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Phantom 6 System

  • #621
  • Jan 25, 2011 5:28pm Jan 25, 2011 5:28pm
Good luck, Tooth,

so you used same setting as your demo account did?

Quoting Toothman
I decided to go live again with this EA and I love it when things work out like this. Two basket closures in a day and a half. $463 in the bank. Only 4 trades in the last basket , 8 in the first basket. My strategy is, since these EA's like volatility, I'm turning it off (and closing basket) if I'm in profit around noon on fridays and back on monday mornings.
  • #622
  • Jan 25, 2011 5:51pm Jan 25, 2011 5:51pm
Quoting charvo
Good luck, Tooth,

so you used same setting as your demo account did?
Yes, same settings. MMTU .4 and PP a little more than .5 ($220). Using separate EA to close trades when profit reached.
  • #623
  • Jan 26, 2011 2:00am Jan 26, 2011 2:00am
Quoting roundrock
nicastro, one question


12) We need to have user defined settings of when a recovery trade is to be implemented:- eg

a) ONLY after X no. of trades for any pair AND
b) Once the currency pair exceeds Y% of Last Flat Equity


is it AND or OR ? What if the total loss exceeds the pct but the number of trades are less. then there will not be any recovery. why do you need the AND condition here...

It is probably better for it to be OR and have the number of trades set to a larger number - eg 13
A minor change to the EA please Roundrock
  • #624
  • Jan 26, 2011 2:02am Jan 26, 2011 2:02am
Quoting achab
Sorry for my question, but MaxMarginToUse set to 2.1 isn't too much?

/achab
The idea is to test the EA at the extremes and work inwards
  • #625
  • Jan 26, 2011 2:03am Jan 26, 2011 2:03am
Quoting achab
I also suggest a simple improvement to this EA: to open a log file in append for writing the date, time and the lowest margin.
It would be perfect to study the old tradings to optimize the personal TS.

I hope you agree with me.
Good evening.
/achab
Ye,I agree - perhaps Roundrock could help on this
  • #626
  • Jan 26, 2011 2:30am Jan 26, 2011 2:30am
Quoting Nicastro
It is probably better for it to be OR and have the number of trades set to a larger number - eg 13
A minor change to the EA please Roundrock
here you go ....
Attached File(s)
File Type: mq4 Phantom6_01xR.mq4   59 KB | 262 downloads
  • #627
  • Jan 26, 2011 2:37am Jan 26, 2011 2:37am
Quoting roundrock
here you go ....

Thanks Roundrock - you are a star.
  • #628
  • Edited 4:15am Jan 26, 2011 4:13am | Edited 4:15am
Are you sure that limiting the number of trades in the basket is a good idea? My forward test from 12 Dec did spectacularly well, I didn't get any margin calls, but had baskets as high as 85 trades.
Attached File(s)
File Type: xls Phantom6_01.xls   186 KB | 304 downloads
  • #629
  • Jan 26, 2011 4:23am Jan 26, 2011 4:23am
Quoting TheMaxx
Are you sure that limiting the number of trades in the basket is a good idea? My forward test from 12 Dec did spectacularly well, I didn't get any margin calls, but had baskets as high as 85 trades.
whats yr account size ?
  • #630
  • Jan 26, 2011 4:43am Jan 26, 2011 4:43am
Quoting roundrock
whats yr account size ?
IBFX demo, standard account, 50:1 leverage, $3,000 account opening
MMTU = 0.5
PP = 0.75
Max floating DD: -10.02%
Lowest margin: 141.96%

My statement from a few days back is here:
http://www.forexfactory.com/attachme...5&d=1295904237

If any of this looks like it will lead to high risk please let me know.
  • #631
  • Jan 26, 2011 9:02am Jan 26, 2011 9:02am
Quoting Nicastro
Thanks Roundrock - you are a star.
Hi Roundrock,

I am reporting on the first day's demo trading on the EA.

The EA was switched on to allow trading at 7.30 GMT.
The first basket opened at 8.15 GMT with a buy GU and a buy EJ. They were both the biggest phantoms at the time.

At 9.15GMT a further GU was added, but nothing from Sub-Basket A.

The basket closed at 9.23GMT having reached PP. My recollection is that on closure of the basket, the phantoms reset automatically - but please correct me if that is not so.

At 10.15GMT a new Basket was opened with a buy GU. At the time the AU phantom was also showing a profit - but an AU trade did not open.
No pairs were traded out of Sub-basket A - ordinarily I would expect one phantom to be in profit since the basket was reset, as I believe ,at the 9.23GMT basket closure.

At 11.15GMT a further GU trade was made as the biggest winning phantom. But again AU was not traded even though it was a winning phantom.
Again no pairs were traded out of Sub-basket A.

At 12.15 GMT - As expected no trades in GU as the 2 trades that had been placed were at the time showing a loss. GU was still the best performing phantom. The AU phantom was also a winning phantom but no AU trade was placed.

Again, no trade out of Sub-basket A.

At 13.15 GMT - Again GU the best performing phantom, but the account was showing a loss on the 2 previous trades, therefore as expected no GU trade. But AU phantom was showing a profit - again no trade was made.

A sell EU trade was entered.

At 14.15 GMT a further sell EU trade was entered. Again the 2 GU trades were still in a loss situation and so no GU trade. But AU phantom was showing a profit, but again no trade was made.

At 14.16 GMT, Stop after no trades was changed to True, PP was reduced to 0.2 and MMTU was reduced to 1.3. All these changes appeared not to have reset the phantoms.

I attach a screenshot as of 14.16 GMT. Note that the market watch clock is GMT +1.

It seems to me that the performance of the EA can be enhanced by:-

a) placing trades for a particulat pair provided it is a winner since the phantoms were set, not just being the biggest winner (and provided all previous trades in the pair are in profit). During the course of the day, opportunities were missed in that the EA was not trading the AU pair while it was in profit. These missed opportunities would very likely have resulted in lost basket closures.

b) Conceivably, up to 2 trades in each sub-basket must be allowed to be entered at the designated minute past the hour provided of course they are winning phantoms and the total of all previous trades in the particular pair are in profit. It does not look as if the EA is allowing more than 1 trade out of each sub-basket at a time.

c) Again, can the Phantoms be reset once PP is reached so that the EA can work on the most proximate price information.

d) The screen feedback is a little confusing. Could it be altered to show the true direction of trading - ie that we only trade long GU and EJ pairs and trade short the other pairs.

Roundrock, can you please see if you can incorporate the above suggested enhancements. I think we will be pleasantly surprised as to how quick we can reach basket closure with these changes.
  • #632
  • Jan 26, 2011 9:03am Jan 26, 2011 9:03am
if at 141.96% is the moment you reach Max DD -10%, then it should be ok, in my opinion.

your profit is pretty larger than max DD, even if margin call close all positions, your loss will be limited.

Quoting TheMaxx
Max floating DD: -10.02%
Lowest margin: 141.96%

If any of this looks like it will lead to high risk please let me know.
  • #633
  • Edited 9:33am Jan 26, 2011 9:19am | Edited 9:33am
Quoting Nicastro
Hi Roundrock,

I am reporting on the first day's demo trading on the EA.

The EA was switched on to allow trading at 7.30 GMT.
The first basket opened at 8.15 GMT with a buy GU and a buy EJ. They were both the biggest phantoms at the time.

At 9.15GMT a further GU was added, but nothing from Sub-Basket A.

The basket closed at 9.23GMT having reached PP. My recollection is that on closure of the basket, the phantoms reset automatically - but please correct me if that is not so.

At 10.15GMT a new Basket was opened with a buy GU. At the time...
right now it adds the biggest phantom winner provided all its trades are in profits. do you want this to be changed to add ALL phantom winners provided all their trades are in profit ?

i modified the EA to add ALL winning phantoms provided all their prev trades are in profit. i modified the screen comments

regarding resetting phantoms after PP, i checked the code it does call reset. pl check again
Attached File(s)
File Type: mq4 Phantom6_01xR.mq4   59 KB | 304 downloads
  • #634
  • Jan 26, 2011 9:37am Jan 26, 2011 9:37am
Quoting Nicastro
The idea is to test the EA at the extremes and work inwards
In this case you should know I am testing Phantom6_01a with these settings (among others):

MMTU = 0.5
PP = 5.000 (yes, 5%)
Starting balance: $10,000
Use lots: 0.10

Actually it shows:
Max floating DD: -6.70%
Lowest margin: 241,98%
Last Flat Balance: 12,257.44
Open Buys: 10
Open Sells: 18

It is working since 8 days only and it reached a prospectic monthly return of +103.9%, while I am writing.

Here it is the live statement: http://www.mt4i.com/users/achab-base2b5000/stats

I am also testing (with others same settings) PP = 4.000, 3.000, 2.000, 1.500, 1.250, 1.000, 0.750, 0.500, 0.375, 0.250, 0.200, 0.150, 0.100, 0.050, 0.010 and 0.005.

For the other statements just substitute the last for digits (i. e. "5000" with "1250").

/achab
  • #635
  • Jan 26, 2011 10:06am Jan 26, 2011 10:06am
Quoting achab
In this case you should know I am testing Phantom6_01a with these settings (among others):
Quick question Achab - what is your logic in choosing Phantom6_01a over Phantom6_01? How does the 8 hour reset affect performance?
  • #636
  • Jan 26, 2011 10:26am Jan 26, 2011 10:26am
Quoting roundrock

...............

i modified the EA to add ALL winning phantoms provided all their prev trades are in profit. i modified the screen comments

regarding resetting phantoms after PP, i checked the code it does call reset. pl check again

Thanks Roundrock.

That is precisely what I wanted.

I have downloaded the amended EA and will start demo trading tomorrow at London Open. I only propose trading during the most active period and thus close down by 15.00 GMT.

I willcheck again on the resetting of phantoms point tomorrow.

The EA closed its second basket today at 14.48 GMT.

Thanks for all your efforts and the timely response.
  • #637
  • Jan 26, 2011 10:35am Jan 26, 2011 10:35am
Quoting Nicastro
Thanks Roundrock.

That is precisely what I wanted.

I have downloaded the amended EA and will start demo trading tomorrow at London Open. I only propose trading during the most active period and thus close down by 15.00 GMT.

I willcheck again on the resetting of phantoms point tomorrow.

The EA closed its second basket today at 14.48 GMT.

Thanks for all your efforts and the timely response.
can you mention the settings ? account size, mmtu, pp. you forgot to attach the screenshot in earlier post

i also like to trade during EU and close it. dont want it 24x5. so you got 2 pops today ?
  • #638
  • Jan 26, 2011 10:48am Jan 26, 2011 10:48am
Quoting TheMaxx
Quick question Achab - what is your logic in choosing Phantom6_01a over Phantom6_01? How does the 8 hour reset affect performance?
As first, it's affection, because of many test I already did. Second, even if more risky, it seems to me that the "01a" version is more "profitable" than 1x and 2a, in the sense that it gains more money, averagely.

I also noticed, tell me if I am wrong, that the 2a is safer (less DD) even if "less profitable". That's why I started with testing the 2a and it will be the one I'll use for real trade soon.

Another reason I am still testing the 1a: I am waiting to see when, why and how it will blow up. In fact, after Sunday, I'll change the one that has PP = 0.005 with PP = 9.999, mantaining the MMTU = 0.5.

/achab
  • #639
  • Jan 26, 2011 10:50am Jan 26, 2011 10:50am
Achab - sound logic! Thanks!
  • #640
  • Edited 11:19am Jan 26, 2011 11:04am | Edited 11:19am
Quoting roundrock
can you mention the settings ? account size, mmtu, pp. you forgot to attach the screenshot in earlier post

i also like to trade during EU and close it. dont want it 24x5. so you got 2 pops today ?

Hi Roundrock,

These are the settings:-
Acc. Size = 1140 -since increased to 1153.17 ,
Margin 100:1
MMTU 2.1 for both,
PP of 0.8
Recovery PCT= 10%
Trade Count for Recovery= 8
Recovery Lot Ratio = 1.1
Phantom reset = 8Hrs as default
I will manually set Stop after no Trades to True after 3PM GMT
CLT = False


Yes, I had 2 closures today - but the second basket closure came about after I had reduced the ProfitPct to 0.2 to see if user changes worked while a basket was operating. The changes were actioned!
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