Phantom 6 System

Quoting roundrock

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here it is. this one opens every 1 hr

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Quoting charvo

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in case any of you guys tried different pairs config, could you please share your demo/live trades statements so that we can further this analysis? i remember thorn and Mbkennel seemingly tried different pairs.

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Quoting charvo

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Need you guys do me a favor, if possible.

i was thinking how to determine if our pairs selection are good, or
is there another set of pairs that are better?

i must say i'm lazy and slow, and just realised that i could do this to gain a preliminary idea.

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Quoting mbkennel

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I hate to pound it in over and over, but it really matters if you are running a fully balanced basket, meaning that you adjust the lotsize to account for the different values in the first currency of a pair.

Without "fully balanced lotsizes": Generally as 1 GBP is worth more than EUR or CHF or USD, then you will both see more trades (if you check phantoms in $ P&L) and more profit (if the EA is net profitable) in GBPxxx vs any others. But that doesn't really mean anything.

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//+------------------------------------------------------------------+
//|   Keep track of lowest margin level and largest floating loss.   |
//+------------------------------------------------------------------+

void ExamineMarginAndFloat()
{
  if (AccountMargin() > 0.0)
  {
    PercentMarginLevel = StrToDouble(DoubleToStr(100 * AccountEquity() / AccountMargin(), 2));

    if (PercentMarginLevel < valLowestMarginLevel)
    {
      valLowestMarginLevel = PercentMarginLevel;
      GlobalVariableSet(LowestMarginLevel, valLowestMarginLevel);
      Print ("Largest Floating Loss: $" + DoubleToStr(valLargestFloatingLoss,2) + "    Lowest Margin %: " + DoubleToStr(valLowestMarginLevel,2) + "%");
    }
  }

  if (EAPL < valLargestFloatingLoss)
  {
    valLargestFloatingLoss = StrToDouble(DoubleToStr(EAPL, 2));
    GlobalVariableSet(LargestFloatingLoss, valLargestFloatingLoss);
    Print ("Largest Floating Loss: $" + DoubleToStr(valLargestFloatingLoss,2) + "    Lowest Margin %: " + DoubleToStr(valLowestMarginLevel,2) + "%");
  }

  if ((valLargestFloatingLoss / valLastFlatEq) * 100.0 < valMaxFloatingDrawdown)
  {
    valMaxFloatingDrawdown = StrToDouble(DoubleToStr((valLargestFloatingLoss / valLastFlatEq) * 100.0, 2));
    GlobalVariableSet(MaxFloatingDrawdown, valMaxFloatingDrawdown);
  }

  return(0);
}

Print ("Largest Floating Loss: $" + DoubleToStr(valLargestFloatingLoss,2) + "    Lowest Margin %: " + DoubleToStr(valLowestMarginLevel,2) + "%");

Quoting charvo

Disliked

i understand that you meant "balanced lotsize" for phantom trades, right? Or, even real trades also need to be lotsize-tuned?

Is this same as your previous MOD that use % of price change instead of pips of price change? Seemingly it is different.....

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Quoting arasheed

Disliked

Hi
Can any one senior advise about minimum starting balance for Phantom 6 System.
I mean Sarting balance of $100.00. Is it possible will it work with $100.00 ??
Thanks

arasheed

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Quoting mbkennel

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Yes, of course real trades need to be lotsize tuned, because otherwise you are accidentally making biggest bets on GBPxxx pairs.

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Print ("Lowest Margin %: " + DoubleToStr(valLowestMarginLevel,2) + "%," + " Largest Floating Loss: $" + DoubleToStr(valLargestFloatingLoss,2) + ", Max Floating Drawdown %: " + DoubleToStr(valMaxFloatingDrawdown,2) + "%"    );
      // This last line writes on the normal log file the lowest margin, the largest floating loss and the max floating DD to trace the lowest moments.

Quoting TheMaxx

Disliked

Achab, I think this will work. Replace the existing code with the following:

[code]//+------------------------------------------------------------------+
//|...

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Quoting TheMaxx

Disliked

I think so, but you need to lower your MMTU and PP. Why not demo it and find out? Demo is free.

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Quoting arasheed

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Problem with Demo is ,They open minimum balance $3000.00 and not $100.00.so it is difficult to test.

arasheed

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Quoting mbkennel

Disliked

Yes I posted a version a few weeks ago. On the original pairs it works OK, but on other pairs, I'm not sure.

I'm now getting many "Off Quotes" errors so I don't know if recent results are reliable. I wonder if it may be the "Slippage" parameter which is not adjusted for 5 digit brokers. I fixed that in the version I'm attaching.

I would use the fully balanced for theoretical reasons alone.

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Quoting arasheed

Disliked

Problem with Demo is ,They open minimum balance $3000.00 and not $100.00.so it is difficult to test.

arasheed

Ignored

Quoting achab

Disliked

If I remember well, The Maxx few time ago demostrated that for opening 0.01 lots this EA needs $3000: isn't it right, Pete?

With only $100 USD the risk to blow up your account is very high.
/achab

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