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Phantom 6 System

  • #781
  • Feb 3, 2011 8:36pm Feb 3, 2011 8:36pm
jcs, this is how it works

during the trading hours it places/closes orders.

at trade closing time, it checks if there are any open trades. if no, then it resets the phantoms and goes to sleep till next day trading start hour. if yes, then doesnt place new orders but will keep trying to close orders if PP is met

now tell us what you have notices
  • #782
  • Feb 3, 2011 9:39pm Feb 3, 2011 9:39pm
Quoting roundrock
jcs, this is how it works

during the trading hours it places/closes orders.

at trade closing time, it checks if there are any open trades. if no, then it resets the phantoms and goes to sleep till next day trading start hour. if yes, then doesnt place new orders but will keep trying to close orders if PP is met

now tell us what you have notices
Thanks Roundrock

I understand the Trading Hours
It is the StopAfterNoTrades I do not understand and how this is related to and possibly affects the TradingHours settings, if at all
Can you please explain this parameter

What I have seen ... I have had new biggest winning trades added to an existing basket after TradingHours finish time

Example, my last closing basket :-
I have TradingHours set to True start hour 5 finish hour 17
I have MinuteCheck set @15
So my last added trade with any open basket should be 16:15, correct ?

In the account history screenshot attached you will see the first basket trade was opened at 15:15, the last added trades were at 17:15, basket closed at 18:12
The 17:15 trades should not have been added, correct ?

I have other instances of baskets where trades are added throughout the ' rest ' period

I am wondering if the StopAfterNoTrades has something to do with this
I have changed this setting to both true and false to try and see what it does, but can't notice any differences
Unfortunately, because I have changed it I do not know which setting it was on when the screenshot trades were placed

Am I missing something ?

Attached Image (click to enlarge)
Click to Enlarge Name: phantom close.gif Size: 64 KB
  • #783
  • Feb 3, 2011 9:45pm Feb 3, 2011 9:45pm
Another example of a basket that opened at 23:15 and closed at 23:46

I dont' think this should have opened at all as it was totally within the ' rest ' period

Attached Image (click to enlarge)
Click to Enlarge Name: phantom close 2.gif Size: 49 KB
  • #784
  • Feb 3, 2011 10:15pm Feb 3, 2011 10:15pm
I was confused by this until I read the code. The comments are accurate.

Any new basket will not be opened in the rest-period, but if a basket is open when the rest period starts, it will keep on adding until closure.

This is apparently intentional.

There is no "do not trade at all no matter what" period, though doing so the time between 5PM New York and 8AM Tokyo may be a candidate for a future enhancement.
  • #785
  • Feb 3, 2011 10:18pm Feb 3, 2011 10:18pm
Quoting TheMaxx
What are people's thoughts on leverage when trading this system? If I run the same EA with the same MMTU, PP, etc settings on two different brokers with different leverage, would it be correct to say that increasing leverage merely increases the speed at which gains and losses are accumulated? So given the choice, I should choose a broker with 400:1 over 50:1, right?
I had two identical phantom6_01x that I ran for three months. One was at 100:1 and the other 50:1.

100:1- 14.5% gain, 10.5% max DD
50:1 - 12.1% gain, 5.65% max DD

I would think at higher leverage both the gain and max DD would go higher. All depends on your tolerance. I prefer to stay with 50:1. But then again, Im an American and prefer to use a U.S broker so I have no choice anyway.
  • #786
  • Feb 3, 2011 10:26pm Feb 3, 2011 10:26pm
Quoting mbkennel
I was confused by this until I read the code. The comments are accurate.

Any new basket will not be opened in the rest-period, but if a basket is open when the rest period starts, it will keep on adding until closure.

This is apparently intentional.

There is no "do not trade at all no matter what" period, though doing so the time between 5PM New York and 8AM Tokyo may be a candidate for a future enhancement.
So my second example of a new basket opening within the rest period should not have happened

Are you able to comment on what the StopAftreNoTrades parameter is supposed to do ?

Thanks
  • #787
  • Feb 3, 2011 10:32pm Feb 3, 2011 10:32pm
Yes, that 2nd appears to be erroneous. Given that it is 23:45 (right before midnight) I wonder if there is some related date-handling bug.

I have been testing an EA which opens on the hour (classic method) and it seems to work right.
  • #788
  • Feb 3, 2011 10:39pm Feb 3, 2011 10:39pm
Quoting jcs
So my second example of a new basket opening within the rest period should not have happened

Are you able to comment on what the StopAftreNoTrades parameter is supposed to do ?

Thanks
StopAfterNoTrades if set to "true", will not open a new basket after your current basket reaches its PP and closes. Set to "false" the EA will continue to run and open a new basket right after the current one closes.
It has nothing to do with trading hours. In other words it just tells the EA if its ok or not to open a new basket when this one closes.

Hope I explained that right.
  • #789
  • Feb 3, 2011 10:40pm Feb 3, 2011 10:40pm
Quoting thorn
StopAfterNoTrades if set to "true", will not open a new basket after your current basket reaches its PP and closes. Set to "false" the EA will continue to run and open a new basket right after the current one closes.
It has nothing to do with trading hours. In other words it just tells the EA if its ok or not to open a new basket when this one closes.

Hope I explained that right.
Excellent, thank you
  • #790
  • Feb 3, 2011 10:48pm Feb 3, 2011 10:48pm
Quoting thorn
StopAfterNoTrades if set to "true", will not open a new basket after your current basket reaches its PP and closes. Set to "false" the EA will continue to run and open a new basket right after the current one closes.
It has nothing to do with trading hours. In other words it just tells the EA if its ok or not to open a new basket when this one closes.

Hope I explained that right.
That is correct. StopAfterNoTrades was designed primarily to allow you to stop the EA when it is flat (no trades open) to withdraw or add funds.
Frazer
  • #791
  • Feb 3, 2011 11:31pm Feb 3, 2011 11:31pm
Good morning!

I am learning coder and currently writing ea which is similar to phantom strategy. I would like to share my strategy...

1. Ea open winning pairs at a interval of 60 min. (same as current eas)
2. Closing basket after achieving PP.
3. After closing basket it immediately reopens only winning pairs from the previous basket. And add new winning pairs to this basket at a interval of 60min. So it minimize time to close next basket.

Now I am working on PP and CL options. The worse condition happen when this EA faces 3-4 cut losser. And in this condition it take more time to recover around 15-20hrs. And in that period it may cut more CL. Hence more DD and the EA will stuck.

So here comes an idea of partial recovery.
ie after closing CL if the floating profit equal to PP then ea will close that basket and reopens only winning pair from existing basket.
Suppose for $500 account (PP=1 MMTU=0.4 CL=2) if ea cut losser four times then then DD will be -$40. and has to recover $45 to close basket. So in this condition if floating profit is $5 ea will close basket and reopen only winning pair. so EA has to recover $35. So it will recover in steps and will take less time.

I am currently coding this. But experience coder please help to code this strategy.
  • #792
  • Feb 4, 2011 12:13am Feb 4, 2011 12:13am
I read every post in this thread and didn't see any feedback on the minimum suggested account size and tested settings for the
Phantom add 6 02a using 50:1.
Also my account minimum lot size is .1 or $10,000.
Could someone please help me out?

Thanks everyone.
  • #793
  • Edited 2:07am Feb 4, 2011 1:58am | Edited 2:07am
Quoting roundrock
here is an example

lets say RR trades this new idea and SS trades the existing idea

both start at same time. starting capital is 10000$. PP 1%

SS places orders. RR doesnt.

SS places orders. RR doesnt

SS places orders. RR doesnt

SS is in DD of 300$. Now RR enters these orders at current market prices. SS current equity is 9700 and RR current equity is 10000.

market comes back and SS reaches PP 1%. Gains 1%. current balance 10100

RR will close at same time as SS but will have account balance 10400.

-----

the idea is maintain...

The more I think about this, the more I am eager to start testing
  • #794
  • Feb 4, 2011 2:05am Feb 4, 2011 2:05am
Quoting jcs
This is excellent
Do you have a statement and set file please ?

Have you any information regarding your max DD, lowest Margin Level etc as this is important to understand what " emotional pain " had to be endured to obtain the result
This was on an IBFX 50:1 demo. It ran untouched - I haven't closed anything. Please note that there are 67!!! open trades at the moment.

All info is attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Phantom6_01.JPG Size: 179 KB
Attached File(s)
File Type: zip DetailedStatement.zip   35 KB | 309 downloads
  • #795
  • Feb 4, 2011 6:10am Feb 4, 2011 6:10am
For a moment lets forget about how its done today. Just think what is needed if i am trading within some hours

1. my phantoms calculations must be started just 1 hour (configurable) ahead of my FIRST trade. That means my trading start hour is 8 and check munite is 15. my possible first trade would be at 8:15, so phantom calculation must start at 7:15. So pahntoms must be reset at 7:15

2. once trading starts, let it run

3. at trading finish time, check if any open trades. If no, close the EA and go to sleep mode. If yes, give an option to user to close the existing basket if its in profit. If user wants to close the basket, close it. If required take the percentage as input. that means if PP is above minium 0.3% then only close. If its not meeting this requirement, then ask user, does he want to keep adding new orders to the basket. if no, dont do any thing. if yes, keep adding new orders. but neven open new basket


i think more and more people are finding this trading in EU session is giving god results, so proper session management (as above) is required

i can code if there's interest
  • #796
  • Feb 4, 2011 6:32am Feb 4, 2011 6:32am
Quoting roundrock
For a moment lets forget about how its done today. Just think what is needed if i am trading within some hours

1. my phantoms calculations must be started just 1 hour (configurable) ahead of my FIRST trade. That means my trading start hour is 8 and check munite is 15. my possible first trade would be at 8:15, so phantom calculation must start at 7:15. So pahntoms must be reset at 7:15

2. once trading starts, let it run

3. at trading finish time, check if any open trades. If no, close the EA and go to sleep mode. If yes, give an option to user...
YES PLEASE. THIS IS PRECISELY WHAT IS NEEDED. Can you please also code for an alternate MMTU for any trades that the EA makes post trading Closing hours - which would then default to the usual MMTU applicable after Trade Opening hours.
  • #797
  • Feb 4, 2011 6:38am Feb 4, 2011 6:38am
so you want to use one MMTU during trading session and another after that ? does it not imbalance the basket ? what if we have 3 trades of 1 lot each at closure and i change MMTU such a way new trade has lot size 2 ? is it intentional ?
  • #798
  • Feb 4, 2011 9:41am Feb 4, 2011 9:41am
Hi Everyone.
Please let me say that I really appreciate the effort and group interest you all share in seeing through the creation of an EA that really performs. It is refreshing to read these efforts.

Having said that.... I am a 3 year swing trader looking for a solid EA to trade while I am away.
This EA has my attention.

I have it setup and ttrading on a 50:1 mini account (demo).
The smallest lot size allowed is .1
Account balance is 3,000 usd
Start hours were disabled
Due to the .1 lot restriction I HAD to set the margin to .7
PP is at .3

The EA with this setup has lost 21 consecutive trades. It has 3 open trades now which are in profit. Am I headed in the right direction? It seems llike I have botched settings somewhere.

Any assitance will be greatly appreciated all.....
Thanks,
Mike
  • #799
  • Feb 4, 2011 9:48am Feb 4, 2011 9:48am
Just had a basket closure, so ea now shut down for weekend


Method - Post 740

Settings

Alpari UK 500:1 standard account ( 0.01 min lot size - $3,000 starting balance )

Phantom6_01xR
Check Minute 15
Recovery False
Cut Loser Trades False
Trading Hours True ... start 5 finish 17
MMTU 2
ProfitPct 1


Current Results

8 x 12 hour trading sessions

Closed Baskets 38
Account Profit 53%


I will continue to post updated results in the hope some capable and willing coder will modify the ea for this strategy in order it can be more intensively tested ( manual testing on a one hour system 12 plus hours every day on multiple accounts is not easy )
  • #800
  • Feb 4, 2011 10:15am Feb 4, 2011 10:15am
Experience trader...please comment on this strategy #791

I am stuck in coding. But still trying my level best.
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