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Phantom 6 System

  • #1,521
  • Sep 5, 2013 3:18pm Sep 5, 2013 3:18pm
It's TheMaxx's own personal version of one of the earlier EAs I believe.
Open to new approaches.
  • #1,522
  • Sep 5, 2013 4:17pm Sep 5, 2013 4:17pm
Quoting MetaCoder
It's TheMaxx's own personal version of one of the earlier EAs I believe.
is it already being backtested ? how its winning percentage ?
  • #1,523
  • Sep 5, 2013 4:35pm Sep 5, 2013 4:35pm
Quoting demolationz
{quote} Hi maxx. Is this the latest version of the EA ?
No it's not. In my opinion, Phantom6_01 found at post #1 is the most promising version. All I did was take that and add MetaCoder's new lot size code from post #1709.

Follow MetaCoder for the latest releases, not me.
  • #1,524
  • Sep 5, 2013 4:40pm Sep 5, 2013 4:40pm
Phantom6_02 is available in the first post of this thread. It might have bugs but I'll correct anything reported by testers.

Here is the description of the system:

The same 6 pairs are used.

Lot sizes are not all the same for every currency pair. They are calculated to provide a well-behaved hedge. The hedge isn't perfect because poor lot size granularity doesn't allow for perfect hedging, just well-behaved hedging. NOTE: With this system, the hedging benefit is not there initially, because trades get added one at a time.

Initially, phantom-buy the phantom buy group of pairs and phantom-sell the phantom sell group of pairs.

When the phantom trades become all winners or all losers within their designated groups, close the biggest losing trade (if any) and add a trade to the biggest winning phantom pair among the six pairs.

Close all when current equity exceeds 1% of last flat equity.
Open to new approaches.
  • #1,525
  • Edited 11:54am Sep 6, 2013 11:42am | Edited 11:54am
I don't like excessive trimming.

Phantom6_02a has the condition MathAbs(BiggestLoserPL) >= 0.5 * BiggestWinnerPL to filter out the trims that occur shortly after a phantom reset in the midst of strong action that quickly groups the two sets of phantoms pairs on opposite sides.
Open to new approaches.
  • #1,526
  • Edited 12:28pm Sep 6, 2013 12:08pm | Edited 12:28pm
Version 03 adds a trade to the biggest winning phantom pair among the six pairs, and it also adds a trade to the biggest losing phantom pair in the opposite direction of the phantom. This way, we will catch the biggest runner with one of these two trades, understanding that we are identifying the biggest runner at the moment of opposing consolidation of the two sides of the phantom trades.

Trimming of the biggest loser also occurs, as long as its loss is at least half of the biggest winner's magnitude, just as with version 02a.

There is no logic in place to prevent multiple trades being opened on the same pair. However, there is logic to prevent attempts to open opposite-direction trades on the same pair, because this is not allowed by brokers.

The EA is new as of this writing, not yet tested by me or anyone else.
Open to new approaches.
  • #1,527
  • Sep 6, 2013 12:42pm Sep 6, 2013 12:42pm
Version 03a: Same as 03 but it only allows a trade to be opened if no trade already exists for that pair.
Open to new approaches.
  • #1,528
  • Sep 6, 2013 12:46pm Sep 6, 2013 12:46pm
In summary, 03 and 03a are meant to catch big runners on both sides of the hedge.

Trades can be opened in either direction on both sides of the hedge, NOT just in the directions indicated by the phantom trades.

Version 03 will let multiple trades to be opened in the same direction on a pair.

Version 03a will only let a trade to be opened on a pair if there are no trades open for it.

Both versions will trim the biggest loser if its loss is at least half of the biggest winner's magnitude.
Open to new approaches.
  • #1,529
  • Sep 6, 2013 1:04pm Sep 6, 2013 1:04pm
Quoting MetaCoder
In summary, 03 and 03a are meant to catch big runners on both sides of the hedge. Trades can be opened in either direction on both sides of the hedge, NOT just in the directions indicated by the phantom trades. Version 03 will let multiple trades to be opened in the same direction on a pair. Version 03a will only let a trade to be opened on a pair if there are no trades open for it. Both versions will trim the biggest loser if its loss is at least half of the biggest winner's magnitude.
Ok, will start trialling v03a from Sunday market open.
  • #1,530
  • Sep 6, 2013 1:10pm Sep 6, 2013 1:10pm
Thanks for trying the stuff out, danjuma!
Open to new approaches.
  • #1,531
  • Sep 6, 2013 1:17pm Sep 6, 2013 1:17pm
Quoting MetaCoder
Thanks for trying the stuff out, danjuma!
U r most welcome sir.
  • #1,532
  • Sep 6, 2013 3:33pm Sep 6, 2013 3:33pm
More detail on Phantom6_03a:

It seems we would want the EA to be free to take either direction on any pair in the basket.

Why limit ourselves to one trade per pair? The main idea there is to keep our margin usage under control.

The basket will seldom or never exhibit a perfect hedge, or even a well behaved hedge. However, the framework of pair selection and tactics, I hope, provides for the possibility of reasonable balance.

I believe firmly in cutting losers short, but feel just as strongly that overtrimming is to be avoided. This is built in, as well.

So let's see how it does. Let's first make sure the EA is behaves per the intended strategy, and then address whether the strategy needs rethinking.
Open to new approaches.
  • #1,533
  • Sep 7, 2013 1:58am Sep 7, 2013 1:58am
MetaCoder.. Its gr8 to see you after long time.

Now.. I stopped trying your EAs.

But i use similar system which works with only two pairs EUR/USD and USD/CHF in the same manner as phantom.

I dont track too much systems here bcos people start their threads and keep on updating their system every now n then.

No firm results.. nothing else... Just a waste of time.

TC.
  • #1,534
  • Sep 9, 2013 3:25am Sep 9, 2013 3:25am
Quoting danjuma
{quote} Ok, will start trialling v03a from Sunday market open.
Can you, please, post the ".set" file you are going to use? I can start a new demo account with same parameters for comparing our results.
/achab
  • #1,535
  • Sep 9, 2013 1:22pm Sep 9, 2013 1:22pm
Quoting achab
{quote} Can you, please, post the ".set" file you are going to use? I can start a new demo account with same parameters for comparing our results. /achab
Hi achab, I have not set this up yet as I still need to get my head around how the EA works in terms balance, equity, margin etc before I can understand the settings.
  • #1,536
  • Sep 9, 2013 2:45pm Sep 9, 2013 2:45pm
Balance, equity and margin are independent of any EA.
Open to new approaches.
  • #1,537
  • Mar 2, 2014 9:43pm Mar 2, 2014 9:43pm
Thanks. Is there any update?
  • #1,538
  • Mar 7, 2014 11:55pm Mar 7, 2014 11:55pm
Has anyone used it for a few months and can you please share your results, I used it for last 4-5 days and am up 3%...
  • #1,539
  • Mar 10, 2014 2:31am Mar 10, 2014 2:31am
Hi FarrukhAzim,

good morning. It's hard to maintain in memory so much information after so long time: could you, please, specify which system are you trading with? The best is to post EA and file ".set".

Have a nice day.
/achab
  • #1,540
  • Mar 10, 2014 2:38am Mar 10, 2014 2:38am
I am using Phantom6_01_MC_SetLotSize.mq4 given in post 1516.
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