Phantom 6 System | Page 34 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Jag's Phantom 6 System 295 replies

Phantom 6 - Manual System 8 replies

Phantom Entry on ODL Japan. 2 replies

Tradeview CAD/JPY "Phantom" spike 0 replies

Phantom high, phantom low 0 replies

Attachments: Phantom 6 System
Exit Attachments

Phantom 6 System

  • #661
  • Jan 27, 2011 9:00pm Jan 27, 2011 9:00pm
Roundrock

Can Nicastro’s suggestion on restricting the hours when new trades are allowed to be opened be automated please
With ‘ StopAfterNoTrades ‘ set to true can we have additional user parameters to set hours to stop and start this feature and also to reduce the ProfitPct during these hours

Thanks
  • #662
  • Jan 27, 2011 9:59pm Jan 27, 2011 9:59pm
I apologize for the silly question, but the thread has gotten quite large.

Yes I have tried to read through much of it, but I still can't figure out what is the "X factor" which distinguishes the various versions with "X" from those without.

As one might guess, the name is not descriptive.

Can somebody describe it concretely?

many thanks
  • #663
  • Jan 27, 2011 10:19pm Jan 27, 2011 10:19pm
for 3500$ account lotsize 0.33 is very very aggressive

i wouldnt recommend more than 0.05
  • #664
  • Jan 27, 2011 10:22pm Jan 27, 2011 10:22pm
Quoting mbkennel
I apologize for the silly question, but the thread has gotten quite large.

Yes I have tried to read through much of it, but I still can't figure out what is the "X factor" which distinguishes the various versions with "X" from those without.

As one might guess, the name is not descriptive.

Can somebody describe it concretely?

many thanks
I believe the name came from a mod added to a phantom06 EA and the "x" was just used to identify the mod ie, phantom6_01x.

What the x factor is: The EA will not take a trade unless any other open trades for that pair are already in profit.

If you look in the "add to winning trades" section of the EA and you see the line AllSymbolTradesInProfit then it has the "x" factor.
  • #665
  • Edited 10:58pm Jan 27, 2011 10:41pm | Edited 10:58pm
Quoting roundrock
for 3500$ account lotsize 0.33 is very very aggressive

i wouldnt recommend more than 0.05
Agree entirely, but just following Nicastro's theme of testing extremes first ... and of course the 500:1 was not expected when I first set the parameters
  • #666
  • Jan 27, 2011 11:28pm Jan 27, 2011 11:28pm
following Thorn's accurate explanation, "PipStep" was introduced after this "X" factor, so that all the current positions of a pair have to be more than "PipStep" (an integer of pips) of floating profit before the EA can place another new position.

my experiences (2 months) gives me a feeling that "X" is definitely needed, "PipStep" enables you to quantify the risk appetite. However, "PipStep" should not be too large. 6~10 pips (4 digit broker) seems a good range.

finally, my personal feeling is that Addsix_02a is best(safer) version. but its entry logic needs some revision.

the original entry is: if a pair is best pair of 7 buy (or sell) phantoms;
my suggested change is: if a pair is ( best of 7 phantoms AND all previous pos of this pair in positive )

it should reduce DD, more importantly, reduce exposure.

just FYI.

i know this seems weird, but a coder can understand it...

Quoting mbkennel
I apologize for the silly question, but the thread has gotten quite large.

Yes I have tried to read through much of it, but I still can't figure out what is the "X factor" which distinguishes the various versions with "X" from those without.

As one might guess, the name is not descriptive.

Can somebody describe it concretely?

many thanks
  • #667
  • Jan 27, 2011 11:44pm Jan 27, 2011 11:44pm
Quoting charvo
finally, my personal feeling is that Addsix_02a is best(safer) version. but its entry logic needs some revision.

the original entry is: if a pair is best pair of 7 buy (or sell) phantoms;
my suggested change is: if a pair is ( best of 7 phantoms AND all previous pos of this pair in positive )

it should reduce DD, more importantly, reduce exposure.
AddSix 2ax is also coded but not tested by anyone extensively.
"Put all your efforts in becoming effortless"
  • #668
  • Jan 28, 2011 1:28am Jan 28, 2011 1:28am
If you look at the screenshot of my current 500:1 basket, it is sorted by symbol to make it easy to see how many trades there are in each pair
( because recovery is set to true for testing here there are a couple of hedge trades in there )
I know this is an extreme test as far as MMTU etc, but just ignore that here and concentrate on the pairs and Margin

the Margin Level is at 175%
I will get a margin call at 100% and with this broker ( Alpari UK ) they will close ALL my losing trades .... not the best broker to run this ea with
OK, if this happens I will not lose the whole account, just all profits and a slice of balance

As it is now the Balance is fine, Equity is not dangerously depleted, Free Margin is available .... overall account is not yet in any real danger , EXCEPT because of the Margin Level %
I have said before I believe to make these ea’s safer and prolong the amount of time we have for it to do it’s thing we need to preserve the margin % level ( my original post 567 )

There are only 17 trades open ( discount hedge trades ), I think we have all experienced baskets with 30,40,and many more in play at any one time
Even with this small amount of trades there are open positions in all the 6 pairs, more in some than others

Firstly, do we need all these trades to produce the reletively small ‘ pop’ we need to reach the profit target ?
Many of the basket we close do so with only a small number of trades
If you look at the trades with the same symbol pairs there are instances where there is a profit and a loss trade
If you look at all trades there are more instances of one in profit and another in loss

If we agree we don’t need 30 or 40 trades to get the ‘pop’ why not reduce them when there is opportunity .... cut 2 trades when one is in profit and one in loss, ensuring a slightly higher profit, so we are always adding to the balance
I had thought originally cutting from the same symbol made sense, but having watched how this would work I now think there will be far more opportunities if we cut from any pair symbol

This way the account balance always remains proportional and increases slightly but Margin Level is replenished to ensure we do not get the margin call and ensure we have margin for adding further biggest winning trades which because they are currently strong we expect to contribute most towards the ‘ pop ‘
If they don’t they may become trades to cut at a later stage

An optimum overall number of trades open, or some other controlling factor, to determine when cutting should start will have to be found and likely other factors such as how many trades from each pair symbol need to be open before cutting etc etc

I know there are people on this forum with far more analytical and strategic skill than me ....... I would ask they consider this seriously and suggest a way this may be coded

I can’t get away from the fact the Margin Level has to be protected
If someone can give me a good reason why this does not make sense or the logic is flawed I will forget it immediately

Attached Image (click to enlarge)
Click to Enlarge Name: phantom6_01xr shot 1.gif Size: 64 KB
  • #669
  • Edited 3:59am Jan 28, 2011 1:43am | Edited 3:59am
Quoting jcs
No closures whilst I have been asleep
Rather than try to explain what did or did not happen I attach a screenshot of the open trades at this time
The last basket has just closed, with a 18 $ loss ? ..... EDIT This may well be due to movement in price during time period needed to close all trades, at this lot level it only needs a few pips iether way to make a big difference ... is there no way to close out trades quicker, or is this just another MT4 limitation ?

I attach screenshot of closed trades so you may analyse

Nicastro .... Has this done what you intended ?
Please let us have your analysis

Attached Image (click to enlarge)
Click to Enlarge Name: phantom close.gif Size: 86 KB
  • #670
  • Jan 28, 2011 2:06am Jan 28, 2011 2:06am
Quoting jcs
Roundrock

Can Nicastro’s suggestion on restricting the hours when new trades are allowed to be opened be automated please
With ‘ StopAfterNoTrades ‘ set to true can we have additional user parameters to set hours to stop and start this feature and also to reduce the ProfitPct during these hours

Thanks
Roundrock,

I think his should be implemented. Howerver, the existing basket should be allowed to add further trades. When PP is reached, no new basket is to be openend until after the trade window opens again.

One other point, when I opened the terminal this AM I noticed that the EA immediately opened a second recoverry trade for EU. A recovery trade was already in place for the pair from the previous day.

Can you please alter the code so that:-
1) Only ONE recovery trade can ever be open for any particular pair
2) ALL PAIRS are capable of having ONE recovery trade open.
  • #671
  • Jan 28, 2011 4:46am Jan 28, 2011 4:46am
Quoting roundrock
for 3500$ account lotsize 0.33 is very very aggressive

i wouldnt recommend more than 0.05
I thought that "SetLotSize()" in the code automatically set the lotsize and it wasn't changeable? Have I missed something? I thought it would automatically increase your lotsize as the account grew?
  • #672
  • Jan 28, 2011 4:54am Jan 28, 2011 4:54am
Quoting TheMaxx
I thought that "SetLotSize()" in the code automatically set the lotsize and it wasn't changeable? Have I missed something? I thought it would automatically increase your lotsize as the account grew?
Lot size is set automatically dependent upon MMTU settings and increase as the account balance increases

I was using very aggressive MMTU ( 2 ) in this test, so it set large ( relative ) lot sizes
  • #673
  • Jan 28, 2011 4:56am Jan 28, 2011 4:56am
Quoting jcs
is there no way to close out trades quicker, or is this just another MT4 limitation ?
MetaCoder says that "broker's servers do not respond to trading actions that are programatically requested more than once per second"

Here:
http://www.forexfactory.com/showpost...postcount=2020
  • #674
  • Jan 28, 2011 4:57am Jan 28, 2011 4:57am
Quoting jcs
Lot size is set automatically dependent upon MMTU settings and increase as the account balance increases

I was using very aggressive MMTU ( 2 ) in this test, so it set large ( relative ) lot sizes
That makes perfect sense thank you very much.
  • #675
  • Jan 28, 2011 4:59am Jan 28, 2011 4:59am
[quote=jcs;4351841]The last basket has just closed,
Nicastro .... Has this done what you intended ?
Please let us have your analysis [quote]

Nicastro

Did the ea work as expected regarding recovery ?
Is there any analytical reason you set recovery trades at 8 or is this just a starting point, just curious
  • #676
  • Edited 5:07am Jan 28, 2011 5:07am | Edited 5:07am
[quote=jcs;4352474][quote=jcs;4351841]The last basket has just closed,
Nicastro .... Has this done what you intended ?
Please let us have your analysis
Quote

Nicastro

Did the ea work as expected regarding recovery ?
Is there any analytical reason you set recovery trades at 8 or is this just a starting point, just curious

Hi JCS

You raise valid points that i willdeal with fully over the week-end
  • #677
  • Jan 28, 2011 6:00am Jan 28, 2011 6:00am
You could use the AddSix 03bx EA to do that. Just turn off the pip step and close biggest loser features and I think you'll have what you want.
Quoting charvo
following Thorn's accurate explanation, "PipStep" was introduced after this "X" factor, so that all the current positions of a pair have to be more than "PipStep" (an integer of pips) of floating profit before the EA can place another new position.

my experiences (2 months) gives me a feeling that "X" is definitely needed, "PipStep" enables you to quantify the risk appetite....
  • #678
  • Jan 28, 2011 6:07am Jan 28, 2011 6:07am
Quoting charvo
following Thorn's accurate explanation, "PipStep" was introduced after this "X" factor, so that all the current positions of a pair have to be more than "PipStep" (an integer of pips) of floating profit before the EA can place another new position.

my experiences (2 months) gives me a feeling that "X" is definitely needed, "PipStep" enables you to quantify the risk appetite....
I thank you for the full clarification.

I can also add that there are different versions, such as the "Close Loser" (CL), the "Trading Hours" (TH) and the "Pip Step" (PS). The first closes "any loser trade that exceeds -CloseLoserMultiplier (CLM)*Dollar Profit Target", the second is used in the case you want to limitate the trading hours and the third "only open new trades of the same pair if it is PipStep pips above the last trade of that pair", as already written here from "frazerd".

On this page (http://www.forexfactory.com/showpost.php?p=4237873) it's possible to find, among others, the "2ax" version and the "3ax" too (talking about the "X" factor).
Now, my question is: what is(are) the difference(s) between the "2ax" and "3ax" version?

Thanks in advance to whom will clarify this to me.
/achab

P.S.: Since yesterday evening I started to stress the "2a" version of the EA. This is the setting:

ResetHourInterval=8
UserTradingAllowed=1
StopAfterNoTrades=0
UseSmallestLot=0
MaxMarginToUse=3.00000000
Lots=15.00000000
ProfitPct=2.50000000
MaxMiniProfit=1000.00000000
MaxStdProfit=10000.00000000
MagicNumber=1001033

It's closing the baskets (3) in 5-6 hours. Amazing results that can be reached here: http://www.mt4i.com/users/achab3/stats.
  • #679
  • Edited 10:53am Jan 28, 2011 10:27am | Edited 10:53am
Hi All,

Reporting on 28 Jan 11.

Account No 1
Largest Floating loss $138 [Edit: and I expect this to drift out to market closure]
DD -11.2%
Current margin 231%
Lowest margin 228%
PP 0.8
MMTU 2.1
Leverage 100:1

Trades Open = 17
Basket opened: 12.15 GMT on 27/01/11
Basket Still Open – and will remain so to market close (unless it reaches PP in the meantime) so we can see how it handles the open on Sunday night.
Stop After no Trades switched to TRUE at 12.00 GMT


Given what JCS was reporting, I put another instance of the EA on an old Alpari demo Account. Account no.2 details as follows:-

Account No 2
Leverage 500:1
PP 0.8
MMTU 2.1
Trades opened: 10
1 Basket opened 8.15 GMT and closed at 11.32 GMT
Stop After no Trades switched to TRUE at 12.00 GMT therefore no more trades on this account till Monday.
For some reason the EA does not show Largest Floating Loss or , Floating DD. It reports the lowests Margin at 502%
  • #680
  • Jan 28, 2011 10:44am Jan 28, 2011 10:44am
Quoting achab
My test is running here, if interested: http://www.mt4i.com/users/achab-phantom6_01xr

Unfotunately there are some differences with open lots (0.10 old, 0.40 new), because I changed the settings while the EA was running. Let's see if it will recover the unusual situation.

New settings:
Acc. Size = 10000,
Margin 200:1
MMTU 2.1 for both,
PP of 0.8
Recovery PCT= 10%
Trade Count for Recovery= 5
Recovery Lot Ratio = 1.1
Phantom reset = 8Hrs
CLT = False

I will leave the EA goes on.

/achab
Looks fine so far achab. At this pace it will beat any type of return available elsewhere.
Lets see how it continues to perform
7 traders viewing now