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Phantom 6 System

  • #1,401
  • May 4, 2011 2:11pm May 4, 2011 2:11pm
Quoting vit007
Looks good Maxx. What version are you using on your demo.??
Vit.
As previously stated in this thread, it is the Phantom_01.mq4 with extra code to close 1 loser every 12 hours once available margin drops below 1000.
  • #1,402
  • May 4, 2011 2:42pm May 4, 2011 2:42pm
Hi sym,

1 - more than one trade is possible during PhantomCheck minute. During this minute the EA looks for a biggest phantom winner and opens a real trade (unless this symbol was already opened during this minute). It is possible that during this minute there will be two or more biggest winners (first symbol wins for a couple of seconds, then it slips back and some other becomes a biggest winner, etc.)
2 - this EA looks at 14 symbols, but trades only 6 of them. So the biggest winner of those 14 must belong to the traded 6 symbols group in order to be traded. That is why EA sometimes waits for several hours before it opens a trade. Some people think that it is a good idea to do this. Even though it slows down the basket formation, it allegedly reduces DD. I'm not sure, whether it is good or not, I might conduct some testing later.
3 - if you start actively adding trades to a loosing basket, it could make things worse, on the other hand.

Quoting sym
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...
  • #1,403
  • May 4, 2011 2:45pm May 4, 2011 2:45pm
Hi Sky_drift,

Shouldn't be too bad. ArrayInitialize() is called in DrawChartComments() function which is implementing Graphical UI and was added by xere. I do not use it. If you want, you can switch it off by setting GraphicalUI = false.

Quoting Sky_drift
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?
  • #1,404
  • May 4, 2011 2:47pm May 4, 2011 2:47pm
Hi TheMaxx,

With 75% drawdown? Good luck

Quoting TheMaxx
With this kind of performance I plan on being a gazillionaire by the end of this year.
  • #1,405
  • May 5, 2011 4:47am May 5, 2011 4:47am
Quoting mcs
Hi TheMaxx,

With 75% drawdown? Good luck
Thanks, much appreciated.
  • #1,406
  • May 5, 2011 8:42pm May 5, 2011 8:42pm
mcs,

Ive been off the boards for a few weeks, but I am a long time phantom tester. I wanted to say thanks for the programming work you have done.

I have long been interested in the equity trailing stop option. I am by nature, a very conservative trader. All my phantoms are run with a low mmtu and profit percent. However, by using a small profit percent I know this greatly limited the profit potential of any basket. I have incorporated your trailing stop function in a few of my testing ea's with good results so far.

Now my question is, Im testing a trail-start at .5% with .5% trail. It seems to work sometimes but have noticed at other times my equity reaches the level where the the trail should kick in but it doesnt. I have seen this on a few occasions.

For example Im watching a basket now where the trail should execute at 3114.79 equity. It reached that, and even went few $ higher but the trailing stop never kicked in. Another I watched, it reached the equity level but took another 30 minutes before it finally started the trailing stop. Any idea why this would be happening?

By the way on the baskets where the trailing stop was working, it did close out all the trades as intended with no problems so far.

The ea Im testing 5.1.1. Thanks

Edit: the trailing eq stop just kicked in on that basket around 15 minutes after it reached the target equity. Seems to work but very slow to engage.
  • #1,407
  • May 5, 2011 9:06pm May 5, 2011 9:06pm
results for my 8 pair traded phantom after 1 month
MMTU 1.5
Profit Pct 0.33 (for april)
For May profit percent will be Equity trailing set at .5 start/.5 trail.

I have merged this phantom with version 5.1.1.(May 1). Since I started this phantom with pipstep(5) and "x" factor, they were included in the merge.
I know some people have mention these options may or may not be good. It does slow down the basket a bit, but I feel it also controls drawdown and margin usage(please note the drawdown numbers for this test, quite acceptable so far). With the inclusion of equity trailing stop I feel the profit factor will ramp up higher.

http://www.mt4i.com/users/thorn_add8_03
  • #1,408
  • May 6, 2011 2:12am May 6, 2011 2:12am
Quoting vismut
it looks like "Whaaaaay?! Whaaaaay....?!" (joke).

dear Achab, MCS already explained that I had accepted to high risk/leverage. this led to sufficient DD.

Unfortunately i haven't manage to find neither any description of the system & it's variables, no recommendations

i keep going with testing it on demo. with default settings.
Hi Vismut,

good morning. I have tested Phantoms so much that I started to be confused because of the large numbers of them and their results. Anyway, I'd like to find a place where to update the test results, even online here, but not.

So, if I can help you, you are welcome. But I need some infos:

  1. Which sum are you planing to trade live?
  2. How much DD would you expect?
  3. Few times per year the DD can increase: when you will start to feel unpleasant?
  4. Which is your monthly target?
  5. Do you prefer to close baskets quickly (with larger DD) or having many opened positions per days (with lower DD)?


Waiting for your answers, I wish you a nice time.
/achab

  • #1,409
  • May 6, 2011 2:23am May 6, 2011 2:23am
Hi thorn,

A little bit of misunderstanding here, I think.

When you use TrailStopStartsPercent = 0.5% and TrailStopPercent = 0.5%, it means 'place the trailing stop at the level of (at least) Last Equity + TrailStopStartsPercent'. It will only happen when the equity reaches Last Equity + TrailStopStartsPercent + TrailStopPercent (+1% in your case).
Ex., if you have deposit of 10,000, the EA will say 'Trailing Starts at %: 0.5000%, which is: $10050' and the trailing stop will be only set to 10,050 once the equity reaches $10100.
If you want trailing stop to be triggered at the level of +0.5% and be placed at the breakeven level initially, you can use TrailStopStartsPercent = 0.0 and TrailStopPercent = 0.5. You can also use negative TrailStopStartsPercent, ex. TrailStopStartsPercent = -0.2 and TrailStopPercent = 0.7 will cause trailing stop to be placed at -0.2% of your initial equity once the equity reaches +0.5%. If it goes above, the trail stop will follow it at the distance of 0.7%.

It might look a bit complicated at first, but it gives you additional flexibility.

Quoting thorn
mcs,

Ive been off the boards for a few weeks, but I am a long time phantom tester. I wanted to say thanks for the programming work you have done.

I have long been interested in the equity trailing stop option. I am by nature, a very conservative trader. All my phantoms are run with a low mmtu and profit percent. However, by using a small profit percent I know this greatly limited the profit potential of any basket. I have incorporated your trailing stop function in a few of my testing ea's with good results so far.

Now my question is, Im testing...
  • #1,410
  • May 6, 2011 5:32am May 6, 2011 5:32am
Quoting mcs
Hi thorn,

A little bit of misunderstanding here, I think.

When you use TrailStopStartsPercent = 0.5% and TrailStopPercent = 0.5%, it means 'place the trailing stop at the level of (at least) Last Equity + TrailStopStartsPercent'. It will only happen when the equity reaches Last Equity + TrailStopStartsPercent + TrailStopPercent (+1% in your case).
Ex., if you have deposit of 10,000, the EA will say 'Trailing Starts at %: 0.5000%, which is: $10050' and the trailing stop will be only set to 10,050 once the equity reaches $10100.
If you want trailing...
mcs,

You are correct, I was not understanding how the function worked. Thought at .5 start it would start the trailing stop at break even. Thanks for the explanation.
  • #1,411
  • May 7, 2011 8:26am May 7, 2011 8:26am
Quoting achab
Hi Vismut,

good morning. I have tested Phantoms so much that I started to be confused because of the large numbers of them and their results. Anyway, I'd like to find a place where to update the test results, even online here, but not.

So, if I can help you, you are welcome. But I need some infos:[list=1][*]Which sum are you planing to trade live?[*]How much DD would you expect?[*]Few times per year the DD can increase: when you will start to feel unpleasant?[*]Which is your monthly target?[*]Do you prefer to close baskets quickly...
Dear Achab,
Thank you for your enthusiasm!
please, kindly see the answers to your above questions:
[*]Which sum are you planing to trade live? -0.02 - 0.05 lot (lot size 100 K), start balance = 3000.[*]How much DD would you expect? - 25-35 pct.[*]Few times per year the DD can increase: when you will start to feel unpleasant? - not exactly clear what you mean. 50% DD is ultimate. [*]Which is your monthly target? 10-30 % of depo. [*]Do you prefer to close baskets quickly (with larger DD) or having many opened positions per days (with lower DD)? - difficult question. for hedge system like phantom I'd prefer a lower DD.

P.S.: much thanks to MCS for his help. the more i perceive the system the more i like it.
  • #1,412
  • Edited 1:38pm May 8, 2011 12:32pm | Edited 1:38pm
Quoting vismut
Dear Achab,
Thank you for your enthusiasm!
please, kindly see the answers to your above questions:
[*]Which sum are you planing to trade live? -0.02 - 0.05 lot (lot size 100 K), start balance = 3000.[*]How much DD would you expect? - 25-35 pct.[*]Few times per year the DD can increase: when you will start to feel unpleasant? - not exactly clear what you mean. 50% DD is ultimate. [*]Which is your monthly target? 10-30 % of depo. [*]Do you prefer to close baskets quickly (with larger DD) or having many opened positions per days...
Hi Vismut,

If you will use one of the Phantoms, it will decide how many microlots to open, only if the broker you have chosen allows microlots and has microsteps (0.01, 0.02, 0.03 etc.).

About your target, 10-30% is a very large range, that would make the difference between a "normal" DD and a largest one. So, I assume to start from 10% as month average. In this case you could use MMTU=0.2 and PP=0.2. Another choice could be to set MMTU=0.15 and PP=0.4.
Both settings would reach 10% and more, the first could reach larger DD but will close baskets quickly, the second will save the margin but you could have baskets opened for days, also more than a week. So, it's up to you.

I suggest you to start with one of that settings to see how it works for a month, after that you will have more confidence to change them by yourself, according with your propensity to risk and your trading behavior.

Good evening.
/achab
  • #1,413
  • May 8, 2011 11:35pm May 8, 2011 11:35pm
Hi vismut,

... and I've got alternative settings for you if you like to
There is a .set file attached for Phantom 5.1.1.

It uses alternative MM with MMK=1.5. For a balance of 3000 it gives lot 0.02 (as achab mentioned, only if your broker supports such lots).
ProfitPct set to 2.5, which should give you at least 10% a month.
DD shouldn't be more than 35%, but who knows? Let's see

It would be good if you run two or more Phantoms side by side for a month or more so you can then choose what better suits you.

Quoting vismut
Dear Achab,
Thank you for your enthusiasm!
please, kindly see the answers to your above questions:[*]Which sum are you planing to trade live? -0.02 - 0.05 lot (lot size 100 K), start balance = 3000.[*]How much DD would you expect? - 25-35 pct.[*]Few times per year the DD can increase: when you will start to feel unpleasant? - not exactly clear what you mean. 50% DD is ultimate. [*]Which is your monthly target? 10-30 % of depo. [*]Do you prefer to close baskets quickly (with larger DD) or having many opened positions per days (with lower DD)?...
Attached File(s)
File Type: zip tst.zip   < 1 KB | 302 downloads
  • #1,414
  • May 9, 2011 2:11am May 9, 2011 2:11am
Guys,

I put phantom6_01 on a chart with the default settings, only modified the mmtu to 0.1 and the profitpct to 1

My balance is 1000, the problem that it shows the profit target correct 100$ bu the equity profit target 10100 which will never occur for sure and therefore it is not closing trades while the target 100$ hit many times.
  • #1,415
  • May 9, 2011 2:55am May 9, 2011 2:55am
Quoting mcs
Hi vismut,

... and I've got alternative settings for you if you like to
There is a .set file attached for Phantom 5.1.1.

It uses alternative MM with MMK=1.5. For a balance of 3000 it gives lot 0.02 (as achab mentioned, only if your broker supports such lots).
ProfitPct set to 2.5, which should give you at least 10% a month.
DD shouldn't be more than 35%, but who knows? Let's see

It would be good if you run two or more Phantoms side by side for a month or more so you can then choose what better suits you.
MCS,

Thank you for share. I am going to go live with Phantom 5.1.1 with settings, recommended my Achab. I will continue testing Phantom on demo with your settings. Let's see what happen.
  • #1,416
  • May 9, 2011 4:59pm May 9, 2011 4:59pm
Quoting TheMaxx
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)
Hi to all,

I've tried to change the code in Phantom 01a:

Inserted Code
if (!SymbolMarksCleared &&
      TimeMinute(TimeCurrent()) != 0)
with
Inserted Code
 if (!SymbolMarksCleared )
  {
     if (TimeMinute(TimeCurrent()) != 0 || TimeMinute(TimeCurrent()) != 14 ||
         TimeMinute(TimeCurrent()) !=29 || TimeMinute(TimeCurrent()) != 44)
     {
      ClearSymbolMarks();
      SymbolMarksCleared = true;
     }
  }
and
Inserted Code
if (BidsHaveChanged &&
      TimeMinute(TimeCurrent()) == 0 &&
     !CloseAll)
  {
    PhantomsReset      = false;
    SymbolMarksCleared = false;
with
Inserted Code
 if (BidsHaveChanged && !CloseAll) 
   {              
      if (TimeMinute(TimeCurrent()) == 0 || TimeMinute(TimeCurrent()) == 14 ||
         TimeMinute(TimeCurrent()) ==29 || TimeMinute(TimeCurrent()) == 44)
                  
      {
         PhantomsReset      = false;
         SymbolMarksCleared = false;

to obtain a TF 15. But after 15 minute the EA opened 14 trade, all the same.

Can you help me to obtain a phantom that work at lower timeframe?

I think that will be more easy to achieve the PP target, because in few hours could be open more trade in the same direction of the trend.

JJ
  • #1,417
  • May 9, 2011 9:32pm May 9, 2011 9:32pm
Quoting jjgengis
Hi to all,

I've tried to change the code in Phantom 01a:

[code]if (!SymbolMarksCleared &&...
There are alot of variations of the phantoms. Can you post the exact EA you want modified.

Just from what you posted in the clear symbol marks section I think it should be:

if (TimeMinute(TimeCurrent()) != 0 && (&& instead of ||)

not sure if thats why its adding all 14 trades though. Would have to see the whole ea.
  • #1,418
  • May 9, 2011 9:35pm May 9, 2011 9:35pm
Quoting jjgengis
Hi to all,

SymbolMarksCleared = true;

Can you help me to obtain a phantom that work at lower timeframe?

JJ

You refer to Art Phantom thread where there is one Art Phantom Extreme EA which has the same logic. You can use the code from there.
I found that the above line was missing in the code over there but please check it thoroughly.
"Put all your efforts in becoming effortless"
  • #1,419
  • May 10, 2011 1:07am May 10, 2011 1:07am
Quoting thorn
There are alot of variations of the phantoms. Can you post the exact EA you want modified.

Just from what you posted in the clear symbol marks section I think it should be:

if (TimeMinute(TimeCurrent()) != 0 && (&& instead of ||)

not sure if thats why its adding all 14 trades though. Would have to see the whole ea.
Hi Thorn,

thank you for your fast reply.

I used "||" instead of "&&" because I want recognize more step inside an hour ( 0, 14. 29, 44 ). Four step inside an hour are equivalent a TF15, isn't it?

The Phantom's version is 01a, posted in the first post of this thread.

Are only few months that I try to program in mql, I'm not a professional.

I apologize with programmers of the thread for my poor questions.

JJ
  • #1,420
  • May 10, 2011 5:53am May 10, 2011 5:53am
Quoting jjgengis
Hi Thorn,

thank you for your fast reply.

I used "||" instead of "&&" because I want recognize more step inside an hour ( 0, 14. 29, 44 ). Four step inside an hour are equivalent a TF15, isn't it?

The Phantom's version is 01a, posted in the first post of this thread.

Are only few months that I try to program in mql, I'm not a professional.

I apologize with programmers of the thread for my poor questions.

JJ
This should trade every 15 min. Keep in mind it is possible to have more than one biggest phantom winner in the minute the ea trades so you can get a trade in more than one pair.
Attached File(s)
File Type: mq4 Phantom6_01a.mq4   34 KB | 410 downloads
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