DislikedIn one day of testing (using a nonstandard basket choice), I had the luck of seeing the 'normal' and the 'mirror' both lose quite effectively.Ignored
"Put all your efforts in becoming effortless"
- #862
- Edited Feb 8, 2011 2:31am Feb 7, 2011 11:24pm | Edited Feb 8, 2011 2:31am
It does NOT mean that whenever the original EA would do a buy the mirror should do a sell.
This whole issue can get very complex, but I will throw out the following for debate / correction etc ..... don't shoot me, I am not saying anything will or will not work, just theorising
I think what everyone is seeing with the normal Phantom is a basket of trades that develops into DD with negative equity and $ amounts and thinking good grief if only we had sold eurusd instead of buying it ( same with the other symbols ) we could have booked a nice profit
And we have all seen this happen many many times before, with large DD and $ sums involved before an eventual recovery happens
To take advantage of this does simply require a mirror ea that takes the opposite position of the original ... but it will only be of use one time in the course of a normal phantom ea cycle, and it has concequences if the trade direction does not go as we expect
Eg, we start the normal and mirror at the same time, they take opposite trades, normal goes into DD, mirror goes into profit, we close the mirror at a predetermined profit level ... we must now leave the mirror dormant until the normal basket has closed
If we continue trading the mirror immediately after a take profit it will start taking the new trades generated from that point only and will no longer reflect a mirror of the overall normal ea basket
We expect the normal ea to do its thing and recover to a profit also, at which point we start both ea's again and repeat
So we double the overall risk to get 2 small profitable trades each cycle
It would be sensible and necessary to gain an advantage I believe to have the mirror ea target a much larger PP than the normal ea, to try and capture the larger DD situations, and have a breakeven set itself at some $ profit level as protection against the expected reversal
Now the difficult part
What if the normal ea does not go into DD but after opening a few trades without much movement in either direction produces the pop and closes
Because there has not been sufficient DD to have the mirror set a breakeven it is now in DD and with negative equity and $ amounts
So we now trade out the mirror basket to a conclusion, but would we now have to leave the normal ea dormant ?
The question seems to be will ( and do you believe ) a mirror basket performs in the same manner as a normal basket if left to generate its own add on trades from its own reverse logic internal coding, and is capable of recovery to produce a profitablable result
As all symbols go both up and down it may be reasonable to say it will recover at some point
If we believe it will, then are we not just saying the logic of the normal ea is not dependant upon adding the biggest winner only, but also works with adding the biggest loser ....... and if so could we not simply trade the 2 ea's independantly expecting a positive outcome from both eventually
Again twice the risk for twice the small profit, so is it worth it ?
I don't think this can be answered by discussion etc, but only by extensive testing, the possible permutations are too large and complicated .... EDIT, and probably a good reason to concentrate on the normal ea's we have and work to finding a more palatable way of trading it in a live situation
EDIT ...... Rounrock's idea ( post 767 ) is also trying to benefit from the DD situation of a normal phantom
I am inclined to think Roundrocks idea would be better to persue and try to find a working solution for, simply because it uses the existing phantom and hence the logic which we know seems to work with appropriate manual intervention
- #865
- Feb 8, 2011 3:54am Feb 8, 2011 3:54am
- | Joined Jul 2009 | Status: Trade. Review. Improve | 1,018 Posts
- #868
- Feb 8, 2011 6:30am Feb 8, 2011 6:30am
- | Joined Jul 2009 | Status: Trade. Review. Improve | 1,018 Posts
- #870
- Feb 8, 2011 7:23am Feb 8, 2011 7:23am
- | Joined Jul 2009 | Status: Trade. Review. Improve | 1,018 Posts
Hahah you're 10 steps ahead of me!!!
So, are the settings correct, as you wanted?
/achab
P.S.: The EA has already opened (14:25 my time) the first position; target profit is $187.50 and floating P/L is +67 Eur.... Ops... -37 now.
- #874
- Feb 8, 2011 8:55am Feb 8, 2011 8:55am
- | Joined Jul 2009 | Status: Trade. Review. Improve | 1,018 Posts
Thanks. But I like this environment, frankly speaking; it means it's really easy and intriguing for me.
So, are the settings correct, as you wanted?
/achab
P.S.: The EA has already opened (14:25 my time) the first position; target profit is $187.50 and floating P/L is +67 Eur.... Ops... -37 now.
- #876
- Feb 8, 2011 10:59am Feb 8, 2011 10:59am
- | Joined Jul 2009 | Status: Trade. Review. Improve | 1,018 Posts
- #878
- Feb 8, 2011 11:24am Feb 8, 2011 11:24am
- | Joined Jul 2009 | Status: Trade. Review. Improve | 1,018 Posts
