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Phantom 6 System

  • #561
  • Jan 14, 2011 10:47pm Jan 14, 2011 10:47pm
Quoting MetaCoder
I will respond to PMs for the next couple of weeks.
Thanks a bunch for your great contribution.
I have been testing various versions for sometime, and hope to ultimately zero in on something that will be beneficial in the long term.
Hoping to hear from you occasionally about your future work..
"Put all your efforts in becoming effortless"
  • #562
  • Jan 18, 2011 5:08pm Jan 18, 2011 5:08pm
Been trading this EA(on demo) since the 12th of November completely hands off. MMTU-.4, taking profit every approx. $225 with a beginning balance of $39,500 which is now at $44,551. Leverage 50:1. Have seen close to 10% DD once but lots of baskets never saw more than around 2-3%. Twice I saw margin very low, 300% and the worst was 165%. Those two baskets are the reason I'm not trading live at least for now.
  • #563
  • Jan 19, 2011 6:15am Jan 19, 2011 6:15am
Hello to everyone and a special thanks to MetaCoder.

I am following this EAs since almost 2 months and I would like to share my results with you. Here you are:

http://www.mt4i.com/users/achab3

The actual setting is:
EA: Phantom_AddSix_02a
Account type: Standard (AVA Fx)
Demo Initial Amount: $100.000
Leverage: 400:1
Lowest Margin: 393.00%
Largest Floating Loss: $-31,410.86
Max Floating Drawdown: -28.75%
MMTU: 0.5
Use Lots: 2.53
PP: 0.35

Any comment will be welcome.

Again, thanks.
/achab
  • #564
  • Jan 20, 2011 11:49am Jan 20, 2011 11:49am
Hello,

I use Phantom6_01a. MMTU 0.5, PP 0.5, Leverage 400:1.
One trade has not closed since Tuesday, then some orders are closed because of margin call.....now 8 orders are closed and margin % is still lower than 110%....
I changed global variables LastFlatBal and LastFlatEq to the current balance because target become too far....
I already lost 2 months profit. EA is still running but making drawdown bigger....
I don't know what to do.....
  • #565
  • Jan 20, 2011 9:23pm Jan 20, 2011 9:23pm
add more money! how many trades are you in for? I think this ea might not be good to run unless you can absorb 40-60 open trades without margin issue. that would be a good thing to figure out. there is an optimal size account..but might be awhile to figure out. or start cutting equal size wins and losses earlier if the market goes flat.
  • #566
  • Jan 20, 2011 11:01pm Jan 20, 2011 11:01pm
Phantom 02a and 03b are better options and other variants like CL, TH and PS should also help. Margin 0.3 is ideal I suppose.
This EA requires volatile market and hence better to keep it out of flat market.
I am experimenting with PP of 2.0 as once once EA gets into profit mode it flies rather quickly.
"Put all your efforts in becoming effortless"
  • #567
  • Jan 21, 2011 12:17am Jan 21, 2011 12:17am
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 am posting this for all to comment upon, but have quoted Frazerds post as being most relevant to what I have to say

Firstly it would be a real pity if this thread and the development of these ea's stopped now that MetaCoder has moved on

I long ago came to the conclusion trying to pick any trade direction based on applying analysis to the past is a futile exercise
The market is driven, pulled and pushed by so many diverse actions and consequences, some we cannot even be aware of, that 99.999% of the time it is totally random ( this is a personal belief so please don't start any dialogue about this )

Most seem determined to see some order in this chaos, creating all manner of mathematical formulas to produce exotic indicators that do no more than give a graphical interpretation of what can be seen on the charts .... chaotic random movement
No criticism here I have been there and still visit often !

I now rather ask myself why bother ... I will only see what I want to see and it is just as likely to be right as it is to be wrong ..... everything works, nothing works

So this and the basket14 thread immediately appeals to me as it is another twist in trying to use and profit from what the market does as a matter of consequence without having to flip the coin to decide if I buy or sell

I have been lurking in the background for a while now and have had Ph_AddSix_CL_TH_PS on various demo accounts, with the latest settings
MMTU @ 0.4
CLM @ 2
PP @ 1
Pip Step false

This latest test started out quite nicely ( as many of my tests have ) closing 7 baskets with minimal DD and margin use and only a small number of cut loss closures per basket ..... but currently is in a basket where it has 32 open trades and has so far had 23 cut loser closures. Margin has been as low as 310%, current balance is some 60% down, max floating DD 10%

As far as recovering from seemingly hopeless situations is concerned Frazerds demos have shown this is possible .... but these are ‘ don’t care what happens really ‘ demos ... in all honesty would anyone trading this in a live situation be able to sit, watch and let this happen ..... I doubt it, and other posts on this thread seem to confirm it

To use the broker’s auto margin closure as part of the strategy was I believe never intended or envisaged as even possible
As we know not all brokers treat margin calls the same way, so allowing margin to reach 100% and letting the broker close out biggest losing positions for us is not always an option
Having a broker close all losing positions at 100% margin is simply not a plan
In any event reaching the above situations would mean the trade has been allowed to get out of control and we would all likely be in intensive care !

But to use the ea as currently coded and intended the whole point is to let it run its course to reach an outcome .... bust or small profit ..... risking everything for a small gain in balance
The only absolute fact I have ever realised from the forex market ..... if you can imagine it, it will eventually happen, if you can’t imagine it , you are doomed before you start ! ...... leads me to say it is a certainty your account will go bust at some point with this/these ea’s in their current form

So why am I posting you ask ... to knock the ea’s ?
Absolutely not, quite the opposite
Because I am convinced this is the way to trade I would like to try and contribute in some way to improving the fantastic work already done
To try and help make this ea more palatable for live trading

For a live trading situation the question is what, when and how could something be done in terms of intervention to help ease the pain of the inevitable DD etc and how can it be coded

To continue to let a basket trade itself out to a profit and have some ‘ comfort ‘ ( huh ! ) so as not to panic and close a basket at loss, depends on maintaining sufficient balance, margin availability and of course having big balls !
It seems an obvious starting point is to better protect these areas ( especially your balls J ) at an earlier stage in the trade rather than wait for things to get out of control

My unworthy suggestions may follow if I feel brave enough, to be flamed as nonsense no doubt, but I am sure some of the more gifted strategists here have already given this a lot of thought .... so please share, so we can move forward, otherwise it is difficult to see any ‘ live ‘ future for this/these ea’s

Good trading to all
  • #568
  • Jan 21, 2011 12:57am Jan 21, 2011 12:57am
Quoting jcs

My unworthy suggestions may follow if I feel brave enough, to be flamed as nonsense no doubt, but I am sure some of the more gifted strategists here have already given this a lot of thought .... so please share, so we can move forward, otherwise it is difficult to see any ‘ live ‘ future for this/these ea’s

Good trading to all
Good post..Since coding help is no more available, any suggestions will be difficult to implement.
"Put all your efforts in becoming effortless"
  • #569
  • Jan 21, 2011 1:37am Jan 21, 2011 1:37am
Quoting IamTHAT
Good post..Since coding help is no more available, any suggestions will be difficult to implement.
I feared that may be the case
  • #570
  • Jan 21, 2011 2:45am Jan 21, 2011 2:45am
Quoting Taiyakixz
Hello,

I use Phantom6_01a. MMTU 0.5, PP 0.5, Leverage 400:1.
One trade has not closed since Tuesday, then some orders are closed because of margin call.....now 8 orders are closed and margin % is still lower than 110%....
I changed global variables LastFlatBal and LastFlatEq to the current balance because target become too far....
I already lost 2 months profit. EA is still running but making drawdown bigger....
I don't know what to do.....
I closed all orders manually because the situation became worse, more orders were closed with margin call, my balance was 50% loss(not included opened ordres) from my previous post....Totally I lost 70% of my balance....
  • #571
  • Jan 21, 2011 2:46am Jan 21, 2011 2:46am
Quoting 4XWeezal
add more money! how many trades are you in for? I think this ea might not be good to run unless you can absorb 40-60 open trades without margin issue. that would be a good thing to figure out. there is an optimal size account..but might be awhile to figure out. or start cutting equal size wins and losses earlier if the market goes flat.
The number of orders were about 60, then mt4 started closing the worst orders.....
  • #572
  • Jan 21, 2011 3:07am Jan 21, 2011 3:07am
Quoting jcs
[color=black][font=Verdana]I am posting this ... [omissis]

So why am I posting you ask ... to knock the ea’s ?
Absolutely not, quite the opposite
Because I am convinced this is the way to trade I would like to try and contribute in some way to improving the fantastic work already done...[omissis]
I agree with the wish to "improve", and I will continue to make tests using many different parameters. The only way to understand more, to understand how to make these EAs more profitable (because it's already clear they are profitable), and/or less risky, is to test them as much as possible.

In my personal opinion, reading the results is a must for knowing how to reach the best personal setup. That's why I exhort you (all) to share the stats, even if negative.

Profitable day.
/achab
  • #573
  • Jan 21, 2011 4:57am Jan 21, 2011 4:57am
I am testing phantom603b from the beginnig. All may test show that i will ALWAYS blow my accoun aventualy. So now i am trying new king of tests.

With defoult settigs my floatig dd didnt go under 25% for two months.

I am now testin if i could get enough profit (withdraw always when balance reaches 200%) from 3x defout setting befor the account blows.

The time will tell.
So far so good
Boki
  • #574
  • Jan 21, 2011 5:04am Jan 21, 2011 5:04am
Taiyakixz
I assume and hope this is a demo account ?

Achab
I have only looked at the one version I mentioned previous, but I suspect all versions run with the same underlying strategy
Yes they will be profitable some of the time, even most of the time, but when it does eventually go against you big style it will kill you .... just look at Taiyakixz post

I believe you could test until hell freezes over, and some settings will seem to work better than others .... today, but tommorrow maybe not ... Until a change to the overall strategy is found that will limit the exposure, which is basically all or nothing as it stands, I can not see how anyone could trade this live
Be honest would you really dare trade this with your own hard earned money ?

But to even consider any tweaking a competent and willing coder is required, and it seems there no longer is one here
  • #575
  • Jan 21, 2011 10:14am Jan 21, 2011 10:14am
Quoting jcs
Taiyakixz
I assume and hope this is a demo account ?
real account
I have traded for more than 2 months, it is the first time to hit margin call....
If I closed all orders immediately, loss would be 30%-40%. But I left ea and closed the worst orders every time margin call. It caused more loss....
  • #576
  • Jan 21, 2011 12:56pm Jan 21, 2011 12:56pm
Quoting Taiyakixz
real account
I have traded for more than 2 months, it is the first time to hit margin call....
If I closed all orders immediately, loss would be 30%-40%. But I left ea and closed the worst orders every time margin call. It caused more loss....
oh crap
  • #577
  • Jan 21, 2011 4:15pm Jan 21, 2011 4:15pm
Quoting Taiyakixz
real account
I have traded for more than 2 months, it is the first time to hit margin call....
If I closed all orders immediately, loss would be 30%-40%. But I left ea and closed the worst orders every time margin call. It caused more loss....
Can I see the stats? Have you online statements to share with us?

Thanks in advance.
/achab
  • #578
  • Jan 21, 2011 4:23pm Jan 21, 2011 4:23pm
Quoting jcs
Achab
I have only looked at the one version I mentioned previous, but I suspect all versions run with the same underlying strategy
Yes they will be profitable some of the time, even most of the time, but when it does eventually go against you big style it will kill you...
Since one month I am testing some systems (around 25) and some of them (2) are also sending signals to ZuluTrade where I follow them in demo as well as in real.

The demo and real results are positive and I would like to make a new step, increasing the lots. But before I'd like to investigate why other accounts did blow up. I need more data for this, name and setting of the EA, initial balance, name and leverage of the account, etc.

Is someone is interested I can share more accounts for more results.

Nice weekend.
/achab
  • #579
  • Jan 21, 2011 4:46pm Jan 21, 2011 4:46pm
Four basket closures in five days this week. See my settings in previous posts. You guys who are blowing accounts are trading too big of lots. I'm trading with 50:1 leverage and haven't blown up since I started this EA in early november. Of course my next basket could blow.
  • #580
  • Jan 21, 2011 8:04pm Jan 21, 2011 8:04pm
it would be interesting to see the settings for blown up accounts. i agree slow and steady wins the race. start with very very low risk and when it reaches 100%, take out your original money and play with the free money.
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