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Phantom 6 System

  • #521
  • Jan 9, 2011 7:02pm Jan 9, 2011 7:02pm
Quoting frazerd
Margin Percent is what brokers use to determine . i will not answer any further questions that can be answered by reading the thread.
what is the max drawdown on the ea it will go or how big of an account do you need so that you never have to worry....Thats really the question all are asking .
  • #522
  • Jan 10, 2011 1:59pm Jan 10, 2011 1:59pm
Quoting 4XWeezal
what is the max drawdown on the ea it will go or how big of an account do you need so that you never have to worry....Thats really the question all are asking .
Sorry, I don't think anyone can answer those questions. You will have to figure it out for yourself.
Frazer
  • #523
  • Jan 11, 2011 11:42am Jan 11, 2011 11:42am
I have tested addsix_2a for long time. The DD has been max 8 to 10 %. Only once during NFP i switched off the EA which had open trades. When again switched on, the DD was more than 10%. I guess the reason coud be, i did not allow the EA to run.
Intraday only.
  • #524
  • Jan 12, 2011 5:27am Jan 12, 2011 5:27am
Hi guys

I've been trying to demo the Addsix_03bx version and I am getting no trades. I have applied the EA to a eurusd chart and its been running like that for about 4-5 days with no trades.

There is nothing in the journal with suggests any errors etc.

What am i doing wrong?

Thanks in advance.
  • #525
  • Jan 12, 2011 8:42am Jan 12, 2011 8:42am
Quoting Viv108
Hi guys

I've been trying to demo the Addsix_03bx version and I am getting no trades. I have applied the EA to a eurusd chart and its been running like that for about 4-5 days with no trades.

There is nothing in the journal with suggests any errors etc.

What am i doing wrong?

Thanks in advance.
Open up properties/common on EA and make sure live trading is checked. I sometimes forget to do that myself. Also what broker are you using? If your broker doesnt have one of the pairs in the EA it wont trade. If it does, make sure to open market watch, right click and select "show all".
These are some of the problems I have seen in the past.
  • #526
  • Jan 12, 2011 9:12am Jan 12, 2011 9:12am
I've abandoned all my back and forward testing of the Phantom EAs.

Although in many instances they were looking OK, there have been a number of backtests in 2009 I did for 03bx that turned bad. But my main issue is that I dont understand the logic that well and from my own perspective I prefer to work with things I can understand on a more fundamental basis.

Generally I trade news manually and for a simpleton like me, that's very understandable. However, I'm also developing a gap trading EA, early signs of which are looking good and I'm testing a couple of other EAs which show promise and whose logic I can follow.
He was looking for the card so high and wild hed never need to deal another
  • #527
  • Jan 13, 2011 8:36am Jan 13, 2011 8:36am
Quoting dr_who
I've abandoned all my back and forward testing of the Phantom EAs.

Although in many instances they were looking OK, there have been a number of backtests in 2009 I did for 03bx that turned bad. But my main issue is that I dont understand the logic that well and from my own perspective I prefer to work with things I can understand on a more fundamental basis.

Generally I trade news manually and for a simpleton like me, that's very understandable. However, I'm also developing a gap trading EA, early signs of which are looking good and I'm testing...
Dr who,

How did you back test multiple pair EA? Guessing it wasnt on Mt4? And how much faith do you put in back testing. I always get very different results whenever I backtest anything.
  • #528
  • Jan 13, 2011 9:49am Jan 13, 2011 9:49am
It looks like some members have some very basic issues/questions that could be resolved/answered if they read my FAQ.
Open to new approaches.
  • #529
  • Jan 13, 2011 9:56am Jan 13, 2011 9:56am
Quoting thorn
Dr who,

How did you back test multiple pair EA? Guessing it wasnt on Mt4? And how much faith do you put in back testing. I always get very different results whenever I backtest anything.

I was testing multiple pairs on JForex.
The problems with backtesting on MT4 are (a) the data is crap, so you need to get it from somewhere else and (b) you cant backtest multiple pairs.

If you can get your EA re-written for JForex thats a much better option.
He was looking for the card so high and wild hed never need to deal another
  • #530
  • Jan 13, 2011 10:41am Jan 13, 2011 10:41am
Just when you think this EA is down for the count it turns around and takes profit. This basket started on Jan.4 and saw over 100 trades. DD was over 10% at one time and margin (50:1 leverage) was down to 150%. I was going to see how margin call closures would effect it but it didn't get to that point.
  • #531
  • Jan 13, 2011 11:20am Jan 13, 2011 11:20am
Frazer, forgive me for not being up on the later versions, but is there a version that is based on Phantom_AddSix_02a and which starts closing biggest losers when margin drops to a specified level?

I think there might be one in this post: http://www.forexfactory.com/showpost.php?p=4237873

Heck, I can't even remember what the 'x factor' is! Found it...'x' means the EA only adds trades if all previous trades for the pair are winners.
Open to new approaches.
  • #532
  • Jan 13, 2011 1:36pm Jan 13, 2011 1:36pm
Quoting MetaCoder
Frazer, forgive me for not being up on the later versions, but is there a version that is based on Phantom_AddSix_02a and which starts closing biggest losers when margin drops to a specified level?

I think there might be one in this post: http://www.forexfactory.com/showpost.php?p=4237873

Heck, I can't even remember what the 'x factor' is! Found it...'x' means the EA only adds trades if all previous trades for the pair are winners.
The link you posted has the Close Loser (bigger than CloseLoserMultiplier x -Dollar Profit Target), but not the option to close losers at specified margin level. I tested that option for a while and didn't like what it was doing. I do like the Close Loser bigger than option. I'm using it on all of my demos now.

If you really want the option that closes losers at a given margin level, I have a Phantom6_01 with that option, which I can post here if you want it..
Frazer
  • #533
  • Jan 13, 2011 1:45pm Jan 13, 2011 1:45pm
Frezard,

The addsix_2a, at times has bigger DD, reason it places trades without checking whether the previous trade was a winner.

The addsix_2ax has pip step and cut looser option. I do not want cut looser option but want the trades to be added if previous trade was a winner. The pip step ( 10 ) alone will satisfy this or it has inherent feature to add phantom winners only ? Thanks
Intraday only.
  • #534
  • Jan 13, 2011 2:08pm Jan 13, 2011 2:08pm
Quoting frazerd
...I have a Phantom6_01 with that option, which I can post here if you want it..
No need, but thanks!
Open to new approaches.
  • #535
  • Edited 2:38pm Jan 13, 2011 2:11pm | Edited 2:38pm
Quoting Toothman
Just when you think this EA is down for the count it turns around and takes profit. This basket started on Jan.4 and saw over 100 trades. DD was over 10% at one time and margin (50:1 leverage) was down to 150%. I was going to see how margin call closures would effect it but it didn't get to that point.
All of these EAs have an amazing ability to come back from what appears to be the grave.

Take a look at my Phantom6_01a_cl. It closed a basket back on 23 Dec and then went into a long period of no closures, many many close losers, and finally on 7 Jan it hit the margin call 100% and started closing biggest losers until it came back above 100%. Then it stayed above 100%, cutting losers bigger than $8(+), until 11 Jan when the margin call kicked in again and closed 3 more smaller losers and then again on 12 Jan it hit 100% again and closed several more smaller losers. It looked like it was dead for sure, but the EA closed several more big losers on 12 and 13 Jan. Then, low and behold, this morning it got the move it needed to hit the profit target and closed twice for a 2% profit (above last basket close). Between the Close Loser option and the margin call closes, it had closed a total of 242 losers and closed another 116 trades, all winners, to end up in profit.

Is that amazing or what!?
Attached File(s)
File Type: xls IBFX Phant6.xls   411 KB | 285 downloads
Frazer
  • #536
  • Jan 13, 2011 2:26pm Jan 13, 2011 2:26pm
Quoting navk
Frezard,

The addsix_2a, at times has bigger DD, reason it places trades without checking whether the previous trade was a winner.

The addsix_2ax has pip step and cut looser option. I do not want cut looser option but want the trades to be added if previous trade was a winner. The pip step ( 10 ) alone will satisfy this or it has inherent feature to add phantom winners only ? Thanks
Any EA that I have posted which has a "x" in the name will only open a trade if all previous trades on the pair are winners. The Pip Step option just adds a little extra by requiring the trade to be at least Pip Step pips more than the last trade on that pair. Or, that is the intent. I have not checked to see if that actually works.

So the answer is AddSix_02ax will do what you want without any of the CL, TH, PS options. You can just make all those options false and the EA will only place a new trade if all previous trades on the pair are winners. If you use the Pip Step option you will just insure that the new trade is several pips more than the previous trade.
Frazer
  • #537
  • Jan 13, 2011 3:00pm Jan 13, 2011 3:00pm
Quoting frazerd
Any EA that I have posted which has a "x" in the name will only open a trade if all previous trades on the pair are winners. The Pip Step option just adds a little extra by requiring the trade to be at least Pip Step pips more than the last trade on that pair. Or, that is the intent. I have not checked to see if that actually works.

So the answer is AddSix_02ax will do what you want without any of the CL, TH, PS options. You can just make all those options false and the EA will only place a new trade if all previous trades on the pair are winners....
Thanks a lot frezard. Wonderful I tested all these days the addsix_2a. Like every one else here, i am happy with this EA, as i never had equity loss. The only complaint is at times, the DD runs more but never lost.

I want to test now the addsix_2ax version to decide which one to go about.

Any way thanks for the wonderful EA's.
Intraday only.
  • #538
  • Edited 4:24pm Jan 13, 2011 3:34pm | Edited 4:24pm
Quoting frazerd
All of these EAs have an amazing ability to come back from what appears to be the grave.
.
.
.
Is that amazing or what!?
I didn't anticipate they'd be able to do this (probably because I didn't know what the current brőker actions were when low margin levels are hit...I thought they used to close ALL trades on low margin triggers), but now we have had several graphic demonstrations of why the old trading wisdom phrase "cut the losers early and let the winners run" came to be.

It really is wisdom, not just empty words.

It's not lost on me that the brőker provides a real service for us by closing losers when the low margin limit is hit. Well, as long as routine trading actions are in harmony with that and allow it to work for our benefit.
Open to new approaches.
  • #539
  • Jan 13, 2011 4:26pm Jan 13, 2011 4:26pm
Quoting navk
Thanks a lot frezard. Wonderful I tested all these days the addsix_2a. Like every one else here, i am happy with this EA, as i never had equity loss. The only complaint is at times, the DD runs more but never lost.

I want to test now the addsix_2ax version to decide which one to go about.

Any way thanks for the wonderful EA's.
Don't thank me. MetaCoder is the author of all these phantom EAs. I am not a programmer. I just added a few options that I picked up from other threads. I do that by copying and pasting from one EA to another.
Frazer
  • #540
  • Jan 13, 2011 5:12pm Jan 13, 2011 5:12pm
Quoting MetaCoder
I didn't anticipate they'd be able to do this (probably because I didn't know what the current brőker actions were when low margin levels are hit...I thought they used to close ALL trades on low margin triggers), but now we have had several graphic demonstrations of why the old trading wisdom phrase "cut the losers early and let the winners run" came to be.

It really is wisdom, not just empty words.....
I also used to think that a margin call was closing all trades when the low margin was hit. But thinking back about it, it was probably because we were trading totally different strategies and there were never many (or any) winning trades involved in those margin calls, so the margin never came back above the call level. With these EAs the low margin is caused by having too many open trades, many of which are winners along with the losers. So when the broker software starts closing trades the reduction in number of open trades along with the winners brings margin back up and stops the margin call.

Also, we know that margin calls do not work the same with all brokers. We had a couple of people report that their broker, when margin gets too low, just disallows additional trades until margin improves. Again, in the old days when there were not usually a large number of trades involved and they were all losers that tactic would normally result in the trader losing all his money and maybe more. But with these EAs it buys time for the margin to improve and then it allows new trades again.
Frazer
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