd rather use the PP closure incorporated into these EA's if someone can find the bug.

Hello.
I am in demo version 0.3bx_cl_th_ps and this morning he cut a losing trade (GBPCHF sell) how to resolve this EA for the SL?
thank you

The version you are using is supposed to cut losing trades
It is working exactly as intended
If you do not want to have losing trades cut use a version that is coded not to do this

Read the thread
Then read it again !

ok thank you JCS .
but how SL is calculated in this version?
cordially

I am not a coder, but I do not think there is a conventional 'stoploss' as such
The losing trade is cut when a ( EDIT ... negative ) $ amount relative to the profit target x the multiplier that you set in the parameters is reached ( CutLoserMultiplier ... default is set to 1.5 I think )