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Phantom 6 System

  • #981
  • Feb 18, 2011 11:53am Feb 18, 2011 11:53am
I actually have a test EA with about 10 different pair sets built-in (all synthetically hedged and running with my fully balanced lotsize mod).

An EA with the original set seems to be chugging along with good profits.

One of the others went into 15 straight cut losers without a single profitable closure in 2 weeks. Two more are also performing poorly.

This concerns me.
  • #982
  • Feb 18, 2011 12:04pm Feb 18, 2011 12:04pm
Quoting mbkennel
I actually have a test EA with about 10 different pair sets built-in (all synthetically hedged and running with my fully balanced lotsize mod).

An EA with the original set seems to be chugging along with good profits.

One of the others went into 15 straight cut losers without a single profitable closure in 2 weeks. Two more are also performing poorly.

This concerns me.
When you say EA, are you talking about one of Phantom EA from post #1
  • #983
  • Feb 18, 2011 12:04pm Feb 18, 2011 12:04pm
The pair selection matters a lot. EA at times wrongly adds exiting positions. So Big DD and cut looser and all.
Intraday only.
  • #984
  • Feb 18, 2011 12:25pm Feb 18, 2011 12:25pm
Quoting ES Trader
When you say EA, are you talking about one of Phantom EA from post #1
No, it is a modified version of the one I posted a while ago.
(Phantom6_01_x_CL_TH_PS_BAL2)

Generally, leverage=100:1, mmtu=0.65, pp=0.5, pipstep=10, cutloser=1.5

which works great on

B EURCHF,EURJPY,CHFJPY; S GBPCHF,GBPUSD,USDCHF

and absolutely atrocious (phantoms not reset since 2011-02-07 when I started the bot) on

B GBPUSD,EURCAD,EURGBP; S EURUSD,EURAUD,AUDCAD

a slight modification (just change trading hours and have some hours do 2x an hour for potential trades on :15 and :45, some be only ;15, others continue only and finally some hours no trade ever).

B EURJPY, S USDJPY, S EURUSD, B GBPUSD, S AUDUSD, S GBPAUD

is a definite loser over 10 days, and the mirror trade of the above (swap B<->S) is also a loser, started at exactly the same time.

One potential conclusion is that the 'mirror trade' idea doesn't do much in diversification/decorrelation; profits are based on whether the underlying currencies want to trend (good) or if they don't (bad), and the particular choice of pairs and buy and sell may be secondary.
  • #985
  • Feb 18, 2011 12:36pm Feb 18, 2011 12:36pm
Quoting ES Trader
I also have been trying a different basket :

Buys eurusd,usdchf,audcad

Sells audusd,eurchf,usdcad.

They also went into profit but seem to be for less pips compared to the other 6 pairs.
Hypothetically, if you traded fully balanced (i.e. adjusting a lower lotsisze for EURxxx than for USDxxx, and a little higher than AUDxxx) one pair of each should result in no profit, just loss from transaction costs.

If you're not fully hedged, then you will be slightly long some currencies and short some. You'll just be making a directional bet then.
  • #986
  • Feb 18, 2011 12:49pm Feb 18, 2011 12:49pm
I just tried these pairs. Closed one basket with 30 pips.

Buy :
usdchf, gbpaud,eucad,euraud
sell :
usdjpy,gbpusd,eurjpy,eurusd.
Intraday only.
  • #987
  • Feb 18, 2011 12:52pm Feb 18, 2011 12:52pm
Quoting navk
I just tried these pairs. Closed one basket with 30 pips.

Buy :
usdchf, gbpaud,eucad,euraud
sell :
usdjpy,gbpusd,eurjpy,eurusd.
Very Interesting
  • #988
  • Feb 18, 2011 12:59pm Feb 18, 2011 12:59pm
In my opinion one high volatile pair should be there in sell or buy basket so that there is an edge and basket can close fast. Also could see DD by having high volatile pairs.
Intraday only.
  • #989
  • Feb 18, 2011 9:01pm Feb 18, 2011 9:01pm
Quoting Nicastro
Roundrock,

I respond to the points using same numbering:-

1. Sadly No. What has been useful is the concept of 2 synthetically hedged sub-baskets and 2 accidental steps. One a high MMTU and second, a high leverage account. Trying to build on this by the introduction of a third sub-basket in the hope that this will help us to reduce MMTU while still keeping a good speed on basket closures. We won't know until we test.

2. Sadly no. I think the logic of resetting on a basket pop allows the EA to profit from short term fluctuations.

3. It is...

#3. pl use this EA, i fixed some issues/bugs. I didnt understand what do you mean by slow? you have to compare the results on a weekly basis. since it waits for initail DD to be built, it looks slow. but actaully the PP is so much higher that when it closes, its profits are much more than normal EA. Also this must be allowed to trade 24x5. dont use trading hours filter.
Attached File(s)
File Type: mq4 Phantom6_01DD.mq4   56 KB | 357 downloads
  • #990
  • Feb 19, 2011 5:55am Feb 19, 2011 5:55am
Quoting roundrock
#3. pl use this EA, i fixed some issues/bugs. I didnt understand what do you mean by slow? you have to compare the results on a weekly basis. since it waits for initail DD to be built, it looks slow. but actaully the PP is so much higher that when it closes, its profits are much more than normal EA. Also this must be allowed to trade 24x5. dont use trading hours filter.

Thanks for this Roundrock.

I will demo as from Monday London open, but then 24x7. I will report on progress.

I appreciate that when DD pops, it pops at a higher Profit % and that it needs time before a sufficient drawdown arises to bring the EA into action. Hence my suggestion of a second EA with different phantoms hopefully running on the same demo account.

By being slow, I was comapring it to the number of pops that JCS and others are reporting. I suppose we have been spoilt by the pop frequency of the EA with 2 sub-baskets. As you rightly say, we need to compare on a weekly basis the % gain of the two EAs to see which is more profitable and which carries more risk.

Again, many thanks for your continued support.
  • #991
  • Feb 19, 2011 8:47am Feb 19, 2011 8:47am
Quoting ES Trader
I also have been trying a different basket :

Buys eurusd,usdchf,audcad

Sells audusd,eurchf,usdcad.

They also went into profit but seem to be for less pips compared to the other 6 pairs.
Why not just trade USD/CHF directionaly, because thats what that basket is doing. No need to pay spread on 6 pairs.
  • #992
  • Feb 19, 2011 10:14am Feb 19, 2011 10:14am
Quoting thorn
Why not just trade USD/CHF directionaly, because thats what that basket is doing. No need to pay spread on 6 pairs.
How do you say that? That is a hedged basket.
"Put all your efforts in becoming effortless"
  • #993
  • Feb 19, 2011 12:17pm Feb 19, 2011 12:17pm
no, that, thorn is right, that is in fact trading one pair xxxyyy,

just happened that he got lucky for 3 days.

try 1 month, hoho.

see, 1 lot usdchf is apparently different than 1 lot gbpchf in margin size, right? the difference of the margin is the risk that you expose to the market.

in fact, if it is perfectly balanced (lotsize adjusted according to MB's posts few days ago) hedged basket, there will be no profit or loss. these kind of inefficiency does not exist in current FX market, imho.

Quoting IamTHAT
How do you say that? That is a hedged basket.
  • #994
  • Feb 20, 2011 1:38am Feb 20, 2011 1:38am
Quoting mbkennel
This is my idea of a 'margin protector' per JCS, which disrupts the baskets the least.

We will maintain two global variables per basket, both reset to zero upon closure/flat position: number of trades eliminated due to margin (N), and the sum of their profits (S)

At any time (or on the hour/half/quarter/whatever), if we are in a "margin danger" situation, the bot loops through all open transactions, and tests, which trade closure---hypothetically---would result in the smallest average disturbance to the basket, computed by sum of profits /...
mbkennel, pl explain with an example
  • #995
  • Feb 22, 2011 2:16pm Feb 22, 2011 2:16pm
Quoting roundrock
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
I modified this code so it closes once per morning at 5am as per MB's suggestion. It hasn't performed well at all, not having closed a basket in over 1 week:

http://www.myfxbook.com/members/themaxx/ph6-01-rr/87667
  • #996
  • Feb 23, 2011 3:32am Feb 23, 2011 3:32am
Has everyone given up on this strategy and moved on to something else?
  • #997
  • Feb 23, 2011 9:17am Feb 23, 2011 9:17am
Dropbox is cool for file sharing. Thanks for the info.
Quoting frazerd
Off the subject but maybe of interest to some folks here.

I just found something that is really simplifying my life and it is absolutely free. If you work on more than 1 computer and have to put files on a memory stick or email them to yourself to transfer them between computers, then this will be of interest. It's called Dropbox. You put a dropbox on each of your computers and any file you move into the dropbox automatically goes into the dropbox on all of your computers and into your web dropbox as well. So even when you do not have your own...
  • #998
  • Edited 9:45am Feb 23, 2011 9:45am | Edited 9:45am
Quoting TheMaxx
Has everyone given up on this strategy and moved on to something else?
No, I haven't. Works like a charm. Using Phantom Addsix 02a with standard pairs, nothing else. Lotsize 0.01 / PP 2%, rest is all left on standard.

Does the trick ... you just have to wait and see

All these accounts are running it :

http://www.myfxbook.com/id/members/smee205

Cheers, xxl
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #999
  • Feb 23, 2011 10:22am Feb 23, 2011 10:22am
Quoting xxl205
No, I haven't. Works like a charm. Using Phantom Addsix 02a with standard pairs, nothing else. Lotsize 0.01 / PP 2%, rest is all left on standard.

Does the trick ... you just have to wait and see

All these accounts are running it :

http://www.myfxbook.com/id/members/smee205

Cheers, xxl
Glad to see you're making real money with this strategy!

What's the difference between the 5 accounts you're running? Starting time only? Are you trying to diversify by running the different accounts?
  • #1,000
  • Feb 23, 2011 12:44pm Feb 23, 2011 12:44pm
Quoting TheMaxx
Glad to see you're making real money with this strategy!

What's the difference between the 5 accounts you're running? Starting time only? Are you trying to diversify by running the different accounts?
Hey Maxx,

yes the differences are starting date and balance that I have put up. I am managing those for some friends, they are not mine. I don't want people see my own mess ^^

I will start diversifying with additional accounts when balance reaches around 3000 Euros, due to Alpari UK limits (2.0 lots total and 100 trades) on the pennys.
"We are all just prisoners ... of our own device ..." (Hotel California)
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