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Phantom 6 System

  • #541
  • Jan 14, 2011 2:04am Jan 14, 2011 2:04am
Hi,
Is there any way that the close all function contained within the EA itself can be made to work quicker. It is not unusual to take over 30 seconds to close baskets of upto 20 trades so that we are largely guessing at the PP result.
Sure, sometimes we get more than we bargained for - but more often it's less.

I'm not winging - but it would be an improvement.
  • #542
  • Jan 14, 2011 6:24am Jan 14, 2011 6:24am
A quick basket closure of only 8 trades this time. That's close to 10% return in two months ($5000 with starting balance of $39,000) using this EA. I haven't gotten the nerve to trade it live again since the holidays. The low margin levels in last two baskets have scared me some.
  • #543
  • Jan 14, 2011 6:36am Jan 14, 2011 6:36am
Quoting MetaCoder
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.

.
Its also a truism and completely meaningless, with the greatest respect.

Let me give you an example:

1. You cut a loser because you're down 20pips It carries on down so far it would have blown your account. Great. Pat yourself on your back as you've cut a loser early and saved your account.

2. You cut a loser because you're down 20pips. It immediately reverses and moves so you'd now be up a huge fortune. You kick yourself because you've cut a loser just a pip too early and you could have made a packet.

How do you know which scenario is about to unfold ?

This renders the concept meaningless except when looked back at historically.
He was looking for the card so high and wild hed never need to deal another
  • #544
  • Jan 14, 2011 9:30am Jan 14, 2011 9:30am
After a few months of testing and tinkering with the EA settings and getting some good results, I was considering going live with a small account. Now that I see Oanda is coming out with mt4 in next month or so I may just take the plunge. Cant beat their spreads which I think is important for these EA's. Will have to see how their connectivity is though as that is sometimes a problem on the fxtrade platform. From what I have read lot sizes from .01 (1k), should be perfect for small accounts.
  • #545
  • Jan 14, 2011 9:33am Jan 14, 2011 9:33am
Addsix_2a trades as usual but addsix_2ax did not make a trade since 5 est yesterday. Any settings problem? Magic number to be changed or something? I have set default settings except MMTU and Profit pct. Frezard, can you answer this prob? Thanks.
Intraday only.
  • #546
  • Jan 14, 2011 9:37am Jan 14, 2011 9:37am
Quoting dr_who
2. You cut a loser because you're down 20pips. It immediately reverses and moves so you'd now be up a huge fortune. You kick yourself because you've cut a loser just a pip too early and you could have made a packet.

How do you know which scenario is about to unfold ?

This renders the concept meaningless except when looked back at historically.
Certainly scenario 2 can and does happen and there is no way to know which way it will go. We cannot foresee the future. We have to deal with present conditions and find a strategy that works to our advantage over the long term. I believe the cutting of losers is working and so far scenario 1 has occurred more often than scenario 2. That is why my demos have always recovered.

Having said that, I will add that I think I have been cutting losers too soon in my 50:1 demos. A CLM of .5 with a PP of .5 is too low. I have already doubled that in some of my accounts and will increase the others as I find an opportunity after a basket close.
Frazer
  • #547
  • Jan 14, 2011 9:43am Jan 14, 2011 9:43am
Quoting thorn
After a few months of testing and tinkering with the EA settings and getting some good results, I was considering going live with a small account. Now that I see Oanda is coming out with mt4 in next month or so I may just take the plunge. Cant beat their spreads which I think is important for these EA's. Will have to see how their connectivity is though as that is sometimes a problem on the fxtrade platform. From what I have read lot sizes from .01 (1k), should be perfect for small accounts.
Give MB Trading try. They're an ECN and give a great service. I've been with them a couple of years and have recently opened an MT4 account with them too.
He was looking for the card so high and wild hed never need to deal another
  • #548
  • Jan 14, 2011 9:53am Jan 14, 2011 9:53am
Quoting navk
Addsix_2a trades as usual but addsix_2ax did not make a trade since 5 est yesterday. Any settings problem? Magic number to be changed or something? I have set default settings except MMTU and Profit pct. Frezard, can you answer this prob? Thanks.
I would need more info and maybe some screen shots to figure out what's wrong. The first thing to check is make sure that all pairs are listed in the Market Watch window.

Are you running it on a separate platform from 02a? If so, there should be no problem with magic numbers.

If you were running another EA on the same platform previously, did you clear all the Global Variables before starting the EA?
Frazer
  • #549
  • Jan 14, 2011 9:57am Jan 14, 2011 9:57am
Quoting frazerd
Certainly scenario 2 can and does happen and there is no way to know which way it will go. We cannot foresee the future. We have to deal with present conditions and find a strategy that works to our advantage over the long term. I believe the cutting of losers is working and so far scenario 1 has occurred more often than scenario 2. That is why my demos have always recovered.

Having said that, I will add that I think I have been cutting losers too soon in my 50:1 demos. A CLM of .5 with a PP of .5 is too low. I have already doubled that in some...
My comments weren't aimed at being in any way derogatory towards this system but just at the statements like 'cut your losses and let your profits run' which are totally meaningless.
He was looking for the card so high and wild hed never need to deal another
  • #550
  • Jan 14, 2011 10:03am Jan 14, 2011 10:03am
a close all function would 90% be meaningless and useless. (if i'm honest, i should use 100%)

in MT4, you already have it on left hand side, check help if you need.

this EA is in its nature against close all in loss.

Quoting Nicastro
Hi,
Is there any way that the close all function contained within the EA itself can be made to work quicker. It is not unusual to take over 30 seconds to close baskets of upto 20 trades so that we are largely guessing at the PP result.
Sure, sometimes we get more than we bargained for - but more often it's less.

I'm not winging - but it would be an improvement.
  • #551
  • Jan 14, 2011 10:03am Jan 14, 2011 10:03am
Quoting frazerd
I would need more info and maybe some screen shots to figure out what's wrong. The first thing to check is make sure that all pairs are listed in the Market Watch window.

Are you running it on a separate platform from 02a? If so, there should be no problem with magic numbers.

If you were running another EA on the same platform previously, did you clear all the Global Variables before starting the EA?
The last one what you said, global variables, was the problem I just noticed it and cleared. Hopefully it should start trading now. Everynow and then i keep forgetting to clear global variables. lol
Intraday only.
  • #552
  • Jan 14, 2011 10:08am Jan 14, 2011 10:08am
this system is exactly "cut loser, let profit run", (i'm not talking about various MODs by many, i mean MC's original). no wonder you mentioned that you don't understand this system.

Quoting dr_who
My comments weren't aimed at being in any way derogatory towards this system but just at the statements like 'cut your losses and let your profits run' which are totally meaningless.
  • #553
  • Jan 14, 2011 10:12am Jan 14, 2011 10:12am
Quoting dr_who
My comments weren't aimed at being in any way derogatory towards this system but just at the statements like 'cut your losses and let your profits run' which are totally meaningless.
If you don't understand them and don't see their value clearly reflected in the trading statements, of course they'll seem meaningless...to YOU.
Open to new approaches.
  • #554
  • Edited 10:34am Jan 14, 2011 10:18am | Edited 10:34am
Quoting dr_who
Its also a truism and completely meaningless, with the greatest respect.

Let me give you an example:

1. You cut a loser because you're down 20pips It carries on down so far it would have blown your account. Great. Pat yourself on your back as you've cut a loser early and saved your account.

2. You cut a loser because you're down 20pips. It immediately reverses and moves so you'd now be up a huge fortune. You kick yourself because you've cut a loser just a pip too early and you could have made a packet.

How do you know which scenario is about...
In scenario #2, you don't kick yourself because you have winning trades to offset the loser you may have cut early, IF your trading tactics ensured that, which these systems do.

In balanced multi-pair trading, one trade on one pair will not make or lose a fortune, so your example has no relevance here.

There is no dependence on needing to know which scenario is going to unfold. There is no attempt to predict the future.

The concept "cut losers early, let winners run" has meaning ONLY in the context of being well positioned to handle whatever the future brings. It has NO meaning in the context of history.

You're missing key points left, right and center.
Open to new approaches.
  • #555
  • Jan 14, 2011 10:31am Jan 14, 2011 10:31am
Frazer has carefully documented the resiliency of several of these EAs. The core strategy is the same as the one I introduced in the form of EAs back in August 2010; however, tactical improvements were made by those who understand (Frazer), and I'm most pleased, and grateful!

Five months later, "success" is still the verdict. Some haven't bothered to surmount the technical learning curve to set up the EAs correctly or to stay within reasonable settings (usually out of greed/impatience).

Those who have, have seen that automatic trading is viable. Some don't see it, some don't get it, and some DON'T WANT TO. If you insist on staying stuck in your stiff thinking patterns and deny irrefutable evidence, fine, I'm not here to give you cognitive therapy.

I've proved my point here, in this public Internet venue.

Now, I'm going back "home" to focus on serious R&D with a small group of intensely interersted people. Those who wish to follow, may. The door is not hard to find, and I'll leave it open a crack.

Naturally, some of you will want to continue participating here. As for me...all done!

Some of you folks are great, thanks to those who contributed!

Adios amigos.
Open to new approaches.
  • #556
  • Jan 14, 2011 10:40am Jan 14, 2011 10:40am
[quote=MetaCoder;4314983]Frazer has carefully documented the resiliency of several of these EAs. The core strategy is the same as the one I introduced in the form of EAs back in August 2010; however, tactical improvements were made by those who understand (Frazer), and I'm most pleased, and grateful!

Five months later, "success" is still the verdict. .........................


Sir,

Well said! I could not agree with you more.

I think you, and Fraser, are leading us into the sunlit uplands.........

There, I will follow.
  • #557
  • Jan 14, 2011 10:46am Jan 14, 2011 10:46am
I will respond to PMs for the next couple of weeks.
Open to new approaches.
  • #558
  • Jan 14, 2011 12:14pm Jan 14, 2011 12:14pm
Quoting MetaCoder
In scenario #2, you don't kick yourself because you have winning trades to offset the loser you may have cut early, IF your trading tactics ensured that, which these systems do.

In balanced multi-pair trading, one trade on one pair will not make or lose a fortune, so your example has no relevance here.

There is no dependence on needing to know which scenario is going to unfold. There is no attempt to predict the future.

The concept "cut losers early, let winners run" has meaning ONLY in the context of being well positioned to handle...


MC, you're missing the point. I WASN'T referring to these EAs at all, just meaningless statements like 'cut your losses and let your profits run' per se. If you're qualifying them in relation to something else, then that's fine but as stand alone statements, they mean nothing.
He was looking for the card so high and wild hed never need to deal another
  • #559
  • Jan 14, 2011 5:34pm Jan 14, 2011 5:34pm
thanks metacoder for a great ea! It has a lot of potential.
  • #560
  • Jan 14, 2011 10:01pm Jan 14, 2011 10:01pm
MetaCoder, thanks for sharing your work and Frazerd, thanks for your invaluable contributions.
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