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Phantom 6 System

  • #941
  • Feb 15, 2011 1:29am Feb 15, 2011 1:29am
Quoting thorn
Hi 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...

Hi Thorn,

I think so, it's the norm. Unfortunately.
I share here three examples, my oldest tests still running that can help to understand something, for me, at least.

Around two months ago I started some tests, it was before Christmas and even if I know that it's not recommended to trade during holidays, I started the tests also because of that reason: "If the EAs will not blow up the demo account it will be really positive, giving me the evidence of excellence".

Here you are:

Phantom6_01x
The settings were changed after 2 days (Magic numbers 777113 and 100106), it means that we can cosider the last one that consists in:

Bailout=0
Slippage=3
MiniSize=10000
StdSize=100000
GBPUSDidx=0
USDCHFidx=1
EURJPYidx=2
GBPCHFidx=3
CHFJPYidx=4
EURCHFidx=5
ResetHourInterval=8
UserTradingAllowed=1
StopAfterNoTrades=0
UseSmallestLot=0
MaxMarginToUse=0.50000000
ProfitPct=1.50000000
MaxMiniProfit=1000.00000000
MaxStdProfit=10000.00000000
MagicNumber=100106

As you can see, we can't say that it's "so conservative", on the contrary it's quite aggressive, and the results confirm it:

Monthly return: +19.6%
Total return: 44,3132% (+2,215.66 / 5,000.00)

Here you will find the complete live stats: http://www.mt4i.com/users/achab-phantom6_01x/stats.


The second test I share here is different. It started with Phantom6_01a (Magic number 110001) and it run starting from 2010-12-14 up to 2011-01-19, then I changed it with Phantom_AddSix_02a (Magic number 1100012) up to 2011-01-31 and since February the 1st until today the EA's running is Ph_AddSix_02ax_CL_TH_PS_achab (Magic number 1232523).

The performances of this mix are:
Monthly return: +28.0%
Total return: 63,7998% (+3,189.99 / 5,000.00)

Here you will find the complete live stats: http://www.mt4i.com/users/achab-phantom6_01az1/stats.


Phantom6_01a

This EA has blown up the demo account. But I wanted to share also it because it demostrates that it can work properly for long time (6 weeks in this case).
The MMTU is 0.5 and the PP is 1.5: is this the reason why it blow up? Maybe.
But the main point is that it was able to (almost) double the balance, before to loose all the gain and more (actually Total profit/loss: -3,200.54, including the floating P/L).

That's why I am convinced that if anyone will use it in real, he must withdraw the gains every month. Just in this case, this test demostrates no losses.

Here you will find the complete live stats: http://www.mt4i.com/users/achab-Phantom6_01a/stats.


All these tests were completely untouched since the beguinning. The only manual operations were made because the EA had some problem and didn't close some trades (PC frozen for 2 days while I was on holiday); I did it after only some weeks, when I put my attention on them again. One of those opened position is still running. This should be another proof that these EAs are solid, valid; in other words amazing.

Have a good day.
/achab
  • #942
  • Feb 15, 2011 5:56am Feb 15, 2011 5:56am
Quoting achab
Here it is my morning update:
The Phantom_01xR seems to have an evil into its body: it gains height again, from -50% (yesterday night) up to 12500 (+2500, +25%) plus some positive floating P/L, in this moment.
The other Phantom6_01xR (running on VPS) is still running very fast towards higher profits (+5,192, +51,92% in 36 hours).
In second row we have Phantom_AddSix_02a only VPS because on my PC the second place is taken from Phantom6_01a (+2,650, +26.50%).

Shortly:
Phantom_AddSix_02a results:
VPS, +2,583 (+25,83%), DD -19,73%, Lowest Margin...

The final conclusions of this test #11.


Phantom6_01a

On VPS this EA did close no one basket and you can still see it trying to open some new positions but the margin doesn't allow it to do it.
MMTU=6.00
PP=2.50
Lowest margin: 44.19 (while I am writing: 81.02%)
Max Floating DD: -60.14%
Floating P/L: -2,700 (while I am writing)

I remember that I made a mistake and the account got a leverage of "only" 100:1 (instead of 500:1).
Its stats: http://www.mt4i.com/users/achab-vps-ph6_01a/stats.

On my PC this EA performed very well:
Monthly return: +492.6%
P/L: +8,096.59 (starting from 10,000)
MMTU=6.00
PP=2.50
Lowest margin: 49.55 (while I am writing: 482.54%)
Max Floating DD: -73.60%
Floating P/L: -5,546 (while I am writing)
Its stats: http://www.mt4i.com/users/achab-pc-ph6_01a/stats.


Phantom6_01x

Both VPS and PC accounts have blown up after few days, using same MMTU and PP of other tests.
Here the live stats: http://www.mt4i.com/users/achab-vps-ph6_01x/stats and http://www.mt4i.com/users/achab-pc-ph6_01x/stats.


Phantom6_01xr

Due to a low margin level the VPS EA has a +5,000 opened position but a balance equal to +35.98. Its stats: http://www.mt4i.com/users/achab-vps-ph6_01xr/stats.
On the contrary the PC test is going very well: Monthly return +330.9% with Floating P/L=0 (while I am writing).
Starting from a deposit of 10,000 it gained 6,272.60 in less than 8 days (counting also the weekend).
P/L: +6,272.60 (starting from 10,000)
MMTU=6.00
PP=2.50
Lowest margin: 71.20 (while I am writing: 410.13%)
Max Floating DD: -5.65%
Floating P/L: +346.25 (while I am writing)
Stats here: http://www.mt4i.com/users/achab-pc-ph6_01xr/stats.


Phantom_AddSix_02a

Also here we have opposite results: the PC test has blown up (http://www.mt4i.com/users/achab-pc-ph66_02a/stats) and the VPS test was positive, somehow.

Yes, somehow, because while I am writing the Floating P/L are so deeply negative that Total P/L is negative (-6,677.26) even if the Net Profit is positive (+4,024.44).
Monthly return +490.4% with Floating P/L=-11,443 (while I am writing).
Starting from a deposit of 10,000 it gained 4,024.44 in less than 8 days (counting also the weekend).
P/L: +4,024.44 (starting from 10,000)
MMTU=6.00
PP=2.50
Lowest margin: 35.34 (while I am writing: 41.73%)
Max Floating DD: -83.44%
Floating P/L: -11,240 (while I am writing)
Stats here: http://www.mt4i.com/users/achab-vps-ph66_02a/stats.


Ph_AddSix_02ax_CL_TH_PS (with all parameters off)

The PC test had blown up (http://www.mt4i.com/users/achab-pc-ph66_02axs/stats) but the VPS one was positive (Monthly return +120.5%).
Starting from a deposit of 10,000 it gained 3,015.04 in less than 8 days (counting also the weekend).3
P/L: +3,015.04 (starting from 10,000)
MMTU=6.00
PP=2.50
Lowest margin: 175.38 (while I am writing: 1428.03%)
Max Floating DD: -52.5%
Floating P/L: 0 (while I am writing)
Stats here: http://www.mt4i.com/users/achab-vps-ph66_02axs/stats.


Ph_AddSix_02ax_CL_TH_PS (with all parameters ON)

The last 2 tests were negative because this EA, even if using the Cut Loss, the Time Hour and the PipStep, was able to blow up on both platforms where was running.
Stats here:
VPS: http://www.mt4i.com/users/achab-vps-ph66_02axa/stats
PC: http://www.mt4i.com/users/achab-pc-ph66_02axa/stats


My conclusions

The EA that demostrated more character and less propension to blow up the accounts is Phantom_Add_Six_02a.
The "second place" is given to "Phantom6_01xR because it showed a character, able to survive also when the heart shows a flat electrocardiogram and, at last but not the least, suffers less DD and uses less margin (very good quality).

The next step must be to compare these 2 EAs using "human" settings, because I am sure that the challenge will be very, very interesting.
I propose these settings and I'd like you to vote on them:

  1. MMTU=1.3, PP=0.25
  2. MMTU=2.0, PP=0.20
  3. MMTU=1.1, PP=0.20 (most conservative)


As I already wrote in one of my previous post, these settings should reach a mounth average of around +20%.

/achab

  • #943
  • Edited 6:25am Feb 15, 2011 6:09am | Edited 6:25am
I set up a IBFX 400:1 account this morning with exact same settings as my Alpari 500:1 test ( post 740 )
Both accounts were started with no open basket and at same day start times

During todays trading so far today the 500 leverage account has closed 10 baskets with no margin level below 250%, so no manual cut trades
The 400 leverage account has just closed its first basket with 8 trips to the 250% margin level and hence 8 manual cut trades ( I was only cutting one losing trade at a time with this test )

So what gives ?
If anyone can make any sense of this let me know, cause I am blown if I can
I guess this is where the LUCK element comes in

EDIT ...... Different winning trades opened in each account, so the time the Phantoms reset themselves has clearly alot to do with it
  • #944
  • Feb 15, 2011 7:50am Feb 15, 2011 7:50am
Quoting jcs
I set up a IBFX 400:1 account this morning with exact same settings as my Alpari 500:1 test ( post 740 )
Both accounts were started with no open basket and at same day start times

During todays trading so far today the 500 leverage account has closed 10 baskets with no margin level below 250%, so no manual cut trades
[font=Calibri][size=3]The 400 leverage account has just closed its first basket with 8 trips to the 250% margin level...

Take a look at "charvo" post here: http://www.forexfactory.com/showpost...&postcount=700. I think it will be helpful.

/achab
  • #945
  • Feb 15, 2011 8:14am Feb 15, 2011 8:14am
Quoting achab
Take a look at "charvo" post here: http://www.forexfactory.com/showpost...&postcount=700. I think it will be helpful.

/achab
Nothing to do with different broker feeds etc, the differences in the way the trades have opened is what caused the huge performance difference .... if someone can find a pattern / reason why resetting Phantoms at one time as opposed to another makes such a big difference it might be enlightening

I believe however it is all purely random luck as to how the basket perform overall and it is how those individual baskets are managed that is key
  • #946
  • Feb 15, 2011 8:42am Feb 15, 2011 8:42am
Quoting jcs
Nothing to do with different broker feeds etc, the differences in the way the trades have opened is what caused the huge performance difference .... if someone can find a pattern / reason why resetting Phantoms at one time as opposed to another makes such a big difference it might be enlightening

I believe however it is all purely random luck as to how the basket perform overall and it is how those individual baskets are managed that is key
phantom reset time always is the key. winning phantoms are calculated based on this reference point. how do you know whats the best reference point ? well noone knows. we can easily write the code to reset exactly at SAME time EACH day and then see if that helps. the way current code is written the reset hour is calculated exactly at 0, 8, 16 hours of your broker. if your broker is GMT+1, then u r restting 1 hr ahead of EU.

better approach would be take EU, US, AU open hours as input and reset 1 hour (again input) ahead of these market open hour

also resetting after basket close is not a good idea. why should we lose momentum by resetting phantoms now ? in my view phantoms must be reset just once ahead of each market open (as explained above)

this will bring uniform results for EVERYONE. otherwise each is going to get his own reset time and results differ.

if someone posts a EA thats working well i can do this mod
  • #947
  • Feb 15, 2011 9:01am Feb 15, 2011 9:01am
Quoting roundrock
also resetting after basket close is not a good idea. why should we lose momentum by resetting phantoms now ? in my view phantoms must be reset just once ahead of each market open (as explained above)
RR - I hope I'm not selectively quoting you, but if you believe that we shouldn't reset after a basket close as this will lead to a loss of momentum, wouldn't a reset at the start of each session lead to a similar loss of momentum?

Pete
  • #948
  • Feb 15, 2011 9:07am Feb 15, 2011 9:07am
Quoting TheMaxx
RR - I hope I'm not selectively quoting you, but if you believe that we shouldn't reset after a basket close as this will lead to a loss of momentum, wouldn't a reset at the start of each session lead to a similar loss of momentum?

Pete
thats why i said , 1 hour before market open, so that when we get the first trade we are already into the market and we know first 1 hour is when momentum is built and we want to ride on that

infact , last week i tested 01x by trading only during EU session, it worked well. it takes phantom start hour, market start hour, market end hour.... the first trade is taken exactly 30 min after market open and the phantoms are reset exactly 90 min from first trade. we stop taking trades towards close. i posted a EA here.

so far phantom start hour is NOT given enuf importance as MMTU, PP, DD, Margin...
  • #949
  • Feb 15, 2011 9:20am Feb 15, 2011 9:20am
Quoting roundrock
thats why i said , 1 hour before market open, so that when we get the first trade we are already into the market and we know first 1 hour is when momentum is built and we want to ride on that

infact , last week i tested 01x by trading only during EU session, it worked well. it takes phantom start hour, market start hour, market end hour.... the first trade is taken exactly 30 min after market open and the phantoms are reset exactly 90 min from first trade. we stop taking trades towards close. i posted a EA here.

so far phantom start hour...
If that's the case could you please update Phantom6_01.mq4 at the start of the thread? Since that has the minimum automatic reset features it would make the most sense to update and test.
  • #950
  • Feb 15, 2011 9:59am Feb 15, 2011 9:59am
Hi pals again,

I want to give you my opinion on the mmtu and pp settings, with which I have brought up some small micro accounts to reasonable 30%+ in the last 5 weeks since holiday break.

Using Phantom Addsix 02a untouched
Account : LIVE Micro @Alpari UK
Leverage : 1:500
Starting Balance : 500 EUR
MMTU : 0.1% / UseSmallestLot TRUE
PP : 2%

Account now up more than 30%. It usually has some 10-20 trades before it closes, when GBPCHF goes wild and unparallel to GBPUSD then it can be some more.

20 trades at 0.01 give 0.20 lots total, which is good for a nice 2% PP closure. Thus I had around 15 baskets in 5 weeks, averaging 3 a week or 6%.

This is quite enough and a very satisfying sail in the markets. Floating DD has not been more than 12% / 60 Euro.

Conclusion : High mmtu and low PP are not the way to go in my opinion. Give it time to gather some trades. My rule of thumb would be every 10 open trades I calculate 1% gain. So if it once happens to have 50 trades floating, I would adjust my PP to 5% ... and it works.

At lotsize 0.01 the largest DD I have yet seen on my DEMOS was 250 Euros with settings above. At 0.02 it was 500 Euros ... and so on. 0.02 is the most mmtu I go because of Alpari restrictions. See my other post for that.

So for a 0.1 lots normal account at 1:500 I would NOT trade below at least 10000 Euros balance, better 15000 to go for.

Thus every lotsize OVER 0.1 is NOT applicable for accounts under at least 10k balance. Please note that I ahve no experience with lower leverages like 1:50.

As some said, MMTU is essential, for this EA and everyting in Forex. I have burnt my first 3 accounts not iwlling to learn this, but since 2 years now it has been a very steady upward curve. I see trading for the next 5-10 years to reach my goal ... 1 million euros. Right now I am on path. I usually double my private accouts every 6-9 months.

Enough for now ... we have a winner here. Only thing that burns it is wrong settings imho.

Cheers all for their mindwork, roundrock you are a brave man ...

xxl aka George / Bavaria, Germany
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #951
  • Feb 15, 2011 10:07am Feb 15, 2011 10:07am
The only thing I would wish for my Phantom Addsix 02a is a CutWinners / TakeProfit / BreakEven mod ... can someone do this or have I overseen it ?

I'd like to set BE to each trade over +20 for example. And TP also adjustable, maybe a trailing stop ...
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #952
  • Feb 15, 2011 10:11am Feb 15, 2011 10:11am
thanks for the stats,
so for we pathetic american slaves trading 1:50, we should start with $5000.

this is more conservative than theMaxx's experiences--$3000.

damn, i'll start saving today

Quoting xxl205
Hi pals again,

Using Phantom Addsix 02a untouched
Account : LIVE Micro @Alpari UK
Leverage : 1:500
Starting Balance : 500 EUR
MMTU : 0.1% / UseSmallestLot TRUE
PP : 2%

xxl aka George / Bavaria, Germany
  • #953
  • Feb 15, 2011 11:20am Feb 15, 2011 11:20am
Quoting roundrock
also resetting after basket close is not a good idea. why should we lose momentum by resetting phantoms now ? in my view phantoms must be reset just once ahead of each market open (as explained above)
Sometimes though the profit gets taken on an extreme fluctuation and resetting there might mean you can get the snapback as well.

I'm not sure about it either.

If I had to choose one point to reset, it would be 5 AM London time. (GMT in winter and GMT+1 in summer).
  • #954
  • Feb 15, 2011 11:30am Feb 15, 2011 11:30am
Quoting xxl205
Hi pals again,

I want to give you my opinion on the mmtu and pp settings, with which I have brought up some small micro accounts to reasonable 30%+ in the last 5 weeks since holiday break.

Using Phantom Addsix 02a untouched
Account : LIVE Micro @Alpari UK
Leverage : 1:500
Starting Balance : 500 EUR
MMTU : 0.1% / UseSmallestLot TRUE
PP : 2%

Account now up more than 30%. It usually has some 10-20 trades before it closes, when GBPCHF goes wild and unparallel to GBPUSD then it can be some more.

20 trades at 0.01 give 0.20 lots total, which is...
Hi.. thanx for very encouraging words.
Will you please share the exact version of ea you are talking about and also other setting ie Cut losser, Pipstep.
  • #955
  • Feb 15, 2011 3:24pm Feb 15, 2011 3:24pm
Quoting Password
Hi.. thanx for very encouraging words.
Will you please share the exact version of ea you are talking about and also other setting ie Cut losser, Pipstep.
Hi Password,

the exact version(s) have been

Phantom6_01a from 10th January until 4th February.

All standard settings BUT :
UseSmallestLot TRUE
ProfitPct 2.0

Then I saw this EA opening up a lot of trades, highest was 60. I then decided to go more conservative with

Phantom_Addsix_02a from 07th February until now as I am writing

All standard settings BUT :
UseSmallestLot TRUE
ProfitPct 2.0

So no magic around here as this is an account I manage for a friend, we had been discussing the MMTU issue, thus he gave me green lights for establishing the addsix 02a as it diversifies the trades a bit more ... you surely know about it.

xxl
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #956
  • Feb 15, 2011 9:51pm Feb 15, 2011 9:51pm
Quoting xxl205
Hi Password,

the exact version(s) have been

Phantom6_01a from 10th January until 4th February.

All standard settings BUT :
UseSmallestLot TRUE
ProfitPct 2.0

Then I saw this EA opening up a lot of trades, highest was 60. I then decided to go more conservative with

Phantom_Addsix_02a from 07th February until now as I am writing

All standard settings BUT :
UseSmallestLot TRUE
ProfitPct 2.0

So no magic around here as this is an account I manage for a friend, we had been discussing the MMTU issue, thus he gave me green lights for establishing...
Hey xxl,
sorry but I am not getting you.. currently you are testing which ea 'Phantom6_01a' or 'Phantom_Addsix_02'?

Well I am testing Ph_AddSix_03bx_CL_TH_PS from last 2-3 months. But I am not satisfied with its performance. I checked many combination of its parameter. Its performs well for first 2-3 baskets and then it revolve around break even because of CL.

So I want to ask is there any significant diff between 'Ph_AddSix_03bx_CL_TH_PS' and 'Phantom_Addsix_02'?
Should I switch to it?
  • #957
  • Feb 15, 2011 11:23pm Feb 15, 2011 11:23pm
Quoting mbkennel
Sometimes though the profit gets taken on an extreme fluctuation and resetting there might mean you can get the snapback as well.

I'm not sure about it either.

If I had to choose one point to reset, it would be 5 AM London time. (GMT in winter and GMT+1 in summer).
Hi MBKennel,

Why 5 AM GMT?
Why not 7 AM on the European Open?
  • #958
  • Feb 16, 2011 12:08am Feb 16, 2011 12:08am
Quoting roundrock

also resetting after basket close is not a good idea. why should we lose momentum by resetting phantoms now ? in my view phantoms must be reset just once ahead of each market open (as explained above)

this will bring uniform results for EVERYONE. otherwise each is going to get his own reset time and results differ.

if someone posts a EA thats working well i can do this mod
This has been my thinking too.
As per results of xxl205 or some success earlier with AddSix 2a, I will be happy if you do the mod on 2a.
I am thinking whether cutting the winner a higher percentage say 3% or so will be of any value. As sometimes winners turn into losers because of no backing from other positions. Yeah, it can work both ways. Just a crazy hunch..
"Put all your efforts in becoming effortless"
  • #959
  • Feb 16, 2011 12:17am Feb 16, 2011 12:17am
Quoting TheMaxx
If that's the case could you please update Phantom6_01.mq4 at the start of the thread? Since that has the minimum automatic reset features it would make the most sense to update and test.

here u go....

it has 3 reset hours , one for each market. and also it has minutes, it resets on this minute on each of these 3 hours. it doesnt reset on basket closure
Attached File(s)
File Type: mq4 Phantom6_01.mq4   34 KB | 295 downloads
  • #960
  • Feb 16, 2011 12:21am Feb 16, 2011 12:21am
Quoting Nicastro
Hi MBKennel,

Why 5 AM GMT?
Why not 7 AM on the European Open?
Because I wouldn't want a trade at 7 or 7:15 to start without some momentum developing.
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