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Phantom 6 System

  • #1,381
  • Apr 27, 2011 11:25am Apr 27, 2011 11:25am
Pete,

also see mcs' comments, i felt this too, well, i don't know if it is really "bad" for X/pipstep, but it is really DIFFERENT from the case w/o them.

i used to be a firm believer of X/pipstep, and i've been LIVE trading with X/pipstep since early Jan. almost 4 months now, on a small penny account.

I traded 3 or 4 variations, all on X/pipstep, and i have no experience trading any versions that has NO X/pipstep. what i found so far is that I have never had more than 30~40 trades opened by one EA. usually the dreadful cases are those baskets with 20+ trades hang there for 1 or 2 (even more than 2) weeks with a disgusting DD unchanged for long. everyday when i got home after work, i'd spit a crap word upon seeing the frozen DD on screen. and then when i almost got used to these kind of baskets, they were closed in profit someday, (yes, 1~3 weeks later). like you, i sometimes got impatient, and manually cut a few losers, but generally let the EA run.

i feel that i have these baskets showed up pretty much once every 1~2 weeks. since i have 3 or 4 EAs running, i still have a basket closure by any of them each week at least.

so my impression is the EA trades really slow, really slow

then when comparing with you guys' trading records, i've seen that the # of trades are often 60~80, even 100+ sometimes, but on the other hand, the closure usually comes within a couple of days, at most 10 days(including weekend). i realised it is really DRASTICALLY DIFFERENT. and i simulated the market uncountable times. i believe now it is due to X/pipstep.

if u have sufficient capital, w/o X/pipstep seems a better option. because when each time the price ranges but EA keeping adding leading positions, the EA might be able to close if the trend picks up the previous direction. this gives the EA w/o X/pipstep many more opportunities to close earlier.

at least, this is what the experiences from both sides suggest to me.

Quoting mcs
Pipstep as well as an Xfactor is bad, according to my opinion; right now we effectively have AddSix_02a which is already quite slow when it comes down to profit. Any new additions are only going to slow down its performance.
  • #1,382
  • Apr 28, 2011 2:41am Apr 28, 2011 2:41am
Thanks I'll look into pipstep and do some tests.
  • #1,383
  • Apr 28, 2011 4:56am Apr 28, 2011 4:56am
While my MMTU 0.4, PP 10.0 demo (below) is still doing well and is currently up +248.62%, the dip in the chart was the result of an 81.85% drawdown which I think is untradeable. I think x/pipstep demos will do better in real conditions.


Quoting TheMaxx
My demo is doing well, up +187%.
http://www.myfxbook.com/widgets/105843/large.jpg
  • #1,384
  • Apr 28, 2011 7:25am Apr 28, 2011 7:25am
Hi to all,

I would to try to use the EA with lower timeframe. If Someone show me the rows of code of the timeframe, I modify and try the EA.

Many thanks

JJ
  • #1,385
  • Apr 28, 2011 8:26am Apr 28, 2011 8:26am
Quoting jjgengis
Hi to all,

I would to try to use the EA with lower timeframe. If Someone show me the rows of code of the timeframe, I modify and try the EA.

Many thanks

JJ
Scroll down to:
Inserted Code
//+------------------------------------------------------------------+
//|                     Add to winning trades.                       |
//+------------------------------------------------------------------+
and change this line:
Inserted Code
if (TimeMinute(TimeCurrent()) != 0) ClearSymbolMarks();
and this line:
Inserted Code
if (BidsHaveChanged &&
      TimeMinute(TimeCurrent()) == 0 &&
     !CloseAll)
  • #1,386
  • Apr 28, 2011 1:39pm Apr 28, 2011 1:39pm
Dear Traders,
Please, could any one be so kind to advise whether description of this system exist. The link to description or attaches will be much appreciated. Thanks !
  • #1,387
  • Apr 28, 2011 3:17pm Apr 28, 2011 3:17pm
Hi vismut,

I don't think there is a comprehensive guide anywhere.
There is some description of the strategy in the very first post of this thread. At least, it should be enough to get a rough idea of how it works.
There is a description of every external variable at the beginning of the Phantom code, you might want to look at it as well.
Then you will probably have some questions which you can ask here.

Quoting vismut
Dear Traders,
Please, could any one be so kind to advise whether description of this system exist. The link to description or attaches will be much appreciated. Thanks !
  • #1,388
  • Apr 30, 2011 10:16am Apr 30, 2011 10:16am
Quoting sym
Hi to everybody
I'm demo testing version 5.1 with good results.
Yesterday my basket reached +600 euros (lots 0.1 - 3.000 start capital) with TRAILING STOP but I had to manually close the basket when it retreated to +400 euros.
I also experience some little flaws on the details on the screen. I can't be now more accurate but I'll post the screenshot tomorrow.
Have a great day.

My phantom result: (keep in mind that the first drawdown was caused by some bad experiments not by the EA)

http://www.myfxbook.com/widget?id=10...=1&color=green...
Hello sym,

I found your fxbook have others EA on testing and the result seems not bad,
could you kindly share us which EA are you testing now.

Best Reagrd.
  • #1,389
  • May 2, 2011 1:21am May 2, 2011 1:21am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting Devonfgu
Hello sym,

I found your fxbook have others EA on testing and the result seems not bad,
could you kindly share us which EA are you testing now.

Best Reagrd.
Hi devonfgu

My other systems are just "trading exercises". They aren't so good as they appear to be. So I prefer not to share bad results.
But just to let you know, one is made by Blessing3 and the other by a modified version of Stochastic Power Edge 4.6.
Please keep in mind I don't recommend both of them!!!
--- nothing to say ---
  • #1,390
  • May 2, 2011 4:27am May 2, 2011 4:27am
Quoting sym
Hi devonfgu

My other systems are just "trading exercises". They aren't so good as they appear to be. So I prefer not to share bad results.
But just to let you know, one is made by Blessing3 and the other by a modified version of Stochastic Power Edge 4.6.
Please keep in mind I don't recommend both of them!!!
Sym, I am also experimenting (again) with Blessing 394, but I have modified it a bit in terms of lotsize usage. Mine only uses 0.01 fixed and does not continue like 0.02 0.03 etc. So far results are not negative, but also not much positive either. I am using one chart for forced uptrend and one for downtrend. Time will tell here a bit more, after a week and eastern just passed I have to see what happens when market really moves.

Cheers, xxl205 aka George
"We are all just prisoners ... of our own device ..." (Hotel California)
  • #1,391
  • May 2, 2011 6:26am May 2, 2011 6:26am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting xxl205
Sym, I am also experimenting (again) with Blessing 394, but I have modified it a bit in terms of lotsize usage. Mine only uses 0.01 fixed and does not continue like 0.02 0.03 etc. So far results are not negative, but also not much positive either. I am using one chart for forced uptrend and one for downtrend. Time will tell here a bit more, after a week and eastern just passed I have to see what happens when market really moves.

Cheers, xxl205 aka George
Hi George
if I can advise you... DON'T USE b3 against the trend.
It hurts very much.

It's the same for phantom6, pay attention to the trend and big news.
--- nothing to say ---
  • #1,392
  • May 3, 2011 11:32am May 3, 2011 11:32am
Quoting mcs
Hi vismut,

I don't think there is a comprehensive guide anywhere.
There is some description of the strategy in the very first post of this thread. At least, it should be enough to get a rough idea of how it works.
There is a description of every external variable at the beginning of the Phantom code, you might want to look at it as well.
Then you will probably have some questions which you can ask here.
hi, MSC, here are some questions:
1. "Close all when current equity exceeds 1% of last flat equity (or any percentage set by the user)" - how do I set the %%?
2. MMK = ?
3. ProfitPct = ?

will much appreciate the answers. Thanks in advance!!!
  • #1,393
  • May 4, 2011 12:06am May 4, 2011 12:06am
Hi vismut,

You need to set ProfitPct.
MMK is different and related to money management' described in my post 1332 (page 89 of this thread).
Those variables are interconnected, of course. The bigger MMK is, the smaller lot size will be used and the smaller profit likely to be observed (together with the smaller DD) for a given period of time. I think, a good ratio would be ProfitPct=2 for MMK=2, ProfitPct=4 for MMK = 1, ProfitPct = 1 for MMK=4, etc. I currently use MMK=3 and ProfitPct=1.4.


Quoting vismut
hi, MSC, here are some questions:
1. "Close all when current equity exceeds 1% of last flat equity (or any percentage set by the user)" - how do I set the %%?
2. MMK = ?
3. ProfitPct = ?
will much appreciate the answers. Thanks in advance!!!
  • #1,394
  • Edited 9:55am May 4, 2011 9:20am | Edited 9:55am
  •  sym
  • Joined Apr 2011 | Status: Working... (too much) :) | 356 Posts
Quoting mcs
Hi vismut,

I don't think there is a comprehensive guide anywhere.
There is some description of the strategy in the very first post of this thread. At least, it should be enough to get a rough idea of how it works.
There is a description of every external variable at the beginning of the Phantom code, you might want to look at it as well.
Then you will probably have some questions which you can ask here.
Hi mcs (and other phantom developers)
I have some points disagreeing with phantom or perhaps I don't fully understand the EA:

1 - sometimes the trades start with 2 order (2 buys or 2 sells), usually just one. Why this difference?
2 - sometimes after the 1st order is placed the 2nd one is placed after 3-4-5 hours, but meanwhile the 1st one could loose 100 or more pips. I think it should be better if the 2nd order is placed after 1 hour maximum, chosen between the best hedge pairs at the moment.
3 - sometimes when the basket is loosing, we have to wait too long in order to have new hedging positions. It's dangerous because the situation could slip away and recover from a big loss isn't easy.

What do you think about my observations?

thanks in advance
--- nothing to say ---
  • #1,395
  • May 4, 2011 10:24am May 4, 2011 10:24am
I got this retrying error about 1 hour

02:26:01 Phantom_AddSix_5.1.1 EURUSD,H1: ArrayInitialize function internal error
02:26:01 Phantom_AddSix_5.1.1 EURUSD,H1: incorrect start position 0 for ArraySort function

How it bad?
  • #1,396
  • May 4, 2011 11:45am May 4, 2011 11:45am
Up +357.35% b1tches.

http://www.myfxbook.com/widgets/105843/large.jpg
  • #1,397
  • May 4, 2011 11:56am May 4, 2011 11:56am
Quoting TheMaxx
Up +357.35% b1tches.
Looks like you are ready to go live and actually make real money.

BTW...nice drawdown.
  • #1,398
  • May 4, 2011 12:07pm May 4, 2011 12:07pm
Quoting zznbrm
Looks like you are ready to go live and actually make real money.

BTW...nice drawdown.
With this kind of performance I plan on being a gazillionaire by the end of this year.
  • #1,399
  • Edited 1:16pm May 4, 2011 12:48pm | Edited 1:16pm
Quoting TheMaxx
Up +357.35% b1tches.

http://www.myfxbook.com/widgets/105843/large.jpg
Looks good Maxx. What version are you using on your demo.??
Vit.
  • #1,400
  • May 4, 2011 1:57pm May 4, 2011 1:57pm
Quoting TheMaxx
With this kind of performance I plan on being a gazillionaire by the end of this year.
...if your result will be stable, Max.
do you manually close trades to fix profitable positions?
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