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Phantom 6 System

  • #1,441
  • Aug 7, 2011 9:51am Aug 7, 2011 9:51am
nobody have setting to share ?
is possibile implement stoploss on last version ?
  • #1,442
  • Aug 8, 2011 11:53am Aug 8, 2011 11:53am
Quoting ilprinci
nobody have setting to share ?
is possibile implement stoploss on last version ?
The best advise is play with nanolots with this system: base currency 10,000.
Keep in mind that this system is very slow and you could have more than 100 trades live. So adjust very well your lot size.

Regarding Profit pct, you can calculate how many pips you need in order to reach ATR daily of one pair traded. I think it is a good way to set it.

Best of luck.
  • #1,443
  • Edited 9:36am Aug 14, 2011 5:52am | Edited 9:36am
Hi Guys

I've just made a new pair selection to Phantom6_01a, and I'll test it on my VPS when the market opens.

The new buy pairs are:
GBPUSD
EURGBP
AUDCAD

The new sell pairs are:
AUDUSD
EURUSD
USDCAD

The idea of excluding JPY and CHF is to avoid the huge sudden moves caused by intervention from the respective central banks. A thing that we've seen a few times the last 6 months, and may very well happen again. I think sudden big moves in JPY and CHF is one cause when a basket (with the original pairs) suffers big floating DD and long duration of the basket trade.

The only changes to version 01a is the pair selection and the default values for MMTU and ProfitPct which is now set to 0.5 and 0.15 (my personal preferences). These settings should close the basket when approx. 30 pips is reached, and hopefully it will close a basket every 6 hours on average.
We'll see how it performs.

I'll keep You posted.
Attached File(s)
File Type: mq4 Phantom6_01a.V2.mq4   34 KB | 405 downloads
  • #1,444
  • Aug 14, 2011 7:00am Aug 14, 2011 7:00am
is possibile add this modify (use new pairs) to 511 version
and also add stoploss like 300pips x position open until trail ?
  • #1,445
  • Aug 14, 2011 9:41am Aug 14, 2011 9:41am
Quoting ilprinci
is possibile add this modify (use new pairs) to 511 version
and also add stoploss like 300pips x position open until trail ?
You just have to decide which pairs to use, and then exchange the old pairs with the new ones when You open the EA in Metaeditor.
It's a simple job that You easily can do Yourself, but it may take 30-60 mins to modify the code.
  • #1,446
  • Aug 14, 2011 2:48pm Aug 14, 2011 2:48pm
Quoting T.Trade
Hi Guys

I've just made a new pair selection to Phantom6_01a, and I'll test it on my VPS when the market opens.

The new buy pairs are:
GBPUSD
EURGBP
AUDCAD

The new sell pairs are:
AUDUSD
EURUSD
USDCAD

The idea of excluding JPY and CHF is to avoid the huge sudden moves caused by intervention from the respective central banks. A thing that we've seen a few times the last 6 months, and may very well happen again. I think sudden big moves in JPY and CHF is one cause when a basket (with the original pairs) suffers big floating DD and long duration...
Sudden moves are not what causes baskets to linger. Its the times when you have multiples trades open on a single pair or maybe two pairs and then the market does a sudden reverse (CHF last week). It then takes forever for your hedge trades to catch up and more times than not it reverses again, and you are stuck with trades on either end of the range with the current price in the middle. Tha is when this system fails.

So how do you avoid this? That is the big question for this system. Only way you can avoid this is to take a manual approach and dont let the basket get over exposed to any pair in one direction. You can trim out manually both winners and losers. Your balance may drop a little but thats ok. Now when to do this is entirely up to your discresion. Also dont be afraid to kill a basket completly with a small loss. You can usually get a long string of winning baskets before that bad one shows up. You dont need to win all the time, just like any other system.

Pair selection. Thats the million $ question since we cant see the future. For me, I no longer worry about a basket to be synthetic hedge. Just look at 4 hr chart and use the pairs that look to be trending somewhat smoothly. The baskets profit best with trending pairs. Even though I dont completly syntheticaly hedge the pairs, I dont over expose any currency in the same direction either( ie. 3 eur/xxx long pairs)..Avoid mixing pairs that have big difference in daily range( ie. eur/gbp (low) gbp/aud(high)).

Consider the time frames. Good baskets usually will close in less than 24 hours. This will of course depend on mmtu and profit percent. Your .15 should close often. I usually use .25 and have had as many as 6 basket closes in a day. If the basket get over 20 trades before closing that is when I would start to think about maybe trimming.

Good luck in your testing.
  • #1,447
  • Aug 15, 2011 2:21am Aug 15, 2011 2:21am
Quoting thorn
Sudden moves are not what causes baskets to linger. Its the times when you have multiples trades open on a single pair or maybe two pairs and then the market does a sudden reverse (CHF last week)....
Hi Thorn

Thanks a lot for Your comments. They are very valuable to me having worked with this system for only 5 weeks. Your experience with this system seems solid.

I understand that You have developed a not-all automatic approach to the Phantom trading system. Thats when experience comes into play. May I ask what version You use as the core of Your phantom trades?
Is it a more pure breed like 01/01a or one of the other versions which closes the looser every x hours, or something like that.

My personal preference is to find a simple version which tends to avoid baskets with a life longer than 24 hours and doesn't have too many (if any) variables that will randomize testing.

So far I've been testing the addsix_02a with good results for 5 weeks. However my settings (using MMTU 1% and ProfitPct 0.25) has almost one weekly occurrence with a basket of close to 20 open trades, only 300% margin available, and a floating DD of maybe 10%. This basket until now closed within 48 hours.
It has yielded almost 5% weekly (which is extremely good), but I would be more than happy with 1.5-2% weekly if the safety of the system was improved.
Below is a screenshot of the demo results of addsix_02a.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 5 ugers demotest.png Size: 46 KB
  • #1,448
  • Aug 15, 2011 5:19am Aug 15, 2011 5:19am
my idea is add stoploss to 511 version

logic is stop loss i calculated in base of ATR

this is for a buy order

double stoplossB=iATR(SymbolArray[i], PERIOD_D1, days,1)*mult_atr;
stoplossB=MarketInfo(SymbolArray[i], MODE_ASK)-stoplossB;
stoplossB=NormalizeDouble(stoplossB,4);

let me know , if like this idea , so if market change (example chf) account will go down in balance but possibile will survive
Attached File(s)
File Type: mq4 Phantom_AddSix_5.1.2.mq4   92 KB | 366 downloads
  • #1,449
  • Aug 15, 2011 4:42pm Aug 15, 2011 4:42pm
Hi, Thorn, thanks for the update. Almost same as my experiences and impression.

added exceedingly many positions, then market reverse, that's main cause of DD, especially when a basket meets this kind of situation 2 or 3 times.

i also manually trim, every Asian session, if too many pos are added.

now for me, more than 30 trades, or 2 days, are too scary for me. i often close a basket, suffer a loss of 6~10 times of a basket-closure profit.

my 4 months LIVE suffered 3 times of "death basket", each loss is 12~20 times of a basket-closure profit. that's why, since then, i'd rather manually close earlier.

hopefully, we can continue to validate each other's experiences on this EA in future.

Quoting thorn
Sudden moves are not what causes baskets to linger. Its the times when you have multiples trades open on a single pair or maybe two pairs and then the market does a sudden reverse (CHF last week). It then takes forever for your hedge trades to catch up and more times than not it reverses again, and you are stuck with trades on either end of the range with the current price in the middle. Tha is when this system fails.

So how do you avoid this? That is the big question for this system. Only way you can avoid this is to take a manual approach and...
  • #1,450
  • Aug 15, 2011 5:19pm Aug 15, 2011 5:19pm
Thanks to Charvo and Thorn for reporting their experiences with this system.
It definitely a big help to hear Your view on the anatomy of this system, the pair selection, and the need for manual trimming.

Happy trading.
  • #1,451
  • Aug 22, 2011 12:11am Aug 22, 2011 12:11am
Quoting thorn
Hard to say without seeing your platform. with 1% PP should have closed at 20 euros right? Did you clear the golbal variables after install of new EA? Sometimes that can mess things up.
thorn,pls help me.the EA doesn't close when PP is achieved really.
Sorry for my poor English.
  • #1,452
  • Aug 27, 2011 6:39am Aug 27, 2011 6:39am
Hi there,

how's going with different version of Phantom? I hope the performances are increasing while the risk is under control.

Could you post your last results? Or your statements?

My oldest and still running test is about Phantom6_01x and you can find the live stats here: http://www.mt4i.com/users/achab-Phantom6_01x/stats.

Unfortunately the MT4i publisher has crashed and the stats are frozen (2011/08/10 16:00:02), but the EA's still running. As I'll be back in office I'll restart the MetaTrader and the stats will be updated.

Actually the updated Balance is 23,708.53 Euros and the Equity is 18,672.31 Euros.

The test started on December, the 12 2010, with a Balance of 5,000 EUR, completely untouched.

I wish you a nice weekend.
/achab
  • #1,453
  • Aug 27, 2011 4:43pm Aug 27, 2011 4:43pm
Quoting achab
Hi there,

how's going with different version of Phantom? I hope the performances are increasing while the risk is under control.

Could you post your last results? Or your statements?

My oldest and still running test is about Phantom6_01x and you can find the live stats here: http://www.mt4i.com/users/achab-Phantom6_01x/stats.

Unfortunately the MT4i publisher has crashed and the stats are frozen (2011/08/10 16:00:02), but the EA's still running. As I'll be back in office I'll restart the MetaTrader and the stats will be updated....



Very impressive!

I am testing Phantom6_01aV2 on 3 accounts, positive results on all 3
  • #1,454
  • Edited 10:35pm Aug 27, 2011 10:19pm | Edited 10:35pm
Thanks a lot, Achab. Amazing results, at first, i feel it incredible. how do you reset the phantoms? using the default 8 hours or your own timing?

I got burned twice last month using P6_01. now stopped..., and wondering what to do.

i used 0.02 or 0.03 lot only in a 10000$ account, from the chart you may see that the profit over 3 month is almost 2500$. with two recent drops in the equity curves..... (i had 4 "death baskets" in 3 months.)

recently, i become more worried, when the DD reach -500~-1000$ (it often reaches this disgusting level, once per month at least), i tend to "close all trades".

according to your stats, should I just let them run anyway? your 0.1 lot in a $5000 account is really aggressive to me.

Quoting achab
Hi there,

how's going with different version of Phantom? I hope the performances are increasing while the risk is under control.

Could you post your last results? Or your statements?

My oldest and still running test is about Phantom6_01x and you can find the live stats here: http://www.mt4i.com/users/achab-Phantom6_01x/stats.
Attached Image (click to enlarge)
Click to Enlarge Name: p6_01.PNG Size: 40 KB
  • #1,455
  • Aug 31, 2011 1:09am Aug 31, 2011 1:09am
If someone is coding a stoploss, can I also suggest coding a trailing stop on positive baskets?
  • #1,456
  • Aug 31, 2011 12:55pm Aug 31, 2011 12:55pm
guys.. any reason why this EA would not be working? I have tried deleting global variables, trying on my VPS and my desk top.. its been a few days but no trades are showing AND there is nothing in the journal/logs?

Looking forward to your guidance.....
  • #1,457
  • Sep 6, 2011 2:43pm Sep 6, 2011 2:43pm
Quoting achab
Hi there,

how's going with different version of Phantom? I hope the performances are increasing while the risk is under control.

Could you post your last results? Or your statements?

My oldest and still running test is about Phantom6_01x and you can find the live stats here: http://www.mt4i.com/users/achab-Phantom6_01x/stats.

Unfortunately the MT4i publisher has crashed and the stats are frozen (2011/08/10 16:00:02), but the EA's still running. As I'll be back in office I'll restart the MetaTrader and the stats will be updated.

Actually...
Hi,

I think this demo is dead. Anyone here has tested with CLM option...
  • #1,458
  • Sep 8, 2011 2:06pm Sep 8, 2011 2:06pm
it is not dead, and it revives again

but apparently, this demo seems running under "manual interference": either manually partial closure or some "cut loser" method, if you read the statement details.

this demo ran thru two huge hits (death baskets), the last one is most terrifying, however, the trader has courage to cut losers and let profit run, and finally got out without much hurt.

the question is "how the trader decide when and how to adjust positions".

Quoting morepipspls
Hi,

I think this demo is dead. Anyone here has tested with CLM option...
  • #1,459
  • Sep 8, 2011 2:49pm Sep 8, 2011 2:49pm
Quoting charvo
it is not dead, and it revives again

but apparently, this demo seems running under "manual interference": either manually partial closure or some "cut loser" method, if you read the statement details.

this demo ran thru two huge hits (death baskets), the last one is most terrifying, however, the trader has courage to cut losers and let profit run, and finally got out without much hurt.

the question is "how the trader decide when and how to adjust positions".
Hi Charvo,

Yes, you are right...... Now I´m trying one version by Frazerd with cut losers option, Phantom six 1x. MMTU 0,4. PP 1% , CLM 1,5. I like this idea about cutting losers soon and let profits run.... 6,31% profit in 5 days.

Lowest margin 1600%
DD 3,3%
Leverage 1 400 very risky....... Micro account

Remember that this version add lot position in 6 pairs with profits and cut losers very soon, now at 100 pips in my demo more an less.

Let´s see if this toy can survive a long time .....Did you try this version

good night
  • #1,460
  • Sep 9, 2011 9:51am Sep 9, 2011 9:51am
no, i have not tried this version. great you have nice results.

the EA's MMTU, PP % are nice to use, but confusing to communicate, since we dont know each other's capital size. Same MMTU, PP%, but different capital (1000 or 10000) may lead to huge difference in performance.

i tried similar version with X factor (only add when all previous pos in profit), but without cut losers, ( i manually cut, much less frequently than your version), the outcome is a disaster. within 1 month, i always ended up in a death basket. i tried 3 times, then gave it up.

bring it on, don't let my failure discourage you, since achab's demo is more encouraging.

i'm thinking why achab's phantom with X is working, but mine NOT.

the possible reason is his phantom uses "reset over 8 hours", but mine does NOT.

at this point, after 0.5 yr, it is relatively safe to say achab's demo's performance is not by luck, but by a edge. however, i still believe that last week, he somehow manually interfered the basket so that he survived that death basket.

Quoting morepipspls
Hi Charvo,

Yes, you are right...... Now I´m trying one version by Frazerd with cut losers option, Phantom six 1x. MMTU 0,4. PP 1% , CLM 1,5. I like this idea about cutting losers soon and let profits run.... 6,31% profit in 5 days.
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