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Reverse6

  • #21
  • Sep 6, 2013 1:15pm Sep 6, 2013 1:15pm
Quoting MetaCoder
Friday action can be very fast; we've seen this before, lots.
Ok, thanks.
  • #22
  • Edited 3:23pm Sep 6, 2013 1:31pm | Edited 3:23pm
You're probably looking only at floating profit, not whether current equity is greater than last flat equity. For full closure, current equity must exceed last flat equity by the dollar profit amount.
Open to new approaches.
  • #23
  • Sep 7, 2013 2:02am Sep 7, 2013 2:02am
Quoting MetaCoder
danjuma, profit didn't go over $100. The screen clearly shows that your target is $10,100.00. Think equity, not balance. But, of course you are free to close the trades manually. I suggest turning off the EA before doing that.
Quoting MetaCoder
You're probably looking only at floating profit, not whether current equity is greater than last flat equity. For full closure, current equity must exceed last flat equity by the dollar profit amount.
Ok, a bit confused, looks like I don't understand the settings for the EA. Could you please explain the following settings/or their effect in the EA or direct me to a post where you have explained them before? Many thanks.

Bailout: false
Slippage: 3
MinSize: 10000
StdSize: 100000
StopAlertNoTrades: false
UseSmallestLot: false
MaxmarginToUse: 0.5
ProfitPct: 1.0
MaxMinProfit: 1000
MaxStdProfit: 10000

For example, if I was using say 1:50 leverage, micro lots (0.01) and account balance of $1000, what should be the settings?
  • #24
  • Edited 11:19am Sep 7, 2013 11:05am | Edited 11:19am
Quoting danjuma
{quote} {quote} Ok, a bit confused, looks like I don't understand the settings for the EA.
It's a matter of understanding the difference between balance and equity, not the settings.

Attached Image (click to enlarge)
Click to Enlarge Name: account-snapshot.png Size: 216 KB


I circled balance and equity in red. The balance was below $10,000 because one or more losing trades had been trimmed.

The equity number shows what what your balance would have ended up as if you had closed all of your trades instantly at the moment the snapshot was taken.

Your equity was only $71.03 above your original balance even though your floating profit was $137.42.

The difference is accounted for by the fact that there had been $10,000 minus $9,933.61, or $137.42 minus $71.03, worth of loser trimming. The result is $66.39 with either calculation.
Open to new approaches.
  • #25
  • Sep 10, 2013 8:52am Sep 10, 2013 8:52am
Just playing with code... I made this new ea. It uses only 3 pairs.. and works like hedging of hedge.

MC.. I want to know what is the logic behind phantom trade.. I mean when it get added into the basket... wht is the parameter for this.. i mean time interval or pips etc.

Thanks
Attached File(s)
File Type: mq4 Reverse3_01a.mq4   36 KB | 397 downloads
  • #26
  • Sep 10, 2013 10:36am Sep 10, 2013 10:36am
Password, you effectively disabled the meaningful purpose of the phantom trades. You have disabled the EA's logic that reverses the biggest loser.

The logical expression in the function PairsHaveGrouped can never evaluate to true. For example, GBPUSD_PL > 0.0 AND GBPUSD_PL < 0.0 can never both be true at the same time.

You also have the function OpenInitialTrades opening trades on the same pair in opposite directions; USA brokers do not allow this within the same account (last I checked they didn't).
Open to new approaches.
  • #27
  • Sep 10, 2013 11:13am Sep 10, 2013 11:13am
Quoting MetaCoder
{quote} It's a matter of understanding the difference between balance and equity, not the settings. {image} I circled balance and equity in red. The balance was below $10,000 because one or more losing trades had been trimmed. The equity number shows what what your balance would have ended up as if you had closed all of your trades instantly at the moment the snapshot was taken. Your equity was only $71.03 above your original balance even though your floating profit was $137.42. The difference is accounted for by the fact that there had been $10,000...
Many thanks for the explanation MetaCoder, much appreciated.
  • #28
  • Sep 10, 2013 11:40am Sep 10, 2013 11:40am
Quoting Password
MC.. I want to know what is the logic behind phantom trade.. I mean when it get added into the basket... wht is the parameter for this.. i mean time interval or pips etc. Thanks
Have you read the first post in the original Phantom 6 thread? You also might wish to review some of MetaCoder's other threads which show the progression to the latest Phantom system.
  • #29
  • Edited Sep 11, 2013 11:13am Sep 10, 2013 2:42pm | Edited Sep 11, 2013 11:13am
Unless something changes, I'll be posting mostly here in the Reverse6 thread. I think this strategy is easier to understand than Phantom6.

I also believe it will tend to produce a profitable basket of trades faster than Phantom6, mainly because it opens a full basket immediately.
Open to new approaches.
  • #30
  • Sep 11, 2013 10:53pm Sep 11, 2013 10:53pm
Hi MetaCoder,

Set up the demo today!

Thanks for the EA.
  • #31
  • Sep 12, 2013 12:44am Sep 12, 2013 12:44am
Quoting TheMaxx
{quote} Have you read the first post in the original Phantom 6 thread? You also might wish to review some of MetaCoder's other threads which show the progression to the latest Phantom system.
Thanks for reply.


Yaa I got it. It opens phantom trade after every 60 mins. I hope same logic used in this ea also.

Regards

PASSWORD
  • #32
  • Edited 2:58pm Sep 12, 2013 12:10pm | Edited 2:58pm
It's the old Phantom EAs that take actions every 60 minutes; a good amount of testing showed that, while this sometimes gives quick profits, it can also result in overtrimming which takes the balance down too low. The new ones trim only when the two sides of the phantom hedge align as all wins or all losses.
Open to new approaches.
  • #33
  • Sep 13, 2013 10:40am Sep 13, 2013 10:40am
My Reverse6_01a demo account was in profit this morning for the second time in a week. I didn't close the trades; I'll probably let them run into next week.

The EA's behavior is what I intended in the design. The strategy, while boring, is doing what I hoped it would.

The bicycle is balanced and we are pedaling down the road.
Open to new approaches.
  • #34
  • Sep 13, 2013 4:02pm Sep 13, 2013 4:02pm
Hi Bro,

Nice and good system. I was checking your old site for "confirm 14EA. Now I am confuse which EA i should use. Reverse6 or Confirm one. Can you please guide me.
Appriciate your help.
  • #35
  • Edited 4:13pm Sep 13, 2013 4:02pm | Edited 4:13pm
Reverse6 is the new one that reflects my latest thinking.

I have the bicycle analogy for the system.

What does riding a bicycle consist of?

Balance. What does balance consist of with this trading approach? It consists of opening trades two groups of three pairs; three buys and three sells. The direction of all currencies is perfectly balanced, and the lot sizes are as well balanced as the available lot size precision allows.

Pedal to go forward. What does it mean to pedal in terms of trading actions? Pushing on the pedals translates to closing the biggest loser, as long as it's at least half of the magnitude of the biggest winner, and trading that same pair in the opposite direction of the trade just closed.

When do I push on the pedals? When it is natural to do so of course. How does this translate to the market? I am going on the theory that it's "natural" to push on the pedals when the phantom trades ("fake trades") align opposite to each other on the two sides of the hedge.

There are only two states of alignment. They are:

Alignment State Number One

Group 1, The Phantom Buys
1. GBPUSD - Winning
2. USDCHF - Winning
3. EURJPY - Winning

Group 2, The Phantom Sells
4. GBPCHF - Losing
5. CHFJPY - Losing
6. EURCHF - Losing

Alignment State Number Two

Group 1, The Phantom Buys
1. GBPUSD - Losing
2. USDCHF - Losing
3. EURJPY - Losing

Group 2, The Phantom Sells
4. GBPCHF - Winning
5. CHFJPY - Winning
6. EURCHF - Winning
Open to new approaches.
  • #36
  • Sep 13, 2013 5:10pm Sep 13, 2013 5:10pm
Hi MetaCoder,

Thank you for the information. appriciate your help.
  • #37
  • Sep 14, 2013 7:59am Sep 14, 2013 7:59am
It will be interesting to try this ea with diff currency pairs.
  • #38
  • Sep 16, 2013 12:36pm Sep 16, 2013 12:36pm
Quoting Password
It will be interesting to try this ea with diff currency pairs.
Why would you want to?
Open to new approaches.
  • #39
  • Sep 17, 2013 12:47am Sep 17, 2013 12:47am
  •  denozi
  • | Joined Aug 2012 | Status: trade with Patient & Discipline | 82 Posts
Dear all,

I am following and i just started with my Demo Account this morning exactly 09.00 o'clock but since i attached the EA Reverse6_01_mod it does not put any trade yet! I am still watching what is going to be happen later on. I will be back soon with the result.

Thanks lot to the Creator for sharing.
I am a new 2 Forex- Your help would be greatly appreciated
  • #40
  • Sep 17, 2013 1:30am Sep 17, 2013 1:30am
is this reversal stuff working???????????????
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