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Phantom 6 System

  • #1,461
  • Sep 9, 2011 12:32pm Sep 9, 2011 12:32pm
Quoting charvo
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...
My account demo balance is 1000$, today my balance has fallen so much because this EA cuts several losers trades very soon but, few hours later, rise up to my goal (1%), from bottom to sky. Only 6 days demoing..... It is important a micro account because your lot size is flexible and it does not have huge steps when your account balance grows.
I opened a new demo in order to know if it is only good luck although I split PP and MMTU by 4 and CLM ....2.0.

Metacoder repeats all the time...'cut your losses and let your profits run' ....or maybe 'cut your losses soon and let your profits run' . I think it is only good luck....
  • #1,462
  • Sep 9, 2011 1:21pm Sep 9, 2011 1:21pm
Hi Guys,

Just to point this week after SNB move EURCHF is almost dead & moving slowly while USDCHF now exactly a proxy of EURUSD. Would this work so effective?

Regards
13
Brokers are angels
  • #1,463
  • Sep 12, 2011 6:11am Sep 12, 2011 6:11am
Hi!

If you take a look at the statement you can see some manual interference, yes. In the longest story of this test, it happened only 2 times. The first one, many months ago, it was not me, but the crash I had to my PC that modified the positions, closing the basket when negative (if I remember well).

The second time it was not me, either: the account had a margin call and stop, and closed the positions. Don't know why it revived again and after I noticed it, I closed the basket with more than 20,000 EUR of gain, after 2 days.

Even if in real I have lost a lot of money with one Phantom, I still am a fan of this system. In fact, if you can tripled an account in less than an year.... It "talks by itself", as we use to say in Italy.

Now my question: would you like to share your live account statements, if any?

May the pip be with you.
/achab
  • #1,464
  • Edited 9:54pm Sep 12, 2011 9:17am | Edited 9:54pm
yeah, your 2nd survival after 20k burned is really amazing, not sure how we can do it in LIVE.

how often do you reset, Achab? default 8 hours?

i lost a huge amount of money too on using various phantoms in LIVE. but still feel it promising.

i'll upload my statement after work tonight, you may see the chart in my previous post in the last page.

As said, plz see the attached,

LIVE @ Go Market, 10000 capital, 0.03 lot each position usually, phantom6_01.mq4 in 1st page.

reached 2500$ profit almost, then a death basket killed 800$, i stopped trading it, still seeking a solution now.

also, as time went by, i started using more and more manual interference (closing a few positions in Asian time).

Quoting achab

Even if in real I have lost a lot of money with one Phantom, I still am a fan of this system. In fact, if you can tripled an account in less than an year.... It "talks by itself", as we use to say in Italy.

Now my question: would you like to share your live account statements, if any?

May the pip be with you.
/achab
Attached File(s)
File Type: xls GoLive.xls   326 KB | 377 downloads
  • #1,465
  • Sep 13, 2011 6:31am Sep 13, 2011 6:31am
Quoting charvo
yeah, your 2nd survival after 20k burned is really amazing, not sure how we can do it in LIVE.

how often do you reset, Achab? default 8 hours?

i lost a huge amount of money too on using various phantoms in LIVE. but still feel it promising.

i'll upload my statement after work tonight, you may see the chart in my previous post in the last page.

[i][color=DarkRed]As said, plz see the attached,

LIVE @ Go Market, 10000 capital, 0.03 lot each position usually, phantom6_01.mq4 in 1st page.

reached 2500$ profit almost, then a...
Thanks for sharing your statement, you too Achab. My demo with Phantoms 1x Cut losers 1.5 is doing well (no reset phantoms every x hours) . You can follow my stats here:

http://www.myfxbook.com/members/pulg...u-05-pp/159490

IMHO I think it is better to use CLM in order to avoid a really awful basket and now I usually use MMTU keeping in mind how many pips I need to reach PP. I´m sure everyone here knows that a high MMTU/Leverage allows a high PP, but it is too risky. In this demo I´m using lot sizes around 0,15 nano lots= 1500 currency base and my balance is around 900-1000$. Imagine what will happen with this account with 70-100 trades and a average volatility of this pairs 1-2% daily.

Said this, I prefer 1x phantom because it is a perfect price action system. Only adds positions with profits and cut losers soon, no matters if these pairs are better than another ones like in Phantoms 2a. I´m trying to know which would be the best settings for any MMTU/leverage.

I appreciate if you will share your experience.

Regards
  • #1,466
  • Sep 13, 2011 11:25pm Sep 13, 2011 11:25pm
Quoting charvo
i lost a huge amount of money too on using various phantoms in LIVE. but still feel it promising.

i'll upload my statement after work tonight, you may see the chart in my previous post in the last page.
charvo,

I too have lost small amounts trying to make this work and I come back again to phantom as I see potential in this method. If we see the results carefully, chf pairs are the major contributors to the profit or loss for that matter. That is to do with the how chf moved over past year or so. I am trying to incorporate different sets of pairs(from the 14 available), so as to see without exaggerated movements of pairs, whether system will have any legs.
"Put all your efforts in becoming effortless"
  • #1,467
  • Sep 14, 2011 8:45am Sep 14, 2011 8:45am
http://www.myfxbook.com/members/gao48/fx5/159986


Use smallest lot TRUE

I use: Phantom_AddSix_02a
settings:MMTU 0.5
Lots 0.01
PP 0.15
  • #1,468
  • Sep 14, 2011 9:37am Sep 14, 2011 9:37am
i tried many pair configs, and decided it is the original 6 pairs best.

however, chf indeed was in trend for the past 6 months or so. i remember that before this period, my demo showed the opposite, all chf pairs were dragging down the basket, but eurusd, and eurjpy were contributing to the basket. that time was around the end of 2010.

so it is difficult to expect the pair config to be the key of the system, since each pair will inevitably have its ranging and trending days.

one thing that Achab's demo reminds me of is that sometimes, the EA had to wait for 1~2 month to close a basket, and maybe i was not patient enough when i traded???

Quoting IamTHAT
charvo,

I too have lost small amounts trying to make this work and I come back again to phantom as I see potential in this method. If we see the results carefully, chf pairs are the major contributors to the profit or loss for that matter. That is to do with the how chf moved over past year or so. I am trying to incorporate different sets of pairs(from the 14 available), so as to see without exaggerated movements of pairs, whether system will have any legs.
  • #1,469
  • Sep 19, 2011 2:25am Sep 19, 2011 2:25am
Quoting fx7779
http://www.myfxbook.com/members/gao48/fx5/159986


Use smallest lot TRUE

I use: Phantom_AddSix_02a
settings:MMTU 0.5
Lots 0.01
PP 0.15

Hi!

I tried to connect to your live stats, but it seems to be a private statement.

I wish you a nice day.
/achab
  • #1,470
  • Sep 19, 2011 4:23am Sep 19, 2011 4:23am
doing fine
  • #1,471
  • Sep 19, 2011 9:51am Sep 19, 2011 9:51am
Hi, Achab:

I sent you a PM about "how many hours to reset phantoms"? Would you please take a look? Thanks!

Quoting achab
Hi!

I tried to connect to your live stats, but it seems to be a private statement.

I wish you a nice day.
/achab
  • #1,472
  • Sep 19, 2011 3:21pm Sep 19, 2011 3:21pm
extern int ResetHourInterval = 8;
  • #1,473
  • Sep 19, 2011 4:46pm Sep 19, 2011 4:46pm
Quoting fx7779
Use smallest lot TRUE

I use: Phantom_AddSix_02a
settings:MMTU 0.5
Lots 0.01
PP 0.15
Hi Guys

Just wanted to give You an update on addsix_02a and Phantom6_01a.V2.
I posted the latter here with a new pair selection to avoid CHF and JPY pairs due to intervention risk. I've tested this EA for 3 weeks now and it has shown slow and rather unprofitable with a setting of PP 0.15 and MMTU 0.5.
It has suffered a loss of approximately 7% due to losses experienced when closing a basket with a high number of pairs.
http://www.forexfactory.com/showthre...70#post4868270
Remember Thorns comments to my pair selection - I think he was proved right regarding the importance of choosing pairs with the approximately same daily range.
During my test only a fraction of all EURGBP trades ended profitable (most were big loosers and during the last 3 weeks this pair has moved in the same 250 pips range.

I've also demotested addsix_02a for 8 weeks showing good profits (PP 0.25 and MMTU 1.0) until I hit a "death basket". When margin available reached 100% (with close to 100 open positions), MT4 started closing trades to maintain a margin above 100% and then the real drawdawn occured.
The smallest lotsize on this account was 0.1 on a 10,000$ account, so the
reason for this misfortune must have been overleverage.

The last 3 weeks I've tested the same EA on a 10,000$ account (smallest lotsize 0.01) and a setting of PP 0.125 and MMTU 0.5.
As expected the profits accumulated approximately 50% slower, but the floating DD has been only 2.18%.

I'm considering moving addsix_02a to a live account using PP 0.125 and MMTU 0.5 (which equals an approximate profittarget of 25 pips).

Has anyone had long term experiences with this version and those settings?

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 01a.V2.png Size: 46 KB
Click to Enlarge Name: 8 weeks demo addsix_02a MMTU 1.0.png Size: 45 KB
Click to Enlarge Name: 3 weeks demo addsix_02a MMTU 0.5.png Size: 46 KB
  • #1,474
  • Sep 19, 2011 8:41pm Sep 19, 2011 8:41pm
Sell and Buy

Phantom6_01aV2
I have been thinking if the ea could be modified, have tested it but got big drawdown
  • #1,475
  • Sep 21, 2011 3:45pm Sep 21, 2011 3:45pm
Has anyone had problems running addsix_02a or the other Phantom EA's on an account with funds in Euro?
I guess it shouldn't cause any problems since MT4 doesn't state which currency the account is in - only the balance and equity figures.

So far I've only tested in $ demo-accounts, but just made a € demo-account to test it.
Of course the comment-display isn't correct since I haven't changeded the code to € yet. But something strange happened when I loaded the EA. The comment display sometimes refreshes with a $profit target of 0.00 and the smallest lot-size.
Have You had the same problem? And is it at all related to the fact that I'm now demo-ing on a € account?

Cheers
Attached Images
  • #1,476
  • Sep 23, 2011 12:32pm Sep 23, 2011 12:32pm
Quoting T.Trade
Has anyone had problems running addsix_02a or the other Phantom EA's on an account with funds in Euro?
I think the problem with the comment display was caused by an other EA (the MPTM) which was attached to another chart. Can't see why it should affect Phantom6, but anyways removing the MPTM made the problem go away.

Another thing I've noticed though is that the lot-size is as if it was a USD account. But I guess the way that I'll work around it is to increase the MMTU accordingly.
  • #1,477
  • Sep 25, 2011 5:39am Sep 25, 2011 5:39am
I did not close any trades manually, when there was drawdown of between 4-5% the ea closed all with loss, there was big movement in several currencies as the gold , silver, euro and oil dropped, have some more tests
to do before I place the ea on life account, please! if anybody has seen similar results, please post it, thanks


Phantom_AddSix_02a

file:///C:/IBFXAustralia_1-Click/DetailedStatement.htm

-----------------------------------------------------------------------------------------

Quoting fx7779
http://www.myfxbook.com/members/gao48/fx5/159986


Use smallest lot TRUE

I use: Phantom_AddSix_02a
settings:MMTU 0.5
Lots 0.01
PP 0.15
  • #1,478
  • Sep 26, 2011 10:28am Sep 26, 2011 10:28am
Quoting charvo
yeah, your 2nd survival after 20k burned is really amazing, not sure how we can do it in LIVE.

how often do you reset, Achab? default 8 hours?

i lost a huge amount of money too on using various phantoms in LIVE. but still feel it promising.

i'll upload my statement after work tonight, you may see the chart in my previous post in the last page.

[i][color="DarkRed"]As said, plz see the attached,

LIVE @ Go Market, 10000 capital, 0.03 lot each position usually, phantom6_01.mq4 in 1st page.

reached 2500$ profit...
Hi Charvo,

sorry for my delay, I had some troubles, technical (laptop crashed) and about work.

Anyway, I confirm you that I have standard reset setting: 8 hours.

Take a look at my set file, attached here.

Why did you put me this question?

I wish you a nice day.
/achab
Attached File(s)
File Type: txt phantom6_01x-setup01.set.txt   < 1 KB | 366 downloads
  • #1,479
  • Sep 26, 2011 11:20am Sep 26, 2011 11:20am
Thanks a lot, Achab:

Originally I thought this is an important reason why your demo's performance is that great.

then i realised that i was wrong since your version is with "X" factor (but this resetting is still important).

Generally, resetting is important because it give the basket a new "price level to start" so that the basket will capture the most active/trendy pair in last interval (by default, last 8 hours). many times, a basket gets trapped in DD is because the trend of pair A has reversed but the EA still adds to pair A due to pair A's earlier profit. Resetting is a solution to overcome this.

But resetting is of little use to your case, since you have "X" factor. If a pair A is reversed, the EA will not add more positions for pair A anyway.

Although your EA performs greatly, I still feel hesitating to use "X" factor. In my LIVE trading, "X" factor is destructive, since I cannot wait for a basket forever. I guess "reset" is better than "X" factor for the sake of saving time. "X" factor is too slow.

I feel that resetting over 24 hours are better without solid stats supporting it.

Quoting achab
Hi Charvo,

Why did you put me this question?

I wish you a nice day.
/achab
  • #1,480
  • Sep 27, 2011 7:51am Sep 27, 2011 7:51am
Hi all,

I was thinking about your point of view and maybe to reset our basket every x hours it is not a good idea. I wonder if the most important it is to track all your pairs from the beginning and close our losers "soon" (I´m thinking which is the best moment to cut losers and now, beyond 1 day volatility could be a good start).

X factor and pip step is needed, why?. I want to only add winning trades from the begining and pip step avoid that not to add when the market is flat. It is like a grid position system.

So at this point, it is important to choose when you have to cut losers because it is part of this game. Too soon-> too many losers trades and harder to recover when market is ranging->Too late, less losers trades but higher values of this losers trades although you avoid losers in ranging markets. Please share your ideas about this issue.

Sorry again for my English

Thanks

Quoting charvo
Thanks a lot, Achab:

Originally I thought this is an important reason why your demo's performance is that great.

then i realised that i was wrong since your version is with "X" factor (but this resetting is still important).

Generally, resetting is important because it give the basket a new "price level to start" so that the basket will capture the most active/trendy pair in last interval (by default, last 8 hours). many times, a basket gets trapped in DD is because the trend of pair A has reversed but the EA still adds to pair A due...
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