Dislikedthanks xxl good to know
IBFX 50:1 demo running untouched since 12 Dec. Phantom6_01.mq4 from the 1st post in the thread. Full statement and settings file attached.Ignored

Jag's Phantom 6 System 295 replies
Phantom 6 - Manual System 8 replies
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Dislikedthanks xxl good to know
IBFX 50:1 demo running untouched since 12 Dec. Phantom6_01.mq4 from the 1st post in the thread. Full statement and settings file attached.Ignored
Disliked........ the key is to have low lotsize and high account size. in this case 0.01 lot for 3k account.Ignored
DislikedBut it now has me asking is this very profitable test ( so far ) a result of just pure luck, in that the ea has not had to deal with an extended DDIgnored
Dislikedtwo outcomes:
1. reach x% profit, and a basket is closed (of coz, small x% means fast closure and vice versa).
2. reach death basket that consumes all margin, and you either have to close biggest loser early or close all finally.Ignored
DislikedIn point no 2 you are of course assuming the account runs out of margin
The very test I am doing is to try and prevent that very senario .... it may fail to work of course like most thingsIgnored
Dislikedi fixed the use trading hours issue. you can specify the phantom start time, trading start time , end time. at session close if no trades then it goes to sleep mode till next day session. at session close if there are trades, you have a smaller pp, ea tries to close the existing basket at this smaller PP and after the basket is closed, goes to sleep
times are based on yr broker, pl change. mine is GMT-5Ignored
Now, the question is "how much we would like to gain"?
Yes, I know it's an answer based on how much you have in your balance, but this is the reason why around 90% of Forex investors loose their money.
We have already understood that it's not how much money I want or need, but how much percentage is my target. So, which are your targets in %?
I'd like everyone answers on this, because only after we deside an objective, our tests will have some sense.
Because of the intrinsic method, soul of these EAs, I think that a percentage around 15-20% per month is a target I would try to gain if in live trading. It means an annual average return between 180% and 240%.
And if the EA will blow up? No, I correct myself: "And when the EA will blow up my account?". I will bet on it, in the sense that it shouldn't blow up before the 7th month. It means I will not loose money, but almost all of my gains.
After so many tests and after your suggestions and opinions, I think it is possible.
There is a correlation between MMTU, PP and average monthy/annual gain, and I want to find it before to start live trading "seriuosly".
I wait for your points of view.
/achab
P.S.: I have started my 16th test, this morning. It's about 3 Alpari-UK accounts, with a starting balance of EUR 7,500, Leverage 500:1 with these settings:
http://www.mt4i.com/users/achab-pc-Test-16-A/stats
MMTU=1.1
PP=0.2
Calculates lots: 0.41
http://www.mt4i.com/users/achab-pc-Test-16-B/stats
MMTU=1.1
PP=0.2
Calculates lots: 0.41 (yes, the same settings)
http://www.mt4i.com/users/achab-pc-test-16-c/stats
MMTU=2.0
PP=0.2
Calculates lots: 0.75
The "hight" MMTU setting is wanted, because I believe that a fast closing of a little basket is the best way to make money and to save the margin, well balancing risk and profit.
Two of the three (the first 2 I started in early morning) have already close one basket.
DislikedHi Roundrock.
Thanks for this. Your generosity knows no bounds!
What is happening to coding your idea as set out your post 767. I’m looking forward to testing it.
Of late I have been thinking of ways to emulate JCS’s performance but with a reduced MMTU while keeping Margin at a respectable level of......Ignored
DislikedHello to everyone and good morning.
Because of the market closure, during the weekend I use to think instead of other stuff, here.
I thought about something you wrote here, and I have read it this morning.
First of all, a special thank to "charvo" because his syntetic, complete and clear point of view is the starting point of my post, today.
I agree completely with him because this/these EA(s) will blow up, in future with any setup. The problem is to understand when it will happen: before or after that specific EA has gained 100%?
I make...Ignored
Disliked[size=3][font=Times New Roman][color=black]What is happening to coding your idea as set out your post 767. I’m looking forward to testing it.
here u go !!! pl test, i didnt do lot of testing.. it should workIgnored
DislikedHi Achab,
As someone who has been testing for quite a while now, let me chime in on some of your thoughts.
I demo a 3k account trading .01 lots, so you cant get any more conservative than that. After 3 months my account was up 19%. Last 2 weeks I hit a killer basket that has now brought my equity down to 9%. So lost almost half of profits. This EA has been a shooting star until.... so dont get lulled into a false sense of security by a few good weeks or even a month or 2. By the way I use a profit pct of .30 so I always went for the quick...Ignored