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Phantom 6 System

  • #501
  • Jan 4, 2011 8:21pm Jan 4, 2011 8:21pm
Quoting charvo
quiet or not, this is almost a "holy grail" system in my mind.

Thank you again, MC!

The only thing the EA needs might be some functional improvement.
I agree..
"Put all your efforts in becoming effortless"
  • #502
  • Jan 5, 2011 3:24am Jan 5, 2011 3:24am
Hey tazmaan How is your +602a testing going ?
  • #503
  • Jan 5, 2011 8:57am Jan 5, 2011 8:57am
After the issue with noticing it was not closing the trades at my pp, it was downhill from there. DD climbed up over 20% at the start of this week, so I have ceased testing. Might revisit again someday, but after testing about 10 diff versions have decided to pursue other methods. If I was interested in 5% profit per month, might be a different story.
Hope to continue to see good results from the thread however.
  • #504
  • Jan 5, 2011 1:33pm Jan 5, 2011 1:33pm
Quoting charvo
quiet or not, this is already a "holy grail" system in my mind.
Shhh, you'll upset some people as they're brainwashed to believe there can never be such a thing.
Open to new approaches.
  • #505
  • Jan 5, 2011 4:16pm Jan 5, 2011 4:16pm
I guess, i would be fine with 5% if guaranteed...but ....nothing is ever guaranteed. Its a martingale to a certain extent-- no holy grail and the time you get and where the market is at determines what kind of ride...As everyone has traded awhile know's thair aint much of an edge on direction ...it looks easier on the screen than putting the big coin out there....over 20 open trades but have a lot of margin so it may or may not come back....I kind of know how it operates but still, it would be nice to know how far I will end up down the rabbit whole.
  • #506
  • Jan 5, 2011 9:29pm Jan 5, 2011 9:29pm
Hi, man, pity that you quit it.

i'm still confident in it.

look, this EA, like any EA in the world, is not 24x5 autorun.

when DD is 20%, do you have all positions in "-"?
if no, close some hedged positions that are in "+", or close some losing positions. you have a way to survive.

there must be a day that will save the basket----a trending day.

it is not like a retrace/martingale system, that must have a day to explosion.

this is completely opposite.

you only need to control your DD till that day comes to save your basket.

One note, that i think is valuable addition to this system, is "Do NOT close all, leave 10% position running for free". i think that might dramatically improve the payoff.

One question, i remember that you said you used pipstep 20, or I remembered wrong? without pipstep, i feel more risky trading this EA, imho.

good luck.

Quoting tazmaan
After the issue with noticing it was not closing the trades at my pp, it was downhill from there. DD climbed up over 20% at the start of this week, so I have ceased testing. Might revisit again someday, but after testing about 10 diff versions have decided to pursue other methods. If I was interested in 5% profit per month, might be a different story.
Hope to continue to see good results from the thread however.
  • #507
  • Jan 5, 2011 10:04pm Jan 5, 2011 10:04pm
I had a demo running both with pipstep 20, and with no pipstep. The pipstep 20 was 602a with just this addition that I made to it. Unfortunately, it was in even worse shape.
I am not saying this isn't a worthwhile pursuit, it's just not one I am overly interested in at the moment anymore is all.
The whole 'load up on tons of trades and risk, to get 1% profit' is something I am trying to move away from.
I do hope you and some others continue to share the results tho, hopefully I am wrong on this one
  • #508
  • Jan 6, 2011 10:45am Jan 6, 2011 10:45am
This is the only EA that has managed to close since 31 Dec. It closed yesterday for 1%(+) profit with my new PP of 1.0.

Meanwhile Ph6_01a_CL has not closed since 23 Dec and even with the CL option is now very close to a margin call. Margin has been as low as 109% and max floating DD -17%. However, I am still not worried about it. If it hits 100% margin the broker software will kick in and help close a few more losing trades and it will eventually close for a profit. I feel pretty confident about that after seeing it happen several times now. The problem is that it eats up a lot of time when it could be making more money. And, of course if it were a live account I would be sweating profusely.

Although none of the others have closed since 31 Dec, none of them are even close to having a low margin problem. Even AddSix_02ax_CL, which has not closed since 21 Dec, has not been below 445% margin and -1.58% max floating DD.

So the slow, choppy holidays have brought out the best and worst of the EAs. In this type market AddSix_01x_CL has emerged as the winner, while Ph6_01a, which had been looking very good before, is now sucking hind tit.

These observations are all based on IBFX 50:1 mini demos. The Tadawul 500:1 with AddSix_03bx_CL_TH_PS is continuing to excel, but it also has not closed since 31 Dec.
Attached File(s)
File Type: xls IBFX AddSix.xls   856 KB | 247 downloads
Frazer
  • #509
  • Jan 6, 2011 11:11am Jan 6, 2011 11:11am
MC, I got a PM from Jamalima in which he brought up a possible problem with Tadawul. He says, and I verified it with my TD AddSix_03bx demo, that CHFJPY is seldom, if ever, traded in our EAs on a TD platform and the phantom price is always $0.00. I have been watching it closely since receiving his PM yesterday. The CHFJPY in the Market Watch window moves very seldom and in a very tight range, however it is moving. But the phantom price stays between -0.01 and +0.01. I have yet to see it outside of that range. And in 2(+) months there have only been 3 CHFJPY trades in that account.

Is there anything in the coding that might cause that? The same EA running on a IBFX demo has numerous CHFJPY trades and in a couple of cases it was the big mover and accounted for all the profit. That would indicate that it's not in the coding.
Frazer
  • #510
  • Jan 6, 2011 11:26am Jan 6, 2011 11:26am
this is holy grail method already, already, already, i'm like paranoid these days, hohoho.

however, it may still be improved in LIVE trading, like your problem right now, waiting, endless waiting......

I assume that your broker allow hedging, if so, then use two phantom EAs, these two EA's buy sell baskets are opposite to each other. so when one is stuck, the other might be making money.

however, it is also likely both trapped in DD.

a better idea, i guess, is based on that Art Phantom thread. say, put 3 art phantoms EA in one LIVE account.
EA 1 trades audjpy, usdjpy, audusd
EA 2 trades eurjpy, usdjpy, eurusd
EA 3 trades gbpchf, chfjpy, gpbjpy

you know my point is that when one EA is hanging there, the other EAs may still making money, unless the whole market IS NOT moving (in that case, your DD won't deterioriate anyway.)

these may involve some changes/addendum of the EA coding though.

Quoting frazerd
The problem is that it eats up a lot of time when it could be making more money. And, of course if it were a live account I would be sweating profusely.
  • #511
  • Jan 6, 2011 11:33am Jan 6, 2011 11:33am
Nice results, thanks a lot for reporting!

since we rarely heard ppl explode their accounts during Xmas/new yr, i guess ph6_01a (or 02a?) is still promising. it is when Lehman Bro closed, or Russian bankrupt that traders got burned down (but this system will earn like crazy at such time.)

IBFX 50:1 is definitely a more worthy experiment for us US traders. Please continue your experiment.

Quoting frazerd
So the slow, choppy holidays have brought out the best and worst of the EAs. In this type market AddSix_01x_CL has emerged as the winner, while Ph6_01a, which had been looking very good before, is now sucking hind tit.

These observations are all based on IBFX 50:1 mini demos. The Tadawul 500:1 with AddSix_03bx_CL_TH_PS is continuing to excel, but it also has not closed since 31 Dec.
  • #512
  • Jan 6, 2011 11:52am Jan 6, 2011 11:52am
Hi guys,

I had closed down my live accounts on 23rd Dec, and DD was never below 5%. I am running it live on 4 micro accounts, 1:500 at Alpari UK with 1000 EUR each and a lot size of 0.01.

I then decided to run a demo for the quiet days, and all of a sudden I have a strange problem at Alpari. They are not known for having best demo stability, but what occurs has demolished my demo account performance in case that I really cannot compare the results.

I have had a closure today, but since monday it tried to open trades each hour as it should, but the demo account was perfectly logged out at the start of each hour candle for 1-2 minutes... so it did take only about half the trades and left some 10-15 errors in the logs. Thus I can't really compare this to live, except it has gone good concerning DD and closure.

Before xmas my 4 live accounts were closed perfectly, sometimes even twice a day. Longest hangman was 3 days.

I think this one really has absolute potential. Do a good MM to prevent margin calls, and simply take your time. Having 3-5% a week is close to heaven ... at least compared to other EA
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #513
  • Jan 6, 2011 12:39pm Jan 6, 2011 12:39pm
Quoting charvo
... i guess ph6_01a (or 02a?) is still promising.
There is no Phantom6_02a. There are only 3 basic Phantom6 EAs, 01, 01a and 01x. The only 02a is Phanton_AddSix_02a. When people post about 602a I believe they are referring to AddSix_02a. If not, I don't know what they are talking about.
Frazer
  • #514
  • Jan 6, 2011 5:53pm Jan 6, 2011 5:53pm
I am a little new to having to managing margin.. Should I be looking at free margin or the margin percentage to determine a warning sign. .Also, I thought that max margin to commit to trade would shut extra trades down.
If not, what pairs do you recommend to close first? obviously, some trades will be in profit with equal losses to free margin up but is there a good strategy? (am trading live with a low microlot)
  • #515
  • Jan 6, 2011 6:04pm Jan 6, 2011 6:04pm
Quoting thorn
Happy new year all,

So I left my demo's running thru the holidays, phantom 6_01x. Both trade same pairs and settings except demo 1- 100:1, clm 1.8. Demo 2 50:1, clm 1.0.

OK so demo 1 is in some fairly deep DD around 8% and a long way to go to reach profit pct, not sure if it will get there.

Demo 2 has been plugging along nicely just as it always has (+ 9.4%) since nov 24 start date. A little slow during last 2 weeks but still closing a basket every day or two.

Now I wonder why the big difference in performance? Does leverage and cut loser...
Update: Demo 1 returned from the dead today thanks to large drops in eur/usd and aud/cad. CLM trimmed around 20 trades since last close and max DD reached 11%. For 100:1 leverage I believe my mmtu is too high, as this EA trades .02 (20 cents per pip) on a 3 k acct which is probably a little too agressive. But I am impressed that the EA recovered, figured it would take a big move for it to happen and the CLM kept the losing trades to a minimum. I wonder though, what if the market stayed chop chop for another week? and how much DD would be too much for the EA to recover.
  • #516
  • Jan 6, 2011 7:24pm Jan 6, 2011 7:24pm
Quoting 4XWeezal
I am a little new to having to managing margin.. Should I be looking at free margin or the margin percentage to determine a warning sign. .Also, I thought that max margin to commit to trade would shut extra trades down.
If not, what pairs do you recommend to close first? obviously, some trades will be in profit with equal losses to free margin up but is there a good strategy? (am trading live with a low microlot)
Margin Percent is what brokers use to determine margin call level. For example, if trading with IBFX they will start closing your biggest losing trades when margin gets down to 100%. They close a biggest loser until margin goes back above 100%, then if it drops back down to 100% they will again close the biggest losers until it gets back above 100%. We discovered that quite often that margin call procedure would keep the account alive long enough to catch a good move and get back into profit. That was the reason for adding the Cut Loser option.

MaxMarginToUse is the amount of margin to use for each new trade. It does not limit the number of trades.

These EAs are "robots" and they are designed to trade completely on auto-pilot. The EA will close ALL trades when it has reached the Equity Profit Target. You do not have to worry about which trades to close first. Just let them all run until the EA closes them. Except if you use the Cut Loser option you just need to decide how big a loser you want to cut.

You obviously are not reading the thread before asking questions. These questions are answered in the first post and the frequently asked questions. Please start reading. i will not answer any further questions that can be answered by reading the thread.
Frazer
  • #517
  • Jan 8, 2011 6:10pm Jan 8, 2011 6:10pm
I have been demoing the phantom EA's, starting annd stopping with several of the many new versions. In early Dec I started the one below and suspended testing on all others.

Below are the Results for Phantom6_01a_cl using IBFX from around Dec 1, 2010

Default values used; EA ran uninterrupted through holidays

reasonable ROI; reasonably low DD
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatementpha601a-cl.gif Size: 6 KB
  • #518
  • Jan 8, 2011 11:10pm Jan 8, 2011 11:10pm
heya saintmo
what was your 'reasonable dd'? have you been tracking it?
  • #519
  • Jan 9, 2011 3:44am Jan 9, 2011 3:44am
Quoting tazmaan
heya saintmo
what was your 'reasonable dd'? have you been tracking it?
During this period I had surgery on my foot and didn't have easy access to the computer that ran this EA (another floor of my house). However, I did not see drawdowns above around 5%. This was based upon checking stats once per day with the exception of a 10 day period when I only checked once. I plan to demo this for another month and track DD more formally. But considering the difficult period in which it operated I thought it worth further consideration and study.
  • #520
  • Jan 9, 2011 9:19am Jan 9, 2011 9:19am
very good, maybe at some point i'll throw that version up on a demo again. will keep an eye on the thread and your results
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